Axie Infinity price jumped 13% to near $1.30 as bulls extended gains to over 30% this past week.Top gaming ecosystem tokens, including Gala and The Sandbox continue to lag broader market.AXS price could rally to $2.25 if momentum from the four-year low holds.The Axie Infinity token has bounced more than 13% in the past 24 hours amid a notable recovery from recent losses that pushed AXS to lows last seen in 2021.As renewed investor interest allows bulls to bounce off a four-year low, the technical picture points to a potential upside continuation.Sentiment across crypto, with several altcoins attempting reversals after extended periods of pressure, may add to bulls’ advantage.Axie Infinity outpaces other gaming tokensMarket data  during early US hours on January 16, 2025 showed Axie Infinity price hovering around $1.23. However, buying pressure had the token trading at highs of $1.30, not far off the weekly resistance level around $1.35 reached on Jan. 14.In late December, Axie Infinity fell to $0.78, the lowest mark since the breakout from $0.73 to highs of $1.18 in January 2021.The token has surged by over 30% in the past week, with a revisit to the $1.00 level before another bounce reflecting fresh buying momentum.A look at the gaming tokens ecosystem, CoinMarketCap data shows AXS to be outpacing peers in the past 24 hours and week.Immutable, Gala, Floki, The Sandbox, Decentraland and MultiversX are all struggling. Can Axie Infinity continue to buck the trend?Axie Infinity price forecastWhile AXS is not fully out of the woods following its severe drawdown since it peaked at $165, the bounce from under $1 may test bears’ resolve.Positive developments within the Axie Infinity ecosystem, including economic adjustments and upcoming gameplay enhancements, might combine with overall market sentiment to bolster upward price action.For instance, Axie Infinity has introduced an App Token (bAXS), which means that instead of AXS, holders can now hold bAXS.This token can be staked or spent directly in Axie Core. Analysts say the launch of bAXS is a major step for Axie Infinity, and adoption will benefit AXS.Axie Infinity Price ChartAXS price chart by TradingViewFrom a technical perspective, the daily chart shows the Relative Strength Index (RSI) at 66.This indicates that bulls have room to extend gains before entering the overbought territory.Meanwhile, the Moving Average Convergence Divergence (MACD) recently marked a bullish crossover and features an expanding histogram.If key support holds at $1.20, the next hurdle may be around $1.50 and $2.25.On the downside, breaking below the psychological support level will encourage sellers, potentially allowing for another multi-year low.The post Axie Infinity price extends above $1.20 amid reversal from 4-year low appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/axie-infinity-price-extends-above-1-20-amid-reversal-from-4-year-low/

Vaulta, formerly EOS, plunged to a lows of $0.14 to mark its drop to a new all-time low.The token was down 20% in the past 24 hours and saw trading volume spike by more than 400%.Selling pressure might see A extend losses to a new level.Vaulta’s price has crashed 20% in the past 24 hours, with bears smashing through support to hit a new all-time low under $0.14.This brutal drop, which occurred amid a spike in daily spot volume, deepens the pain for the token formerly known as EOS, which had traded as high as $0.77 in May last year.If not aware, Vaulta rebranded from the former EOS network in early 2025, moving from a smart contracts-focused platform to a web3 banking network.Bulls saw the A token rise to the all-time high highlighted above before this uptick began to evaporate.The past 24 hours have seen Dash and Axie Infinity extend gains, but on the other end of the line are top losers like Kaito and Vaulta.​Vaulta price: profit-taking sees A hit a new all-time lowThe panic selling that gripped the broader crypto market as Bitcoin shed gains from its all-time high of $126,000 meant A dumped sharply.Post-rebrand optimism fading allowed sellers to accelerate the capitulation.Vaulta’s slide has now pushed prices to a new all-time low, with sellers flooding the market and crushing momentum. Data from CoinMarketCap shows daily trading volume jumped more than 400% to $128 million.Vaulta Price ChartVaulta price chart by CoinMarketCapThe downside action that has led to a broader altcoin market slowdown could amplify the pain for Vaulta.Many altcoins’ struggles are tied to Bitcoin’s own stumbles below $100,000 and current poise near key support levels.​Technical outlook spells doomVaulta’s charts paint a nightmare scenario for bulls. The token has recently recoiled off the 50-day exponential moving average, which has acted as a resistance zone around $0.18-$0.20.Other technical indicators signal a bearish stranglehold, with the Relative Strength Index (RSI) sloping towards the oversold territory. While it could allow for a reversal, the reading of 34 means there is room for another leg down.Elsewhere, the Moving Average Convergence Divergence indicator hints at a bearish crossover.Vaulta A Price ChartVaulta price chart by TradingViewBuyers may eye a rebound amid long-shot catalysts such as network upgrades and broader altcoin market bounces. However, near-term sentiment remains toxic with open interest sinking to $13 million.According to Coinglass data, the unforgiving downside action has also pushed the open interest weighted funding rate to -0.0294%.The post Vaulta price crashes 20% to new all-time low below $0.14 appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/vaulta-price-crashes-20-to-new-all-time-low-below-0-14/

Cardano price dropped to $0.37 after another rejection around $0.40.The technical picture points to a potential downside continuation to $0.32.The ADA price was down 4% in the past 24 hours.Cardano’s ADA token is down and faces a brutal supply wall near $0.40, where relentless selling pressure threatens to derail bulls’ hopes of an extended upside.The token changed hands nearly 4% in the red on Friday, hovering around $0.38 as short-term downside risks persist for top coins. As the chart below shows, ADA traded to a daily low of $0.379.Cardano price hits supply wall near $0.40Cardano’s price action has recently encountered a formidable supply wall around the $0.40 threshold, a level that has repeatedly acted as a barrier to upward momentum.Cardano Price ChartCardano price chart by TradingViewThe 50-day exponential moving average sits at $0.41, and acts as a stubborn ceiling that has informed multiple price rejections.Meanwhile, ​the Relative Strength Index (RSI) on the daily chart currently lingers below the neutral mark. In technical analysis, this highlights a potential extension towards the oversold territory with a sloping outlook.Another indicator, the ADX, shows a reading of 19.5 and points to bearish strength.The negative directional dominance favours sellers.The MACD similarly shows bearish divergence under the zero line, while Bollinger Bands contract toward the lower rail. It all adds up to a token facing huge downside volatility.The $0.40 zone is therefore just another key resistance level, but a zone of notable supply overhang.Cardano shows weakness amid broader headwindsCryptocurrencies ended the past year largely bearish amid broader market headwinds.This saw Bitcoin struggle to defend key levels and fall to lows of $80,000 before bouncing. BTC, however, has retreated from above $97,500, and this looks to have capped momentum for top altcoins.QCP analysts recently noted that while the macro environment could boost bulls, volatility might remain elevated. Both Bitcoin and Ethereum thus show a risk-off outlook unless the market sees cleaner spot bids.Vaulta is among the altcoins to falter amid this downturn, and Cardano’s on-chain metrics, like dormant supply activation, point to similar sell-off pressure.Recent rejections from the 50-day EMA also come after prices fell sharply from above $0.82 on October 10, 2025. The moving average now sits at $0.41 and recently triggered a decline to lows of $0.37.Currently, ADA is back at the fragile $0.38 support, and with funding rates flipping negative, shorts may have an upper hand.This classic bearish signal signals that retail optimism is evaporating. However, the 26% decrease in daily volume betrays weak conviction, and price may probe the key supply zone again.If ADA price doesn’t reclaim $0.40 with a volume surge, it risks a 10% breakdown that could bring multi-month support lows of $0.32.The post Cardano price hits a supply wall near $0.40: can ADA hold support? appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/cardano-price-hits-a-supply-wall-near-0-40-can-ada-hold-support/

