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Daily Crypto Deep Dive with BingX: May 6th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD indicates Bitcoin trading at $94,249 as of May 6, 2025, showing a decline of 0.59% from recent levels. The price has pulled back from a high of $97,956 earlier in the period, testing support near $94,142, which aligns with the 30-period moving average at $88,953.2 and the 60-period moving average at $86,359.5. The candlestick patterns reflect increased selling pressure, with a series of bearish candles dominating the recent action. The RSI on the 4-hour chart sits at 56.67, suggesting neutral momentum, while the MACD shows a bearish crossover, indicating potential for further downside in the short term. On the 1-day chart, Bitcoin’s broader trend shows a significant rally from $58,846 in late 2024 to a peak of $97,956 in early May 2025, followed by the current correction. The price remains within a long-term ascending channel, with the recent drop
3 min

Cashing Out Crypto: Off-Ramps in UAE & KSA's Regulated Markets

The Crypto industry has gained momentum in the last few years, with the Middle East and North Africa (MENA) rapidly establishing itself as the hub for cryptocurrency adoption, with the United Arab Emirates (UAE) and Saudi Arabia (KSA) at the forefront. With crypto transaction volume growing by 12% annually, and KSA and UAE leading global remittances, investors are increasingly focused on crypto off-ramps, converting digital assets into fiat currencies like AED (UAE) and SAR (KSA). In a region driven by progressive regulations and economic ambitions, experienced crypto users, especially those familiar with trading but understanding cash-out options, need clear insights into off-ramp methods, user trends, and regulatory frameworks for building growth in a dynamic landscape. What Are Crypto Off-Ramps? Crypto off-ramps enable users to convert cryptocurrencies, such as Bitcoin (BTC), or stablecoins like Tether (USDT), into fiat currency, typically deposited into bank accounts or received a
4 min

Understanding World Liberty Financial USD1: A Stablecoin Revolution or a Centralized Power Play?

Imagine a stablecoin backed by a former U.S. president, aiming to redefine decentralized finance while stirring debates about centralization. Is USD1 the future of digital currency or a step back into centralized control? With World Liberty Financial’s USD1 making headlines, it’s time to delve into this intriguing development. USD1’s Global Ambitions and Regulatory Hurdles World Liberty Financial (WLF), associated with the Trump family, has launched USD1, a stablecoin pegged to the U.S. dollar. Its expansion into the European market is currently faceing challenges due to the European Union’s Markets in Crypto-Assets (MiCA) regulation, which imposes strict compliance requirements on stablecoins. To comply with MiCA, USD1 must hold a significant portion of its reserves in EU-regulated banks and adhere to transaction volume caps. These requirements aim to protect the euro’s dominance and ensure financial stability. Experts suggest that WLF might consider focusing on markets with more fav
3 min

Stablecoins Surge: USDT, USDC, and the New Era of Dollar-Backed Digital Finance

Is the dollar’s next big chapter being written on the blockchain? With over $204 billion in circulation, stablecoins like Tether (USDT) and USD Coin (USDC) are no longer just crypto sidekicks—they’re becoming the main act. Recent moves by Circle, Tether, and PayPal signal a seismic shift in how digital dollars flow across borders, and it’s happening faster than your favorite meme coin can crash. Circle’s launch of the Circle Payments Network aims to streamline cross-border transactions, while Tether is expanding its compliance-focused solutions in the U.S. market. PayPal’s PYUSD stablecoin is also gaining traction, especially with Coinbase waiving transaction fees to boost adoption. It’s a stablecoin showdown, and the stakes are higher than ever. Let’s understand the dynamics and impact on how these stablecoins will change the near future. USDT vs. USDC: The Digital Dollar Duel USDT and USDC are the heavyweight champions of the stablecoin world, each with its own strengths. USDT,
4 min

Growing Solana Marketcap in Comparison to Ethereum: Is there a new L1 King of Smart Contracts?

What if the king of smart contracts is not as untouchable as we thought? Could the future of decentralized applications belong to a new leader? With Solana’s market cap climbing faster than a squirrel on espresso, the question on every investor’s mind is clear: Is Solana about to dethrone Ethereum? Grab your popcorn because the Layer 1 battlefield is heating up and the stakes could not be higher. The Latest Numbers: Solana’s Breakneck Momentum Recently, Solana has been hitting all-time highs relative to Ethereum, making waves across the crypto space. As of late April 2025, Solana’s market cap has surged to approximately $90 billion, while Ethereum hovers around $370 billion, according to CoinMarketCap. While the gap remains significant, Solana’s year-over-year growth rate has sharply outpaced Ethereum’s, sparking serious discussions about whether the next crypto bull run could crown a new Layer 1 king. This sudden spike is largely fueled by Solana’s blistering transaction speeds and it
4 min

Bitcoin Ordinal NFTs: Short-term Hype or Long-Term Potential?

What if the next big thing in NFTs isn’t on Ethereum or Solana, but Bitcoin? Sounds strange? That’s exactly why it’s worth paying attention. Bitcoin Ordinals, a quirky yet compelling innovation, have stormed the NFT world, pulling attention away from established chains. Are they a flash in the pan like meme coins, or are they laying the groundwork for Bitcoin’s role in digital collectibles? The data from CoinGecko’s 2025 Q1 Crypto Industry Report paints a fascinating picture of an NFT battle between chains, traders, and taste. A Breakout Quarter: Ordinals Overtake Ethereum The first quarter of 2025 saw a plot twist nobody expected. While Ethereum-based NFT volumes did indeed plummeted byover a nasty 85%, Bitcoin NFTs went parabolic. In March alone, Bitcoin Ordinals trading volume exploded from $116 million in February to $547 million. That’s a 3.7 jump within one quarter. The culprit? A frenzy of minting activity with projects like Ordinal Maxi Biz a
4 min

GOLD vs BTC: The better Store of Value in 2025?

