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24 Feb 2026, 15:32

Bitcoin-Gold 6-Month Correlation Drops to 4-Year Low of -0.7: What’s Next for BTC?

The price correlation between Bitcoin and gold over the past six months has dropped to -0.7, as BTC continues to underperform gold. Since September 2025, Bitcoin (BTC) has collapsed by more than 41% amid a consistent months-long downtrend that gained momentum in October 2025. Visit Website

24 Feb 2026, 15:30

Dogecoin (DOGE) Faces 50-Day EMA Test as Traders Watch for Reversal or Deeper Pullback

Dogecoin (DOGE) is approaching a decisive technical moment as price pressure across the broader market keeps the memecoin pinned near key support zones. After slipping below the psychological $0.10 level, traders are now watching whether DOGE can stabilize or whether the ongoing downtrend will extend further. Related Reading: Here’s What’s Driving The Bitcoin Price Crash Toward $60,0000 Dogecoin currently trades around the low-$0.09 range after posting steady losses across multiple timeframes. Market data shows the token has declined sharply over the past month, reflecting reduced risk appetite and continued selling pressure across digital assets. DOGE's price trends to the downside on the daily chart. Source: DOGEUSD on Tradingview Dogecoin Price Struggles Below Key Moving Averages Technically, Dogecoin remains in a clear corrective phase. Price action continues to trade below the 50-day EMA, currently acting as strong dynamic resistance near the $0.11–$0.12 region. Repeated rejection at this level has reinforced a pattern of lower highs and lower lows that has persisted since late 2025. Momentum indicators present mixed signals. The RSI is near oversold territory, suggesting selling pressure may be easing, while trend-strength indicators still confirm a dominant bearish structure. Analysts note that volatility has also compressed following recent declines. Short-term charts show resistance clustered between $0.095 and $0.10, while immediate support lies near $0.091 and $0.088. A break below these levels could expose deeper downside targets toward the $0.083–$0.080 region. Bear Flag Risks vs. Rebound Potential Adding to the uncertainty, daily charts show DOGE consolidating within a bearish flag, a pattern typically associated with a continuation move lower. Some projections suggest a potential decline toward the $0.065–$0.07 zone if support fails. However, not all signals are bearish. A long-term cycle metric, tracking the number of historical trading days above the current price, has reached a record level. Similar readings previously appeared near major market bottoms in 2020 and 2023, both followed by strong rallies. Analysts caution that this is a structural indicator rather than a short-term timing signal, but it has drawn renewed attention from long-term investors. Meanwhile, a shorter-term analysis shows DOGE rebounding from oversold RSI levels, with some traders targeting a move toward $0.115–$0.119 if buyers regain control. Key Levels Traders Are Watching For sentiment to shift meaningfully, Dogecoin must reclaim the $0.095–$0.10 zone and eventually break above the 50-day EMA. Failure to do so would keep downside risks intact, particularly if macro risk-off conditions persist. Related Reading: Bitcoin Capitulation Persists As Short-Term Holders Realize $0.48B Daily Losses In the near term, the market remains balanced between potential accumulation and continued distribution. Whether Dogecoin stages a recovery or slides into a deeper pullback will likely depend on how the price reacts around current support, making the coming sessions critical for confirming the next trend direction. Cover image from ChatGPT, DOGEUSD chart on Tradingview

24 Feb 2026, 15:25

Oobit Crypto-to-Bank Transfer Service Launches, Revolutionizing How Users Access Cash

