FIFA President Gianni Infantino has announced that the organization is considering launching its own token to reach 5 billion football fans worldwide.
The idea was discussed at the White House Crypto Summit, where Donald Trump showed his support and joked that “the FIFA coin could end up being worth more than FIFA itself.”
Will football soon be played on the blockchain? ⚽️🚀 Which Blockchain will it get launched?
Elon Musk stated that X (Twitter) was the victim of a massive cyber attack.
The platform is struggling with technical problems, users around the world are reporting feed loading issues, message delays and difficulties logging in.
Musk has not yet released any details, but assured that the X team is already working on a solution.
👉 As you know, the United States now has a strategic reserve in Bitcoin.
But despite the announcement and then the implementation of this reserve, the Bitcoin price is still in correction.
📊 Bitcoin will have to hold on to $83,000, i.e. the 200-day moving average (blue). As you can see on the graph, during the last cycle, the loss of this level gave rise to a bear market.
🔍 The price may fall below the moving average (as in 2023 and 2024), but in this case, buyers will have to react.
Otherwise, the price could continue to fall. Be careful for manipulating in this zone.
😏 Is the market still falling? Or is it getting ready to take off?
While the price is still falling and most of them are panicking seeing the market conditions. However, the big institution and experienced players are accumulating and buying the dip.
😎 The question is, are you ready to buy while others are dumping? Are you with the bulls? COMMENTS Below
The graph shows the Bitcoin price with the realized price of short-term holders (orange curve).
📊 We can see that since 2023, there have been several falls of Bitcoin below the orange curve. Newcomers (those who acquired BTC less than 155 days ago) tend to capitulate when the price falls below their average purchase prices!
🔍 With the drop below $90,000, the price falls again below the orange curve. Bitcoin could once again make newcomers capitulate before rebounding beyond $100,000.
Be careful, historically, it is not positive to see the price settle below the realized price of short-term holders.
The Bitcoin price has fallen by more than 20% since the top which was reached on January 20.
🔍 In result, Bitcoin fell below $1,00,000, and yesterday, sellers managed to push the price below $85,000.
Is the bull run over?
💸 The MVRV Z-Score is an on-chain indicator that lets you know if the BTC price is overvalued (red zone) or undervalued (green zone). Until today, all BTC cycles have ended in the red zone.
The indicator continues to move upwards, and much far away from the red zone. According to this indicator, the bull run is not yet over and Bitcoin could go even higher than $109,000!
The Terminal Price (red curve) is an on-chain indicator that is calculated using several metrics:
👉The Coin Days Destroyed (CDD) which measures the economic activity of BITCOIN.
👉 The current supply in BTC and the circulation time of these BTC
👉 The maximum supply of BTC is only 21 million.
🔍 What particularly interesting is that Bitcoin has historically recorded market tops when it hit the Terminal Price. This is what we have noticed since 2012.
The list shows some of the largest crypto exchange hacks in history, ranked by the value of funds lost.
Cybersecurity remains a top priority for exchanges and investors alike. Always use secure wallets and follow best practices to protect your assets. Be safe
Here is an analysis of my favourite coin Binance Coin ($BNB )!
Binance Coin ($BNB ) has come a long way since its early days on the Ethereum network, later transitioned to its own blockchain and now consistently ranks among the top 2 cryptos.
Recently, Changpeng Zhao (CZ), the founder and former CEO of Binance, has been actively promoting Binance and the Binance Smart Chain (BSC).
One of the key drivers of $BNB ’s recent push is the launch of a platform for creating memecoins, which has significantly boosted attention towards $BNB .
Since memecoins on BSC are primarily purchased using $BNB , the growing interest in these tokens has driven demand and positively impacted $BNB ’s price.
As a result, $BNB has been one of the few cryptos showing positive movement, despite the overall market trend.
Looking ahead, a short-term pullback to around $620 (Fibonacci area of interest) is expected, followed by a likely continuation of its upward trend.
Will $BNB cross 1000$ by year end? Leave your comments below.
Historic Bull Run: Bitcoin Shines in the 7th Week with +6.04% Avg Returns!
We are in the 7th week of the year. Historically, 10 out of 13 years Bitcoin gave positive returns in the 7th week, and only 3 years have been negative.
The average and median returns are above 6%, indicating a generally strong performance this week.
WILL HISTORY REPEAT AGAIN? LEAVE YOUR THOUGHTS BELOW.