Bitcoin exhibits robust upward momentum. Global economic factors drive price movements. Continue Reading: Bitcoin Surges Forward, Captivating Global Markets The post Bitcoin Surges Forward, Captivating Global Markets appeared first on COINTURK NEWS .
The cryptocurrency world is buzzing as a key on-chain metric signals a significant shift in the current Bitcoin landscape. According to data highlighted by CryptoQuant contributor Darkfost, the percentage of Bitcoin’s circulating supply held in profit has surged past the 85% mark. This isn’t just a number; it’s a strong indicator that the market is entering territory historically associated with heightened investor sentiment and potentially, peak phases of a market cycle . Understanding Bitcoin’s Supply in Profit So, what exactly is ‘supply in profit’? In simple terms, it’s the percentage of the total circulating Bitcoin supply whose acquisition price (the price at which those specific coins last moved) is lower than the current market price. Think of it as tracking how much of all the Bitcoin out there is currently sitting on unrealized gains. Why is this metric important? Here’s a quick breakdown: Gauges Market Sentiment: A high percentage means most holders are profitable, generally indicating bullish sentiment and confidence. Identifies Potential Tops/Bottoms: Historically, extreme highs and lows in this metric have coincided with major market turning points. Reveals Selling Pressure Potential: While high profit can fuel further buying (FOMO – Fear Of Missing Out), it also means more coins are held by people who *could* sell to realize profits. Approaching the Euphoria Zone: What Does 85%+ Mean? The current climb above 85% places Bitcoin’s supply in profit squarely in a range that has historically preceded periods of intense market excitement, often dubbed the ‘ euphoria zone ‘. Data from past cycles suggests that when this metric pushes above 90% or even 95%, the market is typically experiencing peak bullishness. These phases are often characterized by rapid price increases, significant media attention, and high levels of retail investor participation. While reaching the euphoria zone doesn’t guarantee an immediate top, it serves as a crucial warning sign for seasoned investors. It suggests that a large portion of the supply is now held by those who are significantly profitable, increasing the potential for profit-taking events that could lead to price corrections. Comparing Current Trends to Past Bitcoin Market Cycles Looking back at previous Bitcoin market cycle s provides valuable context. Deep bear markets have historically seen the supply in profit plummet to levels as low as 45-50%. This indicates that during peak despair, more than half of the circulating supply was underwater, held by investors at a loss. This capitulation phase often marks the bottom. More recently, during significant price pullbacks within the current bull trend, the supply in profit has dipped to around the 75% level. These dips often aligned with critical support levels, providing opportunities for accumulation before the next leg up. The current surge back towards 90% from these levels highlights the strength of the recent rally but also brings the market closer to historical peak conditions. Actionable Insights for Navigating the Crypto Market What should investors take away from this? While a high supply in profit is bullish up to a point, nearing the euphoria zone necessitates caution. Here are some points to consider: Risk Management: As the market heats up, consider trimming positions or setting stop-loss orders to protect unrealized gains. Profit-Taking Strategy: Have a plan for when and how you might take profits, rather than getting swept up in the euphoria. Look Beyond Bitcoin: While Bitcoin often leads, analyze the health of the broader crypto market and specific altcoins using similar on-chain metrics where available. Long-Term vs. Short-Term: Your strategy will depend on your investment horizon. Long-term holders might view this differently than short-term traders. It’s important to remember that on-chain metrics are tools for analysis, not crystal balls. They provide probabilities based on historical data, but the market can always behave differently. Conclusion: Navigating Peak Sentiment Bitcoin’s supply in profit climbing above 85% is a significant development, pushing the market closer to a state of historical euphoria. While this reflects strong recent performance and widespread profitability among holders, it also signals that the market is entering a phase where caution becomes increasingly important. Understanding this metric and its historical context within the market cycle is crucial for making informed decisions in the dynamic crypto market . To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action.
