- Bitcoin hits 119300 dollars, nearing a key 120000 dollar resistance, with big price swings possible.
- Divine Research gives 30000 small USDC loans using World ID, helping people banks ignore.
- Bitwise predicts a strong 2026 for Bitcoin, saying the old four year cycle is fading.
Bitcoin Climbs Back in Crypto Market
Bitcoin’s price is making waves again, hitting 119300 dollars after a quick drop to 115000 dollars on Friday, according to Cointelegraph. It’s now facing a tough spot between 119000 and 120000 dollars, where Coinank says big sell offs could happen.
A crypto analyst, TheKingfisher, thinks we might see wild price swings soon as traders adjust. A big sale of 80000 Bitcoin by an old school whale through Galaxy Digital shook things up, but the market bounced back fast, showing crypto strength.
The quick recovery has people hopeful Bitcoin could keep climbing, especially if it breaks past 120000 dollars. Talk of lower interest rates, pushed by President Trump, makes crypto look better than bonds. Traders are watching closely to see if Bitcoin can push through this key level and keep the crypto rally going strong.
New Crypto Loans and Big Predictions
Divine Research in San Francisco is doing something new, giving out 30000 small USDC loans without collateral since December, using Sam Altman’s World ID to check borrowers.
These loans, under 1000 dollars, help people like teachers and vendors in places banks don’t reach. Diego Estevez, the founder, calls it “microfinance on steroids,” even with high 20 to 30 percent interest rates to cover 40 percent defaults. It’s a bold way to use crypto to help regular folks.
Looking ahead, Bitwise’s Matt Hougan says 2026 could be huge for Bitcoin, breaking the old four year cycle. He thinks halvings matter less now, and lower interest rates will boost crypto. While some expect a peak soon, Hougan bets on steady growth, giving crypto fans a lot to look forward to.
Also Read: Cynthia Lummis says US is starting to wake up on crypto after a landmark week in legislation
