Bitcoin price started a fresh increase and traded to a new all-time high above the $109,000 zone. BTC is now consolidating and might aim for an increase toward $112,000 Bitcoin started a fresh upward move from the $106,000 zone. The price is trading above $107,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $107,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,850 resistance. Bitcoin Price Sets New ATH Bitcoin price started a fresh increase from the $104,200 support zone . BTC formed a base and was able to clear the $106,000 resistance zone. The bulls pushed the price above $107,500. The bulls even pumped the price above the $109,000 resistance zone. The price traded to a new all-time high near $110,698 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $104,270 swing low to the $110,698 high. Bitcoin is now trading above $108,000 and the 100 hourly Simple moving average . There is also a key bullish trend line forming with support at $107,800 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $110,850 level. The first key resistance is near the $112,000 level. The next key resistance could be $112,500. A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $113,800 resistance level. Any more gains might send the price toward the $115,000 level. Are Dips Limited In BTC? If Bitcoin fails to rise above the $112,000 resistance zone, it could start another correction. Immediate support on the downside is near the $109,000 level. The first major support is near the $107,500 level, the trend line, and the 50% Fib retracement level of the upward move from the $104,270 swing low to the $110,698 high. The next support is now near the $106,500 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $104,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $109,000, followed by $107,500. Major Resistance Levels – $110,850 and $112,000.
The latest updates from COINOTAG indicate a **notable incident** involving a significant **theft** from Coinbase users. According to **Chainalysis**, a hacker has been actively maneuvering **9,080.7 ETH** via the **THORChain**
Hong Kong just turbocharged its digital finance ambitions, locking in a game-changing stablecoin law that mandates licenses, enforces full compliance, and ignites the city’s crypto leadership. Hong Kong Enacts Licensing Law for Stablecoin Issuers, Ushering in New Era for Crypto Assets The Hong Kong Monetary Authority (HKMA) announced on May 21 that the Legislative Council
Summary I am upgrading BTC-USD to a 'strong buy' as Bitcoin decisively broke all-time highs, overcoming bearish technical signals and strong resistance. Bullish momentum is reinforced by weakness in the U.S. Dollar Index and limited upside in the S&P 500, favoring capital rotation into cryptocurrencies. Potential risks include a bearish Deep Crab pattern and political uncertainty around the U.S. strategic cryptocurrency reserve, but these are not my base case. I will reconsider my outlook if Bitcoin falls below $106,140, but current sentiment and technicals support further upside in the near term. When I last covered Bitcoin USD ( BTC-USD ) on March 2nd, 2025, with my article “Bitcoin: I Was Wrong”, cryptocurrency prices were beginning to lose some of the luster that was present following President Donald Trump’s public comments suggesting that he intended to become the world’s first cryptocurrency President . Of course, these were not just words, there were real actions supporting the bullish long-term cryptocurrency outlook in the United States . Of course, these are deeply positive scenarios for anyone holding large-cap cryptocurrencies, and BTC-USD prices have responded in kind. Since my last analysis was developed, BTC-USD has actually gained by more than +13% even while the S&P 500 has encountered losses of -1.81%. But the story is a bit more complicated than that because bitcoin prices have actually been on a bit more of a roller coaster ride than those somewhat subtle gains might imply. Given bitcoin’s ability to recover losses and form a base at elevated levels, I am raising my rating outlook to a “strong buy” while this newest rally is still in its earliest stages. Bitcoin: Substantial Two-Way Reversals (Income Generator via TradingView ) First, let’s quickly define the most recent “rally” because there are definitely elements of the bitcoin trend that seem to contradict this outwardly bullish assertion. As we can see in the chart above, BTC-USD actually continued to drop (by about -22%) after my prior pessimistic article was published. As a result, I suppose that you could say I was “right” about being “wrong” but market prices quickly reversed into the positive direction after falling below $75,000. This reversal is essentially the main reason I will have to eat some crow with my analysis update today because the bullish trend wave was forceful enough to generate gains of nearly 48% and break above an all-time high resistance level in the