Bitcoin dominance (BTC.D), the metric tracking Bitcoin’s share of the total cryptocurrency market capitalization, has dipped to 58.47%, showing a notable decline in recent weeks. This movement highlights a shifting market dynamic as capital flows increasingly toward altcoins. The chart reveals that Bitcoin dominance is now hovering just above a critical support zone near 58%, a level that has historically acted as a pivot for market sentiment. A sustained break below could open the door for a deeper decline toward the 57% range, where buyers previously stepped in to stabilize dominance. On the upside, resistance remains heavy between 60% and…
Author: Blockto Team
XRP Maintains Critical Levels Amid Market Volatility XRP has managed to hold above the crucial $2.80 support zone, sparking renewed interest among traders who see potential for a bullish reversal. The price, currently hovering near $3.04, has rebounded after testing strong demand areas highlighted on the chart. The 4-hour chart shows a clear shift from a descending channel pattern observed earlier in June to a strong bullish breakout that pushed XRP above $3.50 before facing resistance. The recent pullback found buyers near the green demand zone between $2.80 and $2.95, indicating robust accumulation. “Maintaining support above $2.80 is vital for…
Fed’s policy shift, $4.8B options expiry, and whale moves define the week in crypto The week of August 16–23, 2025 delivered significant developments for the cryptocurrency market, with Bitcoin consolidating near $116,000 and Ethereum breaking into new all-time highs above $4,800. From central bank signals to institutional rotations, traders navigated a mix of volatility and optimism. Federal Reserve Boosts Market Sentiment Markets gained momentum after Federal Reserve Chair Jerome Powell hinted at possible interest rate cuts during the Jackson Hole Symposium. This dovish tone sparked renewed interest in risk assets. Bitcoin rose 3.5% to trade around $115,575, while Ethereum surged…
Bitcoin and Ether Rally Following Powell’s Jackson Hole Speech The crypto market sentiment has shifted back to “Greed” after U.S. Federal Reserve Chair Jerome Powell hinted at the possibility of a rate cut in September, sparking a strong rally in Bitcoin (BTC) and Ether (ETH). According to the Crypto Fear & Greed Index, the sentiment score climbed to 60 (Greed) on Saturday, a significant rise from Friday’s neutral reading of 50, and a sharp recovery from earlier in the week when it dipped into “Fear.” This surge in optimism followed Powell’s remarks at the Jackson Hole economic symposium, where he…
DOGE/USD Shows Strength Following 11% Surge Dogecoin (DOGE) has displayed early signs of a bullish structure after breaking out of a prolonged downtrend channel. The breakout, accompanied by a noticeable increase in trading volume, drove an 11% price surge, signaling renewed buying interest among traders. DOGE recently tested a major support level near $0.0026, marked by strong buying pressure. This green zone, visible on the chart, acted as a critical base for the recent move higher. After rebounding from this level, Dogecoin is now trading near $0.0029, attempting to reclaim short-term resistance levels. The breakout from the descending channel pattern…
High-profile crypto trader James Wynn is back in the headlines with another high-risk move—opening a 25x leveraged long on Ethereum (ETH) as the second-largest cryptocurrency soared to fresh highs. While his Ether bet is paying off handsomely, his parallel Dogecoin trade is struggling in the red. Massive 25x Leverage on Ethereum According to on-chain data, Wynn deployed around $5,568 in margin to control a 29.3 ETH position worth $139,215, with an average entry price of $4,239. With ETH currently trading near $4,860, his position shows unrealized gains of $14,888—a staggering 267% return on margin. This move comes as Ethereum hit…
The global crypto industry is facing fresh challenges and opportunities this week. From U.S. Bitcoin miners grappling with tariffs to Polkadot launching a capital markets division, and even China hinting at yuan-backed stablecoins, the landscape is shifting rapidly. Meanwhile, SharpLink makes a massive ETH purchase, signaling confidence in Ethereum’s long-term potential. Bitcoin Miners Face $100M+ Tariff Hit The U.S. Bitcoin mining sector has been caught in the crossfire of the ongoing trade war. Publicly listed miners like CleanSpark and IREN have revealed potential tariff liabilities of $185 million and $100 million, respectively, according to The Miner Mag. The U.S. Customs…
Trish Turner, the head of the IRS digital assets division, has stepped down after only three months in the role. Turner’s exit marks another high-profile departure from the agency’s crypto unit, following two previous private-sector executives who each served about a year. A Short Tenure at the IRS Turner announced her resignation on LinkedIn, stating:“After more than 20 years with the IRS, I have closed an extraordinary chapter of my career with deep appreciation for those who shaped my journey and made the work so meaningful.” During her brief tenure, Turner played a role in shaping the IRS’s digital asset…
LINK jumps over 117% in recent weeks and gains fresh momentum with a 24-hour surge, testing major resistance near $27–$28. Chainlink (LINK) has continued its impressive rally, climbing to $26.05 after a strong breakout from a falling wedge pattern. Over the past 24 hours, LINK surged nearly 5%, adding to its remarkable multi-week run that has seen the token gain more than 117% from July lows. On the daily chart, LINK is currently consolidating just below a major resistance zone between $27 and $28, marked in gray. This area previously acted as a ceiling during December’s rally and is now…
Arizona lawmaker David Schweikert has introduced the “Scam Farms Marque and Reprisal Authorization Act of 2025”, aiming to revive 18th-century privateering laws for the digital age. The proposed legislation would allow the US President to issue letters of marque authorizing private individuals or groups to target cybercriminals on behalf of the government. What Does the Bill Cover? The proposal targets a wide range of cyber threats, including: The bill classifies these acts as “unusual and extraordinary threats” to US economic and national security, framing them as acts of war by criminals and hostile entities. Seized Crypto and National Reserve If…
