Nachdem Frankreich darauf hinweist, dass die Frist zur Lizenzierung nach MiCA bis Ende Juni läuft, bewirbt sich die Kryptobörse Binance in Griechenland um eine derartige Zulassung.
Institutionelle Investoren werden Bitcoin nicht alleine tragen – Experte
Luke Gromen mahnt, dass Bitcoin nicht alleine durch das Kaufverhalten der institutionellen Investoren wieder in Rekordhöhen getragen wird.
Bitcoin price forecast: BTC stays below $90k as recovery signs slow down
Key takeaways
- BTC is down less than 1% as the market remains choppy.
- The leading cryptocurrency could retest the $87k support level before rallying higher.
BTC’s price action remains choppy
The cryptocurrency market continues to underperform as BTC and the other leading coins are in the red. Bitcoin has lost 0.7% of its value in the last 24 hours and is now trading around $89,150.
The broader cryptocurrency market is attempting to stabilize after this week’s sell-off. Bitcoin price started the week on a negative note, closing below key support levels: the 50-day Exponential Moving Average (EMA) at $91,942.
The bulls attempted to defend the $90k psychological level but failed, with Bitcoin retesting the midpoint of a horizontal parallel channel at $87,787 before embarking on a recovery. At the time of writing on Friday, BTC is trading at around $89,175.
Will Bitcoin recover above $91k soon?
If the recovery continues, Bitcoin could extend its rally towards the first major resistance and the 50-day EMA at $91,942.
The Relative Strength Index (RSI) on the 4-hour chart is 39, pointing upward toward the neutral 50 level, indicating fading bearish momentum. For the bullish momentum to be sustained, the RSI must move above the neutral level.
Despite that, the Moving Average Convergence Divergence (MACD) indicator showed a bearish crossover on Tuesday, suggesting a mild downward pressure.
If the recovery fails and Bitcoin’s daily candle closes below the $87,787 support level, it could extend the fall toward the lower consolidation boundary at $85,569.
Currently, the market conditions are choppy, with no clear direction in sight. Bitcoin has eliminated most of the gains it accumulated earlier this month, thanks to the trade tensions between the United States and the European Union (EU) regarding Greenland.
However, while the issue seems to be resolved, Bitcoin’s performance has not significantly improved.
The post Bitcoin price forecast: BTC stays below $90k as recovery signs slow down appeared first on CoinJournal.
Hedera (HBAR) price drops toward $0.10 despite McLaren F1 partnership
- Hedera (HBAR) has intensified its downward trajectory.
- The token slipped towards the $0.10 mark amid persistent selling pressure and broader cryptocurrency market weakness.
- This decline comes despite the partnership with the McLaren F1 Team.
Hedera’s price fell alongside other cryptocurrencies on Friday, reaching intraday lows near $0.10.
After seeing a sharp decline on January 19, HBAR rebounded slightly to around $0.115.
However, sell-off pressure across the risk assets market has pushed bulls into the woods to leave the brief upside as a mask of a likely deeper rot.
It’s an outlook mirrored across the altcoin ecosystem as Bitcoin struggles below $90,000.
Due to profit-taking amid macroeconomic and geopolitical headwinds, BTC has touched lows of $87,700 and currently hovers around $89,230.
HBAR dips despite McLaren partnership
Struggling altcoins, including HBAR, risk dragging lower. Hedera seems to have failed to capture upside momentum despite the news of a major partnership with McLaren.
The Hedera team announced a multi-year partnership with McLaren Racing on Thursday, revealing that the crypto company is now an Official Partner of the McLaren F1 Team.
Several crypto companies, including Coinbase, Crypto.com and Bybit have previously inked major sports sponsorship deals. Hedera is eyeing expansion via this latest move.
“Working with one of the world’s most recognized sports brands is a big step for the Hedera ecosystem. It gives us a chance to show what Web3 can look like when it’s built on a network people can trust, and when it’s tied to experiences fans actually want,” said Charles Adkins, CEO of HBAR, Inc.
HBAR technical outlook
HBAR’s chart reveals a pronounced bearish structure, with the price well below key moving averages.
The altcoin has been in a prolonged downtrend since it touched highs of $0.35 in January last year.
Technical indicators point to further downside risk, as HBAR breached the $0.12 support earlier this month and now hovers near $0.10, with oscillators like RSI trending lower. Hedera’s token is below all major averages.
If buyers fail to reclaim $0.11, losses could accelerate toward October’s lows around $0.0976.
Hedera’s market capitalization stands at approximately $4.65 billion, reflecting a 65% drop from July 2025 peaks, exacerbated by declining total value locked at $61.5 million and a 16% stablecoin supply reduction over the past week.
HBAR futures traders have ramped up short positions, anticipating continued pressure amid absent ETF inflows.
Analysts note that while a bounce could bring the $0.16 mark into view, current metrics favor consolidation or deeper correction unless Bitcoin stabilizes.
Currently, BTC is facing pressure as investors pile into gold.
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PI could slip below $0.17 despite payments update: Check forecast
Key takeaways
- PI is down 1.6% in the last 24 hours, reversing some of its Thursday gains.
- The bearish performance comes despite Pi Network announcing a creator event and new updates to support easy Pi payment integration.
PI dips below $0.19 as bearish trend resumes
PI, the native coin of the Pi network, has lost 1.6% of its value in the last 24 hours and is now trading above $0.18.
The bearish performance comes despite Pi Network announcing plans on Wednesday to boost the ecosystem, including a creator event, integration of the PI payments system into apps built on the network, and extended access to app creation.
The team revealed that the PI payments support is limited to Test-Pi, and new or non-migrated Pioneers can now deploy app iterations by watching ads instead of paying fees.
Furthermore, Pi Network believes that the ad-supported application building on Pi App Studio could reduce the financial burden of creating Pi applications.
In addition to that, retail demand continues to increase despite PI’s price decline over the past few days. Data obtained from PiScan shows that the users have removed 1.17 million PI tokens from CEXs over the past 48 hours.
The removal from central exchanges will decrease selling pressure on PI as the tokens are transferred to long-term wallets.
PI remains bearish and could dip lower
The PI/USDT 4-hour chart is bearish and efficient as Pi has lost 1.6% of its value in the last 24 hours. PI failed to maintain its rally above the $0.1919 support-turned-resistance level, marked by the October 11 low.
At press time, PI is trading at $0.1839. If the selloff continues, PI could retest the October 10 and January 19 lows at $0.1533 and $0.1502, respectively.
Technical indicators on the 4-hour chart suggest that the bears remain in control. The Relative Strength Index (RSI) is 40, below the neutral 50, while the Moving Average Convergence Divergence (MACD) extends below the signal line.
However, if the bulls regain control and PI closes its daily candle above $0.1919, it could further extend the rally, potentially targeting the December 19 high at $0.2177.
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