FomoScope - Crypto FOMO Detection & Analysis

news.bitcoin.com Mar 13, 2025 04:20

South Korea Opens Door to Institutional Crypto Investment - South Korea is shifting its stance on crypto, moving towards a more open approach by lifting its ban on institutional crypto trading.The Financial Services Commission (FSC) will release crypto investment guidelines, with staggered timelines for different participants. This move aims to develop the crypto market while ensuring user protection. The guidelines will include best practices […]

FOMO: 90%

feeds2.benzinga.com Mar 13, 2025 04:16

XRP Ticks Higher On News That Ripple-SEC Case Could End Soon—Legal Team Reportedly Negotiating More \Favorable Terms\ On $125 Million Fine - The over four-year-long legal battle between blockchain company Ripple Labs and the Securities and Exchange Commission could conclude soon, a Fox Business journalist reported Wednesday. read more

XRP

FOMO: 85%

fxstreet.com Mar 13, 2025 03:20

BNB price tops $570 as Binance receives $2 billion investment from Dubai - BNB price rose as high as $574 on Thursday as markets reacted to news that Binance received major investments from an Abu Dhabi based firm.

BNB

FOMO: 90%

cointelegraph.com Mar 13, 2025 05:00

Ripple secures Dubai license to offer crypto payments in UAE - Blockchain payment provider Ripple received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE).The company announced on March 13 that it had secured its DFSA license, allowing it to operate in the Dubai International Financial Center (DIFC), a UAE free-economic zone with its own tax policies and regulatory framework.The announcement came almost six months after the company announced its receipt of an in-principle approval of the DFSA license. On Oct. 1, 2024, Ripple revealed that it was working to become licensed by the DFSA as it aimed to roll out its digital asset infrastructure in the UAE. Enabling blockchain-based global payments for UAE businessesWith this license, Ripple can now provide its global blockchain-based payment solutions to businesses across the UAE. The company said this allows it to cater to financial institutions looking for partners to help them use digital assets in real-world applications. In a news release sent to Cointelegraph, Ripple CEO Brad Garlinghouse said the UAE is “well-placed” to benefit from tech and crypto innovation, thanks to its early leadership and supportive environment:“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption.”Ripple also reported that it had seen increased demand across the Middle East for cross-border payments. The company said the demand was not limited to crypto-native firms but also came from traditional financial institutions. Related: UAE to introduce legal framework for DAOsRipple becomes the first crypto payment provider in the DIFCWith DFSA approval, Ripple has become the first blockchain-enabled payments provider to operate within DIFC’s free zone, according to DIFC CEO Arif Amiri.”We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC,” he said.The license allows Ripple to tap into opportunities in the UAE and the broader MENA region, he added.Magazine: The Sandbox’s Sebastien Borget cringes at the word ‘influencer’: X Hall of Flame

FOMO: 90%

coinpedia.org Mar 13, 2025 06:09

Crypto News Today, 13th March : Pi Network Price Surge, Hayden Davis Crypto, XRP News - The post Crypto News Today, 13th March : Pi Network Price Surge, Hayden Davis Crypto, XRP News appeared first on Coinpedia Fintech News March 13, 2025 05:53:01 UTC Pi Network Latest News : Pi Coin Price Surge 20% Today Pi Networks price has surged 20%, surpassing $1.70 ahead of its sixth...

