Cardano (ADA) traded mildly weaker on Tuesday despite a strong showing earlier in the week. The broader crypto market experienced a pullback led by Bitcoin’s dip to around $108,923 at press time. However, ADA’s resilience over the past few days, with four consecutive bullish daily candles since Friday, has analysts eyeing a potential breakout that could rival its all-time highs. Popular crypto analyst Javon Marks has reignited bullish sentiment, tweeting that Cardano could surge as much as 666% from current levels. “Using ADA (Cardano)’s previous bull cycle as a guide for this one,” Marks wrote, “ prices could be setting up for another move to and above its 1.272 Fibonacci Level, which is currently at the ~$5.35 price point.” Notably, this mirrors a similar prediction he made in March, reinforcing his long-term outlook based on Fibonacci extension models. If his forecast holds, it would mark one of the most substantial rallies among major altcoins. Marks isn’t the only analyst turning bullish on ADA. Master Ananda also pointed to a consistent pattern of higher lows since June 2023. According to him, recent support zones formed between February and April 2025 suggest a breakout could soon take shape. “Cardano looks great,” Ananda tweeted . “ After four weeks of retrace, we can expect soon higher prices. $2.65 and $4.29 are the main targets.” Adding to the optimism, analyst Trend Rider highlighted a possible “double bottom” formation in ADA’s chart. This is a bullish reversal pattern that, according to academic research, predicts price increases with about 65% accuracy when confirmed by trading volume. That said, the growing bullish sentiment is also being supported by on-chain data. Crypto analyst Ali Martinez revealed Tuesday that whales have accumulated over 120 million ADA tokens in the past 48 hours, based on data from Santiment. Whale activity of this magnitude often precedes price rallies, as it signals rising confidence from influential market players. Beyond price charts and market speculation, Cardano’s fundamental developments are strengthening the case for a long-term rally. On Monday, Cardano founder Charles Hoskinson announced the launch of “Cardinal”, the blockchain’s first Bitcoin-backed DeFi protocol. Cardinal allows users to engage in defi using BTC on Cardano without relying on centralized custodians, utilizing advanced cryptographic tools like MuSig2 and wrapped UTXO. The Cardinal protocol enables BTC to be used across DeFi platforms such as MinswapDEX, SundaeSwap, and Fluid Tokens for trading, lending, and collateral, all while preserving full self-custody. Following the announcement, ADA’s trading volume soared nearly 70% to $839 million, with ADA climbing 2.36% in the past 24 hours to trade at $0.7 at press time.
BitcoinWorld Bitcoin Demand Soars: US Investors Pull BTC From Exchanges Signaling Strong Conviction The cryptocurrency market is always buzzing with activity, but recent data points towards a significant shift specifically within the United States. We’re seeing compelling evidence that U.S. Bitcoin demand is experiencing a notable resurgence, driven by factors that suggest long-term conviction rather than speculative trading. Understanding the Surge in U.S. Bitcoin Demand One of the most closely watched indicators for U.S. buying interest in Bitcoin is the Coinbase Premium. This metric tracks the price difference between Bitcoin on Coinbase, a major U.S. exchange, and other global exchanges like Binance. A positive premium suggests stronger buying pressure on Coinbase compared to elsewhere, often signaling demand from U.S.-based investors, both retail and institutional. According to data from on-chain analytics platform CryptoQuant, the Coinbase Premium has recently reached its highest level since February 3rd, hitting a significant $109.55. This substantial premium indicates that buyers on Coinbase are willing to pay a premium for Bitcoin, a clear sign of robust U.S. demand entering the market. Significant Bitcoin Exchange Withdrawals Point to Long-Term Holding Beyond the premium on U.S. exchanges, another critical data point supporting the narrative of increasing Bitcoin exchange withdrawals. Since July 2024, a staggering 550,000 BTC have been pulled from known exchange wallets. This movement is particularly significant because it often suggests investors are moving their assets into cold storage or private wallets, signaling an intent to hold for the long term rather than keeping funds on exchanges for potential quick selling. Think of it this way: if you plan to sell your Bitcoin soon, you keep it on an exchange for easy access. If you believe the price will rise significantly over time and you intend to hold for months or years, you withdraw it to a more secure, non-custodial