Bitcoin has crossed the $88,000 mark, driven by global liquidity and renewed institutional interest in the crypto market. Experts are bullish on its prospects, with some predicting it could reach $90,000 or even $92,000-$94,000 if it breaks through the $88,800 resistance.
🔶Expert Predictions:
- Edul Patel, Mudrex CEO : Believes Bitcoin's upward trajectory is driven by rising global liquidity, renewed institutional interest, and expanding M2 money supply. He predicts a move toward the $93,000 resistance is possible, with support standing at $85,000.
- Avinash Shekhar, Pi42 CEO : Optimistic that Bitcoin is nearing the $90,000 mark, citing halving momentum, increased open interest, and strong trader sentiment.
- Riya Sehgal, Delta Exchange Analyst : Sees this as a pivotal moment, with Bitcoin trading just below the 200-day Simple Moving Average at $88,357. She predicts a rally toward $92,000-$94,000 if Bitcoin breaks through the $88,800 resistance.
🔶 Current Market Trends:
- Bitcoin's market capitalization stands at $1.75 trillion, up 0.75% with a current price of $88,142.63. - Ethereum's price is up 4.20% to $1,579.57, with a market capitalization of $190.67 billion. - The total cryptocurrency market volume rose 28.69% to $86.64 billion, with stablecoins accounting for 94.54% of the volume.
🔶New to Crypto? Start Your Learning Journey with Binance Academy!
🔶
Whether you're a beginner or looking to level up your crypto knowledge, Binance Academy is your go-to platform. From blockchain basics to advanced trading strategies, it's all free and easy to understand. Why choose Binance Academy? 100% Free Learning Beginner to Advanced Topics Videos, Articles & Quizzes Learn at Your Own Pace Join millions of learners worldwide and become crypto-smart today! @Binance Academy
🚀 Bubblemaps (BMT) HODLer Airdrop on Binance! Earn BMT for Holding BNB in Simple Earn! 🎉
New HODLer Airdrop, Binance is rewarding users with BMT tokens through a HODLer Airdrop! If you've been using BNB Simple Earn, you might be eligible to receive retroactive rewards in Bubblemaps (BMT)!
🔹 How to Participate? ✅ Hold BNB in Simple Earn (Flexible or Locked) ✅ Rewards are distributed retroactively to eligible users
Happy International Women's Day 🔥 to all the incredible women in the Binance 🔶 community! Today and every day, we celebrate your strength, resilience, and achievements in the crypto space🤗.
🚨 Indian Police Crack Down on $2M RSN Crypto Scam with China Ties
Indian police have arrested three individuals in connection with a large-scale crypto scam that deceived over 2,000 victims with promises of lucrative returns.
The RSN Crypto scam, which had alleged ties to China, promised investors a 2% daily return and amassed between ₹10-20 crore ($1.14-2.29 million).
The scammers used crypto exchanges like Binance to convert investments into Tether-issued stablecoin USDT.
Solana (SOL) has been on fire today, reaching a 24-hour high of $151.25 before pulling back to $143.84 at the time of writing. That’s a solid +13.27% gain! 🔥
Key Highlights: ✅ 24H Low: $125.89 ✅ 24H Volume: 8.52M SOL (~$1.2B USDT) ✅ Massive Rally: SOL jumped from $125.55 to $151.25 before cooling off.
📉 Technical Outlook: 🔹 MACD is showing signs of cooling down, with a bearish crossover forming. 🔹 RSI at 17.34 indicates oversold conditions—could this be a healthy retracement before another leg up?
🚀 If SOL regains momentum, we might see another push toward the $150+ range. What’s your next move—HODL or take profits? 💰
🚨 UK Introduces Crime and Policing Bill to Strengthen Crypto Seizure Powers
The UK government has introduced the Crime and Policing Bill, a legislative proposal aimed at strengthening law enforcement's authority to confiscate illicit assets, including cryptocurrencies linked to criminal activity. This bill seeks to expand the Crown Court's authority over confiscation orders and establish guidelines for valuing and handling crypto property that cannot be sold.
Key Provisions of the Bill 🔸Expanded Confiscation Powers : The bill grants the Crown Court extended powers to handle confiscation orders involving crypto. 🔸Guidelines for Crypto Property : Establishes guidelines for valuing and handling crypto property that cannot be sold. 🔸Streamlined Asset Recovery : Introduces measures to streamline asset recovery, enabling law enforcement to retrieve stolen funds more efficiently and redirect them to victims.
The proposed legislation builds upon the Economic Crime and Corporate Transparency Act of 2023, which granted authorities the power to freeze and confiscate cryptocurrency linked to illegal activities. The UK government has introduced stricter measures to address financial risks associated with cryptocurrencies, including reaffirming its commitment to strict cryptocurrency regulations.
🚨🚨Solana's price has plummeted to $157.25, wiping out its post-Trump reelection gains. What's behind the drop?
Rumors of a massive selloff by Binance and Kraken have fueled the downside speculation. Additionally, the upcoming token unlock event on March 1, 2025, has sparked "peak FUD" (fear, uncertainty, and doubt) within the Solana ecosystem.
Technically, Solana's price looks ready for a bounce due to an observable bullish fractal on its daily chart. The RSI is near 30, a zone where SOL saw sharp recoveries in the past.
Will Solana's price rise again? Share your thoughts!
Key points:
Solana's price has dropped to $157.25, its lowest level since early November. Binance and Kraken's rumored selloff has contributed to the decline. The upcoming token unlock event on March 1, 2025, has sparked concerns over potential sell pressure. Solana's RSI is near 30, a zone where SOL saw sharp recoveries in the past.