Ethereum's MVRV signals an undervaluation of the altcoin, but a bullish reversal remains unclear.
According to a recent CryptoQuant Quicktake post, Bitcoin (BTC) may be close to completing its price correction for the current market cycle. The premier cryptocurrency appears primed for positive movement in 2025, despite lingering macroeconomic uncertainty. Bitcoin Looks Ready To Reverse Trend In a Quicktake post, CryptoQuant contributor Crypto Dan highlighted that BTC is currently undergoing a correction phase similar to the one observed in 2024. The analyst noted that the amount of BTC held for less than one week to one month can serve as an indicator of how “overheated” the crypto market is. Related Reading: Bitcoin Following Gold’s Footsteps? Analyst Sets Mid-Term Target At $155,000 For context, in markets with high speculative activity – such as crypto – price pullbacks tend to be significant. In contrast, markets with lower speculation, like gold, typically experience shallower corrections. Crypto Dan shared the following chart showing three major phases of the crypto market – a market rally (red arrow), an increase in the ratio of BTC held for less than one week to one month (green pattern), and a subsequent correction (yellow arrow). He explained that this pattern has played out twice during the current bull market, with both instances showing similarly elevated levels of short-term BTC holdings, suggesting a comparable degree of market overheating. This ratio has now reached a cycle low, highlighted in the yellow-box region of the chart. Notably, this same region also marked the bottom of the 2024 market cycle. If the pattern mirrors its behaviour from 2024, it could indicate that the current cycle has also bottomed out. Crypto Dan explained: In other words, the overheating is now resolved, and although we may need to wait a little longer, with the progress of macroeconomic issues, 2025 is likely to show a positive movement. Adding to the optimism, a separate post on X by crypto analyst Titan of Crypto also points to a possible shift in momentum. The analyst noted that BTC recently formed a golden cross on the daily chart – a bullish signal that often suggests a trend reversal is underway. For the uninitiated, a golden cross occurs when Bitcoin’s 50-day moving average crosses above its 200-day moving average, signalling a potential long-term bullish trend. It’s widely seen as a buy signal by traders, indicating growing upward momentum. BTC Futures Sentiment Index Signals Caution Despite these bullish signals, not all analysts are convinced. Fellow CryptoQuant contributor abramchart recently observed that BTC’s futures sentiment index has continued to decline since February, suggesting a more cautious outlook among derivatives traders. Related Reading: Bitcoin Flashes ‘Death Cross’ Amid Tariff-Induced Market Turmoil – Is Further Decline Inevitable? Adding to the leading digital asset’s woes, a recent report suggested that China may be preparing to sell a large amount of confiscated BTC, which may increase selling pressure and potentially suppress prices in the short term. At press time, BTC trades at $84,766, down 0.1% in the past 24 hours. Featured image created with Unsplash, charts from CryptoQuant, X, and TradingView.com
On April 19th, COINOTAG News reported that Canary Capital has officially submitted a filing for an exchange-traded fund (ETF) designed to track the price movements of Tron’s native token, TRX.
Withdrawals from Ethereum ETFs signal decreasing investor confidence. Analysts predict a potential price drop for ETH to as low as $1,100. Continue Reading: Ethereum Faces Pressure as ETF Withdrawals Continue The post Ethereum Faces Pressure as ETF Withdrawals Continue appeared first on COINTURK NEWS .
