Stalls – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 10 Aug 2025 04:28:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Stalls – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 XRP stalls, but keeps the line at $3.30 after an explosive rally https://earlybirdsinvest.com/xrp-stalls-but-keeps-the-line-at-3-30-after-an-explosive-rally/ https://earlybirdsinvest.com/xrp-stalls-but-keeps-the-line-at-3-30-after-an-explosive-rally/#respond Sun, 10 Aug 2025 04:28:10 +0000 https://earlybirdsinvest.com/xrp-stalls-but-keeps-the-line-at-3-30-after-an-explosive-rally/ In the latest daily technical update posted to X, Cryptowzrd noted that XRP ended the session near indecisiveness. However, it is worth noting that they will continue to take that stance at a $3.3000 resistance level, following the strong bullish rally seen yesterday.

Daily candles stall, but XRPBTC pairs show strength

Cryptowzrd provided a detailed breakdown of the current market setup for XRP, noting that the daily candles were closed due to indecision. Nevertheless, the XRPBTC pair ended the session with a somewhat bullish tone. According to experts, a critical move above 0.0028750 BTC could trigger a quick and impulsive upside-down rally, adding a great deal of momentum from its current position to XRP’s bullish outlook.

He pointed out that the XRP was hovering near a $3.23 resistance level. This is a key zone that may unlock further profits. If this level gives way, the price could move towards the next major resistance at $3.65. Momentum from such breakouts can be amplified when combined with the strength of the BTC market.

Beyond the $3.65 threshold, Cryptowzrd foresees the possibility of XRP surges to a new all-time high of nearly $4.60. He stressed that such a move is likely to be driven by strong and impulsive gatherings supported by buying pressure and increased market enthusiasm. This scenario marks a significant milestone in the current recovery phase of XRP.

XRP

On the downside, $2.80 remains an important daily support level for viewing. Maintaining this support is essential to maintaining the overall bull market structure. Faults below that could change the current outlook, seducing deeper corrections and cooling bullish emotions.

Cryptowzrd confirmed that his attention will remain in the formation of the low time frame chart in the upcoming session. He is particularly focused on identifying the next viable scalp opportunity as his current safe position continues to work in favor of a broader strategy.

Volatility lasts as traders retest $3.23 $3.23

Putting the analysis together, analysts highlighted that XRP’s intraday charts experienced significant volatility on Friday, and are likely to maintain their strength in the short term. Such choppy price actions show both risk and opportunity for short-term traders.

Analysts noted that retesting at the $3.23 level in support could pave the way for another promising long position if a bullish comeback continues. Conversely, a critical breakout that outweighs the $3.23 resistance could push XRP towards the $3.65 resistance zone and provide a clear upside target. For now, Cryptowzrd emphasized the importance of patience, highlighting that the next move should come from a healthy, mature trade setup.

XRP

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(Live) Ethereum, Solana, BNB is better than the crypto market: Best Cryptocurrency to Buy Now as BTC and XRP Stalls https://earlybirdsinvest.com/live-ethereum-solana-bnb-is-better-than-the-crypto-market-best-cryptocurrency-to-buy-now-as-btc-and-xrp-stalls/ https://earlybirdsinvest.com/live-ethereum-solana-bnb-is-better-than-the-crypto-market-best-cryptocurrency-to-buy-now-as-btc-and-xrp-stalls/#respond Sat, 26 Jul 2025 17:07:59 +0000 https://earlybirdsinvest.com/live-ethereum-solana-bnb-is-better-than-the-crypto-market-best-cryptocurrency-to-buy-now-as-btc-and-xrp-stalls/

It’s once again the weekend, and it’s time to look back at what this week has brought to the market and find the best crypto to buy now or next week for non-weekend traders.

After a weekday chop, ETH logoETH ▲0.47%, Sun logoSol ▲3.63%and BNB logoBNB ▲0.96% Conversely, it led with significant benefits BTC logoBTC ▲1.33% and XRP logoXRP ▲2.01%Bitcoin has gone down slightly, and XRP is seeing a sharp drop after violating ATH at the beginning of the week.

Looking back, it may be time to read between the lines. Is the Alt season coming or is it already happening? Will the market continue to pump, or is it time to sell everything?

As Benjamin Franklin says, “By failing your preparation, you are preparing to fail.” So it’s the perfect time to prepare what Crypto has to offer, what to buy, now or next week.

24 hours7d30D1Yeverytime

Explore: Best New Cryptos to Buy Now in 2025

Is Bitcoin still the same, or is Ethereum the best code to buy now?