Rumors swirl around Trump's intentions to establish a significant Bitcoin reserve. This bold move raises questions about its impact on the broader crypto market. Attention now shifts to alternative cryptocurrencies that might experience a rapid surge. The anticipation builds as traders and investors eagerly await insights into potential winners in this evolving scenario. Cardano: Past Momentum and Current Price Levels Last month showed a modest gain of nearly 4% while the past six months delivered a strong rise of almost 97%. Price action has reflected steady strength, building a bullish backdrop over recent cycles. The weekly improvement of over 12% underscores recent buying interest and overall vigor in the coin during both short- and mid-term periods. ADA current price sits in a range between $0.47 and $1.02, with key resistance noted at $1.37 and a secondary resistance at $1.92. Support is found around $0.27. Bulls seem to hold slight control, though no clear trend has been established. Trading within these boundaries could be productive, with caution advised if prices dip toward the support level. Solana Price Fluctuations and Key Levels Overview Solana recorded a strong monthly gain of 17.05% amid a backdrop of a 6-month decline of 16.66%. Price action over the past month suggests a rebound from lower levels, while the half-year performance reflects broader market challenges. The data shows periods of recovery mixed with uncertainty, highlighting sentiment shifts during sideways movements and occasional surges. Current trading sees Solana’s price ranging between $97.94 and $165.67, with immediate resistance at $206.76 and support at $71.30. Bulls appear active given recent weekly gains of 6.79%, though the trend lacks clear direction. Trading within these bounds may favor short-term positions while maintaining careful risk management. SUI Soars Amid Market Momentum SUI experienced a 51.52% gain over the past month and a 68.02% rally in the last six months. Price growth has been strong and steady, reflecting positive market sentiment and growing investor interest during these periods. Currently, SUI trades between $1.74 and $3.03 with a nearby resistance at $3.78 and a second level at $5.07, while support stands at $1.21. The rising RSI near 75 and a 59.43% weekly increase indicate bullish pressure, though overbought conditions signal caution. Traders may find opportunities within these key levels, watching the resistance zone as a potential exit or reversal point while monitoring momentum for further confirmation. Conclusion If Trump establishes a strategic Bitcoin reserve, several altcoins may see a quick boost. ADA may benefit as it seeks more institutional interest. SOL could rise due to its fast transactions. SUI may gain attention as a newer player with potential. The move might spur broader interest in these coins, leading to increased investments and market activity. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Renewed interest in Ethereum ETFs, strong on-chain metrics, and a bullish chart setup are stoking optimism about ETH reaching $2,000 soon. Institutional demand is on the rise as Ethereum ETFs
Zug, Switzerland, April 29th, 2025, Chainwire With a simple, easy-to-use interface, users will be able to shield their transaction history and trade privately across multiple blockchains in a fraction of a second. Common , a new privacy-first DeFi platform built on Aleph Zero’s infrastructure, today announced the launch of its Web App, in collaboration with the partner responsible for the operation of Common Labs Inc. The mobile version, due at the end of May, will be the world’s first privacy-preserving mobile app in the crypto space that combines speed with ease of use. For this reason, Common represents a watershed moment for crypto mass adoption. The platform initially supports Arbitrum and Aleph Zero’s EVM, with plans to expand to additional chains, including Base and Ethereum, in the coming months. Common serves as the intuitive interface for Aleph Zero’s Shielder Network, a system of smart contracts, relayers, and zero-knowledge cryptography that enables private transactions across multiple chains. This infrastructure makes it possible for users to protect their onchain activity without relying on centralized exchanges. At the core of the experience is “Shielding” , the process of depositing tokens into a shielded pool to break the link between public wallet activity and future transactions. Users can later unshield by withdrawing to a fresh public address, maintaining privacy throughout. With subsecond proving times performed directly on the device, Common delivers seamless privacy without the usual waiting periods or technical barriers. Unlike other privacy solutions, Common does not commingle funds, preserving full provenance for compliance or auditing if needed. “Privacy