wallet. The large volume of these withdrawals points to a collective investor mindset focused on accumulation and holding. What Does the Coinbase Premium Tell Us About BTC Demand? Let’s delve a little deeper into the Coinbase Premium. While $109.55 might seem like a small number relative to Bitcoin’s price, it represents a significant percentage difference that traders and analysts pay close attention to. Historically, periods of sustained positive Coinbase Premium have coincided with strong upward price movements for Bitcoin, as it reflects consistent buying pressure from a major market participant base. The recent spike suggests that despite any recent price corrections or sideways movement, the appetite for acquiring Bitcoin among U.S. investors remains strong. This persistent buying is absorbing available supply, contributing to the upward price pressure observed in the market. Expert Bitcoin Market Analysis on Current Trends On-chain data provides valuable insights, but expert interpretation helps piece the puzzle together. Crypto analyst Crypto Dan weighed in on the trend of exchange withdrawals, suggesting that this behavior reflects a typical pattern seen during a post-correction bullish cycle. In such cycles, savvy investors tend to accumulate during price dips and then move those holdings off exchanges in anticipation of future price appreciation. Another analyst, known as Baykuş, echoed this sentiment, noting that investors are steadily pulling BTC off exchanges. Baykuş interprets this as a clear signal of strong conviction to hold rather than sell. This reinforces the idea that current buyers are not short-term speculators but rather individuals and institutions with a longer time horizon, confident in Bitcoin’s future value. Here’s a quick summary of the key data points and analyst insights: Coinbase Premium: Reached $109.55, highest since Feb 3rd, indicating strong U.S. buying pressure. Exchange Withdrawals: 550,000 BTC withdrawn since July 2024, suggesting movement towards long-term holding. Crypto Dan’s View: Withdrawal behavior is typical of a post-correction bullish accumulation phase. Baykuş’s View: Steady withdrawals signal strong investor conviction to hold rather than sell. Implications of Strong U.S. Conviction What does this mean for the broader Bitcoin market analysis? When long-term holders remove supply from exchanges, it reduces the amount of Bitcoin readily available for sale. With persistent demand, especially from a major market like the U.S., a reduction in available supply can create a supply shock, potentially leading to upward price pressure. The combination of rising Coinbase Premium and significant exchange outflows paints a picture of a market where new demand is being met with reduced selling pressure from those accumulating. This dynamic is often characteristic of periods preceding or during bullish price trends. Challenges and Considerations While the data is compelling, it’s important to remember that the crypto market can be volatile. Macroeconomic factors, regulatory news, and unexpected events can still impact price action. However, the underlying trend of strong U.S. accumulation and withdrawal from exchanges provides a bullish fundamental backdrop that is difficult to ignore. Actionable Insights for Investors For those following the market, these indicators suggest that significant players, particularly in the U.S., are positioning themselves for potential long-term gains. While this analysis is positive, it is crucial to conduct your own research (DYOR) and consider your own risk tolerance before making any investment decisions. Understanding these on-chain metrics can provide valuable context, but they are just one piece of the puzzle. Conclusion: A Bullish Signal from the West The data is clear: U.S. demand for Bitcoin is surging, and investors are backing up that demand with action, moving hundreds of thousands of BTC off exchanges. The elevated Coinbase Premium confirms robust buying interest, while the large-scale withdrawals signal a strong conviction to hold for the future. Coupled with expert analysis pointing towards a post-correction accumulation phase, these trends paint a decidedly bullish picture for Bitcoin from the perspective of U.S. market participation. This confluence of factors suggests that many are anticipating further upside and are securing their positions for the long haul. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Demand Soars: US Investors Pull BTC From Exchanges Signaling Strong Conviction first appeared on BitcoinWorld and is written by Editorial Team
