A less likely but possible scenario is that the U.S. is preparing to revalue its gold reserves based on current market prices, which are near $3,000 per ounce.
Meanwhile, after a continuous decline, Alts are showing relative resilience, with leading projects such as KAITO, IP, and PI continuing to squeeze shorts.
The market is paying close attention to the movement of altcoins going forward.
The key support level below is around the $81,000 mark, which is the midpoint of this rally. ETH and SOL are showing weak performance, with particular attention needed on SOL for a potential sharp rebound once the selling pressure ends.
Bitcoin remains highly volatile; if BTC stays above $90.5K, a breakout to the upside could happen by mid-March.
By reducing the complexity and removing intermediaries, DeFAI is paving the way for a more user-friendly experience in decentralized finance (DeFi).
The market focus could be on projects that previously saw significant pullbacks. BTC’s market dominance is 61.28%, and the market cap of TOTAL3 is $900 billion.
For a positive on-chain wealth effect, SOL needs to sustain its rebound. The current focus is on the trends of ETH, which indicate altcoin movements, and SOL, which is related to on-chain wealth effects.
After the intense selling pressure, Bitcoin began to rebound. Attention is now on whether it can stabilize around the $95,510 mark.
AI and meme projects capture investor interest 📈. Bitcoin's dominance and key price levels will dictate altcoin performance. Regulations in Texas, Hong Kong, and China could shape the industry's trajectory 🌍.
With the market now foreseeing just one 25-basis-point reduction in December, Bitcoin dipped to $94,088 before rebounding above $97,000.
Fed Chair Jerome Powell has indicated that the agency has no urgency to cut the interest rates, which led to a drop in BTC price to $94.8K.
As Bitcoin consolidates, several AI-related projects, having recently bottomed out, are beginning to show signs of recovery and warrant close attention.
Bitcoin's daily moving average (MA140) is gradually rising, now at $87,186. This suggests a potential turning point around $90,000—near the recent lows of $91,231 and $89,256, which bearish pressures have repeatedly tested.
Adam Glapiński, the President of the National Bank of Poland and chairman of the Monetary Policy Council, reinforced the central bank’s priority to maintain the absolute security of its reserve assets.
BTC's resistance near $102,000 could lead to revisiting previous highs if stably surpassed.
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