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Bitcoin Correction Phase Deepens; Support Around $27K-$30K

BTC will need to remain above $30,000 to avoid entering bear market territory.

Diperbarui 6 Mar 2023, 3.38 p.m. Diterbitkan 8 Jun 2021, 11.56 a.m. Diterjemahkan oleh AI
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Bitcoin (BTC) suffered a near-10% drop over the past 24-hours, fueled by talks of tighter U.S. monetary policy and China’s ongoing pressure on crypto miners. The world’s largest cryptocurrency by market value is still up about 11% year to date, although the uptrend has significantly weakened over the past few months.

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Resistance is strong around the $40,000 price level, which could keep sellers active towards lower support at $30,000. The next level of support is at $27,000 which could stabilize the current sell-off.

BTC was trading around $32,800 at the time of publication.

  • Bitcoin registered a series of lower price highs since April and is now oversold based on the daily relative strength index (RSI).
  • However, in a corrective phase, oversold conditions can remain in place for a while before a price recovery materializes.
  • Bitcoin will need to remain above $30,000 to avoid entering bear market territory, which is defined by extended period of drawdowns (percentage decline from peak to trough) greater than 30%.
  • The downward sloping 100-day moving average indicates trend weakness over the near-term. This means that price rises should remain limited until oversold signals appear on the weekly chart, which could occur later this month.
Chart shows BTC drawdown (percentage decline from peak to trough) currently around 40%, similar to the past bear market.
Chart shows BTC drawdown (percentage decline from peak to trough) currently around 40%, similar to the past bear market.

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Protocol Research: GoPlus Security

GP Basic Image

Что нужно знать:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out

(Christian Dubovan/Unsplash, modified by CoinDesk)

ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.

Что нужно знать:

  • A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
  • The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
  • The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.