Schlagwort: crypto business

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Will Bitcoin overcome the $90k resistance? Check forecast

Key takeaways

  • BTC is trading at $89k after losing less than 1% of its value in the last 24 hours.
  • The leading cryptocurrency could top the $90k resistance level in the near term.

BTC trades below $90k

The cryptocurrency market has opened the new weekly candle bearish, with Bitcoin and other major cryptocurrencies currently in the red. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are currently trading around key levels after correcting slightly over the past few days. 

The three leading cryptocurrencies by market cap could record further losses in the near term as bearish momentum builds across key indicators.

At the moment, traders and investors are closely monitoring critical support zones for signs of stabilization or a deeper corrective move.

Traders are keeping an eye on upcoming macroeconomic events in the global financial markets. In the U.S, the events include the unemployment rate, ADP employment data, and weekly jobless claims, alongside November inflation data, and December flash PMI readings.

Furthermore, the speeches from Federal Reserve Governors Stephen Miran and Christopher J. Waller could give investors clues on the path of interest rates.

The Bank of Japan is also expected to raise interest rates to 0.75% at its upcoming policy meeting on Thursday. 

Bitcoin could face further correction

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed in recent days. The cryptocurrency faced rejection from the descending trendline last week, failing to overcome the $94k resistance level. As of Monday, BTC hovers around $89,000.

BTC/USD 4H Chart

If the bearish trend continues, Bitcoin could sink lower towards the next key support level at $85,569. However, this support level remains strong at the moment. 

The Relative Strength Index (RSI) on the 4-hour chart is at 42, below its neutral level of 50, indicating bearish momentum is gaining traction. Furthermore, the Moving Average Convergence Divergence (MACD) lines are converging, and a flip to a bearish crossover could add additional confluence for the bears. 

If the bulls regain control and Bitcoin breaks above the $94k resistance level, it could extend its rally toward the $100,000 psychological level.

The post Will Bitcoin overcome the $90k resistance? Check forecast appeared first on CoinJournal.

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Phantom integrates Kalshi prediction markets as crypto wallets expand into event trading

  • The new Phantom Prediction Markets feature supports tokenised event trading across multiple categories.
  • Crypto exchanges such as Gemini and Coinbase are also moving into US prediction markets.
  • Regulatory challenges persist, with recent legal action involving the state of Connecticut and Kalshi.

Crypto wallets are increasingly becoming gateways to real-world financial activity, and Phantom’s latest move highlights that shift.

The crypto wallet application has partnered with regulated prediction market Kalshi to embed event-based trading directly into its wallet interface.

The integration allows users to engage with outcome-driven markets without moving funds to external platforms.

It also reflects a broader push by crypto firms to blend onchain infrastructure with regulated financial products tied to real-world events, from elections to economic data and cultural moments.

The partnership, announced on Friday, introduces a new product inside the wallet called Phantom Prediction Markets.

The feature allows users to explore live events, monitor price movements, and trade tokenised positions linked to Kalshi’s markets, all within Phantom’s existing interface.

The move positions wallets not just as storage tools, but as active trading hubs.

How the Phantom Kalshi integration works

Phantom users will be able to discover trending event markets and track live odds directly inside the wallet.

The integration enables trading of tokenised positions that reference Kalshi’s regulated event contracts, covering categories such as politics, economics, sports, and culture.

Instead of navigating separate trading platforms, users can place and manage positions from the same wallet they already use for onchain activity.

The structure relies on tokenised representations tied to Kalshi’s markets, linking decentralised wallet infrastructure with regulated event trading.

Phantom described the product as a way to let users engage with topics they care about in real time, using crypto-native tools to interact with real-world outcomes.

The rollout adds to Phantom’s expanding feature set as competition intensifies among wallet providers.

Prediction markets draw crypto exchanges

Phantom’s announcement comes as crypto exchanges and affiliated entities move quickly to establish a presence in US prediction markets.

On Thursday, Gemini Titan, an affiliate of the crypto exchange Gemini, received a designated contract market licence from the US Commodity Futures Trading Commission.

Gemini said the licence would allow it to offer event contract trading through its web platform.

Following the announcement, Gemini shares rose by nearly 14% in after-hours trading, reflecting investor interest in the segment.

Prediction markets have gained traction as traders look for alternative ways to express views on macroeconomic indicators, elections, and other headline-driven events, often outside traditional derivatives markets.

