Tag Archives: coinmarketcap

ICP Builder Explains What Caused the XRP Price Glitch to $91 on Kraken

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To make his point clear, he presented an instance using the smallest unit of XRP. Notably, XRP has smaller units called drops, with 1 drop equaling 0. 000001 XRP. Now that XRP costs $2. 2 for one full token, a drop (0. 000001 XRP) has a worth of $0. 0000022. Grissom explained that if, instead of paying $0. 0000022 for 1 drop of XRP, someone bought the drop for $0. 01, the system would treat that as if the buyer paid $10,000 for a full XRP. This is because paying $0. 01 for 1 drop of XRP instead of the $0. 0000022 price translates to a cost of $10,000 for 1 full XRP token. The pundit then compared this tiny purchase to the remaining part of a hypothetical order of five XRP, or five million drops, bought at normal market levels. Specifically, at $2. 50 per XRP, this portion would cost $12. 50. Together, the entire position would come to roughly 5. 000001 XRP purchased for $12. 51. This creates an average cost of $2. 502 per XRP. Grissom stressed that the tiny high-priced drop barely changes the average because it makes up only a cent of the total purchase. Essentially, when the system blends it with the rest of the order, the extreme price essentially disappears. This shows how a small, irregular fill within a much larger transaction could create an inflated price print on an exchange, even when it holds no real impact on the buyer’s actual position. Previous Cases of XRP Price Glitch Notably, the brief surge on Kraken is only the latest on a long list of cases involving dramatic pricing errors for XRP. For instance, in January 2019, a display issue on Coinbase momentarily showed XRP trading at an unbelievable $7,308. Also, CoinMarketCap and Coinbase both showed XRP at an impossible $161 million in December 2021. Another instance occurred around August 2023, as Gemini users suddenly saw XRP appear to hit $50 shortly after the American exchange listed it. A separate glitch in October 2023 caused CoinMarketCap to list XRP at $34,603. Meanwhile, another error a year later led Binance to show XRP at $5,791, while in March 2025, another anomaly saw the ticker on Real America’s Voice mistakenly display XRP at $21, 000. These recurring glitches have led to speculation among some XRP supporters, who believe something deeper might be behind them, including claims that XRP trades well below its true value. However, those ideas fall apart once you consider that several glitches have also shown extremely low fake prices, not just unusually high ones. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
https://thecryptobasic.com/2025/11/20/icp-builder-explains-what-caused-the-xrp-price-glitch-to-91-on-kraken/

Arthur Hayes Warns of Bitcoin Decline Amidst Liquidity Contraction

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Arthur Hayes, co-founder of BitMEX, recently predicted a potential Bitcoin downturn due to reduced ETF inflows and a contraction of dollar liquidity, impacting cryptocurrency markets globally. This indicates growing market caution and challenges in sustaining institutional interest, potentially causing further volatility in major cryptocurrencies like Bitcoin and Ethereum. Arthur Hayes on Bitcoin’s Liquidity Challenges Arthur Hayes expressed concerns about Bitcoin’s performance linked to the contraction of dollar liquidity and ETF inflows. Hayes, after selling over $7. 4 million in crypto in mid-November 2025, argues that Bitcoin may lack the support needed to sustain institutional buying, given current negative liquidity conditions. According to Hayes, “ETF inflows and corporate treasury purchases, which previously supported Bitcoin, have weakened. This sentiment is insufficient to sustain institutional investors’ purchases of ETFs.” More insights on Hayes’ perspectives can be tracked through his activities on Twitter. Market dynamics show a change, with ETFs and Digital Asset Trusts trading below mNAV, reducing institutional interest in these products. Hayes believes this signals an end to the liquidity influx that previously supported Bitcoin, prompting a market reassessment. The crypto community reacts with mixed opinions, ranging from cautious optimism to concerns of a market correction. Arthur Hayes’ moves and predictions have drawn significant attention with many viewing his actions as a response to evolving market challenges. Analyzing Bitcoin’s Price Movements Amid Liquidity Contraction Did you know? Bitcoin’s price fluctuations have historically coincided with macroeconomic shifts, similar to 2022’s liquidity contraction which led to increased volatility and testing of historical price supports. As of November 18, 2025, Bitcoin (BTC) is priced at $90,384. 54, with a market cap of $1. 80 trillion. In recent movements, its price has decreased by 5. 18% over the past 24 hours, with a seven-day fall of 15. 03%. The trading volume sits at $103. 00 billion, as reported by CoinMarketCap.
https://bitcoinethereumnews.com/bitcoin/arthur-hayes-warns-of-bitcoin-decline-amidst-liquidity-contraction/

