Moneta’s Chief Global Market Strategist and Senior Investment Advisor, Aoifinn Devitt, has challenged the notion that cryptocurrencies are a safe haven asset. Speaking about the recent market downturn, Devitt explained that crypto remains a “risk-on” asset rather than a stable hedge against market volatility. Ethereum fell a sharp 27% on Sunday, reigniting debate over whether digital assets can serve as a safe haven during financial turmoil. Devitt rejected the idea, saying: “I never called it that. I`m not sure who holds that position as an advisor. “We don’t yet have enough information about this asset class from a 360-degree perspective to determine how it would perform in the event of a market crash.” Devitt noted the uncertainty around how cryptocurrencies will respond to fundamental economic factors like interest rates and inflation, adding that crypto acts as an extremely “risky” asset and requires a high tolerance for volatility. While some proponents have dubbed Bitcoin “digital gold,” Devitt remained skeptical about its status as a safe haven. “It may be on par with gold in terms of acting as a hedge in a portfolio, but only as a hedge against fiat,” he explained. He also noted that despite Bitcoin’s appeal as an alternative to traditional money, demand for fiat currencies, especially the U.S. dollar, remains strong. “There doesn’t seem to be much of an appetite for fiat currencies right now,” he added. Speaking about the volatility in the crypto market, Devitt acknowledged that Bitcoin, while affected by declines, tends to be more stable than other digital assets like Ethereum. “Bitcoin is definitely seen as the first cryptocurrency. If you want to take a little bit of risk with less volatility, Bitcoin could be a good place to start,” he said. With the emergence of Bitcoin exchange-traded funds (ETFs), Devitt noted that the asset class has become more mainstream and liquid. However, he made it clear that this does not mean safety. “We are not in a safe haven area, but we are in a more accessible market,” he said. “It is a relatively calm place, but it is by no means a safe haven.” *This is not investment advice. Continue Reading: Have Bitcoin and Cryptocurrencies Become Safe Havens? Analyst Evaluates
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Meme Coin Mania Faces Its Biggest Test Yet as Trump’s Tariffs Shake the Market—5 Picks to Rebound This Week
The excitement around meme coins is encountering a significant obstacle as new tariffs introduced by Trump unsettle the market. The shifts are causing ripples across the crypto landscape. Yet, there are opportunities amid the turbulence. This week, five coins show promise of bouncing back. Discover which ones could lead the recovery in these uncertain times. XYZ’s Rise to Glory: The Meme Coin Fighter Punching Through the Crypto Arena XYZVerse is the next heavyweight champion of meme coins. Crowned Best NEW Meme Project , it blends the electric energy of sports with meme culture, drawing in millions of fans who want to be part of something bigger. Every great story needs a hero. Not the biggest, not the strongest—just the one crazy enough to keep pushing forward. That’s XYZepe , the masked fighter, the die-hard believer, and the relentless holder of $XYZ . His mission is to bring XYZVerse to the top of CoinMarketCap and carve XYZ into crypto history. In response, the CMC community is totally behind this future champ: 95% are super bullish on $XYZ. But greatness isn’t handed out—it’s earned in the ring. $XYZ has already passed through 9 out of 15 presale stages, and the thriving community helps it build momentum for a mindblowing take off. Undervalued at $0.002, $XYZ is a bet worth making. By the end of presale, it’s set to soar to $0.1. The fight isn’t over, but the path to glory is clear. Champions Get Rewarded In XYZVerse , the community calls the plays . Active contributors aren’t just spectators—they’re rewarded with airdropped XYZ tokens for their dedication. It’s a game where the most passionate players win big. The Road to Victory With solid tokenomics, strategic CEX and DEX listings, and consistent token burns, $XYZ is built for a championship run. Every play is designed to push it further, to strengthen its price , and to rally a community of believers who know this isn’t just another meme coin—it’s the start of something legendary. XYZepe is fighting for glory. Are you ready to join the ring? ai16z (AI16Z) AI16Z has seen significant fluctuations lately. In the past week, its price has dropped by 42.74%. Over the last month, the decline was even steeper at 79.90%. Despite these recent downturns, the coin is up by 77.89% over the past six months, showing long-term growth. Currently, AI16Z trades between $0.27 and $0.67. This is below both its 10-day simple moving average of $0.39 and its 100-day average of $0.47. The Relative Strength Index stands at 51.85, indicating a neutral market