Ethereum (ETH) showed renewed strength this week, clim bing strongly alongside Bitcoin since Monday and edging out of a multi-day stretch of low volatility some jokingly called the newest “stablecoin.” But while the recent price movement may seem modest, some analysts believe the second-largest cryptocurrency by market capitalization could be gearing up for a much larger breakout. According to market analyst Gert van Lagen, Ethereum may be significantly undervalued at current levels. In a post on Monday, van Lagen pointed to a clear inverse head and shoulders formation developing on Ethereum’s two-week chart. This bullish technical pattern often signals a major trend reversal. He projects a potential upside target of $19,500, a price level that would mark a new all-time high for ETH and nearly five times its current value. “ ETH [2W] may be closer to $20k than most anticipate,” van Lagen tweeted , emphasizing that a 1.5-year descending broadening wedge, a separate bullish pattern, is also unfolding, reinforcing the potential for a powerful upward breakout. Elsewhere, analyst Master Ananda added weight to the bullish case, noting that Ethereum recently broke above the 200-day moving average, a long-term indicator that traders often view as a signal of sustained bullish momentum. According to Ananda, this is the first time ETH has moved above this line from a low point since November 2024. “This is massive,” he stated on Tradingview, describing it as one of the most reliable bullish indicators in technical analysis. “ Ethereum is now ready to grow for six months straight, minimum.” Ananda forecasted potential price levels of $5,790 and $8,513 in the coming bullish wave, but cautioned that the real upside could extend far beyond those figures. In the background, activity on the Ethereum network is also soaring, which has historically been a precursor for price growth, according to data from blockchain analytics platform GrowThePie. Additionally, institutional confidence in Ethereum appears to be strengthening. According to a research note by analysts at Bernstein on Monday, Ethereum is entering a critical phase of recognition as a foundational layer for financial innovation. The analysts cited rising inflows into Ethereum ETFs, $815 million over the past 20 days and $658 million year-to-date, as evidence of growing investor interest. They noted that while Bitcoin remains a popular store of value, Ethereum is gaining attention for its real-world utility, particularly in areas like stablecoin issuance and tokenized assets. That said, as global payment firms like Visa, Stripe, and Mastercard build stablecoin strategies, Ethereum’s role in powering these systems is becoming harder to ignore. Bernstein analysts argued that Ethereum is no longer just an experimental protocol but a key player in the evolving digital finance landscape. ETH was trading at $2,739 at press time, reflecting an 6.69% surge over the past 24 hours.
BitcoinWorld Bitcoin: Explosive Breakout Confirms Bullish Uptrend Hey there, fellow crypto enthusiasts! Are you watching the charts? Because Bitcoin price just made a move that’s got everyone talking. After a period of consolidation, BTC has decisively broken out of a significant technical pattern, suggesting that the upward momentum might be far from over. This isn’t just noise; it’s a signal that many analysts believe points towards the continuation of the current bullish trend . Understanding the Bitcoin Bullish Triangle Breakout So, what exactly happened? Bitcoin’s price action recently formed what technical analysts call a ‘bullish triangle’ pattern. This pattern typically occurs during an uptrend when the price consolidates between converging support and resistance lines. The key characteristics include: Converging Lines: A descending resistance line (lower highs) and an ascending support line (higher lows) squeeze the price into a narrower range. Decreasing Volume: Often, volume tends to decrease as the pattern forms, reflecting indecision in the market. The Breakout: A decisive move, usually accompanied by increased volume, breaking above the resistance line. This is the signal that buyers have regained control. The recent price surge saw BTC push above the upper boundary of this triangle, confirming the crypto breakout . This specific type of triangle is generally considered a ‘continuation pattern,’ meaning that once the breakout occurs, the prior trend (in this case, bullish) is likely to continue. What’s Driving This BTC Analysis and Market Sentiment? According to insights shared by crypto financial services firm Matrixport, this breakout isn’t happening in a vacuum. Several factors seem to be aligning: Renewed Capital Inflows: The technical breakout is often a catalyst, attracting fresh capital back into the market as traders and investors see a clear directional signal. Diminishing External Concerns: Matrixport points to easing concerns over potential tariffs