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cointelegraph.com Mar 25, 2025 10:22

Bitcoin flips macro bullish amid first Hash Ribbon buy signal in 8 months - Bitcoin (BTC) traders are celebrating as one of the best-known BTC price metrics finally flips bullish again.The popular Hash Ribbon tool, created by quantitative Bitcoin and digital asset fund Capriole Investments, has printed its first buy signal in a “macro bullish” event.Hash Ribbon sparks $100,000 Q2 BTC price targetBitcoin miners look set to make a comeback as the Hash Ribbon metric marks the end of their latest “capitulation” phase.The Hash Ribbon effectively tracks potential long-term buy opportunities using hash rate — when miner profitability is at risk and network participants retire, this traditionally forms the capitulation which in turn leads to long-term price reversals.These are monitored using two moving averages of hash rate: the 30-day and 60-day. Capitulations correspond to the former crossing below the latter, while the reverse is true for buy signals.According to data from Cointelegraph Markets Pro and TradingView, the Hash Ribbon put in its latest buy signal on March 24. It is visible on both daily and weekly timeframes.“This is macro Bullish,” popular trader Titan of Crypto wrote in part of a response on X.BTC/USD 1-week chart with Hash Ribbon data. Source: Cointelegraph/TradingViewThe previous Hash Ribbon buy signal came in July 2024. At the time, BTC/USD had yet to bottom out, and it took several months before a wave of upside began.A similar scenario played out after the buy signal before that printed in August 2023.Despite this, optimism over the latest development is already tangible after much of Q1 2025 was marred by disappointing BTC price action.“One of the most accurate mid-term indicator is bullish now,” fellow trader Robert Mercer added.“Expecting $BTC to go back above $100,000 in Q2 of 2025!”Bitcoin ends “multimonth RSI downtrend”As Cointelegraph reported, Bitcoin has already begun to tease bullish market turnarounds as March comes to a close.Related: Bitcoin must reclaim this key 2025 level to avoid new lows — ResearchChief among them is the relative strength index (RSI) indicator, which like the Hash Ribbon is in the process of returning to form after months of suppression.On weekly timeframes, RSI has confirmed a bullish divergence for the first time since September, while the daily chart is showing a support retest after breaking through a downward trend line in place since November.“The multi-month RSI Downtrend is over,” popular trader and analyst Rekt Capital confirmed to X followers this week.BTC/USD 1-day chart with RSI data. Source: Rekt Capital/XThis 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 25, 2025 11:44

BlackRock launches Bitcoin ETP in Europe - BlackRock, the world’s largest asset manager, launched a Bitcoin exchange-traded product (ETP) on multiple European stock exchanges.The iShares Bitcoin ETP began trading on March 25 on Xetra, Euronext Amsterdam and Euronext Paris, according to BlackRock’s product page. The launch follows the success of its iShares Bitcoin Trust exchange-traded fund (ETF), which dominates the US market with $50.7 billion of assets under management, accounting for about 2.73% of the total Bitcoin (BTC) supply.Stephen Wundke, director of strategy and revenue at crypto investment firm Algoz, told Cointelegraph that “the availability of the iShares Bitcoin ETP may not have the same reaction across Europe” as it saw in the US:“Quality investment products through regulated asset managers have been more available throughout Europe than in the US, and secondly, Bitcoin is also more easily purchased. […] However, the ability for traditional family offices across Europe to hold a small percentage of their asset base in ‘digital gold’ is no doubt a good thing. […] Just don’t expect $60 billion of purchases in the first quarter.”Product details and fee structureThe new ETP trades under the IB1T ticker on Xetra and Euronext Paris, while on Euronext Amsterdam it uses BTCN. Bloomberg previously reported that the company was preparing to launch the new product, which followed the firm’s launch of a Bitcoin ETF on CBOE Canada.BlackRock iShares Bitcoin ETP specifics. Source: BlackRockAccording to Bloomberg, the product launched with a temporary fee waiver of 10 basis points, which decreases the expense ratio to 0.15% until the end of 2025. Europe’s top crypto ETP is the CoinShares Physical Bitcoin ETP, which currently charges 0.25%, making BlackRock’s offering considerably cheaper while the waiver is in place.“There is no doubt BlackRock’s aggressive fee structure was designed to keep competitors out of the market and question the commitment of any new entrants,” Wundke said.Wundke added that “this type of competition is good for investors and ultimately good for digital currencies,” highlighting that players in the market will have to compete to provide the best offering to investors.Related: ‘Successful’ ETH ETF less perfect without staking — BlackRockiShares expanding to EuropeThis is BlackRock’s first issuance of a crypto ETP outside of North America. Manuela Sperandeo, BlackRock’s head of Europe and Middle East iShares Product, told Bloomberg:“[This launch] reflects what really could be seen as a tipping point in the industry — the combination of established demand from retail investors with more professionals now really getting into the fold.”Related: Bitcoin ETFs log first net inflows in weeks, while Ether outflows continueAjay Dhingra, head of research at decentralized exchange aggregator Unizen, told Cointelegraph that the move reflects BlackRock’s confidence in the European Union’s Markets in Crypto-Assets Regulation framework:“From Trump to Biden and now Trump again, US digital asset policy has been largely inconsistent. In contrast, the EU has steadily embraced compliant blockchain adoption — offering the regulatory stability companies are looking for.”A recent BlackRock earnings report showed that the firm managed over $11.55 trillion on average during the fourth quarter of 2024. Other than the top Bitcoin ETF, the firm also launched its Grayscale Ethereum Trust ETF — the top Ether (ETH) ETF, with $3.46 billion in assets under management.Magazine: EU politician reveals her conversion to crypto — Eva Kaili

