Coin Bitz: May 2025

Wednesday, May 28, 2025

Dogecoin’s $12 Target: A Historical Pattern Reemerges

Dogecoin has not reached its previous high of $0.74 in 2021 yet, but many people still believe it could hit $1 during this market cycle. That’s because they expect another strong rally in altcoins, like the one that happened in 2021. However, if Dogecoin follows the same pattern it did during the last two big bull runs, then $1 might just be the beginning; the price could go much higher.

Dogecoin Follows Familiar Pattern: History Repeating?

Crypto expert Trader Tradigrade has observed an early similar pattern on the Dogecoin price chart that could suggest a rapid upward trend is coming. This pattern looks like what happened during the last two bull markets, just before Dogecoin’s price took off.

As the chart shows, this pattern first appeared before the big price rally in 2017. It begins a few years earlier when Dogecoin’s price makes smaller highs and then drops to retest support. After that, the price stays steady for a while, and then the trend breaks and the price starts rising. During the 2017-2018 bull market, this led to Dogecoin jumping over 2,000%, going from less than $0.00018 to over $0.0075 in just a few months.

Then, in the 2020-2021 bull market, the same pattern showed up again just before the price went up. After a period of steady prices, Dogecoin’s price broke out and went way up even more than before. It rose by over 30,000%, going from less than $0.002 to more than $0.73 in a few months. That’s still the highest price Dogecoin has ever reached.

Dogecoin’s $12 Target: A Historical Pattern Reemerges 1

Once again, Dogecoin is showing a similar pattern, and it seems like it’s close to another big price jump. Based on past trends and the current steady rise, this breakout could give even bigger returns than before. However, the total value of Dogecoin might limit how high the price can actually go.

Still, if Dogecoin has a similar price surge like it did in 2017-2018, it could at least reach $4 from where it is now. But according to a crypto analyst’s chart, the price might go even higher, possibly over $10, and maybe up to $12.

However, because there are over 149 billion Dogecoins in circulation, it’s very unlikely that the price will reach $12 this cycle. If it did, Dogecoin’s total value (market cap) would be more than $1.7 trillion, which is higher than what even Ethereum, the second-biggest cryptocurrency, has ever reached.

Dogecoin’s $12 Target: A Historical Pattern Reemerges 2

Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.

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Where’s James Wynn Now? After the $87M Blow

Big-time trader James Wynn is making and losing millions where everyone can see, and it’s drawing a lot of attention to Hyperliquid.

It looks like the whole observation of the crypto community is on James Wynn, the whale trader, who is drawing a lot of attention on Hyperliquid (HYPE). After gaining around $90 million in unrealised profit, at present, Wynn is in the danger zone.

James Wynn is one of the few big traders showing his crypto wallet and often shares updates on X (formerly Twitter). In May, people noticed him when he bet $830 million that Bitcoin would go up. The next day, he added another $1.1 billion as Bitcoin’s price went over $111,000. At that point, he was up about $40 million but only on paper.

Wynn used 40x leverage, meaning he borrowed a lot to make a much bigger bet. If Bitcoin dropped to $107,975, he would lose everything he put in. At first, the trade made money, but after news came out about Trump’s tariff plan, Bitcoin’s price dropped, and the trade started losing money.

On May 25, Wynn made a new bet that Bitcoin’s price would go down, worth about $856 million, again using 40x leverage. He did this to try to balance out his earlier losses. But he only kept the trade open for 15 hours and ended up losing $15.5 million on it.

His last trade that made money was on May 24, when he earned $18.4 million, probably to help manage risk. After that, he continued holding over 5,000 Bitcoin in his long position.

His last profitable trade was on May 24, when he earned $18.4 million, likely as part of a risk-management move. After that, he kept over 5,000 BTC in the long.

Where’s James Wynn Now? After the $87M Blow 3

At the time of reporting, Wynn holds an open long position in Bitcoin worth 5,063.59 BTC. Even though that one trade made a small profit, the total unrealised gains and losses for the week in his wallet show a loss of $36.79 million.

Where’s James Wynn Now? After the $87M Blow 4

The Risk of Transparency: Never Show Your Positions

Wynn’s big trades were the largest on Hyperliquid and got more people interested in the platform and decentralised exchanges (DEXs). Some people like that he is open about his trades, but others still doubt him.

Many traders think it’s unlucky to show their trades to the public, especially when the trades are very big. It can cause extra stress and make it easier to make bad choices when the market changes. With Wynn, thousands of people are now watching his profits and losses drop live.

Wynn is also popular for an excellent trade on the meme coin Pepe (PEPE). In April 2023, he made a prediction on X that PEPE’s market cap would increase from $4 million to $4 billion, and it did.

According to Lookonchain, he made $25.3 million from PEPE trades on Hyperliquid.

James Wynn has also traded other assets with leverage, including Ethereum (ETH), Sui (SUI), and Fartcoin (FARTCOIN). At its all-time high, his wallet showed around $87 million in gain. That instant decline made some people in the crypto world make fun of the losses.

However, James Wynn is still active on social media. On May 27, he said that even though things went down recently, his whole wallet is still up by about $25 million.

Losses for Wynn, Profits for Hyperliquid

Trades as big as James Wynn’s don’t happen often on decentralised exchanges, which can have their own special risks. But Wynn has said many times that he supports Hyperliquid. In one post, he said he won’t move to regular (centralized) exchanges and also explained why he shares his trades openly.

His trading activity also climbed platform metrics. For example, he paid $1.5 million in fees just for his profitable Bitcoin trade on May 24.

Where’s James Wynn Now? After the $87M Blow 5

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Conor McGregor Discusses XRP’s Place in U.S. Strategic Reserves

At present, UFC legend Conor McGregor is showing interest in XRP; he is looking at more than just Bitcoin because the U.S. is thinking about using different kinds of digital money. McGregor, who supports the idea of a Bitcoin reserve, is now learning about how XRP, Cardano, and Solana work without central control, which is causing people in the crypto community to talk and argue.

McGregor’s New Focus: Learning About XRP

In a post on X (formerly Twitter), McGregor said he wants to learn more about XRP and other altcoins. He mentioned that he had been told only Bitcoin and Ethereum are fully decentralised, but the U.S. government’s decision to add XRP, Solana, and Cardano to its planned crypto reserve made him interested and want to learn more.

This happened after the U.S. started talking about creating a Strategic Bitcoin Reserve earlier this year. Now, some states like Texas and New Hampshire are doing the same. Other countries, like Ukraine and Ireland, might join in. McGregor has even planned a meeting with El Salvador’s President, Nayib Bukele, to talk about doing something similar in Ireland.

