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Cryptocurrency Live News & Updates : FET Maintains Key Support: Eyes on $1.03 and Beyond
16 Jul 2025 | 11:55:11 PM IST
is showing signs of bullish momentum after holding crucial support levels, with targets set at $1.03 and potentially $1.40 if the upward trend continues. In recent developments, (FET) has demonstrated resilience by bouncing back from significant support zones, particularly the 0.618 Fibonacci retracement level. This rebound suggests a bullish trend, with potential targets at $1.03 and $1.40. Meanwhile, the U.S. House of Representatives has advanced procedural votes on key cryptocurrency legislation, including the GENIUS Act and the Anti-CBDC Act, setting the stage for formal debates later this week. In corporate news, Matador Technologies has unveiled a long-term strategy to significantly boost its Bitcoin holdings, aiming to acquire up to 6,000 Bitcoins by 2027. Additionally, Bitcoin strategy manager Chaitanya Jain expressed confidence in the company's ability to manage debt even if Bitcoin prices dip below $20,000, ensuring adequate collateral is maintained. Lastly, VCI Global Limited has announced its acquisition of a Malaysian fund management firm, planning to launch a Bitcoin fund aimed at institutional investors. These developments reflect a dynamic landscape in the cryptocurrency sector, highlighting both corporate strategies and legislative progress. Show more
