Reports from other industry players also suggest a positive outlook for the crypto market in 2025.

A Favorable Regulatory Environment Will Drive Market Growth

The first major prediction highlights that regulatory changes will benefit the overall crypto market. Coinbase refers to the incoming US Congress as “The Most Pro-Crypto US Congress … Ever.” Among potential developments, the establishment of a Strategic Bitcoin Reserve could become a reality.

Notably, pro-crypto movements are not limited to the US; regions such as Europe, the G20, the UK, the UAE, Hong Kong, and Singapore are actively developing regulations to support digital assets.

Binance CEO Richard Teng also predicts that regulatory changes in the US will act as a growth catalyst in 2025, with other countries likely to follow suit.

Positive Developments for Crypto ETFs

Coinbase highlights the significance of Bitcoin and Ethereum ETFs in attracting new capital. Data reveals that net inflows have reached $30.7 billion since their introduction.

The report also suggests that ETFs linked to assets like XRP, SOL, LTC, and HBAR might gain approval, although their benefits could be short-term.

Crucially, Coinbase speculates that the SEC may approve staking in ETFs or eliminate the requirement for creating and redeeming ETF shares in cash, potentially broadening the ETF market. SEC Commissioner Hester Peirce has hinted that these developments could occur “early on.”

Global Adoption of Stablecoins

Coinbase projects a highly optimistic scenario for the adoption of stablecoins. With a market capitalization exceeding $190 billion, stablecoins currently account for 0.9% of the US M2 money supply.

The report anticipates stablecoins could grow to comprise 14% of the $21 trillion US M2 supply, driven by their speed and cost efficiency compared to traditional methods.

“Indeed, we may very well be getting closer to the day when the first and primary use cases for stablecoins won’t just be trading but rather global capital flows and commerce.” Coinbase predicted.

Tokenization to Thrive Amid Regulatory Challenges

Coinbase expects tokenized assets to experience continued growth in 2025. The capitalization of tokenized real-world assets (RWA) has grown over 60% in the past year, reaching nearly $14 billion.

Estimates suggest that RWA capitalization could increase by at least $2 trillion over the next five years, bolstered by traditional financial giants like BlackRock and Franklin Templeton.

The tokenization trend extends beyond traditional assets such as US Treasury bonds and money market funds to areas like private credit, commodities, corporate bonds, real estate, and insurance.

“Eventually, we think tokenization can streamline the entire portfolio construction and investing process by bringing it onchain, although this may yet be a few years away. Of course, these efforts face their own set of unique challenges, including liquidity fragmentation across multiple chains and persistent regulatory hurdles.” Coinbase predicted.

A Messari report echoes these sentiments, forecasting that Bitcoin and tokenized RWAs will dominate 2025 discussions.

DeFi to Rebound in 2025

Despite the market’s peak capitalization exceeding $3.7 trillion, DeFi’s total value locked (TVL) has yet to reclaim its previous high of $200 billion; it currently stands at $120 billion.

Coinbase argues that DeFi faced significant challenges in the last cycle, as many protocols offered unsustainable yields. However, regulatory changes in the US could allow DeFi protocols to share revenue with token holders, fostering a revival.

The report also references comments by Federal Reserve Governor Christopher Waller, who stated that DeFi could complement centralized finance (CeFi) with distributed ledger technology (DLT), enhancing data storage efficiency.

The post Coinbase’s 5 Predictions for The Crypto Market in 2025 appeared first on BeInCrypto.

This overall decline around the project has raised concerns about the altcoin’s short-term performance. According to this on-chain analysis, those concerns may be valid.

Cardano Encounters Major Roadblock

On December 8, Cardano’s price rose to a yearly high of $1.22. But today, the cryptocurrency’s value is down to $0.88 due to notable sell-offs. While ADA holders might anticipate a bounce within a short period, the In/Out of Money Around Price (IOMAP) shows that it could be challenging.

The IOMAP is an indicator that spots on-chain support and resistance. To do this, the indicator looks at the addresses currently in unrealized profits compared to those in losses.Typically, the higher the volume at a price range, the stronger the support or resistance.