BitMine Increases Ethereum Holdings Amid Market Volatility

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**BitMine’s Strategic Ethereum Acquisition Aims to Boost Institutional Finance Presence**

BitMine, under the leadership of Tom Lee and new CEO Chi Tsang, has recently made a significant move to increase its Ethereum holdings. This acquisition is central to BitMine’s strategy to bolster Ethereum’s role in institutional finance, despite mixed market reactions and potential liquidation risks.

### BitMine’s 34% Ethereum Acquisition During Market Downturn

Amid a period of volatility in the cryptocurrency market, BitMine has aggressively expanded its Ethereum portfolio, aiming to position itself at the forefront of the financial industry’s interest in blockchain developments. The company has acquired a total of 3.5 million ETH, which represents approximately 2.9% of the current circulating Ethereum supply.

This move signals BitMine’s ambition to consolidate its influence in the market, setting a bold target of owning 5% of the total Ethereum supply. The acquisition comes despite a recent 13.4% decline in ETH prices, reflecting a strategic approach similar to past accumulation tactics seen in the crypto sphere—reminiscent of MicroStrategy’s well-known Bitcoin accumulation.

Tom Lee, Chairman of BitMine Immersion Technologies, commented on the purchase:
*“The recent dip in ETH prices presented an attractive opportunity and BitMine increased its ETH purchases this week. We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH.”*

### Ethereum Market Performance and Institutional Interest

Ethereum continues to see growing adoption within institutional finance, underscoring its increasing importance in the blockchain ecosystem. However, the market is experiencing fluctuations that manifest in varying performance metrics.

According to CoinMarketCap, Ethereum (ETH) is currently valued at $3,196.09, with a market capitalization of approximately $385.76 billion and a market dominance of 11.85%. The cryptocurrency saw a 0.65% increase in 24-hour trading volume, but longer-term trends indicate challenges, including a 29.06% decline over the past 60 days. Additionally, daily trading volumes have seen substantial reductions, highlighting ongoing volatility in the market.

Despite these market headwinds, BitMine’s strategic acquisition underscores a strong institutional belief in Ethereum’s long-term potential and its growing role in shaping the future of decentralized finance.
https://bitcoinethereumnews.com/ethereum/bitmine-increases-ethereum-holdings-amid-market-volatility/

BitMine Appoints Chi Tsang as CEO Amid Leadership Reshuffle

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**BitMine Immersion Technologies Appoints Chi Tsang as CEO, Targets 5% of Ethereum Supply**

BitMine Immersion Technologies has announced a significant leadership shift with the appointment of Chi Tsang as Chief Executive Officer, along with three new board directors on November 14. This move comes as the Ethereum-focused firm looks to redefine its strategy in the digital asset industry.

**Leadership Overhaul to Strengthen Ethereum Strategy**

With Chi Tsang taking over from former CEO Jonathan Bates, BitMine is reinforcing its commitment to becoming a major institutional force within the Ethereum finance landscape. The new leadership team is expected to bring fresh insights and strategic direction as BitMine aims to increase its Ethereum holdings.

According to Tom Lee, Chairman of BitMine, “The new members of the board have been carefully selected to provide a unique blend of experience, insight, and leadership across technology, DeFi, and financial services. This will help BitMine push further on its goal to hold 5% of Ethereum’s supply while bridging the gap between the traditional capital markets and the Ethereum ecosystem.”

**BitMine’s Ambitious Ethereum Holdings Strategy**

BitMine’s bold objective to hold 5% of Ethereum’s supply places the firm alongside the world’s largest institutional treasuries. This strategy underscores a growing trend among public firms to accumulate significant digital assets, signaling increasing institutional interest in Ethereum and broader blockchain technologies.

