Bitcoin and Nasdaq QQQ: A Historical Parallel and Future Implications

While generally positive about Bitcoin's long-term potential, the article also acknowledges the risks and uncertainties, such as potential price drops, regulatory challenges for XRP, and the impact of macroeconomic factors.

The cryptocurrency market has always been a volatile space, with Bitcoin leading the charge as the premier digital asset. Analysts and investors often look for historical patterns to predict Bitcoin's future movements, and one striking comparison that has emerged is its correlation with the Nasdaq QQQ ETF.

Bitcoin and QQQ: A Historical Perspective

The connection between Bitcoin and QQQ may be more significant than many expect. Renowned analyst Benjamin Cowen has pointed out similarities between Bitcoin’s post-ETF launch price movements and QQQ’s trajectory during the late 1990s tech boom.

QQQ launched at around $48–49 and surged to $120 in just 54 weeks. However, the asset struggled to maintain levels above $100, leading to a steep correction that pushed its value down to the $80 range and even lower.

Bitcoin has shown a similar structure. Following the approval of its spot ETF, Bitcoin surged from $48,000 to a cycle high in a 54-week timeframe.

Just as QQQ saw a peak followed by three weeks of declines before stabilizing, Bitcoin has exhibited a similar trend, with a new high followed by two weeks of correction.

If history is any indication, Bitcoin might face another week of downside before a potential relief rally. However, market structures evolve, and deviations from past trends are always possible.

Bitcoin’s Post-Halving Correction and Market Volatility

Historically, Bitcoin experiences corrections in January following a halving year. The surge in volatility and market uncertainty toward the end of winter could further impact its trajectory. Bitcoin’s rising dominance over altcoins has intensified capital shifts within the crypto market, with altcoins facing significant pressure.

While historical patterns provide insight, markets do not always replicate past behaviors precisely. Should Bitcoin fail to hold key support levels, a significant price drop may follow, reinforcing the bearish trend.

Japan’s Bitcoin Boom: The Metaplanet Phenomenon

Bitcoin demand in Japan has surged, partly driven by U.S. President Donald Trump’s pro-crypto stance. One of the most striking cases is Metaplanet Inc., a company that pivoted from hotel development to Bitcoin accumulation, emulating MicroStrategy’s strategy.

Over the past 12 months, Metaplanet’s stock has soared 4,800%, making it the best-performing Japanese stock. The company, led by former Goldman Sachs trader Simon Gerovich, transitioned to a “Bitcoin-first” model in early 2024.

Its shareholder base has grown by 500%, fueled by a combination of institutional and retail investors, including Capital Group.

Japan’s investment environment has also contributed to Metaplanet’s success. The revamped Nippon Individual Savings Account (NISA) program provides a tax-efficient means for retail investors to gain exposure to Bitcoin through stock proxies like Metaplanet.

To expand its Bitcoin holdings, Metaplanet plans to acquire 10,000 BTC by the end of 2025 and 21,000 by 2026, funded through share issuances. Additionally, it aims to rebrand its last remaining hotel, Royal Oak in Tokyo’s Gotanda area, as "The Bitcoin Hotel," hosting crypto-related events and seminars.

Trade Tariffs and Macro Headwinds Impacting Bitcoin

The broader cryptocurrency market has also been affected by geopolitical and macroeconomic factors. President Trump’s recent announcement of a 25% tariff on steel and aluminum imports, along with potential reciprocal tariffs from China, has increased market volatility.

Historically, Bitcoin has been viewed as a hedge against economic instability, but its performance during macroeconomic turmoil has been mixed. The stronger U.S. dollar and inflationary pressures could further impact Bitcoin’s price action.

With the U.S. Consumer Price Index (CPI) data release on February 11, markets are bracing for potential interest rate adjustments by the Federal Reserve.

MicroStrategy’s Strategy: Expanding Bitcoin Holdings

In the midst of market fluctuations, firms like MicroStrategy—now known as Strategy—continue to aggressively accumulate Bitcoin. Between February 3 and February 9, the company purchased 7,633 BTC for $742.4 million, bringing its total holdings to 478,740 BTC, valued at over $46 billion.

MicroStrategy’s approach underscores the increasing institutional adoption of Bitcoin as a treasury asset. With a long-term strategy centered around Bitcoin acquisition, the firm continues to drive institutional interest in the digital asset.

Bitcoin’s Future: Key Levels and Market Sentiment

Despite recent volatility, Bitcoin remains resilient. As of February 10, Bitcoin traded at $97,105, showing a 0.65% increase. The cryptocurrency market cap stands at $3.17 trillion, with Bitcoin’s dominance at 60.77%.

Bitcoin’s short-term trajectory hinges on key support and resistance levels. A drop below $96,000 could trigger further bearish sentiment, while a breakout above $96,750 may push BTC toward $98,500.