According to IntoTheBlock, the major resistance for ADA lies around $0.92. In this area, 58,470 Cardano addresses accumulated 951.02 million tokens, which is higher than the token in the money between $0.74 and $0.88.

Should buying pressure remain low, then ADA’s price might find it challenging to rise above the current price. Instead, the token might experience an extended correction. 

Data from Santiment supports this sentiment, highlighting a significant drop in Cardano’s network activity. On December 16, the number of 24-hour active addresses stood at over 51,000, but at press time, this figure had fallen to 32,700.

An active address is defined as a wallet involved in a successful transaction—either as a sender or receiver—over a given period. This metric serves as a strong indicator of daily user activity on the blockchain. 

A rise in active addresses signals increased user engagement, which is typically bullish for price action. Therefore, the ongoing decline in this metric suggests a bearish sentiment surrounding ADA.

ADA Price Prediction: Extended Correction Unavoidable

From a technical perspective, the Exponential Moving Average (EMA) suggests that Cardano’s price could continue to decline. The EMA is an indicator that measures the trend around a cryptocurrency. 

On the daily chart, the ADA price has dropped below the 20 EMA (blue). Dropping below the EMA suggests a bearish outlook. Also, the token’s value is around the same spot as the 50 EMA (yellow).

This position indicates that Cardano is on the verge of losing the support at $0.88. Should this remain the same, ADA’s price might decrease to $0.77. In a highly bearish scenario, the altcoin’s value might fall to $0.55.

However, if Cardano network activity rises, this trend might change. In that scenario, the cryptocurrency’s value could jump to $1.33.

The post Cardano (ADA) 18% Decline Raises Alarm Amid Weak Network Activity appeared first on BeInCrypto.

In the news today:

• Donald Trump announced on Truth Social that former congressional candidate Bo Hines has been named Executive Director of the Presidential Council of Advisers for Digital Assets. 
• Richard Heart, the founder of the HEX token, has been added to Interpol’s Red Notice list, facing allegations of tax fraud and violent assault.

The Crypto Market Continues Its Cooldown

The total crypto market capitalization has dropped $48 billion in the past 24 hours, now sitting at $3.18 trillion. This puts it below the $3.29 trillion resistance level—the key hurdle on its path to reclaiming the all-time high of $3.73 trillion.

This makes the $3.29 trillion price zone a crucial resistance level. Failure to break above it could trigger a deeper decline, potentially dragging TOTAL’s value below $3 trillion to $2.95 trillion.

On the other hand, if trading activity regains momentum, this bearish outlook will be invalidated. TOTAL may successfully break above the key resistance level and attempt to revisit its all-time high.

Bitcoin Eyes More Decline

Since reaching a new all-time high of $108,230 on December 17, Bitcoin’s price has trended downward. Currently, the leading coin trades at $94,900, noting a 12% price fall in the past six days.

On the daily chart, BTC’s Super Trend indicator highlights the low demand for the king coin. For the first time since September 19,  BTC’s price is below the red line of this indicator.  

The Super Trend indicator tracks the overall direction and strength of a trend in asset prices. It appears as a line on the price chart that changes color to reflect the trend direction. When the Super Trend line appears above the asset’s price, it indicates a downtrend, suggesting bearish momentum is likely to persist.

If this downtrend continues, BTC’s price may plunge toward $90,707.

On the other hand, if buying activity gains momentum, the coin’s price could break above the resistance formed at $95,630 and rally to its all-time high of $108,230.

Hypeliquid Drops By Double Digits

HYPE’s value has dropped by 22% in the past 24 hours, making it the altcoin with the most losses during that period.

This price decline is fueled by the surge in selling pressure as market participants take profits following the altcoin’s recent all-time high of $35.51 reached on December 22. If selloffs intensify, HYPE’s price will extend its decline and fall toward $22.90. 

Conversely, if buying activity recommences, this may propel HYPE’s price to reclaim its all-time high and potentially rally past it.

The post Why Is the Crypto Market Down Today? appeared first on BeInCrypto.

This surge coincides with the global AI market’s impressive market cap of $214 billion this year. The convergence of AI and blockchain is reshaping how these technologies are developed, accessed, and deployed. But is decentralized AI more than just a speculative trend?