shouldn’t be a luxury in crypto. It should be the default,” said Adam Gagol, Co-Founder of Aleph Zero and Co-Creator of Common Labs Inc. “We’ve spent years building the technical foundation to make that possible, and with Common, we’re finally delivering it in a way that anyone can use, without plugins, without compromises, and without needing to trust a third party. Privacy becomes something you tap, not something you configure. This launch is just the beginning of building a truly private, multichain financial layer for web3.” Privacy across chains at the touch of a button The Common Web App works with many popular wallets, such as MetaMask, Ledger (via Metamask), or Rabby, requiring no migration and allowing users to begin transacting immediately. The Mobile App will offer the same privacy benefits in a mobile-native experience, including fiat on-ramp support via Banxa and seamless dApp connectivity. As a non-custodial and completely decentralized platform, Common adheres to core DeFi principles. The entire platform is built on open-source, audited smart contracts, allowing users to verify rather than trust the system. Simple, cross-chain privacy This launch marks the first step in a larger rollout of Common’s ecosystem. Future features will allow users to: Shielded Yield: Earn yield on shielded assets through integrated strategies, without exposing wallet activity. Smart Yield: Automated strategies designed to allow users to set their strategy once and let the system optimize their returns, hands-free. Staking Rewards: Aligning platform growth and user commitment by distributing a share of privacy fees and yield success fees to stakers. Multichain Privacy: Extending privacy support to key EVM chains (e.g., Sonic, Berachain, Monad) and emerging Layer-2 networks. Seamless Private Bridging: Enabling private asset transfers between supported blockchains, simplifying multi-chain management. Enhanced Fiat Access & Payments: Streamlining access to/from TradFi via off-ramps, IBAN support, and crypto payment cards for everyday use. For more information about Common and to apply for early access, users can visit https://common.fi/ About Common Common is a privacy-first DeFi platform that makes financial privacy simple, accessible, and multichain. Built on Aleph Zero’s Shielder Network, Common offers both web and mobile applications that allow users to shield their assets, earn private yield, and transact securely across multiple blockchains. With intuitive UX, fiat on-ramps, and non-custodial architecture, Common combines the ease of fintech with the values of decentralized finance, empowering users to take control of their on-chain privacy. Contact Ana Lezama pr@alephzero.org
Phase I of state-of-the-art facility now online; construction of remaining capacity to start in Q4 WILMINGTON, Del., April 29, 2025 /PRNewswire/ — Compass Mining (the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, today announced the successful energization of Phase I of its new self-owned, state-of-the-art Bitcoin mining facility in Iowa. The first phase, with a 8 megawatts (MW) power capacity, is now fully operational, with construction of the remaining capacity expected to start in Q4. Located on a 5-acre greenfield site, the new Iowa facility marks a significant step in the Company’s growth strategy, increasing its self-owned infrastructure portfolio. Completely owning and operating a site allows the Company to strengthen control over its operations and offer enhanced flexibility to its customers, who now have the option to select “Iowa 4” as the deployment location for new machines purchased through Compass Mining’s platform. “Expanding our self-owned infrastructure is a crucial step in strengthening Compass Mining’s position as a leader in Bitcoin mining hosting,” said Paul Gosker, CEO of Compass Mining. “Owning and operating our own sites gives customers greater operational control while still allowing them to choose from our network of reliable third-party facilities to best meet their individual needs and preferences.” The Iowa facility builds on Compass Mining’s broader U.S. expansion, following the recent launch of its hydro-cooled Bitcoin mining facility in North Dakota. In 2024 alone, Compass Mining energized nearly 50 MW of new power capacity across sites in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas, reinforcing its role as a premier provider of Bitcoin mining hosting solutions. About Compass Mining Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io . Media Contact BlocksBridge Consulting compass@blocksbridge.com
21Shares, a digital asset management firm, has filed an application with Nasdaq to launch a Dogecoin (DOGE) exchange-traded fund (ETF). This move marks a notable development in the cryptocurrency investment space, as the proposed ETF would provide investors with a regulated vehicle to gain exposure to Dogecoin, one of the leading altcoins. The filing indicates growing institutional interest in altcoin-based investment products and could potentially broaden the accessibility of DOGE to a wider range of investors. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