Key takeawaysETH is down 3% in the last 24 hours and is now trading above $3,200.The bearish performance comes amid renewed trade tensions between the U.S. and the EU.ETH dips below $3,200 on the U.S.-EU trade tensionsEther, the second-largest cryptocurrency by market cap, is down 3.4% in the last 24 hours and briefly dropped below the $3,200 level. The coin is now trading at $3,205 after slightly recovering from the dip.The bearish performance comes amid the ongoing trade tensions between the United States and the European Union. President Donald Trump threatened to escalate tariffs, starting at 10% on February 1 and rising to 25% by June, on imports from eight NATO allies (Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland).The president added that the tariffs will stay in place until Denmark agrees to sell Greenland to the United States. Rachael Lucas, crypto analyst at BTC Markets, stated that,“The latest U.S.-EU trade war headlines have certainly injected fresh volatility into an already uneasy market … adding a layer of geopolitical uncertainty that markets were in no shape to absorb. But while the headlines are loud, they’re not the fundamental driver of the current pullback in crypto.”ETH eyes the $3,360 resistance level as the market begins recoveryThe ETH/USD 4H chart is bearish and efficient after Ether lost more than 3% of its value in the last 24 hours. The technical indicators remain positive, suggesting that ETH could rally higher in the near term.The RSI of 52 is above the neutral 50, indicating a fading bullish momentum. The MACD lines remain above the neutral zone, signalling that the buyers remain in control.ETH/USD 4H ChartIf the market recovery continues, ETH could rally towards the first major resistance level at $3,360 over the next few hours or days.However, if the market correction continues, ETH could retest the January 12 swing low of $3,068.The post Ethereum price forecast: Ether reclaims $3,200 after slipping to $3,170 appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/ethereum-price-forecast-ether-reclaims-3200-after-slipping-to-3170/

Key takeawaysDogecoin is down 7% in the last 24 hours, making it the worst performer among the top 10.The leading memecoin could record further losses as technical indicators switch bearish.Memecoins underperform as the broader market dipsThe cryptocurrency market is having a poor start to the week as Bitcoin, Ether, and XRP are all in the red. The biggest losers remain the memecoins, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), extending the decline from last week.Dogecoin has lost 7% of its value in the last 24 hours, making it the worst performer among the top 10 leading cryptocurrencies by market cap. It is currently trading below the crucial moving averages, aiming for the immediate support to enable it rally higher. The decline in Dogecoin aligns with the broader market pullback, as Bitcoin (BTC) drops below $93,000 on Monday after a leverage-driven rally failed to hold momentum.DOGE could dip lower if the selling pressure persistsThe DOGE/USD 4-Hour chart is bearish and efficient, thanks to Dogecoin losing 7% of its value in the last 24 hours. At press time, DOGE is trading at $0.1275, below the 20-day Exponential Moving Average at $0.1375 and the 50-day EMA at $0.1417, maintaining a bearish setup as both averages slope lower.The Moving Average Convergence Divergence (MACD) histogram on the 4-hour chart has slipped into negative territory and is expanding, suggesting strengthening bearish momentum. DOGE/USD 4H ChartThe Relative Strength Index (RSI) at 37 reflects an increase in selling pressure and is getting closer to the oversold region. If the bulls regain control, DOGE could rally towards the $0.14 level in the near term. However, failure to improve the market sentiment could see DOGE slip below the December 31 low at $0.1161. An extended bearish run could allow the bears to target the October 10 low at $0.09500.The post Will DOGE slip below $0.11 if selloff continues? Check forecast appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/will-doge-slip-below-0-11-if-selloff-continues-check-forecast/

Sui price fell as tariff jitters spooked global markets.The token tumbled 12% in the past 24 hours as Bitcoin retreated under $93,000.Tariff jitters and overall risk-off sentiment threaten further SUI downturn.Sui price plunged nearly 13% to lows of $1.55 amid a broader market downturn marked by significant capital exodus from risk assets.This sharp correction, amplified by Bitcoin’s retreat from $96,000 highs to under $93,000 and Ethereum’s retest of $3,200, came as crypto saw over $680 million in longs liquidated.Many analysts are pointing to escalating geopolitical tensions tied to U.S. tariff threats on Europe over Greenland.Sui price plunges amid Bitcoin weaknessSui tumbled from $1.70 to a daily low of $1.54, breaching its 50-day exponential moving average at $1.70. The altcoin’s price has entered oversold territory with RSI below 40.Sui Price ChartSui price chart by TradingViewBears showed their teeth as Bitcoin’s price revisited the $92,500 support mark. As seen recently, this exacerbated the drop in altcoins.Sui, with a higher beta, suffered notable losses and saw over 10 million SUI tokens flow to exchanges.Technically, failure to reclaim $1.65 risks a slide to $1.40, with Sui’s support breach amid BTC deleveraging screaming further caution for bulls.Recently, a six-hour network outage dented community sentiment, and despite key upgrades, the lingering concern suggests a potentially slow recovery.However, if Bitcoin stabilises above $92,000 and reclaims key levels below $100,000, a follow-up altcoin rebound could see SUI eye the $2 mark and higher in the coming days.Sui price fell as tariff jitters spooked global marketsThe rout in top altcoins comes as BTC and ETH pull back after President Trump’s threat of 10% tariffs on several European countries.Escalating to 25% by June, the tariffs will target imports from Denmark, France, Germany, the Netherlands, Norway, Sweden, the UK, and Finland.These measures retaliate against opposition to the US acquisition of Greenland, prized for Arctic security and rare earth minerals.European indices like DAX and CAC 40 fell over 2% on Monday, but gold surged, and the dollar index topped 108, pressuring crypto.In retaliation, the EU has readied €93 billion in countermeasures, but with a potential trade war in the making, many alts could face further pain.While Bitcoin ETF inflows offer a floor, miner capitulation as profitability weakens may spell doom.” It means the $90k zone is a key threshold, with retail doomed if prices fall further.Crypto trader BitGuru thinks the decline has allowed Sui to sweep liquidity “into a key demand zone.” The next move is key as the current price level has often acted as a base for the next leg up.After a strong impulse move, $SUI entered a long consolidation and has now swept liquidity into a key demand zone.$SUI Price reaction here is crucial, as this area often acts as a base for the next expansion leg. pic.twitter.com/gru36LWy96— BitGuru 🔶 (@bitgu_ru) January 19, 2026The post SUI price crashes 13% as tariff jitters trigger risk-off selloff; Bitcoin slips below $93K appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/sui-price-crashes-13-as-tariff-jitters-trigger-risk-off-selloff-bitcoin-slips-below-93k/

