DeFI News by Thebittimes.Com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The Bitcoin price plunged 3% in the last 24 hours to trade at $94,204 as of 02:20 a.m. EST on trading volume that plunged 6% to $64.6 billion. This comes as the US Department of Justice (DOJ) was cleared to authorize the sale of about 69,370 Bitcoin that were seized from the Silk Road darknet marketplace. This stash is currently worth around $6.5 billion. 🇺🇸 US government cleared to sell 69,370 bitcoin worth $6.5 billion seized from Silk Road 😬 pic.twitter.com/mrkD6VWGDw — Ajay Kashyap (@EverythingAjay) January 9, 2025 Bitcoin Price Still Showing Signs Of A Bullish Rally The BTC price daily chart reflects a period of significant consolidation after a strong upward rally earlier in the year. The Bitcoin price recently tested a key support zone around $92,000–$94,000, holding up multiple times during pullbacks.  However, resistance at $101,000 (marked in orange) has kept the price in check, creating a well-defined range-bound structure, as...

The AI Companions price has surged 31% in the last 24 hours to trade at $0.1027 as of 7:15 a.m. EST, despite a 6% drop in trading volume to $5.9 million. AI Companions Price Gears Up For A Possible Bullish Rally The AIC price over a 4-hour timeframe reveals that it is contained within a bearish channel. This channel indicates a series of lower highs and lower lows, which suggests that the market has been in a downward trend for some time. The price has established a crucial support zone around $0.1013, with several tests indicating buyers stepping in to prevent further declines. If this sustained buying pressure continues, it could potentially lead to a reversal. AICUSD Analysis Source: Tradingview The 50 Simple Moving Average (SMA), currently at approximately $0.0953, acts as a dynamic resistance level. If the price approaches this SMA, it may struggle to break through without significant momentum. Additionally, the Relative Strength Index (RSI) sits at 60.98, indicati...

The Sui price surged 9.6% in the last 24 hours to trade at $1.51 as of 10:28 p.m. EST on trading volume that skyrocketed 34% to $928 million. SUI also soared 46% in the past week, a jump that made it the biggest gainer among major cryptos by market capitalization, according to Crypto Bubbles . Sui Price On A Sustained Bullish Rally The SUI/USDT price Analysis on the 4-hour chart shows that in August and early September, the Sui price bulls struggled to push the price above the $1.06 resistance. The $0.77 support allowed the price of Sui to form a double bottom pattern. In the last rounding bottom pattern, the bulls have used the support level to push the Sui price towards a sustained bullish rally. SUI price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as the immediate support levels at $1.179 and $0.095, respectively. The token trading above both the SMAs is also a confirmation of the bullish rally. Furthermore, the Relativ...