DeFi News Daily Official TheBitTimes.com

The Hyperliquid price jumped 14% in the last 24 hours to trade at $12.15 as of 12:29 a.m. EST on trading volume that skyrocketed 146% to $434 million. Hyperliquid Price Shows Bearish Momentum Near Key Fibonacci Support The HYPE price is experiencing a strong bearish trend, breaking below key Fibonacci levels. The Hyperliquid price chart shows a retracement from the $35.52 high, with price action now sitting around the 0.618 Fibonacci level ($19.79). This is a crucial support zone because the golden ratio (0.618) is often seen as a reversal point. However, a clear breakdown below this level increases the likelihood of testing the 0.786 level at $15.51. Additionally, the price of HYPE is trending below the 50-day Simple Moving Average (SMA) at $23.41, confirming that sellers are in control. The Relative Strength Index (RSI) at 33.75 is indicating increasing selling pressure, but being near 30 suggests a possible bounce. However, if the RSI dips below 30, it could signal further dow...

Cilinix Crypto reviewed the BTC Bull presale, which has reached a significant milestone by raising $2.4 million in just a few days. This remarkable accomplishment stands out particularly given the current market conditions. While some altcoins are struggling in a relatively bearish environment, Bitcoin’s price stability has helped keep the broader market relatively steady. BTC Bull presale’s rapid success signals that there is a considerable amount of momentum and interest behind it, both socially and in terms of capital investment. Although the market’s overall outlook might not be exceptionally bullish right now, BTC Bull has managed to gain traction, which suggests strong potential for future growth. Bitcoin’s Historic Rally and the Meme Coin Set to Ride Its Momentum Between 2023 and 2024, Bitcoin surged from its cycle low of around $17,000 to a new all-time high of approximately $73,000, driven by the introduction of Bitcoin ETFs and growing institutional...

The Bitcoin price plunged 3% in the last 24 hours to trade at $100,478 as of 11:07 p.m. EST on trading volume that surged 24% to $114 billion. This comes after the Federal Open Market Committee (FOMC) meeting delivered a 25 basis point cut, as widely expected, bringing the Federal Reserve (FED) Funds interest rate into a range of 4.25% – 4.50%. But the Fed signaled a slower pace of easing in 2025, a revised projection that was more hawkish than most pundits anticipated, and that sent the crypto market into a tailspin.  Bitcoin Price Could Continue Soaring The daily chart for the Bitcoin price highlights a strong bullish trend, characterized by a breakout from a prolonged accumulation phase and consistent upward price movement. A well-defined consolidation zone is visible between June and late November, marked in purple on the chart, with price oscillating between $60,000 and $70,000, according to data from Geckoterminal . After the breakout above the $70,000 resistance...