Stellar price dropped sharply as altcoins shed recent gains.Broader market conditions, with Bitcoin dipping towards support, are a critical indicator.XLM bulls could see stagnation if the price drops to $0.20 or lower.Stellar price traded lower as top altcoins mirrored the movement of Bitcoin on Monday, and a slice through $0.22 threatened further declines toward the critical $0.20 support area.As selling pressure mounts, drawing fresh bearish bets across crypto exchanges, the broader market caution could allow for a deeper correction.Currently, bears dominate sentiment, fueled by technical breakdowns and fading on-chain conviction.XLM price nears multi-month supportStellar’s price has seen $0.20 emerge as a multi-month demand zone in recent months.Recently, the altcoin trended to above $0.24 before falling to support at $0.22.An attempt to recoup losses ended around $0.23, leaving the altcoin sliding to under $0.21 on Jan. 19 as Bitcoin plunged to under $93,000.The repeated rejections, with a marked downtrend, might erode buyer resolve and allow for a plunge to $0.20 or below.In favour of bears are derivatives that currently scream caution. Open interest has dropped to $131 million, with long-to-short ratios signaling more shorts piling in. This setup emboldens bears eyeing sub-$0.20 targets. BTC correlation will also matter.“Gold just hit a new all-time high of $4,600. It’s now headed towards $5,000, a major 4.618 Fibonacci extension resistance level,” crypto analyst Lark Davis noted on X.But the analyst added:“But the faster gold blasts through to $5,000, the quicker we could see meaningful capital rotation out of precious metals and into Bitcoin.”Stellar price technical outlookBears thrive on clear chart failures and XLM trades below both its 50-day ($0.227) and 200-day ($0.324) moving averages.Prices have accelerated lower since October 10, 2025, forming a bearish structure with RSI retreating to under 50 following a brief spike to the overbought line.Stellar Price ChartStellar price chart by TradingViewThe price rejections at previous support zones mean $0.25 and $0.22 now act as overhead resistance.Meanwhile, a daily close below $0.20 could accelerate the dump toward multi-year lows of $0.18 and $0.14.On the upside, Stellar will target $0.32 and $0.41 supply zones. A daily close above $0.23 will validate this thesis, opening up conviction trades.The last time XLM price went parabolic, bulls exploded from lows of $0.10 to above $0.63 in November 2024, and again from lows of $0.24 to peak at $0.52 in July 2025.Gains came amid spikes for XRP, an altcoin related to XLM in terms of its product goals.The Ripple token reached highs of $3.42 in July, outpacing the broader market amid major catalysts such as regulatory milestones and the launch of the RLUSD stablecoin.The post Stellar price forecast: XLM risks breakdown below $0.22 as bears target $0.20 support appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/stellar-price-forecast-xlm-risks-breakdown-below-0-22-as-bears-target-0-20-support/

Key takeawaysDUSK has dropped below $0.2, losing 35% of its value in the last 24 hours.The coin rallied to $0.32 on Monday, up 150% within a week.DUSK cools down following its recent surgeDUSK, the native coin of the Dusk Network, has dropped below the $0.20 level, losing more than 35% of its value in the last 24 hours. The bearish performance comes after the coin added 150% to its value within seven days, outperforming major cryptocurrencies.Data obtained from CoinGlass shows that futures OI at exchanges reached a new all-time high of $47.94 million on Monday and steadied around $39 million on Tuesday. During that same period, the OI on the Binance exchange has reached $20.54 million, levels not seen since February 2023. The growing OI means new or additional money is entering the market, resulting in DUSK’s price surging higher. Santiment data also shows that the DUSK ecosystem’s trading volume reached a new all-time high of $298.43 million on Monday and steadied around $264.16 million on Tuesday. On Monday, Dusk announced its partnership with Chainlink to integrate key standards across DuskEVM. The integration will enable cross-chain interoperability for tokenized real-world assets and support real-time, high-integrity data for compliant financial applications, backed by NPEX, a fully regulated Dutch stock exchange.Will DUSK rally towards $0.33?The DUSK/USD 4-hour chart remains bullish and efficient despite the 35% pullback within the last 24 hours. It is still trading above the weekly resistance level at $0.17, with the bulls defending this level.If the bulls regain control and DUSK closes its daily candle above the weekly resistance level, it could extend the rally toward the December high of $0.33.DUSK/USD 4H ChartThe Relative Strength Index (RSI) on the 4-hour chart stands at 74, above the overbought threshold, indicating strong bullish momentum. The Moving Average Convergence Divergence (MACD) also showed a bullish crossover.However, if the correction persists, DUSK could extend the decline toward the 50% price level at $0.18.The post DUSK dips 35% after surging 150% in seven days: Check forecast appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/dusk-dips-35-after-surging-150-in-seven-days-check-forecast/

Key takeawaysPI is up 1% in the last 24 hours, signaling a minor recovery after recording a fresh record low of $0.1502 on Monday.Selling pressure persists despite the recent slight recovery. Market sentiment remains bearish despite PI’s recoveryPI, the native coin of the Pi Network, is up 1% in the last 24 hours and is now trading at $1.91 per coin. The positive performance comes despite the broader cryptocurrency market recording losses in the last few hours.According to PiScan, the reserves of centralized exchanges have decreased by 4.24 million PI tokens, indicating large withdrawals over the last 24 hours. The decline in exchange reserves reflects strong buying pressure, allowing PI to recover above $0.19.Will PI hit $0.20 soon?The PI/USDT 4-hour chart is bearish and efficient despite the coin adding 1% to its value in the last 24 hours. At press time, PI is trading at $0.191, roughly 30% up from Monday’s low at $0.1502. The recovery aligns with the strong buying pressure and could push PI’s price higher in the near term. The RSI of 33 means that PI is slowly escaping the oversold region as buyers step in. The MACD lines are still within the negative territory, indicating that the sellers have yet to fully relinquish control. PI/USDT 4H ChartIf the recovery continues and PI hits the $0.1919 resistance level, it could rally towards the $0.2060 psychological zone. An extended bullish run would allow PI hit the previous weekly high of $0.2116.However, a daily candle close below $0.1919 could see PI give up some of its recent gains and retest the support levels at $0.1835 and $0.1632 in the near term. The post PI rebounds above $0.19 despite selling pressure: Check forecast appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/pi-rebounds-above-0-19-despite-selling-pressure-check-forecast/

