Schlagwort: crypto business

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Bitcoin price drops below $70,000 after Iran truce buzz, Network Activity weakens

  • Bitcoin price falls below $70,000 as network activity weakens.
  • Declining transactions and addresses signal lower demand.
  • Key support is at $69,400, while resistance stands near $71,600.

Bitcoin price today hit a daily low of $69,914.54 after soaring above $71,000 at the start of the week, following news of a truce proposal to Iran by US President Donald Trump.

The sudden pullback has pushed Bitcoin back below the $70,000 level, a psychological zone that traders often watch closely for signs of strength or weakness.

This decline did not happen in isolation, as the underlying data suggests that the broader network is also losing momentum.

Bitcoin Network Activity signals weakening demand

Recent on-chain data shows that Bitcoin’s Network Activity Index continues to trend downward, pointing to a steady cooling in user participation.

This index tracks a combination of key metrics that together reveal how actively the network is being used daily.

Among these metrics are active addresses, which measure how many unique participants are sending or receiving Bitcoin.

A decline in active addresses often signals reduced interest or engagement from both retail users and larger players.

Transaction counts have also softened, indicating that fewer transfers are taking place across the network.

This drop in transaction activity suggests that demand for block space is easing, which usually aligns with quieter market conditions.

Another important indicator, the UTXO count, reflects how coins are being distributed and reused, and its slowdown points to less frequent movement of funds.

Block data, including the number of bytes per block, further confirms that network usage is not as intense as it was during more active periods.

Taken together, these signals paint a clear picture of declining demand rather than temporary disruption.

The BTC price struggles mirror on-chain weakness

The recent dip below $70,000 appears to be more than just a reaction to short-term news or macro headlines.

Instead, it reflects a broader lack of strong buying pressure needed to sustain higher price levels.

Even though Bitcoin managed to climb earlier in the week, the rally lacked the support of rising network activity.

This disconnect between price and usage often leads to corrections, as the market struggles to justify higher valuations.

Short-term performance data also shows mild losses across multiple timeframes, reinforcing the idea that momentum is fading.

While the market has not entered a sharp sell-off, the gradual decline suggests a slow shift in sentiment.

Investors seem to be taking a more cautious approach, with fewer participants actively entering the market.

At the same time, existing holders appear less willing to move their coins, contributing to the drop in transactional activity.

The key Bitcoin price levels to watch in the coming days

Bitcoin is now approaching a critical zone where price action in the coming days could define its short-term direction.

Notably, most technical indicators are leaning bearish, with Bitcoin trading below major exponential moving averages on the daily chart.

Bitcoin price analysis

This positioning suggests that the broader trend remains under pressure unless the price can reclaim key moving averages.

Currently, the most important level to watch is $69,423, which now acts as immediate support for the market.

If this support holds, it could allow Bitcoin to regain strength and attempt a push toward the first major resistance at $71,645.

If buyers manage to break above $71,645, momentum may build toward the next resistance level at $73,687.

A stronger rally could then open the door for a test of $75,930, which stands as the third key resistance level in the current structure.

On the downside, failure to hold above $69,423 would weaken the current structure and expose Bitcoin to further losses.

In that scenario, analysts note that the next support would be $67,167.

The news to watch

From a macro perspective, traders should closely watch the upcoming inflation data, particularly the PCE print expected early next month.

A softer reading below 2.8% could support risk assets and provide Bitcoin with a chance to recover.

On the other hand, a higher-than-expected figure above 3% may add pressure and push prices lower.

The post Bitcoin price drops below $70,000 after Iran truce buzz, Network Activity weakens appeared first on CoinJournal.

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Canton coin jumps as Visa joins network: will CC price rally next?

  • Visa has joined Canton Network as a super validator.
  • The payments giant brings privacy-preserving payments to Canton.
  • Canton price hovered near $0.14 on Thursday.

Canton (CC) trades around $0.14, just in the green on the day as the broader cryptocurrency sell-off pressure continues to hinder buyers.

The token’s value has dropped by more than 12% in the past month, with the Iran war and macro headwinds key downside factors.

But analysts are bullish long term, and this outlook could strengthen as Visa boosts adoption by bringing privacy payments to the Canton Network. The global payments giant has joined Canton as a Super Validator.

The partnership extends Visa’s expertise in secure payment processing to blockchain validation.

Why does this matter?

Visa’s entry as a Super Validator on the Canton Network marks a pivotal moment for blockchain adoption in traditional finance.

Potentially, this means momentum for Canton’s native token amid rising institutional interest.

As one of 40 Super Validators, Visa will support banks and financial entities in deploying new on-chain payment flows.

By securing operations on the Canton, Visa aims to bridge traditional finance with decentralized infrastructure, facilitating seamless integration for institutions already reliant on its global network.

Notably, Visa will apply its rigorous standards to Canton operations, allowing banks to explore stablecoin payments, settlement, and treasury functions.

