$BTC just broke above $100k after siphoning out lower-side liquidity. Now, we're stuck in limbo, wondering what's next. Two possible scenarios are playing out:
*The Bull Trap Theory* This could be a classic bull trap, luring in longs before a brutal dump. Given the market's volatility, this scenario looks pretty likely.
*The Recovery Route* Or maybe $BTC is bouncing back from the impact of global events. But let's be real, this seems less likely given the current market vibes.
*Market Mayhem* Expect fakeouts and market manipulation. A major news event could be the catalyst that sets the direction. For now, traders should:
- Keep position sizes small to minimize risk - Stay alert for false breakouts - Spot buying opportunities might be ripe, but don't get caught in traps
*The Latest*
- $BTC 's surge above $100k has traders talking - Market sentiment's cautious, with everyone waiting for a clear direction - Global economic uncertainty and geopolitics are still in play - *New Developments:* - Recent data shows a surge in institutional investment in Bitcoin - Regulatory clarity is expected soon, potentially impacting market dynamics - Technical indicators suggest a potential short-term correction
*The Bottom Line* This market's a wild ride. Traders need to be nimble, informed, and ready for anything. Stay frosty, and you might just come out on top.
*The Playbook*
- Stay adaptable, and don't get caught sleeping - Keep an eye on market news and updates - Diversify your portfolio to minimize risk - *Key Strategies:* - Set stop-losses to limit potential losses - Consider scaling into positions to manage risk - Stay informed about market trends and sentiment
That's the current state of play. Stay sharp! #Bitcoinā $BTC
WalletConnect recently reached a milestone of 309 million cumulative connections, with over 47.5 million wallets and 66,500 apps integrated. The network is growing rapidly, with new features and updates being rolled out regularly.
Some key updates include¹ ²: - WalletConnect v2.0 Integration: Several wallets and apps have integrated WalletConnect v2.0, enhancing security, scalability, and user experience. Notably, (link unavailable) DeFi Wallet and Tangem have adopted this version, offering improved features and usability. - *Token Updates*: The WCT token has become fully transferable, allowing holders to transfer tokens freely between wallets and addresses. Staking and governance participation remain enabled. - *Smart Sessions*: WalletConnect is introducing Smart Sessions, also known as Automated Onchain Actions, to reduce the need for constant wallet popups and enable seamless interactions with dApps. - *New Ecosystem Members*: Recent integrations include Rootstock Collective and KuCoin Wallet, expanding the network's cross-chain utility and access.
WalletConnect's roadmap includes: - *Total Value Facilitated (TVF)*: Launching TVF to track real volume moving through the network. - *Expansion to Additional Chains*: Further expanding the WCT token's reach. - *Community Fee Proposals*: Implementing community-driven fee proposals and mechanism design. - *Permissionless Node Operations*: Opening participation for node operations.
These updates aim to enhance the overall user experience, scalability, and security of the WalletConnect network.
The US president has declared a truce between Israel and Iran.
Trump announced the shock agreement on social media after a brutal day of attacks but since the announcement, a missile strike hit southern Israel killing three people.
Iran's Foreign Minister Abbas Araghchi said on Tuesday that there is currently no agreement on a ceasefire between his country and Israel.
"As Iran has repeatedly made clear: Israel launched war on Iran, not the other way around," he said in a post on X.
US President Donald Trump had earlier announced an upcoming ceasefire between Iran and Israel, following a strike by Tehran on an American air base in Qatar.
Mr Araghchi said that if Israel stops its "illegal aggression against the Iranian people no later than 4 am Tehran time, we have no intention to continue our response afterwards".
"The final decision on the cessation of our military operations will be made later," he said.
A few hours after Trump announced a ceasefire, Iran launched another wave of ballistic missiles at Israel, with some making impact in central Israel. 8 casualties have been reported thus far and few critically injured
Iran launched missiles at US military bases in Qatar and Iraq on Monday evening, official media reported, in what state TV called a "powerful" response to recent American strikes on key nuclear sites... This is Surely Beginning Of The END.
Iran launched missile attacks Monday on a U.S. military bases in Qatar and Iraq, retaliating for the American bombing of its nuclear sites and escalating tensions in the volatile region.
People in Doha, Qatarās capital, stopped and looked up as missiles flew and interceptors fired and struck at least one missile in the night sky.
Iran announced on state television that it attacked American forces stationed at Qatarās Al Udeid Air Base. A caption on screen called it āa mighty and successful responseā to āAmericaās aggressionā as martial music played.
Qatar condemned the attack on Al Udeid Air Base attack, but said it successfully intercepted the missiles and no casualties were reported. It said its airspace was now safe.
Tap the link below to read the full story and get the latest updates on the developing situation.
Update Revolutionary Guard Corps said. Al Udeid Air Base was attacked āby short-range and medium-range ballistic missiles originating from Iran,ā a US defense official said. No casualties have been reported.
