FomoScope - Crypto FOMO Detection & Analysis

feeds2.benzinga.com Mar 12, 2025 11:59

Bitcoin Is \Digital Sound Money\ In The Safest, Most Prosperous Time In History, Anthony Pompliano Says - Anthony Pompliano, founder and CEO of Professional Capital Management, on Wednesday asserted that humanity is experiencing the safest and most prosperous era read more

FOMO: 90%

feeds2.benzinga.com Mar 12, 2025 11:51

Bitwise Launches ETF Tracking Firms With Over 1,000 Bitcoin - Crypto asset manager Bitwise Asset Management, overseeing $12 billion in client assets, has announced the launched the Bitwise Bitcoin Standard Corporations ETF (NYSE:OWNB) on NYSE Arca, targeting companies holding at least 1,000 Bitcoin (CRYPTO: read more

FOMO: 85%

daily.shib.io Mar 12, 2025 11:39

Sen. Cynthia Lummis Revives BITCOIN Act to Build US Crypto Reserve - Senator Cynthia Lummis has reintroduced the BITCOIN Act during a conference hosted by The Bitcoin Policy Institute. The updated legislation includes new provisions and additional co-sponsors, signaling a renewed push for integrating Bitcoin into U.S. financial strategy. The newly revised...

FOMO: 85%

crypto-economy.com Mar 12, 2025 11:35

Bitcoin Bounces Back Above $82K – Market Sentiment Shifts Bullish - TL;DR Bitcoin surpassed $82,000 again, marking a 1.01% recovery after the recent decline triggered by global economic tensions. Altcoins like XRP (+8.3%) and Cardano (+5.6%) lead the surge, demonstrating strong investor interest following the market-wide correction. Senator Cynthia Lummiss...

BTC

FOMO: 85%

altcoinbuzz.io Mar 12, 2025 11:31

Texas Introduces HB 4258 to Invest $250M in Bitcoin - The bill aims to allocate up to $250 million of state funds to Bitcoin and digital assets. It signals Texass growing commitment to the future of finance. Additionally, the bill allows local governments across Texas to invest up to $10 million in Bitcoin. Texas HB 4258: A Bold Step Toward...

BTC

FOMO: 85%

cointelegraph.com Mar 12, 2025 11:16

Gemini crypto exchange adds USD payment rails for European institutions - Gemini crypto exchange, founded by Cameron and Tyler Winklevoss, is expanding its trading capabilities for institutional clients in Europe by introducing US dollar payment supportGemini has partnered with Liechtenstein-based Bank Frick to enable US dollar payment rails for institutional customers in the United Kingdom and Switzerland, the firm said in an announcement shared with Cointelegraph on March 12.“We plan to expand our rollout of USD rail support to our European Union institutional customers in the next few weeks,” said Gemini’s head of Europe, Mark Jennings.The new functionality will also be available to Gemini’s institutional users in Gibraltar, Jersey, Guernsey and the Isle of Man.Direct crypto trades with US dollarGemini’s new US dollar feature — also coming to some countries in the European Economic Area — will enable institutions to deposit and withdraw US dollars to and from their Gemini accounts with no fees.The functionality will also enable institutions to access US dollar-to-crypto trading pairs and directly trade with US dollars on Gemini, rather than having to convert to the British pound or euros, removing friction, Jennings told Cointelegraph, adding:“With interest in institutional crypto adoption exploding in recent years, US dollar rails will be key in giving a seamless and frictionless trading experience.”For deposits, Gemini will utilize Bank Frick’s instant transfer service called xPulse, which will provide a 24/7 fiat on-ramp for institutional customers who have a Bank Frick bank account, the firm noted.Gemini will provide the feature via its EMI-licensed entitiesAccording to Jennings, Gemini’s new functionality will be available directly on the platform through its own entities that have received Electronic Money Institution (EMI) licenses.“Unlike most CASPs [crypto asset service providers] that rely on partnerships for funding rails due to the lack of an EMI license, our regulatory-first approach allows us to provide seamless funding solutions directly through our own EMI-licensed entities,” the exec told Cointelegraph.It is unclear how widespread US dollar trading support is among other European crypto exchanges and service providers.Related: SEC closed investigation into Gemini with no action, says WinklevossMajor crypto exchange Coinbase introduced US dollar trading pairs for European customers in 2019 for Coinbase Pro and Prime customers. The exchange halted its Pro service in 2023.The news comes soon after Gemini reportedly submitted a confidential filing for an initial public offering (IPO) in the United States.Source: BloombergAccording to Bloomberg’s sources, Gemini’s IPO may be launched as soon as this year and would involve companies like Goldman Sachs and Citigroup.Gemini has been working to go public since at least 2021 and reportedly considered a merger with the now-bankrupt venture capital firm Digital Currency Group.Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