Is your piggy bank feeling outdated? In 2025, the age-old debate between gold and Bitcoin as the superior store of valuehaintensified. With Bitcoin’s meteoric rise and gold’s enduring legacy, even those who have yet to invest even 1 USDT in cryptocurrencies are left pondering: which asset truly holds the crown? Let’s delve into the latest developments to uncover more for your enlightenment. A Tale of Two Assets Bitcoin has recently surged back to an impressive $94,000, fueled by nearly $1 billion in inflows into spot Bitcoin ETFs. This momentum is further bolstered by Cantor Fitzgerald’s announcement of a $3.6 billion crypto venture, Twenty One Capital, in collaboration with SoftBank, and Tether. This venture aims to acquire more than 42,000 BTC, which is quite a bit to say to say the least when 1 BTC is closer to $100k than $20k mark just a few years ago. On the other hand, gold has experienced a slight dip, trading around $3,322 per ounce and this is happening
4 min

Daily Crypto Deep Dive with BingX: April 28th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD shows Bitcoin trading at $95,112 as of April 28, 2025, reflecting a slight increase of 1.51% from recent levels. The price has experienced a recovery from a low of $92,749 earlier in the period, now approaching resistance near $95,758, which aligns with prior highs. The 30-period moving average, at $85,658.3, and the 60-period moving average, at $85,442.4, remain below the current price, indicating that the short-term trend remains bullish. The candlestick patterns show a mix of volatility, with a recent bullish push supported by increased volume, suggesting renewed buying interest. The RSI on the 4-hour chart is at 52.22, indicating neutral momentum, while the MACD suggests a potential bullish crossover, suggesting possible upward momentum in the near term. On the 1-day chart, Bitcoin’s broader trend remains in focus, with the price having climbed
4 min

Week #18: Cryptocurrencies with Recent Developments to Watch This Week

The cryptocurrency market has seen mixed movements this week, with select altcoins making headlines amid broader market consolidation. Key developments around regulatory adoption, partnerships, and corporate treasury strategies are shaping sentiment. Investors are keeping a close eye on infrastructure growth and corporate adoption narratives that could fuel the next wave of volatility. 1. Avalanche (AVAX): Expanding into regulated finance At the time of publication, Avalanche (AVAX) is currently trading at $21.82, reflecting a 24-hour decline of 2.72% and a 7-day decrease of 5.10%. Avalanche faced moderate selling pressure this week despite a major regulatory breakthrough. Ava Labs announced that its subsidiary, Axiyom, secured a Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN). This milestone enables Avalanche-linked financial products to operate within the U.S. regulatory framework, a major step toward institutional acceptance. While t
4 min

Crypto Nodes Made Simple: How to Run Bitcoin, Ethereum, Solana, and Cardano Without a Supercomputer

Ever wondered if your dusty old desktop or a Raspberry Pi could do more than stream Netflix and collect cat videos? What if it could help secure a blockchain? With all the buzz around crypto, many assume you need a futuristic server room or thousands of dollars in hardware to be part of the network. That’s not the case. Whether you want to validate transactions on Ethereum, stake ADA on Cardano, or help decentralize Bitcoin, getting started with node operation might be easier and cheaper than you think. While ASICs and massive GPUs dominate mining headlines, running a node or validator can sometimes be done on devices no bigger than a lunchbox. Curious how? Let’s break it down by blockchain. Bitcoin Nodes: Old School Security with Low Barriers Running a Bitcoin node isn’t just for tech wizards. In fact, you can operate a full node on something as modest as a Raspberry Pi 4 with 8GB RAM, 1TB SSD, and a stable internet connection. Projects like Umbrel and RaspiBlitz have simplified the p
4 min

Global M2 Data: Can Broad Money Supply Guide Crypto Forecasts?

What if one of the best predictors of Bitcoin’s price isn’t crypto-specific at all, but buried in central bank balance sheets around the world? Could a decades-old macroeconomic metric like the global M2 money supply hold the key to forecasting Bitcoin’s next big move? If that sounds far-fetched, think again. As global liquidity surges and financial markets heat up, wiser eyes are looking towards global M2 as a potential north star for navigating the crypto market. Just before you start tossing your technical analysis out the window and go all-in on macro data, there’s a lot you’ll want to understand. Let’s discover this together. Bitcoin Nears $100K: M2 May Be Whispering Behind the Scenes Bitcoin has been clawing its way toward the long-hyped $100,000 milestone, recently reaching around $93,500. This rally comes at a time when global liquidity is expanding, the U.S. dollar is softening, and investor appetite for risk is steadily growing. While many are quick to credit halving ev
4 min

Daily Crypto Deep Dive with BingX: April 25th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD shows a recent price movement, with Bitcoin trading at $93,646 as of April 25, 2025. The chart indicates a sharp decline from a high of around $94,469 earlier in the week, followed by a period of consolidation and a slight recovery. The price is currently interacting with the 30-period moving average at $84,654.6 and the 60-period moving average at $84,996.6, which have acted as dynamic support and resistance levels. The candlestick patterns reveal increased volatility, featuring a mix of bullish and bearish candles, which suggests indecision in the market. The RSI on the 4-hour chart is at 53.26, indicating neutral momentum, while the MACD shows a bearish crossover, hinting at potential downward pressure in the short term. On the 1-day chart, Bitcoin’s price action over the past few months displays a broader trend. The price surged from a low of $
4 min