XRP Supporters Speak Out

However, XRP supporters were quick to defend how decentralised it is. Important people like XRPL validator Vet and Anodos Finance founder Panos Mekras said XRP is just as decentralised as Bitcoin and Ethereum. They mentioned recent updates to the XRP Ledger that make it more decentralised and useful. Some experts also pointed out that XRP was one of the first to use features like token burning and turning real-world assets into digital tokens

.Dom Kwok from EasyA explained to McGregor that Bitcoin is mainly used to hold and store value, like digital gold. But XRP, Solana, and Ethereum can do more and have practical uses. That’s why, he said, the U.S. government is interested in these other coins; they offer real-world benefits.

In reply, a crypto expert named J.L. disagreed with Vet. He said that saying the reserve will only have Bitcoin is wrong. He explained that the U.S. crypto reserve will also include ETH, XRP, SOL, and ADA, and it’s only beginning with Bitcoin. He also said people are ignoring the fact that it will be a big collection of crypto and pointed to a statement from the Treasury after the executive order as proof.

XRP ETF Expectations on the Rise

On the other hand, XRP is catching the eye of institutions. Assuming a spot, XRP ETF is rising, with odds at present standing at 83%, even though the SEC is delaying. McGregor’s interest in XRP is growing at a time when big governments and investors are rethinking which cryptocurrencies should be part of the future of digital money.

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Tuesday, May 27, 2025

Glassnode Data Uncovers the Hidden Forces Driving Crypto Price Pumps

Bitcoin is back in action; at present, it is trading at around $109K and reaching a $2.11 trillion market cap. What is causing these big price changes? A new report from Glassnode, a top blockchain data company, gives some answers. It shows that the two main types of buyers, people who believe in crypto for the long term and new investors, act very differently in the market.

Why Strong Believers Are Important During Big Market Changes

Glassnode’s newest study looks at how people buy and spend Bitcoin, Ethereum, and ERC-20 tokens. The data shows that strong believers and new buyers have very different roles.

Conviction buyers are people who believe in crypto for the long term. They don’t panic when prices go down. Glassnode shows these buyers usually come in when the market is at its lowest and fear is strongest. During good times, they buy when prices drop a little, helping to stop big drops and keeping the market steady.

But just believing strongly is not enough to make prices go up. You also need new buyers bringing fresh money.

New Buyers Driving Prices Up

Glassnode says that to have a big price increase, you need “First-Time Buyers.” These are people buying Bitcoin or Ethereum for the first time. When many new buyers join, they add new money to the market, which often makes prices go up quickly.

For example, from July to December 2024 and again from March to May 2025, Glassnode experienced a big climb in these new buyers. Both times, Bitcoin’s price rose fast after that. This shows how strong new buying can be.

The Market Is Still Driven by Emotions

Even though charts and data help, most traders make decisions based on their feelings. Many everyday traders follow fear, excitement, or what they see on social media. However, professional traders use these emotions to make smart moves for themselves.

That’s why Glassnode made a tool called the “FOMOmeter.” It shows when traders are feeling too excited or too scared.

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Altseason Signals Are Coming Together

Rekt Fencer’s idea, shared on May 27 on X, is based on a mix of big-picture and technical signs. The most important is the increase in stablecoins, which many see as money ready to be spent.

He also showed charts in his post that the stablecoin supply grew from about $50 billion in early 2021 to almost $250 billion by mid-2025. He said this shows more money is ready to be invested in riskier altcoins.

He thinks this is true because Bitcoin’s share of the market has dropped from 65.4% to 61.2% in the past few weeks. Also, Ethereum’s price compared to Bitcoin has gone up from a five-year low of 0.018 to 0.025, ending a three-year decline. This usually signals that altcoins might start to rise.

The changing flows advised investors are starting to shift into altcoins, and in this context, the market watcher highlighted five tokens he thinks could take the lead.

Top 5 Altcoins to Watch Right Now

Rekt Fencer’s initial selection was Grass (GRASS). At the time of reporting, it trades at $2.40; it has dropped 2.5% in the last 24 hours. However, the altcoin has surged around 12% in the last week and almost 50% in 30 days, as investors show confidence in decentralised infrastructure.

His second selection was Pendle (PENDLE), ranked #131 based on market cap. The altcoin gives investors a way to benefit from token-based future returns and is now priced at about $4.39. Its value has climbed more than 17% in the last seven days, adding a slight 0.4% in the last 24 hours.

Looking at the bigger picture, the past 12 months have not been great, as the data shows the price dropped by nearly 36%. However, PENDLE has done much better in the last 30 days, rising almost 30% thanks to the recent comeback of decentralised finance (DeFi).

Another DeFi darling on Rekt’s list is Ondo (ONDO). Trading at $0.9315 and with a $2.9 billion worth, it has observed consistent growth driven by increasing demand for real-world asset (RWA) tokenization. However, its recent price movement has not been impressive. The asset is down about 2% over the past 24 hours and the past week, and over the last 12 months, it has fallen by 24.5%.

Ethena (ENA) is currently priced at $0.37 with a market value of $2.1 billion. It provides a synthetic dollar that earns yield by using a strategy called delta-neutral with stETH. It’s the fourth token the analyst believes could lead the next altcoin rally. Although its price hasn’t changed much in the past week, some believe that if investors become more willing to take risks, the useful features of the project could boost its value.

Finally, Sei (SEI), the main token of the Sei Network, is the last one on Rekt Fencer’s list. Although it’s dropped more than 59% over the past year, it has gone up by 10.7% in the last month. The expert believes that because Sei is built for fast transactions and focuses on decentralised exchanges (DEXs), it might bounce back in the future.

Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing.

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Monday, May 26, 2025

BNB Looks to Regain Strength: Rally or Resistance?

BNB’s price is holding steady above the $665 support level. At present, the price is indicating positive signals and might target more profits in the short term.

Main Takeaways:-

BNB price is targeting to rebound from the $665 support level.
At present, the price is trading under $675 and the 100-hourly simple moving average.
On the hourly chart of BNB/USD (from Binance), the price moved above a downward trend line that was acting as resistance at $665.
The pair must remain above the $660 level to begin another surge in the short term.

BNB Aims for a Stable Price Rise

BNB price stayed steady above $652, then began to rise again. It went past the $655 and $665 resistance points, similar to what happened with Ethereum and Bitcoin.

The price moved up nicely past the 23.6% Fibonacci level, which is part of the recent drop from $691 down to $653. Also, on the hourly chart of BNB/USD, the price broke above a downward trend line that was acting as resistance at $665.

At present, the price is trading under $675 and the 100-hourly simple moving average. The price could experience resistance near the $672 level on the upward trend. It is near the 50% Fib retracement level of the current drop from the $691 fluctuating high to the $653 low.

BNB Looks to Regain Strength: Rally or Resistance? 1

The next resistance is around $677. If the price clearly goes above that level, it could rise even more. In that case, BNB might reach $680. If it stays above $680, it could continue moving up toward $685. If the price keeps climbing, it might even test the $700 level soon.

Another Decline?

