XRP has had a challenging start to 2026, with the price hovering around $1.34 after a slight pullback in the past week.

But despite this short-term weakness, sentiment around the cryptocurrency is showing signs of resilience.

Dormant liquidity signals opportunity

One of the most interesting trends in XRP is the large amount of dormant liquidity on the XRP Ledger.

According to Anodos Finance Co-founder and CEO Panos Mekras, billions of XRP are currently inactive, sitting idle in wallets rather than being used for transactions or payments.

This idle liquidity represents a significant untapped resource. If activated, it could fuel broader adoption of XRP for everyday payments and merchant transactions.

Notably, the introduction of stablecoin initiatives on the ledger is helping bridge this gap.

By pairing XRP with dollar-pegged assets, the ecosystem aims to make it easier for people to use crypto in daily life without worrying about volatility.

Developers are also working on tools like self-custodial cards and super apps that allow XRP to be spent directly, and this could accelerate the transition of XRP from a trading asset to a practical financial instrument.

Long-term confidence from Ripple leadership

Ripple’s CEO, Brad Garlinghouse, has shared a very optimistic long-term view.

Speaking at the XRP Australia 2026 conference, Garlinghouse emphasised that investors who are patient and focus on blockchain adoption trends could be very happy over the next five years.

The message is clear: XRP’s value isn’t just tied to short-term price swings.

Institutional adoption and incremental progress in financial infrastructure are expected to play a bigger role in determining its trajectory.

The broader trend in the crypto market also supports this outlook since, as more institutions explore blockchain technology and tokenisation, the potential for XRP to be integrated into financial systems continues to grow.

Current XRP market dynamics

Technically, XRP is in a phase of consolidation.

The price has recently fallen below short-term trendlines and key moving averages, indicating a cautious market mood.

Bearish momentum in the immediate term is evident, with resistance forming near $1.38 and stronger resistance around $1.40 to $1.45.

On the downside, support levels are clustered around $1.33 and $1.31, with a deeper buffer near $1.20 if selling pressure increases.

Also, unrealised losses for holders are notable, with a substantial portion of XRP bought above the current price.

This shows that many investors are underwater, which can create volatility if panic selling occurs.

At the same time, the ecosystem’s latent potential, such as dormant liquidity being activated for real-world payments, adds a positive long-term narrative.

XRP price outlook

XRP is balancing between short-term consolidation and long-term potential.

For traders, the immediate support lies at $1.33 and $1.31.

Breaking below these could expose XRP to a drop toward the $1.20 structural support area.

On the upside, reclaiming $1.38 could signal a short-term recovery, with $1.40 to $1.45 acting as the next target zone.

A strong move past these levels could open the path toward $1.80 and even the $2.00 psychological barrier.

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XRP price outlook as Ripple CEO predicts strong year ahead

Source: https://coinjournal.net/news/xrp-price-outlook-as-ripple-ceo-predicts-strong-year-ahead/ ***

The Ethereum price is struggling to hold above the $2,000 mark amid mixed signals from technical indicators, derivatives markets, and on-chain activity.

The ETH price has slipped back toward the mid $1,900 range after briefly attempting a recovery above $2,000.

This highlights how fragile the current rebound remains despite signs of stabilisation following February’s sharp sell-off.

While the latest bounce helped Ethereum avoid deeper losses, the broader trend still leans bearish as long as the price remains trapped below $2,000.

Ethereum price outlook remains fragile

From a technical standpoint, Ethereum continues to trade within a descending channel that has defined the market for several months.

The ETH price also sits well below its major moving averages, which are still pointing downward and reinforcing the broader bearish trend.

This setup suggests that the recent recovery may be nothing more than a temporary relief rally rather than the start of a sustained reversal.

Also, on shorter timeframes, Ethereum recently attempted to break through the $2,150 region but faced immediate rejection.

That rejection created another lower high, confirming that sellers remain active whenever the price approaches resistance.

Momentum indicators also reflect the cautious tone currently dominating the market, with the Relative Strength Index (RSI) sitting below the neutral 50 level, which signals weak bullish momentum.