Regulatory pressure shapes the landscape

Despite rising adoption, prediction markets continue to face regulatory scrutiny in the US.

On Dec. 4, the Connecticut Department of Consumer Protection sent cease and desist orders to Robinhood, Kalshi, and Crypto.com, alleging they were offering unlicensed online gambling services.

Kalshi responded the following day by filing a lawsuit against the state agency, arguing that its event contracts are permitted under federal law.

A Connecticut federal court judge later ordered the department to pause enforcement actions against Kalshi, temporarily blocking the cease and desist order.

The ruling provides short-term relief for Kalshi as legal questions around prediction markets remain unresolved.

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Mantle price breaks key resistance with 10% daily surge: can MNT target $1.50 next?

  • Mantle price jumped 10% to highs of $1.27 as bulls extended gains above the $1.20 mark.
  • Bulls will eye $2.00 next, but selling pressure may yet resurface.
  • Decentralized finance, tokenization, and ETFs could be key pillars for bulls.

Mantle (MNT) has surged past the $1.20 threshold with a +10% surge in the past 24 hours, signaling potential sustained momentum.

As of writing on December 12, 2025, MNT traded around $1.26. The recovery in the period follows recent consolidation, which mirrored the broader market.

A similar outlook surrounded most decentralized finance (DeFi) and real-world asset (RWA)  focused tokens.

Mantle price rides bullish sentiment

Mantle’s price has gained in recent sessions as bulls capitalize on fresh positive market sentiment. After Bitcoin held above $90k, upbeat traders have helped propel several altcoins higher.

On December 12, 2025, Ethereum held above $3,200. On the other hand, MNT climbed by over 10% to decisively break above the $1.20 resistance level.

Bears had capped Mantle’s advances for much of the past fortnight.

This intraday surge, which saw the token peak at $1.27 before stabilizing around current prices, came amid a notable spike in daily trading volume.

Data from CoinMarketCap shows rising activity pushed trading volume to $170 million, up by 5% in the past 24 hours.

The move aligns with a broader crypto rally, where Ethereum-based assets.

A lot of this has to do with renewed institutional inflows and anticipation surrounding ETFs and regulatory clarity.

Mantle’s total value locked (TVL) has jumped from $385 million to above $430 million, helped by the Mantle and Bybit partnership.

On December 10, 2025, Bybit and Mantle announced a collaboration with Almanak, an AI-powered quantitative trading platform.

The alliance deploys Almanak’s token on the Mantle network, complete with a dedicated liquidity pool and seamless integration of its no-code, multi-agent AI strategy engine.

Mantle price forecast

While the market remains jittery, Mantle’s price trajectory appears poised for continued expansion.

The blockchain platform offers a modular architecture and combines optimistic rollups with innovative data availability solutions. DeFi, RWAs, and crypto ETFs could play a key role in solidifying the bulls’ stance.

Having tested $1.27, MNT could next target resistance near $1.50, and a breakout will bring $2.00 into play.

This outlook will strengthen if Bitcoin sees new upside momentum that spills over into altcoins.

Mantle Price Chart
Mantle price chart by CoinMarketCap

However, volatility persists, and a broader market correction tied to macroeconomic and geopolitical headwinds may yet encourage bears.

If MNT’s price fails to break higher or stabilize above $1.20, a short-term bearish flip could bring lows of $0.9 into view.

As well as market conditions, bulls will watch out for overall network and partnership milestones. MNT price reached an all-time high of $2.85 in October 2025.

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Ether could retest $3k as bullish momentum stall: Check forecast

Key takeaways

  • ETH is up 1.4% in the last 24 hours and is now trading above $3,200.
  • The leading altcoin by market cap could retest the $3k psychological level as the bullish momentum stalls.

Market momentum stalls

Bitcoin (BTC) and Ethereum (ETH) are currently trading around key resistance levels after rallying over the past 24 hours. The resistance levels could see the leading cryptocurrencies retest lower psychological areas before either dumping harder or embarking on a successful breakout.

At press time, Ether is trading above $3,200 per coin after adding 1.4% to its value in the last 24 hours. It failed to surpass the $3,500 resistance level on Friday despite the Federal Reserve reducing its benchmark interest rate for the third time this year.

