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Almost $89 million in crypto will be unlocked this week
Quick Take Onchain security platform Blockaid has raised $50 million in a Series B led by Ribbit Capital. The company provides security solutions for some of the largest crypto firms and projects, including Coinbase and MetaMask.
ETH/BTC remains under major moving averages, with resistance between 0.05–0.06 BTC, a breakout above may signal a solid reversal of the trend. A bullish divergence on the weekly chart indicates declining bearish momentum, with both RSI and Stochastic RSI flashing signs of possible price reversal. ETH/BTC is testing a major historical low, with substantial trading volume implying a fierce battle between sellers and buyers.
Bitcoin’s price hovers near $95,582, facing risks of decline if it drops below key support levels around $95,000. A breakout above $98,000 could drive Bitcoin toward $100,000, with long-term bullish trends still intact. Bitcoin’s momentum shows signs of reversal, potentially leading to upward movement if key resistance levels break.
Bitcoin is forming a declining wedge pattern, with resistance points of $100K and targets of $110K and $120K. Market indicators, including MACD and RSI, are suggesting consolidation, with a volume-driven breakout and on the lookout for bull signals. A bearish breakdown of $93K may take Bitcoin down towards $85K–$87K, and holding on may result in a steep upswing.
Quick Take Trump’s crypto-friendly pick Howard Lutnick was confirmed by the Senate as new Secretary of Commerce. Lutnick has been leading financial services firm Cantor Fitzgerald, which has been a custodian for Tether.