14 Mar, 2025

Ethereum and Bitcoin Navigate Critical Price Levels Amid Market Fluctuations

Key Takeaways● Ethereum faces resistance near $1,950, with a potential breakout toward $2,050 if momentum holds.● Bitcoin hovers around $80,000 and could surge to $85,000 if bulls gain control.● Bitcoin Pepe’s L2 network aims to bring DeFi and memecoin trading to Bitcoin’s blockchain, raising over $4.5 million in its presale.● Potential downturn for Ethereum if it fails to hold support at $1,800, with the next target around $1,750.Ethereum and Bitcoin are at pivotal moments, with both cryptocurrencies grappling with resistance and support zones that could define their next moves. Ethereum is showing signs of recovery but faces a formidable ceiling at $1,950. Meanwhile, Bitcoin is stabilizing near $80,000, with the potential to rally toward $85,000 if buying pressure intensifies.Ethereum faces stiff resistanceEthereum’s price action has been a delicate tug-of-war between bullish recovery and bearish pressure. After establishing a base above $1,760, Ethereum climbed past $1,820 and $1,850, signaling a recovery. Bulls managed to push the price above $1,920, but the rally stalled near $1,950 — the 50% Fibonacci retracement level from the $2,150 swing high to the $1,752 low.A short-term bearish trend line at $1,900 on the ETH/USD hourly chart reinforces the immediate challenge for buyers. A decisive break above $1,950 could set the stage for a push toward $1,990 and $2,050. If momentum holds, Ethereum could target $2,120 and potentially $2,250 in the near term.However, failure to clear the $1,950 level might trigger a pullback. Initial support sits at $1,845, followed by a key floor at $1,800. A break below $1,800 could deepen the correction toward $1,750 and possibly $1,720. Further downside could test the $1,650 level, increasing bearish sentiment.Bitcoin eyes $85K as market seeks bullish momentumBitcoin’s recent consolidation around $80,000 reflects the broader market’s cautious tone. After dipping to $79,000 earlier in the week, Bitcoin reclaimed ground and currently trades at $81,909. If bulls sustain pressure, a breakout toward $85,000 is within reach.The $82,000 threshold marks a psychological barrier that could unlock higher targets. A move past this level may drive Bitcoin toward new highs, but failure to sustain momentum could invite selling pressure, pulling the price back toward $79,000.Bitcoin Pepe introduces new dynamics to the Bitcoin ecosystemBitcoin Pepe is making waves as the first memecoin-based project on the Bitcoin blockchain. The project’s Layer-2 (L2) network is designed to enhance Bitcoin’s utility by enabling decentralized finance (DeFi) and memecoin trading — areas traditionally dominated by platforms like Ethereum and Solana.The presale for Bitcoin Pepe’s native token, $BPEP, has already raised over $4.5 million, with the current price set at $0.0281. Once the presale crosses $5.67 million, the price will increase to $0.0295. This surge in early interest reflects growing confidence in Bitcoin Pepe’s potential to unlock Bitcoin’s $2 trillion market cap for memecoin activity and DeFi expansion.Bitcoin Pepe’s L2 network will allow developers to launch memecoins directly on Bitcoin, enhancing market liquidity and expanding Bitcoin’s use cases. The project’s strategic positioning within the memecoin and DeFi space could make $BPEP a high-performing asset in the crypto market.Market outlook and future trendsEthereum and Bitcoin are navigating complex market conditions, with significant resistance and support zones shaping short-term prospects. Ethereum’s ability to clear $1,950 could spark a bullish breakout, while Bitcoin’s path to $85,000 hinges on sustained buying pressure above $82,000.Bitcoin Pepe’s L2 solution represents a transformative shift for Bitcoin’s ecosystem, bridging the gap between traditional cryptocurrency assets and the fast-growing memecoin sector. As market dynamics evolve, Bitcoin and Ethereum’s performance — along with emerging projects like Bitcoin Pepe — could define the next chapter in the cryptocurrency market’s growth trajectory.

10 Mar, 2025

Thailand Regulator Adds USDC, USDT Stablecoins to Approved Cryptocurrencies

What to know:Thailand's Securities and Exchange Commission (SEC) is adding Tether's USDT and Circle's USDC to its list of approved cryptocurrencies for trading on digital asset exchanges.The decision, effective from March 16, follows a public consultation in February where the majority supported the proposal.The approval of USDT and USDC, with market capitalizations of $142 billion and $58 billion, respectively, aligns Thailand with global trends where stablecoins are increasingly significant in crypto trading and payments.Thailand’s financial regulator the Securities and Exchange Commission (SEC) is expanding its list of approved cryptocurrencies with the two largest stablecoins, Tether's USDT and Circle's USDC as trading pairs on digital asset exchanges.Previously, only bitcoin (BTC), ethereum (ETH), XRP, stellar (XLM), and certain tokens used in the Bank of Thailand’s settlement system were approved by the regulator.The move comes after a public consultation in February, during which most respondents backed the proposal. The new rules from the will take effect on March 16.By recognizing USDT and USDC, Thailand is aligning itself with global trends where stablecoins play a key role in crypto trading and payments. Stablecoins are one of the fastest-growing sectors of crypto, driven by demand in developing regions such as Southeast Asia, Africa and Latin America. USDT has a $142 billion market capitalization, followed by USDC with its $58 billion market cap.USDT issuer Tether said on Monday that the approval paves the way for broader acceptance of its token in Thailand’s financial sector.