The SEC’s recent decision to delay its ruling on crucial ETF proposals marks a significant moment for digital asset investors, particularly for altcoins like Hedera and Polkadot. This postponement illustrates
Get ready for a bold prediction that’s making waves in the financial world! Michael Saylor, the well-known founder of Strategy (formerly MicroStrategy) and a staunch advocate for Bitcoin, recently shared his thoughts on the future of spot Bitcoin ETF products, specifically eyeing BlackRock’s offering. Attending the ‘Bitcoin Standard Corporations Investor Day’ event in New York, Saylor didn’t mince words. According to Eleanor Terrett, host of Crypto in America, reporting via X, Saylor made a significant forecast: he believes BlackRock’s spot Bitcoin exchange-traded fund, known by its ticker IBIT, is poised to become the single largest ETF in the world within the next decade. That’s a massive claim, considering the titans of the ETF universe currently track broad market indices like the S&P 500 or the Nasdaq. Why Michael Saylor is Bullish on BlackRock IBIT Michael Saylor’s conviction stems from his long-held belief in Bitcoin as a superior store of value and a rapidly maturing asset class. His company, MicroStrategy, has famously accumulated a substantial amount of Bitcoin on its balance sheet, demonstrating his deep commitment. Saylor sees the advent of spot Bitcoin ETFs, particularly one from a global financial giant like BlackRock, as a pivotal moment for Institutional Adoption. He likely reasons that the structure of an ETF removes many barriers that previously prevented large institutions and traditional investors from gaining exposure to Bitcoin. Think about it: Ease of Access: Buying an ETF share is as simple as buying a stock, fitting seamlessly into existing brokerage accounts and investment frameworks. Regulatory Clarity: While the underlying asset is volatile, the ETF structure itself is regulated, providing a level of comfort for compliance-conscious institutions. Custody Solutions: The ETF provider handles the complex and often daunting task of securely storing the underlying Bitcoin. Saylor views BlackRock’s significant market presence and trust among investors as key factors that will accelerate the flow of capital into IBIT, eventually propelling it to the top spot among all ETFs globally. BlackRock IBIT’s Performance in the Bitcoin ETF Race Since their launch in January 2024, spot Bitcoin ETFs in the U.S. have seen remarkable activity. BlackRock’s IBIT has been a standout performer, consistently attracting significant inflows of capital. While several issuers entered the market simultaneously, IBIT quickly distinguished itself, often leading in daily inflows and rapidly accumulating assets under management (AUM). Comparing IBIT to its peers: ETF Ticker Issuer Focus Key Trajectory IBIT BlackRock Spot Bitcoin Strong inflows, rapid AUM growth FBTC Fidelity Spot Bitcoin Also significant inflows, strong competitor ARKB Ark Invest / 21Shares Spot Bitcoin Consistent inflows, notable player GBTC Grayscale Spot Bitcoin (Conversion) Experienced outflows post-conversion The rapid accumulation of Bitcoin by IBIT and other new ETFs underscores the pent-up demand from investors who previously lacked an accessible, regulated pathway to invest in Bitcoin. BlackRock’s reputation and extensive distribution network are undoubtedly playing a crucial role in IBIT’s early success, lending weight to Saylor’s prediction about its future dominance. Can BlackRock IBIT Really Become the Largest ETF? This is the billion-dollar question (or perhaps, trillion-dollar question). To understand the magnitude of Saylor’s prediction, let’s look at the current landscape of the Largest ETFs by AUM globally. The top spots are typically held by funds tracking major stock indices: SPDR S&P 500 ETF Trust (SPY): Often cited as the largest, tracking the S&P 500 index. Vanguard Total Stock Market ETF (VTI): Tracks the entire U.S. stock market. Vanguard S&P 500 ETF (VOO): Another major S&P 500 tracker. Invesco QQQ Trust (QQQ): Tracks the Nasdaq-100 index. These ETFs manage hundreds of billions, and in some cases, well over a trillion dollars in assets. For IBIT to surpass them, it would require a truly colossal amount of capital flowing into the fund, implying a significant increase in Bitcoin’s price and/or massive reallocation of global investment portfolios towards Bitcoin via this specific vehicle. Saylor’s 10-year timeframe suggests he anticipates a combination of sustained, substantial inflows into IBIT and a significant appreciation in the price of Bitcoin itself. If Bitcoin’s market capitalization