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The last few weeks have been tough for crypto investors. Indeed, they have been marked by a prolonged market decline and a growing sense of distrust. $BTC , the engine of the sector, however, recorded a spectacular rebound. Thus, it surpassed $84,000 after having fallen to as low as $78,248. This turnaround raises an essential question: is this a true signal of recovery or just a mere bounce before a new phase of turbulence? In the shadow of this rise, major altcoins like Ethereum ($ETH ), Solana ($SOL ), and $XRP have experienced mixed performance. Some may take advantage of this to regain ground, while others remain under pressure. After several weeks marked by a continuous decline, Bitcoin has initiated a significant trend reversal and has risen above $84,000. On Friday, February 28, 2025, the first cryptocurrency recorded an increase of 6 %, a movement that follows a low of $78,248. This sudden surge has rekindled the interest of investors and analysts, with some even citing technical signals that suggest a lasting turnaround. The Relative Strength Index (RSI), often used to identify oversold or overbought zones, has played a key role in this dynamic. Thus, last week, the 14-day RSI fell below 30, a level that historically indicates an oversold market and potentially ready to bounce back. This technical signal has bolstered the confidence of buyers, who seized the opportunity to enter the market, thereby contributing to the price increase. Meanwhile, the fear and greed index, a barometer of investor sentiment, rose from 10 to 20 points, although it still remains in the extreme fear zone. These indicators reflect an improvement in market conditions, but they do not entirely eliminate the risks.

Here’s How Much Shiba Inu Must Rise to Still Turn a $1K Investment into $1M Shiba Inu (SHIB) has been one of the most popular and volatile cryptocurrencies in recent years. With its massive price swings, many investors have wondered how much SHIB needs to rise to turn a $1,000 investment into a whopping $1 million. To calculate this, we need to consider the current price of SHIB and the number of tokens that can be purchased with a $1,000 investment. Let's assume the current price of SHIB is around $0.000013. With a $1,000 investment, you could purchase approximately 76,923,076 SHIB tokens (1,000,000 / 0.000013). To turn this investment into $1 million, the price of SHIB would need to rise to around $0.013 (1,000,000 / 76,923,076). This represents a staggering increase of over 99,900% from the current price. While this may seem like an impossible task, it's essential to remember that SHIB has experienced similar price surges in the past. For example, in October 2021, SHIB's price rose from around $0.000006 to $0.000088, representing a gain of over 1,300% in just a few weeks. While past performance is not a guarantee of future success, it's clear that SHIB has the potential to experience massive price swings. If you're considering investing in SHIB, it's essential to do your own research, set realistic expectations, and never invest more than you can afford to lose. In conclusion, for a $1,000 investment in SHIB to turn into $1 million, the price would need to rise to around $0.013, representing an increase of over 99,900% from the current price. While this may seem like a daunting task, SHIB's history of volatility and massive price swings make it an exciting and potentially lucrative investment opportunity.

The popular Ethereum (ETH)-focused crypto wallet MetaMask plans to introduce native Bitcoin (BTC) and Solana (SOL) support in the coming months. MetaMask announced this week that Solana would be added in May, which represents the wallet’s first native non-Ethereum Virtual Machine (EVM) support. The project plans to add Bitcoin compatibility sometime in Q3. SOL defied a wavering crypto market on Friday and surged by 7.5%. The sixth-ranked crypto asset by market cap is trading at $147.49 at time of writing. MetaMask announced the new features amid a swelling user base. In a statement issued in February, the wallet’s developer Consensys said that the project’s monthly active users (MAU) rose from 19 million to more than 30 million between September 2023 and January 2024. That’s an increase of over 55%. The number of monthly active users nearly matches MetaMask’s historical high of 31.7 million recorded in January 2022. The wallet also recently inked a partnership with retail trading giant Robinhood that enables MetaMask users to purchase crypto assets directly within the wallet using Robinhood’s order engine. The U.S. Securities and Exchange Commission (SEC) also recently agreed to drop its lawsuit against Consensys after suing the blockchain software firm over MetaMask last year. The regulator had claimed the wallet acted as an unregistered securities broker.