Breaking Down Decentralized AI

Decentralized AI integrates artificial intelligence into systems that prioritize distributed ownership, governance, and collaboration. Unlike traditional AI models, which are often centralized, decentralized AI operates through trustless frameworks.

Investors are jumping on the trend now more than ever, with decentralized AI startups raising more money this year than the previous three years combined.

Projects like SingularityNET exemplify this model by enabling the creation, sharing, and monetization of AI services. In March 2024, SingularityNET, Fetch.ai, and Ocean Protocol announced plans to merge their tokens.

This merger aims to advance collaborative AI initiatives and democratize access to these technologies. These frameworks can help reduce reliance on centralized institutions, paving the way for open and fair AI ecosystems.

The rise of decentralized AI is fueled by its potential to address privacy and ownership concerns. These agents can manage wallets, execute trades, and personalize content while safeguarding user data.

“Crypto users are already big on owning their assets and data, so decentralized AI fits perfectly by enabling AI agents that work directly for each user.Even more exciting, in crypto, you can have shared ownership of these AI agents. Imagine a DAO collectively owning an AI that manages its treasury, or a group funding an AI artist to generate unique NFTs. It’s about combining the intelligence of AI with the transparency and fairness of blockchain,” Jawad Ashraf, CEO of Vanar said in an interview with BeInCrypto.

Another key driver is the seamless integration of blockchain and AI. Blockchain offers secure data storage, while AI processes data and generates insights. Community-driven innovation and the appeal of shared ownership further enhance its adoption.

Challenges and Risks in DeAI

Despite its promise, decentralized AI faces significant challenges. Scalability remains a technical hurdle as blockchain’s current infrastructure struggles to handle AI’s resource-intensive demands efficiently.

Trust and governance also pose challenges. Transparency and accountability mechanisms are critical to fostering this trust.

“Scaling large datasets and models across decentralized networks without compromising performance is a significant hurdle,” Chi Zhang, CEO of Kite AI, said in an interview with BeInCrypto.

Data privacy concerns further complicate adoption. A recent survey by Informatica found that 40% of data leaders identified data privacy and protection as significant challenges in adopting generative AI. Frameworks must address these issues to gain widespread user trust.

“Conceptually, one of the toughest issues is trust. Decentralized AI requires people to trust not just the AI but the entire network running it, which means frameworks need clear, transparent mechanisms for accountability and decision-making,” explains Ashraf.

Decentralized AI must demonstrate utility to move beyond retail-driven speculation. For example, privacy-preserving AI can securely analyze sensitive medical data without centralizing it.

Financial markets offer another practical use case. Mark Stokic, Head of AI at Oasis Protocol, stresses the role of privacy-enabled AI agents in generating trading signals. These agents protect sensitive data while contributing to collective intelligence. According to him, the key is in building something that is still valuable once the hype dies down.

Moving Towards the Future

Forbes projections suggest the global AI market will reach $1,339 billion by 2030, a stunning ascension from $214 billion this year. This growth highlights the opportunity for decentralized systems to scale alongside traditional AI.

Stokic envisions these technologies powering smart cities, financial tools, and collaborative networks. These use cases could transform industries by prioritizing privacy, efficiency, and user ownership.

“This isn’t just theoretical. We’re seeing real applications where decentralized networks are providing compute power that would be impossible to access otherwise. Also, we finally have some attention from outside the crypto world. We’re seeing AI PhDs as founders of crypto companies. These aren’t just crypto natives trying to jump on the AI bandwagon, they’re AI experts who recognize blockchain’s potential to solve fundamental problems in the field,” Stokic said in an interview with BeInCrypto.

To realize its potential, decentralized AI must prioritize real-world applications and sustainable infrastructure. Projects like OG Labs and Warden Protocol are paving the way, showing what is possible when utility outshines hype.

“Decentralized AI must prioritize equitable development by tokenizing data and model contributions to incentivize broad participation while reducing reliance on centralized actors. Real-world use cases, such as DeFi strategy execution, decentralized supply chain management, and privacy-preserving healthcare diagnostics, can demonstrate its practical utility. Developing interoperable frameworks that enable seamless AI operations across multiple blockchains is essential for fostering scalability and widespread adoption,” said David Pinger, CEO of Warden Protocol, in an interview with BeInCrypto.