grows dramatically over the next decade, and a large percentage of that market cap is held within accessible, regulated products like IBIT, then surpassing traditional market ETFs becomes theoretically possible, albeit an ambitious target. The Role of Institutional Adoption in Driving IBIT’s Growth The core thesis behind Saylor’s prediction heavily relies on continued and accelerating Institutional Adoption. While retail investors were the early adopters of Bitcoin, it’s the influx of institutional capital that has the potential to move markets on a much larger scale. Pension funds, endowments, sovereign wealth funds, asset managers, and corporate treasuries represent trillions of dollars in potential investment capital. Spot Bitcoin ETFs provide these large players with a familiar, regulated wrapper to gain exposure. Instead of navigating the complexities of crypto exchanges, cold storage, and private keys, they can simply buy shares of IBIT through their existing infrastructure. This ease of access is crucial for overcoming the inertia and compliance hurdles often faced by large institutions. If even a small percentage of global institutional portfolios allocates to Bitcoin through IBIT, the fund’s AUM could grow exponentially. Saylor is essentially betting on a future where Bitcoin becomes a standard allocation in diversified portfolios, similar to how gold or emerging market equities are considered today, with IBIT being a primary vehicle for that allocation. Potential Challenges on the Path to Becoming the Largest ETF While the potential is clear, the path to IBIT becoming the Largest ETF isn’t without its hurdles. Several factors could impact its trajectory: Bitcoin Price Volatility: ETFs track the underlying asset. If Bitcoin experiences significant downturns, IBIT’s AUM would decrease regardless of inflows. Regulatory Landscape: While U.S. spot ETFs are approved, the global regulatory environment for crypto is still evolving. Future regulations could impact investor sentiment or access. Competition: IBIT is not the only spot Bitcoin ETF. While it has a strong start, competition from Fidelity, Ark Invest, and potentially new entrants could fragment the market. Investor Sentiment: Geopolitical events, macroeconomic shifts, or negative news related to the broader crypto market could dampen investor enthusiasm. Operational Risks: While BlackRock is a seasoned player, managing a novel asset class like Bitcoin at such scale presents unique operational challenges. Saylor’s prediction is a long-term one (10 years), which allows time for market cycles and maturation, but also introduces more variables and potential disruptions. What Does This Prediction Mean for Investors? For individual investors, Michael Saylor’s prediction serves as a strong indicator of the bullish sentiment surrounding Bitcoin and its increasing integration into traditional finance. It highlights the potential scale of Institutional Adoption facilitated by products like the BlackRock IBIT. It’s not actionable financial advice to buy IBIT based solely on this prediction, but it is a data point suggesting that major players foresee significant growth in Bitcoin’s market capitalization and its accessibility through regulated products. Investors interested in this space should: Research IBIT and other Bitcoin ETFs: Understand their structure, fees, and how they track Bitcoin’s price. Consider their own risk tolerance: Bitcoin and crypto markets are highly volatile. Look beyond the prediction: Analyze market trends, global economic factors, and regulatory developments. Saylor’s forecast is a vision of a future where Bitcoin, accessed via mainstream financial products like IBIT, plays a central role in global investment portfolios. Conclusion: A Bold Vision for Bitcoin’s Future Michael Saylor’s prediction that BlackRock’s IBIT spot Bitcoin ETF will become the world’s Largest ETF within a decade is undoubtedly audacious. It speaks volumes about his unwavering confidence in Bitcoin and his belief that the floodgates of Institutional Adoption have been opened by the approval of products like BlackRock IBIT. While achieving this milestone would require unprecedented growth and shift in global asset allocation, Saylor’s perspective offers a compelling long-term outlook for Bitcoin’s integration into the traditional financial system. The journey of IBIT will be a key indicator to watch, demonstrating how quickly and extensively institutional capital embraces the digital asset revolution. To learn more about the latest Bitcoin ETF trends, explore our article on key developments shaping Bitcoin institutional adoption.
