Analyst Sets $220,000 Minimum Price Target For Bitcoin, But How Will It Get There?
A crypto analyst has identified a multi-year Cup and Handle pattern on the Bitcoin (BTC) chart that he says has gone largely unnoticed by the broader market, despite its significance. The analyst believes this single formation signals a major bull trend ahead for Bitcoin, projecting a minimum price target of $220,000 once the cryptocurrency begins…
XRP Market Now Controlled By Whales? Dominance Reaches 91% On Binance
US spot XRP exchange-traded funds recorded net inflows of $11.28 million on Tuesday, marking their second consecutive positive day — a streak that coincides with a sharp shift in who is actually moving XRP off centralized exchanges. Whales Take Over The Outflow Picture Large holders now account for 91.4% of all XRP leaving Binance, according…
The Crypto Industry Is Dying, That Is A Good Thing, Says Anthony Pompliano
Anthony Pompliano says most of the crypto industry is already dead and that the market has not fully admitted it yet. In a May 6 video posted on X, the Bitcoin investor and commentator argued that the sector’s long tail of unused chains, illiquid tokens and speculative projects is being cleared out as the parts…
XRP’s Biggest Holders Just Stopped Sending Tokens to Exchanges: Last Time Was November 2021
XRP is trading above $1.41 as the market enters what feels like a decisive phase — a consolidation that has been building long enough that the next directional move is increasingly difficult to delay. The price is constructive, and an Arab Chain report tracking whale behavior on Binance has just identified a shift in large…
Hyperliquid Q1 Report—The ‘House Of All Finance’ Is Nearer Than Ever, Here’s Why
On Thursday, the Hyperliquid Research Collective (HRC) released the first-quarter (Q1) blockchain report on Hyperliquid (HYPE). The report highlights strong progress in several core areas, as well as weaker performance in others. The document also points to a broader narrative for the platform, arguing that Q1 brought Hyperliquid closer to its “House of All Finance”…
Bitcoin Price Gives Up Part Of Rally, Sellers Reappear Near Highs
Bitcoin price started a fresh decline below the $81,200 zone. BTC is correcting gains and might struggle to stay above the $78,800 support. Bitcoin failed to stay above $80,500 and extended losses. The price is trading below $81,000 and the 100 hourly simple moving average. There was a break below a bullish trend line with…
Ethereum Price Extends Decline As $2,220 Support Comes Into Play
Ethereum price started a downside correction below $2,350. ETH is now showing a few bearish signs and might decline further if it trades below $2,265. Ethereum started a downside correction below the $2,365 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance…
Bullish Signal? Crypto Funds Log 5th Consecutive Week Of Inflows
US spot Bitcoin ETFs kicked off this week with $532 million in single-day crypto inflows on Monday, led by BlackRock’s IBIT at $335 million and Fidelity’s FBTC at $184 million. That strong start followed a week that nearly ended in the red — saved only by a massive Friday session that kept a five-week winning…
VanEck Forecast: Bitcoin Could Climb To $1,000,000 By 2031, Research Head Says
Bitcoin is trading just above the $81,000 level as the market waits to see whether the next move will push higher or pull back. Against that backdrop, Matthew Siegel, head of digital asset research at VanEck, reiterated his bullish view on the leading cryptocurrency. In a Wednesday interview with CNBC, Siegel again pointed to a…
Bitcoin Jumps Above $82,000 As US-Iran Deal Hopes Lift Markets
Bitcoin pushed above $82,000 on Wednesday as markets rallied around fresh hopes that the US and Iran are moving closer to a framework agreement that could cool the conflict and ease pressure on global energy markets. The move extended Bitcoin’s recovery from its early-February low near $60,000, putting the asset up more than 36% from…