Decentralized AI is at a defining moment. Its rapid growth and promising potential must contend with significant challenges. It represents both a speculative trend and a transformative technology.

Its growth is driven by privacy, transparency, and collaborative innovation. The real test for this sector lies in whether or not it can deliver practical and transformative applications.

The post Experts Discuss if Decentralized AI is Next Big Trend or Just Another Retail Fad appeared first on BeInCrypto.

Heart is a controversial figure in the crypto sector. In addition to founding and managing the HEX project, he is also associated with other projects such as PulseChain and PulseX.

Interpol Pursues Richard Heart for Tax Evasion and Armed Assault

Interpol has issued a Red Notice for Richard James Schueler, born on October 9, 1979, and a US citizen. The Red Notice is a global alert requesting law enforcement agencies worldwide to locate and detain the individual for extradition.

According to EUMostWanted, Schueler failed to comply with statutory tax obligations, resulting in tax evasion amounting to hundreds of millions of euros. Furthermore, the platform alleges that Schueler violently assaulted a 16-year-old victim.

Nevertheless, despite Interpol’s allegations, Richard Heart has ignored the charges. Richard asserts that he is committed to making the world a better place, claiming that certain parties are conspiring to bring him down. Heart expressed confidence in the new Trump administration’s potential to deliver favorable rulings for his projects.

“My whole life I’ve been preparing for the future. Anticipating it. Creating it. I’ve never been safer and I’m excited for the future. The Honorable Justice in SEC v me should have her ruling out soon. Donald Trump will be in office soon. PulseX, PulseChain, HEX, INC are all functioning wonderfully. This makes some entities mad, but there’s literally nothing they can do about it except be mad. It feels great to be wanted. Nothing can stop an idea whose time has come.” Richard Heart said.

Additionally, earlier this year, Heart and his legal team submitted a letter to Judge Carol Bagley Amon of the US District Court for the Eastern District of New York in an effort to counter the SEC’s allegations of securities fraud.

Following the announcement of the Red Notice, HEX token prices jumped 30%, increasing from $0.0032 to $0.0044. CoinMarketCap reports that HEX’s market capitalization has decreased by 50% in December, now at $2.54 billion. Additionally, DefiLlama notes that PulseX’s total value locked reached $700 million in December before falling to $534 million.

The post HEX Token Founder Richard Heart Wanted by Interpol for Fraud and Violent Crime appeared first on BeInCrypto.

However, Bitcoin also has internal factors to counterbalance the negative impact of the macro.

Global Liquidity Plunges Over the Past Two Months

According to The Kobeissi Letter, Bitcoin’s price has historically shown a 10-week lagged correlation with Global Money Supply (Global M2). Over the past two months, Global M2 has fallen by $4.1 trillion, signaling potential further declines in Bitcoin prices if the trend continues.

Global M2 is a key economic metric that measures the total supply of money in the global economy, including cash, demand deposits (M1), term deposits, and other liquid assets. Fluctuations in Global M2 often impact both stock and cryptocurrency markets.

“As global money supply hit a new record of $108.5 trillion in October, Bitcoin prices reached an all-time high of $108,000. Over the last 2 months, however, money supply has dropped by $4.1 trillion, to $104.4 trillion, the lowest since August. If the relationship still holds, this suggests that Bitcoin prices could fall as much as $20,000 over the next few weeks.” – The Kobeissi Letter predicted.

A month ago, Joe Consorti, Head of Growth at Bitcoin custody firm Theya, warned of a potential 20%-25% Bitcoin correction based on similar indicators. That forecast appears to be materializing.

André Dragosch, Head of Research at Bitwise, shares a similar outlook. He anticipates Bitcoin will remain under pressure due to tightening liquidity in the United States. However, he highlights an internal Bitcoin factor that could counterbalance this liquidity squeeze: Bitcoin’s growing illiquid supply.

A higher illiquid supply indicates increased scarcity of Bitcoin, potentially supporting its price under supply-demand dynamics.

“Bitcoin is currently balancing the prospects of a) increasing macro headwinds stemming from the decline in US and global liquidity and b) ongoing on-chain tailwinds stemming from the strong BTC supply deficit. Eventually bullish on-chain factors will likely trump bearish macro factors but this will likely create some volatility in early 2025 (and possibly some attractive buying opportunities).” – André Dragosch commented.