Exciting news from the world of blockchain innovation! Inco, a project dedicated to enhancing privacy within the decentralized ecosystem, has just announced a significant milestone: securing $5 million in strategic investment . This substantial Inco funding round signals growing confidence in the need for confidentiality solutions in the burgeoning Web3 space. What is Inco and Why is Blockchain Privacy Crucial? At its core, Inco is building what it calls a “confidentiality layer” for the blockchain stack. But what does that mean, and why is it so important? Public blockchains like Bitcoin and Ethereum are celebrated for their transparency. Every transaction, every smart contract interaction, is typically visible to anyone on the network. While this transparency fosters trust and auditability, it also presents significant challenges: Lack of User Privacy: Financial activities, personal data linked to addresses, and even business strategies can be exposed. Limited Enterprise Adoption: Businesses are hesitant to move sensitive operations onto a fully transparent ledger. New Use Case Inhibition: Certain applications requiring data privacy (like confidential DeFi, private voting, or supply chains with sensitive data) are difficult or impossible to build securely. This is where blockchain privacy solutions come into play. They aim to offer users and applications the ability to interact on the blockchain while keeping sensitive information confidential, only revealing it to authorized parties. The Power Players Behind the Crypto Investment The $5 million strategic investment round is particularly noteworthy due to the caliber of the participants. The round was led by the prestigious a16z Crypto Startup Accelerator (CSX) . Andreessen Horowitz’s crypto arm is a major force in the industry, known for backing foundational and innovative projects. But the list of investors doesn’t stop there. Inco also received backing from other prominent names: Coinbase Ventures 1kx Orange DAO South Park Commons Script Capital The involvement of such respected venture capital firms and industry players underscores the perceived importance and potential of Inco’s mission. Their investment is not just financial; it brings valuable expertise, network effects, and credibility to the project. How Will This a16z Crypto Funding Be Used? According to the announcement, the primary use of the a16z crypto funding and other investments will be to “promote solutions related to blockchain confidentiality.” This likely translates into several key areas: Research and Development: Advancing the core technology behind Inco’s confidentiality layer. Talent Acquisition: Hiring more engineers, researchers, and privacy experts. Ecosystem Growth: Building tools, documentation, and developer support to encourage adoption. Audits and Security: Ensuring the robustness and security of the privacy solutions, which is paramount in this space. This investment is expected to significantly accelerate Inco’s development roadmap and its efforts to bring practical, secure confidentiality solutions to the broader blockchain community. Exploring Confidential Computing Crypto Solutions Inco’s approach likely involves leveraging advanced cryptographic techniques or confidential computing crypto methods. Confidential computing allows data to be processed in a secure, isolated environment (often called a Trusted Execution Environment or TEE), even while the data is being computed upon. This means that sensitive data remains encrypted or protected throughout its lifecycle, including during processing, not just in transit or at rest. Integrating confidential computing with blockchain technology is complex but offers a powerful path towards achieving privacy without sacrificing the benefits of decentralization and verifiable computation. Inco’s focus on building a dedicated layer suggests they are aiming for a solution that can potentially be integrated across different blockchain networks or provide a foundational layer for privacy-preserving dApps. Benefits Inco Aims to Deliver: Enhanced User Control: Users gain more control over who can see their data and transactions. New Application Possibilities: Enabling use cases previously impossible on public blockchains due to privacy concerns. Regulatory Friendliness: Potentially helping projects comply with data privacy regulations like GDPR. Increased Enterprise Interest: Making blockchain technology more palatable for businesses handling sensitive information. Potential Challenges Ahead: Technical Complexity: Implementing secure and performant confidential computing on a decentralized network is challenging. Performance Overheads: Privacy-preserving computations can sometimes be slower or more resource-intensive. Auditability vs. Confidentiality: Finding the right balance between necessary privacy and the need for auditability in certain contexts. Adoption and Education: Developers and users need to understand and trust the new privacy layers. Actionable Insight: Why Pay Attention? For anyone involved in the crypto space – whether you’re a developer, investor, or user – Inco’s funding and mission are worth watching. The push for blockchain privacy is a critical evolutionary step for the technology. As the ecosystem matures, the demand for solutions that balance transparency with necessary confidentiality will only grow. Projects like Inco are at the forefront of addressing this fundamental challenge. This crypto investment by leading firms validates the importance of this area and suggests that privacy solutions could be a significant growth sector in the coming years. Keeping an eye on Inco’s progress could provide valuable insights into the future direction of Web3 development. Summary: A Confidential Future for Blockchain? Inco’s successful Inco funding round, backed by major players like a16z Crypto, Coinbase Ventures, and others, marks a significant step forward for the development of blockchain privacy . By focusing on a dedicated confidentiality layer, Inco aims to unlock new possibilities and address key limitations of current public blockchains. The $5 million crypto investment will fuel their efforts in building robust confidential computing crypto solutions. While challenges remain, the strong backing highlights the industry’s recognition of the vital need for privacy in building a truly comprehensive and widely adopted decentralized future. To learn more about the latest crypto investment trends, explore our article on key developments shaping blockchain privacy solutions.