**Ethereum’s Market Position Under Scrutiny**

Currently, Ethereum is trading at $3,174.65 with a market capitalization of $383.17 billion, accounting for 11.84% of the total cryptocurrency market, according to CoinMarketCap data. In the past 24 hours, Ethereum’s price rose by 0.92%. However, the asset has experienced declines of 6.59% over the past week and 17.62% over the past 30 days.

BitMine’s aggressive accumulation strategy, combined with its new leadership, could have far-reaching implications for both traditional markets and the crypto community’s perception of Ethereum’s institutional adoption. As BitMine presses forward with its goal of holding a substantial share of Ethereum’s supply, the industry will be watching closely.
https://bitcoinethereumnews.com/tech/bitmine-appoints-chi-tsang-as-ceo-amid-leadership-reshuffle/

Bridgewater Reduces Nvidia Holdings by 65.3% Amid Market Caution

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**Bridgewater Associates Slashes Nvidia Holdings Amid Economic Uncertainty**

Bridgewater Associates, led by renowned investor Ray Dalio, made a significant move in the third quarter by reducing its Nvidia holdings by 65.3%. This decision signals growing caution toward tech equities, as global economic uncertainties continue to impact investor sentiment.

**Strategic Shift Reflects Risk Management**

According to Bridgewater’s latest third-quarter report, the firm cut its Nvidia shares from 7.23 million to 2.51 million. Interestingly, this comes after previously increasing its Nvidia holdings by 154.37%, indicating a strategic adjustment in response to changing market conditions.

The sharp reduction suggests an increased focus on risk management. Bridgewater is shifting its investments toward U.S. large-cap ETFs, seeking more stability amid macroeconomic volatility. This move highlights the firm’s preference for broad-based, less speculative assets over concentrated tech plays during uncertain times.

Ray Dalio, Founder of Bridgewater Associates, commented,
> “The dramatic reduction in our Nvidia position underscores the need to remain cautious in these uncertain financial times.”

**Minimal Impact on Cryptocurrency Markets**

Despite this major move in the hedge fund world, the market response has been relatively neutral, with no significant direct effects observed in cryptocurrency markets. The adjustment seems largely contained within the traditional equity space.

Ray Dalio has also highlighted that current risks are concentrated in sovereign bonds and has issued warnings regarding potential debt cycle risks. These comments suggest a broader strategic reevaluation among large institutional investors as they navigate complex macroeconomic trends.

**Hedge Funds Flock to Risk Aversion**

Did you know? The reduction in Nvidia holdings reflects a wider trend among hedge funds. During periods of macroeconomic uncertainty, many institutional investors shift toward risk aversion, recalibrating their portfolios to better weather market instability.

Such strategies typically help safeguard investments against volatility in the broader equity markets.

**Ethereum (ETH) Market Snapshot**

In cryptocurrency news, Ethereum (ETH) is trading at $3,183.56, with a market cap of $384.24 billion, according to CoinMarketCap. Over the last 24 hours, trading volume decreased by 58.62%, and ETH registered a marginal 0.02% price dip. As of November 15, 2025, the circulating supply stands at 120.70 million.

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*Stay tuned for more updates on institutional investment strategies and their wider impact on financial markets.*
https://bitcoinethereumnews.com/tech/bridgewater-reduces-nvidia-holdings-by-65-3-amid-market-caution/

XRP Enters Phase 4: Analysts Project Potential Rally Toward $21.5 Zone

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**XRP Enters Phase 4: Signaling the Start of a New Upward Cycle with Ambitious Targets**

XRP has officially entered Phase 4 of its long-term market cycle, marking the beginning of a promising new expansionary period. This phase indicates renewed upward momentum, with targets set at significant long-term resistance levels. Analysts project that XRP’s rally may surpass its previous all-time high, driven by favorable technical signals and a recovering crypto market.

According to CoinMarketCap data, trading volume for XRP has surged by an impressive 101.58%, reaching $5.34 billion. Additionally, XRP’s market capitalization stands at $153.09 billion, solidifying its position as the fourth-largest cryptocurrency. With robust momentum and increasing liquidity, XRP eyes a breakout target near $21.5.