If BNB can not rise above the $675 resistance, its price might start going down again. The first place it could find support is around $665. If it drops further, the next strong support is near $662.The main support stands at $665. If there is a downward trend under the $655 support, the price could decline toward the $650 support. Any more losses could start a bigger drop toward the $642 level.

Technical Indicators

Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is presently above the 50 level.

Hourly MACD (Moving Average Convergence Divergence) – The MACD for BNB/USD is increasing pace in the bullish zone.

• $662 and $655 – Major Support Levels

• $672 and $680 – Major Resistance Levels

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ETH Price Slips After Recent Rally – Where Could It Head Next?

Main Takeaways:-

Ethereum declined to $2,476 after being denied at $2.7K, pointing to a 3.05% 24-hour decline.
On the spot market, 113.1K ETH were sold while only 90K were bought. This shows that more people are selling than buying, which suggests stronger selling pressure.

Sellers Dominate as Taker Buy-Sell Ratio Drops Sharply

According to CryptoQuant, the 14-day Moving Average of the Taker Buy-Sell Ratio declined quickly. Generally, this change marked a growing strong selling pressure outweighing buying.

ETH Price Slips After Recent Rally – Where Could It Head Next? 1

Both small and big Ethereum holders are selling more now. Big holders, called whales, have sold more Ethereum than they have bought.

ETH Price Slips After Recent Rally – Where Could It Head Next? 2

Into TheBlock’s Large Holder Netflow number went negative, showing -12.7K ETH. This means big Ethereum holders (whales) sold more than 188.6K ETH in just one day.

With this metric declining to negative, it indicates that whales are presently in selling mode.

ETH Price Slips After Recent Rally – Where Could It Head Next? 3

This selling trend is also seen with regular traders, as more people are selling than buying in the spot market.

Looking at the spot market, there were 22.53k more Ethereum sold than bought on the last day.

A negative number means more people are selling than buying. Right now, 113.1k ETH were sold, but only 90k ETH were bought.

Crucial Test for ETH: Is a Drop Below $2.2K Coming?

Ethereum is trading around a breakdown zone as selling momentum stays firm.

At present, Bears dominate the market, raising the risk of further price drops. If the selling pressure remains, Ethereum could experience an extended downturn, with $2.2K as a key support level. Maintaining above $2.2K is critical to avoid a decline under $ 2 K.

If most of the selling is done by short-term traders who quickly give up, it might mean the price is just taking a break before going up strongly again.

If selling slows down, Ethereum’s price could rise back to $2.7K and maybe even $3K, but buyers need to start strong again for that to happen.

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What Could Move Crypto This Week? 5 Key Drivers

U.S. financial markets are closed on Monday for Memorial Day, but a lot of important economic information will be released throughout the rest of the week.

Trade war worries came back to the markets late last week after Donald Trump made new threats against phone companies and the European Union. Because of this, tech stocks and crypto markets dropped, even though Bitcoin had hit a record high the week before.

On Sunday, Trump decided to postpone 50% EU tariffs until July 9, providing brief relief from tensions.

Economic Events May 26 to 30

Tuesday will experience consumer confidence numbers shared, which indicates sentiment and consumer purchasing capacity.

The Federal Reserve will share the notes from its May meeting on Wednesday. These notes might explain more about when the bank could lower interest rates. No big surprises are expected, but investors are guessing if rate cuts will happen in the second half of 2025.

On Thursday, the report for how much the economy grew in the first three months of 2025 will be released. An early estimate showed the economy actually got smaller by 0.3% during that time.

On Friday, the report for April’s Core Personal Consumption Expenditures (PCE) will come out. It shows inflation based on what people spend but doesn’t include food and energy prices. The Federal Reserve uses this report to understand inflation.

The first numbers for May’s Michigan Consumer Sentiment Index and Inflation Expectations will come out on Friday. These show how confident people feel and what they expect for inflation in the future.

It is also a big earnings week with attention on Nvidia, which reports on Wednesday, and strong figures from the chipmaker could impact AI token prices.

Weekly Crypto Market Outlook: Movers and Shakers

Crypto markets have increased during Monday morning’s trading session in Asia following Trump’s extensions of the tariff implementation for Europe.

The overall capitalisation was $3.56 trillion, which has stayed within a sideways range that started two weeks ago when Bitcoin started to rise.

BTC has slowed down from its May 22 all-time high of $111,814 and dropped to $107,000 on Sunday before showing a small rebound. The asset had bounced back to reach $109,000 on Monday morning.

Ethereum dropped under $2,500 on Sunday and is showing a little bit of improvement above it right now. However, the asset’s price changes have been much smaller compared to BTC.

Most altcoins went up on Monday morning. Solana and Cardano had a little bigger increase, and Hyperliquid went up by more than 14% that day.

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Friday, May 23, 2025

Psy Develops First Trustless Bridge from Dogecoin to Solana

Hong Kong, China, May 22nd, 2025, Chainwire

Solana users will be able to transact with Dogecoin securely, powered by Psy and Wormhole, tapping into a $36B asset and its vast community for DeFi, gaming & more.

Psy (formerly QED Protocol) has developed a trustless bridge connecting Dogecoin to the Solana blockchain. This innovation brings proof-of-work security to Solana while making Dogecoin, the world’s largest memecoin, available to Solana’s ecosystem of dapps.

This innovation allows Solana and Dogecoin to directly ‘speak’ to each other, with each blockchain able to independently verify the other’s transactions and consensus without requiring trust in third parties.

The bridge not only enhances security but also creates substantial ecosystem opportunities. Bringing Dogecoin’s $36B+ market cap and massive community to Solana opens new possibilities for both networks. Dogecoin users gain access to Solana’s DeFi, NFT, and gaming applications, while Solana developers can tap into Dogecoin’s extensive user base.

Unlike traditional bridges, which often rely on multisig signers or custodians, Psy’s next-generation proof-of-work technology validates Dogecoin Proof of Work consensus directly on Solana. This trust-minimized approach helps address a major weakness in crypto infrastructure: bridge hacks, which have caused more than $2.8 billion in losses to date.

This positions Psy as the leading proof-of-work innovator for Solana, bridging the security benefits of proof-of-work with Solana’s speed and programmability. This integration demonstrates that new proof-of-work chains, like Psy’s, can interact with high-performance blockchains without sacrificing security or requiring centralized intermediaries.

This bridge continues Psy Protocol’s mission to empower developers to build hyper-scalable web3 applications to host the next generation of the decentralized internet.

The bridge supports standard Dogecoin wallets and exchange deposits.

Quotes

“We have been working hard to find ways to better serve the Doge community, and now we get the chance to offer them even greater utility for their Dogecoin,” Carter Feldman, CEO of Psy Protocol, said. “This demonstrates the promise of combining best-in-class security with user demand and an established developer base.”

