The US Bureau of Economic Analysis (BEA) will release the PCE inflation report on March 28, measuring the inflation rate in the prices US consumers pay for goods and services.

Singapore-based digital asset firm QCP Group stated that the PCE data could be a key catalyst for Bitcoin and other risk assets.

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In a Telegram post, QCP Group said:

“As we approach Friday’s quarterly expiry, with the highest open interest in topside strikes above $100K, we don’t expect major volatility driven by options positioning alone. But attention will turn to the PCE inflation print, which could become the next key catalyst.”

April Has Historically Been a Strong Month for Bitcoin!

Bitcoin has averaged a 12.9% return in April, making it one of the strongest-performing months historically. CoinGlass data shows that April is among Bitcoin’s best months in terms of price gains.

Can Bitcoin Reach $110,000 Amid Easing Inflation Concerns?

BitMEX co-founder Arthur Hayes predicts that Bitcoin could first reach $110,000 before pulling back to $76,500.

Juan Pellicer, senior analyst at IntoTheBlock, noted that Bitcoin is showing strong signs of recovery, driven by institutional demand and significant investments.

“BTC is showing signs of recovery, driven by growing institutional interest and significant investments from large players. Additionally, the Federal Reserve’s recent monetary easing could further boost liquidity, favoring a price increase in the near term.”

Pellicer emphasized that while market volatility remains a risk, the overall momentum suggests that Bitcoin is more likely to hit the $110,000 target before any potential pullback.

Bitcoin is entering April, a historically strong month for its price performance. If US inflation data meets expectations and the Fed maintains its loose monetary policy, Bitcoin could soar to $110,000. However, global economic uncertainties could also lead to a potential correction down to $76,500.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Can Bitcoin Reach $110,000? US Inflation Data is Key! appeared first on Coin Engineer.

Bitcoin (BTC): Sharp Drop from 106,000$ to 91,000$!

Bitcoin had recently been in a strong uptrend. However, due to trade war fears, it suffered a nearly 15% drop from 106,000$ to 91,000$! Technical analysis indicates key levels following this decline:

• Support Level: 91,221$
• Resistance Level: 98,504$

The BTC/USDT chart suggests that investors are trying to hold the 90,000$ level, but selling pressure remains strong. If 91,221$ breaks, Bitcoin could decline further to 89,472$. However, if 98,504$ is surpassed, a recovery is possible.

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Ethereum (ETH): Drop from 3,200$ to 2,100$!

Ethereum followed Bitcoin, experiencing a sharp 37.5% drop from 3,200$ to 2,100$! This steep decline has worried investors, with chart analysis revealing crucial levels:

• Support Level: 2,455$
• Resistance Level: 3,026$

The ETH/BTC chart shows that Ethereum failed to break resistance levels, leading to deeper retracement. If 2,455$ does not hold, ETH could drop further to 2,000$. However, for a rebound, it must surpass 3,026$.

Bears Take Control of the Market!

According to recent chart analysis, bears have gained dominance, causing heavy losses for investors. The primary factor behind this downturn is the U.S. trade war escalation and additional tariffs, increasing market pressure. However, BTC and ETH holding their support levels raises the possibility of a potential recovery.

Ultimately, the crypto market is at a crucial turning point! Chart movements in the coming days will determine its direction. Investors should remain cautious and closely monitor market data.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Major Crypto Market Volatility: Critical Levels for BTC and ETH! appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has gained 0.12% in the last 24 hours and is currently trading at $93,833. Bitcoin (BTC) seems to have bounced off the previously identified $92,503 support. If it continues to rise, the key resistance level to watch is $94,703. The support levels are $93,138 and $92,503, respectively.

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Ethereum (ETH): The ETH/USDT pair has dropped 0.80% in the last 24 hours and is now trading at $3,386. For ETH, the resistance levels are $3,440 and $3,535, while the support levels stand at $3,290 and $3,217.

Bitget Token (BGB): The BGB/USDT pair has experienced a sharp drop of 15.98% over the last day, now trading at $5.70. Key resistance levels are $6.06 and $6.59, with support zones at $5.51 and $5.07 if the decline deepens.

