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How low can the Bitcoin price go?

Bitcoin price is down 14% from its current record high, but breaking below $90,000 could put BTC price at risk of a longer consolidation period.

Bitcoin
BTC
$101,872
price has declined by more than 6% over the last 24 hours after rallying to an all-time high of over $109,000 a week ago.

Data from Cointelegraph Markets Pro andCoinbase shows that the BTC price fell from a high of $105,424 on Jan. 26, dropping as much as 7.3% to reach an intraday low of $97,750 on Jan. 27.

Bitcoin’s price drop coincides with a drawdown in the broader crypto market triggered by the release of DeepSeek R1, which has shaken the AI sector and negatively affected the prices of AI-themed tokens.

This has left market participants wondering how low BTC prices can go over the next few days.

Could Bitcoin price drop to $70,000?
After a failed attempt to hold above $100,000 on Jan. 27, the BTC has retraced toward the $98,000 demand zone.

“Bitcoin price approaches the $100,000 level and is looking weak!” said Bitcoin analyst AlphaBTC in a Jan. 27 post on X.

“$BTC and TradFi futures have been selling off all night, looking really weak as we start a fresh week.”

The accompanying chart below reveals that if bulls reclaim $100,000, the price could rebound from the current levels.

On the contrary, AlphaBTC said that the support at $100,000 was weakening, and the breakdown of this level could cause Bitcoin’s price to go below $90,000.

“The 100K level looks like it’s going to get run this time, but the question will be if #BTC can reclaim it with a strong reaction, or will we revisit sub 90K once again?”

BitMEX co-founder Arthur Hayes predicts that Bitcoin could potentially pull back toward the $70,000 to $75,000 range, a move that may trigger a “mini financial crisis.”

According to Hayes, this could lead to a “resumption of money printing” that will send BTC price to $250,000 by the end of the year.

Founder of MN Capital Michael van de Poppe asked his 767,000 X followers not to panic, arguing that the ongoing sell-off is nothing more than just a “short-term shock and panic reaction on the markets.”

According to van de Poppe, the area between $99,000 and $98,000 is an “exciting entry zone” for Bitcoin investors.

He warned that if demand-side pressure doesn’t mount up from the said level, the price could dip into the lower end of the $89,500 to $91,500 range.

50-day EMA is a test for Bitcoin
From a technical point of view, Bitcoin’s price is trading above the $97,900 support level, embraced by the 50-day exponential moving average (EMA).

Losing this support could cause the BTC price to collect demand-side liquidity down toward the 100-day EMA, currently at $91,482.

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Coin Earn Money forex

How to buy Bitcoin in Singapore?

Want to buy Bitcoin in Singapore? This guide covers trusted methods, key steps and safety tips to start your crypto journey confidently.

In 2024, 26% of Singaporeans owned cryptocurrency, making the country a leader in crypto adoption in the Asia-Pacific region.
Bitcoin is legal in Singapore, classified as property under the law and regulated by the Monetary Authority of Singapore (MAS) through the Payment Services Act.

Residents can buy Bitcoin via centralized exchanges, non-custodial wallets, decentralized exchanges, P2P platforms and Bitcoin ATMs.
Using non-custodial or cold wallets ensures better security for Bitcoin holdings than custodial options like exchange wallets.
Singapore is among the top countries when it comes to crypto ownership. In 2024, 26% of Singaporeans reported owning cryptocurrency, which is quite impressive compared to the US,

South Korea, and Hong Kong, where 21%, 13.6%, and 14.3% of people, respectively, owned crypto in the same year. The country plays a prominent role in crypto adoption in the Asia-Pacific region.

When buying Bitcoin
BTC
$101,876
, the city-state offers several methods. The nation’s robust digital infrastructure and supportive regulatory environment have created a positive atmosphere for crypto adoption, reflected in the statistics.

This article briefly discusses crypto regulations in Singapore. You will also learn various methods to buy Bitcoin in Singapore, from centralized exchanges to Bitcoin ATMs.

Is Bitcoin legal in Singapore?
Yes, it is legal to trade Bitcoin in Singapore, but be aware that it is not considered a legal tender.