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### What Is XRP’s Phase 4 in Its Market Cycle?

Phase 4 represents a critical stage in XRP’s multi-year market structure, marking its transition into a fresh expansion phase following prolonged accumulation and recovery periods dating back to 2014. Market analysts such as CW8900 have identified this phase via long-term chart patterns. It features heightened trading activity and rising price momentum from a confirmed bottom of approximately $2.26.

Currently trading around $2.54 with a daily increase of 12.17%, XRP demonstrates sustained growth and resilience. The cryptocurrency maintains a strong market cap of $153.09 billion, continuing to hold its place among the top digital assets globally.

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### Technical Analysis Supporting XRP’s Rally

XRP’s price history reveals four distinct phases:

– **Phase 1:** Initial surge
– **Phase 2:** Extended base-building correction
– **Phase 3:** Consistent recovery characterized by higher lows and steady trading volume
– **Phase 4:** Present upward expansion confirming a bullish market shift

Analyst insights from ChartNerd highlight an ascending trendline that has been active since 2014. The price movement formed a symmetrical triangle between 2018 and 2024, with resistance levels established since 2017 now successfully broken. This breakout aligns with technical indicators such as Gaussian channels and Fibonacci extensions, which point to resistance levels at the 1.272, 1.414, and 1.618 Fibonacci ratios.

This technical alignment projects a potential target zone near $21.5, a level that coincides with a key Fibonacci extension and long-term resistance. The significant increase in trading volume—now at $5.34 billion—reflects growing liquidity inflows, while the network engagement remains strong with approximately 487,950 XRP holder wallets.

Experts observe that “XRP’s turn is beginning,” noting that this rally is poised to exceed its all-time high as market demand intensifies.

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### Market Structure and Renewed Recovery Momentum

XRP’s multi-year market structure from 2014 to 2025 includes four primary phases of accumulation and growth, as detailed by CW8900:

– An initial rally phase (Phase 1)
– A prolonged correction forming a solid base (Phase 2)
– A steady recovery with improving lows and volume (Phase 3)
– The current expansion phase indicating a bullish continuation (Phase 4)

With XRP trading at $2.54 and exhibiting a strong daily growth rate of 12.17%, the momentum signals a new upward trajectory. CoinMarketCap data confirms the market’s renewed vigor, highlighted by doubling trading volume and a market cap exceeding $150 billion.

Analysts have identified two primary price targets: surpassing the previous all-time high and advancing toward the $21.5 Fibonacci extension zone. Furthermore, XRP’s fully diluted market value is estimated at $254.72 billion based on its nearly 100 billion circulating tokens. The holder count nearing 488,000 underlines sustained network participation.

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### Technical Alignment and Long-Term Trend Support

According to ChartNerd’s analysis, XRP has maintained a consistent ascending support trendline nearly a decade old. After breaking major resistance in 2017, XRP retested this long-term support within a symmetrical triangle pattern that spanned from 2018 to 2024.

The recent breakout above this resistance confirms a structural shift toward a bullish trend, supported by Gaussian channel and Fibonacci level projections that suggest continued upward pressure through 2026. Key Fibonacci levels at 1.272, 1.414, and 1.618 represent escalating resistance zones culminating near the $21.5 mark.

Rising trading volume from $2.26 to $2.54 coupled with growing liquidity indicates stable demand and confidence among investors. Market watchers agree that the long-awaited “turn of XRP” has begun, signaling the start of a prolonged recovery phase.

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### Frequently Asked Questions

**What Are the Projected Price Targets for XRP in Phase 4?**
XRP’s initial price targets in Phase 4 focus on reclaiming its previous all-time high, followed by the ambitious $21.5 zone aligned with the 6.618 Fibonacci extension. Analysts like CW8900 and ChartNerd support this outlook, citing volume increases and key trendline breakouts as confirmation of potentially substantial upside.

**Is XRP Entering a New Bullish Phase in 2025?**
Yes. XRP’s entry into Phase 4 signals a rebound from a long-term bottom paired with growing liquidity. With trading volumes exceeding $5 billion and a market cap above $150 billion, this phase mirrors historical bullish trends and sets the stage for possible sustained growth through 2026 amid strengthening investor confidence.

