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Bitcoin Price Prediction: After Triangle Breakdown, Is a Drop Below $105K Next?

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Bitcoin held close to $108,700 as international developments reshaped sentiment throughout crypto markets. The G20’s Financial Stability Board warned of main regulatory gaps amid a $4 trillion market surge, whereas Babylon Labs launched a trustless Bitcoin DeFi system on Ethereum.

At the identical time, Nasdaq-listed Zeta Network raised $230 million in a BTC-backed sale, reinforcing confidence regardless of Bitcoin’s ongoing consolidation under $110,000.

G20 Watchdog Warns of Global Crypto Regulation Gaps

The G20’s Financial Stability Board (FSB) has warned that main gaps stay in how international locations regulate cryptocurrencies, regardless of the market’s worth doubling to $4 trillion over the previous yr. The FSB famous that stablecoins, now value about $290 billion, are solely absolutely regulated in a few jurisdictions.

FSB Secretary General John Schindler emphasised the necessity for international cooperation, citing the convenience of cross-border crypto transfers and the rising hyperlink between digital belongings and conventional finance. While dangers are restricted for now, the FSB cautioned they may rise as adoption deepens.

Bitcoin traded close to $108,690, largely unaffected by the report. Analysts seen the FSB’s name for unified oversight as a constructive step towards establishing clearer international requirements for cryptocurrency regulation.

Babylon Labs Unveils Trustless Bitcoin DeFi on Ethereum

Babylon Labs has introduced a new system that enables customers to borrow on Ethereum utilizing native Bitcoin as collateral, with out counting on centralized bridges or intermediaries. The mechanism, powered by BitVM3 know-how, secures BTC in cryptographically verified vaults.

An experimental model, VaultBTC, is presently being examined on the Morpho lending protocol. While the system is essentially trustless, analysts be aware that its liquidation course of nonetheless relies upon partly on licensed liquidators and trusted oracles.

The launch displays rising efforts to combine Bitcoin into decentralized finance. Analysts say increasing Bitcoin’s position past funds and storage might strengthen long-term demand, as BTC held regular close to $108,690.

Zeta Network Raises $230M with BTC-Backed Private Sale

Zeta Network, a Nasdaq-listed firm, has raised $230.8 million via a non-public share sale, accepting each Bitcoin (BTC) and SolvBTC, a wrapped BTC token from Solv Protocol. The agency issued new shares and warrants whereas including Bitcoin-based belongings to its treasury, reinforcing confidence in BTC’s long-term worth and shortage.

Solv Protocol CEO Ryan Chow mentioned extra public firms are discovering progressive methods to carry Bitcoin, aligning with the rising demand for BTC yield merchandise reminiscent of Coinbase’s Bitcoin yield fund and BlackRock’s proposed Bitcoin revenue ETF.

Zeta’s Bitcoin-backed fundraising boosted market sentiment, with BTC buying and selling close to $108,700 as traders seen the transfer as one other signal of accelerating institutional adoption.

Bitcoin Price Prediction: Descending Channel Hints at Drop Toward $103,500

Bitcoin (BTC/USD) stays range-bound under $110,000, going through problem regaining upward traction after a number of failed makes an attempt above $109,600. The chart outlines a potential triple-bottom formation, however persistent rejection close to $110,500 and a descending triangle breakout spotlight weakening purchaser momentum.

A bearish crossover between the 20- and 50-period EMAs provides strain, signaling continued draw back threat. The RSI close to 42 stays under its midpoint, indicating a lack of shopping for energy. Price motion reveals decrease highs and no clear bullish engulfing candle to verify a reversal.

If BTC fails to interrupt above $110,500, a transfer towards $107,300 seems possible, adopted by deeper helps at $105,200 and $103,500 key ranges the place consumers have traditionally stepped in.

Bitcoin Price Chart – Source: Tradingview

Bitcoin continues to commerce under a descending triangle sample, with TradingView projections suggesting a attainable retest. A decisive shut above $112,700 would invalidate the bearish bias, opening a path towards $114,600 and $117,600.

Traders could search for brief setups under $109,500, concentrating on $107,300, whereas lengthy positions are higher positioned above $112,700. Despite near-term weak point, analysts anticipate Bitcoin’s broader uptrend to carry, with a potential This autumn rebound as soon as consolidation resolves.

Bitcoin Hyper: The Next Evolution of Bitcoin on Solana?

Bitcoin Hyper ($HYPER) is bringing a new part to the Bitcoin ecosystem. While BTC stays the gold normal for safety, Bitcoin Hyper provides what it at all times lacked: Solana-level velocity.

Built as the primary Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), it merges Bitcoin’s stability with Solana’s high-performance framework. The consequence: lightning-fast, low-cost good contracts, decentralized apps, and even meme coin creation, all secured by Bitcoin.

Audited by Consult, the mission emphasizes belief and scalability as adoption builds. And momentum is already sturdy. The presale has surpassed $23.7 million, with tokens priced at simply $0.013115 earlier than the subsequent improve.

As Bitcoin exercise climbs and demand for environment friendly BTC-based apps rises, Bitcoin Hyper stands out because the bridge uniting two of crypto’s greatest ecosystems.

If Bitcoin constructed the muse, Bitcoin Hyper might make it quick, versatile, and enjoyable once more.

Click Here to Participate in the Presale

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