and limited expected impact from upcoming U.S. Consumer Price Index (CPI) data. While CPI is crucial for assessing inflation and potential Federal Reserve actions (which heavily influence risk assets like crypto), the market seems to be pricing in a scenario where the next report won’t derail the current positive sentiment significantly. This combination of positive technical signals and favorable market sentiment is powerful. When the technical picture aligns with the fundamental or sentiment-based analysis, it strengthens the conviction behind the move. Why Key Support Levels Matter for the Bullish Trend In any market, identifying and respecting support levels is critical, especially after a breakout. A support level is a price point or zone where buying interest is strong enough to potentially halt a decline. For the current bullish trend in Bitcoin to remain robust, holding above key support is paramount. While specific numbers can change as the market evolves, analysts are closely watching previous resistance levels that could now act as support. A successful breakout often means the former resistance becomes the new floor. If the price were to fall back below the breakout level and significant support zones, it could signal a ‘fakeout’ and potentially invalidate the bullish view. Therefore, monitoring these levels is a key part of any sound BTC analysis right now. Navigating the Crypto Market: Opportunities and Risks A confirmed crypto breakout like this presents potential opportunities for traders and investors looking to participate in the continuation of the uptrend. However, it’s crucial to approach the market with caution and a clear strategy. Potential Opportunities: Trend Following: Entering positions based on the confirmed bullish signal. Target Identification: Using technical analysis (like measuring the height of the triangle) to project potential price targets. Increased Confidence: The clear technical signal can boost confidence for those already in long positions. Potential Risks: Fakeouts: Breakouts can sometimes fail, with the price quickly reversing back into the pattern or below support. Volatility: The crypto market is inherently volatile, and sharp pullbacks can occur even within a strong uptrend. External Factors: Unexpected macroeconomic news or regulatory developments could still impact sentiment. This is why risk management is non-negotiable. Using stop-loss orders and managing position sizes are essential practices. Actionable Insights for Your Bitcoin Strategy Based on the current BTC analysis and the confirmed breakout, here are some actionable takeaways: Monitor Key Support: Keep a close eye on the price levels that previously acted as resistance and are now expected to provide support. A sustained hold above these levels strengthens the bullish case. Watch Volume: Continued healthy volume on upward moves is a positive sign. Declining volume during rallies or increasing volume on declines could be cautionary signals. Stay Informed on Macro News: While the immediate CPI impact might be limited, future economic data and central bank commentary remain important drivers for the broader crypto market . Plan Your Entry/Exit: If you’re considering entering a position based on this breakout, have a clear plan for your entry point, potential targets, and most importantly, your stop-loss level. Be Mindful of Volatility: Don’t over-leverage. The potential rewards in crypto come with significant risk. Looking Ahead: What Could Drive the Bullish Trend Further? Beyond the immediate technical breakout and current sentiment, several factors could contribute to the continuation of the bullish trend for Bitcoin price : Institutional adoption continues to be a significant narrative. The approval and success of Bitcoin ETFs have opened new avenues for traditional investors to gain exposure. Continued inflows into these products could provide sustained buying pressure. Halving events, while already priced in to some extent, reduce the supply of new Bitcoin entering the market, which historically has been a bullish catalyst over the medium to long term. Global economic conditions and the actions of central banks will continue to play a role. A shift towards more accommodative monetary policies, if it occurs, could increase appetite for risk assets like Bitcoin. Technically, traders will be looking for the price to clear subsequent resistance levels on its way up. Each successful break of resistance reinforces the strength of the trend. Summary: Is the Path Clear for Higher Bitcoin Prices? The recent crypto breakout from the bullish triangle is a significant technical development for Bitcoin price . It aligns with positive sentiment indicators like renewed capital inflows and diminishing immediate