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### Key Takeaways

– **XRP Phase 4 Entry:** Marks the beginning of expansion with current price around $2.54 and daily gains over 12%, indicating recovery momentum.
– **Technical Support:** A decade-long ascending trendline and Fibonacci extensions target levels near $21.5, well beyond previous highs.
– **Market Indicators:** Trading volume up by over 100% to $5.34 billion and nearly 488,000 holders reflect growing liquidity and network engagement.

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### Conclusion

As XRP moves into Phase 4, its underlying market structure and technical indicators highlight a strong rebound. Increasing liquidity and trading volume further validate mounting investor momentum aimed at reaching the $21.5 target zone.

Drawing from comprehensive analyses by experts such as CW8900 and ChartNerd, this phase positions XRP for potential outperformance in the broader cryptocurrency landscape. Staying informed on these developments is essential for investors looking to capitalize on emerging opportunities within the dynamic crypto market.
https://bitcoinethereumnews.com/tech/xrp-enters-phase-4-analysts-project-potential-rally-toward-21-5-zone/

Circle Introduces AI Chatbot and MCP Server for Seamless USDC Integration

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**Circle Launches AI Tools to Streamline USDC Payment Automation**

Circle has unveiled a new suite of AI-powered tools designed to support the swift integration of USDC with gateways, wallets, and smart contracts. This launch includes an AI chatbot and an MCP server, both developed using Circle’s API and SDK metadata. These innovations promise faster payment automation across various integrated development environments (IDEs), such as Cursor.

The newly introduced tools are crafted for direct integration, simplifying programmable payments by enabling more efficient code automation. By seamlessly connecting with existing frameworks, developers and AI agents can convert functions more quickly, ultimately improving productivity and accelerating project development.

While official statements from Circle’s leadership remain limited, developer documentation confirms the launch and availability of these AI tools. As adoption grows, it is expected that increased engagement from crypto communities and industry influencers will follow, thanks to the potential for significantly lowering integration barriers.

### Potential Impact on USDC Market and Developer Engagement

Circle’s previous technological launches, such as Programmable Wallets, have historically spurred increased adoption. This new AI toolkit is poised to similarly boost on-chain utilization of USDC.

As of November 11, 2025, USDC is priced at $1.00 with a market capitalization of $76.17 billion, according to CoinMarketCap. The stablecoin currently holds a market dominance of 2.13%, with a 24-hour trading volume shift of 34.55%.

Experts suggest that this launch could enhance both liquidity and developer engagement, leading to increased USDC transactions across the blockchain ecosystem. However, due to limited public data at this stage, observing the tangible effects will require more extensive on-chain monitoring and community feedback over time.

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Stay tuned for updates as this technology evolves and integrates deeper within blockchain and AI frameworks, setting new standards for programmable payments.
https://bitcoinethereumnews.com/tech/circle-introduces-ai-chatbot-and-mcp-server-for-seamless-usdc-integration/

SUI Price Prediction: $1.85 Target in Two Weeks Before $4.45 Recovery by Year-End 2025

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**SUI Price Prediction: Technical Correction Before Major Rally**

With SUI trading at $2.09 and down 3.40% in the last 24 hours, the cryptocurrency finds itself at a critical juncture. Multiple technical indicators and analyst predictions suggest a short-term correction before a significant medium-term recovery.

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### SUI Price Prediction Summary

#### Short-Term Outlook

The trend structure for SUI appears compromised in the near term. The RSI reading of 36.63 sits in neutral territory but shows no oversold bounce signal yet. However, the MACD histogram at 0.0025 provides the first glimmer of bullish momentum, suggesting selling pressure may be exhausting.

SUI’s position within the Bollinger Bands at 0.23 indicates the price sits closer to the lower band ($1.89), typically a zone where reversals occur. The daily ATR of $0.21 shows moderate volatility, meaning any breakout moves could be substantial.

Trading volume of $62.4 million on Binance spot markets remains healthy, indicating continued institutional interest despite the recent price decline. This volume profile supports the thesis that the current weakness represents consolidation rather than capitulation.