At the same time, the MACD indicator has begun to soften after a short-lived bullish phase, showing that buying pressure is fading.

Exchange flows and derivatives activity paint a mixed picture

Despite the weak technical structure, some on-chain signals suggest that long-term investors are still accumulating Ethereum.

Exchange flow data shows that more ETH is leaving crypto exchanges than entering them.

The net outflows indicate that investors are moving coins into private wallets rather than preparing them for immediate sale.

This behaviour often appears during accumulation phases when holders expect prices to rise over time.

However, the derivatives market is sending a very different message.

Funding rates across perpetual futures markets have surged sharply into positive values from heavily negative values as traders piled into leveraged positions.

Such a rapid increase in leverage shows that market participants are becoming more aggressive with their directional bets.

High leverage can create unstable conditions because even modest price movements can trigger large liquidation cascades.

Key Ethereum price levels to watch this week

From the technical outlook, the Ethereum price is now approaching a critical moment as it trades just above several important support levels.

The first support that traders should watch sits around $1,900, which marks a recent reaction low.

If the ETH price slips below that level, analysts note that the attention would quickly shift toward the $1,800 zone, which has acted as a strong floor since February and currently represents one of the most important supports on the chart.

A breakdown below $1,900 could open the door for a deeper correction and potentially push Ethereum toward the lower boundary of its broader descending channel near $1,776.

On the upside, the first resistance zone appears between $2,027 and $2,050.

A break above that region would suggest that buyers are regaining some momentum.

Beyond that level, the market will likely focus on the $2,138 to $2,150 area, which represents a major technical barrier within the current channel structure.

A decisive breakout above that ceiling could shift sentiment and allow Ethereum to aim for the next resistance near $2,380.

Until such a breakout occurs, however, the Ethereum price is likely to remain stuck between support near $1,800 and resistance near $2,150 as traders wait for the next decisive move.

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Ethereum price prediction as ETH teeters below $2,000

Source: https://coinjournal.net/news/ethereum-price-prediction-as-eth-teeters-below-2000/

The price of Cardano’s ADA token has remained unmoved even after 137 SPAR supermarkets across Switzerland announced they now accept Cardano (ADA) as a payment method, giving the cryptocurrency a new real-world utility.

The integration, powered by a payment system that connects Cardano’s blockchain to everyday retail checkouts, allows SPAR customers to pay directly from their wallets, without converting to traditional currencies.

You can now pay with $ADA at 137 SPAR stores across Switzerland.

In partnership with @DFX_swiss and @BrickTowers, we are helping bring blockchain into everyday commerce through real-time, low-cost retail payments.

Read the full press release: https://t.co/gvYRHclp4F

— Cardano Foundation (@Cardano_CF) March 5, 2026

Cardano’s ADA token remains unmoved

This move marks a significant step toward mainstream adoption of ADA.

For many cryptocurrencies, being used in everyday retail has been a distant goal, and Cardano now joins a small group of digital assets being used at physical stores.

However, despite this positive development, ADA’s market performance has remained relatively stagnant.

At press time, the cryptocurrency was trading around $0.272, down 1.3% over the last 24 hours.

Cardano price technical analysis

From a technical standpoint, momentum indicators provide a mixed picture.

The Relative Strength Index (RSI) is recovering from oversold territory but remains below neutral, suggesting buyers have yet to assert dominance.

The Moving Average Convergence Divergence (MACD) indicator readings are flat, signalling a lack of strong bullish or bearish momentum.

Derivatives markets indicate a cautious stance, with long-to-short ratios below one and declining futures participation, hinting that traders are leaning toward a defensive approach rather than aggressive buying.

On-chain activity also shows more coins are being moved, a signal that holders may be redistributing or taking profits.

Combined with modest daily losses, this data suggests that ADA’s recent rebound is not yet convincing enough to trigger a larger market rally.

ADA price forecast

While Cardano’s integration into 137 Swiss SPAR stores is a landmark moment for adoption, the market has yet to respond.

