Bitcoin (CRYPTO: BTC) is down 2% over the past 24 hours, falling below its bear market resistance band in what resembles previous midterm-year fakeouts, according to crypto analyst Benjamin Cowen.

Why Traders Are Watching This Level

In a podcast on Wednesdyay, Cowen said Bitcoin’s move above the 20-week SMA near $74,000 and the 21-week EMA lacked the follow-through typically seen during true trend reversals.

Instead, the structure looks like prior midterm-year rallies that briefly pushed above key resistance before rolling over again.

“Bulls come out, dunk on the bears, and then the air gets let out,” Cowen said while comparing the current setup to 2018 and 2022 market behavior.

The past bear…

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U.S. stock futures fell on Thursday, after a higher close on Wednesday, as all indices ended marginally higher, but the small-cap index, the Russell 200 declined.

A U.S. official, speaking anonymously to Reuters, said American forces struck an Iranian ground control station in Bandar Abbas that was allegedly preparing to launch attack drones.

The official also said U.S. forces shot down four one-way drones that posed a threat near the Strait of Hormuz. “These actions were measured, ‌purely ⁠defensive, and intended to maintain the ceasefire,” the official said

Meanwhile, the 10-year Treasury bond yielded 4.50%, and the two-year bond was at 4.05%. The CME Group’s FedWatch tool‘s…

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Payday Becomes More Exciting

Armstrong confirmed the development on X, sharing a request from a user who had asked for it back in January 2025.

“You got it. Direct deposit is live on Coinbase,” Armstrong said.

The new feature lets users send their paychecks or a portion of it directly to Coinbase. Every payday, the funds can be automatically split between cash and cryptocurrency based on a predetermined allocation percentage.

Users would also have the option of spending the funds using Coinbase’s cryptocurrency card and earn 4% back on every purchase.

Legal Disclaimers

Coinbase added that funds from direct deposits typically become available in 3–5 business days, depending on the…

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Sen. Elizabeth Warren (D-Mass.) accused President Donald Trump on Wednesday of reducing enforcement on cryptocurrency and prediction markets to benefit firms linked to his family.

Warren Wants Better Laws To Address Trump’s ‘Corruption’

In an X post, Warren said that Trump is “gutting” the Commodity Futures Trading Commission so that his family and friends can “enrich” themselves.

“We need crypto legislation that stops this corruption and protects Americans from getting scammed,” the senior Democratic lawmaker said.

Warren has been one of the fiercest critics of Trump family-linked cryptocurrency businesses,  including the Official Trump (CRYPTO: TRUMP) and…

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Genius Group (AMEX:GNS) shares are trading sharply higher in after-hours trading on Wednesday.

GNS shares surged 83.72% to $0.40 in after-hours trading after the company announced the expansion of its treasury strategy with the launch of a new AGI Infinity Portfolio.

Genius Group is a Singapore-based AI-powered education company that provides AI training, digital learning and entrepreneurial education solutions globally.

AI Treasury Strategy

The company said its Board approved an initial target investment of up to $100 million into its AGI Infinity Portfolio, which is expected to provide exposure to artificial intelligence, robotics and space companies.

According to the announcement, the…

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President Donald Trump voiced his unwavering support for the cryptocurrency industry on Wednesday, stating that his administration is working to build a robust regulatory framework for digital assets.

Trump Claims Credit For Turning Crypto Around In US

He claimed credit for “saving” the industry and turning America into the “cryptocurrency capital of the world.”

“Builders and Entrepreneurs are coming BACK to the United States where they belong,” Trump said. “The new Frontier of Finance is being Built in America, and “TRUMP” will NEVER let Crypto down!”

He also promised to codify a “future-proof” market structure for the industry that will never be undone by “Crypto…

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Leading cryptocurrencies fell sharply on Wednesday, while stocks rallied to record highs with no breakthrough in sight for a U.S.-Iran deal.

Crypto Market Slides

Bitcoin tumbled, coming close to sinking below $74,000, while Ethereum battled bears to defend the key $2,000 support. Selling pressure intensified for XRP and Dogecoin as well.

Over $450 million was liquidated from the cryptocurrency market in the past 24 hours, with $400 million in long position erased, according to Coinglass data.

Bitcoin’s open interest fell 0.89% over the last 24 hours. Meanwhile, both retail and whale derivatives traders turned bullish, aggressively building long positions in the leading cryptocurrency

“Extreme…

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