A closely followed on-chain analyst believes that Bitcoin ( BTC ) is at a critical juncture and may be one big move away from signaling bull market exhaustion. Pseudonymous analyst Checkmate tells his 114,800 followers on the social media platform X that Bitcoin is facing heavy selling pressure at current levels based on its heatmap, a visual tool that shows where buy and sell orders are stacked in the orderbook. “Bitcoin is working its way through a very dense supply cluster between $93,000 and $100,000. Pretty much blue skies above $100,000.” Source: Checkmate/X According to the analyst, Bitcoin bulls need to step up and gobble up the selling pressure all the way up to $100,000. Otherwise, BTC could print a bearish lower high structure and signal that the bull market is over. “In my view, it’s pretty important that Bitcoin clears this price zone in the near term. We’re sitting right in the middle of a decision point, and all it will take is one big red or green candle from here to convince people of a lower high, or bull continuation, respectively.” Source: Checkmate/X Checkmate’s chart shows that hundreds of thousands of BTC positions are underwater as Bitcoin struggles to move above $95,000. The analyst also says that hesitation at current levels might be seen as a sign of trend exhaustion. “We don’t want to keep chopping, to be honest, need to establish a clear trend.” While it appears that sellers have the upper hand above $95,000, Checkmate notes that demand for Bitcoin exchange-traded funds (ETFs) remains strong. “Cumulative inflows into the Bitcoin ETFs have hit a fresh ATH (all-time high) of $40.62 billion.” Source: Checkmate/X At time of writing, Bitcoin is trading for $94,816. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Analyst Warns Bitcoin One Big Red Candle Away From Signaling That Bull Market Is Over – Here’s His Outlook appeared first on The Daily Hodl .
Shiba Inu (SHIB) might have its price increase more than fivefold from where it is now, based on recent market analysis. The meme coin trades at $0.0000125, down 3% from its daily high and 9% within the last seven days. In spite of these latest plunges, an analyst is optimistic about SHIB’s prospects. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off Price Target Suggests Whopping Gains Ahead Technical analyst Javon Marks reaffirms his earlier projection that Shiba Inu will most probably reach $0.000081 during the current cycle in the market. This goal is up 500% from the current price. Marks mentions SHIB’s bull run to $0.000033 in December 2024. Then, the price drops back to $0.000010, which according to the analyst, is “expected” and part of a healthy correction process. The token settled above $0.00002 as of the close in 2024, something Marks considers as validation of his technical perspective. Present price levels at $0.00001290 now are what he terms a base for the anticipated higher move. We maintain our $0.000081 breakout target for $SHIB (Shiba Inu), projecting a nearly +500% uphill run to reach it… https://t.co/8OdILFYB5q pic.twitter.com/jTxSAGqiWA — JAVON⚡️MARKS (@JavonTM1) May 3, 2025 Technical Indications Suggest Hidden Bullish Divergence As per market reports, the chart of SHIB shows a trend called hidden bullish divergence. This occurs when prices create higher lows but technical indicators such as RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) give lower lows. Marks infers this pattern is indicative of increasing buying pressure hidden beneath, contrary to apparent weakness in near-term momentum measures. The token remains above such key levels of support while also establishing higher price lows, adding to its technical strength. Buyers and sellers wait for a break from the sideways pattern of recent trading, something that may force prices upward when volume increases. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Long-Term Holders Keep Growing Meanwhile, latest data indicates growth in SHIB investors with over one year holding the same. The segment has consistently increased since mid-2022 and continued to grow through early 2025. Long-term holders grew during both price appreciation and depreciation, indicating steady accumulation during any market condition. An expanded foundation of long-term holders normally tames selling pressures, assisting with price support as well as other important support areas. The size of short-term traders (lesser than a month’s holders) declined by 35%. Holders with intermediate terms have risen by 3%. This change demonstrates deceleration towards short investment programs. Featured image from Unsplash, chart from TradingView
Bernstein predicts that corporate treasuries could hold $330B worth of Bitcoin by 2029. That prediction indicates an ongoing change of heart from Wall Street — and could prime BTC Bull token to explode in 2025. Larry Fink, CEO of Blackrock, used to be a Bitcoin critic. Now, Blackrock offers $IBIT, the largest Bitcoin ETF on the market, controlling $55B of the $116B Spot Bitcoin AUM (assets under management). Institutional interest in Bitcoin isn’t just a trend. It’s fast becoming a strategic necessity. Bernstein’s latest report projects a staggering $330B in corporate Bitcoin holdings by 2029, a figure that underscores the growing role of BTC in mainstream finance. Corporate Bitcoin Adoption Is Accelerating According to Bernstein’s research, companies worldwide could allocate up to 5% of their treasuries to Bitcoin by 2029, translating to an estimated $330 billion inflow. BlackRock, the