Conclusion

Bitcoin’s price action continues to mirror historical patterns seen in traditional financial markets, such as the Nasdaq QQQ ETF in 1999. However, regulatory shifts, macroeconomic policies, and institutional movements will play a crucial role in shaping its future.

As geopolitical tensions, Federal Reserve policies, and regulatory developments unfold, Bitcoin’s resilience will be tested. While its long-term outlook remains strong, short-term fluctuations and corrections remain an inevitable part of its growth. Investors must stay informed and adapt their strategies accordingly.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

 

This Press Release has also been published on VRITIMES

 

MEXC Celebrates Bitcoin's Milestone with Groundbreaking "Buy BTC for $1" Trading Event and 350,000 USDT Prize Pool

 

MEXC, a global cryptocurrency exchange, is celebrating Bitcoin's rise with a "Buy BTC for $1" trading event from February 9-12, 2025.  This symbolic pricing commemorates Bitcoin's growth from around $1 in 2011 to over $100,000 in 2024. The event features a 350,000 USDT prize pool for KYC-verified users (new and existing) who participate in Futures trading.  Prizes are awarded based on trading volume.

MEXC highlights Bitcoin's role as the cornerstone of crypto investment and driver of mainstream adoption.  The exchange emphasizes its own growth and contributions, including a top ranking in spot and derivatives trading, over 3,000 listed tokens, $136 million in airdrop rewards, competitive fees, and robust liquidity.  MEXC aims to provide a user-friendly platform for its 30 million+ users across 170+ countries, offering innovative features and exclusive events.  They encourage users to research before investing in the volatile crypto market.

Seychelles, February 10, 2025 — MEXC, a leading global cryptocurrency exchange, has launched a landmark celebration of Bitcoin's continued market dominance with a trading event titled "Buy BTC for $1", symbolically pricing Bitcoin at $1 to commemorate its journey from around $1 in 2011 to over $100,000 in 2024. The celebration features a massive 350,000 USDT prize pool, demonstrating MEXC's commitment to rewarding its community.

This initiative, running from February 9 to 12, 2025, comes at a notable moment in Bitcoin's transformation. The leading cryptocurrency's extraordinary trajectory has reshaped the financial landscape, evolving from a niche digital asset to a major investment vehicle. MEXC has been instrumental in this evolution by providing professional-grade trading infrastructure and robust liquidity for various market participants. In 2024, MEXC not only ranked among the top global exchanges with an 11.6% spot market share but also recorded the highest year-over-year growth in derivatives trading among major exchanges.

Eligible KYC-verified users, both new and existing, can participate in the "Buy BTC for $1" event through Futures trading on MEXC's platform. The event's 350,000 USDT prize pool will be distributed among participants based on their trading volume, with higher trading volumes increasing their chances of winning a larger share.

"Even amid recent turbulence in the crypto market, Bitcoin remains the cornerstone of crypto investment. Currently, Bitcoin serves as the main driver of the mainstream adoption of cryptocurrency, with its price breaking the $1 mark in February 2011 and surpassing $100,000 in December 2024, continuing its upward trend. This new event is a prime example of how we create exciting, unique opportunities for our users, enabling them to engage with the market at an unimaginable price point. It's an exciting way for both seasoned traders and newcomers to benefit from the incredible potential of Bitcoin," said Tracy Jin, Vice President at MEXC.

MEXC's contribution to Bitcoin's ecosystem and the broader crypto industry extends beyond promotional events. The exchange has distinguished itself through several key achievements in 2024:

An extensive listing of over 3,000 tradable tokens to capitalize on emerging opportunities.

Distribution of $136 million in rewards through 2,293 airdrop events.

Implementation of competitive fee structures to help traders maximize their profits.

Maintenance of robust liquidity and market depth to facilitate smooth execution in extreme market conditions.

"At MEXC, our users' interests are always at the heart of everything we do. With over 30 million users across more than 170 countries, we continue to expand our reach while innovating to provide the best possible trading experience. We're committed to offering cutting-edge trading features and organizing exclusive events that empower crypto enthusiasts and newbies to explore new opportunities and grow their portfolios," Tracy added.

MEXC's platform enhancements and strategic initiatives have earned recognition from TokenInsight, securing positions among the Top 6 in Spot trading and Top 5 in Derivatives trading. These achievements underscore the exchange's role in facilitating professional crypto trading and its commitment to serving experienced market participants.

For full event details and participation rules, visit the event page.

Risk Disclaimer

The information provided in this article about cryptocurrencies does not represent MEXC's official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

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About MEXC

Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

This press release has also been published on VRITIMES

Ethereum and Gas Limit Increase: Can ETH Break $3000?