stance. The stochastic value is 30.34, suggesting the coin is approaching oversold territory. The MACD level is slightly negative at -0.0027, pointing to a possible bearish trend. Looking ahead, if the price continues to fall, it may reach the nearest support level at $0.12, which would be a significant drop from current levels. Conversely, if momentum shifts, the coin could rise toward the nearest resistance level at $0.93, marking a potential increase of over 200%. Traders are closely watching these key levels to gauge where AI16Z might head next. OFFICIAL TRUMP (TRUMP) OFFICIAL TRUMP (TRUMP) has experienced notable price movements recently. Over the past week, the coin’s price dropped by 36.65%, settling within a range of $16.22 to $28.10. Despite this short-term decline, TRUMP has surged by 365.58% over the past month and six months, indicating substantial growth in the longer term. The coin’s technical indicators show mixed signals. The Relative Strength Index (RSI) is at 45.88, suggesting the coin is neither overbought nor oversold. The Simple Moving Average (SMA) over 10 days is $17.33, which is below the 100-day SMA of $20.90. This could point to a potential downward trend. The MACD level stands at -0.4824, and the stochastic value is 31.98, both hinting at possible bearish momentum. Looking ahead, the nearest resistance level is at $35.20, with a second resistance at $47.08. If TRUMP’s price moves upward and breaks these levels, it could signal further gains. On the downside, the nearest support level is $11.44. A drop below this could lead to additional declines. Based on the recent data, TRUMP may face volatility, but the significant growth over the past month suggests potential for future increases. Pudgy Penguins (PENGU) Pudgy Penguins (PENGU) has seen significant volatility recently. Over the past week, its price has dropped by over 40%. In the past month, it has fallen nearly 69%. However, looking at the bigger picture, the token has surged approximately 154% over the last six months. Currently, PENGU is trading between $0.0083 and $0.02139. The nearest resistance level is at $0.02972, while the closest support level is at $0.003701. The 10-day simple moving average is $0.01242, slightly below the 100-day average of $0.01365. The Relative Strength Index (RSI) sits at 51.27, indicating neutral momentum. The stochastic oscillator is at 34.89, suggesting the token is neither overbought nor oversold. Based on these figures, PENGU’s price could move in either direction. If it rebounds towards the nearest resistance level, it could see gains of around 39% from its current upper range. Alternatively, if it dips to the support level, it could experience a decrease of about 56%. Traders are watching these levels to gauge potential shifts in the market. Turbo (TURBO) Turbo (TURBO) is currently trading between $0.00315 and $0.00567. Over the past week, its price has dropped by 22.84%. In the past month, it has fallen by 59%. However, over the last six months, it has gained 11.29%. The coin is hovering near its support level at $0.00221. The nearest resistance is at $0.00725. If it breaks above this, the next target is $0.00977. The 10-day simple moving average is $0.00404, while the 100-day average is $0.00471. This suggests short-term bearishness but longer-term stability. Technical indicators are mixed. The RSI is at 54.27, indicating a neutral market. The Stochastic is at 52.18, also neutral. MACD is slightly negative at -0.00000028166, suggesting minimal downward momentum. Based on this data, Turbo’s price could stabilize or rise towards the resistance levels, potentially increasing by over 100% if it reaches the second resistance. Conclusion While AI16Z, TRUMP, PENGU, and TURBO show rebound potential, XYZVerse (XYZ) excels by uniting sports fans in a pioneering memecoin aiming for massive growth. You can find more information about XYZVerse (XYZ) here: Site , Telegram , X BitcoinSistemi
Bitcoin Price Analysis: BTC Hovers Around $98,000 As Markets Stall
Bitcoin (BTC) fell below $98,000 during the current session as it struggles to recover from Tuesday’s drop of 3.54%. BTC’s drop coincided with a conference by White House Crypto Czar David Sacks that left many in the crypto space disappointed after the flagship cryptocurrency was mentioned only in passing. Sacks said the government will evaluate the feasibility of a Bitcoin reserve. The promise to establish a strategic reserve was one of the key drivers of BTC’s surge past $100,000. Bitcoin (BTC) Dominance At 4-Year High Data from CoinMarketCap has revealed that Bitcoin dominance is at a four-year high, rising past 60% despite ongoing price volatility. The jump in dominance hints at a shift in market dynamic, with capital inflows being directed towards BTC at the expense of altcoins, suggesting investor confidence in the asset remains high. The high dominance rate could push BTC into a long-term