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Tim Alper

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Tim Alper

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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

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August 13, 2025

South Korea’s government is set to fast-track pro-business crypto reforms, including stablecoin regulations.

The South Korean newspaper Metro Seoul reported that the Presidential Committee on State Affairs announced its plans at a public briefing on August 13.

South Korea Crypto Reform Taking Shape

The committee spoke of a five-year plan for state administration, naming 123 state affairs-related tasks.

Among these tasks named were “the construction of a digital asset ecosystem” and “developing the domestic cryptoasset market.”

Both were identified as “key national tasks” for the administration, which took office in early June this year following the election of President Lee Jae-myung.

Lee has spoken repeatedly about his intention to build up the domestic crypto sector, with deregulation and stablecoin regulation high on his agenda.

The President appears keen to let domestic firms issue won-pegged stablecoins. Leading banks and IT companies have reacted by registering scores of stablecoin-related trademarks.

Others are hurriedly rolling out crypto-related business plans, aware that this may allow non-financial firms to develop advanced payment platforms.

However, one of President Lee’s key campaign pledges was left off the five-year plan, namely the dissolution of the Financial Services Commission (FSC).

The FSC is the nation’s top financial regulator. Its Financial Intelligence Unit (FIU) polices the country’s crypto exchanges, issuing operating permits and conducting periodic on-site inspections.

It also enforces anti-money laundering and terrorist financing protocols at the trading platforms.

FSC: Vociferous Critic No More?

In previous years, the FSC has been a vociferous critic of the crypto sector. But in recent years, as governments have relaxed their hardline stance to the industry, it has spoken in favor of reform.

Under the proposal, FSC’s supervisory duties were to transfer to the Financial Supervisory Service.

The FSC’s policy-related tasks were due to transfer to the Ministry of Strategy and Finance.

But Lee’s plan to scrap the FSC proved controversial, even among senior ministers. While his offices have yet to confirm that the President has shelved the policy, the five-year plan appeared to suggest the proposal may have moved to the back burner.

There was no mention of the regulatory reorganization move on the plan. And seven of the 123 tasks were assigned to the FSC.

The newspaper added that crypto reforms are a “key focus” for both the government and the National Assembly this year.

As such, reforms are “expected to gain momentum” in the weeks ahead, Metro Seoul wrote.

‘Time to Play Catch-up’

Political leaders are concerned that South Korea is being left behind. They note that over the past two years, the global crypto market has expanded by about 262%.

While crypto investment has spiked in the US, the European Union, and Japan, driven by institutionalization drives, the same cannot be said for Seoul. The outlet wrote:

“Delayed institutional reforms and a lack of legislation in South Korea have left the domestic cryptoasset market significantly lagging in terms of competitiveness.”

The FSC has prioritized its plan to allow corporations to buy and sell crypto. It also wants to tak a “more relaxed approach” to regulations.

The regulator has previously spoken of its intention to roll out crypto-related regulations before the end of this year.

However, skeptics say that a final decision on the fate of the FSC is yet to be taken. Talks to abolish the regulator “may resume in the future,” the newspaper explained.

Unnamed financial sector officials opined that the debate over the reorganization of the financial regulators would “continue until the end of the year.”

Earlier this month, the Seoul district of Gangnam announced it had recouped $144,057 in unpaid taxes in the first half of this year by seizing coins from tax evaders.

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Hassan Shittu

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Hassan Shittu

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Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

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August 1, 2025

Bitcoin plunged below $115,000 on Friday as renewed political pressure from former President Donald Trump unsettled markets.

The top cryptocurrency dropped to $113,164, its lowest in weeks, triggering over $200 million in liquidations from leveraged long positions and raising fresh concerns over investor confidence. The drop comes amid escalating geopolitical tension.

Trump Orders Submarine Move Amid Russia Tensions, Bitcoin Reacts to Risk Fears

Trump announced the repositioning of two U.S. nuclear submarines in response to comments by former Russian President Dmitry Medvedev, now deputy chairman of Russia’s Security Council. Medvedev had criticized Trump’s ultimatum that Russia end its conflict with Ukraine within ten days, calling it “a step towards war.”

“Based on the highly provocative statements of the former president of Russia, Dmitry Medvedev, […] I have ordered two nuclear submarines to be positioned in the appropriate regions,” Trump wrote on Truth Social.

