XDC Labs and LayerZero Labs have announced a major collaboration that integrates LayerZero’s universal messaging protocol into the XDC Network, unlocking secure interoperability across dozens of blockchains. At XDC Tech Webinar 6.0, held virtually this month, XDC Labs and LayerZero…

XDC Network unlocks omnichain interoperability with LayerZero integration

Mercado Bitcoin, Brazil’s largest crypto exchange, announced on Wednesday a 
new partnership with Wormhole to expand the reach of its tokenized financial 
assets. This new partnership aims to expand over $200 million in tokenized 
assets, including private credit offerings, across…

Mercado Bitcoin taps Wormhole to scale $200m in tokenized assets

Speaking at the Token2049 event in Dubai, Changpeng Zhao spilled the tea on 
crypto regulation and setting up national crypto reserves via his new found 
love for consultancy. During a wide-ranging fireside chat with Raoul Pal at 
the Token2049 conference…

CZ’s push for DeFi takes center stage at Token2049

Bitcoin continues to attempt to breach the $95,000 barrier with investors 
looking out for indicators that it might indeed do so. The digital money has 
failed to breach the point of resistance at this level since last Friday, 
market data revealed. Still, despite this strain, a very impressive 91% of 
entire supply of Bitcoins are in the black, reflecting what market strategists 
describe as the &#8220;euphoria phase&#8221; of market activity. Related Reading: XRP 
Headed For $1,000 – CryptoGuard Exec Drops Bold Prediction Profits Soar As 
Market Rebounds The strong percentage of profitable Bitcoin holdings is during 
a recent market recovery, according to data from analytics firm CryptoQuant. 
Technical expert Darkfost notes that when Bitcoin supply in profit is over 
90%, it generally represents the last phase of a bull market. This phase 
usually sees large price rises before any correction takes place. During 
recent price drops, the supply in profit nearly fell to 75%, a level that 
analysts believe could have triggered widespread selling if breached. Market 
Pressure Eases On Holders The current context provides room to breathe for 
Bitcoin holders. Since the majority of holdings are in profit, investors are 
less pressed to offload their coins during times of market uncertainty. This 
diminished pressure might assist in sustaining Bitcoin&#8217;s price stability near 
the $95,000 level and gaining steam for future upside potential. As per 
various experts, this period of diminished selling pressure tends to lead to 
significant price action in cryptocurrency markets. Analysts Project Possible 
$250,000 Bitcoin Some institutions have made some high-profile Bitcoin price 
predictions. Standard Chartered is predicting that the cryptocurrency will hit 
$120,000 by the second quarter of 2025. Other market analysts have predicted 
higher prices, in the range of $200,000 to $250,000, before the year&#8217;s end. 
These are some of the predictions as Bitcoin traded at $94,900, just below the 
psychological $95,000 mark that has been challenging to crack. History 
Indicates Caution Following Euphoria Although the market mood is positive 
today, CryptoQuant cautions that history indicates a pattern of corrections 
after these euphoria periods. Historical data from past Bitcoin bull cycles 
suggest that after such periods of high profitability, corresponding massive 
price declines usually ensued. Related Reading: Only XRP? Expert Claims That’s 
All You Need To Succeed In previous cycles, the proportion of Bitcoin supply 
in profit has dropped to approximately 50% at these times of correction – a 
characteristic of bear market situations. The euphoria phase is not permanent, 
with CryptoQuant CEO Ki Youn Ju intimating such periods usually last from 
three to 12 months before the corrective action sets in. The ongoing Bitcoin 
cycle has witnessed consistent growth over the past few months, driving the 
percentage of profitable holdings to levels that indicate both opportunity and 
caution. As investors observe the $95,000 resistance level, many are asking 
whether history will repeat itself in another spectacular price spike before 
an eventual correction. With 91% of Bitcoin currently in profit, the market is 
at a critical point that will challenge both bullish forecasts and historical 
trends in the coming months. Featured image from Gemini Imagen, chart from 
TradingView

Jubilation Or Warning Sign? 90% Of Bitcoin Supply In Profit – Analysis

CouponFollow website released its new study called &#8220;Millennial Shopping 
Habits.&#8221; The study is based on a survey in which over 1,185 Americans between 
the ages of 29 and 44 shared their shopping habits with researchers. The 
report has a cryptocurrency…

New report suggests over half of the U.S. millennials own crypto. What else did we learn?

Bloomberg Intelligence exchange-traded fund (ETF) analysts Eric Balchunas and 
James Seyffart have released updated odds for 2025 U.S. spot cryptocurrency 
ETF approvals, assigning a 90% chance to solana ( SOL). Bloomberg Intelligence 
Analysts Forecast 90% Chance for Solana, Litecoin Spot ETFs The analysts note 
that litecoin ( LTC) and digital asset index baskets also have […]