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### SUI Price Targets: Bull and Bear Scenarios

#### Bullish Case for SUI

The optimistic price prediction sees SUI testing $1.85 support followed by a sharp recovery toward immediate resistance at $2.72. Breaking this level would target the SMA 20 at $2.32, then the crucial $3.00 psychological milestone.

Success here opens the path to a medium-term target of $4.45 by year-end. The key technical catalysts for this bullish forecast include:

– MACD histogram turning positive
– RSI bouncing from oversold levels near 30
– Volume expansion on any price bounce

The 52-week high at $4.33 represents the ultimate bull target, requiring roughly a 107% gain from current levels.

#### Bearish Risk for SUI

The downside scenario involves SUI breaking below immediate support at $1.82, which could open the path toward the Bollinger Band lower bound at $1.89. Failure to hold this level sets sights on a major support zone between $1.60 and $1.70, where accumulation is expected to begin.

A break below $1.60 would signal a deeper correction toward strong support at $0.56. Although this scenario appears unlikely given current institutional interest and ongoing protocol development momentum, it remains a risk to monitor.

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### Should You Buy SUI Now?

#### Entry Strategy

The current setup suggests a wait-and-see approach for new SUI positions. Conservative investors should wait for the anticipated test of $1.85 support before considering entry. This level offers an optimal risk-reward ratio, with a suggested stop-loss at $1.75 and upside targets at $2.72.

Aggressive traders might consider accumulating between $1.85 and $1.90 if the price reaches these levels within the next two weeks. Position sizing should remain modest due to the bearish short-term technical picture, with no more than 2-3% of portfolio allocation until bullish momentum confirms.

Dollar-cost averaging between $1.85 and $2.10 over the next month could also prove effective for long-term holders targeting the $4.45 to $7.01 range by year-end. Stop-losses should be placed below $1.60 to protect against unexpected fundamental deterioration.

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### SUI Price Prediction Conclusion

The overall outlook for SUI suggests a classic “lower to go higher” pattern. Short-term weakness toward $1.85 appears likely based on current technical indicators and analyst consensus. However, this correction should create an attractive entry opportunity for the anticipated medium-term recovery.

There is medium confidence that the $1.85 target will be reached within two weeks, while there is high confidence supporting a $4.45 to $7.01 forecast for SUI by the end of 2025.

The combination of protocol upgrades, ETF speculation, and planned token unlocks creates a favorable fundamental backdrop once technical selling exhausts.

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### Key Indicators to Monitor

– RSI approaching 30 for oversold signals
– MACD histogram maintaining positive readings
– Volume expansion on any bounce from the $1.85 to $1.90 support zone

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### Timeline Outlook

Analysts expect the current correction to resolve by late November, followed by a sustained rally through the fourth quarter of 2025.

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*Stay updated with the latest market insights and trade responsibly.*
https://bitcoinethereumnews.com/tech/sui-price-prediction-1-85-target-in-two-weeks-before-4-45-recovery-by-year-end-2025/

Federal Reserve Prepares Response Amid Rising Market Pressure

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**Wall Street Banks Alert Federal Reserve to Renewed Money Market Pressures**

Wall Street banks have sounded the alarm to the Federal Reserve regarding renewed pressures in the U.S. money market. This warning has prompted the possibility of swift Fed intervention to prevent rising short-term interest rates. The situation not only threatens broader financial stability but also has potential implications for cryptocurrency markets, which have recently experienced notable volatility and asset price declines.

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### Fed Intervention Likely as Wall Street Warns of Market Stress

Warnings from several Wall Street banks suggest that stress in the U.S. money market could be imminent. This may prompt the Federal Reserve to step in to manage and stabilize short-term rates. Market experts expressed concerns during November over possible repeat fluctuations in rates, reminiscent of historical repo market crises.

Immediate effects include growing uncertainty within money markets and fears over sudden hikes in overnight repo rates. Should such incidents recur, both the traditional financial system and the cryptocurrency sector could face disruption. The Federal Reserve’s anticipated involvement highlights ongoing fragility in U.S. monetary flows.