At press time, Bitcoin is trading around $94,000, with BeInCrypto data showing it has dropped nearly 6% over the weekend.

The post Experts Predict Bitcoin Could Drop $20,000 Amid Global Money Supply Decline appeared first on BeInCrypto.

The appointment comes as part of a broader expansion of Trump’s economic advisory team, signaling increased attention to crypto policy.

Hines’ Journey From Political Career to Crypto Advisory Leadership

Hines, 29, will work alongside previously appointed David Sacks, who oversees crypto and AI initiatives. The dual appointment structure suggests a coordinated approach to digital asset policy, with Trump emphasizing the need for both innovation and industry support.

“In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote, outlining a vision for industry development that balances growth with institutional support.

Hines’ appointment follows an active political career in North Carolina, where he secured the Republican nomination in 2022. Despite losing that general election to Democrat Wiley Nickel, Hines maintained his political presence. Later, he mounted an unsuccessful primary campaign in the state’s 6th district in 2024, where he placed fourth with 14.4% of the vote.

The appointment draws attention due to Hines’ previous connections to crypto funding sources during his 2022 campaign. This includes contributions from pro-crypto PACs. Notably, some funding came from former FTX executive Ryan Salame, who is serving a prison sentence for campaign finance violations.

“I am thrilled to work alongside the brilliant David Sacks to ensure that this [crypto] industry will thrive and remain a cornerstone of our Nation’s technological advancement,” Hines said.

While Hines lacks a substantial public record of crypto policy positions, his appointment alongside established industry figures like David Sacks suggests a potential shift toward more integrated digital asset policy development. The formation of a dedicated “Crypto Council” indicates an increased institutional focus on crypto regulation and development.

The appointments come at a crucial time for digital asset policy as the industry continues to navigate regulatory challenges and institutional adoption concerns. The effectiveness of this new advisory structure will likely depend on how well it balances innovation promotion with necessary oversight considerations.

The post Donald Trump Names 29-year-old Bo Hines to Lead Digital Assets Advisory Council appeared first on BeInCrypto.

These whispers gained momentum following a vague tweet from Binance founder and former CEO Changpeng Zhao.

Rumors of UAE’s Bitcoin Wealth Spotlight Nation-State Accumulation Trends

On December 22, Zhao cited an unconfirmed report that alluded that the UAE has stockpiled approximately $40 billion in the top crypto.

If true, crypto analyst Trader T stated that this would mean that the Middle Eastern country holds 411,978 BTC and potentially ranks among the top three Bitcoin holders globally and the foremost national government holder.

This revelation sparked intense discussions and varying degrees of skepticism within the crypto community. Despite the buzz, this information remains unverified and rests solely on speculative sources.

“People are stating the UAE $40b Bitcoin purchase as a FACT. From all the publicly available information, this has not been confirmed. It is just a rumour started on 𝕏 and now it has been taken as fact,” Bitcoin Archive wrote.

The notion of nation-states, particularly wealthy Middle Eastern countries, stockpiling Bitcoin isn’t new. Last month, some rumors suggested that regional powers like Saudi Arabia and Qatar might also be increasing their Bitcoin reserves as the digital asset’s value surged past the $90,000 mark.

However, these rumors remain unconfirmed as of press time. Nevertheless, market observers said these recurring stories underscore a growing trend of countries seriously considering and possibly acting on Bitcoin accumulation strategies.

Indeed, the market has seen tangible examples of this trend, notably in El Salvador. The country recently upped its Bitcoin investment, purchasing an additional 11 units of the flagship digital cryptocurrency. According to official data, this brings its total holdings to 5,993.77 BTC, valued at approximately $575 million.

This move came despite prior agreements with the International Monetary Fund (IMF) to reverse such policies. However, El Salvador authorities have made further progress towards increasing their BTC stockpile. For context, Max Keiser, a senior advisor to El Salvador’s President, revealed plans further to increase the nation’s Bitcoin reserves by 20,000 BTC.

“El Salvador is moving to a peaceful, Bitcoin standard. The interim goal in [El Salvador] is to acquire another 20,000 BTC,” Keiser stated.