BitcoinWorld Oobit Crypto-to-Bank Transfer Service Launches, Revolutionizing How Users Access Cash In a significant move for digital finance, cryptocurrency payment application Oobit has launched a direct crypto-to-bank transfer service, fundamentally changing how users convert digital assets into everyday cash. This development, reported by Cointelegraph, allows users to send cryptocurrency holdings directly to a local bank account without relying on external exchanges. The launch marks a pivotal step in bridging the gap between decentralized digital currencies and traditional financial systems, potentially accelerating mainstream crypto adoption by simplifying the final step of the transaction cycle: accessing usable funds. Oobit’s New Crypto-to-Bank Service Explained The newly launched feature is an integrated off-ramp capability within the Oobit app. Essentially, it expands the platform’s existing Tap-to-Pay and peer-to-peer (P2P) transfer functions. Previously, users might have needed to transfer crypto to a separate exchange, sell it for fiat currency, and then initiate a withdrawal to their bank—a multi-step process often involving delays and multiple fees. Now, Oobit consolidates this into a single, in-app operation. The service leverages local payment infrastructure in each operational region, ensuring compatibility with domestic banking systems and potentially faster settlement times. This direct integration represents a maturation of crypto payment services, moving beyond peer-to-peer transactions to full financial ecosystem integration. The Technical and Regulatory Backbone Launching a direct fiat off-ramp service requires navigating complex technical and regulatory landscapes. Oobit’s approach involves partnering with or integrating licensed payment processors and financial institutions in various jurisdictions. This structure allows the app to handle currency conversion and compliance checks, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, internally. The reliance on “local payment infrastructure” suggests the service may use regional systems like SEPA in Europe, Fedwire in the United States, or UPI in India to facilitate the final bank transfer. This localization is crucial for reducing costs and improving transaction speed, addressing two major pain points for users cashing out cryptocurrency. Context and Impact on the Crypto Payment Landscape The introduction of this service arrives at a critical juncture. The cryptocurrency market continues to seek practical, real-world utility beyond trading and speculation. Payment solutions have emerged as a key use case, but liquidity—the ease of converting crypto to spendable cash—remains a hurdle. Oobit’s direct bank transfer directly tackles this liquidity challenge. For the average user, it reduces friction and cognitive load. There’s no longer a need to manage accounts across multiple platforms or worry about transfer bridges between exchanges and banks. This seamless experience could attract new users who are intrigued by crypto but hesitant about its complexity and accessibility. Furthermore, the service could impact merchant adoption. Businesses accepting crypto via Oobit’s Tap-to-Pay can now potentially convert receipts directly to their operating bank accounts, mitigating volatility risk and simplifying accounting. This functionality makes cryptocurrency a more viable option for daily commerce, moving it closer to the convenience of traditional digital payment methods like credit cards or mobile wallets. The Significance of Tether’s Backing The article notes that Oobit is “actively backed by Tether,” the company behind the world’s largest stablecoin, USDT. This backing is not merely a financial footnote; it provides significant strategic weight. Tether’s involvement suggests a deep alignment with liquidity and settlement systems. Stablecoins like USDT are often the primary medium for crypto-to-fiat gateways. Tether’s expertise and infrastructure could be instrumental in facilitating the behind-the-scenes conversion processes within Oobit’s new service. This partnership enhances the service’s credibility and potential for stability, as it is supported by an entity with extensive experience in managing the intersection of crypto and traditional finance. Comparative Analysis with Existing Solutions To understand Oobit’s positioning, it’s helpful to compare its new offering with common existing methods for converting crypto to cash. Method Typical Process Key Advantages Common Drawbacks Centralized Exchange (CEX) Cash-Out Transfer crypto to CEX, sell for fiat, withdraw to bank. High liquidity, established platforms. Multiple steps, potential delays, fees at each stage. Peer-to-Peer (P2P) Platforms Find a buyer, agree on price, receive cash/bank transfer. Can offer better rates, decentralized. Requires trust/counterparty risk, can be slow, less secure. Crypto Debit Cards Spend crypto directly via card; conversion happens at point-of-sale. Instant utility for spending. Often high fees, not a direct bank deposit, geographic limits. Oobit’s Direct Bank Transfer In-app conversion and direct send to registered bank account. Streamlined single-platform process, uses local rails. Service availability depends on regional partnerships. As the table illustrates, Oobit’s model aims to combine the security and integration of a centralized service with the direct financial access of a traditional bank transfer. Its success will likely depend on the speed, cost, and geographic reach it can achieve compared to these established alternatives. Future Implications and Industry Trajectory Oobit’s launch is part of a broader trend of financial technology convergence. The lines between crypto wallets, payment apps, and neobanks are increasingly blurring. This service represents a move toward the “super-app” model in fintech, where a single platform manages multiple asset classes and financial functions. If successful, it could pressure other crypto payment apps and even traditional financial institutions to develop similar integrated off-ramps. The long-term implication is a financial environment where moving value between digital asset formats and traditional money becomes as effortless as sending an email. However, challenges remain. Regulatory acceptance varies wildly by country. The service’s expansion will be contingent on forming partnerships with banks and payment networks in each new market. Furthermore, it must maintain robust security protocols to protect user funds during the conversion and transfer process, a non-negotiable requirement for building trust in the system. Conclusion The launch of Oobit’s direct crypto-to-bank transfer service is a substantive development in the practical application of cryptocurrency. By integrating a fiat off-ramp directly into its payment app, Oobit addresses a significant usability barrier for both retail users and merchants. Backed by Tether and utilizing local payment infrastructure, the service promises a more streamlined and potentially cost-effective path from digital assets to cash. While its widespread impact will depend on execution, regulatory navigation, and market adoption, this innovation undeniably pushes the entire industry closer to a future where cryptocurrency functions as a seamless component of everyday financial life. FAQs Q1: How does Oobit’s new service differ from using an exchange? Unlike an exchange, where you must transfer assets, sell, and then withdraw separately, Oobit’s service integrates the entire conversion and bank transfer process into a single action within its app, potentially saving time and reducing steps. Q2: What cryptocurrencies are supported for direct bank transfer? While the initial announcement does not specify, such services typically support major assets like Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDT or USDC. Users should check the app for the latest supported asset list. Q3: Are there fees for using the direct bank transfer service? Most crypto conversion services involve fees, which can include network, conversion, and transfer fees. Oobit’s exact fee structure will be disclosed within the app and may vary by region and transaction size. Q4: How does Tether’s backing influence this service? Tether’s backing provides technical expertise in crypto-fiat liquidity, enhances credibility, and suggests a reliable infrastructure for handling stablecoin conversions, which are often central to such off-ramp services. Q5: Is this service available worldwide? No. The service relies on local payment infrastructure and partnerships, meaning its availability will roll out on a country-by-country or region-by-region basis, subject to local financial regulations. This post Oobit Crypto-to-Bank Transfer Service Launches, Revolutionizing How Users Access Cash first appeared on BitcoinWorld .

