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Top cryptocurrencies to lookout for this week: BTC, DOT, UNI & LINK

Bitcoin could push above $56,100 and that could attract buying in DOT, UNI and LINK. Bitcoin has continued to trade near the $55,000 level. The sharp rally in Bitcoin has pushed its market dominance from 40.70% to about 45% today. This shows that the strong recovery in cryptocurrencies has largely been led by Bitcoin. 

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Bitcoin could push above $56,100 and that could attract buying in DOT, UNI and LINK. Bitcoin has continued to trade near the $55,000 level. The sharp rally in Bitcoin has pushed its market dominance from 40.70% to about 45% today. This shows that the strong recovery in cryptocurrencies has largely been led by Bitcoin. 

BTC

Bitcoin rose above the stiff overhead resistance at $52,920 and the bulls have held the price above the breakout level. This is a encouraging sign as it indicates that buyers may be holding on to their positions in hopes of higher levels in the short term. The moving averages have completed a bullish crossover and the relative strength index is near the overbought zone which indicates that the path of least resistance is to the upside. If buyers push the price above $56,100, BTC may rally to $60,000.

DOT

Polkadot has been progressively moving higher toward the overhead resistance at $38.77. The RSI has broken out of the downtrend line and the 20-day EMA of $32.15 has started to turn up, signifying an advantage for buyers. If the bulls push the price above $38.77, it will cancel the head and shoulders pattern. The failure of a bearish setup is a bullish sign as it may trap the aggressive bears who then try to cover their positions, resulting in a short term squeeze.

UNI

Uniswap has been holding above the 20-day EMA of 24.55 for the past few days, which indicates that the bulls are trying to defend this support. The bears are in no mood to relent as they have not allowed the price to rise above the line. The buyers will have to push and close the price above the line to complete an inverse head and shoulders  pattern. This bullish reversal setup has a pattern target at $36.98 but the rally may not be linear as bears will try to defend the level at $31.41.

LINK

Chainlink broke above the downtrend line but the bulls have not been able to exploit this move. The coin has been stuck in a tight range between $25.20 and $26.19 for the past few days.

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Binance tightens South African compliance rules for crypto transfers

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Binance is tightening compliance measures for crypto transactions in South Africa, announcing it will fully implement the country’s Travel Rule requirements beginning January 2025. The move aligns with regulations set by South Africa’s Financial Intelligence Centre (FIC) and reflects the exchange’s broader efforts to meet global anti-money laundering standards.

Under the new rules, Binance will require South African users to include verified personal information—such as names, addresses, and account details—when sending or receiving crypto between platforms. These changes are designed to increase transparency and traceability of digital asset transfers, making it harder for illicit actors to exploit decentralized networks.

Binance emphasized that users must complete know-your-customer (KYC) verification before transferring crypto to or from external wallets. Transfers to non-compliant platforms may be restricted or flagged, while internal transfers within Binance or to Travel Rule-compliant entities will remain unaffected.

The announcement follows South Africa’s decision in 2023 to designate crypto as a financial product, placing digital asset providers under the supervision of the FIC. The country has since taken steps to integrate crypto into its formal regulatory structure, including licensing requirements and mandatory reporting obligations.

With enforcement beginning in 2025, Binance urged users to familiarize themselves with the new procedures to avoid disruptions. The exchange also plans to provide additional guidance and tools to help users remain compliant as the deadline approaches.

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Ethereum bounces back as market dominance recovers from all-time low

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Ethereum has staged a notable recovery after recently experiencing its lowest market dominance since its early days. The turnaround comes as ETH surged nearly 4% in the past 24 hours, climbing back above the $3,100 mark and narrowing its underperformance gap relative to Bitcoin.

For much of 2024, Ethereum has trailed behind Bitcoin and a growing wave of altcoins, with its market share dropping below 15% — levels not seen since 2015. The slump was driven by investor focus on Bitcoin ETF momentum, lackluster institutional interest in ETH, and rising competition from layer-1 and layer-2 networks offering faster and cheaper alternatives.

Despite these challenges, Ethereum’s fundamentals remain strong. Data shows a healthy uptick in active addresses, transaction volumes, and total value locked in DeFi protocols built on Ethereum. Additionally, hopes remain high for the approval of a spot Ethereum ETF in the U.S., with analysts suggesting a potential turnaround in institutional flows if approved.

Traders are now watching whether this rebound signals a sustained trend reversal or just a temporary relief rally. With key upgrades and ecosystem developments still in the pipeline, Ethereum’s ability to regain dominance may hinge on reigniting both investor confidence and broader developer activity.

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SEC says it won’t re-file fraud case against Hex’s Richard Heart

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The U.S. Securities and Exchange Commission (SEC) has confirmed it will not pursue a retrial in its fraud case against HEX founder Richard Heart, effectively bringing an end to one of the agency’s high-profile crypto enforcement actions.

The decision follows a recent court ruling that dismissed several key allegations against Heart, including claims that he misled investors and violated securities laws through the promotion and sale of HEX, PulseChain, and PulseX tokens. While the SEC initially signaled it would consider further legal options, it has now opted to forgo additional litigation.

Heart, a controversial figure in the crypto world, had long denied the SEC’s accusations, framing the lawsuit as an overreach by regulators. The agency had alleged that Heart raised over $1 billion from investors while misrepresenting how funds would be used and failing to register the offerings.

With the SEC stepping back, the dismissal marks a rare instance in which the regulator has chosen not to continue a crypto-related fraud case, potentially signaling a reassessment of its approach amid growing legal pushback and mounting scrutiny over its enforcement tactics.

Although the case is now closed, legal analysts suggest the outcome could influence future regulatory efforts and may embolden other crypto founders facing similar challenges. Heart, meanwhile, has positioned the development as a vindication, reaffirming his stance that HEX and related projects were never in violation of U.S. securities laws.

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