bullish cycle, potentially allowing altcoins to rebound. However, analysts believe the market needs fresh liquidity for an altcoin rally. David Sacks Disappoints Bitcoin (BTC) extended its losses following David Sacks`s press conference. The flagship cryptocurrency lost momentum after Monday’s decline and recovery. BTC’s decline coincided with a press conference held by White House Crypto and AI czar David Sacks, along with key heads of committees in the Senate and House. The crypto community was hopeful the press conference would discuss a strategic Bitcoin reserve. However, the press conference focused on regulatory matters. Bitcoin was mentioned in passing at the end of the press conference when Sacks stated the White House is looking into the feasibility of a strategic Bitcoin reserve. Sacks deferred questions about the executive order to create a sovereign wealth fund and if it had anything for Bitcoin. Key Developments Could Signal Bearish Turn Bitcoin (BTC) could lose the $90,000 and $100,000 range thanks to several factors, including a drying up of liquidity and the sluggishness about the creation of a strategic Bitcoin reserve. According to Arthur Hayes, Chief Investment Officer at Maelstrom, dollar liquidity is tightening due to several factors. Hayes pointed out the USD cash balance held in the Treasury General Account (TGA) increased from $623 billion to $800 billion in four weeks. The US hit its self-imposed debt ceiling of $36 trillion last month, and markets were hopeful the Treasury would run down the TGA to keep the government functioning, enhancing market liquidity. Andy Lian, an intergovernmental blockchain expert, stated, “We`re looking at a scenario where key liquidity sources are drying up or being more tightly controlled. This could lead to a slowdown in economic activity, higher borrowing costs, and potentially a more challenging environment for risk assets, including crypto.” Additionally, the Trump administration’s perceived sluggishness regarding a strategic Bitcoin reserve has also dampened sentiment. Talk of a strategic Bitcoin reserve was a key catalyst that propelled BTC past $100,000. However, the Trump administration is being cautious, opting to evaluate the feasibility of such a reserve in a disappointing development for the crypto community that hoped for some action on the proposal. Jim Bianco, President and Macro Strategist at Bianco Research LLC, stated, “Wait, Trump said he would do a $BTC Reserve, not promise to `evaluate it.` Evaluate/Study is what Washington does when they don`t want to do something.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) is hovering around the $98,000-$98,500 levels as it struggles to shed bearish sentiment and build momentum after Monday’s dramatic collapse. BTC’s sluggishness comes as concerns of a trade war between the US and China escalated after the US imposed tariffs on Chinese goods, and China retaliated by taking countermeasures. The developments dampened investor sentiment. The sentiment was further impacted after a press conference by White House Crypto Czar David Sacks, who mentioned Bitcoin and a strategic reserve only in passing. BTC has faced significant volatility over the past few sessions, dipping below the 20-day SMA last Monday and dropping to an intraday low of $97,776 before recovering and settling at $102,064. Sellers retained control on Tuesday as BTC fell to $101,362. Buyers returned to the market on Wednesday as BTC registered an increase of 2.27% and moved to $103,663. Thursday saw BTC rally to an intraday high of $106,296 before settling at $104,553. However, bearish sentiment returned on Friday as BTC fell nearly 2% and settled at $102,616. Source: TradingView BTC went below the 20-day SMA on Saturday as bearish sentiment persisted, dropping 1.54% to $101,041. Negative sentiment intensified on Sunday as BTC fell below $100,000 and the 50-day SMA, dropping over 3% and settling at $97,881. Markets collapsed on Monday thanks to the uncertainty and nervousness created by Donald Trump’s tariffs. As a result, BTC plunged to an intraday low of $91,274. However, BTC rallied from this level, surging to reclaim $100,000 and settle at $101,579, an increase of nearly 4%. However, this rally proved short-lived as BTC dropped 3.54% on Tuesday, slipping below $100,000 and the 50-day SMA and settling at $97,979. The current session sees BTC up 0.64% as buyers attempt to build momentum to push BTC above the 50-day SMA and reclaim $100,000. Buyers must reclaim and close above $100,000 to reverse the bearish trend. However, if sellers regain control, BTC could drop below $96,000 and retest the $92,000 level. A break below this level could see the price drop to $90,000. The RSI is currently at 45, while the MACD is bearish, indicating a downtrend. However, both indicators could flip if BTC reclaims $100,000. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. BitcoinSistemi