XRP

FOMO: 90%

cointelegraph.com Mar 13, 2025 06:25

Ethereum falling knife warning: Is another 30% crash versus Bitcoin coming? - Ethereum’s native token, Ether (ETH), has dropped to its multi-year lows against Bitcoin (BTC), prompting analysts to predict further declines in the coming weeks.Falling knife warning furthers sell-off risks On March 13, ETH/BTC—a pair that tracks Ether’s strength against Bitcoin—dropped by over 1.50% to reach $0.022, its lowest level since May 2020.ETH’s descent is part of its multi-year downtrend that started when it established a record high of $0.156 in June 2017. Since then, it has plunged by more than 85%, underscoring Ether’s growing weakness against Bitcoin.Meanwhile, on the two-week ETH/BTC chart, the relative strength index (RSI), a momentum indicator used to measure whether an asset is overbought or oversold, has fallen to a record low of 23.32.ETH/BTC two-week price chart. Source: TradingViewTypically, when RSI drops below 30, it signals oversold conditions, potentially leading to a price rebound. However, in Ethereum’s case, RSI has continued to plunge even lower even two months after becoming oversold, suggesting that ETH’s downtrend is still accelerating rather than stabilizing.Crypto analyst Alessandro Ottaviani has described the situation as a “falling knife” scenario—a term used to describe an asset that is experiencing a rapid and steep decline, often discouraging buyers from stepping in too soon. A falling knife implies that attempting to catch the asset at a perceived low could lead to further losses if the downtrend persists.For Ethereum to signal a potential reversal, traders will be watching for RSI stabilization and reclaim of key resistance levels. That ideally begins with a rebound from the 0.022 BTC level, which had limited ETH/BTC’s downside attempts in December 2020, leading to a 300% rally.ETH/BTC weekly price chart. Source: TradingViewShould a rebound happen, the ETH/BTC pair can rally toward its 0.382 Fibonacci retracement line at around 0.038 BTC, aligning with the 50-week exponential moving average (50-week EMA; the red wave).Until then, the technical outlook suggests that ETH/BTC could remain trapped in its falling knife trajectory, with the next potential downside targets at historical support levels inside the 0.020-0.016 BTC range.ETH/BTC two-week price chart. Source: TradingViewThe lowest point of this range is approximately 30% below the current price levels.ETH/BTC fundamentals support a bearish outlookEther’s prospects of declining further against Bitcoin are rooted in factors beyond technical analysis. For instance, Ethereum currently faces strong competition from rival layer-1 blockchains, namely Solana (SOL). Related: The worst thing that happened to Ethereum — Bitcoin up 160% since the MergeVanEck noted that Solana’s decentralized exchange volume has surpassed Ethereum’s even during a steep dropoff in memecoin trading activity. Meanwhile, Solana’s volume has risen consistently in recent months, which coincides with a decline in Ethereum’s volumes.Solana vs. Ethereum DEX volumes. Source: VanEckFurthermore, the launch of spot Bitcoin ETFs has fundamentally altered the traditional crypto market cycle that used to benefit Ethereum and other altcoins.Historically, after Bitcoin surged post-halving, capital rotated into altcoins, triggering an “altseason” where ETH and other assets outperformed BTC. However, the $129 billion inflows into Bitcoin ETFs in 2024 have disrupted this cycle, draining liquidity from the broader altcoin market—including Ethereum.Bitcoin Dominance Index weekly price chart. Source: TradingViewAnother factor is Ethereum-specific selling pressure. The recent Bybit hack reportedly led to substantial ETH liquidations, with some of that value laundered via decentralized platforms like Thorchain. This absorbed sell-off may still be rippling through the market, depressing ETH’s relative value.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%

newsbtc.com Mar 13, 2025 06:30

Bitcoin Posts Modest Gains After February CPI Inflation Comes In Cooler Than Expected - Bitcoin (BTC) recorded slight gains as the Consumer Price Index (CPI) inflation rate for February came in lower than expected. The softer inflation reading fuelled hopes of interest rate cuts by the US Federal Reserve (Fed), potentially benefiting risk-on assets. Bitcoin Jumps As Inflation Cools...

BTC

FOMO: 85%

coinpedia.org Mar 13, 2025 06:45

XRP News Today : Ripple Gains Green Light for Crypto Payments in Dubai - The post XRP News Today : Ripple Gains Green Light for Crypto Payments in Dubai appeared first on Coinpedia Fintech News Ripple made cross-border payments easy! Ripple has secured approval from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai...

XRP

FOMO: 90%

dailyhodl.com Mar 13, 2025 07:04

Bitcoin Ready To Rally After Hitting Same Extreme Fear Levels of COVID Crash and 2022 Bear Market: Trader - A widely followed crypto analyst says that one metric suggests Bitcoin (BTC) is gearing up for a massive breakout. In a new strategy session, pseudonymous crypto trader Inmortal tells his 230,900 followers on the social media platform X that the Crypto Fear and Greed Index is flashing bullish...

BTC

FOMO: 90%

@BTC_Archive Mar 13, 2025 07:44

gm gm:) ️ Inflation down. Liquidity up. Sentiment is trash = Bottom is here. Time to send it!

FOMO: 90%

cryptopolitan.com Mar 13, 2025 07:58

U.S. Congressman says the Bitcoin Act will not infringe individuals from owning BTC - US Congressman Nick Begich clarified that the Bitcoin Act did not infringe on private Bitcoin ownership. He added that Bitcoin protected the rights of individuals and businesses to own, hold and transact Bitcoin freely.

S

FOMO: 85%

voiceofcrypto.online Mar 13, 2025 08:09

Uniswap Lawsuit Win: Court Dismisses SEC Case—Is a UNI Rally to $10 Next? - Uniswap Scores Major Legal Victory as Court Decisively Dismisses SEC Case—Could This Win Spark a Rally for UNI Token Toward the $10 Price Level?