The Cardano (ADA) price is currently testing key near-term resistance around its 21DMA, and while the likelihood of a modest short-term rebound is growing, the outlook for a sustained rally isn’t great right now. ADA broke above a short-term downtrend around one week ago and if it can also break above its 21DMA, a bounce to its 200DMA in the $0.70s is likely. However, in the grand scheme of things, ADA remains stuck well within its recent multi-month $0.50-$1.20ish range. And the outlook for a major breakout above this range isn’t looking great right now. That’s principally because 1) risk appetite in the broader market remains poor and 2) a flood of new liquidity is unlikely to materialize anytime soon. Whilst ardently pro-crypto, the Trump administration is intent on pursuing economic policies (namely tariffs) that are likely to harm the US economy in the short-term, whilst also pushing up inflation. The prospect of weaker growth is hurting risk assets like stocks and crypto. The fact that Fed policymakers, namely the Fed chair Jerome Powell , are reluctant to cut interest rates due to fears about sticky inflation are making things worse. Jerome Powell could lower rates and boost the economy but refuses Is it time to end the FED? pic.twitter.com/iRKTkWk8mZ — TaraBull (@TaraBull808) April 18, 2025 Altcoin seasons that have benefitted the Cardano price in the past have typically come at times of mass liquidity injection from the Fed. But a new flood of liquidity is unlikely to come anytime soon, so major altcoins like Cardano are set to continue to struggle. What Needs to Happen for a 400% Cardano Price Rally? If the US economy tilts into recession later this year and the Fed doesn’t respond as aggressively as the market hopes, that could be a recipe for substantially lower crypto price in the coming months. The Cardano price could easily slip back to test its mid-2024 levels around $0.30. For a major rally to send the price surging back towards record highs above $3.0 per token, a few things will need to happen. Firstly, the economy will likely need to be coming through the other end of any recession. That would allow risk appetite in the broader market to pick up. But for altcoin season to really get going, major easing from the Fed would be required. If the Fed is pumping the market full of QE again, this would be the signal for the potential arrival of a new altcoin season. Under such circumstances, a 400% rally back to record highs for ADA would be very possible. In fact, Cardano could even go further than that before the end of Trump’s four-year term. The Trump administration and current Congress are massively pro-crypto, with both pushing regulatory policies/legislation designed to bolster growth in the industry. “Cardano is a ghost chain with nothing going for it” Cardano: pic.twitter.com/88KDoqM5mB — Dawson Allen (@ddawsoncrypto) September 26, 2024 That should lift all boats, including the Cardano price. That said, Cardano lack’s substantial adoption compared to some of its closest rivals like Solana and Ethereum . Cardano Alternative to Consider – Solaxy (SOLX) Given its high level of adoption and developer activity, Solana is likely to extend its lead over Cardano in the coming years. That’s probably going to be reflected in better SOL price performance, too when compared to ADA. Those confident in Solana’s outlook would do well to accumulate SOL during the current market dip. However, it might also be a good idea for Solana investors to add highly promising Solana projects like Solaxy (SOLX) to their portfolios as well, given the prospect of even higher gains. Solaxy (SOLX), a pioneering Layer-2 solution for the Solana blockchain, addresses critical network congestion and scalability issues, enhancing transaction speed and reliability. By processing transactions off-chain and settling on Solana’s mainnet, Solaxy ensures low fees and high throughput, supporting applications like meme coin trading. Its presale, launched in December 2024, has raised over $30 million, reflecting strong investor confidence. The $SOLX spaceship is picking up speed! 30M Raised! pic.twitter.com/qvrYUwt2Sy — SOLAXY (@SOLAXYTOKEN) April 14, 2025 Priced at $0.001694, SOLX offers 135% staking APY, with over 8.3 billion tokens staked. Audited by Coinsult, Solaxy’s robust tokenomics and cross-chain compatibility with Ethereum position it as a compelling investment opportunity within Solana’s thriving ecosystem. The post Cardano Price Analysis: What Needs to Happen for a 400% Rally appeared first on Cryptonews .
American asset management firm Canary Capital has boldly moved a new filing for a staked Tron ETF. On Friday, the firm filed an S-1 prospectus with the U.S. Securities and Exchange Commission for a spot Tron ETF that would include staking capabilities. The new Canary Staked TRX ETF product seeks to provide Tron’s price exposure . Canary Capital expands ETF lineup with Tron filing Renowned for pioneering some of the most notable altcoin ETF products, this latest Tron ETF further solidifies the firm’s position at the forefront of the exchange-traded fund revolution. Canary Capital has yet to reveal the trading platform on which the product will trade; however, it confirms it will provide exposure to the price of Tron. Canary Capital plans to use Coindesk Indices’ pricing data to determine the product’s Net Asset Value (NAV). This latest filing comes barely a month after the asset manager filed for Pengu ETF with the US Securities and Exchange Commission (SEC). Nashville, Tennessee-based Canary is also seeking approval for Sui and XRP ETFs, in addition to filings for Hedera (HBAR) and Polkadot (DOT), bringing its total number of altcoin ETF proposals to six. The spike in applications