Big banks have been weighing an entry into the stablecoin market as the US Congress debates digital assets regulation.

Legacy finance discovers stablecoins as JPMorgan, Citigroup consider market entry

Bitcoin’s “structural imbalance” signals that it probably won’t experience a 
significant downturn in the near term, says 21Shares crypto research 
strategist Matt Mena.

Bitcoin ‘increasingly unlikely’ to see prolonged correction: 21Shares

Bitcoin price started a downside correction from the $123,200 zone. BTC is now 
trading below $120,000 and might find bids near the $115,500 zone. Bitcoin 
started a fresh decline from the new all-time high near $123,200. The price is 
trading below $120,000 and the 100 hourly Simple moving average. There was a 
break above a bearish trend line with resistance at $117,300 on the hourly 
chart of the BTC/USD pair (data feed from Kraken). The pair might start 
another increase if it clears the $120,000 resistance zone. Bitcoin Price 
Corrects From New ATH Bitcoin price started a fresh increase after it cleared 
the $118,500 resistance zone. BTC gained pace for a move above the $120,000 
and $122,000 resistance. The bulls even pumped the pair above the $123,000 
zone. A new all-time high was formed at $123,140 and the price is now 
correcting gains. There was a move below the 23.6% Fib retracement level of 
the upward move from the $108,636 swing low to the $123,140 high. Bitcoin is 
now trading below $120,500 and the 100 hourly Simple moving average. However, 
the price is holding the 50% Fib level of the upward move from the $108,636 
swing low to the $123,140 high. Besides, there was a break above a bearish 
trend line with resistance at $117,300 on the hourly chart of the BTC/USD 
pair. Immediate resistance on the upside is near the $118,500 level. The first 
key resistance is near the $120,000 level. The next resistance could be 
$122,000. A close above the $122,000 resistance might send the price further 
higher. In the stated case, the price could rise and test the $123,200 
resistance level. Any more gains might send the price toward the $125,000 
level. The main target could be $130,000. More Losses In BTC? If Bitcoin fails 
to rise above the $120,000 resistance zone, it could continue to move down. 
Immediate support is near the $115,850 level. The first major support is near 
the $115,500 level. The next support is now near the $114,150 zone. Any more 
losses might send the price toward the $112,500 support in the near term. The 
main support sits at $110,500, below which BTC might continue to move down. 
Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish 
zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below 
the 50 level. Major Support Levels – $115,500, followed by $114,150. Major 
Resistance Levels – $120,000 and $122,000.

Bitcoin Price Dips — Is This the Calm Before the Surge or the Storm?

The buyback strategy may boost investor confidence, potentially leading to 
increased market volatility and speculative trading in meme tokens.
The post $PUMP surges over 20% after team reportedly buys back nearly 3 
billion tokens appeared first on Crypto Briefing.

$PUMP surges over 20% after team reportedly buys back nearly 3 billion tokens

Corporate giants are snapping up bitcoin at breakneck speed, igniting warnings 
that unchecked accumulation could detonate a massive speculative bubble and 
shatter crypto’s decentralized foundation. Massive Bitcoin Hoards by 
Corporations Could Be Setting Up a Market Implosion A growing wave of 
corporate bitcoin accumulation is triggering concern among critics who argue 
the trend is fueling […]

Peter Schiff Warns: Bitcoin Treasury Strategy Is a Time Bomb of Speculation

House Speaker Mike Johnson says he’ll look to move forward with three crypto 
bills on Wednesday after some Republican lawmakers pulled support over wanting 
a CBDC ban.