U.S. stocks ended the week mixed, with investor sentiment cautious ahead of scheduled trade talks between U.S. and Chinese officials in Switzerland this weekend. The Dow Jones Industrial Average fell 0.3%, while the Nasdaq Composite edged up 0.0043% while the S&P 500 hovered near the flatline down 0.07% The trading action follows a preliminary U.S.-U.K. trade agreement, but new tariff rhetoric has kept markets jittery. U.S. President Donald Trump floated an “80% Tariff on China” via Truth Social, a step down from the current 145% but still above the sub-60% expectations reported earlier in the week. “Progress this week was encouraging, but we remain in the ebbs and flows of the news cycle,” said Nationwide’s Mark Hackett. “We are likely in a sideways period of volatility until we begin to get tangible outcomes.” You might also like: SEC’s Hester Peirce wants crypto sandbox: Wormhole legal chief has concerns Bitcoin’s surge Meanwhile, Bitcoin ( BTC ) surged above $104,000 Friday morning, driven by strong institutional inflows and ETF performance. Spot Bitcoin ETFs reached a new lifetime high in cumulative flows at $40.33 billion, per Bloomberg data. The largest cryptocurrency by market cap gave up some of its gains, trading at around $103,000 following Wall Street’s closing bell. Elsewhere, Wells Fargo noted only 13 companies have withdrawn earnings guidance this season, fewer than expected in what it calls a “positive surprise.” Stocks such as Ford, Delta, and Snap were among those pulling forecasts. You might also like: Arkham integrates portfolio management platform Haruko
Digital assets are marking gains and are set to regain previous levels due to increased demand. XRP has continued its trajectory as an institutional favorite asset following speculated spot ETF approvals in the United States. Meanwhile, the wider market gained over 4% to $3.26 trillion after a massive Bitcoin price rally. Altcoins also picked up steam with strong weekly institutional inflows into their products. Will XRP Hit $3.9? Several XRP traders have called for a massive uphill run to reclaim the $3.9 price level. At press time, the asset trades at $2.32, a 3.55% gain in the last 23 hours and a 9.84% rally last week. The weekly uptick, in addition to strong green on-chain metrics, favors bullish calls this month. Expert trader Ali Martinez analyzed X’s potential price move. Several users raised the bar within the community, hinting at higher levels after tapping $3.4 in January. Since the Securities and Exchange Commission (SEC) lawsuit, this will take the asset to multi-year highs. “ XRP looks to be breaking out of an inverse head and shoulders pattern, with a potential upside target between $2.70 and $2.90.” The major factor expected to fuel this bullish course is XRP institutional demand. Last year, spot Bitcoin ETFs recorded nearly $40 billion, pushing the price to multiple all-time highs. As investors turn towards altcoin products, XRP and Solana ETFs rank high following massive investments in the last few months. Recently, ProShares revealed a possible launch of futures-based XRP ETF on April 30 pending regulatory greenlight. Furthermore, XRP whale accumulations have outpaced other altcoins in the last 14 days, showing signs of Q4 2024 inflows. XRP’s Volume Soars A new CoinShares Digital Asset Weekly flow points to a significant spike in institutional demand. Last week’s figures mark the third-largest and highest inflows since mid-December. Overall, XRP recorded $31.6 million, sustained growth from the previous week. This jumps monthly numbers above $70 million, while year-to-date inflows stand at $246 million. “We believe concerns over the tariff impact on corporate earnings and the dramatic weakening of the US dollar are the reasons investors have turned towards digital assets, which are being seen as an emerging safe haven,” CoinShares wrote.