process. Bitcoin: Significance of Recent Breakout (Income Generator via TradingView ) When discussing these events with my own trading group, I described the price action of the last few days as being a textbook example of a consolidation zone. Whenever you are dealing with the test of an all-time high (especially when dealing with a high-volume and highly volatile trading asset), the general expectation is that selling pressure is likely to start building as prices continue moving upward. Unfortunately, this can occur either as short-sellers begin to emerge near a critical resistance zone or as bullish cryptocurrency investors start to take profits on prior successful trades. Bitcoin prices, however, really did not experience very much of this type of price action. Almost like a snake hiding in the grass and waiting to strike its prey, BTC-USD prices hovered just below the triple-top resistance region near $107,355 (as well as the +2 standard deviation on the shorter-term time frames). When we did not see any significant pullback from the $107,355 level, I immediately flipped bullish because there were two different negative technical signals (bearish triple-top resistance pattern and the movement of prices into the +2 standard deviation) and neither of them were having much of an effect. Bullish volumes were also rising quite sharply right into this resistance level, and all of this essentially provided a perfect storm of bullish elements that allowed buyers to overcome sellers and print a new record high. Bitcoin: Comparative Trends in U.S. Dollar Index (Income Generator via TradingView ) In order to get a better sense of where cryptocurrency trends are actually headed next, I think it might be important to assess relative performances in peripheral asset classes. As the world’s reserve currency , trends in the U.S. Dollar are often best assessed using the U.S. Dollar Index, and we can see some interesting developments for the greenback when looking at the daily timeframe. Specifically, we can see that the U.S. Dollar Index recently invalidated prior trend momentum readings in the Relative Strength Index ((RSI)) near the beginning of this month. However, upside follow-through has been lacking, with the RSI breaking back below the daily exponential moving average (EMA). In the chart above, this activity is shown with the purple line in the indicator panel falling under the yellow exponential moving average. Importantly, share prices themselves are also trading back below all four major exponential moving averages (20-day, 50-day, 100-day, and 200-day periods) and this gives us a bearish confluence of events that seems to contradict the negative momentum break that was experienced earlier this month. As a result, our next downside price target for the U.S. Dollar Index is not seen until 97.921 (April 21st, 2025 lows). Overall, I expect this to have a positive BTC-USD impact in terms of price action - at least until major support in the U.S. Dollar Index is retested (and confirmed to hold). Bitcoin: Comparative Trends in S&P 500 (Income Generator via TradingView ) Another major peripheral asset that cryptocurrency trades should be watching would be the S&P 500 itself. At this stage, it is probably becoming irritating for many investors to listen to stock pundits talk about the potential for cryptocurrencies to become safe-haven assets . But if this characterization is actually an accurate characterization of the market majority, it might be reasonable to suggest that declining momentum in the S&P 500 could actually become beneficial for bitcoin investors. Based on the chart above, bullish BTC-USD arguments can be made right now, due to the fact that the S&P 500 has already failed at resistance following the sizable rallies that emerged after the crash into $4,835.04 in early April. Of course, the May 19th price highs at $5,968.61 rests less than 3% below the S&P 500’s all-time high of $6,147.43. For all of these reasons, I think it is very difficult to make the argument that the S&P 500 has a great deal of upside potential when the benchmark has already recovered most of the losses that have been experienced since January 31st, 2025. Bitcoin: Potential Bearish Signals (Income Generator via TradingView ) If we do believe that the potential for upside is limited in both the U.S. Dollar Index and S&P 500, where would we then expect investors to start flocking next? Small-cap stocks might be one possibility, perhaps treasuries might be another (especially given the long-term complexities of the current market environment). However, if broader selling pressure in DXY and the major U.S. stock benchmarks is not far away, bullish cryptocurrency investors really needed to see a break of important resistance levels in BTC-USD. This week, this did occur as the time-tested flagship cryptocurrency broke through prior all-time highs, but I will also mention potential risks to the positive outlook. In