Bitcoin experienced notable price swings on Dec. 26, seemingly triggered by incorrect data on TradingView’s Bitcoin dominance chart. False Data Sparks Market Turbulence Cointelegraph Markets Pro recorded a sharp 4% drop in Bitcoin’s price, ending the calm trading environment of the Christmas period. BTC/USD briefly fell toward $95,000 as a TradingView anomaly inaccurately indicated Bitcoin’s market dominance had plummeted to 0%. The issue, since resolved, appeared to drive panic among traders. “So there was a TradingView glitch surrounding $BTC dominance and this caused people to panic dump? People now dumping over TradingView?” trader Satoshi Flipper questioned on X. Monitoring platform CoinGlass reported that approximately $33 million in BTC long positions were liquidated within a four-hour span. Bitcoin Dominance Trends and Altcoin Outlook Bitcoin’s market dominance has been a hot topic among traders. Recent all-time highs for BTC have left altcoins struggling to keep pace. Bitcoin dominance peaked at 61.5% in mid-November but has since declined, fueling speculation about an impending “altseason.” “BTC Dominance reached 2021 breakdown level and rejected,” trading account Aqua noted on X. “I think BTC Dominance peaked and ALTs will start outperforming $BTC in the coming months. Finally we will see true ALTs season soon.” Trader and analyst Michaël van de Poppe drew comparisons between current altcoin valuations and the Dotcom bubble of the early 2000s. “The Altcoin valuation are still substantially low. The total market capitalization is barely $1.5T. The Dot.com bubble was $10-15T,” he stated, predicting a significant surge in altcoin values by 2025. Optimism for Early 2025 Despite the temporary volatility, market sentiment remained optimistic. Participants expect Bitcoin to make a substantial move in the first quarter of 2025, signaling continued confidence in its long-term trajectory.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Galaxy Research Reveals Bitcoin, Ether And Dogecoin Price Projections In 2025 Crypto Forecast
Digital asset and blockchain company Galaxy Research, led by head of research Alex Thorn, has released a forecast for 2025, predicting significant price movements and regulatory changes across major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Bitcoin On Track For $185,000 By Year-End 2025 According to Galaxy Research, Bitcoin is poised to exceed $150,000 in the first half of 2025 and may reach or surpass $185,000 by the end of the year. This bullish outlook is underpinned by a combination of increasing institutional, corporate, and nation-state adoption. Historically, Bitcoin has outperformed traditional asset classes, including the S&P 500 and gold, and this trend is expected to continue as it captures approximately 20% of gold’s market capitalization. Related Reading: Chainlink Is Forming A Head-And-Shoulders Pattern – Confirmation Could Take LINK To $14 The report notes that US spot Bitcoin exchange-traded products (ETPs) are anticipated to surpass $250 billion in assets under management (AUM) by 2025. With over $36 billion in net inflows recorded in 2024, these ETPs have become the most successful launch cohort in history, attracting investments from major hedge funds and institutional players. As Bitcoin solidifies its position as a leading asset, Galaxy Research forecasts that at least one prominent wealth management platform will recommend a Bitcoin allocation of 2% or more. This shift is expected to further drive inflows into Bitcoin ETPs, increasing their AUM. The report also highlights the likelihood of reaching consensus on significant protocol upgrades among Bitcoin developers, which has historically been difficult to achieve, and is expected to include enhancements that improve transaction programmability. Dogecoin Poised For Resurgence Ethereum is projected to trade above $5,500 in 2025, driven by easing regulatory constraints on decentralized finance (DeFi) and increased institutional interest. Galaxy Research anticipates that Ethereum staking rates will surpass 50%, with the possibility of spot-based ETH exchange-traded funds being allowed to stake a portion of the ETH they hold. The decentralized finance (DeFi) market on Bitcoin is also expected to grow significantly. The amount of Bitcoin locked in DeFi smart contracts could nearly double in 2025, according to the firm. Related Reading: Ethereum Price Falls Again: Is the Decline Gaining Momentum? The report also predicts that Dogecoin will reach a market cap of $100 billion, potentially crossing the $1 mark amidst broader market dynamics, including institutional adoption and new regulatory frameworks that may influence the future of meme-based cryptocurrencies. In the regulatory arena, Galaxy Research anticipates that bipartisan legislation governing stablecoin issuance will be enacted by the end of 2025, providing a clear framework for issuers. At present, BTC is trading at $94,648, showing a 1% loss in the last 24 hours. Ethereum, conversely, is priced at $3,359, reflecting a 1% increase over the same period. Dogecoin is priced at $0.314, experiencing minimal gains of only 0.5% during this timeframe. Featured image from DALL-E, chart from, TradingView.com CryptoIntelligence
Forex Schedule: Maximizing Your Trading Opportunities