April 29th, 2025 – Zug, Switzerland With a simple, easy-to-use interface, users will be able to shield their transaction history and trade privately across multiple blockchains in a fraction of a second. Common , a new privacy-first DeFi platform built on Aleph Zero’s infrastructure, today announced the launch of its Web App, in collaboration with the partner responsible for the operation of Common Labs Inc. The mobile version, due at the end of May, will be the world’s first privacy-preserving mobile app in the crypto space that combines speed with ease of use. For this reason, Common represents a watershed moment for crypto mass adoption. The platform initially supports Arbitrum and Aleph Zero’s EVM, with plans to expand to additional chains, including Base and Ethereum, in the coming months. Common serves as the intuitive interface for Aleph Zero’s Shielder Network, a system of smart contracts, relayers, and zero-knowledge cryptography that enables private transactions across multiple chains. This infrastructure makes it possible for users to protect their onchain activity without relying on centralized exchanges. At the core of the experience is “Shielding” , the process of depositing tokens into a shielded pool to break the link between public wallet activity and future transactions. Users can later unshield by withdrawing to a fresh public address, maintaining privacy throughout. With subsecond proving times performed directly on the device, Common delivers seamless privacy without the usual waiting periods or technical barriers. Unlike other privacy solutions, Common does not commingle funds, preserving full provenance for compliance or auditing if needed. “Privacy shouldn’t be a luxury in crypto. It should be the default,” said Adam Gagol, Co-Founder of Aleph Zero and Co-Creator of Common Labs Inc. “We’ve spent years building the technical foundation to make that possible, and with Common, we’re finally delivering it in a way that anyone can use, without plugins, without compromises, and without needing to trust a third party. Privacy becomes something you tap, not something you configure. This launch is just the beginning of building a truly private, multichain financial layer for web3.” Privacy across chains at the touch of a button The Common Web App works with many popular wallets, such as MetaMask, Ledger (via Metamask), or Rabby, requiring no migration and allowing users to begin transacting immediately. The Mobile App will offer the same privacy benefits in a mobile-native experience, including fiat on-ramp support via Banxa and seamless dApp connectivity. As a non-custodial and completely decentralized platform, Common adheres to core DeFi principles. The entire platform is built on open-source, audited smart contracts, allowing users to verify rather than trust the system. Simple, cross-chain privacy This launch marks the first step in a larger rollout of Common’s ecosystem. Future features will allow users to: Shielded Yield: Earn yield on shielded assets through integrated strategies, without exposing wallet activity. Smart Yield: Automated strategies designed to allow users to set their strategy once and let the system optimize their returns, hands-free. Staking Rewards: Aligning platform growth and user commitment by distributing a share of privacy fees and yield success fees to stakers. Multichain Privacy: Extending privacy support to key EVM chains (e.g., Sonic, Berachain, Monad) and emerging Layer-2 networks. Seamless Private Bridging: Enabling private asset transfers between supported blockchains, simplifying multi-chain management. Enhanced Fiat Access & Payments: Streamlining access to/from TradFi via off-ramps, IBAN support, and crypto payment cards for everyday use. For more information about Common and to apply for early access, users can visit https://common.fi/ About Common Common is a privacy-first DeFi platform that makes financial privacy simple, accessible, and multichain. Built on Aleph Zero’s Shielder Network, Common offers both web and mobile applications that allow users to shield their assets, earn private yield, and transact securely across multiple blockchains. With intuitive UX, fiat on-ramps, and non-custodial architecture, Common combines the ease of fintech with the values of decentralized finance, empowering users to take control of their on-chain privacy. Contact Ana Lezama pr@alephzero.org This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post Common Launches First Privacy Web App with Subsecond Proving Times for Arbitrum and Aleph Zero EVM appeared first on The Daily Hodl .