The recent Dogecoin price action shows a bullish signal that might catapult the DOGE to $0.60. Therefore, the cryptocurrency markets are on high alert after its recent breakout above $0.20. Meanwhile, the demand for ground-breaking global payment-based solutions is rising fast, leading to the evolution of Remittix . This new PayFi proposition has surged 550%, attracting smart money traders who have contributed $14.8 million by purchasing 532 million tokens. Remittix gains momentum as PayFi altcoin set to explode Source: Remittix Remittix (RTX) aims to lower fees and offer near-instant settlements, filling the gap left behind by the stiff-necked conventional systems in the global payment sector. Its focus is on affordability and speed, which appeals to individuals and small businesses. Crypto pundits note that this angle sets Remittix apart from many coins offering only fancy features and speculative hype. This is because Remittix tackles day-to-day problems, while grabbing the attention of those who back PayFi technology to disrupt DeFi as the next big wave in finance. Remittix’s standout feature includes its merchant solutions tailored for freelancers, e-commerce platforms, and service providers. Through its Pay API, businesses can accept cryptocurrency payments and receive settlements directly into their bank accounts. Particularly beneficial for organizations operating on the global front, Remittix supports over 30 fiat currencies and 50+ cryptocurrency pairs. This flexibility allows businesses to manage payments in a way that aligns with their operational needs. Like most revolutionary projects in the DeFi space, the Remittix ecosystem is powered by the native $RTX token. With a fixed supply of 1.5 billion tokens, scarcity is built into the system as adoption continues to expand. Moreover, RTX provides opportunities for staking and governance, enabling holders to actively participate in the ecosystem. These initiatives have fueled strong presale engagement and increased RTX visibility among both retail and institutional buyers. Its accelerating presale success sends a strong signal of confidence to investors analyzing potential candidates for the next major breakout. Dogecoin volume spikes after $0.20 break as investors go long towards $0.60 The latest Dogecoin price surge has been accompanied by a massive uptick in trading volume in the same time frame. In fact, CoinMarketCap data reports that Dogecoin achieved 4.42 billion in trading volumes or $766 million in monetary terms, representing a 15% increase in May. This optimism is in tandem with accumulation happening behind the scenes. On May 1, prominent analyst Ali Martinez flagged a surge in whale activity, with wallets holding between 1 million and 10 million DOGE snapping up 100 million tokens in one week. This kind of accumulation has historically preceded massive moves, igniting speculations of a rally towards $0.6. DOGE’s technical analysis points to a trend continuation. Ali Martinez recently suggested that the Dogecoin price rejected sharply from an October 2024 trend line support. According to the chart expert, a dip to $0.14 could present a buying opportunity ahead of a potential rebound to $0.30. Source: Ali Martinez With this momentum, Coinglass data reports that over 75% of Binance’s top traders, those possessing a higher expertise level than retail investors, were positioned long on DOGE. Conclusion The latest Dogecoin price action has made a definitive path to $0.6, cementing its long-term potential despite being a highly speculative asset. Remittix is following a similar path with its virality, while focusing on transforming global payments with its blend of crypto and fiat. Currently in its presale at $0.0757, Remittix offers real utility that could transform the cross-border payments market. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix
Cryptocurrency investors are once again turning their attention to Bitcoin following its recent rally and the breakout of the $100,000 barrier. Investors on the Kalshi platform predict that Bitcoin could rise to $130,000 by the end of 2025. While 57 percent of participants think the price will reach at least $125,000, the rate of optimism for higher levels is gradually decreasing: $150,000 and above: 29% $160,000 and above: 25% $200,000 and above: 12% $250,000 and above: 9% $300,000 and above: 6% $500,000 and above: 4% Related News: Analytics Firm That Predicted the Ethereum Rally Shares New Predictions for the Future A notable update on long-term forecasts came from Ark Invest, led by Cathie Wood. The company revised its Bitcoin forecasts upwards for 2030: İyimser senaryo: 1 Bitcoin = 2.4 milyon dolar (Önceki: 1.5 milyon dolar) Reason: Tighter “active” supply and strong increase in institutional adoption Temel senaryo: 1 Bitcoin = 1.2 milyon dolar (Önceki: 710 bin dolar) Reason: Bitcoin is seen as “digital gold” and demand from ETFs Kötümser senaryo: 1 Bitcoin = 500 bin dolar Previous range: $300-500K. *This is not investment advice. Continue Reading: Following Bitcoin’s Surpass of $100,000, Predictions for This Year’s Peak Price Have Been Updated – Here Are the New Expected Price Levels
Big news is circulating in the crypto world, signaling potentially strong institutional confidence in Ethereum. London-based asset management firm, Abraxas Capital , has made a significant move, withdrawing a staggering 138,511 ETH from exchanges over the past two days. This massive ETH withdrawal is valued at approximately $297 million, according to on-chain data tracked by Lookonchain. This isn’t just another transaction; it’s a substantial exchange outflow that often carries significant implications for market dynamics and investor sentiment. When large holders, particularly institutions like Abraxas Capital, move assets off exchanges, it typically suggests they intend to hold these assets for the long term, stake them, or utilize them in decentralized finance (DeFi) protocols, rather than preparing to sell them on the open market. What Does This Abraxas Capital ETH Withdrawal Signify? For many market observers, a large withdrawal like this from a known asset management firm is a bullish signal. Here’s why: Reduced Selling Pressure: Moving ETH off exchanges reduces the immediate supply available for trading, potentially decreasing selling pressure. Long-Term Conviction: Institutions often have longer investment horizons. Taking custody of assets suggests a commitment beyond short-term trading. Security and Control: Holding assets in cold storage or private wallets enhances security and gives the institution direct control over their funds. Preparation for Staking or DeFi: The withdrawn ETH could be destined for staking on the Ethereum network or deployment in various DeFi applications to earn yield. Abraxas Capital’s decision to make such a large withdrawal underscores a growing trend of sophisticated financial players actively participating in the crypto ecosystem