FOMO: 90%

www.coindesk.com Mar 12, 2025 11:02

Bitcoin Forms Bullish RSI Divergence Just in Time for U.S. CPI - The bullish divergence means the stage is set for a positive response to a potential soft U.s.

FOMO: 85%

coinpedia.org Mar 12, 2025 10:47

Pi Network Price Prediction 2025: PI Price Gearing Up for a 100% Rise Ahead of Pi Day - The post Pi Network Price Prediction 2025: PI Price Gearing Up for a 100% Rise Ahead of Pi Day appeared first on Coinpedia Fintech News Pi Day is an annual celebration of the mathematical constant Pi, expressed with the decimal 3.14. Interestingly, the mathematical event is considered a bullish...

FOMO: 90%

youtube.com Mar 12, 2025 10:39

Is This A Big Win For Crypto? - 🚨 Could this development represent a significant turning point and major victory for cryptocurrency?

FOMO: 90%

altcoinbuzz.io Mar 12, 2025 10:26

Newmarket Capital CEO proposes $2T Bit Bonds to buy Bitcoin - The idea, which may seem out of left field to some, could have a profound impact on Americas economic future. It would diversify reserves and strengthen the countrys position in the global digital economy. If this is done, it will be bullish news for Bitcoin. Bit Bonds Proposal to Boost U.S....

BTC

FOMO: 90%

cointelegraph.com Mar 12, 2025 09:35

Is Bitcoin price going to crash again? - Bitcoin (BTC) tapped $83,700 during the early Asian hours on March 12 after reaching a low of $76,600 on March 11 amid a slight improvement in market sentiment. BTC/USD facing rejection from the $84,000 level raises questions about whether BTC price could drop further over the next few days.BTC/USD hourly chart. Source: Cointelegraph/TradingViewDemand for Bitcoin remains weakSpot Bitcoin exchange-traded funds (ETF) outflows have played a big role in the BTC price drop since late February, surpassing $1.5 billion over the last two weeks.Related: Why is Bitcoin price up today?Meanwhile, Bitcoin’s apparent demand remains low, implying a decline in risk appetite from potential investors, according to data from market intelligence firm CryptoQuant, What to know:Apparent demand is the difference between production and changes in inventory. Production refers to BTC mining issuance, while inventory refers to inactive supply for over a year.Apparent demand weakens if production exceeds inventory reduction.After a period of acceleration between November 2024 and December 2024, fueled by President Donald Trump’s victory, Bitcoin apparent demand dropped from 279,000 BTC on Dec. 4 to 10,000 on Feb. 26.On Feb. 27, the metric turned negative for the first time since September 2024.It currently stands at -93,700 BTC at the time of writing. If the trend continues, the price could dip lower, just as it happened in July 2024.The chart below shows that Bitcoin apparent demand was at similar levels on July 27, 2024, after which BTC price dropped a further 30% to $49,000 on Aug. 5, 2024.Bitcoin apparent demand. Source: CryptoQuantHowever, this metric does not always guarantee more downside in the future. For example, it was also negative in late May 2024 and late October 2024 before the price rallied 7% and 73%, respectively.Bitcoin valuation metrics hint at deeper correction Data from Cointelegraph Markets Pro and TradingView show Bitcoin price trading 7% above its four-month low of $76,600 reached on March 12. Despite this rebound, several valuation metrics are still leaning bearish, suggesting a deeper correction is possible, according to CryptoQuant.The Bitcoin bull-bear market cycle Indicator is at its “most bearish level of this cycle.The bull/bear market cycle indicator is a momentum metric that measures the difference between the P&L Index and its 365-day moving average.Values above 0 show that BTC is in a bull market, while values below 0 indicate a bear market.The current value of -0.067 is at the lowest level since May 2023, when Bitcoin’s price embarked on a sustained recovery.Bitcoin: Bull-bear market cycle indicator. Source: CryptoQuantMeanwhile, the MVRV ratio Z-score has crossed below its 365-day moving average, indicating that the upward price trend has lost momentum.The MVRV ratio Z-score is a key metric used to assess whether Bitcoin is overvalued or undervalued. “Historically, valuation metrics at these levels have signaled either a sharp correction or the start of a bear market.”Bitcoin price bear flag hints at $68,400From a technical perspective, BTC price is trading within a bearish continuation pattern that indicates a potential correction ahead.Key points:BTC is trading within a bear flag pattern, indicating the possibility of more downside if key support levels don’t hold.The bear flag developed after Bitcoin dropped from $92,000 to a local low of $76,600 between March 6 and 11.The consolidation within the bear flag has BTC trading in an ascending parallel channel, with today’s drop testing critical support levels, including the lower boundary of the flag at $82,000.BTC/USD four-hour chart. Source: Cointelegraph/TradingViewA breakdown of this level could trigger another price crash.The bear flag’s downside target, derived from the height of the previous drop, is approximately $68,400, representing a 17% drop from the current price.CryptoQuant analysts, meanwhile, say that if the current support zone between $75,000 and $78,000 doesn’t hold, Bitcoin could go even lower to $63,000.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%