Zug, Switzerland, April 29th, 2025, Chainwire With a simple, easy-to-use interface, users will be able to shield their transaction history and trade privately across multiple blockchains in a fraction of a second. Common , a new privacy-first DeFi platform built on Aleph Zero's infrastructure, today announced the launch of its Web App, in collaboration with the partner responsible for the operation of Common Labs Inc. The mobile version, due at the end of May, will be the world's first privacy-preserving mobile app in the crypto space that combines speed with ease of use. For this reason, Common represents a watershed moment for crypto mass adoption. The platform initially supports Arbitrum and Aleph Zero's EVM, with plans to expand to additional chains, including Base and Ethereum, in the coming months. Common serves as the intuitive interface for Aleph Zero’s Shielder Network, a system of smart contracts, relayers, and zero-knowledge cryptography that enables private transactions across multiple chains. This infrastructure makes it possible for users to protect their onchain activity without relying on centralized exchanges. At the core of the experience is “Shielding”, the process of depositing tokens into a shielded pool to break the link between public wallet activity and future transactions. Users can later unshield by withdrawing to a fresh public address, maintaining privacy throughout. With subsecond proving times performed directly on the device, Common delivers seamless privacy without the usual waiting periods or technical barriers. Unlike other privacy solutions, Common does not commingle funds, preserving full provenance for compliance or auditing if needed. “Privacy shouldn’t be a luxury in crypto. It should be the default,” said Adam Gagol, Co-Founder of Aleph Zero and Co-Creator of Common Labs Inc. “We’ve spent years building the technical foundation to make that possible, and with Common, we’re finally delivering it in a way that anyone can use, without plugins, without compromises, and without needing to trust a third party. Privacy becomes something you tap, not something you configure. This launch is just the beginning of building a truly private, multichain financial layer for web3.” Privacy across chains at the touch of a button The Common Web App works with many popular wallets, such as MetaMask, Ledger (via Metamask), or Rabby, requiring no migration and allowing users to begin transacting immediately. The Mobile App will offer the same privacy benefits in a mobile-native experience, including fiat on-ramp support via Banxa and seamless dApp connectivity. As a non-custodial and completely decentralized platform, Common adheres to core DeFi principles. The entire platform is built on open-source, audited smart contracts, allowing users to verify rather than trust the system. Simple, cross-chain privacy This launch marks the first step in a larger rollout of Common’s ecosystem. Future features will allow users to: Shielded Yield: Earn yield on shielded assets through integrated strategies, without exposing wallet activity. Smart Yield: Automated strategies designed to allow users to set their strategy once and let the system optimize their returns, hands-free. Staking Rewards: Aligning platform growth and user commitment by distributing a share of privacy fees and yield success fees to stakers. Multichain Privacy: Extending privacy support to key EVM chains (e.g., Sonic, Berachain, Monad) and emerging Layer-2 networks. Seamless Private Bridging: Enabling private asset transfers between supported blockchains, simplifying multi-chain management. Enhanced Fiat Access & Payments: Streamlining access to/from TradFi via off-ramps, IBAN support, and crypto payment cards for everyday use. For more information about Common and to apply for early access, users can visit https://common.fi/ About Common Common is a privacy-first DeFi platform that makes financial privacy simple, accessible, and multichain. Built on Aleph Zero’s Shielder Network, Common offers both web and mobile applications that allow users to shield their assets, earn private yield, and transact securely across multiple blockchains. With intuitive UX, fiat on-ramps, and non-custodial architecture, Common combines the ease of fintech with the values of decentralized finance, empowering users to take control of their on-chain privacy. ContactAna Lezamapr@alephzero.org Disclaimer: This is a sponsored press release 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.
