The sharp decline over the past two days has slowed, giving the market a temporary breather. This pause has provided cryptocurrencies a chance to regain momentum. However, a break below support could trigger another pullback toward $3.81 trillion. Investors are closely monitoring potential moves within this range. 

In the altcoin sector, a different picture emerged. According to Binance data, sharp movements were recorded. The biggest losers included SKALE (SKL), dropping 23.43%, followed by Juventus Fan Token (JUV) with a 12.96% loss, and EigenLayer (EIGEN) falling 9.37%. Syntropy (SXT) also fell 9.03%, while Arbitrum (ARB) declined 8.51%, and AS Roma Fan Token (ASR) dropped 8.24%. 

On the other hand, the top gainers were led by Measurable Data Token (MDT), soaring 47.06%. Alpine F1 Team Fan Token (ALPINE) followed with a strong 42.19% rise. Additionally, LATAM Airlines (LA) gained 28.34% and Porto Fan Token (PORTO) climbed 18.62%. 

Meanwhile, the industry saw significant developments. Gemini submitted an S-1 filing for an IPO on Nasdaq under the ticker GEMI, planned for 2025. Giants like Goldman Sachs, Morgan Stanley, and Citi are leading the process. At the same time, the U.S. Treasury’s OFAC sanctioned the ruble-pegged stablecoin A7A5 and its developer A7 LLC, targeting Russia’s attempts to bypass financial restrictions through crypto. 

Bitcoin Price at $117,500 Support 

Bitcoin is currently trading at $117,547. The $117,261 support line is a critical threshold. As long as this level holds, BTC maintains strong bullish momentum. 

The RSI indicator is in the positive zone, signaling buyer dominance. This opens the possibility of Bitcoin retesting $120,000. However, if selling pressure rises, the price could fall below $117,261. In such a scenario, losses toward $115,000 may accelerate. 

Ultimately, the market’s direction depends on whether key support levels hold. In the short term, these price moves will directly shape investor strategies. 

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The post Why Is the Crypto Market Falling? Biggest Losers Revealed! appeared first on Coin Engineer.

Paris Saint-Germain, a Pioneer in Digital Fan Experience

Club president Nasser Al-Khelaifi said in a statement, 

“Digital currencies are creating new opportunities in the sports world. Bitcoin investment is part of PSG’s innovative vision.” 

Additionally, the club’s CEO emphasized that this step will strengthen PSG’s global financial power. Par Helgosson, head of PSG’s Web3 and Metaverse department, stated that the club converted a portion of its cash reserves into Bitcoin in 2024 and still holds this position. Helgosson highlighted that PSG has made history as the first club in the sports world to adopt digital assets. PSG Labs is working on innovative areas such as NFT projects, fan tokens, metaverse experiences, and DAOs, creating new revenue models while enhancing fan engagement. 

Paris Saint-Germain Labs head Par Helgosson: 

“Last year, we added Bitcoin to our balance sheet. We allocated a portion of our fiat reserves to Bitcoin. And we still maintain that position. As one of the world’s biggest clubs, we are the largest player in the sports ecosystem to make this move.” 

Moreover, through PSG Labs, the club aims to support Web3 projects such as tokenization, DAOs, NFTs, stablecoins, and custody solutions. It also plans to take an active role in areas like blockchain games. This strategy targets PSG’s young, digitally-focused global fanbase. 

In February 2024, PSG became the first professional sports team to run a validator on the Chiliz blockchain. The club committed to using all validator rewards to buy back PSG fan tokens. Additionally, to support Web3 development, it organized stadium-based hackathons at Parc des Princes. 

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The post PSG Brings Football and Crypto Together with Bitcoin Move!  appeared first on Coin Engineer.