FomoScope - Crypto FOMO Detection & Analysis

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 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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

coinpedia.org Mar 12, 2025 12:18

Ethereum (ETH) Poised for 15% Rally, Eyes on $2,200 - The post Ethereum (ETH) Poised for 15% Rally, Eyes on $2,200 appeared first on Coinpedia Fintech News Ethereum (ETH), the worlds second-largest cryptocurrency by market cap, has been gaining significant attention from crypto enthusiasts. Today, blockchain analytics platform Lookonchain made...

FOMO: 90%

www.coindesk.com Mar 12, 2025 12:33

Inflation Relief: U.S. CPI Rose Less Than Forecast in February - The bitcoin price jumped above $84,000 on the welcome news.

FOMO: 90%

cryptobriefing.com Mar 12, 2025 12:37

US inflation drops in February, Bitcoin surges past $84,000 - Consumer prices rose 0.2% in February from January, according to fresh CPI data released Wednesday, bringing annual inflation to 2.8%a decline from 3% in the previous month. Bitcoin immediately surged past $84,000 following the release.However, economists warn that President Trumps tariff...

FOMO: 90%