He added that “Words are very important and can often lead to unintended consequences. I hope this will not be one of those instances.”

Bitcoin’s price decline followed these remarks from Trump, reflecting broader investor anxiety as tensions between nuclear powers rise.

Friday’s market reaction also follows Trump’s public attacks on U.S. economic institutions. The former president accused Erika McEntarfer, Commissioner of Labor Statistics, of manipulating jobs data ahead of the 2024 election to help Kamala Harris.

He called for her immediate removal and claimed the Bureau had “faked the jobs numbers” by overstating employment growth.

“We need accurate Jobs Numbers,” Trump wrote. “She will be replaced with someone much more competent and qualified.”

He also turned his attention to the Federal Reserve, sharply criticizing its chair, Jerome Powell. Trump claimed the Fed’s pre-election rate cuts were politically motivated and called Powell “a stubborn MORON.”

“Jerome ‘Too Late’ Powell must substantially lower interest rates NOW,” he wrote. “IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!”

While presidents traditionally avoid interfering with central bank decisions, Trump urged Fed officials to overrule Powell and slash rates to support what he described as a booming economy under his leadership.

The Fed has held rates steady for five consecutive meetings, citing inflation concerns. But Trump, in a flurry of posts, accused Powell of damaging the economy and failing to act on the consequences of new tariffs.

Fed Governor Adriana Kugler Resigns, Opening Key Seat for Trump

Amid the political pressure, Federal Reserve Governor Adriana Kugler announced her resignation on Friday, creating a key vacancy at the central bank. Kugler, a Biden appointee, joined the Fed’s Board of Governors in 2023 and was a permanent voting member on the Federal Open Market Committee.

She did not give a reason for her early departure but stated she would return to Georgetown University in the fall.

“It has been an honor of a lifetime to serve,” Kugler wrote in a letter addressed to Trump. Her exit, nearly 18 months before her term was set to expire, clears a path for Trump to nominate a replacement.

Kugler had recently voiced support for keeping rates steady, pending a clearer picture of how tariffs are affecting inflation. She was absent during this week’s policy vote, where two Trump-appointed members dissented, favoring a rate cut.

Fed Chair Jerome Powell thanked Kugler for her service, noting her contributions brought “impressive experience and academic insights” to the Board.

Bitcoin Slides as Political Tensions and Market Jitters Weigh on Sentiment

Bitcoin slipped further on Friday as rising geopolitical tensions and cautious investor sentiment added pressure to already fragile markets. The cryptocurrency is now trading just 7% below its all-time high of $123,182 set in mid-July, though momentum in derivatives markets is showing signs of cooling.

Notably, the monthly futures premium for Bitcoin has narrowed to 6%, down from earlier highs this month. Analysts say the drop reflects reduced appetite for leveraged long positions, suggesting traders are becoming more risk-averse despite ongoing institutional interest.

Bitcoin’s recent price behavior has also contributed to uncertainty. Rather than acting as a hedge, the asset has moved in step with tech stocks, exposing it to broader macro and political shocks. With tensions between the U.S. and Russia flaring again this week, risk appetite appears to be shifting.

The political back-and-forth added to a market already grappling with trade friction and weak economic data. While gold has remained stable around $3,350, it has offered little relief for those hoping Bitcoin would act as a safe-haven alternative. Traders appear to be rotating into cash and short-term government bonds as volatility increases.

Despite the decline, Bitcoin remains well above its January levels. However, with global uncertainty rising, traders may remain cautious in the short term.

Amid the broader pullback, some investors are reassessing Bitcoin’s long-term role. Bridgewater Associates founder Ray Dalio, previously skeptical, has updated his outlook. Speaking on a recent podcast, Dalio recommended allocating up to 15% of a portfolio to gold or Bitcoin as a hedge against U.S. debt and inflation.

“The U.S. is entering a debt doom loop,” he said, referencing Treasury forecasts of $12 trillion in new debt within the next year.

Dalio noted that while Bitcoin remains volatile and faces regulatory questions, its role as a store of value is becoming harder to ignore.

Chainlink (LINK) cryptocurrency has witnessed significant token flows off exchanges just recently. Over $120 million of LINK tokens have been taken off trading platforms within the last 30 days, reports blockchain analysis company IntoTheBlock.