After $3.8k to $3.53 million inundation, Ethereum posted a profit of 4.2%, particularly due to the connection between the huge ETF influx and the passage of the Genius Bill. Ethereum has spurred Altcoin’s momentum, reporting more than $533 million inflows per day. It’s not easy to think of ETH as the best cipher to buy now.

This week’s modest 0.44% drop in Bitcoin this week may be due to the fact that it went through the consolidation phase. This can be driven by macroeconomic uncertainty or reduced momentum. Despite its historic advantage, Bitcoin has lagged behind altcoins this week, with its advantage level dropping to 60%.

24 hours7d30D1Yeverytime

Meanwhile, Solana recorded a 5.45% increase. This shows its advantage and technical strength in the memecoin market. Its fast and inexpensive transactions drives user base growth and adoption. Solana still struggles to break the top three ciphers, but is still one of the best altcoins to buy.

BNB and XRP showcase the stories of two cities. XRP failed to maintain momentum and fell by 8%, but both violated ATH this week. However, BNB rose 7%, surpassing the crypto market. Binance Coin is undoubtedly one of the top performers of the week. It harnessed the sentiment of the favorable market and solidified its competitiveness.

So… which code is the best to buy now?

Remember:

“By failing your preparation, you are preparing to fail.”

Discover: 9+ Best High Risk, High Reward Crypto Buy in 2025

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Akiyama Felix

by Akiyama Felix

Stablecoins’ market capitalization is exploding. Fiat-based crypto market capitalization is now at over $270 billion, with an increase in trading volume of $117 billion.

What does that mean?

This means that more money is poured into the code. Stablecoin is a way to bridge the gap between Fiat and Crypto, providing stable value within the digital asset space. Can be used to buy and sell crypto.

Now more money flows into the cryptocurrency and people are adding to the liquidity of the cryptocurrency by keeping it stable. People want to enter the market and are ready to move Fiat to something stable. Ready to buy the market at the fast pace that Stablecoins offers.

So… prepare for the alto season.

Discover: 9+ Best High Risk, High Reward Cryptographs to Buy This Altseasons

Akiyama Felix

by Akiyama Felix

Enchanting I just dropped this fact:

Bitcoin is free money and will improve the lives of all Americans. Easier, faster, cheaper transactions.

That’s true, but…

Bitcoin is not the cheapest. According to the latest data, the average trading fee for Bitcoin is around $1.4.

cheap?

Probably not.

(sauce))

Now, imagine that you have to pay $2 for a cheeseburger and spend more than half of the cost of that burger just for the transaction fee. That alone is safe to say that Bitcoin needs Layer-2 and needs to remove that transaction fee to Penny.

Bitcoin Hyper is a powerful tool that can surpass liquidity regulations as the first and only Bitcoin Layer 2 solution.

Most liquidity regulations allow users to exchange one chain for another, but Layer 2 addresses things that cannot be replaced by a mainnet. Layer 2 is the most important thing Basic Chain needs: Speed, cost, and accessibility.

Hmm… Bitcoin Hyper could be one, it could be the best code to buy now.

Want to know more? Connect with Bitcoin Hyper Community with Telegram and X.

Click here to visit the Bitcoin Hyper website

Akiyama Felix

by Akiyama Felix

Meanwhile, ETH appears stronger against BTC, and BTC’s dominance level is still declining. As CZ says, Altseason comes.

(ETH/BTC))

(btc.d))

Akiyama Felix

by Akiyama Felix

Find the best code to buy now.

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Felix Akiyama is a true veteran who comes from the 2018 code class. The former visual effects artist turned his attention to Esmaxy, who loves OnChain Degen and Vitalic. Felix is worth noting that he is one of the few people in the VFX world… Read more

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Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K? https://earlybirdsinvest.com/bitcoin-stalls-after-rally-will-it-blast-through-125000-or-slip-back-to-110k/ https://earlybirdsinvest.com/bitcoin-stalls-after-rally-will-it-blast-through-125000-or-slip-back-to-110k/#respond Sun, 13 Jul 2025 22:33:19 +0000 https://earlybirdsinvest.com/bitcoin-stalls-after-rally-will-it-blast-through-125000-or-slip-back-to-110k/

After a powerful breakout last week that pushed Bitcoin into a new all-time high of $118,667, the world’s leading cryptocurrency appears to be taking a breather. As of the time of writing, Bitcoin is trading around $117,953, slightly below its recent peak. The move followed a string of consecutive daily gains as bullish momentum swept across the crypto industry.