Stacks (STX): The STX/USDT pair has declined by 0.92% over the past 24 hours and is trading at $1.553. Resistance can be found at $1.556 and $1.587, while the support levels are $1.443 and $1.357.

Celestia (TIA): The TIA/USDT pair has fallen by 1.68% in the last day and is currently trading at $4.76. Resistance zones are $4.95 and $5.18, with support levels at $4.62 and $4.36.

Trending Coins

The top trending coins in the last 24 hours include ai16z (AI16Z), PHNIX (PHNIX), and Virtuals Protocol (VIRTUAL). Among the top gainers are Zerebro (ZEREBRO), AI Rig Complex (ARC), and ai16z (AI16Z). Meanwhile, the top losers are PHALA (PHA), Tokenize Xchange (TKX), and Moca Network (MOCA).

Bitcoin Liquidation Map

Analyzing Bitcoin’s 12-hour liquidation map:

• On the upside, the largest visible liquidation stands at $95,268 with $40 million.
• On the downside, the key level is $93,364, also with $40 million in liquidations.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Latest on Bitcoin and Cryptocurrencies: December 31 appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has gained 0.55% in the last 24 hours, currently trading at $95,947. Bitcoin (BTC) has broken the resistance level mentioned in our November 27th analysis and is continuing its upward movement. If it keeps rising, it could face resistance in the FVG region, ranging from $96,500 to $98,000. A 4-hour closing above this level will push the price toward the ATH resistance zone. Key support levels are at $94,700 and $91,213.

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Ethereum (ETH): The ETH/USDT pair has lost 1.86% in the past 24 hours and is currently trading at $3,567. Resistance levels for ETH are at $3,649 and $3,886. Support levels are at $3,527 and $3,440.

Algorand (ALGO): The ALGO/USDT pair has surged by 20.37% in the last 24 hours, currently at $0.34. Resistance levels are at $0.36 and $0.39. Support levels are at $0.328, with deeper corrections possible at $0.31.

Artificial Superintelligence Alliance (FET): The FET/USDT pair has gained 10.71% in the last 24 hours, trading at $1.63. Resistance levels are at $1.71 and $1.74. Support levels are at $1.56, with further downside potential at $1.53.

Render (RENDER): The RENDER/USDT pair has increased by 7.47% in the past 24 hours, currently priced at $8.74. Resistance levels are at $8.96 and $9.33. Support levels are at $8.28, with a deeper drop possible at $7.46.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market include Hyperliquid (HYPE), Virtuals Protocol (VIRTUAL), and Grass (GRASS). The biggest gainers include ai16z (AI16Z), Virtuals Protocol (VIRTUAL), and Act I The AI Prophecy (ACT). The biggest losers are Just a chill guy (CHILLGUY), Fwog (FWOG), and Echelon Prime (PRIME).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the key liquidation level on the higher side is $97,844, with $31 million in liquidations. On the lower side, $94,827 is the main liquidation level, with $37 million in liquidations.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Current Status of Bitcoin and Cryptocurrencies: November 29 appeared first on Coin Engineer.

On late Monday, Bitcoin (BTC) experienced a rapid crash to as low as $8,900 on the BitMEX cryptocurrency exchange, while prices remained relatively stable above $60,000 on other exchanges.

The downward slide began at 22:40 UTC, and within just two minutes, Bitcoin’s price dropped to $8,900, marking its lowest point since early 2020 according to data from TradingView. However, the recovery was equally swift, with prices bouncing back to $67,000 by 22:50 UTC.

During this turbulent episode on BitMEX, Bitcoin’s global average price hovered around $67,400.

Some commentators on the social media platform X have alleged that the crash was triggered by whale selling. According to @syq, an individual sold over 850 BTC ($55.49 million) on BitMEX, causing the XBT/USDT spot pair to plunge to $8,900.

The BitMEX XBT index tracks Bitcoin’s price, while the XBT/USDT pair represents Bitcoin’s price denominated in Tether, the world’s leading dollar-pegged stablecoin.

Following the crash, BitMEX announced on social media that they are investigating the large sell orders.