coinpedia.org Mar 12, 2025 09:36

Bitcoin Surges to $82K Amid SECs ETF Delays and Lummis Bitcoin Reserve Plans - The post Bitcoin Surges to $82K Amid SECs ETF Delays and Lummis Bitcoin Reserve Plans appeared first on Coinpedia Fintech News Bitcoin (BTC) bounced back to around $82,000 after dropping below $78,000 on Sunday, sparking a small rally in major tokens. Ether (ETH), BNB, XRP, and Cardanos ADA...

BTC

FOMO: 85%

cointelegraph.com Mar 12, 2025 08:35

Why is Bitcoin price up today? - Bitcoin (BTC) is up 5% over the past 24 hours, as the cryptocurrency rallied from a new local low at $76,450 to a high of $83,786 on March 12. On the weekly chart, BTC’s price retested its 50-weekly exponential moving average or 50W-EMA indicator (blue line) as support.Bitcoin 1-week chart. Source: Cointelegraph/TradingViewAs observed in the chart, Bitcoin’s price has maintained a position above this indicator since August 2023, which is a long-term bullish position. The 50 EMA level has been a support level for Bitcoin over the last 18 months. Previously, Bitcoin bounced off this trendline in September 2024 before continuing to new all-time highs.Bitcoin shows multiple bullish divergencesBefore its relief rally, Bitcoin’s low time frame (LTF) and high time frame (HTF) charts displayed bullish divergences between price and the relative strength index (RSI) indicator.Bullish divergences occur when the price and RSI move in opposite directions, with the price making a lower low and the RSI forming a higher low. Such technical setups indicate that underlying bullish momentum is improving to possibly reverse the dominant bearish trend.Bitcoin bullish divergences across the 15-min, 1-hour, 4-hour and 1-day charts. Source: Cointelegraph/TradingViewAs illustrated in the chart, bullish divergences appeared on the 15-minute, 1-hour, 4-hour, and 1-day charts, which improved the probability of a short-term rebound. Meanwhile, the RSI created a higher low on each chart after the indicator dropped below the 30 level, which is the oversold region. The oversold region hints at declining sell pressure, with buyers potentially stepping in to reverse the trend. A bullish divergence on the daily chart is also a rare event. Since 2020, BTC has exhibited a similar technical setup only six times (including the current one), signaling a bottom on each occasion. The last divergence took place between July and August 2024.Related: Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at $70KLikewise, Bitcoin’s recent sweep below its previous lows at $78,150 collected all the existing liquidity on the downside. This helped BTC price to rebound above the $80,000 mark. According to the liquidation heatmap, BTC has cleared downside liquidity, leaving over $250 million in leveraged positions on the upside, specifically between $85,000 and $87,000. Thus, Bitcoin might rally toward this range in the next few days.Bitcoin 1-week liquidation heatmap. Source: CoinGlassBitcoin inverse head and shoulder eyes $88KOn the 1-hour chart, Bitcoin’s price has formed an inverse head and shoulder over the past few days, hinting at confirmation if a candle closes above the neckline of $83,800.Bitcoin 1-hour chart. Source: Cointelegraph/TradingViewBitcoin could retest a higher price range if it decisively breaks above the neckline. The pattern target suggests a 7% upswing from the neckline, pushing Bitcoin to $89,000. This target aligns with the Fibonacci retracement levels, namely the 0.50 and 0.618 Fibs. These levels are Bitcoin’s recent lower high of $96,450 and lower low of $76,560.Related: 4 signs that $76.7K Bitcoin is probably the ultimate lowHowever, the bullish pattern will undergo invalidation if the BTC value drops under $78,500. A drop below that level would invalidate the current higher-high bullish setup on the lower time frame.RektProof provided a similar insight, with the crypto analyst expecting the price to consolidate near overhead resistance between $86,000 and $88,000. However, due to a strong demand zone near $74,000 to $70,000, the trader expects the price to eventually drop and form new price lows in the coming days or weeks.Bitcoin short-term analysis by RektProof. Source: X.comThis 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: 90%