Related Reading

Investors Take LINK To Cold Storage

The huge outflow indicates a change in investor sentiment. This trend usually indicates holders moving their funds to private wallets for long-term storage instead of getting ready to sell. When exchange supply declines, prices may increase if demand remains firm or grows.

Whereas most investors now seem to be buying LINK, the market also continues to have occasional whale selling. Such gigantic trades serve to keep liquidity active in the Chainlink economy while striking a balance between selling activity and withdrawals.

Keep an eye on altcoin exchange flows$LINK has seen consistent outflows from exchanges over the past month, hinting at ongoing accumulation. In total, net outflows surpass $120 million worth of LINK in the last 30 days. pic.twitter.com/XbU4qsGuWd

— IntoTheBlock (@intotheblock) April 22, 2025

Price Pushes Past Key Threshold

LINK’s price recently pierced through the $12.50 support level that has defined its pattern movements earlier this year. As per CoinMarketCap statistics, Chainlink currently trades at $14.45, 14% higher in the last week, and has a total market value of nearly $10 billion.

Some experts think LINK may hit $26 by December. Such projections, however, are highly dependent on the performance of Bitcoin. Traditionally, when Bitcoin goes up, other cryptocurrencies such as Chainlink follow suit. Any weakness in the overall crypto market may slow down the upward movement of LINK.

Contrary to the overall optimistic perspective, certain technical indicators predict a possible 28% decline to $10 on May 24, 2025. Present sentiment gauges reflect ambivalence—technical analysis indicates a “Neutral” stance while the Fear & Greed Index measures 64, reflecting “Greed.”

Partnerships And Integrations Grow

Under the hood, Chainlink is steadily expanding its partnership network. On April 21, 2025, the Digital Chamber revealed Chainlink Labs had joined its Executive Committee, placing the project closer to regulatory deliberations and policy-making.

A day later, blockchain platform Monad disclosed that Chainlink tools would be supportable on its mainnet from day one. This support covers Chainlink data feeds and cross-chain capabilities.

Chainlink is also collaborating with the large financial institutions like Swift, DTCC, and Fidelity. These partnerships, in addition to integrations on bases like Aave and Lido, demonstrate the project is emphasizing core development over market performance.

Related Reading

Push Into Real-World Asset Tokenization

Chainlink has lately ventured into tokenized real-world assets (RWAs). According to March reports, Chainlink collaborated with Abu Dhabi Global Market (ADGM) to further tokenization initiatives.

Meanwhile, statistics indicate LINK had 16 green days in the last 30, which is 50% positive price movement days. Price movements have been as high as 8.40% during the same period.

Featured image from Unsplash, chart from TradingView

Newly-confirmed United States Securities and Exchange Commission (SEC) Chair Paul Atkins is poised to begin his tenure at his new role this week, a Monday report from Crypto in America claims.

SEC Chair Paul Atkins May Start This Week

According to the April 21 newsletter, two sources familiar with the matter told the novel media that U.S. President Donald Trump’s pick to lead the federal regulator will officially be “sworn in” to his position sometime this week.

Atkins, who was confirmed by the U.S. Senate on April 9, has yet to officially begin leading the regulatory agency, largely believed to be due to scheduling and procedural causes.

“We welcome Paul Atkins as the next Chairman of the SEC,” the commission said in a statement earlier this month following his confirmation.

“A veteran of our Commission, we look forward to him joining with us, along with our dedicated staff, to fulfill our mission on behalf of the investing public,” the organization added.

Trump’s Regulatory Overhaul Begins

Atkins is largely seen as a crypto-friendly choice to spearhead the SEC, with recents reports indicating that he owns between between $1 million and $6 million in digital assets.

The selection of Atkins, who previously served at the federal regulator under former U.S. President George W. Bush, coincides with Trump’s plan to overhaul prior regulations at several key government agencies.

The SEC has long garnered flack by members of the cryptocurrency community for its regulation-by-enforcement approach to the blockchain sector under the leadership of former SEC Chair Gary Gensler.

However, the agency has changed its tune in recent months, dropping several highly-publicized lawsuits against key players in the crypto industry including Coinbase, Kraken, and more. Atkins’ upcoming tenure may only serve to embolden the agency to lessen its grip on the crypto sector.

The post Crypto‑Friendly Paul Atkins to Take SEC Helm This Week, Industry Braces for Shake‑Up appeared first on Cryptonews.