“We’re thrilled to announce the DOGE bridge to Solana, a big step in welcoming one of crypto’s most iconic communities to the Solana ecosystem,” said Lily Liu, President of the Solana Foundation. “DOGE, Bitcoin’s beloved pet, embodies the fun, irreverent spirit that drives on-chain culture. By bridging DOGE into Solana’s network, we’re inviting the Dogecoin community—and all OG crypto enthusiasts—to join us in marrying on-chain culture and decentralized finance.”

“Trustless verification has always been the holy grail of interoperability, but achieving it at scale has remained elusive,” said Robinson Burkey, co-founder of Wormhole. “Seeing Psy and Wormhole come together to build this around an asset like DOGE captures the true cyberpunk spirit of crypto. We’re excited to help bring a $36B asset to Solana—soon to be powered by Wormhole.”

How the Bridge Works

The bridge captures and verifies each Dogecoin block header on Solana. Block headers contain essential blockchain data, including the previous block hash, timestamp, difficulty target, the Merkle root of all transactions in the block, and the Proof of Work consensus algorithm. By verifying these headers directly on Solana, the system cryptographically confirms the validity of Dogecoin transactions without intermediaries.

When users send DOGE to the bridge, the system verifies the deposit on the Dogecoin blockchain and mints an equivalent amount of QDOGE tokens on Solana. To convert back, QDOGE tokens are burned on Solana, with withdrawal messages securely transmitted through Wormhole’s cross-chain messaging protocol, triggering the release of the original DOGE to the user’s Dogecoin address.

To enable this bridge, Psy has created a suite of infrastructure for developers:

txindex: a fully-featured indexer for Dogecoin with effortless handling of forking behavior
electrs-doge: the first open-source block explorer for Dogecoin
doge-sdk: the first JavaScript SDK for Dogecoin
forkr: an easy-to-use tool for simulating forks/re-orgs on Bitcoin and Dogecoin.

About Psy Protocol

Psy is the leading innovator in next-generation proof-of-work technology, on a mission to restore the security and decentralization principles of blockchain while enabling modern scalability. Psy is bridging the utility gap between Proof of Work and Proof of Stake chains, empowering developers to build hyper-scalable web3 applications, to provide a credible alternative to a centralized internet controlled by a handful of tech monopolies.

Contact

Mr
Josh Adams
Serotonin
josh@serotonin.co

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Bybit’s Shunyet on Bitcoin’s ATH: ‘$125K Is Within Reach’ in Q2

Dubai, United Arab Emirates, May 23rd, 2025, Chainwire

Bybit, the world’s second-largest crypto exchange by trading volume, today shared insights from its Head of Derivatives, Shunyet Jan, following Bitcoin’s surge to a new all-time high. Shunyet attributes the historic rally to a powerful alignment of market catalysts and macroeconomic shifts, and projects continued upside if current conditions hold.

“Bitcoin’s climb to this all-time high underscores a transformative moment in the evolution of global finance,” said Shunyet. “We’re seeing a unique convergence of factors—regulatory clarity, institutional inflows, and macroeconomic shifts—that are accelerating mainstream adoption.”

Shunyet identifies three core drivers behind Bitcoin’s rally:

Regulatory Clarity on Stablecoins:

“The emergence of comprehensive legislation—such as the GENIUS Act—is establishing clearer guardrails for stablecoins. This fosters greater institutional confidence and reinforces the foundational infrastructure needed for broader crypto adoption.”

Sustained Spot ETF Inflows:

“Robust and consistent capital inflows into spot Bitcoin ETFs signal that institutional investors are embracing Bitcoin as a legitimate asset class. These vehicles offer regulated access points, unlocking new sources of liquidity and long-term demand.”

Weaker US Dollar and Inverse Correlation:

“Bitcoin’s global nature makes it particularly responsive to macro trends. With the US dollar weakening, Bitcoin has benefited as an alternative store of value, further cementing its role as digital gold.”

While Bitcoin leads the current rally, Shunyet notes a measured outlook for the broader crypto market: “Ethereum and other large-cap digital assets are likely to benefit from Bitcoin’s momentum,” Shunyet added. “However, high interest rates and lingering macroeconomic uncertainty may limit upside potential for smaller altcoins in the near term.”

Looking ahead, Shunyet offered a bold projection:

“If current trends continue, our analysis suggests Bitcoin could reach $125,000 by the end of Q2. We remain bullish on Bitcoin’s role in shaping the future of finance.”

Bybit continues to provide a trusted, high-performance platform for both retail and institutional participants, enabling access to cutting-edge trading tools and a deep, liquid market.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Contact

Head of PR
Tony Au
Bybit
tony.au@bybit.com

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Saturday, May 17, 2025

Solana Eyes $200, But Market Sentiment Remains Mixed

Main Takeaways:-

Solana is showing a “cup-and-handle” chart pattern, which often suggests a possible price increase. At the same time, most traders on Binance are betting that the price will go up.
Feelings and online activity around Solana are still low, showing that people are being careful, even though the charts suggest the price might go up.

Solana (SOL) is creating a textbook cup-and-handle pattern in the weekly chart. At present, the price is testing the neckline resistance between $200 and $210 following a rebound from $135.

At the time of reporting, SOL traded at $170.20, pointing to a 1.57% decline in the past 24 hours. Even though the price dropped a little, the chart pattern stayed strong, and buyers are still trying to push the price above the downward trendline.

So, if the price clearly moves above $200, it could lead to a strong upward move and confirm that the trend is turning bullish.

Solana Eyes $200, But Market Sentiment Remains Mixed 1

Neutral Trading Activity Edges Toward Outflows

Exchange flow data from the 16th of May indicates $148.49M in inflows and $149.55M in outflows. This small difference between the two metrics indicates that selling pressure is still down.

So, most investors seemed to be keeping their investments instead of selling them.

This kind of behaviour usually helps support a price increase, especially when the price is close to a key barrier. But since there aren’t many people pulling their money out, it shows that confidence is still low.

As a result, Solana may need stronger assumption signals to support a breakout over the psychological $200 level.

Solana Eyes $200, But Market Sentiment Remains Mixed 2

Dominant Long Bias Highlights Bullish Trader Sentiment

Binance data indicates that 70.53% of traders currently hold long positions at the reporting time, with a Long/Short Ratio of 2.39. This big difference shows that people expect the price to go up even more.

That kind of positioning can help prices rise quickly when they break out. But it also means the market could suddenly drop if prices go the other way, causing many investors to be forced to sell.

Even though there’s a risk, the fact that most traders are betting on prices going up shows they are confident. So, if the price goes above $200, it could rise even faster because more investors might jump in, and those betting against it may be forced to buy, pushing the price up more.

Solana Eyes $200, But Market Sentiment Remains Mixed 3

But people’s overall feelings about Solana are still slightly negative, with a sentiment score of -0.46. This means most traders are still being careful. Even though the price chart looks strong, most people have not started feeling positive yet.

In the past, price increases that started when most people were feeling negative often continued for a longer time.

Retail backs down?

Interest in social media has gone down, and fewer people are interacting. Trading volume was 162, and its share of the market fell to 3.74%.