Funds were split between two wallets holding $3.3 million and $880,000.The exploit involved MEV-linked addresses and preemptive transaction timing.MakinaFi has not released a technical statement or mitigation plan.A major crypto breach has struck MakinaFi, draining millions in Ethereum from the decentralised finance platform.The incident resulted in the loss of 1,299 ETH, valued at roughly $4.13 million at the time of the attack.PeckShieldAlert flagged the theft on X, where it traced the movement of the stolen assets across Ethereum wallets.The breach quickly gained traction online as blockchain analysts and on-chain trackers pieced together the flow of funds.It became evident that the attacker moved fast, using tools and tactics that suggest a high level of technical precision.Makinafi loses millions in etherThe exploit saw a sudden outflow of Ethereum from MakinaFi, although the platform has not yet issued a public explanation or technical breakdown.Users and observers are left to rely on data from Etherscan and posts from security firms to understand what happened.The total 1,299 ETH was siphoned off through a set of carefully timed transactions.While MakinaFi has yet to share how the vulnerability was exploited, the timing and transaction order suggest that the attack wasn’t random.There was no immediate freeze or recovery attempt reported from MakinaFi’s side.Two wallets hold the stolen fundsOn-chain data shows the stolen ETH was split between two addresses.The first wallet, marked as 0xbed2…dE25, currently holds an estimated $3.3 million. The second, 0xE573…f905, contains around $880,000.These wallets have not yet moved the funds further, but blockchain analysts are keeping a close eye on them.The attacker has so far avoided sending the ETH to known mixing services or exchanges, but watchers remain alert to any shift in movement patterns.Builder activity reveals exploit timingFurther investigation revealed links to an MEV Builder address (0xa6c2…).This detail points to a transaction ordering strategy often used to exploit timing advantages within the blockchain.PeckShieldAlert noted that some of the activity involved preemptive execution, a hallmark of MEV exploitation.The use of builder-side execution implies a high degree of automation and planning.The attacker likely used MEV tools to front-run or reorder transactions, increasing their chances of success and reducing the likelihood of detection during the transfer.Community tracks next stepsMakinaFi has not issued any official response or update since the incident was flagged.Without a public statement or action plan, it’s unclear whether the platform is investigating, attempting to recover the funds, or planning to compensate users.Meanwhile, the blockchain community continues to track the stolen ETH.Any attempt to combine the funds or offload them through exchanges could offer a chance for intervention.Analysts are watching for token mixing, wallet consolidations, or transfers to centralised platforms, which may trigger alerts or freezes.The lack of communication from MakinaFi leaves open questions around security readiness and risk management.Until a full breakdown is shared, the technical details behind the breach remain largely speculative.For now, the stolen ETH sits idle but visible — and the crypto world watches to see what happens next.The post MakinaFi hit by $4.1M Ethereum hack as MEV tactics suspected appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/makinafi-hit-by-4-1m-ethereum-hack-as-mev-tactics-suspected/

A hard-start approach may force compliant firms to stop operations.The HKSFPA urges a 6–12 month grace period for applicants.The association also raised concerns over the CARF framework.Hong Kong’s plan to tighten oversight of digital asset firms has raised concerns that crypto managers could be forced to suspend operations.The warning comes from the Hong Kong Securities & Futures Professionals Association (HKSFPA), which has flagged risks associated with the potential implementation of new licensing requirements without a transition period.The government is currently consulting on extending the city’s regulatory reach across virtual asset dealing, advisory and fund management services.These proposals aim to close gaps in oversight but could leave active firms in limbo if licences are required from day one.Concerns over hard launch timingThe HKSFPA’s main concern is that a “hard start” would require all market players to hold a valid licence before the new framework officially begins.Without any grace period, this could mean that businesses awaiting approval would have to stop offering regulated services, even if they’ve submitted their applications.This would impact firms that are already operating legally under the current rules but have not yet received a licence under the new system.The concern is that licensing reviews could take time, especially given the complexity involved, which could create regulatory bottlenecks and disrupt the sector.Group pushes for grace periodIn a formal submission, the HKSFPA has asked for a six to twelve-month deeming period for businesses that apply ahead of the new regime’s start date.The group believes this would allow operations to continue while the Securities and Futures Commission (SFC) processes applications.Without such a buffer, even firms with strong compliance practices could face forced shutdowns due to administrative delays.The application process itself is not quick, and the risk of backlogs is significant, especially as more companies prepare to enter a newly regulated environment.Expanded oversight still under reviewThe proposed rules are still in the consultation phase and do not yet have a confirmed start date.If implemented, they would mark a shift in how virtual asset services are governed in Hong Kong, moving beyond trading platforms to include advisory and fund management services.The industry body supports Hong Kong’s aim of strengthening regulatory standards for digital assets.However, it warns that if timelines are too rigid, it could discourage institutional involvement and slow down the adoption of compliant crypto infrastructure.Second warning highlights implementation riskIn a separate consultation submission made this week, the HKSFPA also expressed concerns about the upcoming Crypto Asset Reporting Framework (CARF) being introduced in line with the OECD’s recommendations.While the group supports the policy direction, it again warned that inflexible execution could lead to unintended exposure to operational and legal risks.Taken together, the two submissions reflect a broader message from the industry: while regulation is welcomed, execution must avoid creating hurdles that push firms out of the market.The post Crypto firms in Hong Kong face risks as new licensing rules advance appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/crypto-firms-in-hong-kong-face-risks-as-new-licensing-rules-advance/