beyond simple speculation. Understanding the Context: Ethereum Price and Market Dynamics The timing of this withdrawal is particularly interesting. According to CoinMarketCap, ETH was trading around $2,357.28 at the time the news broke, showing a remarkable increase of 19.79% in the past 24 hours. While it’s difficult to pinpoint a single cause for such a significant price surge, large institutional movements like the one by Abraxas Capital can certainly contribute to positive market sentiment and reinforce upward price momentum. The correlation between significant exchange outflow events and subsequent price appreciation is a topic often discussed by crypto analysts. While not a guaranteed predictor, it’s a data point that suggests accumulation rather than distribution is the dominant activity among large holders. The current Ethereum price reflects broader market optimism, potentially fueled by factors like Bitcoin’s recent performance, anticipation around potential Ethereum ETFs, and the ongoing development within the Ethereum ecosystem. Abraxas Capital’s action fits neatly into this narrative of increasing confidence in Ethereum’s future prospects. The Bigger Picture: Rising Institutional Crypto Interest The move by Abraxas Capital is not an isolated incident but rather part of a larger trend of increasing institutional crypto adoption. Over the past few years, we’ve seen a growing number of hedge funds, asset managers, corporations, and even traditional financial institutions allocate capital to cryptocurrencies, particularly Bitcoin and Ethereum. Several factors are driving this trend: Maturing Infrastructure: Better custody solutions, regulated exchanges, and financial products (like futures and potential ETFs) make it easier and safer for institutions to engage with crypto. Inflation Hedge Narrative: Some institutions view cryptocurrencies, especially Bitcoin, as a potential hedge against inflation and currency debasement. Diversification: Adding digital assets can provide diversification benefits to traditional investment portfolios due to their relatively low correlation with traditional assets. Growth Potential: Institutions recognize the long-term disruptive potential of blockchain technology and the significant growth potential of leading cryptocurrencies. Firms like Abraxas Capital engaging directly with assets like ETH through large withdrawals highlight a deeper level of comfort and strategic planning within the institutional crypto space. They are not just trading derivatives; they are taking physical custody of the underlying assets, which is a significant step. Why Large Exchange Outflows Matter Tracking exchange outflow data is a crucial part of on-chain analysis for crypto investors. Here’s why it’s considered an important metric: Supply Dynamics: Assets held on exchanges are readily available for sale. When assets move off exchanges, the immediate liquid supply decreases, which can put upward pressure on price if demand remains constant or increases. Investor Intent: Large outflows from known institutional or whale wallets often indicate a holding or staking strategy rather than an intent to sell. This signals confidence. Market Sentiment: Persistent large outflows can signal bullish sentiment across the market, as more participants choose to hold rather than sell their assets. Accumulation vs. Distribution: Net exchange flows help differentiate between periods of accumulation (net outflows) and distribution (net inflows). The scale of Abraxas Capital’s withdrawal – nearly $300 million worth of ETH – makes it a particularly noteworthy exchange outflow event that demands attention from anyone tracking market movements and institutional activity. Actionable Insights for the Crypto Investor How should individual investors interpret news like Abraxas Capital’s significant ETH withdrawal ? Pay Attention to On-Chain Data: While not the only factor, tracking large exchange flows and whale movements can provide valuable insights into market trends. Resources like Lookonchain or other on-chain analytics platforms can be helpful. Understand Institutional Motives: Recognize that institutions often have different strategies than retail traders. Their long-term perspective can signal underlying strength in an asset. Context is Key: Evaluate large movements within the broader market context, including overall market sentiment, price trends (like the recent Ethereum price surge), regulatory news, and fundamental developments in the asset’s ecosystem. Diversify and Manage Risk: Don’t base investment decisions solely on one piece of news. Maintain a diversified portfolio and stick to your risk management strategy. Stay Informed on Institutional Crypto Trends: Understanding how institutions are entering and interacting with the market provides insight into the maturing landscape and potential future demand. This event serves as a reminder that significant capital is flowing into the crypto space from traditional finance, adding another layer of complexity and potential influence on market dynamics. Challenges and Considerations While an exchange outflow is generally seen as bullish, it’s important to consider potential challenges and nuances: Interpreting Motives: While likely for holding or staking, the exact reason for Abraxas Capital’s withdrawal isn’t publicly stated. It could potentially be for over-the-counter (OTC) transactions, although moving to private wallets is more typical for long-term holds. Market Volatility: Even with institutional interest, the crypto market remains highly volatile and susceptible to rapid price swings driven by various factors. Regulatory Landscape: The evolving global regulatory environment for institutional crypto remains a significant factor that can impact investment decisions and market stability. Therefore, while the news is positive, a balanced perspective is always necessary when navigating the crypto markets. Summary: A Bullish Signal Amidst Rising Confidence Abraxas Capital’s withdrawal of 138,511 ETH, worth approximately $297 million, from exchanges is a significant event that underscores increasing institutional confidence in Ethereum. This large ETH withdrawal , occurring during a period of strong positive momentum for the Ethereum price , is widely interpreted as a bullish signal, reducing potential selling pressure and suggesting a long-term holding strategy by the asset management firm. It is a clear example of the growing trend of institutional crypto adoption and highlights the importance of tracking metrics like exchange outflow to understand market dynamics. While challenges and market volatility persist, moves like this from established financial firms contribute to the narrative of crypto as an increasingly accepted and strategic asset class. To learn more about the latest Ethereum price trends and institutional crypto adoption, explore our articles on key developments shaping the future of digital assets.