Technical levels suggest that ADA remains range-bound, and traders should be looking for decisive moves either above the immediate resistance or below the immediate support to determine the next trend.

Notably, a descending trendline has been forming, with $0.28 currently acting as the immediate resistance point.

Therefore, a breakout above this level with sustained volume could open the path toward $0.32, where stronger resistance aligns with clustered moving averages.

On the downside, a clear break under $0.26 could bring the $0.24 level into play.

Falling below that could accelerate selling and bring prices closer to $0.21, echoing recent technical warnings about potential downside.

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ADA price stuck near $0.27 despite SPAR payment integration

Source: https://coinjournal.net/news/ada-price-stuck-near-0-27-despite-spar-payment-integration/

Dogecoin has taken a noticeable hit in recent days, with prices dipping amid global uncertainty triggered by the Iran war.

The popular memecoin, which once soared to unprecedented highs, now trades around $0.092, down slightly from its recent weekly levels.

While the price dip is noticeable, technical indicators suggest that the digital asset may be finding its footing, ready for a comeback.

Technical signals point to recovery

Several technical indicators suggest that Dogecoin may be preparing for a rebound.

To start with, $0.088 has turned into a key support zone after holding firm multiple times over the past month.

As a result, this level appears to have attracted buying interest, preventing further downward pressure.

A double bottom pattern has also formed on shorter timeframes, signalling a potential reversal.

In addition, the relative strength index (RSI) shows a bullish divergence, suggesting that selling momentum may be waning.

Open interest in DOGE futures has also spiked, indicating heightened market participation and renewed investor attention.

These signs collectively point to a possible relief rally in the short term, even as the broader market remains cautious.

But despite the rebound signals, Dogecoin price faces a major hurdle near $0.10, a level it needs to surpass to confirm any upward momentum.

Should DOGE clear this barrier, it may test the next key resistance zones, but any significant rally will still contend with structural challenges like its infinite supply and lack of much real-world use cases.

Balancing speculation and fundamentals

While technical patterns are encouraging, Dogecoin’s fundamentals present a more cautious picture.

Its unlimited token supply continues to dilute value over time, making dramatic long-term price increases unlikely without substantial adoption.

Unlike other cryptocurrencies that benefit from scarcity, DOGE relies heavily on community support and speculative trading.

Its all-time high (ATH) of $0.73 recorded in 2021 remains far off, emphasising the challenges the coin faces.

Despite this, short-term momentum is undeniable, especially seeing that social interest in the coin has picked up over the past few days, coinciding with relief rallies in the past.

For now, while structural limitations and the uncertain macro environment suggest that investors should temper expectations, DOGE seems to be stabilising, offering cautious optimism for those tracking the memecoin closely.

The post Dogecoin shows rebound signs despite taking a hit following Iran war appeared first on CoinJournal.

Dogecoin shows rebound signs despite taking a hit following Iran war

Source: https://coinjournal.net/news/dogecoin-shows-rebound-signs-despite-taking-a-hit-following-iran-war/

Ethereum has climbed above the $2,100 after a strong daily rally that pushed the asset higher amid renewed interest in derivatives markets.

The move follows a period of consolidation that had kept the price trapped near the $2,000 level for several sessions.

The surge has now placed the $2,500 region firmly on the radar of short-term traders.

At the same time, comments from Vitalik Buterin about the future direction of the network have sparked fresh discussion across the ecosystem.

Open interest spike signals renewed trader activity

One of the strongest signals behind the recent price jump is the sharp rise in derivatives market activity.

Open interest (OI) in Ethereum futures has climbed significantly in recent weeks as traders increase their exposure to the asset.

The open interest reflects the total number of active futures contracts and often rises when new money enters the market.

The latest spike indicates that traders are positioning for larger price swings in the coming sessions.

Besides the increase in open interest, short liquidations also played a key role in the rally that pushed Ethereum above $2,100.

When bearish traders are forced to close positions, they must buy back the asset, which can quickly accelerate upward momentum.

This chain reaction tends to create sudden bursts of volatility that drive prices higher within a short time frame.