Bitcoin’s bullish price outlook remains, but a retest of support near $90,000 poses a threat to this.The latest price action comes amid a whale move to transfer $84 million in BTC that had been dormant for 12 years.Global stocks and crypto faced new downside pressure amid escalating US-EU trade tensions.The Bitcoin price revisited support below $92,000 early Tuesday as a whale’s sudden jolt stirred sentiment amid a transfer of over 900 BTC worth approximately $84 million, with the coins having been dormant for over a decade.Mounting pressures on the cryptocurrency’s price also coincide with broader market jitters, which are largely fueled by escalating US-EU trade tensions over Greenland.BTC also traded lower as US Treasury yields rose.Bitcoin whale moves coins dormant for over 12 yearsDetails shared by blockchain tracker Lookonchain showed that an old wallet, labeled “1A2hq…pZGZm,” shifted 909 BTC to a fresh address “bc1qk…sxaeh” for the first time in 12 years.More than $84 million worth of BTC was first loaded in the wallet in 2013 when BTC traded below $7.With prices skyrocketing over the year, the whale finds themselves sitting on unrealized profits exceeding 13,000%.The movement mirrors similar transfers seen when Bitcoin exploded past the $100,000.A Bitcoin OG has woken up after 13 years of dormancy, moving all 909.38 $BTC($84.62M) into a new wallet.When this OG first received $BTC 13 years ago, the price was under $7 — now up ~13,900×.https://t.co/gc0FeYxGkz pic.twitter.com/lxfikGdfNl— Lookonchain (@lookonchain) January 20, 2026BTC price slipped nearly 2% as social media erupted with speculation of profit-taking.However, with the whale’s funds remaining off exchanges, analysts are pointing to a possible wallet consolidation or enhanced security rather than imminent offloading.Fed’s $3.8B liquidity injection puts crypto assets on alertThe Federal Reserve is set to inject $3.8 billion into the economy on Tuesday, drawing close attention from crypto traders who see potential upside for Bitcoin amid easing macro liquidity conditions.The move comes as global markets refocus on liquidity, following a period of balance sheet expansion by the Fed aimed at supporting market functioning.Such injections are often viewed as constructive for risk assets, including Bitcoin (BTC), based on the view that looser funding conditions in traditional markets can support higher asset prices.Previous Fed liquidity operations, including a $29.4 billion repo injection in 2025, were cited by the founder of Cardano (ADA) as potentially supportive for Bitcoin and other risk assets.During the last liquidity injection period, from December 12, 2025, to January 14, 2026, Bitcoin rose from about $90,270 to roughly $96,929.On Monday, crypto watcher DefiWimar wrote on X that, “When traditional money printing kicks into high gear, smart money flows into crypto,” underscoring how increased liquidity can influence asset allocation decisions.​Bitcoin faces mounting headwindsBitcoin has recently slid to the $90,000 level, further eroding the bullish sentiment that dominated amid the spike to above $97k.In early Asian hours on Jan. 20, sellers pushed prices to $90,620.This mirrored dips for Nasdaq futures, which were down by over 1.6% amid persistent headwinds in recent weeks.While stocks have not recorded a major pullback, broader risk-off sentiment has capped the moves seen in 2026.Cryptocurrencies have recorded similar downturns, even as gold leads safe-haven assets to new record highs.Economist Mohamed El-Erian shared this outlook on X.On a day when geo-economics is again very much in evidence—including the possibility of an EU–US trade war over Greenland (with the UK seemingly caught in a messy middle)—gold has once more traded at a record high, exceeding $4,700 an ounce.
Also of note for the reasons discussed… pic.twitter.com/CuyHAWMR8V— Mohamed A. El-Erian (@elerianm) January 20, 2026On Tuesday, Bitcoin and US stocks futures shed gains as the 10-year US Treasury yield climbed to 4.287%, a four-month…

Solana traded to lows of $128 as the price broke down from above $135.The technical outlook suggests bears could eye a dip to $120 or lower.Bitcoin’s trajectory will also dictate broader sentiment.Solana (SOL) price declined by about 4% in the past 24 hours to trade below $130 as of writing on January 20, 2026.The altcoin’s value slipped amid heightened selling pressure across the broader market, with corrections sending Bitcoin to around $90,600.For Solana, derivatives metrics hint at a potential bearish tilt, with further downside action toward sub-$120 levels likely.​Solana dips below $130Top altcoins continue to see notable traction, as shown by the $1 billion real-world assets milestone for Solana.However, while this points to long-term potential, in the short term, it appears bullish sentiment is waning.Escalating global economic uncertainties and cryptocurrency sector volatility signal this outlook, with long liquidations in SOL derivatives surpassing $20 million in the past 24 hours.The imbalance in liquidations, with longs comprising over 95% of total wipeouts, points to overcrowded bullish bets.Notably, this shows how vulnerable bulls are to cascading sell-offs.In this case, the aggressive unwinding by leveraged bulls has open interest in SOL futures contracting to roughly $8.2 billion amid diminished risk appetite.​Meanwhile, funding rates hover at a mildly 0.0070%, but seller dominance has SOL prices down 8% this past week.The monthly action has seen shorts shrink the altcoin’s value to just +2.4%.A look at institutional flows does present a mixed picture. US spot Solana ETFs registered over $47 million in net inflows last week.SoSoValue data shows that net inflows were up from about $41 million and $20 million over the previous two weeks.However, spot-driven selling could erode this support, potentially triggering outflows.​​SOL price forecast – Is $120 next?As highlighted, Solana traded below the key support at $130, having slipped under the 20-day and 50-day exponential moving averages.The EMAs are clustered at $137 and $159, respectively, hinting at a short-term bearish structure.Charts also show the daily MACD line has crossed below its signal, with histogram bars expanding negatively.Meanwhile, RSI hovers at 41 and is drifting toward oversold territory to suggest more room for downward momentum.Solana Price ChartSolana price chart by TradingView​If support at $125-$126 fails, it will open a path for a revisit of the $120 mark.Bears could target lows of $116 reached on December 18, 2025.On the other hand, upside resistance looms at the $137 level, and notable supply zones also await around $145 and $160.A decisive move in either direction will be key to bears or bulls. Market sentiment will also hinge on Bitcoin’s trajectory, with fresh tumbles amplifying SOL’s downside vulnerability.The post Solana risks plunge to under $120 as sellers dominate appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/solana-risks-plunge-to-under-120-as-sellers-dominate/

The one-exchange-one-bank model is not a legal requirement but is widely followed.A government study found the setup limits access for small crypto exchanges.Large platforms dominate Korean won-based trading due to better liquidity.South Korea’s top regulators are reportedly reviewing how local cryptocurrency exchanges work with banks, aiming to create a more balanced playing field.The current system often links each crypto exchange to just one bank, limiting choice and creating high entry barriers for smaller firms.Though this setup isn’t officially required by law, it has become widespread due to anti-money laundering and identity verification rules.The Financial Services Commission and the Fair Trade Commission are now coordinating a review to see whether this long-standing practice is stifling competition and reinforcing the dominance of a few large exchanges.Rules may favour bigger exchangesUnder the existing system, exchanges need to form exclusive partnerships with domestic banks to allow customers to deposit and withdraw Korean won.Without that link, they can’t offer basic fiat services.The model emerged in response to growing demands for transparency and risk control, but may now be working against smaller market participants.A recent study commissioned by the government explored how current crypto regulations impact competition.According to findings reported by local outlet Herald Economy, researchers concluded that the one-to-one exchange-bank setup makes it harder for newer or smaller exchanges to access banking services.Even though it helps manage financial risks, applying the same strict standards across the board may be excessive when firms vary in size, volume, and risk profile.The study also noted that most Korean won-based crypto trading happens on just a few large platforms, making the market highly concentrated.Liquidity gap highlights entry barriersThe research pointed out that when a few platforms dominate trading volume, they benefit from deeper liquidity and faster transactions.This creates a cycle where users are more likely to choose the bigger players, further limiting the reach of smaller exchanges.As long as banking access remains difficult, that pattern is unlikely to change.This concentration may make the market less dynamic, reduce innovation, and restrict consumer options.As a result, the current setup could be reinforcing the position of already-powerful exchanges, rather than encouraging healthy competition.Lawmakers delay key digital asset billThe review of crypto-banking links comes alongside delays in broader legislative changes.The Digital Asset Basic Act, which is expected to reshape the country’s crypto regulation, was initially scheduled for submission before the end of 2023.However, on December 31, lawmakers pushed it back to 2026.The bill proposes allowing the launch of stablecoins backed by the Korean won, as long as the issuing companies store their reserve assets with approved custodians such as banks.The delay stems from disagreements over how to supervise stablecoin issuers and whether a new oversight body should pre-approve them.The Financial Services Commission is also weighing how to allow both financial and non-financial firms to take part in this sector without compromising on safety.The goal is to support innovation while maintaining strong regulatory safeguards.The post South Korea may target fairer crypto market with banking rule changes: report appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/south-korea-targets-fairer-crypto-market-with-banking-rule-changes/