The post UAE Joins Bitcoin Accumulation Buzz With Unverified $40 Billion Claim appeared first on BeInCrypto.

The sharp fall in TVL can be attributed to a drop in daily active addresses on the network. This indicates a dwindling user base and reduced on-chain activity.

Solana’s TVL Plummets Amid Low Activity

According to DeFiLlama, Solana’s Total Value Locked (TVL) currently sits at $8.01 billion, representing a 12% decline since December 1, equating to $1.1 billion exiting the ecosystem. The network’s leading DeFi protocol, Jito, has been hit particularly hard, recording a 28% drop in TVL over the past month. At the time of writing, Jito’s TVL is $2.66 billion.

Solana’s TVL decline mirrors the broader drop in usage during the period under review. According to Artemis, user activity on Solana has been on a downward trend since the start of the month. Over the past 21 days, 5.37 million unique addresses have completed at least one transaction on the L1, marking a 7% decline in activity on the chain.

Moreover, due to Solana’s low usage, its network revenue has also decreased. This decline has been further worsened by SOL’s performance, with its value dropping by 28% over the past 30 days. According to Artemis’ data, the network’s revenue has plunged by 24% since December began.

SOL Price Prediction: A Shift In Market Sentiment Could Reverse Bearish Trend

An assessment of the SOL/USD one-day chart has revealed the coin’s negative Chaikin Money Flow (CMF), which confirms its low demand. As of this writing, this indicator is at -0.04. 

An asset’s CMF measures its accumulation or distribution over a specified period, combining price and volume data. When the CMF value is negative, it indicates more market distribution (selling pressure) than accumulation (buying pressure), hinting at a sustained price decline. If SOL selloffs persist, its price may fall to $168.83. 

However, this bearish projection will be invalidated if market sentiment shifts from negative to positive and buying activity recommences. In that scenario, SOL’s price will break above resistance at $187 and attempt to surge past $200.

The post $1.1 Billion Withdrawal Pushes Solana’s (SOL) TVL to Monthly Low appeared first on BeInCrypto.

This initiative aligns with Senator Cynthia Lummis’s Bitcoin Act, which advocates for the US to amass 1 million bitcoins within the next five years. The lawmaker argues that such a reserve could place future generations on a more stable financial footing, free from debts they did not accrue or benefit from.

How a Bitcoin Reserve Could Transform US Debt Management by 2050

VanEck’s analysis supports this strategy, predicting that such an investment could cut national liabilities by an estimated $42 trillion by 2049. This projection assumes a consistent debt growth rate of 5% and an annual bitcoin appreciation rate of 25%.

In this scenario, Bitcoin’s value would skyrocket to over $42 million, making it a substantial player in the global financial arena by 2049.

“Assuming today’s $900 trillion of total global financial assets compound at 7.0% from 2025 – 2049, Bitcoin would represent 18% of global financial assets in this scenario,” the firm added.

Mathew Sigel, VanEck’s head of research, emphasized Bitcoin’s potential role in reshaping the global financial landscape. He suggested that Bitcoin might become the leading settlement currency in global trade – presenting an alternative to the US dollar – especially for countries seeking to sidestep US sanctions.

“It’s very possible bitcoin will be widely used as a settlement currency for global trade by countries who wanted to avoid the parabolic increase in USD sanctions that have been imposed,” Sigel wrote.

To kickstart this ambitious project, VanEck recommends several preliminary measures, including stopping the sale of Bitcoin from US asset forfeiture reserves.

Furthermore, they suggest that adjustments could be made under President Donald Trump’s incoming administration, such as revaluing gold certificates to their current market prices and using the Exchange Stabilization Fund to make initial Bitcoin purchases.

Indeed, these steps could help establish the reserve quickly without waiting for extensive legislative approval.

However, the proposal has met with some skepticism. Venture Capitalist Nic Carter has questioned whether a Bitcoin reserve would genuinely bolster the US dollar. Meanwhile, Peter Schiff proposes an alternative of the creation of a new digital currency called the USAcoin.

“The US could save a lot of money by creating USAcoin. Just like Bitcoin, the supply can be capped at 21 million, but with an upgraded blockchain to make USAcoin actually viable for use in payments,” Schiff suggested.

