Iran&#8217;s potential move could ease tensions, but skepticism persists, impacting 
market confidence and highlighting geopolitical uncertainties.
The post Iran hints at reopening Strait of Hormuz, ceasefire odds drop 
appeared first on Crypto Briefing.

Iran hints at reopening Strait of Hormuz, ceasefire odds drop

The Central Bank of Nigeria has launched a pilot supervisory program for 
Virtual Asset Service Providers and selected a first cohort of six entities, 
with KuCoin standing out as the only global crypto exchange on the list. 
According to local…

KuCoin picked for Nigeria’s virtual asset pilot as sole global exchange

Circle unveiled cirBTC, a wrapped Bitcoin product backed 1:1 by BTC, as it 
expands beyond USDC into DeFi and tokenized markets.
The post Circle targets wrapped Bitcoin market with new cirBTC product 
appeared first on Crypto Briefing.

Circle targets wrapped Bitcoin market with new cirBTC product

Bitcoin fell below $66,000 after Trump’s aggressive rhetoric on Iran, 
reversing gains from the prior day’s more conciliatory remarks. Analysts warn 
that bitcoin now acts as a barometer of risk, with $65,500 marked as a 
critical support level that could unleash cascading liquidations if breached. 
Market Volatility and Liquidations For the second straight day, President […]

Trump’s ‘Stone Age’ Rhetoric Triggers $440M Crypto Wipeout as Bitcoin Slips Below $66,000

Crypto analyst Minga has predicted that the Bitcoin price could rally past 
$120,000 to a new all-time high (ATH) of $190,000 in the next bull cycle. The 
analyst also indicated that now is a good time to buy as BTC approaches a 
bottom. Analyst Gives Buy Signal as Bitcoin Price Approaches Bottom In an X 
post, Minga said that the Bitcoin price is approaching a macro bottom and that 
this is the phase of the cycle where every dip becomes an opportunity to buy 
and accumulate long-term holdings. The analyst opined that BTC may tap the 
$58,900 to $54,500 region at a minimum this cycle, and that this area has been 
a point of interest (POI) for spot buying. Related Reading: The Bitcoin Bleed 
Is Almost Over, But Will Price Reach $40,000 Before Bouncing? Minga revealed 
that he still expects a potential move down to $37,000 for the Bitcoin price 
in a max-pain scenario. However, he noted that the idea behind spot buying is 
not to go all in at once, but to build positions gradually over time. The 
analyst had also described a potential drop to $37,000 as a generational 
bottom, signaling that this is an area to go all in in preparation for the 
next bull cycle. Meanwhile, the analyst stated that he will be looking at 
$194,742 as a potential area to start taking profits and offload a significant 
portion of his spot holdings. A potential rally to $194,742 would mark a new 
all-time high (ATH) for the Bitcoin price, surpassing its current ATH of 
$126,000. Minga also noted that the plans to take profits at this level are 
just a plan and that his final decision will be based on how the Bitcoin price 
behaves when it reaches those levels. The Strategic Buy Zone For BTC In an X 
post, crypto analyst Ali Martinez revealed two primary accumulation zones 
based on historical 40%-50% resets in past bear markets that occur after the 
crossover between the 50 and 200 Simple Moving Averages (SMAs). The first 
target is $40,000, representing a standard 30% reset from current levels. 
Related Reading: Bitcoin Price At $59,000 Is The Line In The Sand, Here’s What 
You Should Know The second accumulation target is $30,000, representing a 50% 
decline from current Bitcoin price levels. Martinez stated that this setup has 
historically aligned with the last major downside before a generational macro 
bottom forms. The analyst noted that BTC has already seen a 52% correction and 
is currently 30 days into the 3-day SMA cross. As such, he remarked that if 
history rhymes, then BTC is likely entering the final accumulation window of 
this cycle within the next three to six days. At the time of writing, the 
Bitcoin price is trading at around $66,400, down over 2% in the last 24 hours, 
according to data from CoinMarketCap. Featured image from Adobe Stock, chart 
from Tradingview.com

Cryptocurrency price in INR