cointelegraph.com Mar 12, 2025 09:05

Bitcoin whales hint at $80K market rebound as Binance inflows cool - Bitcoin (BTC) whales are back buying BTC while “panic” keeps smaller investors away, new research reports.Data from onchain analytics platform CryptoQuant shows sell-side pressure from Binance whales cooling.Bitcoin whales reset market approachBitcoin at $80,000 is proving attractive for large-volume investors — or at least a poor-value selling proposition for those wishing to exit the market.In one of its “Quicktake” blog posts on March 12, CryptoQuant contributor Darkfost revealed that the proportion of the top ten largest inflows to Binance attributed to whales has fallen.“Monitoring whale behavior has consistently provided valuable insights into potential market movements,” he summarized. “Given that Binance handles the highest volumes, analyzing the Bitcoin exchange whale ratio on Binance provides a good insight into broader whale activity.”Bitcoin exchange whale ratio (Binance). Source: CryptoQuantThe exchange whale ratio has, in fact, exhibited a broad downtrend since mid-January when BTC/USD hit its latest all-time highs.“Currently, this ratio is declining, implying that Binances whales are reducing their selling pressure,” the post continues. “Historically, an increasing ratio has been associated with short-term price corrections or consolidation phases, while a decreasing ratio has often preceded bullish trends. If this trend of diminishing selling pressure continues, it could help end the current correction and potentially signal a market rebound.”As Cointelegraph reported, both whales and larger entities holding at least 10 BTC have begun to accumulate coins this month, albeit at modest rates.Prospective BTC buyers “hesitant” at $80,000Overall appetite for BTC exposure nonetheless remains suppressed.Related: Bitcoin gets March 25 blast-off date as US dollar hits 4-month lowIn the latest edition of its regular newsletter, “The Week Onchain,” analytics firm Glassnode pointed to lackluster demand at current prices.It referenced capital flows by short-term holders (STHs) — speculative entities holding coins for up to six months. Within this cohort, buyers holding between one week and one month now have a lower cost basis than those holding for between one and three months.“With Bitcoin prices dropping below $95k, this model also confirmed a transition into net capital outflows, as the 1w–1m cost basis fell below the 1m–3m cost basis,” researchers explained. “This reversal indicates that macro uncertainty has spooked demand, reducing new inflows and arguably increasing the probability of further sell pressure and a prolonged correction. This transition suggests that new buyers are now hesitant to absorb sell-side pressure, reinforcing the shift from post-ATH euphoria into a more cautious market environment.”Bitcoin STH capital inflows (screenshot). Source: GlassnodeThis 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%

