“They’ve heard the promises of institutional adoption for so long that they no 
longer register,&#8221; said Bitwise&#8217;s Matt Hougan.

Wall Street is loud about crypto, but investors aren’t listening: Bitwise

South African Finance Minister Enoch Godongwana has announced plans to end the 
country’s crypto regulatory vacuum by drafting new rules to integrate digital 
assets into the national capital flow management regime. Closing the 
Regulatory Vacuum South African Finance Minister Enoch Godongwana has 
signalled a definitive end to the regulatory vacuum surrounding digital 
assets, revealing the […]

South Africa Moves to Bring Cryptocurrencies Under Capital Flow Controls

Dogecoin started a major increase above $0.10 against the US Dollar. DOGE is 
now consolidating and might decline again if it fails to clear $0.1060. DOGE 
price started a fresh increase above $0.0950 and $0.10. The price is trading 
above the $0.10 level and the 100-hourly simple moving average. There was a 
break above a bearish trend line with resistance at $0.0942 on the hourly 
chart of the DOGE/USD pair (data source from Kraken). The price could aim for 
a fresh increase if it remains stable above $0.0988. Dogecoin Price 
Consolidates Gains Dogecoin price started a fresh increase after it settled 
above $0.0950, like Bitcoin and Ethereum. DOGE climbed above the $0.0980 
resistance to enter a positive zone. There was also a break above a bearish 
trend line with resistance at $0.0942 on the hourly chart of the DOGE/USD 
pair. The bulls were able to push the price above $0.10. A high was formed at 
$0.1061 and the price is now correcting some gains. There was a move below the 
23.6% Fib retracement level of the upward move from the $0.0910 swing low to 
the $0.1061 high. Dogecoin price is now trading above the $0.10 level and the 
100-hourly simple moving average. If there is another increase, immediate 
resistance on the upside is near the $0.1028 level. The first major resistance 
for the bulls could be near the $0.1050 level. The next major resistance is 
near the $0.1080 level. A close above the $0.1080 resistance might send the 
price toward $0.1120. Any more gains might send the price toward $0.120. The 
next major stop for the bulls might be $0.1220. Another Decline In DOGE? If 
DOGE’s price fails to climb above the $0.1050 level, it could start a downside 
correction. Initial support on the downside is near the $0.10 level. The next 
major support is near the $0.0.988 level or the 50% Fib retracement level of 
the upward move from the $0.0910 swing low to the $0.1061 high. The main 
support sits at $0.0950. If there is a downside break below the $0.0950 
support, the price could decline further. In the stated case, the price might 
slide toward the $0.0920 level or even $0.090 in the near term. Technical 
Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the 
bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is 
now above the 50 level. Major Support Levels – $0.0988 and $0.0.950. Major 
Resistance Levels – $0.1050 and $0.1120.

Dogecoin (DOGE) Strengthens as Altcoin Rally Signals Renewed Risk Appetite

Stripe executives Patrick and John Collison expect blockchain network demands 
to increase significantly as adoption and use of AI agents grow in the future.

Blockchains may need 1B TPS to support AI agent future: Stripe

Bitcoin continues to struggle to push decisively above the $66,000 level as 
persistent selling pressure weighs on sentiment across the crypto market. 
Despite intermittent rebound attempts, momentum remains weak, with buyers 
showing limited conviction while volatility stays elevated. The broader 
environment — shaped by cautious liquidity conditions, macro uncertainty, and 
restrained risk appetite — has kept Bitcoin locked in a consolidation phase 
rather than a sustained recovery trend. Related Reading: Why XRP’s 0.16 
Leverage Floor Ends The Era Of The Flash Crash – And the Hope for a Quick 
Recovery Increasingly, Bitcoin is not behaving like “digital gold,” a 
narrative that dominated market discourse for years. Instead of acting as a 
defensive asset during periods of economic stress, Bitcoin has recently traded 
in closer alignment with equity markets, particularly technology stocks. This 
correlation suggests that capital is treating Bitcoin more as a high-beta risk 
asset than as a store of value comparable to precious metals. This shift 
challenges a long-standing thesis within the crypto ecosystem. While the 
digital gold narrative remains influential, current price behavior indicates 
that liquidity cycles, institutional positioning, and broader macro risk 
dynamics are exerting stronger short-term influence. Whether Bitcoin 
eventually reclaims its perceived safe-haven role or continues behaving like a 
risk asset will likely depend on evolving macro conditions and investor 
positioning. Correlation With Nasdaq Highlights Structural Shift According to 
On-Chain Mind, Bitcoin’s correlation with the Nasdaq has structurally 
tightened since 2020, marking a significant shift in how capital allocates to 
the asset. While earlier cycles showed more episodic alignment, recent data 
reveals that BTC now frequently trades in tandem with technology equities. 
Notably, the sharpest correlation spikes have tended to coincide with broader 
market drawdowns, particularly during bear market phases. This pattern is 
critical. In theory, an asset positioned as “digital gold” would be expected 
to decorrelate from risk assets during periods of stress. Instead, the data 
suggests the opposite: when liquidity contracts and equities sell off, Bitcoin 
often follows. These synchronized declines indicate that institutional capital 
increasingly treats BTC as part of the broader risk complex rather than as an 
independent hedge. Whether this development aligns with ideological 
expectations is secondary. The reality is that capital flows, portfolio 
construction frameworks, and macro-driven positioning now play a dominant role 
in Bitcoin’s price formation. Large allocators appear to manage BTC exposure 
alongside growth equities, responding to the same liquidity signals, rate 
expectations, and volatility regimes. Until correlation regimes shift 
meaningfully, Bitcoin’s behavior is likely to remain closely tied to macro 
risk cycles rather than to traditional safe-haven dynamics. Related Reading: 
The $33 Billion Drain: Bitcoin Realized Cap Craters as Capital Abandons the 
Network for a Second Month Bitcoin Price Structure Shows Persistent Downtrend 
Pressure Bitcoin continues to trade under clear technical pressure, with price 
action struggling to reclaim the $66,000–$67,000 zone after a sharp corrective 
move from late-2025 highs. The weekly chart shows a decisive break below the 
50-week moving average, followed by rejection near that level, which now acts 
as dynamic resistance rather than support. This shift typically reflects 
weakening medium-term momentum. Price is currently hovering just above the 
200-week moving average, a level historically associated with major cycle 
support. While this area often attracts strategic buyers, repeated tests 
without strong rebounds can weaken its effectiveness. Volume spikes during 
recent downside moves suggest distribution rather than accumulation, although 
confirmation would require sustained follow-through. Related Reading: The 
Saylor Discount: Why Bitcoin Trading Below Strategy’s Realized Price is a Gift 
for Late-Cycle Allocators Market structure also shows a sequence of lower 
highs since the peak near the $120K region, indicating that bullish 
continuation has stalled. Until Bitcoin reclaims the mid-$70K range and 
stabilizes above key moving averages, rallies may remain corrective rather 
than trend-reversing. That said, proximity to long-term support means 
volatility could increase. Either a structural rebound or a deeper 
capitulation phase remains possible, depending largely on liquidity 
conditions, macro sentiment, and institutional positioning in the coming 
weeks. Featured image from ChatGPT, chart from TradingView.com

Cryptocurrency price in MMK