Singapore has a favorable regulatory environment for cryptocurrencies, enabling you to own and trade crypto. Bitcoin is considered property in Singapore,

which can be held on trust, according to the 2023 ruling by the Singapore High Court in the Bybit Fintech vs Ho Kai Xin case.

Though Bitcoin doesn’t have legal tender status in Singapore, you can use it as an alternative means of payment. Legal tender refers to the officially recognized currency you can use to settle debts and fulfill financial obligations within a country.

The Monetary Authority of Singapore (MAS) regulates cryptocurrencies under the Payment Services Act (PSA) to adequately control crypto transactions and prevent illegal activities such as money laundering or terrorism funding.

Individuals can freely purchase, trade and hold Bitcoin in Singapore, but firms that provide crypto services, such as exchanges, must acquire a license from the MAS. The law protects consumers and financial stability while encouraging innovation in the cryptocurrency field.

Did you know? Singapore’s cryptocurrency market is expected to bring in a revenue of US$229.4 million in 2025.

How do you prepare to buy Bitcoin in Singapore?
If you haven’t handled a crypto transaction before, you may want to know some crucial aspects of a Bitcoin transaction before doing it. You might want to know how to initiate a transaction,

explore various purchasing methods and learn how to secure your digital assets. This groundwork helps you reduce risks and maximize your investment potential.

Register yourself on a centralized exchange
Registering on a cryptocurrency exchange is the first step to entering the world of digital assets. The process typically involves visiting the exchange’s website or downloading its app. You must create an account by providing your email address and a strong password.

In Singapore, exchanges require you to verify your identity through a Know Your Customer (KYC) process. This usually involves submitting documents like a government-issued identity card and address proof.

Once the exchange’s executives verify your account, you must deposit funds into your exchange wallet using bank transfers or credit/debit cards. Banks in Singapore usually support crypto exchanges.

Set up a non-custodial wallet
Wallets provided by crypto exchanges are custodial, which means the exchange manages your private keys. You have less control over your funds, which might discourage you from keeping large or long-term holdings in your exchange wallet.

The solution is a non-custodial wallet. Unlike exchange wallets, non-custodial wallets like Trust Wallet give you complete control over your funds.

You set up credentials to log into the wallet, but the provider keeps no backup. The downside is that if you lose your credentials or forget them, you also lose your funds.

Get cold wallets to keep your Bitcoin secure
Cold wallets or hardware wallets, devices resembling USB drives, store Bitcoin offline, offering high security. They connect to the internet only for transactions.

To use a cold wallet, you typically connect it to your computer like your USB. You then use the device’s interface to send and receive Bitcoin. Cold wallets provide maximum protection against cyberattacks as they are generally disconnected from the internet.

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Coin Earn Money forex

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, Arizona state lawmakers have advanced a Bitcoin strategic reserve bill, analysts say leveraged memecoin exchange-traded fund (ETF) filings show issuers are testing Trump-era regulators, and MicroStrategy is raising additional capital for Bitcoin acquisitions.

Arizona Senate moves forward with Bitcoin reserve legislation
Arizona lawmakers have advanced a Bitcoin strategic reserve bill, which seeks to deploy the world’s first cryptocurrency as a savings technology for the state.

The Strategic Bitcoin Reserve Act (SB1025), which is co-sponsored by Senator Wendy Rogers and Representative Jeff Weninger, was passed by the Arizona State Senate Finance Committee with a five to two vote on Jan. 27.

The bill will now move to the Senate Rules Committee for final debate and amendments. Approval by the Senate would advance the bill to the House of Representatives.

The bill would allow up to 10% of a government entity’s or public fund’s capital to be invested in Bitcoin
BTC
$102,000
and other digital assets. It also opens the door for pension funds to allocate resources to Bitcoin, potentially increasing public interest in cryptocurrencies.

Tuttle’s 10 leveraged crypto ETFs filings show issuers testing limits
Tuttle Capital has filed for ten crypto-based leveraged exchange-traded funds (ETFs), including some for memecoins, which analysts say show issuers are testing the limits of Trump-era regulators.