world’s largest asset manager, echoed similar sentiments, calling Bitcoin ‘too risky not to own’ as a strategic asset. That trajectory – Bitcoin as a strategic asset, rather than just another kind of tech stock – marks a dramatic turnaround. If sovereign wealth funds sink 3-5% of their assets into Bitcoin, the crypto’s price could reach astronomically high levels; $700K, per an earlier Fink prediction . The question remains: are funds buying Bitcoin? Strategy Pioneers Bitcoin as Strategic Asset Michael Saylor’s Strategy (formerly MicroStrategy) certainly is. It continues to amass Bitcoin at a prodigious rate. After snapping up another 1800+ Bitcoin, the company holds 555,450 $BTC . There will eventually be only 21M Bitcoin, so Strategy already holds a little over 1 out of every 42 potential tokens. Put another way, the stated goal of the US Bitcoin Treasury is to purchase 1M Bitcoin. Saylor’s already halfway there by himself. Strategy’s stock has grown 2,476% since buying its first Bitcoin in August 2020, validating Saylor’s increasingly aggressive approach to purchasing Bitcoin. The key to Bitcoin’s success will be if it continues to decouple from equities. The more Bitcoin charts its own course, the more appealing it becomes to asset managers – and the more money will continue to flow into crypto. And if Bitcoin gets even close to that $700K mark, then another group of crypto investors will have already made huge gains – anyone who owns BTC Bull token, one of the best crypto to buy now . BTC Bull Token ($BTCBULL): Riding the Institutional Bitcoin Wave How can average investors compete with institutions able to drop billions into Bitcoin treasuries? With BTC Bull token ($BTCBULL) , there’s a way. $BTCBULL is designed to give everyday crypto enthusiasts leveraged exposure to Bitcoin’s market movements, without the complexity of managing futures or options. BTCBULL uses two simple tokenomics tools to tie $BTCBULL’s performance to Bitcoin’s growth. Regular token burns apply deflationary pressure to $BTCBULL’s price, while airdrops reward BTC Bull investors and token holders. Both tools are triggered whenever Bitcoin reaches key price milestones. Those milestones occur every time Bitcoin’s price reaches an all-time high, in $25K increments up to $250K. Of course, if Bernstein’s prediction is correct, then the team behind BTC Bull might have severely undershot with their project’s goals. Regardless, $BTCBULL token holders gain three ways to earn from the project: $BTCBULL token price increase $BTCBULL staking (currently 77% APY) $BTC and $BTCBULL airdrops for token holders in the Best Wallet app The project has already raised $5.3M, with a current token price of $0.0025. Our analysis shows that the token price could reach $0.06467 by the end of the year, with the potential for even greater gains if Bitcoin accelerates rapidly. Learn how to buy BTC Bull token , and visit the presale page today. BTC Bull Token: Made for the Current Bullish Bitcoin Landscape As institutional Bitcoin adoption grows, retail investors seek vehicles that maximize their upside potential. $BTCBULL is perfectly positioned to fill that gap, offering amplified returns tied directly to Bitcoin’s price movements. And the better Bitcoin does, the better the outlook for the best altcoins , which will also benefit from market momentum. Always do your own research. This is not financial advice, and the crypto market remains highly volatile. With bullish momentum across the market and growing mainstream acceptance, projects like BTCBULL could become key players for traders aiming to capitalize on Bitcoin’s next growth cycle.
XRP is trading at $2.14 with a market capitalization of $125 billion and a 24-hour trading volume of $1.99 billion. The asset’s intraday price range extends from $2.09 to $2.16, reflecting cautious buying pressure within a narrow band of resistance and support. XRP On the 1-hour chart, XRP has shown a modest recovery from a
The world’s top crypto exchange by trading volume is listing two new decentralized finance (DeFi) altcoins. According to a new announcement , Binance is listing Maple Finance ( SYRUP ) and Kamino Finance ( KMNO ) with a seed tag applied. “Binance will list Maple Finance (SYRUP) and Kamino Finance (KMNO) and open trading for the following spot trading pairs at 2025-05-06 15:00 (UTC). New Spot Trading Pairs: SYRUP/USDT, SYRUP/USDC, KMNO/USDT, and KMNO/USDC.” Binance’s seed tag is a classification for cryptocurrencies that are in their early development stages and may not yet have a fully established product or user base. Said tokens tend to be highly volatile and carry greater investment risks compared to more mature assets. Maple Finance is a DeFi platform designed for institutional lending, providing accredited borrowers with fixed-rate loans that require substantial collateral. By leveraging blockchain and smart contracts, it aims to enhance transparency and streamline traditional credit markets, with the goal of making borrowing more efficient. SYRUP has responded positively to the announcement, trading for $0.242 at time of writing, up 42% on the day. Kamino Finance is a DeFi platform on Solana ( SOL ) designed to streamline yield generation with automated liquidity management. KMNO saw less of a boost from the announcement, currently up 3% in the last 24 hours, trading for $0.078 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post DeFi Lending Altcoin Explodes After Binance Announces Surprise Trading Support appeared first on The Daily Hodl .