The US Fed on Thursday withdrew its previous guidelines for banks regarding crypto assets and stablecoin activities, signaling a shift toward more flexible supervision as digital assets gain momentum in financial markets. On Thursday, the Fed announced it would rescind several supervisory letters and statements issued in 2022 and 2023. Previously, banks had to notify regulators in advance about planned crypto-related ventures and await a formal supervisory nod for stablecoin-related transactions. “These actions ensure the board’s expectations remain aligned with evolving risks and further support innovation in the banking system,” the Federal Reserve stated. @federalreserve announces the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities: https://t.co/v1MwuswOlE — Federal Reserve (@federalreserve) April 24, 2025 Fed Moves Toward Lighter Regulation for Crypto Initiatives By pulling back these guidelines, the Fed appears to be responding to rapid developments in the crypto market and feedback from financial institutions that viewed the former regulatory framework as restrictive. Banks have increasingly requested clarity and flexibility to keep pace with fast-evolving digital asset technologies. The change means banks no longer need to provide advance notification about their crypto initiatives. Instead, the Federal Reserve plans to incorporate supervision of these activities into regular monitoring processes. This approach mirrors broader moves by other US regulators toward a lighter regulatory touch, potentially fostering increased engagement in crypto assets by traditional banks. Banking Agencies Pull 2023 Crypto Guidance, Eye New Framework Additionally, the Fed is jointly withdrawing two key 2023 statements alongside the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. These statements previously outlined specific regulatory expectations for banks involved in crypto-asset exposures. The Fed said that it will continue collaborating with other regulatory agencies to evaluate whether new guidelines might better facilitate innovation, especially in the rapidly expanding domain of crypto-asset services. In March, the OCC too eased its stance on crypto , allowing national banks and federal savings associations to offer crypto custody services, engage in stablecoin-related activities, and take part in distributed ledger networks. The post Fed Pulls Back Guidelines for Banks on Crypto and Stablecoins appeared first on Cryptonews .
The world of cryptocurrency is rarely quiet, and recent events involving Binance founder Changpeng “CZ” Zhao and financial news giant Bloomberg prove just that. CZ, a highly influential figure in the crypto space, is publicly pushing back against Bloomberg’s recent portrayal of his advisory work with governments regarding crypto regulation. This isn’t just a minor disagreement; it highlights ongoing tensions between the crypto industry and traditional media, particularly concerning how key figures and their pasts are covered when they engage in important dialogues like government advisory on crypto. What’s the Core of the CZ vs. Bloomberg Dispute? At the heart of the matter is Bloomberg’s reporting on CZ’s recent meetings and consultations with government officials in various countries. According to CZ, the outlet placed undue and negative emphasis on his past legal issues, specifically his guilty plea related to money laundering charges, when discussing his current efforts to advise governments. While the report did cover his interactions, CZ feels the narrative was unfairly dominated by his history rather than the substance of the advisory work itself. The Bloomberg article reportedly highlighted meetings CZ had with officials in: Malaysia Kyrgyzstan Pakistan CZ’s criticism, as reported by outlets like BeInCrypto, suggests that his comments were taken out of context. This includes remarks he made about his educational initiative, Giggle Academy. For someone now focusing on contributing to the ecosystem through education and advising on frameworks, CZ appears to feel that Bloomberg’s framing undermines these current positive endeavors by constantly anchoring them to his past legal troubles. Why Does Government Advisory on Crypto Matter? As cryptocurrency becomes more mainstream, governments worldwide are grappling with how to regulate it effectively. This is where figures like CZ, with extensive experience running one of the world’s largest crypto exchanges (Binance), can offer unique perspectives. Government advisory roles, whether formal or informal, are crucial because they can: Inform Policy: Industry experts can help policymakers understand the technology, its risks, and its potential benefits. Prevent Unintended Consequences: Well-intentioned regulations can sometimes stifle innovation if they don’t fully grasp the nuances of the technology. Expert input can help avoid this. Promote Adoption and Security: Sensible regulations can build trust and encourage