Portugal prohibits political betting under its 2015 online gambling law.Polymarket remains accessible, but regulators may ask ISPs to block it.Polymarket faces restrictions in 30+ countries, with access limits varying by market.Portugal’s gambling regulator has ordered blockchain-based prediction market Polymarket to cease operations in the country within 48 hours after the platform saw a sharp spike in activity linked to Sunday’s presidential election.According to Rádio Renascença, bets placed on the outcome of the Jan. 18 vote exceeded 103 million euros ($120 million).The regulator, the Serviço de Regulação e Inspeição de Jogos (SRIJ), said Polymarket does not hold a licence to offer betting services in Portugal and is therefore operating illegally.The enforcement step highlights how prediction markets are increasingly colliding with national gambling laws, particularly when political events drive rapid inflows of user activity and large volumes of capital.A fast-growing prediction market meets strict local gambling rulesPolymarket is a prediction market that lets users bet on real-world events such as politics, sports, or other developments by buying shares tied to potential outcomes.In Portugal, betting on political events and other real-world outcomes is illegal.Under the country’s 2015 online gambling law, betting is permitted only on sports, casino games, and horse racing.SRIJ said Polymarket is not authorised to offer betting services in Portugal and cannot legally operate political markets, whether they relate to domestic events or international developments.The regulator’s 48-hour deadline and what could come nextThe regulator’s decision was tied to the surge in election-related betting, with activity around the Portuguese presidential race drawing increased attention.SRIJ formally ordered Polymarket to quit the country within 48 hours.However, the platform remains accessible for now, though regulators may soon instruct internet service providers to block access.Other prediction market platforms, including Kalshi, Myriad, and Limitless, also appear to be accessible in Portugal, even as authorities focus specifically on Polymarket’s licensing status and its political betting markets.Election-related volume draws fresh scrutinyThe size of the wagering linked to the Jan. 18 vote has put the spotlight on how quickly liquidity can concentrate on political markets.Rádio Renascença reported that bets exceeded 103 million euros ($120 million), underscoring the scale of the activity on Polymarket tied to Portugal’s presidential election.Such volumes can draw regulator attention faster than smaller niche markets, especially in jurisdictions where political betting is explicitly restricted.Polymarket faces bans in 30+ countriesPolymarket was founded in 2020 and has already faced restrictions in more than 30 countries, including Singapore, Russia, Belgium, Italy, and, more recently, Ukraine.Regulatory approaches vary by jurisdiction. Some countries, such as Belgium, have blacklisted the website.Others, including France, have limited access so that local users can enter the platform in a “view-only” mode rather than actively participate.Portugal’s enforcement action adds to that growing list and shows how legal pressure on prediction markets can escalate quickly when platforms gain traction around elections.The post Portugal orders Polymarket to shut down over election betting surge appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/portugal-orders-polymarket-to-shut-down-over-election-betting-surge/

Swap wETH to Mantle’s mETH from major chains in under 60 seconds.No traditional bridges, slippage, or complex onboarding steps required.Netting + rebalancing cuts liquidity fragmentation and operational costs.The blockchain industry’s liquidity fragmentation problem has a new solution.Everclear, the interoperability protocol formerly known as Connext, has launched cross-chain asset settlement on Mantle Network.The partnership will allow users to convert wrapped Ethereum (wETH) from major chains including Ethereum, Arbitrum, Base, and Polygon directly into Mantle’s mETH token in under 60 seconds.The integration bypasses traditional bridging entirely, marking a significant infrastructure breakthrough for decentralized finance adoption.​The partnership tackles one of DeFi’s most stubborn challenges: liquidity fragmentation.As blockchain ecosystems have proliferated, identical assets now exist in multiple representations across different networks.This fragmentation creates inefficiency, higher costs, and friction that deters both retail and institutional participation.Everclear’s clearing infrastructure solves this problem by netting cross-chain flows and automatically rebalancing inventory, dramatically reducing redundant liquidity and operational costs.​How the settlement layer worksThe mechanics are elegant in their simplicity. Users holding wETH on any supported chain select Mantle as their destination.Everclear’s solver network fills the intent immediately, delivering mETH to the user’s wallet while managing settlement and rebalancing operations behind the scenes at optimal pricing.The result is zero slippage, fast execution, and capital efficiency that traditional bridges cannot match.​Nikita Bulgakov from the Everclear Foundation explained the vision:Everclear was built to be the settlement layer for a fragmented, multi-asset future. By connecting different representations of the same asset, we enable partners like Mantle and mETH Protocol to offer a truly chain-abstracted experience to users.​Accelerating Mantle’s institutional adoptionMantle has emerged as a serious contender in the liquidity infrastructure space, anchoring over $4 billion in community-owned assets and positioning itself as the premier gateway for institutions connecting with on-chain liquidity and real-world assets.The mETH Protocol, Mantle’s flagship liquid staking solution, achieved a peak total value locked of $2.19 billion and is now integrated across 40+ major platforms including Bybit, Ethena, and leading custody providers like P2P and Copper.“Real-world usability of on-chain assets depends on efficient settlement across chains,” said Emily Bao, Key Advisor of Mantle.This integration reinforces Mantle’s RWA and ETH-native strategy by removing onboarding friction and enabling capital to flow into the ecosystem in a more scalable, institutional-grade way.The Everclear partnership removes a critical barrier to growth.Previously, users navigating multiple chains faced bridge risks, slippage costs, and complexity that discouraged participation. Now, onboarding becomes frictionless.Expanding the settlement layerEverclear already processes approximately $400 million in monthly volume across blue-chip assets and stablecoins, serving professional users including market makers, solvers, bridges, and exchanges.The Mantle launch marks the beginning of expanded cross-asset settlement capabilities, with plans to support additional ETH-based assets, stablecoins, and emerging blockchain networks.​This development underscores the industry’s evolution toward chain-abstracted finance, where users and institutions interact with blockchain infrastructure without managing underlying complexity.For the DeFi ecosystem, it represents a meaningful step toward mainstream adoption.The post Everclear launches cross-chain asset settlement on Mantle, enabling 60-second wETH-to-mETH swaps appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/everclear…