Forex Schedule: Maximizing Your Trading Opportunities The forex market is the largest and most liquid financial market in the world, operating 24 hours a day, five days a week. Unlike traditional markets, the forex market has no centralized location, enabling traders worldwide to participate at any time. To succeed in forex trading, understanding the forex schedule is crucial. Knowing the best trading sessions and their unique characteristics can significantly impact your trading strategies and outcomes. In this article, we will dive into the forex schedule, explore the different trading sessions, identify the best times to trade, and share essential tips for maximizing your profits. Understanding the Forex Schedule The forex market operates continuously from Monday to Friday, divided into four major trading sessions: Sydney , Tokyo , London , and New York . These sessions represent the active hours of significant financial hubs across the globe. 1. Forex Trading Hours by Session Here’s a breakdown of the primary trading sessions and their corresponding time zones: Trading Session Opening Time (UTC) Closing Time (UTC) Key Markets Sydney 10:00 PM 7:00 AM Australia, New Zealand Tokyo 12:00 AM 9:00 AM Japan, China, Singapore London 8:00 AM 5:00 PM UK, Germany, Switzerland New York 1:00 PM 10:00 PM USA, Canada 2. Overlapping Sessions The overlaps between trading sessions are the most active times in the forex market. Increased volatility and liquidity occur during these periods, presenting lucrative opportunities for traders. Overlapping Session Time (UTC) Key Features Tokyo-London 8:00 AM–9:00 AM Moderate activity, some volatility London-New York 1:00 PM–5:00 PM High volatility, best for trading major pairs Characteristics of Each Forex Session 1. Sydney Session Key Features: Low volatility due to fewer participants. Ideal for trading AUD, NZD, and JPY pairs. Best for beginners or traders looking for a slower-paced market. Opportunities: The Sydney session sets the stage for the rest of the day. Trends can begin here, especially in AUD and NZD pairs. 2. Tokyo Session Key Features: High activity in Asian currencies (JPY, SGD, HKD). Moderate volatility and volume. Opportunities in trend-following strategies. Opportunities: Japanese and Chinese economic data releases can significantly impact currency pairs like USD/JPY and EUR/JPY. 3. London Session Key Features: The busiest session, with high trading volume and volatility. All currency pairs experience movement, particularly GBP, EUR, and USD pairs. Ideal for day trading strategies. Opportunities: Economic data from the UK and Europe often drive market trends during this session. 4. New York Session Key Features: Second in terms of trading volume and volatility. Focus on USD pairs, as the U.S. economy influences global markets. Strong reactions to U.S. economic reports and news. Opportunities: The overlap with the London session creates the most active period, offering significant price movements. Best Times to Trade Forex While the forex market operates 24/5, not all hours are equally profitable. Timing your trades during periods of high liquidity and volatility can enhance your trading outcomes. 1. Most Active Trading Hours London-New York Overlap (1:00 PM–5:00 PM UTC): This period is the most volatile and liquid, ideal for trading major currency pairs like EUR/USD, GBP/USD, and USD/JPY. Tokyo-London Overlap (8:00 AM–9:00 AM UTC): Offers moderate activity, particularly for EUR/JPY and GBP/JPY trades. 2. Least Active Hours After New York Close: Liquidity drops significantly between 10:00 PM and 12:00 AM UTC, making it less favorable for most traders. Forex Schedule and Trading Strategies 1. Scalping During Overlaps Scalping involves making multiple small trades to capitalize on short-term price movements. The London-New York overlap is ideal for this strategy due to its high liquidity. 2. Trend Trading in the London Session Traders often find strong trends during the London session. By analyzing economic data releases, you can identify potential long-term market directions. 3. Range Trading in the Sydney Session With low volatility, the Sydney session is perfect for range-bound strategies. Identify support and resistance levels to trade within a predictable range. Tools to Optimize Your Forex Schedule 1. Economic Calendars Stay updated on global economic events that could impact forex markets. Key events include: Interest rate decisions. GDP reports. Employment data. 2. Forex Market Time Converters Use tools like Forex Market Hours Clock to track session timings in your local timezone. 3. Automated Alerts Set up alerts for key market events or when specific currency pairs reach desired price levels. Tips for Managing Your Forex Schedule Align with Your Timezone: Trade during sessions that align with your availability and preferred activity level. Focus on Key Sessions: Prioritize the London and New York sessions for maximum opportunities. Avoid Overtrading: Stick to your trading plan and avoid chasing trades outside active periods. Leverage Volatility Wisely: Use proper risk management to capitalize on volatile markets without overexposing your account. FAQs on Forex Schedule What is the best forex trading session? The London session is considered the best due to its high liquidity and volatility. Can I trade forex 24/7? No, the forex market operates 24/5, closing on weekends. What is the most volatile trading session? The London-New York overlap is the most volatile, offering the best trading opportunities. How do I adjust my trading schedule for my timezone? Use forex time converters or set trading alarms to match your local timezone. Conclusion: Mastering the Forex Schedule Understanding the forex schedule is essential for maximizing your trading potential. By aligning your strategies with the most active sessions and leveraging periods of high liquidity, you can optimize your trades for better results. Whether you’re a day trader, swing trader, or scalper, the key lies in knowing when to trade and how to adapt your strategy to the market’s rhythm. Use this guide to refine your trading approach and unlock new opportunities in the dynamic world of forex trading. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries. CryptoIntelligence