24 Feb 2026, 15:23

Ethereum Foundation Starts Staking ETH: Details

The Ethereum Foundation is staking 2.016 ETH aiming for 70.000 ETH. It uses secure infrastructure with Dirk and Vouch. ETH price is 1.838 USD, critical supports at 1.748 and 1.825 USD. Rewards will...

24 Feb 2026, 15:18

Can DOGE bounce back? Analysts warn of fall to $0.06

Dogecoin (DOGE) has been struggling to regain its footing in the volatile crypto market. The meme-inspired cryptocurrency is currently trading around $0.0905, down nearly 6% in the past 24 hours. For many, this recent weakness has raised concerns about the next possible move. Analysts issue warnings amid bearish signals Some analysts are cautioning that Dogecoin could drop even further. Technical charts suggest that if the current support around $0.090 gives way, it might be the last line before a deeper fall. A potential target cited by bearish observers like Cheds Trading is $0.06, which would mark a significant decline from current levels. https://twitter.com/BigCheds/status/2026150483434283196?s=20 This scenario is reinforced by Dogecoin’s position below key moving averages, including short- and long-term EMAs and SMAs. Such positioning often indicates sustained selling pressure and makes a quick rebound less likely without strong buying momentum. Additionally, low trading volumes and ongoing distributions to exchanges suggest that market participants remain cautious. If sellers continue to dominate, the path toward $0.06 becomes more plausible. Even on the weekly charts, technical indicators like the Bollinger Bands show DOGE has room to fall before reaching oversold extremes. Bulls target $0.098 On the flip side, there are signs that Dogecoin could find an upward spark. Some traders point to the support level near $0.090 as a potential base for a rebound. If buyers step in and push Dogecoin past the immediate resistance around $0.098, it could trigger a short-term rally. Beyond $0.098, higher targets around $0.109 and $0.118 could come into play if momentum strengthens. Analysts have also noted subtle signs of positive divergence when comparing Dogecoin’s performance against Bitcoin. The Relative Strength Index (RSI) has shown slight improvement even as Bitcoin struggles , which could hint at an early momentum shift. Such moves often precede breakouts when confirmed by consistent price action. https://twitter.com/Cryptollica/status/2025563966647230756?s=20 For bulls, reclaiming $0.098 is critical to reversing the current downtrend. It would signal renewed confidence and could attract buyers who have been waiting for a clearer sign of strength. What traders should watch out for Dogecoin’s short-term future depends heavily on how it behaves around key levels. A drop below $0.090 could open the door to $0.08 or even lower, while a successful defence could give bulls a chance to test $0.098. Investors and traders should monitor volume, exchange flows, and broader market trends to understand which scenario is more likely. While the token has shown resilience in the past, the current market environment is unforgiving. For now, Dogecoin remains at a crossroads, and the next few days could determine whether the token resumes its climb or slides toward new lows. The post Can DOGE bounce back? Analysts warn of fall to $0.06 appeared first on Invezz

24 Feb 2026, 15:17

21shares Spot SUI ETF (Nasdaq: TSUI) to Begin Trading on Tuesday Feb 24th, Expanding U.S. Access to Sui