As evidenced by the 1-hour chart, the cryptocurrency has been on a definite downwards trajectory over the past five days, consistently recording lower highs and lower lows.

Coinglass data further indicates a surge in liquidated positions across the leverage market. Roughly $700 million have been cleared off, marking a 35% increase from the previous day. Notably, the majority of these were long positions, which made up around $600 million of the total.

The heatmap attached below presents a gloomy outlook. With LEO being the only exception, every other altcoin in the top 50 (by market capitalization) has suffered substantial losses in the past 24 hours.

The post Bitcoin’s Value Tumbles to $101K: Analysts Predict the Lowest Point appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The first executive order, issued by Trump on January 23, sought to enhance U.S. supremacy in the digital asset sector through the establishment of a working group to evaluate existing regulations and guidance. The order set three specific targets: to identify current guidelines by February 22, to recommend which standards should be maintained by March 24, and to deliver a comprehensive report by July 22 detailing future steps for regulatory frameworks and the criteria for a U.S. Digital Asset Stockpile.

A subsequent order, issued on March 6, was aimed at creating a U.S. Strategic Bitcoin Reserve, formed from the approximate 200,000 BTC (valued at $20 billion) already owned by the federal government, which was confiscated as part of criminal or civil proceedings, excluding those that need to be returned to crime victims. It demanded agencies to identify current crypto holdings by April 5 and assigned the Treasury with the task of evaluating legal and budget-neutral investment considerations to acquire additional bitcoin for the reserve by May 5. Both deadlines have passed with no public updates.

“Crypto market policy developments are a key under-appreciated catalyst,” remarked K33’s Head of Research Vetle Lunde and Senior Analyst David Zimmerman in a report released on Tuesday, adding “don’t overlook the executive orders.”

Although information regarding the executive orders remains limited, Trump’s contentious memecoin gala on May 22 and Vice President JD Vance’s keynote at Bitcoin 2025 on May 28 could provide some clarity on the matter, they suggested. “We believe the Strategic Bitcoin Reserve is currently undervalued by the market and anticipate information on this front to enforce robust BTC performance ahead,” stated Lunde and Zimmerman.

The K33 analysts have identified Bitfinex’s LEO token as a promising Strategic Bitcoin Reserve trade. They predict 94,636 BTC to be returned to Bitfinex from the U.S. government’s confiscated bitcoin — linked to the crypto exchange’s 2016 hack — with 75,700 of these coins to be used to buy and burn LEO.

LEO, the debt token issued by the exchange following the hack to compensate for customer losses, is currently trading at a marginal 0.15% discount to the net asset value for the first time since March 2024 after experiencing a collapse in premiums from 40% in the past month. The analysts view this as a potential buying opportunity, with the high likelihood of Bitfinex’s asset recovery positioning LEO for potential outperformance against BTC.

In addition, the analysts pointed out that bitcoin’s third surge above $100,000 has been met with subdued trading activity, as traders remain cautious and risk-averse. However, the placid price action at this level suggests a growing market acceptance, they argued, with noticeably less sell pressure than in previous breaks, indicating a bullish outlook.

The post Crypto Analysts Urge Attention to Executive Orders Prior to Trump’s Crypto Gala and Vance’s Bitcoin Keynote appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Just over a month ago, ETH experienced a sharp price drop to its lowest level in over a year, pegged at $1,400 on April 9. Although it showed some recovery in the following weeks, it faced challenges in confidently surpassing the $1,800 mark. This changed with the recent positive macro developments and the implementation of the Pectra upgrade, which led to a sharp increase in ETH’s price.

On a daily basis, ETH has shot up by nearly 9%. However, its weekly surge is even more remarkable – nearly 40%, pushing its price well beyond the psychological resistance of $2,500.

Other altcoins have followed in ETH’s footsteps with significant price gains. DOGE, for instance, has surged by over 16% and is currently trading above $0.24. ADA, AVAX, LINK, SHIB, HBAR, TON, and PEPE have also shown impressive growth. PI, UNI, and NEAR have recorded double-digit price increases over the past day, while LEO stands out as one of the few tokens in the red.

The total crypto market cap has swelled by an additional $70 billion and now stands at $3.470 trillion, according to CG.

While Bitcoin (BTC) remains green on a daily scale, its gains are less dramatic. BTC has seen a modest increase of less than 1% and is trading above $104,000, after being halted at $105,000 earlier. On a weekly scale, BTC has leaped by almost 9%, breaking the $100,000 barrier for the first time in over three months.

However, BTC’s dominance over the altcoins has experienced a significant decrease. The metric, which was as high as roughly 62% a few days ago, has dropped to under 60% as of now. Despite this, BTC’s market cap continues to rise and is currently pegged at $2.070 trillion on CG.

The post Ethereum (ETH) Rockets Over $2.5K as Altcoins Shine: Weekend Crypto Spotlight appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

SEALCOIN is making waves in the crypto universe by demonstrating its ground-breaking satellite-enabled IoT transactions using the WISeSat LEO Constellation. This pioneering feat is pushing the boundaries of IoT, facilitating secure, decentralized microtransactions that go beyond terrestrial limits.

With a -4.49% change in LAES, SEALCOIN’s innovative approach to the Internet of Things (IoT) is drawing attention across Europe and the globe. This endeavour by SEALCOIN is a testament to the endless possibilities of crypto technology when combined with satellite networks.

To keep up with the latest on this breakthrough, log in or create a free account to access the full news on GlobeNewswire.

The post SEALCOIN Pioneers IoT Transactions via WISeSat LEO Satellite Network appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.