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With the significant bearish pressure that has struck XRP, its market dynamics have shifted toward a negative outlook, causing several key metrics to plummet. One of the crucial metrics that has recently declined from higher levels is the Total Realized Capitalization by Age.

Overall XRP Realized Cap Decreasing

XRP’s market dynamics are demonstrating growing weakness, as indicated by a decline in its total Realized Cap. The drop coincides with a wider wave of volatility engulfing the cryptocurrency market, and XRP’s price fluctuations reflect holders’ increasing skepticism.

Glassnode, a leading financial and on-chain data platform, reported the shift in the total realized cap, signaling increasing selling pressure and waning investor conviction. With a waning realized cap and ongoing price fluctuations, the altcoin‘s price might witness a prolonged correction in the short term.

Prior to the drop in realized cap, Glassnode noted that the metric experienced a substantial spike during the massive surge in XRP’s price in February due to news regarding Ripple’s victory in its lawsuit against the United States Securities and Exchange Commission (SEC).

Data from the platform shows that the realized cap almost doubled from $30.1 billion to $64.2 billion, with $30 billion mostly coming from new investors. This short-term increase in capital points to a retail-led impetus, which has now subsided as inflows from new investors have decreased since February.

Taking a look at these investors’ behavior from the New Investor Realized Cap Share metric, holders supply greater than 6 months currently accounts for about 62.8% of the realized cap, which was previously at 23%.

According to Glassnode, this steady concentration of new holders is indicative of significant retail participation. While this might be an encouraging development, it also presents the risk of fragility because many investors have high-cost bases.

Glassnode further delved into XRP’s Profit/ Loss Ratio, highlighting a persistent decline in the metric since January this year. A drop in this measure implies that most holders are presently at a loss. It is often considered a sign of weak conviction, conditions seem more precarious and top-heavy with money being concentrated in new hands.

Will The Altcoin Recover The $3.30 Mark Shortly?

Without a doubt, XRP appears to have lost its bullish momentum, dropping by nearly 50% from its current all-time high. However, crypto analyst and trader Javon Marks claims there is still room for the token to grow as he foresees a potential rebound to the $3.30 level.

Javon Marks stated that the altcoin’s MACD is presently approaching a breaking point in addition to holding a crucial regular bullish divergence. Given the positive development, bulls might make a comeback with dominance and cause prices to resume their current major upward trend to $3.30 and beyond.

Featured image from Shutterstock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist.

Since the introduction of altcoins, after Bitcoin paved the road for them, we have seen many projects give 10x gains in relatively short periods. It has also been accepted that the crypto space oscillates between altcoin and bitcoin seasons, suggesting more investing opportunities down the line.

A deluge of memecoins flooded the market as well, serving as a more robust gambling system (compared to online casinos). As crypto space lost $530 billion market cap over the last 30 days, it is prudent to examine its fundamentals once again.

Is such a concept as ‘altcoin season’ meaningful moving forward? Is there more to cryptos than cyclical speculation? To answer those questions, we must first remind ourselves of narratives past.

The Merge Foreshadowing

During the evolution of the crypto space, Bitcoin became de-facto the only proof-of-work digital asset worth considering, following Ethereum’s The Merge in September 2022. As a transition from proof-of-work (PoW) to proof-of-stake (PoS), The Merge represents a cleavage in blockchain philosophies.

While Bitcoin’s proof-of-work (PoW) requires computational resources, Ethereum’s PoS eliminates such barriers in order to boost transaction speed and efficiency. In other words, Bitcoin further differentiated itself as a store of value, while Ethereum focused more on cost-effective blockchain utility.

At first glance, this may seem perfectly complementary, but there are several underlying problems that eventually reared their heads.

• PoW is more amenable to decentralization contrasted to PoS, which relies on the cumulative wealth of validators in the “rich get richer” feedback loop.
• PoS is divorced from hard assets, such as energy and machines, while Bitcoin is grounded in them.
• And because Bitcoin’s PoW is part physical, part digital, it is less reproducible than PoS as a commitment mechanism. In turn, this contributes to Bitcoin’s network effect and safeguards against devaluation in the long run.

Altogether, the PoW-PoS bifurcation translates into PoS fragmentation. If PoS-based assets, and PoS-based platforms competitive to Ethereum, are more reproducible, they can be launched with minimal upfront costs. With this foundation, there is no single altcoin asset to cling onto. Ultimately, with a low barrier of entry, this led to the fragmentation of the crypto market across +34,000 digital assets.