However, derivatives data still shows mixed sentiment among traders, with funding rates shifting between positive and negative levels, suggesting that the market remains divided on the next direction.

Ethereum supply tightens as investors withdraw coins

Another factor supporting the recent recovery is a notable decline in the amount of Ethereum held on centralised exchanges.

According to data obtained from CryptoQuant, Large amounts of ETH have been moved away from trading platforms over the past month.

These withdrawals from crypto exchanges often indicate that investors intend to hold their assets for a longer period rather than sell them immediately.

When coins leave exchanges, the amount available for instant trading becomes smaller.

This shift can create tighter supply conditions, especially if demand begins to increase at the same time.

On-chain data also shows that large investors have continued to accumulate Ethereum during recent market weakness.

This trend suggests that some market participants view current prices as attractive entry levels.

Such accumulation can help stabilise the market during periods of volatility.

Ethereum technical analysis place $2,500 in focus

From a technical perspective, Ethereum’s price is currently trading between key support and resistance zones.

The $2,023 region has emerged as an important short-term support level based on recent price movements.

A break below that zone could expose the market to further downside toward the $1,901 support area.

On the upside, the $2,175 level has repeatedly acted as immediate resistance.

A sustained move above this barrier could open the door for a rally toward the next resistance near $2,396.

If buying pressure remains strong, the market may then shift its focus toward the $2,525 region.

This level sits close to the psychological $2,500 mark that many traders are watching.

A decisive breakout above this area would signal a stronger bullish trend forming in the short term.

Vitalik Buterin says, “Ethereum needs to scale”

Beyond the price charts, discussion around Ethereum’s long-term direction has intensified following recent comments from Vitalik Buterin.

The Ethereum co-founder has emphasised the importance of developing what he described as “sanctuary” technology within the ecosystem.

This concept centres on strengthening decentralisation and ensuring that Ethereum remains a secure and neutral platform.

Buterin also highlighted concerns that some scaling solutions are drifting away from Ethereum’s core security model.

His remarks have sparked debate about how the network should evolve as demand continues to grow.

Some observers believe these discussions could influence how developers approach future upgrades and scaling strategies.

The post Ethereum price prediction: $2,500 in focus as OI spike amid Vitalik’s calls for scaling appeared first on CoinJournal.

Ethereum price prediction: $2,500 in focus as OI spike amid Vitalik’s calls for scaling

Source: https://coinjournal.net/news/ethereum-price-prediction-2500-in-focus-as-oi-spike-amid-vitaliks-calls-for-scaling/

Kyber Network Crystal (KNC) has jumped by nearly 24% to trade around the $0.16 level at press time.

This move stands out in a market that has otherwise struggled for direction.

While many large-cap cryptocurrencies, including Bitcoin (BTC), posted losses, KNC moved higher with strong conviction, and the rally has drawn attention from traders who are now asking what is really driving the price higher.

Heavy trading activity fueling KNC’s price rally

One of the clearest drivers behind the surge is a dramatic increase in trading activity.

KNC’s 24-hour trading volume has exploded by more than 900%, pushing turnover to levels rarely seen in recent months.

Such a sharp rise in volume often signals aggressive short-term participation from traders looking to capitalise on momentum.

This also explains why the price moved largely independently of BTC, which has declined over the same period.

When volume expands this quickly, even modest buying pressure can translate into outsized price moves, and that appears to be exactly what happened with KNC.

Product updates add to positive sentiment

Although no single announcement directly triggered today’s price spike, Kyber Network has been quietly rolling out updates that have helped improve sentiment around the project.

Kyber Network recently highlighted expanded cross-chain functionality on its flagship product, KyberSwap.

As a result, users can now swap assets across 25 different blockchains using liquidity from eight providers in a single transaction.

This kind of convenience strengthens Kyber’s position in an increasingly competitive DeFi landscape.

The team has also introduced a new feature called Smart Exit on Kyber Earn.

Smart Exit allows liquidity providers to automate how and when they exit positions.

Instead of constantly monitoring charts, users can set predefined conditions for profit-taking, risk management, or time-based exits.

