Bitcoin resists increasing headwinds, will Powell indicate trouble?
Despite growing trade tensions and doubts about the Fed's capacity to lower rates further, Bitcoin and other cryptocurrencies are surging higher at the start of the week. Still, whale activity is supporting the pricing.
After a 4% drop last week, Bitcoin is bouncing back from weekend slump. Rising trade war risk resulting from increased tariffs from U.S. President Donald Trump is being evaluated by investors. Trump charges 25% on imports of steel and aluminum.
The action followed 10% of trade taxes levied to China and 25% of tariffs on Mexico and Canada suspended for 30 days.
With Fed chairman Jerome Powell stating that the central bank is not rushing to lower rates unless the statistics prove it essential, the Federal Reserve held interest rates unaltered in January at 4.25%—4.5%.
Federal Reserve Chair Jerome Powell will be under much focus when he answers before Congress today for more hints on the future direction of interest rates. A wary Powell might pressurize Bitcoin. Tomorrow's US CPI numbers will be followed by Powell's second day of testimony before Congress, therefore allowing the Fed chairman to respond to the data.
Strategy starts buying Bitcoin again as outflows increase.
Big purchasers seem to be purchasing the drop in spite of price swings. Resuming purchases, Strategy—formerly MicroStrategy—bought 7633 Bitcoin between February 3 and February 9 at a price of seven four $2.4 million. The average price of a Bitcoin acquired recently is $97,255. Friday, the 46 billion company total is currently 478,740 BTC.
Moreover, this week saw the biggest net exodus of Bitcoin from exchanges since 2022, therefore lowering the supply on platforms by 3%. CrptoQuant analyst Papi
#BinanceHODLerLAYER #AITokensBounce #BNXBreakthrough #1000CHEEMS&TSTOnBinance #BNBChainMeme $BTC $ETH $XRP
📊 Analysts have noticed that each time Bitcoin reaches $100,000, Ethereum's price drops lower and lower.
For example, the first time Bitcoin hit $100,000, Ethereum was trading at $3,900.
The last time, the sixth time Bitcoin reached $100,000, Ethereum was trading at $2,800.
#BTCvsInflation
As of February 11, 2025, XRP is trading at approximately $2.48, reflecting a 2.7% increase over the past 24 hours.
Recent technical analyses suggest that XRP has broken above a descending resistance trendline, indicating a potential bullish reversal. However, the price is currently facing horizontal resistance around the $2.77 level. A decisive move above this resistance could pave the way for further gains, with key targets at $3.08 and $3.59, based on Fibonacci retracement levels.
In the derivatives market, XRP's perpetual funding rates remain negative, indicating a bias toward short positions. Additionally, net inflows to centralized exchanges have turned positive, suggesting increased selling pressure as traders move tokens onto exchanges.
Overall, while XRP shows signs of a potential bullish reversal, it faces significant resistance levels and bearish sentiment in the derivatives market. Traders should monitor these factors closely when considering positions in XRP.
$XRP
{future}(XRPUSDT)
Ever checked your portfolio and thought, what the hell just happened (especially in the past weeks🫠)?
One minute, Bitcoin is pumping, the next, it's crashing. Crypto moves fast, but there are clear reasons behind these wild price swings. Let’s break them down.
📚 5 Major Factors That Move Crypto Prices
1. Fear, Greed & Market Hype 😱
Crypto runs on emotions. The Fear & Greed Index shows how people feel:
- Fear = Selling panic (bad news, regulations, hacks).
- Greed = FOMO buying (bull runs, celebrity tweets, hype cycles).
2. Government & Regulations 👨⚖️
- Crackdowns (banned mining, SEC lawsuits) = prices drop.
- Adoption (Bitcoin ETFs, legal tender status) = prices pump.
- Taxes (new rules on crypto gains) = investors rethink strategies.
3. Big Players & Whale Moves 🐳
When whales (big holders) make moves, the market reacts:
- Buy big = price pumps.