UNI

FOMO: 85%

@BTC_Archive Mar 13, 2025 08:15

OFFICIAL: 🇺🇸 The Bitcoin Act to buy 1 MILLION $BTC is under consideration by Congress.

BTC

FOMO: 90%

cointelegraph.com Mar 13, 2025 08:30

3 reasons why Ethereum can outperform its rivals after crashing to 17-month lows - Ether (ETH) fell 13% between March 8 and March 11 as investors moved to short-term fixed-income and cash positions, seeking safety amid a global tariff war and rising fears of an economic downturn. ETH price needs 29% gains to reclaim $2.5KMarket concerns escalated after the United States responded to Canada’s electricity surcharge with retaliatory measures.S&P 500 futures (left, magenta) vs. Ether/USD (blue). Source: TradingView/CointelegraphTypically, traders tend to overreact, increasing the likelihood that Ether will rebound faster than other assets once market sentiment improves. While some argue that risk assets are driven by inflation and economic growth data, others believe gains depend on stimulus measures and monetary expansion.Regardless of the catalyst for the next bull run, Ether price must climb 29% from its current $1,940 level to reclaim $2,500. This move will likely require increased demand from leveraged buyers, whose activity is now at its lowest point in five months.ETH 2-month futures annualized premium. Source: Laevitas.ch/CointelegraphTraders want higher prices to compensate for longer settlement periods, making a 5% to 10% annualized premium (basis rate) expected in neutral markets. When rates fall below this range—such as the current 4.5%—it signals weak bullish conviction.Excessive optimism played a role in Ether’s recent correction, as $235 million in leveraged long positions were liquidated between March 10 and March 11.The panic selling drove ETH to a low of $1,744, its lowest level since October 2023. However, several indicators suggest a potential recovery, as ETH derivatives and onchain metrics show resilience.Ethereum L2 network growsEther is trading 60% below its $4,868 all-time high from November 2021. This decline is largely due to increased competition in the smart contract sector and waning demand for applications such as non-fungible tokens (NFTs), gaming, collectibles, metaverse projects, social networks, and Web3 infrastructure.However, this perspective overlooks a key factor. In late 2021, the average transaction fee exceeded $50, while activity on Ethereum’s layer-2 ecosystem was 97% lower than it is today. For context, a token swap on Ethereum’s base layer cost $1.70 on March 11 despite the number of daily average operations per second growing, highlighting notable progress in network efficiency.Ethereum layer-2 daily average operations per second. Source: L2beatEven if bots generate 80% of layer-2 transactions, the remaining 20% of activity on Base, Arbitrum, Optimism, ZKsync, and Blast is still roughly three times higher than Ethereum’s base layer. However, critics have a valid argument: despite the surge in network activity, validators are earning significantly less compared to late 2021.Ethereum regains DEX top-spot, TVL grows Ethereum has reinforced its position as the second-most popular option for institutional investors in traditional finance, supported by $8.9 billion in spot exchange-traded funds (ETFs). Meanwhile, competitors such as Solana still await regulatory approval for similar ETF products. Even if they gain approval, they cannot match the first-mover advantage of the Grayscale Ethereum Trust, which began public trading on over-the-counter markets in June 2019.Moreover, Ethereum smart contract deposits, measured by total value locked (TVL), reached their highest level since July 2022 in ETH terms on March 11, marking a 10% increase over the past two weeks.Related: The strategic crypto reserve will fuel ecosystem growthEthereum network TVL, ETH. Source: DefiLlamaAt 24 million ETH, Ethereum’s TVL has been driven by the growth of liquid staking, lending, yield farming, and real-world asset tokenization. The network recently reclaimed its leading position in decentralized exchange volumes, reaching $20.5 billion over seven days and surpassing Solana’s $13.9 billion, according to DefiLlama data.This provided a bullish outlook for ETH’s price, driven by layer-2 transactions nearing all-time highs, reclaiming of the top spot in DEX volume, and rising TVL deposits. Ultimately, Ether’s trend reversal remains highly dependent on macroeconomic improvements, but once stabilized, ETH is well-positioned to regain $2,500 as a key support level in the coming weeks.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

FOMO: 88%

cryptonews.com Mar 13, 2025 08:00

Bitcoin Hits $83.5K as Texas Eyes $250M BTC Fund—Whats Next for Crypto? - Bitcoin hovers at $83.5K as Rumble invests $17M in BTC, Texas proposes a $250M crypto fund, and ETF outflows weigh on prices. Will BTC break $85K soon? The post Bitcoin Hits $83.5K as Texas Eyes $250M BTC Fund—Whats Next for Crypto? appeared first on Cryptonews.

FOMO: 85%