However, the Fed delivered a hawkish rate cut, causing the market sentiment to shift bearish and Ether to retest the $3,100 level on Thursday. The market has now bounced back, and Ether could reclaim the $3,500 resistance if the rally continues. 

Ether could retest $3k before rallying higher

The ETH/USD 4-hour chart is bullish and efficient, as Ether has added nearly 4% to its value since the start of the week. Ether’s price broke above the descending trendline (drawn by joining multiple highs since October 7) earlier this week and rose by 6.2% on Wednesday. 

ETH/USD 4H Chart

However, it declined below $3,100 following the FOMC meeting, with a key resistance level set around $3,500. If Ether closes its daily candle above the 50-day EMA at $3,310, it could rally towards the next major resistance at $3,592.

The RSI of 54 is above the neutral 50, indicating a bullish momentum on the 4-hour timeframe. The Moving Average Convergence Divergence (MACD) showed a bullish crossover earlier this week, supporting a bullish bias. 

However, if the daily candle fails to close above $3,310, Ether could face another correction towards the daily support level at $3,017.

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Crypto oversight in US tightens as CFTC and FDIC leadership near confirmation

  • Mike Selig is positioned to replace Acting Chair Caroline Pham at the CFTC if confirmed.
  • The CFTC has already expanded crypto oversight through collateral approvals and spot trading permissions.
  • Travis Hill’s confirmation would formalise his interim role at the FDIC and continue crypto-friendly banking policies.

Crypto regulation in the United States is entering a more defined phase as Senate procedures bring key financial watchdog appointments closer to completion.

Two agencies with direct influence over digital assets, the Commodity Futures Trading Commission and the Federal Deposit Insurance Corp., are on the verge of formal leadership changes, as per a CoinDesk report.

President Donald Trump’s nominees to chair both regulators have advanced through the Senate confirmation process, signalling a potential shift in how crypto markets and crypto-linked banking are supervised.

While the final votes have not yet taken place, recent developments suggest that decisions are approaching, narrowing uncertainty around regulatory direction.

Senate clears path for final votes

The Senate moved the process forward on Thursday by approving a resolution that clears the way for final confirmation votes.

The measure passed by a 52–47 margin and applies to a large group of nominees being considered together, reports CoinDesk.

Mike Selig, nominated to lead the CFTC, and Travis Hill, nominated to become chairman of the FDIC, are among the names included.

A spokeswoman for Senate Majority Whip John Barrasso said on X that the final vote is likely early next week, though the chamber remains days away from formally confirming the candidates.

Republicans in the Senate have adopted a strategy of voting on dozens of nominations in batches rather than individually. In this round, lawmakers are deciding on 97 confirmation questions at the same time.

Selig and Hill represent only two of those positions, but both roles carry outsized importance for the crypto sector.

The approach has helped accelerate confirmations but has also compressed scrutiny of individual nominees.

CFTC positions itself as crypto regulator

Selig currently serves as a senior official at the Securities and Exchange Commission, where he has been working on crypto-related issues.

If confirmed, he would replace Acting Chair Caroline Pham, who has guided the CFTC through a series of initiatives seen as supportive of digital asset markets.

Under Pham’s leadership, the CFTC has positioned itself as an active player in crypto supervision, even as Congress continues to debate broader market structure legislation.

The agency is widely expected to take a leading role in crypto oversight if lawmakers eventually pass a bill that formally assigns authority.

Even without new legislation, the CFTC has already expanded its reach.

It has created a CEO council to advise on policy matters, approved the use of Bitcoin BTC $92,157.53, Ether ETH $3,237.28, and USDC, along with other payment stablecoins as collateral, and allowed registered firms to offer spot crypto trading services.

These steps have embedded crypto more deeply into regulated financial activity.

FDIC banking stance comes into focus

At the FDIC, Hill has already been serving as interim chief, meaning his confirmation would formalise an existing role rather than introduce new leadership, notes CoinDesk.

During his interim tenure, Hill has pursued policies that indicate a more accommodating stance toward crypto banking.

This includes engagement with banks that provide services to digital asset firms, an area that has previously faced uncertainty due to regulatory caution.

Oversight framework begins to align

Together, the pending confirmations point toward a more coordinated regulatory environment for crypto in the US.

With leadership at both the CFTC and FDIC close to being finalised, oversight of crypto markets and crypto-related banking may soon operate under clearer and more consistent supervision.

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