⢠Attack intercepted: Qatarās Defense Ministry said its air defenses āsuccessfullyā intercepted the missile attack targeting the Al Udeid Air Base in Qatar. No deaths or injuries have been reported.
⢠Response after US strikes: American officials have been preparing for the likelihood that Iran may target US facilities ever since the US struck Iranās nuclear sites over the weekend. The US military had moved some planes from the Al Udeid base amid the conflict between Israel and Iran, two defense officials told CNN last week.
BITCOIN is Cooked š„š Here's Why : Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets.
Bitcoin dropped below the $99,000 mark on Sunday ā its lowest level in more than a month ā while ether plunged over 10% at one point, as the digital asset market became the first to price in rising geopolitical risk. Solana, XRP, and dogecoin also posted steep losses, dragging the entire crypto complex sharply lower.
By late Sunday, digital assets had started to recover. Bitcoin was trading just under $101,000, down just 1% over the past 24 hours, while ether has pared some losses, off 2.5% to around $2,200.
The sell-off appears to be a combination of geopolitical shock and macroeconomic concern.
Iran has reportedly threatened to block the Strait of Hormuz ā a vital shipping lane that handles about 20% of global oil supply. JPMorgan warns that a full closure could drive oil prices as high as $130 per barrel.
One prominent macro research firm notes that such a spike could send U.S. inflation back toward 5% ā a level not seen since March 2023, when the Fed was still actively raising rates.
That outlook has traders reassessing the path of interest rates ā and rotating out of speculative assets like crypto.
While bitcoin is often pitched as an inflation hedge, it's currently behaving more like a high-beta tech stock. According to crypto data provider Kaiko, bitcoin's correlation with the tech-heavy Nasdaq has climbed sharply in recent weeks, after hitting a multi-month low earlier this year ā a period that coincided with surging inflows into spot bitcoin ETFs.
Institutional positioning also appears to have shifted.
More than $1.04 billion flowed into spot bitcoin ETFs from Monday through Wednesday last week, according to data from CoinGlass. But those inflows collapsed heading into the weekend, with zero net movement Thursday and just $6.4 million on Friday ā coinciding with President Donald Trump's early G7 departure and the announcement of a two-week review of U.S. options on Iran.
The technical breakdown added fuel to the selloff.
CoinGlass research shows bitcoin's drop below $99,000 triggered forced selling across offshore derivatives platforms like Binance and Bybit. At its peak on Sunday, more than $1 billion in crypto positions were liquidated during a 24-hour span ā with over 95% coming from long bets, underscoring just how overexposed the market was heading into the weekend.
Bitcoin's current price is $101,646.19, with a 2.08% increase in the last 24 hours. Its market capitalization stands at $2.04 trillion. Here are some key facts about Bitcoin¹: - *Current Price*: $101,536.20 - *Market Capitalization*: $2,018.80 billion - *24-hour Trading Volume*: $62.73 billion - *Circulating Supply*: 19.88 million
*All-Time High*: $111,970.17, reached on May 22, 2025
*Key Features:* - *Decentralized Network*: Bitcoin operates on a peer-to-peer network, allowing for transparent and secure transactions without intermediaries. - *Blockchain Technology*: Transactions are verified and recorded on a blockchain, ensuring transparency and security. - *Limited Supply*: Bitcoin has a maximum supply of 21 million coins, contributing to its value and scarcity.²
# Recent News - *Binance's New Crypto Inheritance Tool*: Binance has introduced a new tool that allows users to pass on their cryptocurrencies to their heirs after death, championed by CZ. - *Binance Alpha Faces User Exodus*: Binance Alpha has faced a user exodus following flash crashes of ZKJ and KOGE tokens. - *Partnership with Worldpay*: Binance has partnered with Worldpay to integrate Apple Pay and Google Pay, making it easier for users to make transactions. - *Live Trading Feature*: Binance has la$unched a live trading feature that allows users to trade in real-time while watching livestreams.¹ ²
# Market Updates - *Binance Coin (BNB) Price*: The current price of BNB is $ Binance Coin is currently trading at $622.49, with a 1.72% increase in the last 24 hours. - *Binance Staked SOL*: The price of Binance Staked SOL is $143.30, with a 5.76% increase in the last 24 hours.³ ā“
# Upcoming Features - *AI-Powered UI/UX*: Binance has rolled out an AI-powered UI/UX that allows users to personalize their experience. - *Token Conversions*: Binance will convert selected delisted tokens to USDC by March 2025.
# Regulatory Developments - *SEC Lawsuit*: The SEC has dropped its lawsuit against Binance US, filing for a joint motion. - *Tax Evasion Charges*: Binance will face tax evasion charges in Nigeria on October 11. - *Indian Tax Demands*: India has demanded $86 million in unpaid taxes from Binance.āµ $BTC #BinanceAlphaAlert
Login to explore more contents
Explore the latest crypto news
ā”ļø Be a part of the latests discussions in crypto