QCP Capital highlights a stark reversal in post-election market optimism as 
U.S. equities and crypto face historic sell-offs amid shifting fiscal and risk 
sentiments. Bitcoin Tests Key Support Level Amid Market Turmoil QCP Capital 
reported that U.S. stock markets extended declines following former President 
Donald Trump&#8217;s recent remarks, with the S&amp;P 500 and Nasdaq dropping […]

Dollar’s Decline and Yield Crash: QCP Reveals Hidden Lifeline for Battered Risk Assets

The hackers behind the Bybit hack have managed to cash out approximately $300 
million of the stolen $1.4 billion in digital assets, despite industry efforts 
to prevent them.The hack has sparked debate about how Web3 firms can prevent 
similar attacks in the future. Bybit Hack: 20% of Stolen Funds &#8216;Gone Dark&#8217; 
Reports suggest cybercriminals behind […]

Blind Signing Vulnerabilities: ZKPs Offer Potential Fix After Bybit Hack

Bitcoin (BTC) is under severe selling pressure, having lost the $85,000 level 
just a few days ago. This breakdown has pushed the market to its lowest levels 
since November 2024, increasing fear and uncertainty among investors. The 
entire crypto market has been struggling, weighed down by negative 
macroeconomic conditions and an overall shift in risk-off sentiment. Related 
Reading: Charts Reveal Cardano Holds Key Support Zone – Staying Above Could 
‘Set The Next Move’ U.S. President Trump’s policies have added to the 
volatility and instability, as rising global trade war fears and erratic 
economic decisions continue to rattle investors. The U.S. stock market has 
dropped to its lowest point since September 2024, further fueling concerns 
that broader financial markets are weakening, dragging Bitcoin and other 
cryptocurrencies down with them. According to Glassnode data, the Mayer 
Multiplier suggests that the next key support level for Bitcoin sits at 
$66,000. If the current sell-off continues, BTC could test this level in the 
coming weeks, marking a significant correction from its recent highs. With 
Bitcoin at a crucial point, traders and investors are closely watching whether 
BTC can stabilize and reclaim key levels or if further downside is ahead. The 
coming days will be critical for Bitcoin’s short-term outlook. Bitcoin 
Struggles Below 200-Day MA Bitcoin has been in a consistent downtrend since 
late January, with fear dominating investor sentiment. Many now believe that 
the bull cycle is over, as BTC continues to set lower highs and break key 
support levels. With selling pressure mounting, the market remains under 
bearish control, and lower targets are being set by cautious investors. 
Related Reading: Bitcoin Could Rally Above ATH To $128K – On-Chain Indicator 
Signals Potential Recovery Since the U.S. elections in November 2024, 
macroeconomic uncertainty and volatility have been major drivers of the 
market. The rise in global trade tensions, erratic economic policies, and 
shaken investor confidence have all contributed to Bitcoin’s extended 
correction. With U.S. stock markets also struggling, Bitcoin has failed to 
find the momentum needed for a recovery. Top analyst Ali Martinez shared 
insights on X, highlighting that Bitcoin is now trading below the 200-day 
moving average, a key technical indicator that often signals long-term trend 
direction. According to the Mayer Multiple, the next major support level sits 
at $66,000. If BTC fails to stabilize above current levels, further selling 
pressure could send Bitcoin toward this lower support zone in the coming 
weeks. For Bitcoin to reverse its downward trend, bulls must reclaim the 
200-day MA around $83,500. A break and hold above this level would indicate 
strength returning to the market and could prevent further downside. However, 
if BTC fails to regain momentum, fear and uncertainty will continue to drive 
prices lower, making the next few weeks crucial for Bitcoin’s market 
structure. Investors are closely watching price action as Bitcoin remains at a 
critical point that could define its mid-term trend. BTC Eyes $85K For 
Recovery Bitcoin is currently trading at $81,700 after losing the 200-day 
Moving Average (MA) at $83,450, a key technical level that previously 
supported its bullish momentum. With BTC now trading below this critical 
indicator, the market remains under bearish pressure, and traders are closely 
watching for signs of a potential reversal. For bulls to regain control, BTC 
must reclaim the $85,000 mark in the coming days. A strong push above this 
level would indicate renewed buying interest, potentially setting the stage 
for a recovery rally. However, if BTC fails to break above $85K, the market 
could see further downside pressure. Related Reading: Cardano Bulls Eye $10 
Target – Analyst Reveals Key Levels To Break If BTC drops below the 
$80,000–$78,000 range, it will increase the likelihood of a decline toward the 
next major support levels at $75,000–$72,000. Such a move would reinforce 
bearish sentiment, delaying any chances of a meaningful recovery in the near 
term. The next few trading sessions will be critical, as Bitcoin remains in a 
vulnerable position where either a reclaim of key levels or a deeper 
correction is imminent. Featured image from Dall-E, chart from TradingView

Bitcoin Drops Below 200-Day MA – Next Key Support Lies At $66K According To Mayer Multiple

Bitcoin for America by the Bitcoin Policy Institute | Washington, D.C. | March 11, 2025Bringing together leading policymakers, business leaders, researchers &#8230;

The United States Must Embrace Bitcoin Now: A Recap Of Bitcoin For America

A federal court in Puerto Rico has held Juan Carlos Reynoso in contempt for 
refusing to surrender 119.65 BTC worth approximately $9.7 million, imposing a 
$10,000 daily fine until he complies with a seizure order. Defendant Faces 
Mounting Fines After Transferring Seized Bitcoin to Other Wallets Senior U.S. 
District Judge Francisco A. Besosa ruled on […]

Cryptocurrency price in KRW