From the Bitcoin-Ethereum perspective, as the two largest digital assets by market cap, PoS-led fragmentation manifests as a corrosive effect on Ethereum price level.

To put it differently, Bitcoin’s key features, PoW and scarcity, are reinforcing Bitcoin fundamentals. In contrast, Ethereum suffers from network effect erosion from competing PoS chains, which offer similar functionality and incentive structure.

Moreover, the increased complexity outside of Bitcoin is creating a barrier to entry from new capital inflows. Who can spend time filtering thousands of assets and bet that they will have staying power beyond one year? Even sophisticated investors leveraging popular futures trading algorithms often struggle to navigate the fragmented market effectively.

In fact, this is precisely why memecoin mania gained traction. The complexity and fragmentation of the crypto market lends itself to thinking of digital assets outside their fundamentals. Instead, focus is then on celebrity endorsements, humor, viral marketing, which often turns into pump-and-dump schemes.

Inevitably, this creates a negative feedback loop:

1. Crowded and confused altcoin market births memecoins.
2. Rollercoasting memecoins inevitably erode trust in the altcoin market itself.
3. Legitimate innovative projects are then less likely to gain traction, as capital is misallocated.

But there is an even greater problem than that. Let’s assume that this negative feedback loop created by memecoins doesn’t exist. One has to consider if there even is a market for blockchain based solutions, as it was previously imagined.

Erosion of Underlying Fundamentals

Through anti-money laundering (AML) and know-your-customer (KYC) requirements, governments around the world have expended great efforts to subdue the crypto ecosystem. Let’s quickly remind ourselves of key promises before regulative sweeps took place:

Decentralization as elimination of intermediaries – nearly everything is now intermediated through fiat rails, including transfers from self-custodial wallets.

Financial inclusion as access for the unbanked/underbanked – it is still more convenient to use legacy banking than blockchain tech, which is inherently complex and requires digital literacy. According to the latest EMarketer report, cryptocurrency payment penetration is hitting a wall.

Although the number of crypto payment users is expected to rise by 82.1% from 2024 to 2026, this is from a tiny overall population base of only 2.6%. It may very well end up being the case that a digital dollar, a stablecoin like USDT, will subsume this effort entirely in place of a direct CBDC.

Censorship resistance as a guarantee that transactions cannot be reversed or intercepted by governments and organizations. Governments regularly pursue innovative mechanisms to cancel such efforts, from debanking to the persecution of smart contract developers.

Although Treasury sanctions against Tornado Cash were overturned in January, there is little indication that financial privacy will become a human right any time soon. In fact, indicators point in the other direction.

BREAKING: The ECB’s Digital Euro is set to launch in October. Key concerns include:

– Real-time transaction tracking
– Potential for payment blocking
– Automatic tax deductions
– Restrictions on cash withdrawals
– Programmable money with expiration dates

They couldn’t… pic.twitter.com/UvQH750gbl

— Dr. Simon Goddek (@goddeketal) March 9, 2025

Altogether, this friction between blockchain-led solutions and governments leads to a contained market. And if a blockchain-based solution should be deployed, it will be under governments’ terms.

Lastly, the entire concept of Web3 is dubious as a decentralized, blockchain-based iteration of the internet. Elon Musk’s DOGE revelations in the case of USAID funding clearly point to great efforts to push narratives, control narratives, suppress and de-legitimize dissent.

A semantic, censorship-resistant Web3 is fundamentally at odds with governments’ needs to maintain authority and legitimacy as they push various agendas. To think that established information proliferation nodes such as Google, Microsoft and Facebook would be allowed to erode in favor of Web3 would be foolhardy.

Any government needs centralized nodes to maintain power. This was amply demonstrated in the case of the TikTok ban. Although this video reels app is vastly superior to YouTube shorts, a leverage was pulled to sanitize it and make it less relevant.

Again, this is another factor that contains the blockchain space to a micro-niche instead of propelling it into mainstream expansion. With this in mind, blockchain space is still worthy of engagement.

Crypto Projects with Revenue-Generating Staying Power

Bitcoin will likely remain the main focus of crypto investing, owing to its unique, PoW-based network effect. Although the recent White House Crypto Summit was less bullish than expected, it was still positive in the long run. The decision to use seized bitcoins effectively removed this sell pressure from the table.

