Das Verbot von Polymarket in Rumänien folgt dem Beispiel der USA, Frankreich, Belgien, Polen, Singapur und Thailand, wo die Aufsichtsbehörden der Plattform unlizenzierte Glücksspielaktivitäten vorwerfen.
Krypto-Marktstimmung bei „Angst“ nach Trump-Deal mit China
Ein Kryptoanalyst sagt, dass der Crash des Kryptomarktes im Oktober im Nachhinein als einer der „Tiefpunkte“ angesehen werde.
Dogecoin dips by 7% as whale interest fades; Check forecast
Key takeaways
- DOGE is the worst performer among the top 10 cryptocurrencies by market cap, down 7.5% in the last 24 hours.
- The bearish performance comes as BTC and other major cryptos underperform.
DOGE leads the market flush
The cryptocurrency market has underperformed over the weekend, with Bitcoin’s price dropping below the $108k mark. As usual, memecoins suffered the heaviest blow, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) all recording huge losses in the last 24 hours.
On-chain and derivatives data suggest that large wallet investors and retailers are reducing their risk exposure to Dogecoin and other leading memecoins, boosting the supply pressure.
Data obtained from CoinGlass shows the futures Open Interest (OI) for Dogecoin, the notional value of all outstanding futures contracts, is down by 2% over the last 24 hours, reaching $1.70 billion. A decline in OI value suggests that the traders are reducing risk exposure by lowering leverage or closing positions.
Furthermore, on-chain data reveal that interest from large wallet investors is decreasing in memecoins. DOGE investors with over 100 million tokens have remained flat since the start of the month.
DOGE could retest the monthly support at $0.15
The DOGE/USD 4-hour chart is bearish and inefficient as the memecoin has failed to rally in recent weeks. The technical indicators are extremely bearish at the moment, suggesting further selling pressure.
At press time, DOGE is trading at $0.175, down 7.5% in the last 24 hours. The bulls failed to hold the price above the $0.17816 support level, marked by the October 11 low, with current price action suggesting further downward movement.
A daily close below this level could see DOGE dip towards the $0.15009 level, marked by the October 10 crash. The MACD lines are within the negative territory, while the RSI of 40 both suggests a bearish bias.
However, if the bulls push DOGE’s price above the $0.17819 level by the end of the day, the memecoin could hit Sunday’s high at $0.18884 over the next few hours.
The post Dogecoin dips by 7% as whale interest fades; Check forecast appeared first on CoinJournal.
Bitcoin price forecast: BTC could face further correction as momentum weakens
Key takeaways
- BTC is down 3% in the last 24 hours and is now trading below $108k.
- The bearish performance comes as momentum in the market continues to weaken.
Bitcoin slips below $108k
The cryptocurrency market is opening the weekly candle bearish, with Bitcoin and other major cryptocurrencies suffering huge losses in the last 24 hours. Bitcoin has lost 3% of its value since Sunday and is now trading at $107,500 per coin.
Other leading cryptocurrencies, including Ether, XRP, and BNB, are all trading in the red as momentum in the market continues to weaken.
BTC’s price faced rejection at the 78.6% Fibonacci retracement level at $115k last week as the Fed rate cut failed to spur a rally. It has lost over 7% of its value since then and could dip lower if the bearish trend continues.
The recent bearish trend comes as the Fed chair Jerome Powell quenched expectations of a December rate cut during his press conference last week. According to Powell, the tariffs continue to affect prices, and this could see the Fed leave interest rates unchanged for a while.
BTC could dip below $107k as bearish momentum strengthens
The BTC/USD 4-hour chart remains bearish and efficient as Bitcoin has lost 3% of its value in the last 24 hours. The technical indicators are currently bearish, with further selling pressure expected in the market.
The RSI of 45 is below the neutral 50, suggesting that sellers are currently in control of the market. The MACD lines are also below the positive zone, indicating a bearish bias.
If the selloff continues, Bitcoin’s price could drop to the $106k level over the next few hours. An extended bearish trend would see BTC drop to he major support level at $103,571.
However, if the bulls regain control of the market, Bitcoin could reclaim the first major resistance level at $111,370. Last week’s high of $116,447 remains unlike at the moment due to the heavy selling pressure.
The post Bitcoin price forecast: BTC could face further correction as momentum weakens appeared first on CoinJournal.
Bitcoin holds $110k as cautious calm returns to crypto markets
- Bitcoin is trading steadily around $110,300 as markets consolidate.
- Traders have largely paused adding new risk after the recent Fed meeting.
- Bitcoin dominance has risen to approximately 60% of the total crypto market.
With Bitcoin holding steady above the key $110,000 level as traders consolidate positions and reassess risk following last week’s hawkish signals from the US Federal Reserve, a cautious calm settled over cryptocurrency markets at the start of the week.
While the market has stabilized after a volatile period, underlying data from the derivatives and credit markets suggests that a “wait-and-see” approach is now the dominant strategy, with investors looking for a fresh catalyst to dictate the next major move.
As the business week began in Hong Kong, Bitcoin was trading around $110,300, while Ether held near $3,880. Both assets remain down significantly over the past 30 days, by 10% and 14% respectively.
According to market maker FlowDesk, clients have largely “paused adding new risk” after the Fed meeting, with market activity dominated by short-term trading and portfolio rebalancing.
Despite the caution, FlowDesk noted that traders showed net buying in tokens with strong underlying fundamentals like BTC, HYPE, and SYRUP, even as Solana-linked assets lagged.
This deleveraging has left many traders “underexposed if the market rebounds,” suggesting a cleaner market position, the firm wrote.
Fear lingers in the derivatives market
While spot markets appear calm, the derivatives space still shows signs of fear. According to CoinGlass data, approximately $155 million in crypto derivatives were liquidated in the past 24 hours.
The split, with $97 million in long positions and $58 million in shorts being wiped out, points to a moderate flush of overleveraged bullish bets rather than broad panic selling.
FlowDesk observed “elevated put skew and lingering caution despite calmer volatility,” indicating that traders are still buying downside protection.
This cautious positioning, dominated by put buying and call selling, could present an opportunity if the market stabilizes.
“Cheap risk reversals could appeal if spot markets stabilize,” FlowDesk wrote, adding that volatility will likely “drift lower into year-end.”
Gold holds gains despite hawkish Fed
In the broader macroeconomic picture, gold is holding onto its recent gains despite headwinds from the Fed.
The precious metal closed Friday at about $4,003 per ounce, posting a 3.7% gain in October for its third consecutive monthly rise.
Despite hawkish comments from the Federal Reserve and a stronger dollar that have reduced the odds of a December rate cut, haven demand for gold remains strong.
Persistent geopolitical tensions and ongoing U.S. fiscal uncertainty have continued to support the metal’s appeal as a stable asset.
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