These figures indicated that Solana was no longer the centre of focus of retail interest. Yet, this lack of attention could work to its benefit.

Price usually goes up when there is little confusion or distraction. But since not many people are interested right now, the big price jump might take longer. If more people start talking about it on social media, that would show stronger belief, but for now, interest is low.

Solana Eyes $200, But Market Sentiment Remains Mixed 4

In the end, SOL looks like it has a good chance to go up because of a clear chart pattern called a cup-and-handle, and many traders are betting on the price going higher.

Yet, broader market actions still mixed, with lower sofeelingslume and small negative feelings indicating low broad support.

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After the Climb: What’s Next for Dogecoin at $0.22?

Dogecoin (DOGE) has maintained consistent momentum in the current weeks, which is in line with the broader surge across the cryptocurrency market. In the last two weeks, DOGE has increased by more than 25%, boosting its price as high as $0.24.

Although growth has occurred, the asset faced a minor dip in the last 24 hours, dropping by 0.3% to $0.22 at the time of reporting. The recent changes show that more people, especially everyday investors, are getting interested in the asset again.

What Retail Traders Are Saying About Dogecoin

Burak Kesmeci, who writes for CryptoQuant, currently shared new information about Dogecoin’s futures trading. In a post called “Too Many Retail Traders? DOGE Futures Show Repeated Peak Patterns,” he talked about how a lot of traders might be trading based on guesses and speculation.

His analysis indicates that the last highs of Dogecoin’s price have often coincided with a quick surge in individual investor involvement in futures markets, highlighting concerns about the durability of the rallies.

Kesmeci’s analysis focuses on a chart that shows how much retail investors are trading Dogecoin futures. In the chart, red bubbles show times when retail trading suddenly increases a lot.

After the Climb: What’s Next for Dogecoin at $0.22? 5

According to the expert, these times usually happen right before prices reach a local high, meaning lots of guessing and trading often come before short-term price drops. On the other hand, green and pink bubbles show times when fewer retail traders are active, and those times usually match with steadier or calmer price movements.

The main idea is that when many retail traders are active in Dogecoin futures, the price momentum is more likely to slow down or stop. For traders, these big increases in retail trading can be a warning that the price might change direction soon.

As Kesmeci mentioned, this data can be used together with other technical and on-chain metrics to create a more thorough analysis of market mood, generally in unstable assets like Dogecoin. The report supports a more careful strategy where retail investor excitement drives trading volumes.

Technical Indicators Suggest Rally Could Persist

While futures data shows caution around likely retail-driven tops, other technical perspectives advise the chance of additional gains. Crypto expert Javon Marks currently shared an outlook showing that DOGE may be set for a continuation toward a new all-time high.

Marks says the asset’s chart shows a strong buy signal, meaning the price might keep going up. He thinks the next big price goal is about 200% higher than where it is now.

After the Climb: What’s Next for Dogecoin at $0.22? 6

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Thursday, May 15, 2025

XRP vs HBAR: Who Will Lead the Next Crypto Bull Run 2025?

At present, we observe the two top Made in the US projects. Ripple (XRP) and Hedera Hashgraph (HBAR). So, which one will do better for the rest of 2025? Which one would you choose? Let’s find out which one we picked.

Current Trends

If we put them next to each other, Ripple and Hedera, then we should first observe how they have done recently. To do this, we’ll look at two time periods. First, we’ll check how they did over the past year. Then, we’ll see how much they’ve gone up or down in 2025 so far. After that, we’ll compare the results.

XRP

Ripple’s $XRP has had a massive increase in the last 12 months. It’s risen by a massive 401% in that time. Out of the top 300 coins, $XRP is the 8th best performer in the last year. It did better than Sui, Monero, and even Bitcoin, which went up 65% over the past year. The only non-meme coin that did better is Virtuals Protocol.

And we observe in the chart that the surge begins in mid to late November. This lines up with Trump clearly winning the election. That also means it’s likely the next SEC will settle the XRP case and be easier to work with. And yes, both of those things are true. The growing certainty about $XRP’s future because of the expected settlement has been a big boost for the XRP community.

Returns in the past 5 months are better but more limited. Like I mentioned, the big jump started in November. On January 1, $XRP was priced at $2.32. Today, it’s at $2.54, that’s a return of 8.6%. That’s still a solid gain, especially in a market that’s been all over the place, with things like Trump’s tariff policies causing chaos. So $XRP has returned 450% over the past year and 8.6% so far in 2025. Now let’s look at Hedera.

HBAR

Let’s observe how Hedera (HBAR) did. We know it did not do great over the past year, but how well did it actually do? Hedera’s $HBAR had a pretty strong 91% return in the last 12 months. The biggest jump happened from mid to late November and continued into mid-December. Since then, $HBAR has not really followed a clear trend. It’s been moving between 15 cents and a recent high of 37 cents. That’s a big range, but the price has not been going in one clear direction. The strong support level just under 15 cents held firm, and since then, $HBAR has been slowly and steadily climbing.

For 2025 so far, on January 1st, the $HBAR price was 29.4c. Right now, the price is 21 cents, which means it’s dropped almost 30%. So $HBAR’s returns are 91% over the last year and -30% so far in 2025. That might seem like a win for Ripple, but is it really? Let’s find out.

Recent Updates and What’s Next

On the XRP front, current news is mainly focused on acquisitions. First, it’s a big acquisition of Hidden Road. This lets them use a top global broker to handle big trades for institutions.

The second point is Ripple’s offer to buy Circle, the company behind USDC, which wasn’t accepted. Some people, like the XRP community, say this is to take over the stablecoin market. Others say it’s because Ripple’s own stablecoin, RLUSD, isn’t doing well. It might do better in the future, but right now it has less than 50 users a day and fewer than 100 transactions daily. It’s not doing well. Ripple needs a strong stablecoin to help with its digital currency projects for governments in developing countries.

On the Hedera side, they are focusing on real-world assets (RWA) with a new private chain that lets regulated assets list following the rules. It will work well with stablecoins and digital currencies like CBDCs. The full launch is planned for next quarter.

Tokenomics

Surprisingly, even though Chris Larsen and other Ripple insiders keep selling $XRP to regular investors, Ripple still owns a large amount of it. And after all these years, only 58.5 billion out of the nearly 100 billion $XRP are in circulation, that’s just 59%. This number should be a lot higher by now.

On the other hand, Hedera has its holders describing it this way. It has a complete 84% of its 50 billion total tokens currently in circulation. This is the kind of thing we expect from two projects that have been around for a long time.

Hedera has a pre-planned token release plan, so holders know what to expect. Its Governing Council, which controls all the validators as well, controls the emission schedule.

Like $XRP with its past of selling large amounts to regular investors, $HBAR’s main complaint is that it’s a restricted network overseen by validators with permission and not an open, permissionless chain.

