Bitcoin’s price is poised for a significant breakout, with technical indicators signaling a potential surge toward new all-time highs above $110,000. Multiple on-chain metrics and market patterns support a bullish
The post XRP Poised For Breakout, $4.60 in Sight, Says Veteran Trader appeared first on Coinpedia Fintech News Ripple’s XRP could be on the edge of a breakout that no one wants to miss. After holding steady near the $2.20 level, XRP has started to climb again, and some traders believe this might just be the beginning. Well-known crypto trader Captain Faibik now says XRP could double from here, with a bold price target of $4.60 if this rally picks up speed. XRP Bullish Triangle Targets $4.60 In his recent tweet post , Captain Faibik shared a clear chart showing XRP stuck inside a big triangle pattern. or months, the price has been bouncing between the top and bottom lines of this triangle, building up pressure for a big move. Now, according to Faibik, XRP is very close to breaking out, and if buyers push the price above the top line, it could rally fast. XRP recently climbed back above $2.22, following in the footsteps of Bitcoin and Ethereum. It even broke past the $2.23 level, showing strength. Faibik says the bulls look ready to win this time. If XRP can close strongly above that top line with good trading volume, he sees the next stop around $4.60, a big jump from where XRP is today. XRP ETF Approval Odds Surge XRP Hopes XRP has always been one of the most talked-about yet tough coins in crypto. Recently, news that Ripple’s lawsuit with the SEC may soon end has boosted hopes for a Spot XRP ETF. According to prediction platform Polymarket , the chances of approval by the U.S. SEC now stand at an impressive 95%. Captain Faibik believes this kind of bullish news could give XRP the push it needs to break through its strong resistance level and reach new highs. Another Decline, If Things Go Wrong Meanwhile, nothing is guaranteed in crypto. If XRP fails to break out, this triangle could turn into a trap for bulls, and the price might move sideways or even drop lower. The first support level on the downside is around $2, with stronger support sitting near $1.74.
Ethereum is poised for a significant resurgence as stablecoins gain momentum, driven by increased adoption and regulatory support, according to Fundstrat’s Tom Lee. Lee highlights the critical role of stablecoins,
UK-based pension consultancy firm Cartwright has announced that the country’s first Defined Benefit (DB) pension fund has returned 60% in one year after allocating 3% of its portfolio to Bitcoin. Cartwright stated that with this important development, other institutional customers have also started to show interest in Bitcoin. The firm advised an unnamed British pension fund on Bitcoin investment in November 2024. The firm’s senior investment advisor Arash Nasri said in a statement that the initial response in the industry had been “surprisingly positive.” Following these developments, Cartwright has now published its first “Annual Bitcoin Assessment Report.” The purpose of this report is described as increasing Bitcoin awareness among institutional investors. When asked whether the fund would increase its Bitcoin allocation in the future, Nasri said: “If Bitcoin continues to provide the returns we expect, our real question will be ‘when should we reduce it?’” It was learned that the firm has started talks with other clients about similar investments. However, Nasri said that pension funds need to fully understand Bitcoin and take steps with a long-term perspective. Stating that Cartwright has a neutral position in this process, Nasri said, “We are not a firm that manages investments. We are independent advisors and have built up a serious knowledge base to understand the potential impacts of Bitcoin on individuals, companies, asset owners and governments. “It is our duty to investors to raise awareness in this area,” he said. However, adding that there are still some skeptics in the sector, Nasri stated that the argument that “Bitcoin’s price is too volatile” is frequently voiced, but this approach is disappointing, and added, “Our sector should be experts in portfolio management and position sizing. “This reluctance to understand a new form of money and technology is very thought-provoking,” he said. *This is not investment advice. Continue Reading: Last Year, a Pension Fund Invested in Bitcoin for the First Time in the UK: Today They Announced the Profit Rate They Made!
