|

Bitcoin Price Prediction: BTC Holds $108K After Fed Rate Cut Sparks Volatility

🇩🇪

Bitcoin is buying and selling with a bearish bias, holding round $108,850 regardless of improved world crypto sentiment and contemporary political and trade developments. the opposition occasion of Germany pushed to categorise BTC as a nationwide asset. Whereas, AI-focused miner TeraWulf introduced a $500 million fundraise, and Binance unveiled a transparency partnership with Bubblemaps.

The Federal Reserve’s fee lower to 4.00% from 4.25% added short-term volatility, with merchants eyeing $108,900 as Bitcoin’s key help zone.

Germany’s Opposition Pushes to Recognize Bitcoin as National Asset

The largest opposition occasion of Germany, Alternative for Germany (AfD), has proposed recognizing BTC as a strategic nationwide asset. It’s urging policymakers to separate it from different cryptocurrencies below the EU’s MiCA regulatory framework.

The movement argues that extreme regulation might stifle innovation and weaken Germany’s place in digital finance. It requires sustaining VAT exemptions, defending residents’ proper to self-custody, and preserving the 12-month tax exemption for Bitcoin earnings, a rule that at the moment advantages long-term holders.

AfD lawmakers additionally steered that Germany take into account including Bitcoin to its nationwide reserves, just like how central banks maintain gold. The proposal echoes latest debates in France, the place legislators are pushing for extra crypto-friendly insurance policies to draw funding and strengthen Europe’s blockchain sector.

Investors interpreted the transfer as an indication of rising political acceptance for Bitcoin throughout Europe. The information supported a modest value uptick, as merchants wager that broader institutional recognition might comply with if the movement good points traction in Berlin.

TeraWulf Shifts From Bitcoin Mining to AI With $500M Fundraise

Bitcoin miner TeraWulf plans to boost $500 million by means of a convertible be aware providing to construct a brand new AI-focused information middle in Abernathy, Texas. The notes, due in 2032, might broaden by one other $75 million relying on demand.

The funds will help the corporate’s pivot from Bitcoin mining to AI infrastructure, leveraging its present vitality and {hardware} property to fulfill surging demand for GPU-powered computing. This follows TeraWulf’s earlier $3 billion financing spherical with Morgan Stanley, a $1.4 billion Google assure, and a $3.7 billion internet hosting take care of Google-backed Fluidstack.

Investors see the shift as a strategic diversification transfer, strengthening the long-term stability of crypto mining corporations amid altering market dynamics. Bitcoin costs edged barely larger following the announcement, as merchants seen TeraWulf’s AI transition as a constructive sign for broader trade adaptation.

Binance and Bubblemaps Join Forces to Expose Insider Trading

Binance has partnered with blockchain analytics agency Bubblemaps to spice up transparency and detect insider buying and selling. The integration permits Binance Web3 Wallet customers to visualise token distribution and establish suspicious pockets connections utilizing Bubblemaps’ interactive “bubble” interface.

Bubblemaps, identified for exposing the $30 million MELANIA token scandal, simplifies on-chain evaluation, serving to merchants spot market manipulation and insider exercise.

The collaboration goals to make crypto buying and selling safer and extra clear, giving traders higher perception into token possession patterns. Market individuals welcomed the transfer as an indication of bettering trade accountability.

Bitcoin Technical Analysis: Bulls Defend $108,900 as RSI Turns Oversold

Bitcoin price prediction is bearish as BTC is hovering close to $108,850, holding simply above key help at $108,900, which aligns with the 23.6% Fibonacci retracement. The degree has acted as a dependable demand zone in latest weeks. Price motion reveals a double-top close to $117,700 adopted by a correction, with bulls now defending the ascending channel’s decrease boundary from early October.

Bitcoin Price Chart – Source: Tradingview

Multiple lengthy decrease wicks on the 4-hour chart sign aggressive dip-buying, even because the 50-EMA flattens. The RSI close to 31 signifies oversold circumstances, usually a precursor to a technical rebound.

A every day shut above $110,700 might set off restoration towards $112,200–$114,950, whereas a break under $108,900 might expose $106,100–$103,500. Traders favor lengthy positions above $109,000, concentrating on $114,950, as oversold momentum hints at a possible rebound into November.

Bitcoin Hyper: The Next Evolution of BTC on Solana?

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

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 outcome: 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 $25.1 million, with tokens priced at simply $0.013185 earlier than the following enhance.

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

Click Here to Participate in the Presale

The submit Bitcoin Price Prediction: BTC Holds $108K After Fed Rate Cut Sparks Volatility appeared first on Cryptonews.

Similar Posts