Likewise, President Trump seems to be serious about ending the “war on crypto”. But looking at the crypto space from a purely innovative solutions perspective, which projects should retail investors consider during steep discounts?

• Sonic (S) – previously FTM, this is the top performing layer 1 blockchain network with sub-second transaction finality. This alone opens up new use cases such as high-frequency trading (HFT), micropayments, in-game economy, DEXs and IoT supply chains.

• Near Protocol (NEAR) – a layer 1 launching pad for dApps that has gained traction for use in AI initiatives.

• The Graph (GRT) – also adjacent to the AI narrative, this protocol indexes data for AI use similar to how Chainlink (LINK) is used by DEXes to power decentralized financial services.

• Hey Anon (ANON) – this early project could be the key in solving DeFi complexity (barrier to entry) by using conversational AI to manage DeFi strategies across chains.

• Render (RENDER) – former RNDR – with AI generation of assets, it is likely this solution will gain demand by monetizing GPU-based distributed rendering.

These five tokens should be considered as long play exposure during crypto market deflation. After all, it is unlikely that AI narrative will subside any time soon.

In terms of top 10 revenue-generation chains during the market slump, crypto activity is clearly on the side of low-friction payment chains (Tron) and general purpose, high-performing chains (Solana, Avalanche). Ethereum still maintains high ranking due to its large market share within the DeFi ecosystem.

In conclusion, what should crypto investors keep in mind moving forward?

Due to inherent friction with governments, digital assets are unlikely to ever penetrate mainstream to a significant extent. But within the contained ecosystem, investors should focus on long term narratives – AI, infrastructure and chain performance.

A truly decentralized Web3 should be understood as a niche play that will be countered by deep pockets of Alphabet (GOOGL), Microsoft (MSFT) and Meta (META), as centralized node extensions of the USG. By the same token, retail investors would do well to expose themselves to their stock options as safer bets.

Mentioned in this article

Bitcoin has reached a crucial moment in its price action following heightened volatility that has overshadowed the entire crypto market, with major digital assets dropping to key support levels. Despite the sharp bearish performance, BTC’s fundamentals remain strong, igniting hope for bullish prospects.

Biggest Price Gap In Bitcoin’s History

As Bitcoin undergoes a lengthy bearish price performance, uncertainty grows around the flagship asset’s next price action in the short term. Alphractal, an advanced investment and on-chain data platform, has identified a huge price gap amid market fluctuations and massive liquidations in recent research on the X platform.

According to the platform, Bitcoin is witnessing the filing of its largest price gap in history, signaling heightened volatility in the crypto market. This gap, which is seen in the CME Bitcoin futures market, indicates an abrupt change in price movement. Such disparity frequently results in a spike in trading activity, with investors and traders responding to the imbalance. 

Over the course of Bitcoin’s existence, Alphractal highlighted that the asset’s price has a tendency to return to areas that have gaps or where there is not much resistance or support.

In the thorough analysis of the Bitcoin Support and Resistance Detection metric, a measure that utilizes advanced algorithms to identify high and low pivots accurately, the platform has underlined key reversal points in the market as the measure.

It is worth noting that lines are drawn from these points in order to highlight high-trading zones that have served as resistance and support areas in the past. Specifically, these gaps are developed because pivots are not present.

However, BTC’s price in the past has returned to these areas, resulting in fresh cycles of consolidation. Compared to past scenarios, Alphractal claims that Bitcoin is currently experiencing the filling of its biggest ever price gap recorded between the $74,000 and $90,000 level. Alphractal considers the massive gap within this price range a “natural market phenomenon.”

A Rebound Imminent Amid BTC’s Price Gap

While BTC’s price gap may indicate heightened volatility, Negentropic, a market expert and co-founder of Glassnode, has addressed the aftermath of the development. The seasoned expert points to an encouraging period after the whirlwind.

Negentropic noted that many traders have exited the market due to the bearish storm, and BTC is threatening to narrow the CME gap between $74,000 and $80,000. However, there is a sense of comfort as Bitcoin’s fundamentals improve, liquidity improves, and network growth rebounds.

Even though this is not enough, Negentropic believes that the market could be nearing a recovery. “Ready to sail with the wind at our back rather than sink into a bear market,” the expert added.

Featured image from Adobe Stock, chart from Tradingview.com