The feature is already live on Base and BNB Chain, with more networks expected to follow.

In parallel, Kyber has continued to form new ecosystem partnerships.

A recent integration with Vaultedge brought the USDVE asset onto KyberSwap, unlocking deeper liquidity and improved routing.

Another upcoming integration with Supernova is expected to further expand Kyber’s liquidity reach.

While these updates did not directly cause today’s spike, they help explain why traders are willing to speculate on upside.

Kyber Network Crystal price forecast

From a technical analysis standpoint, the KNC price has broken above its 30-day simple moving average near $0.148.

This level had acted as a cap for weeks, and clearing it helps reinforce bullish sentiment.

Moving ahead, the $0.148 zone has now become the most important support to watch in the near term.

Holding above this level would suggest that the recent breakout remains intact.

If buyers maintain control, KNC could attempt a push toward resistance around $0.175, and a clean break above that area may open the door to further upside.

On the downside, failure to hold $0.148, especially if trading volume contracts sharply, could trigger a quick pullback.

In that scenario, the next area of interest sits near $0.135, where buyers may look to step back in.

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Kyber Network Crystal cryptocurrency up over 23%: here’s why the KNC price is rising

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Bitcoin (BTC) has slipped below the $66,000 mark as global markets react to escalating tensions in the Middle East.

The rising conflict between Iran, the US, and Israel has prompted a wave of uncertainty that is affecting risk assets, including cryptocurrencies.

Bitcoin, in particular, is showing sharp intraday swings in response to news developments.

Early trading saw BTC fall as low as $63,000 before it recovered to above $65,000.

This volatility reflects a mix of geopolitical fear and active liquidations in the derivatives market, with more than $130 million in long positions being forced to close and amplifying the downward pressure on the cryptocurrency.

The US, Israel, Iran war has sent shockwaves across markets

The current situation in the Middle East has made investors jittery.

Traditionally, Bitcoin has sometimes been viewed as a hedge during global crises, but recent behaviour shows it acting more like a risk asset.

Notably, Bitcoin’s price has been moving in close correlation with equities, particularly major stock indices, rather than holding steady in turbulent times.

Gold and oil, however, have seen upward movements, with oil prices surging amid anticipation of supply disruptions.

The price of Gold has also climbed modestly, reflecting its traditional safe-haven status.

These shifts indicate that money is flowing away from riskier assets like Bitcoin and toward instruments perceived as more stable during geopolitical stress.

Long-term BTC holders, however, are showing resilience.

After the initial sell-off, many investors took the opportunity to buy at lower levels, which contributed to a partial recovery.

This has prevented Bitcoin from falling as sharply as some other risk assets, demonstrating that there is still significant support at levels around $65,000.

Institutional demand weakens

US-listed spot bitcoin and ether exchange-traded funds have recorded sustained outflows over the past four months, pointing to a sharp cooling in institutional participation in digital assets.

Investors withdrew $6.39 billion from bitcoin ETFs during the period, the longest continuous monthly decline since the products launched in January 2024, according to SoSoValue data.

Ether ETFs also saw $2.76 billion in outflows.

The retreat coincided with a steep fall in token prices, with bitcoin dropping from above $126,000 in early October, while ether has fallen more than 60% from its August highs near $4,950.

Spot ETFs had previously served as a visible channel for institutional inflows after their debut and following pro-crypto political developments in 2024.

However, demand weakened after the October market downturn, reportedly linked to pricing inefficiencies on offshore exchange Binance.

Although recent sessions have seen intermittent inflows, analysts say a consistent return of capital is required for a durable recovery.

What this means for Bitcoin going forward

Traders should expect more volatility in the short term since Bitcoin is sensitive to headlines, and any further escalation in the Middle East could trigger additional sharp movements.

Traders should keep a close eye on the technical support level near $63,000, while resistance around $68,000 to $70,000 remains a key target for recovery.

Also, besides the Middle East war, monetary policy may also play a role in the next BTC price movements.

If central banks respond to the conflict with interest rate adjustments or liquidity measures, Bitcoin could benefit indirectly.

