Happy Thursday!

Bitcoin is having a rough time at the moment, and analysts are eyeing $106,800 as a line in the sand: what happens if it gets crossed?

Donald Trump branded himself as the Bitcoin president, and now the United Kingdom may be getting an equivalent: here’s what Nigel Farage has in store.

Plus, check out Benzinga Edge to get real-time alerts on anything critical that could affect your stocks – from surprise earnings bombs to corporate bombshells.

TOP STORY

Bitcoin's Line In The Sand Is $106,800: What Happens If It Gets Crossed?

Bitcoin’s ongoing correction phase is following a pattern similar to previous bull market pullbacks, according to technical analysis.

Technical analyst Kevin noted on Patreon that Bitcoin’s correction patterns tend to “rhyme” across cycles, regardless of broader macro conditions.

Drawing comparisons to prior bull markets such as 2017 and 2023, he emphasized that 30%+ drawdowns do not necessarily signal the end of a rally as long as critical support levels hold.

Historical analysis shows that BTC correction phases typically last between 114 and 174 days, based on recurring momentum indicator patterns.

Read the full scoop here.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are going sideways again as Bitcoin tries to stage a recovery: here’s what’s driving the market today.

XRP is awaiting ETF decisions as the government shutdown continues, and may be on the edge of a big breakout if applications are approved.

Dogecoin is seeing more institutional adoption: Thumzup Media is reportedly looking into offering Dogecoin rewards.

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FINTECH FOCUS

Donald Trump Said 'They Call Me The Bitcoin President' — Is Britain's Nigel Farage About To Become A 'Crypto Champion'?

The race for crypto dominance has entered politics, with U.S. President Donald Trump and Reform U.K.'s leader Nigel Farage both pitching bold visions to make their nations the global hub for digital assets.

Speaking at the Digital Asset Summit in London on Monday, Farage told attendees, “I am your champion,” outlining plans to create a "state-owned Bitcoin reserve" and introduce a new crypto bill to cut capital gains tax and allow taxes to be paid in digital assets.

How does that compare to President Trump’s vision?

Read the full scoop here.

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