According to Visa, financial institutions can tap into on-chain rails while maintaining existing risk management, compliance, and operational protocols.

That’s because the network’s privacy features address a core barrier for institutions hesitant to adopt public blockchains.

“Many banks see the lack of privacy as a dealbreaker for moving meaningful activity on-chain,” said Rubail Birwadker, global head of growth and partnerships at Visa.

Birwadker added:

“By operating as a Super Validator on Canton Network, we’re bringing Visa-grade trust, governance and operational rigor that define Visa’s global network to privacy‑preserving blockchain infrastructure, so regulated FIs can bring payments on-chain without having to rethink how they operate.”

Canton price outlook

Canton has already achieved broad adoption in capital markets, underpinning tokenized asset issuance and trading for major players.

Visa’s involvement solidifies the path to greater integration of blockchain payments, and for CC, it could be a bullish signal for network utility and token demand.

Canton’s token, which powers network fees, staking, and governance, could benefit from this.

While the token saw muted price action following the news, social chatter is largely optimistic. However, sellers dominate the current market.

From a technical perspective, current prices align with the resistance zone around the 50-day EMA.

Gains could see CC target $0.20, the all-time high reached amid the recent swing high. Yet prices have moved lower since this peak in early February 2026.

This suggests potential downward momentum before oversold conditions. Primary support levels lie around $0.10.

The post Canton coin jumps as Visa joins network: will CC price rally next? appeared first on CoinJournal.

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Solana price prediction: here’s why rebound to $120 is possible if $90 holds

  • $90 acts as crucial support for a potential Solana price upward move.
  • Rising short-term momentum supports a possible rebound.
  • Breaking $100 could open the path toward $120.

Solana (SOL), currently trading at around $91.90, has been under immense bear pressure in recent months.

The token has seen a steady decline from its previous highs, but recent technical signals suggest a rebound could be in play.

The $90 level is emerging as a key support level, which, if held, could trigger a strong upward move.

Technical analysis

The immediate support level at $90 has been tested several times in recent weeks, and every time Solana approaches it, buyers have stepped in to prevent further declines.

Technical charts show that holding this level is critical since a break below it could lead to a pullback toward $77.

Solana price rebound on the table

On the other hand, maintaining $90 provides a foundation for bulls to push higher.

Momentum indicators show a mixed picture, with shorter timeframe charts indicating growing strength, although some oscillators are still signalling caution.

This suggests that while there is potential for upward movement, the market is waiting for confirmation.

Trading volume has also picked up slightly in the past month, showing renewed interest among traders.

Yet, on-chain activity has dropped, indicating fewer transactions on the network.

This combination of higher trading volume and lower on-chain use points to speculative interest driving the short-term rally.

Why a rebound to $120 is possible

The combination of technical support, rising volume, and potential bullish momentum makes the $120 target realistic if $90 holds.

If Solana holds $90, the path to $96.47 is relatively clear.

Once $96.47 is broken and sustained, a move toward $120 becomes plausible.

This would represent a nearly 30% gain from current levels, making it an attractive scenario for bullish traders.

Historical patterns also support this possibility.

In previous cycles, Solana has seen rapid rallies after establishing such strong support levels.

Short-term momentum is improving, and daily momentum indicators such as Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are turning more positive.

The MACD histogram is above the middle line, and the signal line has moved above the main MACD line, and the RSI has rebounded above 50 after a slight dip, signalling a possible rebound in the near term.

These suggest that buyers are gaining control, at least for the near term.

However, caution still remains since any failure at the resistance at $96.47 could lead to sideways trading or a complete collapse.

In addition, the market is sensitive to broader cryptocurrency trends, and a strong rebound in Bitcoin (BTC) and Ethereum (ETH) could further lift Solana’s price, while weakness in these coins could cap Solana’s gains.

The post Solana price prediction: here’s why rebound to $120 is possible if $90 holds appeared first on CoinJournal.

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Bitcoin back above $71K: is this rebound real or a bull trap?

  • Bitcoin price rebounds above $71,000 amid cautious market sentiment.
  • Exchange outflows suggest long-term accumulation by investors.
  • Geopolitical signals and Bitcoin transfers shape near-term trends.

Bitcoin has bounced back above $71,000 after a week of mixed signals in the market.

The move comes as investors closely watch geopolitical developments, particularly efforts to ease tensions in the Middle East.

Notably, a peace proposal between the United States and Iran has sparked cautious optimism, lifting risk assets and sending Bitcoin higher.

Despite the rebound, sentiment remains cautious, with the Fear & Greed Index at 35, signalling that investors are still in the “Fear” zone.

This suggests that while the price has recovered, many market participants are hesitant to commit fully, waiting for clearer direction.

Exchange outflows signal an accumulation phase

Recent on-chain data shows that more bitcoins have been leaving crypto exchanges than entering them.

This trend is often interpreted as a sign of accumulation.

Investors appear to be moving coins into private wallets for long-term holding rather than selling immediately.