Two individuals from the UK, Raymondip Bedi and Patrick Mavanga, have been sentenced to a combined total of 12 years in prison for their involvement in a $2.1 million cryptocurrency fraud, following a prosecution by the FCA. Between February 2017 and June 2019, the pair cold-called victims, selling fake investments in cryptocurrency and defrauding at
Binance has reported that the recently launched TGE project Palio encountered difficulties in finalizing its liquidity deposit. The platform is currently engaged in addressing the issue to ensure compliance with
Elon Musk has announced he’s starting his own political party called the “America Party," while dropping hints he’s still backing bitcoin...
A widely used Bitcoin technical analysis indicator suggests that BTC is on the verge of a “big move” toward new all-time highs.
A trader on the Hyperliquid platform known by the pseudonym Qwatio on X has suffered massive losses after repeatedly shorting Bitcoin (BTC) and Ethereum (ETH) during the recent market upswing. The trader was liquidated five times over the weekend alone, bringing the total number of liquidations to ten in the span of just a few days. According to crypto market activity tracker Lookonchain, Qwatio placed highly leveraged bets against BTC and ETH, which led to the loss of approximately $3.7 million in the last week. Data from CoinGlass shows a total of 387 BTC worth about $42.18 million and 2,990 ETH valued at $7.65 million were liquidated from Qwatio’s account. Once holding a balance of $16.28 million, the account is now just worth $610,000, recording a $15.67 million in realized losses. Hyperliquid trader makes losses after Q1 bull run The trader had opened $200 million worth of 50x leveraged short positions on BTC and ETH just hours before US President Donald Trump signed an executive order establishing a national crypto reserve in March. The market had seen the order as bullish, and pushed crypto markets alongside BTC to highs , triggering Qwatio’s early losses. They are also known for having held a large position in the Melania coin during its initial launch earlier in 2025. After losing thousands of dollars Qwatio continued shorting the two largest coins by market cap into the second quarter of the year. On July 4, after already being liquidated 10 times, the trader opened another short position against Bitcoin, betting 21 BTC valued at $2.3 million while the asset was trading at $109,135, just $2,000 down from its all-time high level. The coin has since dropped to $108,993, and Qwatio will be hoping it goes further down against the predictions of analysts, who have asserted that BTC is in a “weak positive” short-term market sentiment. Market wide short and long liquidations surge Qwatio’s losses took place against the backdrop of several liquidations in the crypto derivatives market. In the 24-hour period ending July 7, total liquidations across all major cryptocurrencies reached $184.16 million, according to CoinGlass. The numbers included $47.14 million in long positions and $137.01 million in short positions, a strong squeeze on bearish traders as markets are trading in the green. Ethereum led the liquidation totals, with $64.14 million wiped out, $49.62 million from short positions and $14.52 million from longs. Bitcoin followed, with $35.38 million liquidated, including $31.25 million in short positions. Many traders, like Qwatio, misjudged the market direction and were caught off-guard by the strength of the market uptick. NVT golden cross on BTC chart spells price topping According to a CryptoQuant take, the NVT golden cross successfully flagged three recent tops in 2025: February 2, March 24, and June 16. On each occasion, the indicator peaked above the 2.2 threshold, coinciding with BTC price highs of $97,600, $87,500, and $106,800 respectively. Each peak was followed by corrections of -23.65%, -16.06%, and -9.87%. Source: CryptoQuant As of the latest reading, the NVT GC stands at 1.98, yet to breach the 2.2 signal line again, but has room for a price momentum on the upside. Analysts believe that if the NVT crosses 2.2, there will be a price pullback for several days. Bitcoin’s price rise has triggered a chain reaction across derivatives platforms, particularly on Binance, where short positions have been on the rise. Many traders appeared to interpret the rally as a selling opportunity. Still, the continued ascent in BTC’s price forced many of these short-sellers into liquidation or margin calls. The liquidations have helped fuel a bullish feedback loop, accelerating the upward price movement. When bearish bets are squeezed out of the market, bullish momentum builds, a pattern visible in this week’s trading behavior. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Binance has reported unusual price volatility across several of its top tokens, with some experiencing sudden drops of up to 37%, raising concerns within the crypto community. Despite the significant