In a technical analysis shared on the TradingView platform, crypto analyst RLinda pointed out two scenarios that may play out over the coming days and weeks, depending on how Bitcoin reacts to nearby resistance and support levels.

Related Reading

Support Zones Could Affect Bitcoin’s Next Big Move

RLinda’s technical analysis begins with identifying the significance of Bitcoin’s recent all-time high. Although Bitcoin has entered what seems to be a consolidation phase, there’s no confirmed top just yet. The market structure still favors bullish continuation, especially considering Bitcoin is just coming out of a prolonged two-month consolidation zone and entering a realization phase.

According to the 1-hour candlestick price chart, Bitcoin is currently trading just above a support area below $117,500. If Bitcoin fails to hold this zone, the leading cryptocurrency could kick off a cascade of corrections that could drive the price to $115,500, then potentially to $114,300, and even back to the previous all-time high of $111,800. 

Below that, the 0.5 and 0.705 Fibonacci levels around $113,031 and $111,960 respectively may act as temporary cushions. The last major defensive buy zone is around $110,400, where bulls may step in for a bounce. Basically, what this means is that if Bitcoin loses the support level at $115,500, it could slip back to $110,000 before encountering another strong buy support zone.

Image From TradingView: RLinda

Bitcoin To $125K, But It Must Breach Resistance First

On the other hand, Bitcoin can still push above $118,000 and increase to $125,000, but only under certain conditions. The condition of the rally’s continuation depends primarily on Bitcoin registering a decisive daily close above $118,400 and $118,900. In her words, a daily close above these price levels would hint at a “breakout of structure.” This, in turn, would confirm a transition from consolidation into another impulsive phase upward.

BTCUSD currently trading at $117.873. Chart: TradingView

In essence, both the bearish and bullish outlooks depend on how Bitcoin reacts at any of the important zones, either support at $116,700 or resistance above $118,400 before making a directional move. However, it is important to note that the consolidation after last week’s rally could last for weeks or even months, much like we’ve seen in previous rallies this cycle.

According to the Long-Term Holder Net Unrealized Profit and Loss (NUPL) metric from Glassnode, Bitcoin’s current level of long-term profitability sentiment is at 0.69. This is notably below the 0.75 mark associated with euphoric market conditions, despite Bitcoin having just printed a new all-time high.

Image From X: Glassnode

Related Reading

Bitcoin spent around 228 days above the 0.75 euphoria threshold in the previous bull market cycle. In contrast, this current cycle has only seen about 30 days above that level, which suggests long-term holders have not yet fully exited into profit and the leading cryptocurrency hasn’t reached overheated conditions.

Featured image from Unsplash, chart from TradingView

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Asia Morning Briefing: BTC Stalls at 105K as Analyst Says Market Looks 'Overheated' https://earlybirdsinvest.com/asia-morning-briefing-btc-stalls-at-105k-as-analyst-says-market-looks-overheated/ https://earlybirdsinvest.com/asia-morning-briefing-btc-stalls-at-105k-as-analyst-says-market-looks-overheated/#respond Mon, 02 Jun 2025 01:42:52 +0000 https://earlybirdsinvest.com/asia-morning-briefing-btc-stalls-at-105k-as-analyst-says-market-looks-overheated/

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Bitcoin

is trading above $105K as Asia begins its business week. The world’s largest digital asset remained relatively stable over the weekend, with a 0.4% movement, and trading volume was compressed.

While overall market conditions remain bullish, a new report from CryptoQuant suggests that certain metrics indicate the BTC market is “overheating.”

The report shows bitcoin demand has climbed to 229,000 BTC over the past 30 days, approaching the December 2024 peak of 279,000 BTC. At the same time, whale-held balances have risen by 2.8 percent, a pace that often signals slowing accumulation.

These indicators suggest the current rally, which pushed prices to a record $112,000, may be nearing a short-term top.

The report highlights $120,000 as the next major resistance level, tied to the upper band of the Traders’ On-chain Realized Price, where unrealized profits would hit 40 percent, a threshold that has historically marked local tops.

While CryptoQuant’s “Bull Score Index” remains strong at 80, signaling continued bullish momentum, rising profit margins, and peaking demand growth suggest traders may face a period of consolidation before the next leg higher.

(CoinDesk)

News Roundup:

James Wynn Gets Liquidated, But Says He’ll ‘Run it All Back’

James Wynn, a trader renowned for his aggressive, high-leverage bets on Hyperliquid, has been fully liquidated, leaving him with just $23 in his account after sustaining losses totaling more than $17 million, CoinDesk previously reported.