concerns over macroeconomic data like CPI, as highlighted by Matrixport’s BTC analysis . While the market is always subject to unpredictable events and volatility, the technical picture, supported by underlying sentiment, suggests that the bullish trend has a strong chance of continuing. However, staying vigilant, monitoring key support levels, and employing sound risk management strategies are crucial for navigating the dynamic crypto market . This breakout provides a compelling signal, but the journey upward requires careful observation and informed decision-making. To learn more about the latest Bitcoin and crypto market trends, explore our articles on key developments shaping Bitcoin price action and the broader crypto market outlook. This post Bitcoin: Explosive Breakout Confirms Bullish Uptrend first appeared on BitcoinWorld and is written by Editorial Team
Chainlink is set to play a major role as Hong Kong’s central bank takes a big step in its digital currency tests. Phase two of the e-HKD pilot will try moving tokenized Hong Kong dollars across borders. The plan is to swap e-HKD for A$DC, an Australian dollar stablecoin. This could cut settlement times from days to seconds. It may also show how central banks can work together with blockchain technology. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC Hong Kong And Australia Test Digital Cash According to reports, the project will use Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, to handle transfers. The goal is simple. Move money in real time and make sure both sides get what they expect. Phase two kicks off with Hong Kong authorities and their counterparts in Australia. They will swap e-HKD for A$DC and aim for instant settlement. Based on reports, this setup could serve as a model for other central banks. We’re excited to share that Chainlink is facilitating the secure exchange of a Hong Kong CBDC and an Australian dollar stablecoin as part of an ongoing use case in Phase 2 of the e-HKD+ Pilot Program. Congratulations to participants @Visa, ANZ, China AMC, and Fidelity… pic.twitter.com/ts2C6Vt4Ul — Chainlink (@chainlink) June 9, 2025 Chainlink Tools In Use Chainlink is not just a name in the mix. It brings two big pieces of tech to the table. CCIP handles the cross-chain messages, acting like a bridge between different blockchains. The Digital Transfer Agent, or DTA, deals with compliance. It keeps track of who owns what token and makes sure rules in different countries are met. In May, World Liberty Financial tapped Chainlink for cross-chain stablecoin transfers covering USD1. That earlier deal hinted at what’s possible this time around. Big Names Join The Pilot Visa and ANZ are helping with payment processing for e-HKD and A$DC. Asset managers Fidelity International and ChinaAMC will also take part. Their job is to manage the tokenized funds on both sides. This mix of banks, asset managers and tech firms shows the project is more than a small test. It has real money and real risks involved. Reports disclosed that those risks are managed by a Payment-versus-Payment model. This means funds are only released when both sides confirm they have received the other asset. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says Market Moves And Reactions LINK, the token for Chainlink, jumped by 6% after news of the pilot broke. It now trades at $14.70. That rise follows a wider market rally driven by hopes that Bitcoin may hit $110,000 before the week’s end. According to market data, crypto traders often chase big targets. Short-term gains can be tempting. But they can also lead to quick sell-offs if the main story fades. Despite the rally, Bitcoin still tracks the equity swings rather closely. There is a mix of bulls and bears in futures data that suggests some people are not yet convinced this run will last. High volatility can shake out weaker hands at the first sign of trouble. A sudden change in risk sentiment or a fresh macro shock can quickly reverse gains. Featured image from Imagen, chart from TradingView
The Trump-affiliated firm American Bitcoin disclosed in a recent U.S. Securities and Exchange Commission (SEC) filing that it has acquired “approximately 215 bitcoin” to bolster its reserves. American Bitcoin’s Crypto Bet Grows American Bitcoin, a mining venture established in early 2025, emerged through a collaboration between Hut 8—a North American digital asset mining firm—Eric Trump,
Cathie Wood’s ARK Invest: Bitcoin Gains Coming Alongside Clear Stress in Housing, Autos $BTC #Bitcoin
A recent cyberattack on Paraguay’s President Santiago Peña’s official X account sparked a false announcement claiming Bitcoin as legal tender, which was swiftly debunked by government officials. The incident caused
