Bitcoin News Today TheBitTimes.com

The first quarter (Q1) of 2025 – and the initial months of Donald Trump’s second presidency – hasn’t been going as many had hoped. This is well exemplified by the fact that analysts went from setting their Bitcoin (BTC) price targets to $800,000 to wondering if the cryptocurrency bear market has started. Unfortunately for the bulls, indicators and signals hinting that BTC may be heading for a new ‘crypto winter’ have been piling up in recent trading, per the data compiled by the prominent on-chain analyst Ali Martinez. Why Bitcoin may be entering a new bear market Martinez explained that it is increasingly likely that Bitcoin is experiencing a macro trend shift, as indicated by the Inter-Exchange Flow Pulse, the Market Cap to Realized Cap (MVRV) Ratio, and the Market Cycle indicator, per a lengthy X thread, published on March 18. Picks for you ...

The price of the Ethereum (ETH) cryptocurrency briefly crashed below $1,800 on Monday, sparking concern among Ether investors. The crypto market is in the midst of a massive sell-off, with several cryptocurrencies crashing in price. While ETH has since recovered to above $1,900, the asset is still down 8% in the past week. The last time Ethereum traded below $1,800 was in October 2023, when it was slowly emerging from the two-year-long bear market. There is solid support at current levels, which were fortunately held to prevent the asset from tanking back to bear market lows. However, Ether is now forming what appears to be a double-top chart pattern. Several analysts have warned that if support here is lost, ETH could fall as low as $1,200. However, the ongoing downturn has made investors fearful as Trump’s tariffs on China and Canada take effect from Tuesday. Canada faces 25% tariffs on goods entering the US while China is slapped with 10% tariffs. The US stock market reacted harshly...

Wrapped Kava (WKAVA) plunged by over 90% over the past 24 hours, while the protocol’s native token, Kava (KAVA), registered slight gains in the mentioned period. WKAVA, which is meant to be pegged to KAVA, has witnessed many ups and downs since July 13. The asset hit an all-time high (ATH) of $12.18 on July 29, while Kava was trading at $0.87. You might also like: Huobi to launch PayPal’s stablecoin trading Moreover, WKAVA was trading at around $11 on Aug. 2 and slowly dropped to $8.7 on Aug. 8. The asset took a 90% plunge over the past 24 hours and is trading at $0.82 at the time of writing. Data provided by InvestorsObserver shows that WKAVA belongs to the “high-risk” category due to its heightened volatility. On the other hand, KAVA rose by almost 1% in the past 24 hours and is trading at $0.83 at the time of writing. The rise comes from a 5.8% hike in KAVA’s 24-hour trading volume, reaching $9.3 million. KAVA price – Aug. 9 | Source: Trading View Last month, th...