Wynn, who attracted significant attention with trades involving bitcoin, memecoins like PEPE, and even obscure tokens such as FARTCOIN, first faced steep declines from a massive $1.25 billion long position on BTC, resulting in a loss exceeding $37 million after prices dipped below $105,000 amid geopolitical turmoil.

Throughout the volatile month, Wynn rapidly cycled through trades, briefly netting an unrealized gain of $85 million before market swings wiped him out completely. An account associated with Wynn downplayed the dramatic liquidation, defiantly stating on X: “I’ll run it back, I always do. And I’ll enjoy doing it. I like playing the game. I took a large and calculated bet at making billions.”

Brazil’s Méliuz Shares Sink 8% After Announcing $78M Equity Raise to Buy Bitcoin

Brazilian fintech Méliuz plans to raise up to $78 million through a public equity offering, intending to allocate all proceeds to purchasing Bitcoin and positioning the cryptocurrency as a primary strategic asset in its treasury, CoinDesk previously reported.

However, Méliuz’s strategy hasn’t impressed the market yet, as shares dropped more than 8% following the announcement. The initial offering includes 17 million common shares, with the potential to expand up to 51 million, and investors will receive subscription warrants allowing future stock purchases at set prices.

Known for its cashback and financial services platform serving over 30 million users, Méliuz currently holds 320.2 BTC, having previously committed 10% of its cash reserves to Bitcoin in March. Trading for the subscription warrants is expected to commence on June 16, with share settlement and warrant issuance finalized by June 18.

NYC Comptroller Rejects Mayor Adams’ ‘BitBond’, Warns Deviating from Dollar Could Undermine City’s Credit Reputation

New York City’s Comptroller Brad Lander sharply criticized Mayor Eric Adams’ plan to issue municipal bonds backed by bitcoin, labeling the proposed “BitBond” as “legally dubious and fiscally irresponsible,” CoinDesk previously reported.

Lander rejected the idea just days after Adams introduced it at a bitcoin conference in Las Vegas, emphasizing that cryptocurrency’s instability makes it unsuitable to reliably fund critical city projects such as infrastructure and affordable housing.

Mayor Adams has actively promoted cryptocurrency initiatives since entering office, including converting his own paychecks into digital assets and establishing a digital asset advisory council.

However, Comptroller Lander highlighted serious practical concerns with the BitBond proposal, noting federal tax laws and city financial regulations would make the proposal unworkable, and warned that deviating from the dollar-based municipal borrowing system could undermine investor confidence and New York City’s credit reputation.

Market Movements:

  • BTC: Bitcoin showed resilience, staging a V-shaped recovery between $103,813.37 and $105,305.75 amid notable volume spikes.
  • ETH: Ethereum formed a bullish reversal pattern, rebounding from strong support at $2,472.84 to $2,527.53 amid high-volume buying momentum, according to CoinDesk’s Market Insight Bot.
  • Gold: Gold climbed 0.6% to $3,311.66, as traders weighed its recent retreat from record highs against ongoing investor and central bank appetite driven by uncertainty over US tariffs and broader economic risks.
  • Nikkei 225: Japan’s Nikkei 225 dropped 0.89% as Asia-Pacific markets traded mixed following Trump’s announcement of increased steel tariffs.
  • S&P 500 Futures: Stock futures dipped Sunday to start June after the S&P 500’s strongest month since November 2023, amid uncertainty over President Trump’s tariffs following recent contradictory court rulings.

Elsewhere in Crypto:

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Bitcoin stalls near record highs amid derivative pressures but breakout potential remains https://earlybirdsinvest.com/bitcoin-stalls-near-record-highs-amid-derivative-pressures-but-breakout-potential-remains/ https://earlybirdsinvest.com/bitcoin-stalls-near-record-highs-amid-derivative-pressures-but-breakout-potential-remains/#respond Sat, 17 May 2025 01:25:01 +0000 https://earlybirdsinvest.com/bitcoin-stalls-near-record-highs-amid-derivative-pressures-but-breakout-potential-remains/

Bitcoin (BTC) continues to exhibit on-chain strength despite a prolonged period of price compression between $100,000 and $105,000. 

According to Fidelity Digital Assets’ VP of research, Chris Kuiper, the flagship crypto remains in its “Acceleration Phase,” a period characterized by elevated wallet profitability and volatility, even as derivatives activity dampens upward momentum.

Bitcoin closed at $104,119 on May 13, with 99% of addresses in profit. Fidelity data shows that 10 days in May have qualified as high-profit, high-volatility sessions. Historically, this phase has aligned with breakout movements, including the surge that followed the US election in late 2020. 

