#CryptoQuant warns that #Bitcoin may enter a bear market phase and there is a possibility of a price correction to the $70,000 or even $56,000 range.
🇯🇵 With the start of the effect of the #Japan central bank's interest rate hike and the opening of yen carry trades (borrowing yen at low interest rates and entering it into risky markets such as crypto), analysts say that Bitcoin may fall by up to 25% to below $69,000.
Bitcoin's performance next week could be decisive.💯
The Bank of Japan’s interest rate decision is due tomorrow, and the market is expecting a 25 basis point hike with a 98.4% probability.
A look at previous BOJ rate hikes shows that the crypto market reaction has been short-term but intense: On July 31, 2024, the rate was raised to 0.25%, and Bitcoin fell by about 26% in 8 days. On January 24, 2025, the rate was raised to 0.50%, and Bitcoin fell by nearly 25% in 20 days.
The rate is now expected to reach 0.75%, the highest level since 1995. According to past patterns, there is a possibility of short-term downside pressure around the time of the decision, but it should not be overlooked that each BOJ policy-induced drop has been followed by a strong recovery and a new all-time high for Bitcoin.
🔴2025 was worse for the crypto market than these events:
🔴FTX crash 🔴Luna collapse 🔴COVID market crash 🔴SEC and Gary Gensler’s massive lawsuits against crypto companies 🔴Celsius and BlockFi bankruptcies
🕜 And that was at a time when: ☑️The stock market was at an all-time high. ☑️Gold and silver were hitting all-time highs ☑️The Federal Reserve was buying Treasuries. ☑️The global M2 money supply was increasing. ☑️A pro-crypto president was in office.
🔻These inconsistencies suggest that the problem wasn’t just macro factors; structural weakness, mistrust, and internal industry pressure played a bigger role than many were willing to admit.
The New York Stock Exchange is in talks to invest in MoonPay, a deal that could value the company at around $5 billion.
If finalized, the investment would solidify MoonPay’s position as a major player in the crypto payments infrastructure market and show that traditional financial institutions are still interested in getting deeper into the space.
According to Alphractal analysis, Bitcoin is on the verge of breaking below all major moving averages.
Usually, when this happens, it can be a good opportunity to implement a DCA strategy; that is, periodic and recurring purchases in a smart and disciplined manner.
A new anti-cryptocurrency fraud bill has been introduced in the United States.
US Senators Elissa Slotkin (Democrat) and Jerry Moran (Republican) have introduced a bipartisan bill called the SAFE Crypto Act, which aims to seriously combat cryptocurrency fraud.
What the bill does
Creates a federal task force consisting of the Treasury Department, the Department of Justice, the US Secret Service and blockchain analysis companies to identify and stop cryptocurrency fraud in real time.
Why now?!
According to the FBI, losses from cryptocurrency fraud will reach $9.3 billion in 2024, a 66% increase from the previous year.
Main Focus Areas‼️
☑️Ponzi and Ragpool Schemes ☑️Fake Token Offerings ☑️Pig Butchering Scams ☑️Crypto ATM Abuse and Fraud
The bill also requires stablecoin issuers to be able to freeze assets associated with illegal activities.
The bill focuses on law enforcement and tackling crime, not on new regulations for trading; a positive step to clean up the market and protect investors.