As the Federal Reserve’s Federal Open Market Committee convenes tomorrow, the crypto market appears to be at a crossroads, with investors keenly awaiting signals that could influence digital asset valuations. Currently, the consensus among analysts suggests a high probability that the Fed will maintain its benchmark interest rate within the 4.25%–4.5% range, reflecting ongoing concerns about inflation and economic stability. Bitcoin ( BTC ) has exhibited resilience ahead of the meeting, trading around $95,000, while Ethereum ( ETH ) hovers near $1,787. However, the broader crypto market remains sensitive to macroeconomic cues, particularly those emanating from the Fed’s policy decisions. Market participants are closely monitoring Fed Chair Jerome Powell’s statements for indications of the central bank’s future policy trajectory. A dovish tone, suggesting potential rate cuts or a slowdown in quantitative tightening, could inject optimism into the crypto market, potentially propelling Bitcoin past the $100,000 mark and invigorating altcoin performance. Conversely, a hawkish stance emphasizing persistent inflation concerns and a commitment to tight monetary policy may exert downward pressure on cryptocurrencies, with Bitcoin potentially retesting support levels around $89,000. You might also like: Canada-listed SOL Strategies buys more Solana Trade war and inflation concerns Despite stronger-than-expected job growth and rising consumer prices, the Fed is unlikely to move rates, resisting pressure from President Trump, who publicly called for rate cuts to offset what he described as nonexistent inflation. The Fed, which operates independently from the White House, faces complications from new tariffs that could further fuel inflation. Economists warn that trade tensions may continue to drive up prices, particularly affecting lower-income Americans. Consumers are already feeling the strain of high borrowing costs and inflation on their daily expenses. Markets currently anticipate the Fed will begin cutting rates in July, potentially followed by two or three additional cuts by year-end. If rates are lowered, consumers could see relief through reduced interest rates on loans and credit, improving access to cheaper borrowing. You might also like: New Hampshire becomes first state to authorize Bitcoin and crypto investments
Jeffy Yu, the founder of the AI Agent Zerebro , reportedly died on May 5 following a livestream where Yu allegedly took his own life. However, the alleged suicide has sparked debate after Yu’s obituary was deleted earlier today. The events come less than two weeks after the supposedly autonomous Zerebro X account published a slew of racist and offensive tweets on April 28, with some of them directly calling out its creator, Jeffy. Jeffy’s posts on X leading up to the events were also rather controversial, but on April 25, Yu had also posted, “I am of sound mind and in good health. I am not suicidal, nor do I intend to harm myself in any way. If anything happens to me, it should be treated as suspicious.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
New Hampshire has won the race among U.S. states looking to pass laws allowing them to invest public funds in crypto reserves. Republican Governor Kelly Ayotte signed bill HB 302 into law on Tuesday, allowing the state to accumulate Bitcoin, making it the first in the US to do so. New Hampshire Approves First State-Level Strategic Bitcoin Reserve “New Hampshire is once again first in the nation!” Governor Ayotte asserted on the X social media site. “Just signed a new law allowing our state to invest in cryptocurrency and precious metals.” The New Hampshire bill, which was initially introduced in January, allows the investment of up to 5% of public funds in a digital asset that has at least $500 billion in market capitalization — a threshold only BTC currently meets. As per the bill, the state can invest in Bitcoin directly or via exchange-traded products. The treasury can hold the fund securely in a multisig wallet or keep it with a qualified custodian. “Satoshi Action drafted the model, New Hampshire engraved it into law, and now every treasurer nationwide can follow that roadmap,” said Dennis Porter, the founder of the Satoshi Action Fund. “HB 302 proves you can protect taxpayer money, diversify reserves, and future-proof state treasuries — all while embracing the most secure monetary network on Earth. New Hampshire didn’t just pass a bill; it sparked a movement.” https://twitter.com/Dennis_Porter_/status/1919789205258916120 The Strategic Bitcoin Reserve law will officially take effect 60 days after the signing by the Governor, creating a framework for the state to start scooping up BTC. Although New Hampshire is the first US state to approve a crypto reserve law, there is a slew of other states that have been making legislative efforts to set up a Bitcoin reserve. Notably, Arizona had been the first state to pass a similar bill to its governor’s desk, but the state’s governor recently vetoed the legislation. On May 5, Florida “indefinitely postponed” two crypto-related bills that would have helped create a Bitcoin reserve for the state, joining a number of other states whose attempts to back their treasury with Bitcoin have misfired, despite intensified national attention on the policy since President Donald Trump’s pledge .
