$ICP ## TLDR Internet Computer (ICP) rose 13.54% over the last 24h, outpacing the broader crypto market’s +0.7% gain. Here are the main factors:
1. **Technical Breakout** – Cleared key Fibonacci resistance ($3.64) on high volume. 2. **AI/Cloud Narrative** – Renewed focus on decentralized AI tools post-AWS outage discussions. 3. **Relative Strength** – ICP outperformed 90% of top 100 cryptos amid risk-off conditions.
## Deep Dive ### 1. Technical Rebound from Oversold Levels (Bullish Impact) **Overview:** ICP broke above its 23.6% Fibonacci retracement level ($3.64) with a 95% surge in trading volume vs. the prior day. The MACD histogram turned positive for the first time since December 20, signaling momentum shift.
**What this means:** Short-term traders likely piled in after ICP held the $2.67 swing low (December 22), viewing it as a dip-buying opportunity. The 7-day RSI at 37.56 also exited “oversold” territory, reducing downward pressure.
**What to watch:** Sustained closes above $3.64 (former resistance) could target $3.95 (December 20 high).
AI/Decentralized Cloud Hype Resurgence (Mixed Impact) **Overview:** Dfinity’s VP Lomesh Dutta reiterated ICP’s role in decentralized AI infrastructure on December 20, citing AWS’ October 2025 outage that disrupted Coinbase and MetaMask. This narrative gained traction in crypto circles this week.
**What this means:** While ICP’s tech aims to reduce reliance on centralized cloud providers, adoption remains early-stage. The price reaction appears driven by speculative bets on AI/cloud narratives rather than confirmed usage spikes.
Market Rotation to Beaten-Down Altcoins (Neutral Impact) **Overview:** ICP’s 30-day decline (-21.5%) made it a candidate for mean reversion as traders hunted undervalued large-caps. Its 24h turnover ratio (10.1%) indicates high liquidity, attracting short-term capital.
**What this means:** The rally lacks confirmation from network metrics (TVL, active addresses), suggesting it’s more technical than fundamental. $BTC
🇺🇸 A crucial Crypto Tax Policy hearing is taking place today in the U.S. House of Representatives. Rumors are spreading fast that the government might introduce a 0% capital gains tax on US-based crypto tokens.
👉 If this proposal is approved: ✅ Massive investor inflow into the crypto market ✅ Strong price rallies for BTC, ETH, and major altcoins ✅ Institutional trading volumes likely to surge
📊 BTC is already trading at $108,779, with traders anticipating a major move ahead of the decision.
🕒 Time: The hearing is scheduled during the U.S. session (around 6:00 PM UTC) — stay tuned for updates! $BTC