So, even though both projects are strong, you still have to choose which one you prefer.

Conclusion

So, who do we think will do better in the second half of 2025? I believe that without a big new partnership or a major government client, Ripple has probably already gotten most of the benefits from the SEC settlement for $XRP. Both Hedera and Ripple work with governments and on digital currencies, and they even do some of this work together. So, I don’t think either one has a big advantage over the other.

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The Wait Is Over: Pi Network’s Big News Isn’t a Binance Listing

Main Takeaways:-

The creators of the much-discussed project released an intriguing clue last week about an upcoming declaration, which may be suspected to be a PI listing on Binance.
That was not the case. On the other hand, the creators declared a $100 million campaign to support new businesses, but the native token’s price quickly fell right after the recent excitement and fast increase.

Unveiling the Big Announcement

On May 8, the official X channel beyond the project with above 4.3 million followers said big news for the whole ecosystem would happen on May 14. Even though no extra details were given, people in the community began guessing what it might be. One popular guess was a Binance listing because some members said Binance had tested PI deposits and withdrawals behind the scenes.

But the listing on the world’s biggest crypto exchange will have to wait. Yesterday’s announcement was not about trading platforms. Instead, the team said they are starting Pi Network Ventures, a $100 million project in PI and USD to invest in startups and businesses that help make PI more useful and used by real people.

The comments under the post were mixed, as always. Some said it was a ‘big deal’ for the whole PI community, while others said it’s just another announcement about plans, not about what they’ve already done or are doing.

PI Dumps

The marketing after the first post from the past week generated substantial returns for the project’s native token. It almost increased threefold within less than a week, going from $0.6 to above $1.7. Yet, this publicity-driven strong rise suddenly stopped and started falling under $0.9 as of now.

This looks like a typical ‘buy the rumour, sell the news’ situation, where the price goes up before the official news, but drops afterwards. PI has fallen 28% in the last 24 hours and lost 50% of its value since its recent high just a few days ago.

The Wait Is Over: Pi Network’s Big News Isn’t a Binance Listing 1

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Wednesday, May 14, 2025

Market Cheers as Ether Hits $2.7K Mark, Dogecoin Rockets 9%

Main Takeaways:-

Ether and Dogecoin recorded the highest increase with a 9% surge, maintaining positive momentum from the past week.
The wider cryptocurrency market observed a 1.7% surge in total capitalisation, with Bitcoin trading near $103,000.
Although strong growth, traders are careful because of a stronger dollar and trade tensions, which could result in short-term cashing out.

Ethereum traded over $2,600, with Dogecoin near 24 cents. XRP, BNB Chain’s BNB, Cardano’s ADA and Solana’s SOL surged between 3%-5%.

Even though many major altcoins are seeing gains, crypto traders are becoming more cautious due to the larger financial markets and are warning that people may sell for profits in the short term. A stronger dollar and new trade issues are slowing down the market’s growth, even though Bitcoin is close to hitting record highs.

“The stronger dollar, caused by news of tariffs, has naturally slowed down cryptocurrencies,” said Alex Kuptsikevich, a chief market expert at FxPro, in an email to CoinDesk. “This is even more true because Bitcoin is close to its highest value, making people more likely to sell for quick profits after a strong rise in just over a month.”

As global markets move from being overly cautious to feeling cautiously hopeful, Bitcoin stays up in the air. The asset is once again caught between different stories or views for some traders.

“Bitcoin is still struggling between being seen as ‘digital gold’ and a risky investment,” said traders from QCP Capital in Singapore. “This confusion makes it hard to predict its direction. As the global situation shifts from focusing on protectionism to more positive trade expectations, Bitcoin might continue to move within a certain price range.”

However, the mood remains optimistic. The widely observed worry & investor sentiment index has remained consistently above 70 for four straight days, a “greed” level usually linked to a strong desire for buying in the market in the short term.

“Bitcoin revealed its erratic behaviour on Monday,” Kuptsikevich added. “But with the positive sentiment continuing, its value is giving attention to the price movement close to $105. Will we observe a boost or a fresh decrease? The answer will influence what happens in the next few days.

In other places, the latest asset flow report from CoinShares reflects $882 million in institutional capital movement, the third back-to-back week of robust buying.

BTC started with $867 million, while ETH observed just above $1.8 million inflows, even with an outstanding performance in the past week. Significantly, Solana (SOL) reported $3.4 million in outflows, even as trades bought heavily into $200 call options ending in late June, as reported.

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SOL Consolidates Near Key Level – Price Prediction Inside

Solana (SOL) continues to trade with strong positive momentum, with the regular pattern indicating a clear series of higher highs and higher lows. Buyers have sustained the push, and price action is once again nearing a key resistance level near $184.49. This level has served as resistance in recent trading, and traders will be monitoring closely to observe whether SOL can break through or experience another decline.

The 9-day and 20-day moving averages both show upward momentum, reflecting that the short to medium-term trend continues to show strong bullish momentum. Solana is steadily trading above both of these EMAs, indicating continued market support from buyers.

When a cryptocurrency’s price stays above both moving averages for several days, it usually shows that buyers are in control. These averages can also act as support if the price drops, with the 9 EMA providing short-term support and the 20 EMA offering stronger support if the price falls more.

SOL Consolidates Near Key Level – Price Prediction Inside 1

MACD and RSI Signal Ongoing Bullish Momentum

The MACD histogram has persisted in expanding positively, indicating that the bullish trend is strengthening. The increasing size of the histogram bars shows that buying pressure is growing, not fading. As long as this indicator stays above zero and keeps moving away from the signal line, the easiest direction for the price is upward.

The RSI has been in the overbought range but has not shown any signs of a price drop yet. While overbought levels can lead to corrections, they also show that the asset is in high demand. Traders should be ready for short-term dips but should not expect a full trend reversal unless other indicators start showing bigger changes.

Important Solana Price Levels: Key Resistance and Support to Monitor

Quick resistance stands at $184.49, followed by a secondary level at $186.70. If the price breaks above these levels, especially with strong trading volume, it could lead to more gains and push Solana even higher.

On the downside, starting support stands at $180.52. A break under that level could cause a deeper pullback toward $171.85 or even $169.82, both of which are consistent with previous areas of range-bound trading.

A breakout and regular close above $184.49 may offer a strong long entry, notably with increased trading volume. Traders could observe to aim for $186.70 and beyond, with stop-loss orders set just below $180.52 to prevent losses if the breakout fails.

Yet, if the Solana price fails to surpass $184.49 and creates a downward reversal pattern, a short trade aiming at the $171–$169 zone could be viewed. However, this setup would demand validation through rejection trends and a break under $180.52 to surge confirmation.

Conclusion

Solana is indicating strong signals of positive momentum, but at present, it is heading towards a critical level. Traders should watch for confirmation before starting fresh trades, as the next step could either prove the price is breaking out or cause a normal pullback. With indicators showing bullish bias, the buyers have the upper hand, but remain alert around key resistance zones.