Historical trends suggest that geopolitical crises followed by rate cuts or monetary easing often support risk assets, and cryptocurrencies could be no exception.

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Bitcoin price drops below $66k as Iran conflict escalates: Here’s what to expect

Source: https://coinjournal.net/news/bitcoin-price-drops-below-66k-as-iran-conflict-escalates-heres-what-to-expect/ ***

OKB token remains under pressure despite OKX crypto exchange unveiling an upgrade to its OnchainOS infrastructure that introduces an AI toolkit built for developers.

The new system is designed to help autonomous agents interact directly with blockchain networks.

This will allow developers to plug AI models into wallet functions, trading routes, and market data feeds without building everything from scratch.

While the move aims at making OKX the backend layer for AI-driven crypto execution, the excitement around the product has not translated into a clear recovery for its native token, OKB.

At press time, the OKB token was trading at around $75.88, after a modest 24-hour decline of 0.3%.

Even though the altcoin remains far above its early-cycle lows, it has fallen more than 60% over the past year and its all-time high of $255.50, reached in August 2025, still looms large above the current price.

Technical analysis shows OKB in consolidation

From a technical standpoint, OKB is trading in a narrow range, although it appears to closely mirror Bitcoin’s price movements, which means broader market sentiment remains a critical factor.

Recent OKB price movements show that the cryptocurrency is consolidating rather than trending.

The Relative Strength Index (RSI), though having bounced from an oversold condition, is still sitting close to the oversold region at 39.74 at press time.

In case of a bullish breakout, the immediate resistance sits near the 7-day simple moving average at $76.657.

On the downside, the 61.8% Fibonacci retracement level at $73.31 has served as key support, with a second support zone near $72.62 based on recent price action.

These two levels create a support band that traders should closely watch if the market breaks down from the current consolidation.

If that support band fails, historical data points to $68.05 as the next area where buyers previously stepped in.

OKB token price prediction

While the AI toolkit gives OKX a compelling long-term story, OKB’s price action suggests traders want proof of impact before bidding the token higher.

The near-term price outlook for OKB remains neutral unless a decisive breakout occurs.

A strong move above $76.77, supported by higher trading volume, would be the first signal of short-term strength.

If buyers push the price above the $82.47 resistance, momentum could expand.

Historically, sustained trading above $82.47 has paved the way for $93.50, according to CoinLore.

Beyond that level, the next resistance to monitor would be $104.84.

But if bears outweigh bulls, a drop below $73.31 and $72.62 would weaken the current structure.

Such a move would likely expose the token to a retest of $68.05.

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OKB token still under pressure even as OKX introduces AI toolkit for developers

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Cardano (ADA) has seen its price dip below the $0.27 mark, continuing a recent streak of selling pressure.

The cryptocurrency is currently trading around $0.2646, down nearly 3% over the past 24 hours.

Bitcoin-denominated value has also decreased, reflecting broader market weakness.

Notably, this decline comes as ADA battles multiple resistance levels while trying to hold its long-term support near $0.28.

Charles Hoskinson’s statement about the CLARITY Act

Adding to market uncertainty, Charles Hoskinson, founder of Cardano, has publicly criticised the CLARITY Act.

While some executives see regulatory clarity as a positive step, Hoskinson’s stance highlights concerns that the CLARITY Act may inadvertently hinder growth and limit competition within the American crypto market.

Hoskinson called the proposed legislation “horrific” and warned it could stifle innovation in the cryptocurrency space.

Hoskinson argues that the bill would categorise most digital assets as securities by default.

He believes this framework could give regulators excessive power and place unnecessary burdens on future crypto projects.

According to him, while established networks may be grandfathered in, new developers could be forced to operate abroad to avoid restrictive US rules.

On-chain shows whales offloading ADA holdings

On-chain data from Santiment confirms that whale activity has also been a significant factor in ADA’s recent price movements.

Both mid-tier and large holders have reduced their exposure, creating a supply surge that the market has struggled to absorb.

At the same time, futures markets indicate negative funding rates, showing that bearish sentiment dominates derivatives trading.