FOMO: 90%
cointelegraph.com Mar 25, 2025 13:01

Friday’s PCE inflation report may catalyze a Bitcoin April rally - Traditional and cryptocurrency investors are eagerly awaiting Friday’s upcoming Personal Consumption Expenditures (PCE) release, which may provide more relief to inflation-related concerns and bring more investor appetite to risk assets including Bitcoin.The US Bureau of Economic Analysis (BEA) is set to release the next PCE report on March 28, which measures the inflation in the prices that US consumers are paying for goods and services.The PCE inflation print may become the “next key catalyst” for Bitcoin (BTC) and other risk assets, according to QCP Group, a Singapore-based digital asset firm.QCP wrote on Telegram:“As we approach Friday’s quarterly expiry, with the highest open interest in topside strikes above $100K, we don’t expect major volatility driven by options positioning alone. But attention will turn to the PCE inflation print, which could become the next key catalyst.”Risk assets staged a significant recovery after “Trump signaled twice on Monday that trading partners might secure exemptions or reductions, offering a reprieve that helped soothe market jitters,” QCP added.Related: Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchaseOther analysts have also pointed at global trade war concerns as the biggest hurdle for investor appetite.Despite a multitude of positive crypto-specific developments, global tariff fears will continue to pressure the markets until at least April 2, according to Nicolai Sondergaard, a research analyst at Nansen.“I’m looking forward to seeing what happens with the tariffs from April 2nd onward, maybe we’ll see some of them dropped but it depends if all countries can agree,” Songergaard said.BTC/USD, 1-day chart. Source: Cointelegraph/TradingViewBitcoin’s price is down over 14% since US President Donald Trump first announced import tariffs on Chinese goods on Jan. 20, the day of his presidential inauguration.Still, analysts expect the PCE report to further soothe inflation-related concerns, catalyzing Bitcoin’s historic rally for the month of April.Source: CoinglassBitcoin has averaged over 12.9% monthly return during April, making it the fourth-best month for Bitcoin’s price based on historic returns, CoinGlass data shows.Related: Crypto debanking is not over until Jan 2026: Caitlin LongBitcoin may rally to $110,000 record high on easing inflation concernsBitcoin is more likely to soar to a new $110,000 all-time high before retracing to $76,500, according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom.Bitcoin’s rise to the record $110,000 mark “appears plausible in the current market environment,” according to Juan Pellicer, senior research analyst at IntoTheBlock.“BTC is showing signs of recovery, driven by growing institutional interest and significant investments from large players,” the analyst told Cointelegraph, adding:“The Federal Reserve’s recent decision to ease its monetary tightening could further boost liquidity, favoring a price increase in the near term.”“While market volatility remains a risk that could lead to a pullback, the overall momentum and support levels suggest Bitcoin is more likely to hit the higher target first,” added Pellicer.Magazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler’s Digest, March 9 – 15

FOMO: 85%