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Tuesday, May 13, 2025

DoubleUp : A new generation of GambleFi

San Jose, Costa Rica, May 13th, 2025, Chainwire

DoubleUp is a blockchain-based casino platform operating on the Sui network, designed to integrate gaming with decentralized finance (DeFi) elements. It offers users a combination of real-time betting features and on-chain transparency, aiming to provide a novel framework for digital gambling within the Web3 space. The platform incorporates what it terms a “GambleFi” model, positioning itself at the intersection of gaming and decentralized finance by introducing mechanisms for both active participation and passive engagement through its DeFi infrastructure.

Founded by HealthyDegen a visionary Web3 builder and former Mysten Labs developer, DoubleUp was designed for the bold, by the bold. The goal is simple: bring the excitement of a real casino into the decentralized world, while rewarding users not just for gambling, but for participating in a growing, gamified economy. From Day 1, DoubleUp has put community, creativity, and crypto utility at the center of its roadmap.

At its core, DoubleUp is a decentralized casino offering a wide range of games—from the classic’s like coinflip, roulette, and slots, to high-stakes raffles and Million dollar lottery. But what sets DoubleUp apart is how they’ve gamified not just the casino, but the very foundation of rewarding it’s players and DeFi participation.

DoubleUp operates as a community-oriented platform, incorporating a reward system designed to engage participants beyond traditional casino gameplay. The platform includes features such as raffles, lotteries, referral programs, and leaderboard-based incentives, allowing users to receive rewards through active participation. A notable component of the ecosystem is the DoubleUp Citizen NFT, which enables holders to access exclusive benefits. On May 10, 2025, DoubleUp conducted an airdrop distributing over $100,000 in free spins to Citizen NFT holders as part of a community rewards initiative. In conjunction with the launch of the $UP token, the platform also introduced a $100,000 monthly contest. Through these mechanisms, DoubleUp aims to incentivize a range of user activities including holding, playing, and staking.

DoubleUp : A new generation of GambleFi 1 DoubleUp’s DeFi component, Unihouse, introduces a betting-linked yield mechanism that integrates with the broader platform. Unlike conventional staking or liquidity farming protocols, Unihouse allows users to deposit supported tokens and earn returns that correlate with platform betting volume and house edge outcomes. The model is structured so that platform betting activity can influence the yield distributed to token stakers, enabling a reciprocal dynamic between active bettors and passive participants. This approach also enables the use of tokens that may not otherwise offer native staking functionality within other protocols.

DoubleUp : A new generation of GambleFi 2 And now, the moment that pushed DoubleUp into the spotlight—the stealth token launch of $UP.

On May 11th, 2025, DoubleUp launched the $UP token completely unannounced, dropping it straight onto the market at a fully diluted valuation (FDV) of $40 million. No pre-hype. No upper-hands. Just pure GambleFi energy. Within 24 hours of launch, $UP surged in both volume and visibility, sitting at a $53M FDV at the time of this writing. Early believers were rewarded, and a new chapter for DoubleUp officially began.

The $UP token serves multiple roles within the DoubleUp ecosystem, including facilitating lottery ticket purchases, distributing gameplay rewards, and enhancing yield mechanisms within Unihouse. Holding $UP provides users with access to core utility features across the platform.

DoubleUp has raised $4 million in a Seed funding round at a $40 million valuation. The round was led by Karatage, with participation from Mysten Labs, Selini Capital, EBlock Capital, Comma3 Ventures, Alpha DAO, and Auros. These participants represent a range of experience across venture capital, blockchain technology, and online gaming sectors. The funding will be allocated toward infrastructure development, the launch of additional betting products, and international expansion efforts.

DoubleUp : A new generation of GambleFi 3 DoubleUp plans to expand its offerings to include sports betting, poker, and time-limited campaigns with defined prize pools. These additions are designed to broaden the platform’s appeal across various user profiles, including active bettors, strategy-focused participants, and passive token holders.

The platform operates without mandatory Know Your Customer (KYC) requirements, offering users open access to its features and reward systems. With its continued development, DoubleUp positions itself within the emerging category of GambleFi platforms that combine decentralized financial tools with blockchain-based gaming experiences.

About DoubleUp

DoubleUp is a next-generation decentralized casino redefining how users interact with crypto through high-stakes gaming and DeFi innovation. Founded by a team of seasoned engineers, DoubleUp was built with one core belief: crypto should be thrilling, rewarding, and community-driven.

Contact

Business Development
telegram @MikeCantMiss
DoubleUp
DoubleUpFun@proton.me

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Monday, May 12, 2025

Ethereum Jumps 42%, Surpasses Coca-Cola and Alibaba

Ether’s market value increased by 42%, overtaking Coca-Cola and Alibaba after Ethereum applied the Pectra upgrade, enhancing layer-2 scaling and verified features.

Ether’s market value increased 42% in five days because of the triumphant debut of Ethereum’s Pectra upgrade on its mainnet.

In May 12, the company data observer 8 market cap indicates Ether exceeds Coca-Cola and Alibaba, ranking as the world’s 39th-largest asset around $2,550 at the reporting time, with a market value of surpassing $308 billion.

In contrast, Coca-Cola stock trades at about $70, with a market value of $303.5 billion. Alibaba stock trades at about $125, with a market value of $303.7 billion.

ETH’s recent price rise happened shortly after a network upgrade that made it easier to store data from layer-2 solutions and improved the experience for validators and users of smart wallets.

Ethereum Jumps 42%, Surpasses Coca-Cola and Alibaba 1

Ethereum Launches Pectra Upgrade on Mainnet

Initially planned for March 2025, Pectra experienced setbacks after technical problems occurred during testing.

On February 24, the upgrade was launched on Ethereum’s Holesky testnet. After the launch, the upgrade did not finalise properly, so developers looked into the problem and worked on fixing it. On March 5, the Pectra upgrade was introduced to the Sepolia testnet, but developers faced errors that were made worse by an attacker who caused empty blocks to be mined.

To get ready for the upgrade, Ethereum developers created a new test network called ‘Hoodi’ before launching the upgrade on the main network on May 7.

With the upgrade, regular accounts (EOAs) can now act like smart contracts, allowing them to pay for gas fees and make payments using tokens other than ETH. Also, the amount of ETH required for validator staking was raised from 32 ETH to 2,048 ETH, making it easier for large stakers. The upgrade also increased the number of data blobs per block, improving scalability for layer-2 networks.

According to the reports of CoinGecko, after the upgrade, ETH’s price has increased. On May 7, at present Ether trades at around $1,786. On May 12, Ether reached as high as $2,550, expressing a 42% surge in value.

Ethereum Jumps 42%, Surpasses Coca-Cola and Alibaba 2

Security Risks Highlighted Post-Pectra Upgrade

Remain, the upgrade opened up security gaps. Post upgrade, cybersecurity analysts have warned that attackers might take advantage of a new payment type to manage EOAs without users signing on-chain payments.