TL;DR According to Ali Martinez, SHIB could find support at as low as $0.0000094. However, a breakout above $0.00001461 could trigger bullish momentum and a 230% price rally. SHIB’s Freefall Could Stop Here The meme coin sector has suffered painful losses following the overall crypto market crash in the past few days. The second-largest asset of that type – Shiba Inu (SHIB) – was among the worst affected, with its price plummeting by 16% weekly and 10% daily. SHIB Price, Source: CoinGecko Its market capitalization plunged below $7.7 billion, meaning the asset is now out of crypto’s top 20 club. As expected, the downtrend has negatively affected SHIB’s investors. According to IntoTheBlock’s data, the share of people sitting at paper losses has surged past 60%. One person touching upon SHIB’s recent performance was Ali Martinez. The analyst assumed that the price of the meme coin could decline to $0.000012 or $0.0000094 before finding support. The second level represents a 30% decline from the current rate. Another industry participant who chipped in on the matter was the X user Rose Premium Signals. They envisioned a bullish momentum if SHIB breaks above $0.00001461. The analyst predicted that reclaiming the target could lead to a price rally to as high as $0.00004401 (a 230% increase from the ongoing valuation). More Pain Ahead? Two important factors signal that SHIB bears might continue to prevail in the short term. The first is the reduced Shibarium activity. At the beginning of the month, Shiba Inu’s layer-2 scaling solution processed multi-million transactions on a daily scale, but in the past few weeks, this figure has shrunk substantially. This suggests decreased interest in the network’s applications, such as decentralized finance (DeFi), NFT projects, or gaming platforms. For its part, this could lower demand for SHIB tokens and reduce the buying pressure. The next factor is Shiba Inu’s burning mechanism. The burn rate has dropped by 16% in the last 24 hours, resulting in around 25 million tokens sent to a null address. The program’s ultimate goal is to reduce the tremendous circulating supply of SHIB, possibly making the asset more valuable via scarcity. However, stalled progress could hinder that mission. The post Shiba Inu (SHIB) Might Plunge by Another 30% Before Finding Support (Analyst) appeared first on CryptoPotato.

Bitcoin and most altcoins turned green on Saturday as investors focused on the inaugural crypto summit by President Donald Trump. Bitcoin rose to $85,000, 8.5% above its lowest level this week, while the total market cap of all cryptocurrencies rose to $2.8 trillion. At press time, Bitcoin was up 2.1% and trading at about $84,600 — up 2.1% Bitcoin price chart Some of the top-performing cryptocurrencies were Hedera Hashgraph, Celestia, Official Trump, Stellar Lumens, and Sonic, which rose by over 15%. Trump will host the first-ever summit focused on Bitcoin and other cryptocurrencies next Friday. It will likely feature officials from the Treasury Department and a team from the crypto and AI office that David Sacks and Bo Hines lead. 🛑 Who will attend❗ Top leaders in the crypto industry, including the heads of exchanges like Coinbase, Gemini, and Kraken will likely attend. Most of these leaders, including Tyler and Cameron Winklevoss, were some of the top Trump backers during the campaign. The other potential attendees are leaders of popular made-in-the-USA cryptocurrencies like Cardano’s Charles Hoskinson, Stellar’s Jed McCaleb, Ripple’s Brad Garlinghouse, and Ondo Finance’s Nathan Allman. Elon Musk, who is leading the Department of Government Efficiency or DOGE, will likely attend. He is a big crypto backer, with Tesla holding over 11,500 Bitcoins worth over $975 million. Also, Musk is evaluating how the US government may leverage blockchain technology to cut costs. The U.S. Securities and Exchange Commission, ever since Gary Gensler resigned as chair, has ended some litigations including those involving companies like Uniswap, Coinbase, and Gemini. As Trump considers a U.S. Bitcoin reserve, there is a likelihood that Bitcoin and other altcoins will rally ahead of this summit. While Trump has been pro-crypto, some of his policies have contributed to the recent weakness. The most notable one is tariffs on American imports, which critics say will lead to higher inflation and market volatility. $BTC $TRUMP $HBAR $TIA