the chart above, we can see that even though historical resistance zones have been invalidated, cryptocurrency prices are still trading outside the +2 standard deviation and a bearish harmonic pattern has developed after the rally from just above $102,105 on May 19th. Specifically, this is a bearish Deep Crab pattern, and it is large enough to suggest that BTC-USD prices could fall back below $100,500 if the pattern reaches a full point of completion (which does not occur in a large majority of instances). We must also be aware of the fact that there has been a great deal of criticism with respect to the viability of President Donald Trump’s strategic cryptocurrency reserve, so much so that a BBC News article actually used the term “ pig in lipstick ” to describe Trump’s plans for a cryptocurrency future. Of course, if these criticisms turn out to be accurate, I think we might see the U.S. government reconsider efforts to operate the strategic cryptocurrency reserve under the next administration. Unfortunately, any financial news headlines centered in this direction would likely be accepted unfavorably by the cryptocurrency market, and I think that this is the type of event that could lead to the next crypto winter (if these types of events actually materialize). Of course, there are a lot of unknowns here and that negative scenario is not my base case right now. Ultimately, I think that the recent breaks of important resistance levels suggests that market sentiment is actually quite healthy and that the influence of short-sellers is diminishing in size. For all of these reasons, I am upgrading my BTC-USD outlook to a “strong buy” rating and I will reconsider my outlook if we see bitcoin fall below $106,140 (near-term pivot lows recorded during the May 21st trading session).
COINOTAG News reported on May 22nd that the BNB ecosystem project BUILDon (B) is experiencing significant growth, currently boasting a market capitalization exceeding 1.5 billion USD, now at 1.583 billion
A wave of renewed interest is sweeping through the cryptocurrency market amid recent regulatory clarity and growing adoption of blockchain technologies. As major digital assets fluctuate, attention has turned toward altcoins promising substantial growth amid shifting market dynamics. Qubetics has emerged as a strong contender in this space, offering a compelling mix of real-world utility, advanced scalability, and AI-driven innovation. Identifying the top altcoin for massive return potential has become a critical focus for market participants—and Qubetics is increasingly being recognized as a project poised to deliver outsized gains in a volatile environment. One such project rising above the noise is Qubetics ($TICS), positioned to solve real-world challenges that older cryptocurrencies have struggled to address. With its unique ecosystem and ongoing crypto presale, Qubetics is attracting considerable attention as the next top altcoin for massive return potential. 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How can businesses benefit from Qubetics applications? Businesses can utilize QubeQode for secure cross-border payments and Qubetics IDE for decentralized application development, reducing costs and improving operational efficiency. The post The Top Altcoin for Massive Return Potential: Why Bitcoin Was a Missed Opportunity and Qubetics Emerges as the New Star appeared first on TheCoinrise.com .
The White House’s top cryptocurrency official has declared that the proposed stablecoin legislation could unlock trillions of dollars in value for the US Treasury. During an interview on Wednesday , David Sacks, President Donald Trump’s top crypto and artificial intelligence advisor, made the bold prediction. “If we provide the legal clarity and legal framework for this, I think we could create trillions of dollars of demand for our Treasuries practically overnight, very quickly.” Sacks said in an interview . The targeted legislation is the GENIUS Act, which is short for Guiding and Establishing National Innovation for US Stablecoins. It would seek to establish federal standards for how stablecoins are originated and governed. This week, the bill passed a key test in the US Senate on a 66-32 cloture vote. This means it has cleared the 60-vote threshold needed to overcome a filibuster. Fifteen Democrats sided with Republicans in endorsing the measure — a testament to unusual bipartisan support. Under the bill, stablecoin issuers must hold reserves to cover every token they put into circulation. Those reserves must be easily accessible and safe assets, such as cash or US Treasury bonds. The idea is to make sure stablecoins remain exactly that: stable. David Sacks described the bill as “a national economic strategy” that would strengthen the US dollar in the internet industry. He said stablecoins provide a new, more efficient, cheaper, and real-time settlement payment system. Trump family’s crypto