Siebert Financial Corp., a well-known financial services company, is set to raise a massive $100 million to fund its crypto investments. On Monday, the company revealed that the U.S. Securities and Exchange Commission (SEC) has approved its S-3 shelf registration. This approval allows the Nasdaq-listed firm to invest the money raised in cryptocurrencies, artificial intelligence (AI), and possible new business acquisitions. This decision comes as many public companies increasingly invest in digital assets and Artificial Intelligence (AI) technology. Siebert Financial To Invest in Digital Assets and Technology Siebert clarified that this fundraising effort is part of a bigger plan. The firm wants to expand its technology capabilities and strengthen its position in digital finance. John Gebbia, Siebert’s CEO, called the shelf registration a foundational step for growing the company’s technology strategy. Siebert plans to invest some of the funds in major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). These digital assets have become more popular among companies looking to diversify their holdings and tap into the potential of blockchain technology . The company will also explore using AI-powered services to improve its operations and client service. Siebert’s Move Signals Strategy for Long-Term Growth Siebert’s leaders see this capital raise as essential to their long-term growth plan. For context, a shelf registration, like the S-3 type, is designed to allow a company to sell stocks or bonds over time when market conditions are favorable. With approval from the SEC, Siebert can move quickly when new opportunities arise. This will enable the Nasdaq-listed firm to explore fast-growing innovative sectors, including AI and blockchain technology. In addition, the approval also gives Siebert the advantage of not having to raise the full $100 million at once. The firm can offer smaller amounts based on its needs and market trends. Using an S-3 shelf registration, Siebert focuses on growth and innovation as it moves into new areas like crypto and AI. Siebert Follows a Bigger Trend in Corporate Crypto Adoption Siebert’s move is not insolation. Many other companies are increasing their investments in cryptocurrencies. Strategy, led by popular Bitcoin advocate Michael Saylor, remains the largest public holder of Bitcoin. On the same day as Siebert’s announcement, Strategy disclosed it had bought another 1,045 BTC for about $110.2 million. This brings its total Bitcoin holdings to an impressive 582,000 BTC. Other firms are also making moves. Trump Media, GameStop, and research firm K33 have all revealed plans to increase their Bitcoin holdings. Meanwhile, Japan’s Metaplanet recently launched a $5.4 billion equity offering to buy even more Bitcoin. The post Siebert Financial to Raise $100M to Fuel Crypto and AI Growth Plan appeared first on TheCoinrise.com .
Plenty of price fluctuations are sending Bitcoin this way and that, but Ethereum (ETH) appears to be holding its own. With $BTC in the red, along with a good part of the altcoins, $ETH is up on the day and threatening to break through the $2,700 major resistance. Is $ETH about to break much higher, or is another rejection in the offing? ETH/USD at critical juncture Source: TradingView Going straight into the higher time frame for $ETH it can be seen that the number 2 cryptocurrency by market capitalization is at a critical juncture. The price has been in a range during the last few weeks and is right at the top of this currently. If the bulls can tip the price over and into the horizontal resistance band that stretches from $2,750 up to $2,900, the $ETH price could have the chance to consolidate here; perhaps moving sideways for a period until shorter-term time frame Stochastic RSIs can reset. $ETH confirms breakout against $BTC pair Source: TradingView The 4-hour time frame for ETH/BTC reveals that $ETH has just penetrated the descending trendline, has come back to test it, and is now consolidating above. A higher high has been made, although out in the higher time frame of the weekly, the Stochastic RSI indicators have reached the top, meaning that there could be a longer period of consolidation to come. Huge task confronts $ETH bulls against $BTC Source: TradingView Zooming out into that weekly time frame for ETH/BTC the sheer size of the task confronting the $ETH bulls becomes apparent. While $ETH is up 40% against its $BTC pair recently, this is still a drop in the ocean compared to what needs to be done. It can be noted just how strong the current horizontal resistance level is. However, the bulls have to start somewhere and if this level can be overcome, the next resistance is at 0.03 BTC. The $ETH bulls will need all the luck they can get. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.