Why Bitcoin Is Going Down: MetaMask Plans BTC, Solana with Gas-Free Transactions

Friday, 28/02/2025 | 14:52 GMT by Tareq Sikder
  • MetaMask will introduce batched transactions, allowing users to combine multiple actions and reduce steps and costs.
  • BTCUSD remains bearish on H1, with bullish correction and confluence level influencing its next direction.
bitcoin

MetaMask plans to expand its network support and update its transaction features this year. The self-custodial crypto wallet will integrate the Bitcoin network in the third quarter and Solana in May. Solana will be the first non-Ethereum Virtual Machine (EVM) chain on MetaMask.

Meanwhile, BTCUSD has been bearish on the H1 chart. Over the last five hours, the price has been heading north. A confluence level could play a key role in determining its next direction on the intraday charts.

Introducing Batched Transactions and Gas-Free Swaps

MetaMask will upgrade its gas-included swaps feature. Users will be able to pay for swaps with any token they hold. The company aims to eventually remove gas fees from most interactions, Cointelegraph reported.

The wallet will adopt ERC-5792, enabling batched transactions. This feature will let users combine multiple actions, such as token approvals and swaps, in one click. MetaMask will also transition from Externally Owned Accounts to smart-contract -based accounts. The shift is expected to improve security and unlock additional functions.

New Wallet Features Enable Multi-Chain View, Recovery Management

A new home screen will allow users to view assets across multiple chains in one place. The wallet will also introduce the ability to manage multiple Secret Recovery Phrases from a single interface.

MetaMask recently launched MetaMask Card in partnership with Mastercard. The card links self-custodial wallets with merchants worldwide.

Some users on X suggested that MetaMask has lost market share to competitors like Phantom and Rabby, which support Solana. Many of the top-performing tokens from the 2024 memecoin trend were traded on Solana.

BTCUSD, H1 Chart, Source: TradingView
BTCUSD, H1 Chart, Source: TradingView

BTCUSD Confluence Resistance Level in Focus

The BTCUSD H1 chart indicates a prolonged downtrend. A bearish trend line is visible, and the 83350 level could act as a resistance point. This suggests the price may encounter a confluence resistance level.

A bearish pattern at this confluence level could trigger further downward momentum. Conversely, a bullish breakout at this level may shift the intraday outlook.

DeepSeek AI Outlines Bitcoin’s Future Scenarios

DeepSeek AI has outlined three potential scenarios for Bitcoin in 2025. In the base case, Bitcoin is expected to trade between $100,000 and $150,000, as reported by Finance Magnates.

In a bullish ā€œhyperbitcoinizationā€ scenario, the price could reach $350,000. A black swan scenario suggests a peak of $500,000. These projections are based on expectations of increased institutional adoption and broader blockchain integration in global finance. However, DeepSeek AI highlights the uncertainty and volatility surrounding these forecasts.

MetaMask plans to expand its network support and update its transaction features this year. The self-custodial crypto wallet will integrate the Bitcoin network in the third quarter and Solana in May. Solana will be the first non-Ethereum Virtual Machine (EVM) chain on MetaMask.

Meanwhile, BTCUSD has been bearish on the H1 chart. Over the last five hours, the price has been heading north. A confluence level could play a key role in determining its next direction on the intraday charts.

Introducing Batched Transactions and Gas-Free Swaps

MetaMask will upgrade its gas-included swaps feature. Users will be able to pay for swaps with any token they hold. The company aims to eventually remove gas fees from most interactions, Cointelegraph reported.

The wallet will adopt ERC-5792, enabling batched transactions. This feature will let users combine multiple actions, such as token approvals and swaps, in one click. MetaMask will also transition from Externally Owned Accounts to smart-contract -based accounts. The shift is expected to improve security and unlock additional functions.

New Wallet Features Enable Multi-Chain View, Recovery Management

A new home screen will allow users to view assets across multiple chains in one place. The wallet will also introduce the ability to manage multiple Secret Recovery Phrases from a single interface.

MetaMask recently launched MetaMask Card in partnership with Mastercard. The card links self-custodial wallets with merchants worldwide.

Some users on X suggested that MetaMask has lost market share to competitors like Phantom and Rabby, which support Solana. Many of the top-performing tokens from the 2024 memecoin trend were traded on Solana.

BTCUSD, H1 Chart, Source: TradingView
BTCUSD, H1 Chart, Source: TradingView

BTCUSD Confluence Resistance Level in Focus

The BTCUSD H1 chart indicates a prolonged downtrend. A bearish trend line is visible, and the 83350 level could act as a resistance point. This suggests the price may encounter a confluence resistance level.

A bearish pattern at this confluence level could trigger further downward momentum. Conversely, a bullish breakout at this level may shift the intraday outlook.

DeepSeek AI Outlines Bitcoin’s Future Scenarios

DeepSeek AI has outlined three potential scenarios for Bitcoin in 2025. In the base case, Bitcoin is expected to trade between $100,000 and $150,000, as reported by Finance Magnates.

In a bullish ā€œhyperbitcoinizationā€ scenario, the price could reach $350,000. A black swan scenario suggests a peak of $500,000. These projections are based on expectations of increased institutional adoption and broader blockchain integration in global finance. However, DeepSeek AI highlights the uncertainty and volatility surrounding these forecasts.

About the Author: Tareq Sikder
Tareq Sikder
  • 1989 Articles
  • 32 Followers
About the Author: Tareq Sikder
A Forex technical analyst and writer who has been engaged in financial writing for 12 years.
  • 1989 Articles
  • 32 Followers

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