“We initiated an investigation upon observing unusual activity on our BTC-USDT Spot Market. While all of our systems were functioning normally, we detected aggressive selling behavior involving a very small number of accounts that significantly deviated from expected market ranges.

We cannot provide details on specific user behavior or actions taken, but our investigation is ongoing,” BitMEX stated.

“The trading platform is functioning as usual, and all funds are secure,” BitMEX reassured.

You can present your own thoughts as comments about the topic. Moreover, you can follow us on Telegram and YouTube channels for this kind of news.

The post Bitcoin Flash Crashed to $8.9K on BitMEX appeared first on Coin Engineer.

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The post In Bitcoin ‘s Rise, A Total of 230 Million Dollars Was Liquidated appeared first on Coin Engineer.

The lateral movement in Bitcoin continues. In order for the rise to continue, we also need to see closes above the 36,000 level. Closes below the 33,800 level could signal a possible correction and retracement.

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The Latest Status in Cryptocurrencies – November 6

‣ Bitcoin (BTC) BTC/USD pair is trading at $35166 with a 0.31% increase. Resistance levels for BTC are in the range of $36000 – $39800, while support levels are in the range of $31000 – $30200.

‣ Ethereum (ETH) The ETH/USDT pair is trading at $1889 with a 0.23% decrease. Resistance levels for ETH are in the range of $1885 – $1960, while support levels are in the range of $1815 – $1789.

‣ Aptos (APT) The APT/USD pair is trading at $7.02 with a 1.88% increase. Resistance levels for APT are in the range of $7.82 – $8.74, while support levels are in the range of $6.64 – $6.02.

‣ Near (NEAR) The NEAR/USD pair is trading at $1.59 with a 2.64% decrease. Resistance levels for NEAR are in the range of $1.70 – $1.96, while support levels are in the range of $1.53 – $1.47.

‣ Avax (AVAX) The AVAX/USD pair is trading at $13.08 with a 5.85% increase. Resistance levels for AVAX are in the range of $14.89 – $16.00, while support levels are in the range of $12.72 – $11.27.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Latest Status in Cryptocurrencies! – November 6 appeared first on Coin Engineer.

Bitcoin maintaining above $35,000 on a daily basis is a positive signal. As long as we maintain the $34,000 level on daily basis, we hope that Bitcoin will continue to target $36,500 levels. We are aware that this situation also signals that positive movements can be expected for many altcoins.

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The Latest Status in Cryptocurrencies – November 5

‣ Bitcoin (BTC) BTC/USD pair is trading at 35171 dollars with a 0.06% increase as the article was written. Resistance levels for BTC are between 36000 dollars – 39800 dollars, while support levels are between 31000 dollars – 30200 dollars.

‣ Ethereum (ETH) ETH/USDT pair is trading at 1883 dollars with a 1.41% increase as the article was written. Resistance levels for ETH are between 1885 dollars – 1960 dollars, while support levels are between 1815 dollars – 1789 dollars.

‣ Binance Coin (BNB) BNB/USD pair is trading at 244.3 dollars with a 2.95% increase as the article was written. Resistance levels for BNB are between 250 dollars – 257 dollars, while support levels are between 240.9 dollars – 233.6 dollars.

‣ Waves (WAVES) WAVES/USD pair is trading at 1.95 dollars with a 4.22% increase as the article was written. Resistance levels for WAVES are between 1.98 dollars – 2.18 dollars, while support levels are between 1.84 dollars – 1.72 dollars.

‣ Arweave (AR) AR/USD pair is trading at 6.30 dollars with a 4.40% increase as the article was written. Resistance levels for AR are between 6.44 dollars – 7.11 dollars, while support levels are between 5.99 dollars – 5.51 dollars.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Latest Status in Cryptocurrencies! – November 5 appeared first on Coin Engineer.

Bitcoin is currently at a critical level. This area is seen as a key point in terms of whether the rise will continue or the correction movement will continue. If we see two 4-hour closes below $34,000, there could be a drop to $32,500. However, if it protects this area, it can rise up to $36,350 by gathering strength.

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The Latest Status in Cryptocurrencies – November 3

‣ Bitcoin (BTC) The BTC/USD pair is trading at $34,713 with a drop of 0.79% at the time of writing. The resistance levels for BTC are within the range of $36,000 – $39,800, while the support levels are within the range of $31,000 – $30,200.