is part of a flurry of filings for ETFs tracking altcoins, resulting from last year’s successful debut of funds tracking Bitcoin and Ethereum’s performance, respectively. The 11 Bitcoin funds have gained over $35 billion in net inflows over 15 months. As the trust’s sponsor, Canary Capital Group LLC will oversee the ETF’s operations and manage its performance . CSC Delaware Trust Company is expected to act as the trustee. The company notes that this new product structure intends to offer investors regulated access to staking rewards and market exposure to one of the most popular proof-of-stake digital assets. Tron, trading as TRX and the ninth-biggest cryptocurrency with a $23 billion market capitalization, was trading at about $0.24, down more than 3% over the past 24 hours. TRX has risen roughly 120% during the past year. The coin runs on its own blockchain and aims to build a decentralized internet controlled and owned by the individuals who use it. New SEC leadership hopes for altcoin ETF approvals by mid-2025 Industry optimism remains high despite the SEC’s ongoing delays in ruling on several altcoin ETF proposals. Other asset managers, including BlackRock, Bitwise, 21Shares, Franklin Templeton, and VanEck, are on the list of major fund issuers seeking an SEC green light for proposed ETFs. The companies have now filed applications for ETFs based on Solana (SOL), XRP, Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC). Industry analysts have said that XRP and Solana ETFs will likely receive approval next. Earlier this year, Bloomberg analysts forecasted a 90% chance of a Litecoin ETF gaining approval in 2025, citing its classification as a commodity and its structural resemblance to Bitcoin. The recent appointment of Paul Atkins as the new SEC Chair is also expected to boost the prospects for crypto ETF approvals. Alongside commissioners Mark Uyeda and Hester Peirce—both industry-friendly—Atkins is viewed as a positive force for the sector. With the change in leadership, experts anticipate that the SEC could greenlight multiple altcoin ETFs by mid-2025. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
In March, the White House held a digital assets summit in the State Dining Room and it was attended by several founders except Charles Hoskinson, the co-founder of Ethereum and Cardano, and many found it odd. After all, there were expectations that Cardano’s token would be included in a crypto strategic reserve. Hoskinson has shrugged off the snub, not seeing why it should bother him when he is not trying to enter their good books. Charles Hoskinson did not mind not getting invited to the crypto summit One of the biggest reasons why Hoskinson does not feel left out after not getting an invitation to the summit is that he is not going out of his way to foster a connection to the Trump administration. ”A lot of people want to get close to David Sacks and Bo Hines and build relationships there,” Hoskinson told DL News. “That’s the flavor of the week. It’s nice for optics, but it doesn’t translate into sustainable, permanent policy.” As far as the billionaire blockchain builder is concerned, he does not need to “make a deal with Trump,” and so spending time with him is not at the top of his list of priorities. These days, he has his hands filled with promoting blockchain technology — ie, Cardano — to lawmakers, regulators, and even the occasional head of state as a useful tool for government services. In a bid to win these people over, Hoskinson has become some sort of DeFi diplomat flying around the world to offer insight on forming what he calls sustainable, permanent policy for blockchain technology. He has even reportedly gotten close to Senator Tim Scott, the influential chairman of the Senate Banking Committee, who is shepherding the landmark stablecoin bill through Congress. Great dinner with Senator Scott. America's best days are coming pic.twitter.com/r8tXfzhDB9 — Charles Hoskinson (@IOHK_Charles) November 21, 2024 Hoskinson hopes the future of crypto will have stable regulatory laws Since Trump became president, he has signed an executive order to overhaul crypto policy, established a Bitcoin strategic reserve, and appointed Paul Atkins , a pro-crypto lawyer, to head the Securities and Exchange Commission (SEC). It has taken the industry several steps forward but, Hoskinson is looking at the long game and hopes that when Trump’s time comes to an end, the changes he made will remain permanent fixtures in the emerging framework for the industry. He has been advocating for more stable regulatory laws and is currently monitoring a market structure bill that would establish clear regulatory authority by dividing up the responsibilities between the SEC and the Commodity Futures Trading Commission ( CFTC ). Solidifying such measures into place is important, Hoskinson has said. “There will be a person after Trump, whether it be JD Vance or a Democrat or somebody else, it’s immaterial,” he stated. “I need a consistent, stable set of rules.” Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Lyn Alden predicts positive performance for Bitcoin in the coming months. Market liquidity is critical for Bitcoin's value appreciation today. Continue Reading: Macro Expert Reveals Insights on Bitcoin’s Future Performance The post Macro Expert Reveals Insights on Bitcoin’s Future Performance appeared first on COINTURK NEWS .
Dogecoin’s recent Futures market surge signals significant investor interest despite immediate price fluctuations. The memecoin has seen over 772% increase in Options Volume, indicating heightened speculative activity among traders. “The
April 19th, 2025— The Ethereum price experienced a slight uptick of 0.75% to reach $1,595 during Friday’s trading…