 

Ethereum faces high volatility amid a major selloff, with prices rebounding toward $3000. Explore key technical analysis, market trends, and upcoming upgrades like the gas limit increase and Pectra Fork. Is now the right time to buy ETH?

Ethereum (ETH) has experienced a significant price drop due to a massive selloff in the crypto market this week. This price decline is one of the largest in recent years, prompting more traders to liquidate their positions.

At the time of writing, Ethereum’s price stood at $2796, noting a rise of over 4% in the past 24 hours. ETH market capitalization reached $333.29 billion, while trading volume surged over 22% intraday.

Crypto Liquidations Hit $2.22 Billion: Will the Decline Continue?

The fear spreading through the crypto market led investors to offload their digital assets en masse. According to data from Coinglass, total liquidations reached $2.22 billion in a single day, with long-term traders suffering losses of $605 million due to the sharp price drop.

This selloff also significantly impacted other crypto assets such as Bitcoin, XRP, Solana, and Dogecoin. Bitcoin dropped by 6%, while XRP and Dogecoin lost 22% and 23%, respectively. The market slid further as panicked investors rushed to sell their holdings.

Ethereum Price Prediction: Can It Break $3000?

According to a post by IncomeSharks on X, ETH price has rebounded from the liquidation zone and is undergoing accumulation. This situation presents an opportunity for investors to buy at lower levels before a potential surge toward $3000.

Max Schwartzman, CEO of BecauseBitcoin, expressed a similar sentiment. "If the market stabilizes, patient holders may see rewards," he said. However, traders remain cautious, closely analyzing macroeconomic factors that could influence Ethereum’s price in the near future.

Is It Time to Buy Ethereum?

Despite market turmoil, some industry figures remain optimistic. Eric Trump shared his positive outlook on Ethereum via the X platform, suggesting that now is a great time to buy ETH.

Following this post, Ethereum’s price began to recover. ETH price increased by 4.88% and is now trading at $2,796. However, despite the increase in price, the RSI and MACD indicators actually show a decrease which indicates a bearish trend.

Technical Analysis: Key Levels to Watch

Ethereum’s short-term price prediction suggests indecision among traders following the massive selloff. While the price has rebounded, lower trading volume indicates that many buyers are still hesitant to make large accumulations.

So far, ETH needs to break past the $3000 mark to attract more buyers. If it fails, selling pressure may persist. Technical analysis reveals several bearish indicators:

1. The Relative Strength Index (RSI) remains in the oversold region, indicating strong selling pressure.

2. The Moving Average Convergence Divergence (MACD) shows a negative crossover, signaling a potential downward trend reversal.

3. Fibonacci retracement levels reveal that the key support level is at $2600. If ETH falls below this point, a major correction could follow.

If the price breaks above the 78.3% Fibonacci retracement level at $3100, buying momentum could return, leading to further recovery.

Ethereum and Gas Limit Increase: What’s the Impact?

Ethereum is preparing to take a new step in its development. More than 52% of validators have expressed support for increasing the gas limit, marking the first adjustment since The Merge in 2022. Currently set at 30 million, Ethereum’s gas limit is expected to rise to 36 million soon, with a long-term possibility of reaching 40 million.

This upgrade aims to:

1. Increase Ethereum network capacity.

2. Facilitate crypto transactions.

3. Potentially reduce transaction fees.

Vitalik Buterin, Ethereum’s co-founder, emphasized that this change is the first fully controlled by the Proof-of-Stake (PoS) system, which is more decentralized than the previous Proof-of-Work mechanism. However, experts warn that a rapid increase could cause propagation failures and burden individual node operators.

Pectra Fork: Vitalik Buterin’s Strategic Move for Ethereum’s Future

Ethereum is set to reach a historic milestone with the Pectra upgrade scheduled for March 2025. This update not only aims to fix bugs but also redesign Ethereum’s foundation for greater efficiency and user-friendliness.

Pectra includes over 20 Ethereum Improvement Proposals (EIPs), such as:

1. EIP-7702: Converts regular accounts into smart accounts without complex migration, improving user experience.

2. EIP-7251: Increases the staking limit per validator from 32 ETH to 2048 ETH, reducing technical requirements for large holders.

This move has sparked debate: Does giving more flexibility to whales (large holders) risk centralizing Ethereum? Buterin assures that this strategy will attract more capital without compromising network efficiency.

Conclusion: Where Is Ethereum Headed Next?

Ethereum stands at a crossroads, with high market volatility and multiple innovations underway. While prices remain uncertain, network upgrades and industry support indicate that Ethereum remains an asset worth watching.

However, investors should remain cautious and consider both technical and fundamental factors before making decisions. With the gas limit increase and the Pectra upgrade on the horizon, Ethereum has the potential to become more scalable and efficient, but it also faces significant challenges in the process.