Key takeaways: Ether’s price was rejected at $1,860, but $1,800 must hold for a $2,000 breakout. Strong Ethereum ETF inflows signal high institutional demand. Ethereum’s $51.8B TVL and 30% DEX weekly volume rise show robust network strength. A bull flag pattern on the ETH’s four-hour chart targets $2,100. Ether’s ( ETH ) price rose to a new range high at $1,860 on April 28, its highest value since April 2. Several analysts argue that the ETH price needs to hold above $1,800 to increase the chances of rising higher. “Once ETH confirms this 4H close above resistance [$1,800], Ether and altcoins will finally get their time to shine,” trader Kiran Gadakh said in an April 29 post on X. “I can feel it in my bones, $2,000 ETH coming fast.” ETH/USD 12-hour chart. Source: Kiran Gadak Popular analyst Nebraskangooner opined that if ETH faces high volume rejection from the $1,800 level, it might drop to test support levels around $1,600. Source: Nebraskangooner Ethereum ETF demand returns Several data metrics suggest that Ether is well-positioned to break out toward $2,000 in the following days or weeks. One factor supporting Ether's bull case is resurgent institutional demand, reflected by significant inflows into spot Ethereum exchange-traded funds (ETFs). On April 28, Ethereum ETFs saw a net inflow totaling $64.1 million. This followed inflows totalling $151.7 million during the week ending April 25, the highest since February 2025. Spot Ethereum ETF netflows. Source: SoSoValue The increase in institutional demand was reinforced by net inflows of $183 million into Ethereum investment products last week, ending an eight-week streak of outflows, as reported by CoinShares. This trend reflects growing confidence among traditional finance players, as observed by market analysts like CoinShares' head of research, James Butterfill, who noted: “We believe concerns over the tariff impact on corporate earnings and the dramatic weakening of the US dollar are why investors have turned toward digital assets, which are being seen as an emerging safe haven.” Institutional buying creates sustained upward pressure on Ether’s price by absorbing the available supply. Strong Ethereum onchain activity is back Ethereum remains the undisputed top layer-1 blockchain with more than $51.8 billion in total value locked (TVL) on the network, according to data from DefiLlama. The chart below shows that Ethereum's TVL has increased by approximately 16% over the last seven days. Ethereum TVL and daily DEX volumes. Source: DefiLlama Aave was among the strongest performers in Ethereum deposits, with the TVL rising 13.5% over seven days. Other notable increases included Lido (12%), EigenLayer (13%), and Ether.fi (12%). Compared to other top-layer networks, the Ethereum network towers above its rivals in terms of TVL growth in the daily and weekly time frames, except SUI, which has seen a 47% increase in its TVL over the last seven days. Ethereum’s daily DEX volumes have increased by more than 30% over the last week, to $1.65 billion. However, this is significantly lower than the 78% and 44% increases on SUI and Solana, respectively. Related: Ethereum Foundation shuffles leadership, splits board and management ETH price bull flags targets $2,100 The ETH/USD pair has a good chance of resuming its upward momentum despite the rejection at $1,860, as the chart shows a classic bullish pattern. Ether’s price action over the past week has led to a bull flag pattern on the four-hour chart, as shown in the figure below. A four-hour candlestick close above the flag’s upper boundary at $1,800 on April 29 suggests the start of an upward move. The flagpole’s height sets the target, which projects Ether’s price ascent to $2,100 or approximately a 15% increase from the current price. ETH/USD 4-hour chart w/ bull flag pattern. Source: Cointelegraph/ TradingView Another bullish indicator is the relative strength index, which is moving within the positive region at 60, suggesting that the market conditions still favor the upside. As Cointelegraph reported , increased demand from the $1,700 area (at the 20-day SMA) should serve as a solid foundation for ETH price to reach the $2,110 level, eventually topping out at $2,500. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.