Retail investors attempting to buy the dip have been unable to counterbalance these outsized moves.

Cardano Price Outlook

For traders and investors, several levels are crucial to watch.

The immediate resistance lies near $0.29 to $0.30, reinforced by descending trendlines and moving averages.

Breaking above this zone could open the door for a short-term recovery.

On the downside, Cardano’s historical price context shows that the $0.28 region is a critical support zone.

This level has repeatedly acted as a floor in past downtrends, making it a key point to monitor.

Failure to hold $0.28 would expose the next support around $0.25, with deeper levels near $0.24 if selling continues.

A break below these points could signal a continuation of the downtrend and test historical lows around $0.21 to $0.18.

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Cardano (ADA) price dips below $0.27 as Hoskinson calls CLARITY act a ‘horrific’ bill

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Starknet is gearing up for a major move in the decentralised finance (DeFi) space with the upcoming launch of strkBTC, a Bitcoin-based asset designed to bring privacy and confidentiality to transactions on its Layer-2 network.

According to a press release by Starknet, the new asset will allow users to transact Bitcoin within DeFi without exposing balances or counterparties.

It is built with shielded transfers in mind, giving users the flexibility to maintain privacy while interacting with the DeFi ecosystem.

strkBTC will be issued deterministically from verifiable Bitcoin deposits, meaning that the minting process does not rely on discretionary control.

This ensures that the token’s supply mirrors actual Bitcoin deposits on the network, creating a transparent and verifiable foundation for its use.

Users can choose between public and shielded modes, enabling confidential transactions while still preserving regulatory compliance.

This is achieved through selective disclosure mechanisms, which allow necessary audits without exposing the broader network activity.

The launch of strkBTC is part of Starknet’s strategy to increase Bitcoin adoption in DeFi while addressing concerns that have historically held back institutional participation.

By combining privacy, composability, and auditability, Starknet aims to attract both retail and institutional users to its ecosystem.

Starknet (STRK) market reaction

Starknet’s native token, STRK, has been under significant pressure in recent months.

The token has dropped roughly 70% over the past 90 days, reflecting a broader trend in cryptocurrency markets.

Its current price sits near $0.042, with a 24-hour decline of over 8%.

However, market activity remains moderate, with a 24-hour trading volume of around $52 million and a total value locked (TVL) on the network of roughly $446 million.

The upcoming strkBTC launch may provide a catalyst for renewed interest.

The introduction of a privacy-focused Bitcoin asset could enhance the utility of the Starknet network and increase demand for STRK as a governance and utility token.

In addition, STRK’s performance is closely tied to Bitcoin’s price movements, and the stabilisation of BTC above $66,000 could help STRK consolidate in the range of $0.04 to $0.045.

On the other hand, a sustained move below $0.04 may see the STRK token test the $0.035 support zone.

Investors should also keep an eye on broader market sentiment indicators, such as the Fear & Greed Index.

Historically, movements out of extreme fear have preceded market rebounds, suggesting that even in a downtrend, relief rallies are possible.

STRK price forecast

Starknet (STRK) remains in a cautious position, with short-term consolidation possible, although long-term direction is dependent on broader crypto market recovery and the success of strkBTC’s adoption within Starknet’s DeFi ecosystem.

The launch of strkBTC adds an important layer of fundamental support for STRK, as the token’s utility within the network is set to increase.

For short-term traders, the key levels to watch include the immediate support at $0.04 and the resistance at $0.045.

A break above $0.045 could signal the start of a more sustained recovery, especially if Bitcoin shows strength simultaneously.

Conversely, a drop below $0.04 would likely signal further downside toward $0.035, continuing the current bearish trend.

The post STRK price outlook as Starknet prepares to launch strkBTC, a shielded Bitcoin for private transactions appeared first on CoinJournal.

STRK price outlook as Starknet prepares to launch strkBTC, a shielded Bitcoin for private transactions

Source: https://coinjournal.net/news/strk-price-outlook-as-starknet-prepares-to-launch-strkbtc-a-shielded-bitcoin-for-private-transactions/ ***