For those looking for investment opportunities, understanding Ethereum’s market dynamics and technological advancements is key to making informed decisions.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Asuene to Conduct Measurement of Total CO2 Emissions at "ap bank fes ’25 at TOKYO DOME Society, Life, and Music" Initiative for a 100% Carbon-Neutral Event Through CO2 Emission Calculation and Carbon Credit Offsetting

  

Asuene Inc. is set to conduct measurement of total CO2 emissions at "ap bank fes ’25 at TOKYO DOME Society, Life, and Music" music festival, organized by AP Bank, founded in 2003 by musician Takeshi Kobayashi, Kazutoshi Sakurai of Mr.Children, and Ryuichi Sakamoto,Grammy and Academy award winning composer.

The event will take place at Tokyo Dome on February 15-16. A pre-event calculation of CO2 emissions estimates at 894 t-CO2. By utilizing use of renewable energy sources at Tokyo Dome, offsetting emissions with carbon credits, and encouraging behavioral changes among participants, "ap bank fes ’25" will be a 100% carbon-neutral event. Asuene and AP Bank aim to use this event to raise awareness of the environmental impact of daily actions, encouraging individuals to take responsibility and make better choices for the environment.

The State of the Planetary Environment

The direct causes of extreme weather events can be explained by atmospheric pressure patterns familiar from weather maps. However, the increase in heatwaves and heavy rainfall over the past few decades is undeniably linked to human activity. The IPCC Sixth Assessment Report confirms, with scientific certainty, that fossil fuel consumption is driving climate change. Extreme weather is becoming the norm, significantly impacting our daily lives and future.

In reality, we are seeing wildfires spread across North America, and Japan is experiencing more frequent typhoons and torrential rains. Over the past 150 years, temperatures around Japan have risen by 1.4°C, and the effects of climate change are becoming more evident. For instance, Typhoon Hagibis in 2019 saw 13.6% more rainfall due to human-induced warming, causing massive floods. In central Tokyo, the number of extreme heat days (above 35°C) reached a record 22 days, with total summer days exceeding 90 days, threatening public health and daily life.

Measuring Environmental Impact to Achieve a Carbon-Neutral Event

Climate change is an immense challenge that often feels abstract and distant from daily life. Many people feel unsure about what actions to take or believe that individual efforts won’t make a difference. To overcome this barrier, "ap bank fes ’25 at TOKYO DOME Society, Life, and Music" will disclose itsPre-event Calculation of CO2 Emissions, helping attendees recognize better choices and take meaningful action.

By leveraging use of renewable energy , carbon credit offsetting, and environmental conscious behavior from participants, we are committed to realizing a 100% carbon-neutral event. We believe this initiative represents a significant step toward a sustainable future.

Pre-Event CO2 Emission Measurement Results

Asuene will measure the estimated CO2 emissions for "ap bank fes ’25 at TOKYO DOME Society, Life, and Music" based on both pre-event projections and post-event actual values. The goal is to minimize emissions related to the event, including participant transportation, energy consumption, and waste. In collaboration with event organizers, venue managers, and service providers, Asuene measured the emissions from various activities. The pre-event CO2 Emissions measured  amount was 894 t-CO2.

Breakdown of CO2 Emissions by Category

Total emissions: 894 t-CO2
・Participant transportation: 682 t-CO2 (76.3%)
・Merchandise & food and beverage: 85 t-CO2 (9.4%)
・Venue operations (stage production): 82 t-CO2 (9.1%)
・Energy consumption: 34 t-CO2 (3.8%)
・Waste: 8 t-CO2 (0.9%)
・Organizer transportation: 3 t-CO2 (0.3%)

Reducing CO2 Emissions

The pre-event measurement of CO2 Emissions indicates that Participant Transportation accounts for the largest share of emissions. While travel is a necessary part of modern life, individuals can contribute to emission reduction by choosing low-carbon transportation options.

Created by Asuene based on Japan’s Ministry of Land, Infrastructure, Transport, and Tourism data:
・Choosing trains over flights can reduce CO2 emissions by approximately 80%.
・Switching from gasoline cars to hybrid vehicles or trains can reduce emissions by about 50% and 84%, respectively.
・Using bicycles or shared e-scooters for short distances instead of trains can eliminate CO2 emissions entirely.

Other options include optimizing travel routes for lower emissions, using low-carbon fuels, or switching to EVs powered by renewable energy.

Comment from Kohei Nishiwada, Asuene CEO

"A dream has come true. I am honored to collaborate with AP Bank, an organization at the forefront of addressing environmental and social issues, in measuring the CO2 emissions for 'ap bank fes ’25 at TOKYO DOME.'

'ap bank fes' was a major inspiration in my personal journey toward solving environmental issues. I am excited to give back and contribute to making the Tokyo Dome event in February 2025 as meaningful and impactful as possible."

This Press Release has also been published on VRITIMES