Bitcoin’s explosive rally may have gone too far, with oversupply, rising 
volatility risk, and shifting macro forces setting the stage for a major reset 
that could redefine crypto’s next cycle, according to a Bloomberg Intelligence 
outlook. Bloomberg Intelligence: Oversupplied Crypto Markets Risk Major 
Bitcoin Repricing Digital asset markets continue to face scrutiny as macro 
strategists […]

Strategist Warns Crypto Oversupply Could Force $10K Bitcoin Reset

The court&#8217;s decision highlights ongoing tensions between state regulations and 
emerging digital platforms, impacting future market operations.
The post Court temporarily blocks Tennessee regulators&#8217; action against Kalshi 
appeared first on Crypto Briefing.

Court temporarily blocks Tennessee regulators’ action against Kalshi

A large on-chain transfer linked to Pump.fun has put fresh focus on how the 
memecoin launchpad is handling the proceeds of its token sale. A wallet 
associated with Pump.fun deposited roughly $148 million in stablecoins to 
Kraken on Jan. 13,…

Pump.fun-linked address deposits $148M in USDC and USDT to Kraken

The POTUS demanded tech giants cover data center power costs as US consumption 
surged, with Microsoft first to make changes this week.

Trump wants tech firms to ‘pay their own way’ as power demand soars

Ethereum price failed to clear the $3,160 resistance and dipped again. ETH is 
now consolidating and might make another attempt to surpass $3,200. Ethereum 
started a downside correction below $3,180 and $3,150. The price is trading 
below $3,120 and the 100-hourly Simple Moving Average. There is a key bullish 
trend line forming with support at $3,085 on the hourly chart of ETH/USD (data 
feed via Kraken). The pair could continue to move up if it stays above the 
$3,080 zone. Ethereum Price Starts Consolidation Ethereum price failed to 
surpass $3,150 and trimmed gains, like Bitcoin. ETH price declined below 
$3,120 and $3,120 to enter a short-term bearish zone. The last major swing low 
was formed at $3,050 before the price started a consolidation phase. There was 
a minor upward move above $3,130, and the 23.6% Fib retracement level of the 
recent decline from the $3,308 swing high to the $3,050 low. However, the 
bears are active near $3,150 and $3,180. Ethereum price is now trading below 
$3,120 and the 100-hourly Simple Moving Average. Besides, there is a key 
bullish trend line forming with support at $3,085 on the hourly chart of 
ETH/USD. If the bulls can protect more losses below $3,080, the price could 
attempt another increase. Immediate resistance is seen near the $3,120 level. 
The first key resistance is near the $3,180 level and the 50% Fib retracement 
level of the recent decline from the $3,308 swing high to the $3,050 low. The 
next major resistance is near the $3,200 level. A clear move above the $3,200 
resistance might send the price toward the $3,265 resistance. An upside break 
above the $3,265 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $3,320 resistance zone or even $3,350 
in the near term. Downside Break In ETH? If Ethereum fails to clear the $3,150 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $3,085 level and the trend line. The first major support sits near 
the $3,050 zone. A clear move below the $3,050 support might push the price 
toward the $3,000 support. Any more losses might send the price toward the 
$2,925 region. Technical Indicators Hourly MACD – The MACD for ETH/USD is 
losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now 
below the 50 zone. Major Support Level – $3,080 Major Resistance Level – 
$3,150

Cryptocurrency price in CNY