Despite these conditions, Bitcoin has been unable to decisively breach its upper resistance levels, with closing prices largely contained within a narrow $94,000 to $104,000 band throughout the first half of May.

Derivatives activity creating headwinds

According to a May 16 report by CryptoQuant contributor Darkfost, the restrained price action stems from structural pressures in the derivatives market.

The report highlighted that cumulative net taker volume, a measure of aggressive trading flow, has remained negative since Bitcoin reclaimed the $100,000 level. This imbalance shows that short positions have outweighed longs, generating sustained selling pressure. 

The bearish positioning indicates that traders are skeptical of a near-term move to new all-time highs and are actively betting against further upside. As long as this imbalance persists, Bitcoin’s upward potential remains capped despite favorable conditions in spot and on-chain markets.

Price stagnation in the presence of bullish fundamentals is not unprecedented. However, even strong network signals can be muted temporarily when derivative flows overpower spot accumulation. 

The current divergence between derivatives activity and on-chain profitability highlights the friction in Bitcoin’s price discovery process.

Bitcoin volatility hits record low vs. gold

Bitcoin’s muted price movement has also resulted in a historic compression of volatility, which has hit levels last seen more than 10 years ago.

VanEck’s head of digital assets research, Matthew Sigel, noted on May 16 that Bitcoin’s 30-day volatility has dropped below gold’s for the first time since data tracking began. 

Based on Bloomberg terminal metrics, the BBR/GC1 ratio is now at 0.857, its lowest level over a decade.

While derivatives positioning remains a near-term barrier, historical patterns suggest that prolonged periods of volatility suppression have often preceded large directional moves. 

Whether that materializes again depends on shifts in taker flow, macro conditions, and liquidity conditions.

Bitcoin Market Data

At the time of press 1:56 am UTC on May. 17, 2025, Bitcoin is ranked #1 by market cap and the price is down 0.55% over the past 24 hours. Bitcoin has a market capitalization of $2.05 trillion with a 24-hour trading volume of $44.01 billion. Learn more about Bitcoin ›

Crypto Market Summary

At the time of press 1:56 am UTC on May. 17, 2025, the total crypto market is valued at at $3.28 trillion with a 24-hour volume of $109.93 billion. Bitcoin dominance is currently at 62.52%. Learn more about the crypto market ›

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Bitcoin Correction Incoming As Stock Market Recovery Stalls, According to Jason Pizzino – Here’s His Outlook https://earlybirdsinvest.com/bitcoin-correction-incoming-as-stock-market-recovery-stalls-according-to-jason-pizzino-heres-his-outlook/ https://earlybirdsinvest.com/bitcoin-correction-incoming-as-stock-market-recovery-stalls-according-to-jason-pizzino-heres-his-outlook/#respond Fri, 09 May 2025 00:53:55 +0000 https://earlybirdsinvest.com/bitcoin-correction-incoming-as-stock-market-recovery-stalls-according-to-jason-pizzino-heres-his-outlook/

A widely followed crypto analyst is warning that Bitcoin (BTC) may see a market correction if the stock market recovery stalls out.

In a new video update, crypto strategist Jason Pizzino tells his 350,000 YouTube subscribers that S&P 500 (SPX) may dip lower in the second quarter and drag Bitcoin down with it, based on BTC’s historic correlation with stocks.

Pizzino suggests the SPX may swing lower in the second quarter based on its historic performance pattern.

“I’ve got our 20-year line on the [S&P 500] chart here, and we’re just using this to look at the swings of a market…

With that in mind, you can see we’ve had a similar event here starting from about December into these peaks of February, running down into April, and then May has this little bit of a drop, along with June also having a correction. It gets a bit messier through the second half of quarter two and quarter three, then things start to get a little bit cleaner towards quarter four. And that’s why I’m still considering that Bitcoin does have a correction in quarter two. We’ve been up for a few weeks here. Generally, we’ll get some sort of correction.”

Source: Jason Pizzino/YouTube

Pizzino also says that Bitcoin may gain bullish momentum based on its historic inverse correlation with the US dollar index (DXY), as more investors may be treating the flagship crypto asset as a safe-haven asset similar to gold.

The DXY, which has been declining, pits the USD against a basket of other major foreign currencies.

“There’s a strong downtrend for the US dollar. It has paused here. So that’s not a bad sign at the moment, especially with Bitcoin still going up. US dollar pausing, could see some further strength for BTC in the coming weeks, after any sort of correction.”