- Sell big = panic spreads, price dips.
4. Market Shocks & Major Events 💥
Huge events send shockwaves through crypto:
- Hacks & exchange collapses (like FTX) = mass sell-offs.
- Economic crises = investors pulling out of risky assets.
- Bull run triggers (halving cycles, mainstream adoption) = surging prices.
5. Token Utility & Hype 🚀
Not all cryptos are the same. Coins with real use cases (Ethereum, BNB) tend to hold value better than purely hype-driven tokens.
⚠️ How to Handle Crypto Volatility
Crypto’s a wild ride, but smart moves help:
- Diversify – Don’t bet it all on one coin.
- Follow trends – Stay updated on news & market signals.
- Set stop-loss orders – Avoid massive losses by setting auto-sell triggers.
- Take profits – Don’t wait for the absolute top, secure gains along the way.
If you want to stay ahead of market trends and see which altcoins are gaining traction, check out Binance's trending altcoins: https://www.binance.com/en/altcoins/trending
How do you handle crypto market swings? Drop a comment and let’s chat!
As of February 11, 2025, XRP is trading at approximately $2.48, reflecting a 2.7% increase over the past 24 hours.
Over the past week, XRP has experienced a decline of about 5.8%.
Recent technical analyses indicate that XRP has broken above a descending resistance trendline, suggesting a potential bullish reversal. However, the price is currently facing horizontal resistance around the $2.77 level. A decisive move above this resistance could pave the way for further gains, with key targets at $3.08 and $3.59, based on Fibonacci retracement levels.
In the derivatives market, XRP's perpetual funding rates remain negative, indicating a bias toward short positions. Additionally, net inflows to centralized exchanges have turned positive, suggesting increased selling pressure as traders move tokens onto exchanges.
Overall, while XRP shows signs of a potential bullish reversal, it faces significant resistance levels and bearish sentiment in the derivatives market. Traders should monitor these factors closely when considering positions in XRP.
$XRP
{spot}(XRPUSDT)
$ARKM experienced some profit-taking after the airdrop. However, today it managed to bounce off the resistance zone.
Looking at the chart, the price has been moving within a falling wedge formation, which typically results in an upward breakout. #BinanceHODLerLAYER
Technical Analysis:
• Price Movement: The price has been in a falling wedge for a while and has now reacted from the support level.
• Support and Resistance Levels:
• Support: 0.60 - 0.65 zone
• Resistance: 0.80, 1.20, and 1.40 levels
• Possible Scenarios:
• Break above 0.80: Could trigger an upward movement, targeting 1.20 and 1.40.
• Staying below 0.60: May deepen the downtrend.
For a confirmed breakout from the falling wedge, a high-volume move is crucial. A breakout without volume could be misleading, so waiting for confirmation before making a trade is important.
#BinanceAlphaAlert
{spot}(ARKMUSDT)
DEADDDDDDDD ❗$ENA SHOWING WEAKNESS AT $0.4724 – WILL IT HOLD OR BREAK LOWER❓$ENA is trading at $0.4724, down 0.82% after failing to sustain momentum above $0.5081. The recent drop suggests potential bearish pressure, but support remains intact at $0.4641.
{spot}(ENAUSDT)
Key Levels to Watch
Resistance: $0.4900 – A breakout above this could push the price toward $0.5100 and $0.5300.
Support: $0.4640 – A breakdown below this level could trigger a drop toward $0.4500.
Strategic Entry Points
Long Entry: Above $0.4900, aiming for $0.5100 and $0.5300.
Short Entry: Below $0.4640, targeting $0.4500 and $0.4300.
Market Insights
The MACD remains bearish, indicating weak momentum.
The RSI suggests oversold conditions, hinting at a potential bounce.
Volume has declined, signaling reduced buyer interest.
A decisive move above $0.4900 could shift sentiment bullish, but losing $0.4640 may lead to more downside.
#ENA