‣ Ethereum (ETH) The ETH/USDT pair is trading at $1,800 with a decrease of 0.94% at the time of writing. The resistance levels for ETH are within the range of $1,885 – $1,960, while the support levels are within the range of $1,815 – $1,789.

‣ Solar (SXP) The SXP/USD pair is trading at $0.33 with an increase of 3.27% at the time of writing. The resistance levels for SXP are within the range of $0.35 – $0.38, while the support levels are within the range of $0.32 – $0.26.

‣ Near (NEAR) The NEAR/USD pair is trading at $1.47 with a decrease of 1.47% at the time of writing. The resistance levels for NEAR are within the range of $1.63 – $1.70, while the support levels are within the range of $1.44 – $1.33.

‣ Tomo (TOMO) The TOMO/USD pair is trading at $1.33 with a decrease of 18.07% at the time of writing. The resistance levels for TOMO are within the range of $1.53 – $1.67, while the support levels are within the range of $1.17 – $0.96.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post The Latest Status in Cryptocurrencies! – November 3 appeared first on Coin Engineer.

Related: ALL EXCHANGE GUIDES

As Coin Engineer, we reviewed the details of using the Toobit exchange, a next-generation crypto financial trading platform, for you.

1) Registration Process (Toobit)

From here, enter the registration page. Firstly, sign up with your email address or phone number, enter your password and referral code, and then select “I accept the service information and terms.” Click on Create Account and enter the verification code to complete the account registration.

Our registration link that you can use to register on the Toobit exchange

After logging in, let’s activate the verifications to increase the security of our account.

Security Settings: We recommend enabling two-factor authentication to increase your account security level, protect your assets, and trade smoothly on the platform. Go to [Security Settings] and enable any two security items from email, mobile phone, and Google verification.

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You can also continue with advanced settings, asset passwords, and phishing protection codes to further protect your account security. Definitely do not lose the asset password and phishing protection code you set. If you lose them, there will be a 24-hour withdrawal ban on your withdrawable balance after a password reset or phishing code reset.

Now, let’s proceed with KYC (identity verification) processes.

Go to [Identity Verification] for basic and advanced verification. After completing basic verification, you can withdraw money, trade fiat currency, and set up API. By completing advanced verification, you can increase your transaction limit.

2) Deposit – Withdrawal

Deposit: If you don’t have any assets in your Toobit account and need to transfer your assets from another exchange/wallet, enter [Assets] – [Spot Account], select [Deposit], choose the coins to be deposited, and copy the address. Pay attention to the quick information on the deposit page, and then you can deposit your digital assets.

Withdrawal: If you want to withdraw the coin in your Toobit account to other exchanges/wallets, go to [Assets] – [Spot Account], select [Withdraw], select the target coin, enter the recipient address and amount, and make the payment. However, pay attention to the notifications on this page, and then you can send your withdrawal request after review.

3) Spot Trading

If you already have cryptocurrency in your account and want to swap it with other currencies, you can place an order by going to the spot market. For example, the BTC/USDT trading pair can be understood as buying BTC with USDT or exchanging USDT with BTC.

4) Perpetual Futures

Bitcoin (BTC) and Tether (USDT) allow you to trade without an expiration date. You can profit from both rising and falling markets. To start, click on the [derivatives] option on the main page and select the [USDT Perpetual] or [Lite Perpetual] option. Then, choose the leverage you want to increase your potential earnings while managing risks. After that, enter your transaction details and execute your trades. Remember to be careful and start with an amount you can afford to lose.

5) Reward Center

You can also access coupons or different rewards you will earn from the Toobit exchange sections. To access it, click on the avatar in the top right corner of the main page and select “Reward Center”. Discover tasks, earn rewards, and take advantage of benefits that suit your interests. Furthermore, the most attractive reward is to deposit 100 USDT and earn 5 USDT.

You can present your own thoughts as comments about the topic. Moreover, you can follow us on Telegram and YouTube channels for this kind of news.

The post What is Toobit Exchange? How to use it? appeared first on Coin Engineer.