The post VanEck Argues That a Strategic Bitcoin Reserve Could Slash US Debt 36% by 2050 appeared first on BeInCrypto.

Interestingly, the recent decline has not sparked a wave of sell-offs. This suggests that the bullish sentiment remains strong, and market participants expect the coin’s price to rise back above $100,000 in the near term.

Bitcoin Sees Decline in Selloffs

According to CryptoQuant’s data, BTC net outflows from cryptocurrency exchanges over the past week have exceeded $2.5 billion. Net outflows from exchanges track the amount of coins or tokens withdrawn from exchange wallets.

When an asset’s exchange outflow spikes, it indicates a shift towards holding assets in private wallets rather than trading or selling. This often signals a bullish sentiment, as investors may expect prices to rise. 

Commenting on its implications for Bitcoin, pseudonymous CryptoQuant analyst KriptoBaykusV2 noted in a recent report:

“If the trend of Bitcoin outflows continues, this could reduce selling pressure in the market. With fewer Bitcoin available on exchanges and demand staying the same or increasing, prices could see upward momentum.”

Additionally, the coin’s positive funding rate supports the likelihood of this upward projection in the near term. Currently, the funding rate in perpetual futures markets stands at 0.0081.

When an asset’s funding rate is positive, it means long positions are paying short positions. This indicates that the market sentiment is bullish, with traders expecting prices to rise.

Bitcoin Price Prediction: Coin Battles Dynamic Resistance at $100,000 

The broader market drawdown has caused BTC’s price to fall below the Leading Span A of its Ichimoku Cloud, which forms a dynamic resistance at $100,160. This indicator tracks the momentum of an asset’s market trends and identifies potential support/resistance levels. 

When an asset’s price trades below the Leading Span A of the Ichimoku Cloud, it indicates a bearish trend as selling pressure is strong and buyers are struggling to push the price higher. This scenario often signals further downside potential unless the price breaks back above the cloud.

Bitcoin’s price successful break above this level will propel it toward its all-time high of $108,388. On the other hand, a failed attempt to break above this resistance could cause Bitcoin’s price to decline to $95,690.

The post Bitcoin’s (BTC) $2.25 Billion Exchange Outflow May Fuel Its Return to an All-Time High appeared first on BeInCrypto.

Watch for these three major token unlocks happening next week.

Ethena (ENA)

• Unlock date: December 25
• Number of tokens unlocked: 12.86 million ENA
• Current circulating supply: 2.93 billion ENA

Ethena, a synthetic currency protocol on Ethereum, delivers a solution independent of traditional banking. It also offers global users a dollar-denominated savings tool called the “Internet Bond.”

The protocol’s native token ENA enables holders to participate in governance decisions. On December 25, Ethena will unlock over 12 million ENA valued at $13.73 million, with the allocation directed toward ecosystem development.

Cardano (ADA)

• Unlock date: December 26
• Number of tokens unlocked: 18.53 million ADA
• Current circulating supply: 35.83 billion ADA

Cardano, known for its emphasis on sustainability, security, and scalability, plays a key role in advancing decentralized applications and smart contracts. On December 26, the project will unlock over 18 million ADA tokens, valued at $16.92 million, allocated for staking and the treasury fund reserve.

Immutable (IMX)

• Unlock date: December 27
• Number of tokens unlocked: 24.52 million IMX
• Current circulating supply: 1.69 billion IMX

Immutable, a Layer-2 solution for scaling NFTs on Ethereum, raised $12.5 million in just one hour during its IMX token sale on CoinList in September 2021. By March 2022, it secured $60 million in an investment round, followed by $200 million from investors including ParaFi Capital, Declaration Partners, and Tencent Holdings.

On December 27, Immutable will release 24.52 million IMX tokens. These tokens are designated to support project development and drive growth within the broader Immutable ecosystem.

Next week’s cliff token unlocks will also include Yield Guild Games (YGG), Eigen Layer (EIGEN), and Artificial Superintelligence Alliance (FET), among others, with a total combined value exceeding $120 million.

The post 3 Token Unlocks to Watch Next Week appeared first on BeInCrypto.