The Optimism Foundation’s proposal for a token buyback goes to a vote on January 22, 2026.OP price has fallen sharply over the past year, and sentiment is largely bearish.The buyback could catalyze gains, with OP eyeing $0.52-$0.75.Optimism’s OP token changed hands around $0.30 on Tuesday, January 20, 2026, slightly up in the past 24 hours as the community edges towards a key governance vote.But having traded to intraday highs of $0.37 last week, the token’s dip to current levels risks allowing for a pullback to all-time lows of $0.25 reached in December.Can Optimism Foundation’s plans for a buyback program that commits Superchain revenue to monthly OP purchases bolster bulls?​Optimism buyback details and implicationsOptimism is set for a governance vote on January 22, 2026, following a proposal floated earlier this month.The Optimism Foundation wants community approval to allocate half of the sequencer fees for open-market buybacks of OP.A proposal for the next chapter of Optimism 🔴The Optimism Foundation is putting forward a proposal to align the OP token with growing Superchain demand by directing 50% of incoming Superchain revenue to regular OP buybacks https://t.co/VSDazlbRdX pic.twitter.com/jBQoJyxDCF— Optimism (@Optimism) January 8, 2026If the vote passes, the program will start in February, with 50% of Superchain revenue flowing to Optimism. Repurchases are set to occur over the next year.The remaining 50% funds will be allocated to ecosystem grants, maintaining flexibility.As with other  models, such as dYdX’s 75% fee buybacks, Optimism aims to buy from the market. However, the tokens go back to the OP treasury rather than direct burns.If the latter happens, supply reduction will signal confidence in OP and Superchain’s dominance.“With this buyback mechanism, OP transitions from a pure governance token to a token that is tightly aligned with the growth of the Superchain,” Optimism wrote at the time.The mechanism targets every enterprise that creates a new chain on the Superchain, with these expected to add to the underlying demand for OP.​OP token price forecastThe Optimism (OP) price is down nearly 94% from its peak of $4.85 reached in March 2024. The downtrend has crushed holder sentiment, and despite the buyback proposal, the outlook is largely bearish.Bears may hold this advantage unless Optimism for instance, burns the repurchased tokens. BNB’s quarterly burns have helped the token’s price storm to new highs.In the short term, a post-vote rally could push prices to $0.52.Optimism Price ChartOptimism price chart by TradingViewAs the daily chart above indicates, the 50-day and 200-day exponential moving averages act as supply zones at $0.32 and $0.51 (currently).Targets in the $0.60-$0.75 range are a possibility should the crypto market experience a rebound from current downward pressure.Gains for Ethereum and top ecosystem tokens will catalyse this likely OP bounce.However, bearish pressure means the psychological $1 mark remains well off the threshold for now.Major token unlocks will continue to cap gains, too, and a dip to $0.25 on fresh downward catalysts will encourage sellers.The post Optimism (OP) slips toward $0.25 ahead of Jan. 22 buyback vote appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/optimism-op-slips-toward-0-25-ahead-of-jan-22-buyback-vote/

Litecoin price fell below $70, trading to lows seen in April 2025.Declines follow a broader cryptocurrency market downturn amid geopolitical tensions.Bitcoin and Ethereum dropped to key support levels.Litecoin (LTC) price has turned negative amid mounting downward pressure, with a slight dip in the past 24 hours pushing LTC below the critical $70 mark.Seller dominance has the altcoin trading nearly 10% down over the past week.This comes amid escalating geopolitical tensions fueled by uncertainties surrounding Greenland and the United States’ interest in the Arctic territory currently under Denmark.It’s this dampening risk appetite across digital assets that has Litecoin at risk amid a correction to levels seen in April last year.Litecoin fails to hold $70 supportLitecoin’s price action turned bearish after hitting a high of $84 on January 6, 2026.A series of lower highs and lows led to today’s breach of the psychologically vital $70 support level.It’s the first time in nearly a year, with market data showing LTC dipped to a low of $68.45 during early US trading hours on Jan. 20.Daily volume, however, shrank 45% to about $413 million, indicating a potential thaw in heavy selling.Litecoin Price ChartLitecoin price chart by TradingViewInterestingly, the $70 level coincides with a long-term downtrend line from early 2020.The weekly chart also shows that the 50-week exponential moving average (EMA) is about to cross below the 200-week EMA.A 50‑week EMA crossing below the 200‑week EMA is generally interpreted as a long‑term bearish signal.In technical analysis, this is a “death cross,” and often suggests downside or weak performance, in this case, it suggests the recent trend has weakened.The weekly RSI is downsloping but not yet in oversold territory, but last time it touched the threshold, the LTC price hit lows of $46.On-chain metrics also reveal a surge in long-position liquidations.According to Coinglass data, Litecoin has seen close to $800,000 in 24 hour liquidations. Meanwhile, open interest at $564 million points to potential exacerbation of the slide.The areas around $62 and $51 offer the next support zones.Bitcoin, Ethereum fall to key levelsGlobal stocks fell on Tuesday, and mirroring the move is Bitcoin (BTC), which extended its correction amid the geopolitical tensions related to Greenland.BTC has fallen to near $90,000, with buyers unable to reclaim key levels despite bullish corporate signals. Strategy’s announcement of acquiring 22,305 BTC for $2.13 billion, at an average of $95,284 per coin, did not lift buyers.Among top altcoins, Ethereum (ETH) has shed over 5% in the past 24 hours to hover near $3,000.XRP has again failed to rally amid a recent spike and slipped to $1.92 as cryptocurrencies struggled.Geopolitical risks may see these coins tumble further.The post Litecoin dips below $70 as geopolitical tensions throttle crypto momentum appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/litecoin-dips-below-70-as-geopolitical-tensions-throttle-crypto-momentum/