Source: Jason Pizzino/YouTube

Bitcoin is trading for $97,346 at time of writing, flat on the day.

 

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GENIUS Act stalls in Senate, lawmakers eye new proposal next week https://earlybirdsinvest.com/genius-act-stalls-in-senate-lawmakers-eye-new-proposal-next-week/ https://earlybirdsinvest.com/genius-act-stalls-in-senate-lawmakers-eye-new-proposal-next-week/#respond Thu, 08 May 2025 20:44:25 +0000 https://earlybirdsinvest.com/genius-act-stalls-in-senate-lawmakers-eye-new-proposal-next-week/

The Senate denied the motion to invoke cloture on the motion to consider the GENIUS Act bill, which aims to regulate stablecoins in the US.

The decision came with a one-vote difference, as 49 Democrat senators denied the motion against 48 favorable votes. 

Senate Majority Leader John Thune accused Democrats of using the filibuster for the fourth time in 2025, adding that the reason is unknown.

Thune said:

“This is a bipartisan issue. This is a bipartisan bill. And it had a bipartisan process from the very beginning. If the Democrats were interested in further changes, as they claim, they would have the chance to make those changes on the floor. All they had to do was vote for cloture.”

Senator Tim Scott said the motion’s rejection was an obstruction of innovation, claiming that Democrats and Republicans missed an opportunity to unite “in an American way to deliver real change for Americans.”

Treasury Secretary Scott Bessent stated that the Senate missed an opportunity to provide “American leadership,” which he deemed necessary for crypto to thrive globally.

Bessent added:

“This bill represents a once-in-a-generation opportunity to expand dollar dominance and US influence in financial innovation. Without it, stablecoins will be subject to a patchwork of state regulations instead of a streamlined federal framework that is more conducive to growth and competitiveness.”

Senator Cynthia Lummis shared her discontentment on an X statement, saying she was “deeply disappointed” by the vote’s result. 

She added:

“Make no mistake, digital assets are the future, and America must lead the way. I want to thank President Trump, Sen. Gillibrand, Leader Thune, Chairman Scott, and Senator Hagerty for their leadership and unwavering commitment to keeping digital asset companies and jobs onshore.”

GENIUS Act temporarily delayed

Galaxy Digital head of research Alex Thorn said the “hope is that a new version of the bill will be introduced as soon as Monday to try again.”

Digital Chamber head of government affairs Taylor Barr said the denial of the cloture motion is not the end, adding that it doesn’t change that “digital assets are here to stay.”

Variant Fund chief legal officer Jake Chervinsky said the decision “isn’t no, just not yet.” He added that there are many reasons why the legislation was not passed on May 8, but more bipartisan work can address these issues.

Solana Policy Institute CEO Miller Whitehouse-Levine echoed the belief in a positive outcome from a bipartisan effort, saying it will “get the GENIUS Act over the finish line.”

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Dogecoin Stalls After 42 Days Of Flat Price Action — Is A Breakdown Coming? https://earlybirdsinvest.com/dogecoin-stalls-after-42-days-of-flat-price-action-is-a-breakdown-coming/ https://earlybirdsinvest.com/dogecoin-stalls-after-42-days-of-flat-price-action-is-a-breakdown-coming/#respond Mon, 21 Apr 2025 13:27:25 +0000 https://earlybirdsinvest.com/dogecoin-stalls-after-42-days-of-flat-price-action-is-a-breakdown-coming/

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Dogecoin’s chart has turned into what independent market analyst Kevin calls “literally doing nothing” for almost a month and a half. In a broadcast on X, the veteran technician recounted that the memecoin’s last decisive move was a sharp sell‑off more than six weeks ago; since then price has compressed into a narrow band, threatening to lose the structural support it reclaimed at the end of March.

Dogecoin Momentum Still Weak

Kevin has been monitoring the same horizontal levels for “weeks.” The upper bound of the range is the post‑bear‑market breakout retest around $0.156, while the key Fibonacci retracement “macro 0.382” sits lower at $0.138 — a zone he has repeatedly described as his “line in the sand.” Only a weekly candle close beneath that level would convince him that the rally that began in late 2023 has fully broken down. “If Dogecoin breaks $0.138 on weekly closes, then it’s probably over,” he cautioned.