cointelegraph.com Mar 12, 2025 08:00

Nigeria’s crypto future: Striking a balance between innovation and regulation - Opinion by: Mohammed Idris, Minister of Information of NigeriaNigeria has emerged as one of the most active and dynamic crypto markets in recent years. From bustling tech hubs in Lagos to grassroots communities in smaller cities, young Nigerians have turned to cryptocurrencies to address fundamental economic challenges, from hedging against inflation to accessing global markets in a way traditional finance often does not allow.As minister of information, I have seen firsthand how digital innovation has become crucial to the Nigerian story. Cryptocurrencies, blockchain technology and other digital assets are no longer on the fringes of our economy; they are fast becoming central to how our people transact, create and build.This rise in crypto adoption has not, however, come without challenges. Questions around regulation, consumer protection, security and misuse of digital assets have fueled debates in Nigeria and globally. I write to clarify Nigeria’s position: We are committed to fostering an inclusive digital asset ecosystem that is both innovative and responsible.Nigeria is a crypto hubAccording to several international reports, Nigeria consistently ranks among the top countries in terms of crypto adoption. Our population — over 200 million strong, with a median age under 20 — is naturally inclined toward new technologies. Crypto has become more than a speculative tool; it’s a lifeline for freelancers, small businesses and families receiving remittances.Yet despite the widespread use of cryptocurrencies, Nigeria has wrestled with how to regulate this sector effectively. Earlier approaches included restrictions on financial institutions from facilitating crypto transactions, which inadvertently pushed much of the activity underground, away from proper oversight.Nigeria moves toward robust regulationUnder the administration of President Bola Ahmed Tinubu, Nigeria is reassessing its approach. We are moving away from blanket restrictions toward thoughtful, balanced regulation that acknowledges both the risks and the transformative potential of crypto and blockchain technologies.Our objective is to create a regulatory framework that fosters innovation, ensures market integrity and protects Nigerian consumers. This involves active engagement with stakeholders from crypto startups and blockchain developers to international partners and regulatory bodies.Recent: Nigeria to tax cryptocurrency transactions for revenue boostNigeria’s stance is simple. We support innovation that benefits our people, but we will not allow misuse that harms them.We recognize the legitimate use cases for cryptocurrencies, including:Financial inclusion for the unbanked and underbanked.Cross-border payments and remittances that avoid high fees.Access to global markets for Nigerian entrepreneurs and freelancers.New digital economies, such as decentralized finance (DeFi) and non-fungible tokens (NFTs), offer opportunities for wealth creation.At the same time, we are determined to address concerns around fraud, money laundering, terrorism financing and other illicit activities. Effective regulation, rather than prohibition, is the path forward.Nigeria and blockchainNigeria sees blockchain technology as more than just crypto trading. Blockchain can be a powerful governance, transparency and service delivery tool.Already, conversations are underway on how blockchain can improve public systems, such as:Land registries to reduce fraud and strengthen property rights.Identity management systems to enhance financial inclusion.Supply chain monitoring to improve food security and public procurement.A collaborative approach Nigeria is not navigating this journey alone. As we develop new policies and frameworks, we look to global best practices and seek collaboration with international platforms and regulators.We invite crypto companies, investors, innovators and advocates to engage with us. We aim to create a transparent and predictable environment where businesses can thrive while ensuring Nigerian citizens are protected from undue risks.Nigeria’s approach to crypto is evolving, and with good reason. The potential for digital assets and blockchain to contribute to economic growth, job creation and financial empowerment is too significant to ignore.To realize these benefits, we must build trust in the system through effective regulation, education and international cooperation.To the global crypto community, I say this: Nigeria is open to innovation, but we are equally committed to ensuring that such innovation operates within a secure, transparent and inclusive framework.We look forward to working together — for the benefit of Nigerians and the global advancement of responsible crypto adoption.Opinion by: Mohammed Idris, Minister of Information of Nigeria.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: 90%