Bitcoin fell to lows of $87,800 on Tuesday before bouncing to above $89,000.Losses for BTC came as gold hit new record high above $4,870.Galaxy Digital CEO Mike Novogratz says bulls need to take out bears around $100,000-$103,000.Bitcoin dipped to around $87,800 on Tuesday, breaking lower as risk assets struggled.However, amid waning investor confidence in the bellwether digital asset, gold has surged to new record highs.Industry heavyweight Mike Novogratz says the flagship digital asset needs to reclaim the $100,000 mark to resume its uptrend.Bitcoin price bounces off $87,800 lowBroader market uncertainty, including geopolitical tensions, has kept Bitcoin below the psychologically important $100,000 level.In the latest session, the cryptocurrency slipped under $90,000, with data from CoinMarketCap showing intraday lows of $87,814 on major exchanges.Bitcoin’s rally earlier this year was driven by strong institutional demand, but that momentum has eased in recent weeks.In contrast, gold has climbed to fresh record highs above $4,870, reinforcing its role as a safe-haven asset amid heightened geopolitical risks and ongoing macroeconomic pressures.Mike Novogratz, the outspoken CEO of Galaxy Digital Holdings, weighed in on Bitcoin’s current woes via a post on X.Novogratz, a veteran Wall Street trader turned crypto evangelist,  notes that Bitcoin could regain its upward momentum if bulls reclaim the $100,000-$103,000 level.“The gold price is telling us we are losing reserve currency status at an accelerating rate.   The long bond selling off is not a good sign either,” he posted on X. “BTC is disappointing as it is still being met with selling.  I will reiterate it has to take out 100-103k to regain its upward trend. I think it will, in time.”Bitcoin price technical outlookFrom a technical perspective, the declines have pushed prices beneath the critical 61.8% Fibonacci retracement level calculated from its April low of $74,400 to October’s record peak of $126,198.Bears have also breached the key support zone at the 50-day Exponential Moving Average (EMA) at $92,066 and a prior upper consolidation boundary near $90,000.Bitcoin Price ChartBitcoin price chart by TradingViewOther technical signals reinforcing the pessimistic outlook include the Relative Strength Index (RSI), which currently stands at 42.Notably, the Moving Average Convergence Divergence (MACD) indicator has also flashed a bearish crossover, suggesting sellers are in control.Volume profiles indicate thinning buying interest, which could exacerbate downside risks if headwinds persist.A sustained close below $87,700 could accelerate the downturn toward the lower channel boundary at $85,450.The demand reload zone aligns with the 78.6% Fibonacci retracement level.The post Bitcoin touches lows of $87,800 as gold hits new record high appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/bitcoin-touches-lows-of-87800-as-gold-hits-new-record-high/

TRON (TRX) has extended its decline amid a widespread cryptocurrency market pullback.Prices have dropped further from recent highs near $0.32 and could slide to lows of $0.25.Market conditions, including Bitcoin’s performance, will dictate overall movement.Latest market data shows the TRON token slipping below key support levels at $0.30, with this coming amid downward pressures related to geopolitical and macroeconomic uncertainty.This comes as reduced risk appetite impacts top coins. Broader market losses tied to jitters around souring US-EU trade relations have spooked investors.On Tuesday, Bitcoin dropped below $90,000 and briefly slid to $87,800.Ethereum slid to under $3,000 amid sharp losses for US stocks, while Solana, BNB and XRP all fell below key support levels.TRON price slips below $0.30As crypto caught a bid last week, TRON’s price jumped to $0.32.However, with bulls retreating across the market, the altcoin has once again breached the critical $0.30 support level.Volume-driven selling has accelerated the drop, with the token now trading near $0.29 as of writing.The 24-hour trading volume is up 22% to over $770 million.This slip echoes patterns seen in late 2025, when TRX hovered around $0.28 to $0.30 amid similar market hesitancy.While the token showed signs of pulling higher,  it generally has underperformed the broader crypto index.The repeated test of the psychological support and resistance zone highlights indecisiveness.Technical analysis: What next for TRON?TRX displays weakening bullish momentum on the daily chart.As can be seen,  the MACD signals a reversal with the histogram contracting.Meanwhile, an RSI near 47 signals a potential acceleration towards oversold territory.On the daily chart above, we can see the TRX price rose as RSI climbed to hit overbought conditions.The pullback follows these gains and points to profit-taking.Declines have pushed prices below the support line of a narrow ascending channel, and failure to reclaim $0.30 could allow bears to target lower supports at $0.25.The 50-day exponential moving average currently acts as key reload zone near $0.29.TRON Price ChartTRON price chart by TradingViewAs such, upside potential remains if buying interest rebounds amid broader market recovery.Bulls’ first targets lie in the $0.32-$0.33 resistance zone. Short term, with momentum hinging on broader market conditions, will see bulls eye $0.38 and $0.50.How BTC navigates the negative terrain is crucial for altcoins, as an extension of bearish price action spells doom for buyers across the crypto market.The post TRON extends downturn from $0.32 on broader crypto woes appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/tron-extends-downturn-from-0-32-on-broader-crypto-woes/

Axie Infinity (AXS) price jumps past $2 amid renewed GameFi investor interest.On-chain data shows rising exchange balances and declining holders.$2 remains a key support, with volatility and profit-taking signalling a looming pullback risk.Axie Infinity (AXS) has staged an impressive comeback, surging past the $2 mark in the latest rally.The token’s recovery has captured the attention of GameFi enthusiasts and investors alike.This rebound comes amid a broader resurgence in the gaming and decentralised finance sector.Strong AXS price recovery and market momentumOver the past week, Axie Infinity (AXS) has jumped nearly 92%, highlighting renewed investor interest.Today, in just 24 hours, the token rose by 19%, with its price currently at $2.406. This surge represents a strong rebound from the $1.06 low recorded earlier this week.Axie Infinity surges past $2 Axie Infinity price chart | Source: TradingViewFurthermore, AXS’s market capitalisation now stands at $407 million, supported by over $1 billion in daily trading volume.Such activity underscores the high liquidity and demand driving the current rally.The rally is partly fueled by renewed optimism in the GameFi space.Investors are increasingly attracted to projects like Axie Infinity that combine gaming with blockchain incentives.South Korean traders, in particular, have contributed significantly to the token’s resurgence, trading AXS at a premium on major exchanges.Additionally, the project’s development of the bAXS token has provided further momentum by promising new staking and ecosystem benefits.On-chain data signals cautionDespite the bullish momentum, several on-chain indicators suggest caution.The number of AXS holders has declined sharply in the past week, signalling profit-taking among investors.Exchange balances have also risen slightly, indicating potential selling pressure that could slow or reverse gains.Axie Infinity on-chain exchange flowSource: ArkhamMeanwhile, weekly active addresses on the Ronin network remain below 10,000, showing that user growth has yet to fully recover.Futures open interest for AXS has reached $130 million, the highest in three years, highlighting elevated speculative activity and liquidation risk.Furthermore, the transaction flow data presents a mixed picture.Some investors are withdrawing AXS from exchanges, signalling bullish sentiment.Others are depositing tokens back onto exchanges, suggesting caution or potential profit-taking.These conflicting signals emphasise that while the short-term rally is strong, market dynamics remain fragile.Axie Infinity price forecastLooking ahead, $2 serves as a critical support level for Axie Infinity.A sustained move above this point could pave the way for further gains in the short term.However, the declining holder count and high speculative activity suggest that volatility may persist.Investors should monitor both trading volume and on-chain metrics to gauge market sentiment.Long-term growth for Axie Infinity (AXS) will likely depend on revitalising user engagement and expanding its GameFi ecosystem.Despite the impressive rebound, caution is warranted as the token navigates this critical phase.The post Axie Infinity surges past $2 as GameFi market revives, but caution looms appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://coinjournal.net/news/axie-infinity-surges-past-2-as-gamefi-market-revives-but-caution-looms/