Tuttle’s proposed ETFs include funds that are two times leveraged long on memecoins, including Official Trump (TRUMP), Melania Meme (MELANIA) — launched by Donald Trump and wife Melania — and Bonk
BONK
$0.00002501
.

“To be very clear here. This is a case of issuers testing the limits of what this SEC is going to allow,” Bloomberg ETF analyst James Seyffart said in a Jan. 27 X post.

Tuttle’s filings follow bids from Osprey Funds and REX Shares on Jan. 21 to launch ETFs for several memecoins, including TRUMP, BONK and Dogecoin
DOGE
$0.3234
Seyffart added he expects the Securities and Exchange Commission’s new crypto task force led by crypto-friendly Commissioner Hester Peirce to “be the lynchpin in determining what’s gonna be allowed vs what isn’t.”

Bloomberg’s senior ETF analyst Eric Balchunas said on X that Tuttle’s filings are “unusual,” but unless the SEC knocks them back, “they could be out and trading in April.”

MicroStrategy proposes 2.5 million share offering to fund Bitcoin purchases
MicroStrategy has proposed a stock offering to raise cash for “general corporate purposes,” including acquiring more Bitcoin
BTC
$101,989
, signaling its intent to continue accumulating the digital asset.

According to a Jan. 27 announcement, MicroStrategy intends to offer 2.5 million units of its perpetual strike preferred stock,

which is a type of stock that has a liquidation preference and pays dividends at a fixed rate. Holders also have the option of converting it into common stock.

According to MicroStrategy, its offering will have a per-share liquidation preference of $100. Dividends are payable quarterly, beginning on March 31.

In the announcement, MicroStrategy described itself as the “world’s first and largest Bitcoin Treasury Company,”

signaling that its business intelligence software is no longer its primary business.

In its fiscal third quarter, the company’s revenues declined 10.3% year over year to $116.1 million. Its gross profit margin also fell to 70.4% from 79.4% for the third quarter of 2023.

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Coin Earn Money forex

Tokenization, AI and real-world adventures: The next wave of crypto engagement

An airdrop with IRL claiming lets players unlock NFTs and rewards while exploring cities, blending real-world adventure with blockchain technology for an interactive gaming experience.

Non-fungible tokens (NFTs) emerged as a fundamental change in how we perceive ownership and value in the art world. Leveraging blockchain technology, NFTs enabled enthusiasts to be the sole owners of digital art while also allowing traditional art to be carried onchain.

As the blockchain space matured, NFTs gained new functions and extended their applications to gaming, event access and community engagement. For example, token gating, which limits access to events,

content or services based on token ownership, has gained traction. This model has been adopted for exclusive events and digital assets, emphasizing the versatility of NFTs as tools for engagement and monetization.

Collecting NFTs in cities worldwide
Belong is a platform for tokenization and AI-powered events, properties, and engagement campaigns. It exemplifies how Web3 technologies can reshape engagement and community building.

The platform enables users to manage NFT-based event access, loyalty programs and rewards directly from their mobile devices and participate in gamified experiences.

Cointelegraph Accelerator participant Belong provides a seamless way for communities to use NFTs for social engagement and exclusivity, fostering a deeper connection between projects and users.

Chain Atlas, a recently launched initiative by Belong, is a crypto game that transforms real-world cities into interactive game boards. At its core, Chain Atlas simplifies crypto engagement with a gamified experience.

Unlike traditional airdrops requiring complex tasks, players can mint geo-based NFTs by simply stepping outside and visiting iconic city landmarks.

Describing the initiative, Jay Jidelov, CEO of Belong, said:

“Belong’s Chain Atlas redefines onchain engagement by merging blockchain with real-world exploration. This geo-based crypto game lets users mint gas-free NFTs, earn Proof-of-Location tokens and complete AI-guided missions while connecting crypto and non-crypto communities.

Backed by SKALE and XDAO, the first season of Chain Atlas transforms cities into game boards, blending gamification with blockchain innovation to drive global adoption and collaboration in Web3.”