Dogecoin price analysis
Dogecoin price analysis, 3-day chart | Source: X @Kev_Capital_TA

Momentum signals are failing to provide early confirmation either way. Commenting on the much‑watched 3-day MACD, Kevin pushed back against social‑media claims that a bullish cross is already in play. “People don’t know how to read this indicator properly,” he said. “Technically, yes, by definition it’s a cross, but it’s really not a cross […] You have to have expansion of the moving averages in order to have a confirmed cross.” Without that expansion, he warned, the fledgling uptick in the histogram could “easily just roll right over.”

Dogecoin / USD 3-day MACD
Dogecoin / USD 3-day MACD | Source: X @Kev_Capital_TA

With spot price inertia now stretching to 42 days, risk‑reward has compressed as well. Kevin frames the decision tree in stark terms: hold the $0.156–$0.138 congestion and Dogecoin keeps its constructive medium‑term structure; lose it and traders must look down to the psychological $0.10 shelf. Even there, he sees only the possibility of a counter‑trend bounce toward $0.25–0.26.

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The broader-market backdrop offers little immediate relief. Using Bitcoin as a leading indicator, Kevin reminds viewers that the entire complex remains in what he calls a “major correctional phase,” triggered when the three‑day MACD crossed down in January 2025. Historical study of Bitcoin’s macro pullbacks suggests they persist “anywhere from 114 to 174 days,” he noted.

“They operate the same way no matter what the economic circumstances are. They last anywhere from 114 to 174 [days]. Every single time whether it’s a bear market [or] bull market. Bad news, good news doesn’t matter. They always last the same amount of time. 174 days being the longest in history, 114 days being the average of every correct major correctional period in history,” Kevin explained.

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Should Bitcoin fail to defend $70,000, he argues, odds of a fresh all‑time high in the short run would be quite low. “If Bitcoin breaks $70,000 and goes into the $60,000’s, we’re gonna get a huge bounce out of there. You get a huge countertrend rally. Everything will look rosy again, but the chances are that it makes a new high very slim. Same goes for Dogecoin. If dogecoin comes down to this $0.10 level and it gets a bounce, maybe it comes like a big counter trend rally back up to like $0.25 or $0.26 and then it just rolls over and that’s the end,” Kevin stated.

For Dogecoin, therefore, the next decisive signal is likely to be a hard break of the $0.156–$0.138 corridor or a confirmed momentum resurgence on the higher‑time‑frame MACD — whichever comes first. Until then, the asset remains trapped in Kevin’s words: “We’ve done nothing… there’s not much to talk about.”

At press time, DOGE traded at $0.1621.

Dogecoin price
DOGE bounces from the trend line, 1-day chart | Source: DOGEUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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Trump delays TikTok ban another 75 days after China stalls divestment deal following tariffs https://earlybirdsinvest.com/trump-delays-tiktok-ban-another-75-days-after-china-stalls-divestment-deal-following-tariffs/ https://earlybirdsinvest.com/trump-delays-tiktok-ban-another-75-days-after-china-stalls-divestment-deal-following-tariffs/#respond Sun, 06 Apr 2025 00:49:27 +0000 https://earlybirdsinvest.com/trump-delays-tiktok-ban-another-75-days-after-china-stalls-divestment-deal-following-tariffs/

In a nutshell: Chinese-owned TikTok faced a US ban on April 5 unless it could divest its American operations to a stateside buyer. The Trump administration was reportedly finalizing a deal involving several investors, but Beijing withdrew in response to new US-imposed tariffs, prompting the White House to extend the deadline.

President Trump recently signed an executive order to extend the delay on TikTok’s US ban for another few months as negotiations to sell the Chinese-owned social network to American investors continue. The President claimed that the deal had seen “tremendous progress,” but his recent sweeping “Liberation Day” tariffs reportedly pushed the Chinese government to stop the deal.

Sources told the AP and Reuters that TikTok owner ByteDance and the White House were finalizing an investment deal with multiple US companies that would leave ByteDance with a 20 percent stake. The identities of the American buyers remain undisclosed. However, previous reports mention private equity firm Blackstone, tech giant Oracle, Amazon, mobile app platform AppLovin, OnlyFans founder Tim Stokely, and others.

On April 2, Trump introduced historic tariffs on many countries. The lengthy list, which experts have described as a “nuclear bomb” on international trade, includes new taxes on imported Chinese goods that increase total anti-China tariffs to 54 percent. In response, Beijing signaled to ByteDance that it wouldn’t approve TikTok’s divestment until it could renegotiate the duties.

Congress passed a law banning TikTok in the US last year for national security reasons. However, President Trump, reversing the stance from his first term, extended the deadline days after taking office to allow time for a sale.

Many fear that the social network could put the personal data of its over 170 million American users into Beijing’s hands or make them vulnerable to Chinese propaganda. Still, support for a ban has subsided considerably over the past two years.

