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Bitcoin’s price is technically trading beneath the 200-day moving average. The coming major support level, according to Mayer Multiple, would be $66,000. Bitcoin price as of 8 March 2025 was $86,293.86, which is very much lower than its peak of $208,392.39 in May 2021. The analysis in this kind of modeling through the Mayer Multiple gives a critical understanding of the Bitcoin market conditions and up-front flexible models of support levels in a highly volatile crypto environment. Bitcoin, as the trend in price provides from the above chart, has shown crucial movements against the 200 days moving average. Recently, prices dipped below this moving average-a strong historical indicator of Bitcoin’s position in the market . As of the last figure, the 200-day moving average was at $83,187.75. This is a pivot point for Bitcoin that will signal possible turning inflections of price momentum. Looking back, it can be primarily said that the Mayer Multiple’s measurements of the oscillating function between 0.8 and 2.4 are now pegged at 0.8, which suggests near-oversold conditions. This means Bitcoin may be less-priced concerning its long-term course, positioning itself close to important support levels. Further, the past has shown that the value of the indicator reaching similar lows has usually preceded significant rebounds. Still, considering the present situation, caution still needs to be exercised since the market is uncertain. The Mayer Multiple serves to measure Bitcoin’s price against its 200-day moving average. Smaller readings for the Mayer Multiple often represent price discounts. A value below 1.0 on the Mayer Multiple, as is currently seen with the 0.8 reading of the oscillator, has historically indicated that Bitcoin is generally selling at a discount. The historical peak at 2.4 indicates that Bitcoin was in over-bought conditions from other rallies; for instance, the one from 2021. This time, with the reading of the oscillator standing at 0.8, the market could be heading to such recovery periods, yet still, a strong support of $66,000 must be passed for the continuation of upward momentum. Moreover, oscillating between green and red zones in the chart is highly suggestive of a tug of war between the buyers and sellers. The lower risk levels of the green zone underbought Bitcoin while the red zone is indicative of overbought conditions. Thus, Bitcoin is currently in a more favorable position, toward the green zone, indicating possible accumulation benefits. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Story Highlights • February 2025 saw a broad cryptocurrency market decline, with Bitcoin and Ethereum experiencing significant drops. • $XRP showed resilience, staging a notable 24-hour surge despite the downturn. • Analysts remain divided, predicting potential rallies or further declines, with key levels at $2.20 and $1.65. February 2025 was a brutal month for the crypto market, with prices taking a sharp dive. The total market value plunged 20.57%, dragging Bitcoin down 17.5%, Ethereum by 32.2%, and XRP by 29.3%. The worst of the crash came between February 24 and 26, when the market lost 12.42% in just two days. Bitcoin followed suit, dropping 12.48% amid three consecutive red candlesticks. However, XRP stood out from the crowd. While it dipped on February 24, it quickly rebounded the next day, signaling strength. In the past 24 hours, XRP has surged 8.4%, outpacing both Bitcoin and Ethereum. XRP Holds Strong as the Market Dips Yesterday, the total crypto market cap dropped to $2.55 trillion, with Bitcoin briefly falling below $80,000. Meanwhile, XRP touched a low of $1.95 but managed to close above the critical $2 support level. At the start of today, XRP traded around $2.14 and now stands at $2.19, up 2.33% from its opening price. Despite the rebound, analysts caution that a full recovery remains uncertain. Key Levels: Breakout or Consolidation? I believe $XRP must break above $2.20 to confirm a stronger rally. If it does, he predicts a rise to $2.40 or higher. However, $2.20 remains a key resistance level—if XRP fails to breach it, the market could see sideways movement instead. On the downside, if XRP loses the $2 support, further declines are possible. Dom also warns that if Bitcoin falls to $75,000, it could drag XRP lower. Key Levels to Watch • $2.20 – Critical resistance level; a breakout could fuel a strong rally. • $1.65 – Strong support level highlighted by analyst Ali Martinez, who notes that XRP remains in an upward price channel formed last year. Meanwhile, $XRP has already bottomed out. Using the Fibonacci retracement level, which suggests that XRP could now enter a fifth wave, a pattern that might push prices to $5 or even $8. What’s Next for XRP? XRP’s resilience in the face of a broader market downturn has traders watching closely. While analysts remain divided, the next major move depends on key support and resistance levels. If predictions hold true, XRP could be gearing up for a significant breakout—and the crypto world is watching.

