As we speak in crypto, Bitcoin’s (BTC) value is approaching a key resistance zone after rebounding practically 4% from its latest low. In the meantime, Divine Analysis issued 30,000 unbacked USDC loans utilizing Sam Altman’s World ID to confirm debtors, focusing on underserved customers, and Bitcoin could also be heading for vital upside in 2026, in accordance with Bitwise.
Bitcoin nears key resistance zone as merchants put together for bigger value swings
Bitcoin’s value resumed its upward momentum on Sunday, buying and selling as soon as once more inside a key resistance zone that analysts imagine might decide the cryptocurrency’s short-term route.
The BTC/USD pair climbed above $119,300 on Sunday, in accordance with information from Cointelegraph Markets Professional and TradingView, extending its restoration from Friday’s transient dip beneath $115,000.
Friday’s volatility was doubtless triggered by the sale of 80,000 BTC from a Satoshi-era Bitcoin whale. Nonetheless, the market rapidly absorbed the sell-off, prompting analysts to forecast a possible continuation of the rally.
Bitcoin is now approaching a “sturdy resistance” stage between $119,000 and $120,000, in accordance with crypto analytics platform Coinank, which has recognized “dense liquidation clusters” on this vary.
Analyst TheKingfisher famous that merchants ought to brace for “doubtlessly bigger value swings within the close to time period” as market members hedge their positions.
Divine Analysis points unbacked crypto loans utilizing Sam Altman’s World ID
San Francisco-based lender Divine Analysis has issued round 30,000 unbacked short-term crypto loans since December, utilizing OpenAI CEO Sam Altman’s iris-scanning platform World ID to confirm debtors.
Divine provides loans below $1,000 within the USDC (USDC) stablecoin, primarily to abroad debtors underserved by conventional finance. It makes use of World ID to make sure customers can’t open a number of accounts after defaulting.
“We’re loaning to common of us like high-school lecturers, fruit distributors . . . principally anybody with entry to the web can get entry to our funds,” Divine founder Diego Estevez informed the Monetary Instances. “That is microfinance on steroids.”
Rates of interest vary from 20% to 30%, with a reported first-loan default fee of round 40%. “Excessive rates of interest compensate for these losses,” Estevez mentioned, including that free World tokens issued to debtors could be “partially” reclaimed.
Bitcoin ‘up yr’ is 2026, and the four-year cycle is lifeless: Bitwise
Bitcoin’s value might see vital upside in 2026, bucking the normal four-year market cycle, in accordance with Bitwise chief funding officer Matt Hougan.
The prediction comes as different analysts are divided on whether or not Bitcoin will stray from its historic sample or comply with the normal halving cycle and peak within the coming months.
“I guess 2026 is an up yr,” Hougan mentioned in an X video on Friday. “I broadly suppose we’re in for a great few years,” Hougan added.
Hougan mentioned the four-year halving cycle “is lifeless” for a number of causes, together with the Bitcoin halving turning into “half as essential” each 4 years, and the rate of interest cycle being constructive for crypto. Since April, US President Donald Trump has been publicly pressuring Federal Reserve Chair Jerome Powell to chop rates of interest, a doubtlessly bullish catalyst for Bitcoin, as decrease charges make conventional property like bonds and time period deposits much less interesting to buyers.