wider adoption while also implementing necessary safeguards against illicit activities. Navigate Global Standards: Crypto is global. Advisors can help governments understand international regulatory trends and best practices. However, bringing in individuals with past legal issues, even if they have valuable expertise, presents a challenge for both the governments seeking advice and the media covering it. This is precisely the tension highlighted in the CZ and Bloomberg situation. Navigating the Challenges of Media Coverage and Past Issues The media plays a vital role in informing the public about important interactions between industry leaders and governments. However, balancing the need to report on current activities with the responsibility to provide context, including an individual’s past, is complex. From Bloomberg’s perspective (based on CZ’s criticism), they may argue that an individual’s recent guilty plea for significant financial compliance failures is highly relevant context when reporting on their current efforts to advise governments on financial regulation. It speaks to credibility, past practices, and potential conflicts of interest or perceived risks. From CZ’s perspective, having acknowledged and resolved his past issues (including serving a sentence), he may feel that continuous, heavy emphasis on this history overshadows his current efforts to contribute positively to the very challenges (like compliance and regulation) that were central to his past legal troubles. He might argue that his experience, including the lessons learned, makes him uniquely qualified to advise on building robust regulatory frameworks. This situation raises questions for readers and the public: How much should a person’s past dictate how their current contributions are perceived? What is the media’s responsibility in providing context without creating a biased narrative? Can individuals with complex histories still play a constructive role in shaping future policy? The dispute between CZ and Bloomberg underscores these difficult questions, demonstrating the friction that can arise when influential figures with controversial pasts engage in sensitive areas like government crypto advisory. Actionable Insights for the Crypto Community and Media This event offers several takeaways: For Crypto Leaders: Be prepared for intense scrutiny, especially if you have a public or complex history. Transparency about past issues and clear communication about current goals are paramount. Understand that your past will likely be mentioned in any coverage of your future endeavors, particularly those involving governments or sensitive topics like crypto regulation. For Governments: While seeking expertise is crucial, be mindful of the public perception and potential implications of consulting with individuals who have faced significant legal challenges. Clear communication about the nature and scope of the advisory role is important. For Media Outlets: Strive for balanced reporting. While providing relevant context about an individual’s past is necessary, ensure it doesn’t completely overshadow or unfairly frame their current activities and stated intentions. Seek multiple perspectives and avoid sensationalism. For the Public/Readers: Read critically. Understand that media reports are interpretations. Consider the source, look for potential biases, and try to get information from multiple outlets and directly from the individuals involved if possible. The ongoing dialogue around crypto regulation is vital for the industry’s maturation. The involvement of experienced figures, including those from platforms like Binance , in providing government advisory is a positive step towards creating workable frameworks. However, as the situation with CZ and Bloomberg shows, the path is fraught with challenges related to perception, past actions, and how these interactions are reported. Summary: A Clash Over Narrative in the World of Crypto In conclusion, the public disagreement between Binance founder CZ and Bloomberg highlights more than just a simple media critique. It points to the fundamental challenges of covering complex figures in a rapidly evolving space like cryptocurrency. CZ believes Bloomberg unfairly emphasized his past legal issues, taking comments out of context, while reporting on his current efforts to assist governments with crypto regulation. This clash underscores the difficulty for individuals with past controversies to contribute to important policy discussions and the ongoing tension regarding how traditional media covers the crypto world and its key players. As governments continue to navigate the complexities of regulating digital assets, the role of industry expertise and the manner in which such interactions are reported will remain critical points of discussion. To learn more about the latest crypto regulation trends, explore our article on key developments shaping government advisory approaches.
