The stablecoin economy is once again scaling new heights, pushing past the 
$313 billion mark this weekend. Metrics from defillama.com show that Sky’s 
USDS posted the biggest percentage jump among the top ten fiat-pegged coins, 
climbing 8.5% over the last seven days. Stablecoin Sector Climbs Beyond $313 
Billion Amid Steady Inflows The fiat-pegged token economy—largely […]

Stablecoin Market Tops $313 Billion as Sky’s USDS Leads Weekly Gains

Bitcoin is showing signs of weakening momentum as it struggles to regain 
higher ground, placing the market at a critical turning point. The $66,000 
level has now emerged as a key support zone that could determine the next 
major move. Holding above it may give bulls a chance to spark a recovery, 
while a decisive break below could open the door for a deeper decline. Bitcoin 
Struggles Below Blue Box Resistance As Buyers Stay Quiet Bitcoin continues to 
trade below the blue box resistance, signaling that the market has yet to 
regain strong bullish momentum. According to crypto analyst Kamile Uray, 
buyers failed to step in at the $69,407 level that had been closely monitored 
on the 4-hour timeframe. Although selling pressure pushed the price lower, the 
pace of the decline has started to slow in the current region. Related 
Reading: Bitcoin Consolidates Near Key Support Band — $77,000 Holds The Key To 
The Next Move Uray explained that as long as Bitcoin remains above the $66,187 
level, the possibility of another attempt toward the blue box resistance 
remains on the table. A decisive breakout above the $69,407 resistance, 
especially with strong high-volume candles, could open the door for a much 
larger upward move. Based on the principle of equal waves, such a breakout 
scenario could propel Bitcoin toward the $100,000 mark. A daily close above 
$98,200 would also establish a new high peak in the context of the latest wave 
structure on the daily chart, increasing the chances of a sustained uptrend. 
However, caution may be required if the price approaches the $107,000–$109,000 
region, as a bearish Libra formation could develop within that zone. Failure 
to close above the previous peak could activate the pattern and trigger a 
renewed downward move. Meanwhile, the $66,187 level remains a key support to 
watch on the 4-hour chart. Holding above it would keep bullish expectations 
intact, while a close below it may lead to a retest of $62,433. If the decline 
deepens further and resistance levels continue to cap upward attempts, the 
next major support targets are $62,433, $55,230, and $47,256. BTC Loses 
$70,000 Support As Bearish Momentum Builds Crypto analyst Crypto Candy noted 
that Bitcoin was unable to maintain its position above the $70,000 level and 
eventually closed below it. Holding above that zone was previously highlighted 
as crucial for sustaining bullish momentum. Failure to defend the $70,000 mark 
suggests that sellers have regained control of the market. Related Reading: 
Analyst Shares Timeline For When A New Bitcoin Bull Run Will Begin This Year 
The analyst further explained that bearish pressure may continue unless 
Bitcoin manages to reclaim and break above the $74,000 level. As long as the 
price remains below that threshold, momentum favors the downside, with a 
potential move toward the $61,000 region or even lower levels. Featured image 
from Getty Images, chart from Tradingview.com

Bitcoin Losing Strength — $66,000 Now The Line Between Recovery And Crash

Traders are suing prediction market Kalshi after a controversial contract tied 
to Iran’s supreme leader sparked a payout dispute, igniting legal questions 
about how geopolitical event markets resolve outcomes and interpret rules. 
Traders Sue Kalshi, Claim Prediction Market Platform Uses ‘Death Carveout’ to 
Escape Massive Payouts Traders are challenging a prediction market platform 
after alleging […]

Legal Storm Hits Kalshi as Traders Claim ‘Death Carveout’ Erased Their Winning Bets

The plaintiffs characterized the death carveout in a prediction market for the 
former Iranian Supreme Leader&#8217;s ouster as &#8220;deceptive.&#8221;

Prediction market Kalshi sued over Khamenei trade carveout

Large ETH transfers by prominent figures like Wilcke can influence market 
sentiment, potentially impacting Ethereum&#8217;s price volatility.
The post Ethereum co-founder Jeffrey Wilcke sends $157M in ETH to Kraken after 
months of wallet silence appeared first on Crypto Briefing.

Cryptocurrency price in KRW