The Ethereum network is set to undergo a significant transformation with the Pectra upgrade, raising the staking limit from 32 to 2,048 ETH, a move aimed at attracting institutional investors.
XRP makes higher highs as it eyes $2.6 next. XRP Price Predictions to Watch This Week Key Support levels: $2.3, $2.0 Key Resistance levels: $2.6, $3 1. Buyers Return With the overall market heating up, XRP appears ready to make new highs and challenge the resistance at $2.6 next. Its most recent breakout saw the $2.3 level confirmed as support. This forms a solid base from which buyers can continue their rally. Chart by TradingView 2. Key Resistance at $2.6 Even if buyers control the price at this time, they will need to reclaim $2.6 as a key support if they want to take XRP to $3 next. While momentum favors continuation, sellers managed to stop the price at $2.6 back in March. Hopefully, this cryptocurrency will gather sufficient strength in the coming days to break this resistance. Chart by TradingView 3. MACD Turns Bullish The 3-day MACD turned bullish in early May, but only in the past few days did the momentum pick up. This is encouraging and supports a sustainед rally in the coming weeks that could see XRP revisit $3. Based on this, the bias is bullish with a positive outlook. Chart by TradingView The post Ripple (XRP) Price Predictions for This Week appeared first on CryptoPotato .
Ethereum’s Pectra upgrade doesn’t pose a threat to decentralization, according to Mallesh Pai, senior research director at blockchain software firm Consensys, describing the update as a cleanup of the behind-the-scenes “busy work” currently handled by validators. During a May 9 Cointelegraph X Space, Pai said a validator’s chances of proposing a block or earning rewards remain tied to how much ETH they hold, adding that larger validators don’t gain any new advantages under the upgrade: “Rewards continue to be proportional to the amount of ETH you have. it's not the case that if you're a big validator, you somehow have any more advantages than you did before.” Pectra is Ethereum’s most extensive network upgrade since the Merge took place in September 2022. Pectra allows validators to stake as much as 2,048 ETH, up from the previous limit of 32 ETH. The new standard has raised community concerns about the risks of centralization on the network. According to Pai, the Pectra upgrade has taken “a bunch of busy work that the network was doing behind the scenes and removed it.” Pai noted that while there are about a million technical validators on Ethereum, many aren’t truly distinct — large validators often operate numerous virtual keys from a single physical machine. With the Pectra upgrade, those keys can now be consolidated — something he says they are already seeing. “In the best case, we’ll get to about 30,000 validators,” he said, adding that this consolidation reduces auxiliary work and enables network stakeholders to focus on what matters, such as lowering gas limits. Related: Ethereum Pectra upgrade adds new features — How long before ETH price reacts? New Pectra staking limit paves the way for institutions The new limit could pave the way for institutions to stake ETH , according to Artemiy Parshakov, vice president of institutions at Ethereum staking service P2P.org . “EIP-7002 makes institutional staking much easier to integrate without taking too much risk.” Ether staking within exchange-traded funds has been a hot topic in 2025. BlackRock has said that the successful Ether ETFs are less perfect without staking , and multiple financial institutions have filed for amendments to their Ether ETFs to allow for staking. If approved, investors might be more inclined to buy into the ETFs, as they could receive yield. The SEC has yet to rule on staking amendments. Bloomberg ETF analyst Eric Balchunas recently forecast in a podcast interview that if staking were to be approved for Ether ETFs, it would have “a little impact” on inflows . “The bigger problem with Ethereum is performance; it just doesn’t ever go on a nice long rally.” Magazine: Pectra hard fork explained — Will it get Ethereum back on track?
Surpassing Amazon was just the beginning – what does Bitcoin’s $2 trillion leap tell us about the market’s next move? Bitcoin surpasses Amazon in market cap, hitting $2.045 trillion and