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Coin Earn Money forex

Ether ETFs surpass $2.5B as ETH positions for $3.5K breakout

Ether ETFs surpassed $2.5B in inflows, signaling optimism despite a 10% price drop and resistance at $3,500.

Institutions like VanEck predict a $6,000 cycle top for Ether price during 2025.

Ether may be poised for a breakout, bolstered by the Ethereum exchange-traded funds (ETFs) surpassing the $2.5 billion milestone.

The United States spot Ether
ETH
tickers down
$3,491.11
ETFs surpassed $2.5 billion worth of total inflows on Dec. 24, when the ETFs received $53 million in cumulative net inflows, Farside Investors data shows.

Despite the positive ETF inflows, Ether’s price was down almost 10% on the weekly chart, trading at $3,475 at 1:00 pm UTC on Dec. 25, Cointelegraph Markets Pro data showed.

Ether’s price may see more upside momentum once it flips the $3,500 psychological mark into resistance,

according to crypto analyst Satoshi Flipper, who wrote in a Dec. 25 X post:

“ETH breaking out as expected, price now trying to flip the $3.5k level from resistance to support.”

Round psychological numbers like $3,500 invite increased retail investor attention, but investor sentiment could take a hit if Ether cannot cross the mark.

Ether to $4,000 before Trump’s inauguration: analyst
Crypto analysts are optimistic about Ether’s price trajectory leading into 2025.

Ether’s price may be on track for a rally above $4,000 before Jan. 20, when President-elect Donald Trump will take office, according to a Bybit spokesperson, who told Cointelegraph:

“Bybit analysts see $4,000 on the horizon for ETH before Jan. 20.”

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Coin Earn Money forex

Some pro-crypto Trumpers suggest he ‘lost their votes’ after token launch

Though many Donald Trump supporters said nothing would stop them from voting for the Republican candidate, others didn’t seem pleased by his latest crypto lending project.

Less than 24 hours after Republican presidential nominee Donald Trump announced plans to launch a token through his World Liberty Financial project, many crypto users criticized the move through social media.

In August, Donald Trump and his sons, Donald Trump Jr. and Eric Trump, began teasing a decentralized finance (DeFi) project through X without many details regarding its purpose.

The Republican candidate made headlines on Sept. 12, announcing that he would host an X Spaces discussion about World Liberty Financial on Sept. 18.

In the lead-up to the X Spaces event, some pro-crypto Trump supporters expressed skepticism about the idea.

Castle Island Ventures partner Nic Carter reportedly said the project was a “huge mistake,” claiming his campaign was “cashing in on his recent embrace of crypto in a kind of naive way.”

Mixed response after launch
The X Spaces event revealed few details about the project besides the leaders’ plan to launch a WLFI token,

which they did not consider a security under the United States Securities and Exchange Commission’s purview. Some crypto users took to social media to suggest that Trump had lost their vote by associating himself with the project.

“Trump launching a sh*tcoin may have been the final straw to lose my vote,” said Mitchell Askew on X. “It’s one thing for him to be ‘pro Crypto’ instead of just ‘pro Bitcoin’ – not everyone is a maxi,

I get it. But it’s another thing to drop a 70% pre-mined token on his followers 7 weeks before the election. This just adds to a growing list of unforced errors from the Trump Campaign.”

Others on X who seemed to support the Republican candidate did not explicitly say they wouldn’t be voting for him in November but suggested that the timing of the WLFI project was bad and

potentially risky. The project’s launch came less than a week after many pundits said Democratic presidential candidate and Vice President Kamala Harris won a televised debate with Trump, tightening what will likely be an extremely close election.

“[…] before the voter who is not a staunchly single-issue Bitcoin or, more broadly, crypto voter, there are so many other issues […] I can’t say that there’s proof of pivot,”

Penn State Dickinson Law Professor Tonya Evans, the author of Digital Money Demystified,

told Cointelegraph. “Those who are not single-issue voters have to take a second look at the reality. [Trump] did not speak clearly or well [about] the logistics of the plan. This was built up as the moment that we get a plan and not ‘concepts of a plan.’”

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