The persistent outflows indicate confidence in Bitcoin’s fundamentals and a willingness to weather short-term price swings.

This accumulation behaviour can help reduce selling pressure in the market.

When coins leave exchanges, fewer are available for immediate trading, which often supports the price even during periods of uncertainty.

Bhutan Government moves $37 BTC

Adding another layer to the market dynamic, the Royal Government of Bhutan recently moved roughly $37 million worth of Bitcoin from government-controlled wallets, according to Arkham Intelligence data.

Analysts see this as a structured transfer rather than a sudden liquidation, suggesting careful treasury management.

While the exact motives are not fully public, such large-scale movements highlight that governments and large holders can influence liquidity.

These actions can affect market psychology, especially when combined with broader investor accumulation trends.

Bitcoin price forecast for the coming days

Overall, the market is in a consolidation phase, seeking a catalyst to define the next sustained move.

Exchange outflows, government movements, and geopolitical developments are all factors that could influence the next direction.

The recent Bitcoin price movements suggest that it may have recently hit bottom around $67,500, even though the broader picture is still uncertain.

But whether the current recovery signals a true bottom or just a temporary rebound remains to be seen, although the combination of accumulation behaviour, controlled government movements, and cautious optimism on geopolitical developments has created an environment where Bitcoin can maintain support and potentially build momentum.

A daily close above $73,000 could signal strength and potentially push the price toward $75,000, according to analysts.

Conversely, a break below $70,000 might prompt a retest of $67,500 support, marking a critical line for short-term investors.

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MNT price prediction as Mantle DeFi TVL surpasses that of Sui

  • Mantle’s DeFi TVL surges, surpassing major rival networks.
  • Mantle (MNT) price lags despite strong ecosystem growth.
  • The key MNT price levels to watch are the $0.75 resistance and the $0.65 support.

Mantle (MNT) network’s DeFi ecosystem has expanded rapidly and overtaken Sui in total value locked (TVL).

The milestone reflects a sharp increase in capital flowing into Mantle, even as broader market conditions remain uncertain.

In just one month, Mantle’s ecosystem has recorded a significant surge in locked assets, signalling rising confidence from both users and developers.

According to data obtained from DeFiLlama, Mantle’s total value locked in DeFi is currently valued at around $632.17 million, while that of Sui stands at $589.5 million.

Blockchain ranking in terms of their DeFi TVL

This kind of growth is rarely accidental and often points to deeper structural strength within a network.

Mantle’s DeFi expansion

The surge in Mantle’s DeFi activity has been driven by a combination of strategic positioning and ecosystem development.

One major factor behind the growth is its focus on real-world assets, which continues to attract institutional interest.

By integrating traditional financial instruments into blockchain systems, Mantle is positioning itself for long-term adoption rather than short-term speculation.

Another key driver is its connection to centralised exchange infrastructure, which helps onboard liquidity more efficiently.

This hybrid model allows users to move seamlessly between centralised and decentralised finance, reducing friction that often limits adoption.

At the same time, integrations with major DeFi protocols have boosted activity across lending and borrowing markets.

These developments have helped create a steady inflow of capital rather than relying on temporary incentives.

Such consistency is often a sign of a maturing ecosystem rather than a hype-driven spike.

Despite this strong growth, the price of MNT has not followed the same upward trajectory.

This divergence between fundamentals and price action is becoming increasingly noticeable.

MNT price struggles to reflect strong fundamentals

While the network’s DeFi metrics continue to improve, MNT remains significantly below its previous highs.

The token is still trading far from its peak, reflecting broader weakness across the altcoin market.

Short-term price action has also been mixed, with recent declines interrupting what appeared to be a recovery phase.

This suggests that traders are still cautious, even in the face of improving fundamentals.

Market sentiment continues to play a dominant role, especially with altcoins reacting closely to movements in Bitcoin.

Without a strong catalyst, MNT has struggled to build sustained upward momentum.

This creates a situation where the asset shows promise on paper but remains technically fragile.

Such conditions often lead to periods of consolidation before a clearer trend emerges.

Mantle price forecast

The near-term outlook for MNT is defined by a tight range that is likely to determine the next major move.

The $0.75 level stands out as the most important resistance zone, acting as a barrier that bulls have yet to overcome.

Mantle (MNT) price

A confirmed move above this level would signal a shift in short-term momentum and could open the door for further upside towards $0.8642 and even $0.9223 as projected by CoinLore.

On the downside, the $0.65 level is providing immediate support and remains critical for maintaining stability.

A break below this support would reinforce the current bearish structure and increase the risk of further declines.

For now, the price remains trapped between these two levels, creating a clear decision zone for traders.

Until a breakout or breakdown occurs, the current bounce should be treated with caution.

If buyers manage to push the price above resistance, it could mark the beginning of a recovery phase supported by strong fundamentals.

However, failure to hold support would likely confirm that bearish pressure is still dominant in the short term.

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