The U.S. Federal Reserve Board has updated its crypt The U.S. Federal Reserve Board of Governors has revised its bank crypto policy, making it more permissive when dealing with digital currencies. The Fed said it has withdrawn from its 2022 Supervisory Letter requirements that forced banks to give advance notice anytime they engaged in crypto activities. This adjustment reflects the evolving regulatory environment for cryptocurrencies in the United States. “These actions ensure the Board’s expectations remain aligned with evolving risks and further support innovation in the banking system,” the Fed said in the Thursday statement announcing the change. U.S. regulators ease crypto oversight, leaving banks to manage digital asset activities Now, the Federal Reserve joins its fellow U.S. banking regulators in eliminating its previous crypto guidance, including notices that banks should get pre-approvals before they get involved in crypto activity. All three agencies, including the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp., have joined in reversing those previous policies, leaving digital asset matters at banks in the hands of their managers and compliance executives. Without guidance, the banking industry awaits new laws from Congress to define how the digital assets industry should operate in the U.S. Per the Press Release shared by the Fed, it has now chosen to do things differently instead of this stringent oversight. Moving forward, the banking regulator said it will only resort to regulating banks’ crypto activities usually. The Fed also confirmed it is backtracking on a 2023 guidance designed for stablecoins. “The Board is also rescinding its 2023 supervisory letter regarding the supervisory nonobjection process for state member bank engagement in dollar token activities,” the press release noted. The OCC had also revised its position and cleared banks to engage in crypto activities. To complement the current shift, the apex bank also confirmed that it will work with relevant agencies to determine whether more guidance will be forthcoming. The OCC has also updated its stance, allowing banks to engage in crypto activities. In line with this shift, the apex bank also confirmed that it will work with relevant agencies to determine whether more guidance will be forthcoming. The ultimate goal is to foster crypto-based innovation to an appropriate level. U.S. regulators shift toward a more crypto-friendly approach under Trump Since President Donald Trump’s inauguration, the Federal Reserve, the U.S. Securities and Exchange Commission (SEC), and other key agencies have begun recalibrating their stance on digital assets. There has been a noticeable shift in both approach and focus. Initially, the Trump administration’s approach to cryptocurrencies appeared somewhat indifferent. However, as the digital asset space gained momentum, agencies began to respond to balance innovation with regulation. The SEC has dropped some crypto lawsuits to fulfill the President’s campaign promises. One of the high-profile cases the SEC closed is the Ripple lawsuit . After more than four years of legal battle, the regulator rescinded its appeal on the case, a gesture matched by the payments firm. Other top crypto exchanges, such as Coinbase Global, Uniswap, and Kraken, have also seen their cases closed. With Paul Atkins now sworn in as Chairman of the SEC, he has proclaimed that Bitcoin will be his priority. He is is widely expected to lead a more crypto-friendly SEC than former chair Gary Gensler under the Biden administration. His confirmation was reportedly delayed due to several financial disclosures he needed to file due to marrying into a billionaire family. Some of those financial disclosures reportedly included up to $6 million worth of crypto-related investments, including crypto custody platform Anchorage Digital and blockchain tokenization platform Securitize. Regulators signal the end of operation Chokepoint 2.0 Conversations around Operation Chokepoint 2.0 have filled the crypto ecosystem Over the past year. Firms operating in the industry have complained of direct efforts to hinder crypto innovation. Coinbase is filing an active FOIA lawsuit with the FDIC to uncover ways the agency has tried to choke firms. The President and Crypto Czar David Sacks have promised to end the industry chokepoint and chart a new course for the US digital assets ecosystem. The recent developments by the Federal Reserve, the OCC, the SEC, and the FDIC confirm the end of Operation Chokepoint agenda. The SEC Chair stated that ambiguous rules hinder growth and promised to focus on investor protection, depoliticizing regulation, and ensuring smart, effective oversight. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Advancing recovery this week, Sol posted more gains and tapped a new monthly high. Unfortunately, the price is currently down due to a recent rejection. This may trigger a sell if the bulls fail to sustain momentum. Following the early-month breakdown to a new yearly low of $94.2, Sol found support and climbed back above the crucial $100 level lost during the crash in the first week. Volatility increased, and the price surged to around $136 in the second week, halting buying due to a rejection. This rejection triggered a slight pullback, and the price retested $124. Meanwhile, during the surge, the price broke through a falling trendline, acting as resistance for three months. Sol advanced buying and reached a high of $154 yesterday, but lost grip following a bearish interception. Today, the price appears weak following a minor loss in the past hours. While this has brought a little setback in the market, the crypto may lose momentum again if the supply level increases on a daily basis. However, the recent recovery marked a significant retracement phase for the asset since it started to drop in January. Retracing above the $300 level could set the stage for bigger growth in the long term. But from a technical standpoint, the bears are likely to resume pressure shortly. SOL’s Key Level To Watch Source: Tradingview The close support for this drop is located at $136.7. A plunge below this level could roll the price to $122.7 and $112. The last defence line for the bulls would be $94.26 if the supply level increases. If Sol continues to increase, there’s an immediate resistance at $161. The $180 level is the next resistance to watch with a potential surge to $209. Key Resistance Levels: $161, $180, $209 Key Support Levels: $136.7, $122.7, $112 Spot Price: $147.4 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Cardano shows potential for a significant price increase based on technical analysis. Long-term investor confidence in Cardano is rising despite market volatility. Continue Reading: Cardano’s Price Surge: A Potential Breakthrough on the Horizon The post Cardano’s Price Surge: A Potential Breakthrough on the Horizon appeared first on COINTURK NEWS .
The XRP price is once again drawing the attention of analysts, with bold predictions suggesting a potential surge to $6.5. With momentum indicators flashing bullish signals and a key date highlighted, XRP could soon see a 200% rise from current levels to a new all-time high. A new technical analysis from ‘Cryptarch_,’ a pseudonymous market expert on TradingView, suggests that XRP is on the verge of a major price breakout to $6.5. The analyst marked an ideal entry point at $2.10, paired with a tight stop-loss at $2.00. This strategy reflects strong conviction in XRP’s bullish setup while managing downside risks. XRP Price Sets Sights On $6.5 ATH The TradingView analyst shared an XRP price chart, identifying the formation of a Descending Triangle supported by a break in the daily Relative Strength Index (RSI) downtrend. XRP’s RSI has been declining since late 2024, indicating weakening momentum. However, a recent upward cross into bullish territory hints at a possible trend reversal. Related Reading: XRP Price Eyes Recovery To $3 As Analyst Reveals How High The Price Would Be In Altcoin Season In his price chart, Cryptarch_ outlined a multi-stage move, where XRP is expected to rally upwards while bouncing across multiple resistance zones shown by the horizontal purple lines. The $2.49, $3.00, and $3.39 levels have been marked as the major resistance zones. Following the projected path highlighted by the yellow arrow on the chart, XRP is expected to first break out of the Descending Triangle before making a move toward the critical resistance zone at $3. This level holds significance, as it was the site for a major price pump on March 2, 2025 — a historical move that couldn’t serve as a strong indicator for future price action. Cryptarch_ surmised that the XRP price will likely struggle at the $3 resistance. After that, it is expected to bounce and move higher, possibly retesting current all-time highs. The goal of this bullish setup is to make $3 a strong support level. From there, XRP is projected to surge toward $6.5, with a potential upper price target of $6.82. While a higher surge would bring in better gains, the TradingView analyst suggests exiting the market at $6.5 to lock in profits safely before a major resistance zone is reached. Key Date To Watch Out For A key element in Cryptarch_’s bullish forecast for the XRP price is timing. According to his chart, Saturday, May 10, 2025, stands out as a critical date to watch. Related Reading: Forget XRP At $3, Analyst Reveals How High Price Will Be In A Few Months He marks this day as a potential inflection point, where XRP could either break above the $3 resistance zone with strong momentum or face a temporary rejection, triggering a potential pullback to $1.61. Interestingly, the Bitcoin price action also plays a major role in XRP’s future price outlook. Cryptarch_ disclosed that a breakout above $89,000 in BTC could serve as a catalyst, igniting a rally across altcoins, including XRP. It’s worth noting that Bitcoin has already cleared this critical level and is trading at $91,872 at the time of writing. Featured image from Adobe Stock, chart from Tradingview.com
Although a deeper DEXE dip can present a buying opportunity from a technical perspective, its low trading volume is a concern.