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Expert insights from institutions like Citibank and Curvature Securities indicate expectations for recurring financial pressures, particularly around critical financial closing periods. As Deirdre Dunn, Head of Rates at Citibank, noted:

> “I don’t think this is just a one-off anomaly that lasts a few days. The structural pressures in the repo market are real, and we should expect volatility to return, especially around month-end and year-end.”

These observations align with indications that the Federal Reserve is prepared to act decisively if necessary, possibly relying on its liquidity facilities to alleviate market stress.

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### Crypto Market Volatility Mirrors Financial Uncertainty

Did you know? The Federal Reserve’s first major repo intervention in September 2019 coincided with a sharp 12% drop in cryptocurrency prices like Bitcoin, as markets adjusted to overnight rate spikes.

Recently, cryptocurrency data reveals that Bitcoin (BTC), currently priced at $102,218.97, experienced a 1.18% decrease in the past 24 hours. Over the last week, Bitcoin has seen a notable decline of 6.07%, according to CoinMarketCap. Despite these fluctuations, the overall crypto market capitalization remains at approximately $2.18 trillion.

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The recent turmoil in money markets and the Federal Reserve’s potential interventions underscore the interconnectedness of traditional financial systems and emerging digital asset markets. Investors and market participants should stay vigilant as these developments continue to unfold.
https://bitcoinethereumnews.com/tech/federal-reserve-prepares-response-amid-rising-market-pressure/

Analyst Says Dogecoin Price Is About To Burst, Here’s The Target

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Crypto Analyst Predicts Massive Rally for Dogecoin (DOGE) Price

Crypto analyst Butterfly has provided a bullish outlook for Dogecoin (DOGE), predicting that the popular meme coin could soon experience a massive rally. This forecast comes as the broader crypto market attempts to rebound from its recent downtrend, leaving DOGE trading well below the psychological $0.20 level.

**Analyst Declares Dogecoin Price Is About to Burst**

In a post on X, Butterfly urged DOGE holders to stay alert, suggesting that the Dogecoin price could “burst” from its current price level. The analyst highlighted that DOGE is currently facing the lower boundary of a symmetrical triangle on the 3-day chart. According to Butterfly, this zone acts as a strong support floor for price action, and bullish pressure is mounting quickly.

Butterfly’s accompanying chart indicates that Dogecoin could bounce off the $0.165 support level, potentially rallying to as high as $0.48. Notably, this price point marked a local high for DOGE last year after a similar rally from its current range. The analyst expects that DOGE could reach this level by year-end or early next year.

**Crypto Market Rebound Fuels Optimism**

This bullish Dogecoin price prediction comes as the crypto market rebounds from a recent crash. During the downturn, Bitcoin dropped below $100,000 (correction: Bitcoin’s all-time high is far below this figure; the intended sense is a sharp decline, but not to these levels), dragging DOGE and other altcoins down. With BTC now back above $100,000 (correction as above), DOGE aims to reclaim the important $0.20 level, which could trigger a larger market recovery.

Crypto analyst Ali Martinez also believes the bottom is in for Dogecoin following the recent market correction. In an X post, Martinez revealed that the TD Sequential indicator has flashed a buy signal on DOGE, suggesting the local bottom may be established.

**DOGE’s Bull Run Could Start Soon**

Analyst Chandler suggests that DOGE’s next bull run may be imminent. He notes that the biggest bull runs are typically preceded by the TOTAL3/Total index rallying upward, followed by a sharp drop and a V-shaped recovery—this is when Dogecoin price typically peaks. Chandler observes that TOTAL3/TOTAL appears to be resuming its uptrend, a signal that DOGE could soon rally.

Analyst Ether also reassures that Dogecoin’s bullish structure remains intact despite recent pullbacks. He emphasizes that every Dogecoin cycle looks chaotic up close but is perfectly structured from a distance, maintaining confidence in the ongoing pattern. Previously, Ether predicted that Dogecoin could rally to the psychological $1 level, marking a new all-time high for the meme coin.

**Current DOGE Price**

At the time of writing, Dogecoin is trading at around $0.16, down in the last 24 hours, according to data from CoinMarketCap.

*Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.*
https://bitcoinethereumnews.com/tech/analyst-says-dogecoin-price-is-about-to-burst-heres-the-target/