Treasury Secretary Scott Bessent told lawmakers Tuesday that a fresh estimate of when the United States will run out of cash to pay its bills is “forthcoming,” adding that the debt ceiling is already “on the warning track.” He explained that the Treasury is still counting the flood of annual tax payments that arrived around the April 15 filing deadline. Those receipts will shape the so-called X-date—the day the government runs out of cash and extraordinary accounting moves to keep paying its bills. On Capitol Hill, that deadline is more than a bookkeeping entry. Republican leaders have tied their sweeping bill covering tax cuts, border measures, and energy policy to a debt-limit increase, planning to push it through the House on GOP votes alone before the X-date arrives. Bessent had pledged to update Congress during the first half of May. Appearing before a House Appropriations subcommittee on Tuesday, he declined to give a hard figure but assured lawmakers the forecast would land soon. “Just as an outfielder running for a fly ball, we are on the warning track,” he said. “And when you’re on the warning track, it means the wall’s not far away.” The cap on federal debt snapped back to $36.1 trillion on Jan. 2. Since then, the Treasury has used special measures—pausing certain investments and shifting internal funds. Officials warn that those tactics end once available cash is gone. Bessent said daily balances now swing by tens of billions of dollars, making precision hard, but he stressed that missing payments would shake global credit markets and raise costs for U.S. families. Regarding the digital dollar, aka CBDC, the secretary responded, “We believe that digital assets belong in the private sector,” and answered “No, sir,” when pressed on whether he supports a Federal Reserve central bank digital currency. Bessent asked US investors to look beyond Trump’s criticism A day earlier, at the Milken Institute Global Conference in Los Angeles, Bessent sought to calm investors. He asked them to look beyond criticism of President Trump’s agenda. He said, “You’ll be glad you did — not only because we have the most productive workforce in the world. But because we will soon have the most favorable tax and regulatory environment as well.” His pitch came only hours after Mr. Trump ordered new tariffs on foreign film producers, a move that puzzled Hollywood insiders who questioned how such a levy would work. The measure echoes earlier duties on steel, aluminum, and electric vehicles. Markets have been jittery since last month, when the president imposed tariffs on several trading partners and deepened a fight with China, sending share prices lower. Bond yields swung sharply after each announcement, signaling traders’ rising unease there. “Our goal with trade policy is to level the playing field for our great American workers and companies,” he said at Milken. He called the broader debate “noisy” but said investors should judge the country by its fundamentals: a vast consumer market, deep capital markets, and what he described as “the most competitive tax code in the industrialized world” once Congress acts. The trade drama spilled onto social media Sunday night, when Mr. Trump posted on Truth Social that he was ordering agencies “to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign Lands.” On Monday, a White House spokesman said no final decision had been made and officials were still studying options. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Everyone watches the top 100. The real upside is often in the next 1,000. These low cap projects aren’t trending. They aren’t being pushed. But they’re building real things — and that’s what matters. 1. Kaanch Network – Still Early at $0.16 Kaanch builds staking and governance systems for Web3 teams. It’s in Stage 5 of presale. Price: $0.16. Stage 6 = $0.32. Tools live and working Small market cap Growing without influencer noise This is the kind of project that often moves before the market notices. 2. PileDEX (PLX) PileDEX is a gas-efficient DEX for small altcoin pairs. It filters rug tokens and provides real-time risk flags. Token used for trading fee discounts Built-in LP protection Quietly gaining early volume 3. HashBits (HBT) HashBits helps developers deploy backend functions as NFTs. Each NFT includes code, compute rights, and billing rules. For dApp builders and plugin creators Token used to execute or rent compute Not on radar yet 4. RailNode (RLN) RailNode builds micro-oracles for isolated dApps. You spin up a node, set rules, and feed verified data. Token used to start or subscribe to nodes Quiet testing in DeFi tools No major coverage so far 5. VoiceMark (VMC) VoiceMark is a proof-of-audio NFT platform for podcasters and voice creators. It gives verified ownership to voice content and audio edits. Token powers minting + creator royalties Used by a small closed group Early, but active FAQ Which of these has working tools now?Kaanch is live. Others are close. Why aren’t these trending?No paid marketing. No airdrop spam. Just building. Is Kaanch still in presale?Yes. $0.16 in Stage 5. Next price is $0.32. Where do I buy it? https://presale.kaanch.com What makes a low cap project worth watching?Product, traction, price entry, and quiet demand. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.