California Attorney General Rob Bonta announced on March 10 that the state had taken decisive action against fraudulent cryptocurrency schemes by shutting down dozens of scam websites. The announcement details: In 2024, the California Department of Justice shut down 42 fraudulent websites that scammed innocent victims out of at least $6.5 million, with an average loss per victim of $146,306. These websites were used in “pig-butchering” scams, where victims were manipulated into investing in fake crypto platforms. Bonta stressed the need for continued vigilance, stating: “Scammers can use deception and emotional manipulation to take advantage of people looking for connection.” He credited the DOJ’s efforts and the Department of Financial Protection and Innovation (DFPI) for their collaboration in protecting consumers. DFPI Commissioner KC Mohseni underscored the agency’s commitment to helping consumers detect and avoid scams. “As crypto scams evolve, DFPI’s Crypto Scam Tracker helps empower consumers to stay vigilant,” he stated, emphasizing the importance of verifying website domains and avoiding fraudulent platforms. The DOJ also identified ten key warning signs of fake crypto websites, including impossible rates of return, missing contact information, stolen content, and grammatical errors. These red flags were developed through the DOJ’s Cybercrime Section in partnership with the DFPI to disrupt internet-based financial crimes targeting Californians. Pig-butchering scams typically begin with scammers contacting victims through text messages or social media, slowly gaining their trust before directing them to fraudulent investment sites. Victims are led to believe their investments are growing, often prompting them to invest even more. However, when they attempt to withdraw funds, they realize the site is fake, and their money is gone. Many victims hesitate to report the crime due to shame, but authorities urge them to come forward. Bonta warned Californians to stay cautious: “Do not send money to anyone you have never met in person.” Officials encourage victims to report scams to law enforcement, the DOJ, DFPI, or the FBI’s Internet Crime Complaint Center. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

The $ELX price stabilization and potential rebound are topics of interest. While there isn't specific information on $ELX, we can look at general market trends and factors that influence cryptocurrency prices. Market Trends Recently, stock indexes have experienced a rebound, with 5-day returns up to +5.5% for U.S. stock markets ¹. This rebound is accompanied by a decline in commodities, including energy markets and grains, which can be seen as a positive sign given the current inflation situation. Factors Influencing Cryptocurrency Prices Several factors can contribute to a potential rebound in cryptocurrency prices: - *Market Sentiment*: Investor attitudes and perceptions can significantly impact cryptocurrency prices. - *Adoption and Use Cases*: Growing adoption and use cases for a cryptocurrency can increase demand and drive up prices. - *Regulatory Environment*: Changes in regulations or laws governing cryptocurrencies can affect prices. - *Competition*: The rise of competing cryptocurrencies can challenge a cryptocurrency's market position and price. Conclusion While there is no specific information on $ELX, understanding general market trends and factors that influence cryptocurrency prices can provide valuable insights. Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always conduct thorough research and consult with financial experts before making investment decisions.

Robert Sasu, a core developer of multiversX, recently likened CBDCs to a “constant colonoscopy.” He argued that they represent control rather than freedom. Sasu emphasized that politicians, who value their privacy by using cash, are ironically promoting CBDCs for the public . He supports blockchain and cryptography-powered stablecoins, asserting they restore financial freedom and ownership rights. These digital assets, running on scalable chains, offer faster, easier, and instant settlements without centralized control. However, Sasu doubts the European Union (EU) will adopt this approach, suggesting that leadership must change to prioritize freedom. CTO Larsson also critiqued the EU’s stance, highlighting its initial attempts to regulate crypto. This, according to him, inadvertently led to the dominance of USD-backed stablecoins, capturing 97% of the market. In response, the EU is now considering CBDCs as a countermeasure. In a comical way, Larsson likened using stablecoins to savoring red wine and French baguettes, while comparing CBDCs to having a colonoscopy. Although they both have comparable functions, stablecoins are easier to use. With Carney’s win in leadership, he took over as Prime Minister of Canada from Justin Trudeau. Carney worked as a governor of the Bank of Canada and the Bank of England. Carney has been a vocal critic of cryptocurrencies, specifically Bitcoin. He earlier rejected Bitcoin’s limited supply , claiming it would cause deflationary economic impacts. In addition, he had doubts regarding stablecoins due to concerns over centralized power within technology companies. Carney instead advocated for CBDCs, arguing they promote financial security and system efficiency. He emphasized that stablecoins could fragment monetary liquidity, undermining the core role of money. While Carney’s past statements suggest a cautious approach to digital assets , his current policy direction remains uncertain. Global trends may influence his stance. However, his leadership may signal a preference for regulated financial systems, favoring CBDCs over decentralized cryptocurrencies. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.