involvement raises financial and ethical concerns The bill has gained support but has also courted controversy — mostly because of the deep ties between the Trump family and the crypto industry. World Liberty Financial launched its stablecoin, USD1, backed by President Trump’s son, Donald Trump Jr. US Treasuries and dollar deposits collateralize this coin — the precise type of asset that the GENIUS Act would sanction and regulate. Earlier this month, Abu Dhabi-based investment fund MGX pledged a significant investment in USD1, routing the funds through Binance, the world’s largest crypto exchange. This marks the largest investment in the Trump-linked stablecoin to date. The development has alarmed many Democrats, who warn that the bill could funnel money directly into the President’s and his family’s financial pockets, creating an unprecedented conflict of interest. Senator Elizabeth Warren and other critics demand stronger ethical safeguards be incorporated into the legislation to prevent elected officials from profiting personally. Despite those fears, Sacks expressed confidence that the bill would pass. However, he declined to address questions regarding Trump’s financial ties to crypto. Investors flock to stablecoins as Bitcoin surges past $110,000 Stablecoins are digital currencies pegged to real-world assets like the United States dollar. Unlike Bitcoin or many other cryptocurrencies, stablecoins are intended to remain steady and easy to use as payment. Their popularity is skyrocketing. A recent report by Deutsche Bank revealed that transactions of $28 trillion worth of stablecoins were conducted last year — more than even Visa and Mastercard combined. The stablecoin space is currently led by Tether, representing over 60% of the market, and banked in the US by Cantor Fitzgerald. For now, bitcoin keeps soaring. It reached a fresh high on Wednesday at nearly $110,000 a coin. Sacks believes that stablecoins can be a tool to help the US keep the dollar strong in a world that’s going online and fast. “It also gives the dollar continued dominance online,” he said. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Bitcoin surged past $110,000 on Wednesday evening, setting a new all-time high as crypto rallied hard. The previous peak for Bitcoin ( BTC ), reached during President Donald Trump’s inauguration in January, was surpassed in late morning trading, according to crypto.news data. The buying momentum sustained after U.S. equity markets closed with the largest cryptocurrency by market cap pushing above $110,000. Bitcoin has gained more than 4.5% in the past 24 hours and over 23% in the last month, reflecting a sharp reversal from April’s downturn. You might also like: The Graph enables cross-chain transfer of GRT with Chainlink’s CCIP U.S. equities The rally mirrors the broader recovery in U.S. equities, despite Wednesday’s sell-off on Wall Street. Since late April, the S&P 500 has climbed 15%, while the Nasdaq is up more than 21%. Analysts attribute the bounce to growing optimism that President Trump’s trade policies may be less aggressive than initially feared. After introducing steep tariffs in early April—including a blanket 10% import tax and additional penalties for Chinese goods—the White House signaled a partial retreat . A 90-day pause on the most severe measures was announced last week by Treasury Secretary Scott Bessent following negotiations with Chinese officials. Bitcoin initially fell to a two-month low of $76,000 shortly after Trump unveiled the tariffs, reflecting market fears over a broader global slowdown. Despite Bitcoin’s reputation as a hedge against traditional financial assets, it often trades in tandem with risk-on equities, especially tech stocks. You might also like: Bitget wallet unveils full-stack roadmap across trade, earn, pay, and discover What’s going on with Bitcoin? Some of Bitcoin’s momentum appears driven by crypto-native catalysts. Enclave Markets CEO Phil Wirtjes said the rally was “likely aided by policy advancements,” particularly bipartisan progress on stablecoin legislation . A draft bill that would establish clearer rules for USD-backed digital tokens has gained traction in the Senate. Institutional demand has also picked up. Spot Bitcoin ETFs attracted $329 million in inflows over the last 24 hours. Bitcoin’s latest rally raises questions about how much of its performance is driven by macro versus crypto-native factors. While regulatory clarity and ETF inflows are key tailwinds, the correlation with stocks suggests that investor appetite for risk remains a dominant force in both arenas. You might also like: DefaiCon Istanbul set to be the headline DeFi & AI agent event at Istanbul Blockchain Week 2025
AAVE is currently experiencing a surge in price and interest, driven by impressive demand within the DeFi sector. Recent analytics indicate that both trading volume and Total Value Locked are
AAVE prices are testing a key demand zone.