Trade groups expect the new US tariffs to disrupt the global economy, upending a trade paradigm that has lasted for decades. Virtually everything Americans buy, including computers and other electronics, could see substantial price hikes.

As markets have lost trillions of dollars over the past few days in the worst performance since the pandemic, tech companies such as AMD, Dell, and HP experienced almost 10-percent declines. Although semiconductors aren’t affected yet, new incoming tariffs might also target them.

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Bitcoin Cup And Handle Breakout Stalls Below $115K Goal, Analyst Notes https://earlybirdsinvest.com/bitcoin-cup-and-handle-breakout-stalls-below-115k-goal-analyst-notes/ https://earlybirdsinvest.com/bitcoin-cup-and-handle-breakout-stalls-below-115k-goal-analyst-notes/#respond Mon, 24 Mar 2025 01:28:09 +0000 https://earlybirdsinvest.com/bitcoin-cup-and-handle-breakout-stalls-below-115k-goal-analyst-notes/

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Bitcoin is currently trading in a tight range between short-term supply and demand, following weeks of heavy selling pressure that sent shockwaves through the broader crypto market. After losing over 29% since its January all-time high, BTC is now searching for direction. Bulls must step up and reclaim the $90,000 level to restore confidence and confirm the start of a recovery rally. Until then, uncertainty remains the dominant theme.

Adding to this cautious sentiment is the broader macroeconomic backdrop, with trade war fears and global financial instability weighing heavily on investor confidence. Volatility in equities and geopolitical tensions have spilled into the crypto space, making it harder for Bitcoin to establish a clear trend.

Top crypto analyst Ali Martinez shared a technical analysis on X, revealing that Bitcoin may have completed a classic cup-and-handle formation, topping at around $109,000. However, this doesn’t necessarily signal further downside. Instead, it highlights that Bitcoin is currently without a defined direction.

For now, Bitcoin is holding its ground, but whether the next move is a breakout or a breakdown will depend on how the market responds in the days ahead.

Bitcoin Faces A Pivotal Test After 13% Rebound

Bitcoin has quietly rallied over 13% since its March 11 low near $76,600, with bulls now setting their sights on reclaiming the $88,000 level. This recent surge has brought cautious optimism to the market, but the path ahead remains uncertain. Bitcoin is currently facing a critical technical and psychological test, as it struggles to recover from a sharp downtrend that began after its January all-time high.

Investor sentiment has been mixed. Many entered 2025 with expectations of a strong bull run, but recent price action and growing macroeconomic concerns have prompted some analysts to call for the start of a bear market. According to Martinez, Bitcoin may have already completed a classic cup-and-handle pattern, topping out around $110,000—just $5,000 shy of the expected $115,000 target. If this technical blueprint holds true, the current correction may simply be part of a broader consolidation phase.

Bitcoin completes cup-and-handle pattern | Source: Ali Martinez on X
Bitcoin completes cup-and-handle pattern | Source: Ali Martinez on X

This view aligns with the idea that Bitcoin needs to stabilize before its next major move. Bulls must defend current levels and build momentum to push past the $90,000 barrier. Until then, BTC appears to be in a holding pattern, caught between the hope for a resumed uptrend and the fear of deeper downside risk.

BTC Price Hovers At $84K As Bulls Face Critical Resistance

Bitcoin is currently trading at $84,100 after several days of tight consolidation and slow price action around this level. Market participants are closely watching this range, as it represents a key short-term battleground between bulls and bears. For any meaningful recovery to take place, bulls must reclaim the $87,300 level, which aligns with both the 4-hour 200-day moving average (MA) and the 4-hour 200-day exponential moving average (EMA).

BTC testing resistance around $84K | Source: BTCUSDT Chart on TradingView
BTC testing resistance around $84K | Source: BTCUSDT Chart on TradingView

A decisive move above these indicators would likely spark a renewed push toward the $90,000 level, a psychological and technical barrier that could confirm the beginning of a short-term bullish trend. However, failure to reclaim $87,300 and maintain strength above $84,000 could tip the balance in favor of the bears.

If BTC loses the $84,000 support, the next likely target sits below $81,000, where lower demand zones could come into play. This would reinforce the ongoing uncertainty in the market and raise the risk of a deeper correction. As traders await direction, all eyes are on BTC’s ability to reclaim momentum and flip resistance into support. The next few sessions could be pivotal for Bitcoin’s short-term price structure.

Featured image from Dall-E, chart from TradingView 

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