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Solana (SOL) is experiencing significant selling pressure, causing its price to drop below key support levels, currently trading around $186. The asset's struggles are attributed to capital rotation towards newer projects, with a critical support level at $175 that, if breached, could lead to further declines. The Relative Strength Index indicates oversold conditions, suggesting a potential but short-lived relief rally unless buying interest returns.
The US Federal Reserve's potential reduction of interest rate cuts in 2025 has led to a significant selloff in financial markets, causing Bitcoin to drop 17% and creating a record spot-perpetual price gap of -$59.14, indicating bearish sentiment among derivatives traders. Despite this, over $5.72 billion in realized profits were recorded during the market decline, suggesting that many Bitcoin holders benefited from previous price rallies. Currently, Bitcoin is valued at $97,182, with a trading volume down by 50.28%.
The reelection of Donald Trump in 2024 has sparked discussions about establishing a strategic Bitcoin reserve in the U.S. CryptoQuant CEO Ki Young Ju suggests that acquiring 1 million BTC by 2050 could reduce domestic debt by 36%. While challenges exist, this move could enhance Bitcoin's legitimacy as a national asset.
Bitcoin's price has sharply declined from a recent high of over $108,000, dropping to around $92,000 before recovering slightly to just under $96,000. This downturn has significantly impacted altcoins, with major losses reported for SOL, DOGE, ADA, and others, contributing to a $100 billion drop in the total crypto market cap, now at $3.460 trillion.
The PUK report reveals that big bank regulations, particularly the "too big to fail" (TBTF) legislation, failed to protect Credit Suisse, necessitating state intervention. Despite intentions to bolster resilience and protect taxpayers, exemptions allowed the bank to hide significant equity gaps, leading to a crisis that required a potential nationalization. As reforms are planned, the government must acknowledge the reality of needing to provide substantial rescue funds for systemically important banks in the future.
Bitcoin is currently trading at $97,000, showing resilience after a recent correction from an all-time high. Analysts highlight this level as crucial support, with the $100,000 psychological barrier posing a significant challenge for bulls. The coming days will be pivotal in determining whether Bitcoin can regain momentum or face further declines.
Bitcoin demand is rapidly outpacing supply, with apparent demand growing at a rate of 228,000 BTC monthly, while available inventory has dropped to levels not seen since October 2020. Accumulator addresses are increasing at a record rate, and OTC desk balances have declined significantly, indicating strong institutional interest. Sell-side liquidity has fallen to 3.397 million BTC, the lowest in over four years, further reducing potential selling pressure as the market cap of USD-based stablecoins surpasses $200 billion.
Bitcoin has experienced a significant crash, dropping 15%, while altcoins have plummeted between 30% and 70%. This downturn is attributed to manipulation by major banks and institutions, with predictions of further declines ahead. Investors are advised to wait for Bitcoin to reach around the 85k range for a more favorable buying opportunity, as the market is expected to stabilize before the next upward movement.
XRP's recent drop to $2 may signal the end of its bearish second wave, according to analyst TradinSides, who anticipates an upcoming bullish third wave driven by factors such as Ripple's RLUSD launch, Donald Trump's pro-crypto stance, and potential SEC regulatory changes. Egrag Crypto's analysis highlights that a close above $1.99 could mark a historic moment for XRP, with predictions of more stable growth compared to previous cycles. Currently, XRP is trading at approximately $2.36, reflecting a 4% increase in the last 24 hours.
In December 2022, Ueli Maurer misled the public about the stability of Credit Suisse, despite knowing the bank was in crisis. Following a significant liquidity outflow, he and CS Chairman Axel Lehmann falsely assured the public of a stabilized situation, while internal discussions revealed growing concerns about the bank's viability. By late December, CS's liquidity had drastically diminished, leading to its eventual downfall just months later.
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