Bitcoin is trading near the $108,700 level in light of global changes that have affected the overall mood of the digital currency market. The G20 Financial Stability Board (FSB) has warned of major regulatory gaps despite the crypto sector’s total market value increasing to around $4 trillion in a year, while Babylon Labs announced the launch of a new trustless decentralized finance (DeFi) system for Bitcoin on the Ethereum blockchain. (Ethereum blockchain).
Meanwhile, Nasdaq-listed Zeta Network raised more than $230 million from a Bitcoin-backed selloff, giving the market a boost of confidence despite relative price stability below the $110,000 level.
G20 Oversight Council warns of global regulatory gaps in digital currency market
The G20 Financial Stability Board (FSB) has issued a warning that significant regulatory gaps persist when countries deal with digital currencies, despite the sector’s market value doubling to $4 trillion over the past year. The Council noted that stablecoins, which currently have a market value of approximately $290 billion, are only subject to comprehensive regulation in a limited number of jurisdictions.
Council Secretary General John Schindler highlighted the need for global coordination, particularly given the ease of international transfers and the increasing connection of digital assets with traditional financial systems. Although the risks currently remain limited, the Council warned that they are likely to increase as the pace of adoption accelerates.
Despite the warnings, the price of Bitcoin was not significantly affected, as it stabilized near the $108,690 level, but analysts viewed the Council’s call as a positive step towards establishing clearer global standards for regulating digital assets.
Babylon Labs Unveils Trustless Bitcoin Decentralized Financial System on the Ethereum Blockchain
Babylon Labs announced the launch of a new system that allows users to borrow through the Ethereum blockchain using Bitcoin as collateral, without the need for central bridges or intermediaries. This innovative mechanism leverages BitVM3 technology to secure Bitcoin in vaults. This can be verified cryptographically.
VaultBTC is currently in beta testing on the Morpho lending protocol. Although the system is largely trust-agnostic, analysts note that its screening process still relies in part on certified liquidators and trusted data brokers.
For their part, analysts believe that this launch will strengthen efforts to integrate Bitcoin into the decentralized finance (DeFi) system, emphasizing that expanding its role outside of the payment and storage area could support demand in the long term. Indeed, Bitcoin remained stable at nearly $108,690 following the announcement.
Zeta Network Raises $230 Million in Bitcoin-Backed Private Placement
Nasdaq-listed Zeta Network raised $230.8 million in a private equity sale, accepting payments in Bitcoin and SolvBTC, a digitally represented version of Bitcoin on the Solv protocol. Additionally, the company issued new stock and bond options and added Bitcoin-related assets to its treasury, confirming its belief in their long-term value and scarcity.
Ryan Chow, CEO of Solv Protocol, said many public companies are adopting innovative solutions to keep Bitcoin in line with the growing demand for Bitcoin-backed return products, such as Coinbase’s Bitcoin Returns Fund and the Income Fund offered by Coinbase. Black rock.
This funding, backed by Bitcoin, helped improve overall market sentiment, with the currency continuing to trade near the $108,700 level as investors grew increasingly convinced that institutional adoption was accelerating.
Bitcoin Price Forecast: A descending channel indicates a possible decline towards $103,500.
The BTC/USD pair price is still trading in a limited range below the $110,000 level and is struggling to regain momentum after several failed attempts to surpass the $109,600 level. The chart shows a potential triple bottom pattern forming, but the continued rejection near $110,500 and breakout of the “descending triangle” pattern highlights weak buyer momentum.
The bearish crossover between the 20- and 50-period exponential moving averages also shows continued selling pressure, indicating downside risk, while the Relative Strength Index (RSI) remains at 42, indicating no buying power. Price action is showing lower highs than previous ones, without the appearance of a bullish engulfing candle to confirm the trend reversal.
If Bitcoin price fails to breach the $110,500 level, a pullback towards the $107,300 level becomes likely, followed by deeper support levels at $105,200 and $103,500, which are historical entry points for buyers.
Currently, Bitcoin continues to trade below the descending triangle and TradingView forecasts indicate a possible retest of current levels. Once the price closes decisively above $112,700, the bearish landscape will completely change, paving the way for the next resistance levels at $114,600 and $117,600.
On the other hand, traders could speculate on a decline below the $109,500 level and target the $107,300 level, while it is better to engage in bullish speculative trades after breaking above $112,700. Despite the current state of weakness, analysts remain optimistic that Bitcoin’s uptrend will continue, with a strong recovery expected in the final quarter of 2025 after the period of relative stability ends.
Bitcoin Hyper-HYPER combines the Bitcoin blockchain and the Solana blockchain.
Bitcoin Hyper launches a new phase of the Bitcoin technical system. While Bitcoin represents the benchmark in security, Bitcoin Hyper adds what it has always lacked: speed comparable to the Solana Blockchain.
The project was built as the first Layer 2 solution for the Bitcoin blockchain powered by the Solana Virtual Machine (SVM), combining the security of the Bitcoin blockchain with the transaction efficiency of the Solana blockchain. The result: super-fast, low-cost smart contracts, decentralized applications, and even the creation of memes, all while maintaining the security of the underlying Bitcoin blockchain.
The project has undergone a security audit by Coinsult with a clear focus on transparency and scalability and with the pace of adoption accelerating, momentum is already strong. The subscription has exceeded $23.9 million, while the coin’s price currently stands at $0.013125 before the next price increase.
With the growing activity on the Bitcoin Blockchain and the growing demand for efficient applications based on it, Bitcoin Hyper emerges as a real bridge between two of the largest technical systems in the world of digital currencies.
If Bitcoin laid the foundation, Bitcoin Hyper will make those foundations faster, more flexible, and more interactive than ever before.
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The article Bitcoin (Bitcoin-BTC) Price Forecast: After Breaking the Triangle Pattern, Will the Price Fall Below $105,000? appeared first on Cryptonews Arabic.