Solidity smart contract auditor Arda Usman had earlier warned Cointelegraph that these weaknesses could let attackers steal funds using off-chain signed messages.

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Expert Outlook Turns Bullish with Bitcoin Nearing $104K

Main Takeaways:-

Bitcoin continued its upward trend by trading near the $104,000 mark on Sunday night.
Experts said that Bitcoin could achieve a new all-time peak shortly, based on ongoing macroeconomic trends.

The world’s biggest cryptocurrency showed little change in the last 24 hours, dropping 0.12% at 103,926, according to The Block’s Bitcoin price page. At the beginning of the day, Bitcoin saw a temporary uptick above the $105,000 level.

Bitcoin is presently trading about 4.5% below its January all-time peak of $108,786.

Kronos Research CIO Vincent Liu said that, “Bitcoin remains near all-time highs, driven by bullish technical signals trading above its 50 and 200-day moving averages. “More big investors are getting involved, and the positive outlook for 2025 suggests Bitcoin could reach a new all-time high.”

On the other hand, bitcoin’s relative strength index (RSI) shows that cryptocurrency is at excessively high levels, experts noted.

This does not mean a change is happening right away, but it does make it more likely that Bitcoin will slow down or move sideways for a while,” said BTC Markets Expert Rachael Lucas. “Testing and staying above the important $100,000 level would be a good sign and could set the stage for more growth.

The ongoing rise of Bitcoin was mostly fueled by news from outside the market, especially positive updates about the U.S.-China talks, according to analysts. Concerns about a long trade war due to high U.S. tariffs were a key reason for stopping Bitcoin’s last big price surge.

Trade talks between the two important economies culminated successfully in Switzerland on Sunday, where Chinese officials said both sides have hit an “important consensus,” Reuters reported.

On Monday, U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are ready to declare the details of “substantial progress” made during talks with China, according to the report.

“The present rally across the crypto market is driven by renewed optimism over U.S.-China trade negotiations,” Presto Research Analyst Min Jung said, “We are observing a typical shift as Bitcoin’s dominance hits levels last seen before the 2021 boom, and money is starting to move into altcoins.”

The Presto expert added that bitcoin’s chances of breaking its previously all-time high record, based on how the trade talks evolved, with other growing geopolitical problems still a key variable.

Besides the overall economy, steady investments into spot Bitcoin ETFs and big companies like Strategy buying more Bitcoin are key to keeping the price rising, said Liu from Kronos.

“As macro events like the upcoming U.S. CPI on May 13 loom, investors need to stay alert, be smart with their risks, and use different strategies to handle this unpredictable market,” Liu added.

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Sunday, May 11, 2025

Bitcoin Surges as Trump Hints at Major Deal with China

Main Takeaways:-

At present, Bitcoin is trading only 4% below its all-time high, lifted by encouraging U.S.-China trade discussions.
US-listed Bitcoin ETFS reached above $1 billion in inflows, with BlackRock’s asset continuing a 19-day streak of wins.

According to the reports of TradingView, it shows that Bitcoin rose to a high of $104,900 on Saturday evening, only about 4% below its highest ever value, after President Donald Trump said US-China talks had made big steps forward in a meeting in Switzerland.

Bitcoin Surges as Trump Hints at Major Deal with China 1

In an announcement on Truth Social, Trump said that the talks were productive and cordial, explaining the outcome as a fresh start. He said they agreed to completely restart their relationship and try again to open Chinese markets to American businesses.

Markets saw the statement as a good sign that global tensions were easing, which helped push Bitcoin even higher, adding to the strong rise earlier in the week from big-picture and institutional support.

Bitcoin’s Latest Jump Boosted by Fed’s Flexibility and ETF Demand

Multiple factors have sustained Bitcoin’s upward trend.

On Wednesday, Fed Chair Jerome Powell mentioned the central bank’s willingness to lower interest rates if needed, calming markets as inflation stays under control and trade tensions ease. Bitcoin topped $99,000 mid-week before continuing its rise to $100,000.

According to Bitfinex experts, the move over the $100,000 shows genuine demand, not stable entry.

Experts also observed robust spot ETF inflows, strong on-chain assumption, and dropping exchange funds as a signal of genuine demand.

US-listed spot Bitcoin ETFs noted strong results this week, with total inflows surpassing $1 billion and net inflows of above $920 billion on four out of five good trading days, according to data from Farside Investors.

BlackRock’s iShares Bitcoin Trust kept its spot as the biggest Bitcoin fund, with a winning streak that reached 19 days in a row.

Bitcoin’s Corporate League Welcomes New Contenders

On the other hand, more companies are starting to use Bitcoin, including well-known ones like Strategy, MARA Holdings, and Metaplanet are still collecting Bitcoin while new Bitcoin-focused companies start up.

Earlier this week, Strive Asset Management, supported by Vivek Ramaswamy, said it will merge with Asset Entities to create a new public company focused on holding Bitcoin. The new company wants each share to give investors as much Bitcoin value as possible and plans to raise up to $1 billion by selling shares and taking loans.

According to the reports of CNBC, on Wednesday, BTC Inc. CEO David Bailey raised $300 million for Nakamoto, a new Bitcoin investment firm. The company got $200 million by selling shares and another $100 million through loans that can turn into shares. It plans to become a public company this summer by joining with another company listed on the Nasdaq.

These new businesses started after Cantor Fitzgerald teamed up with Tether and SoftBank to launch Twenty One, a Bitcoin-focused company that wants to collect over 42,000 bitcoins. Led by Jack Mallers, the company plans to create financial products based on Bitcoin.

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Pi Is Almost $1 — Here’s How to Get In on the Action

Pi Network is making headlines, with its price increasing more than 25% in the past 24 hours. At present, Pi Coin is close to the important $1 point. Exciting things are coming for Pi, and it’s quickly becoming a big name in crypto. Users will soon be able to mine and trade Pi more easily than ever. Here’s how you can buy and sell Pi coins.

How To Buy a Pi Coin?

1. Select an Exchange: Select a popular and secure exchange that assists Pi Coin trading. As of May 2025, you can search for Pi Coin (PI) on platforms such as MEXC, OKX, BitMart, Bitget, KuCoin, and Bybit.

2. Sign Up and Verify KYC: Register on the exchange and verify your Know Your Customer (KYC) procedure, according to the area, by submitting required identification documents.

3. Add money to your account using the available methods or other payment options the exchange accepts.

4. Next, search for “Pi Coin” or “PI” on the exchange platform. Choose the suitable trading pair (e.g., PI/USD, PI/USDT, or PI/ETH).

5. Submit an Order: Select your order type (market or limit), type the value of Pi Coin you want to buy, and validate the payment.

6. For added security, you can move your Pi Coins to your own wallet and turn on two-factor authentication (2FA) to keep your account safe.

How To Sell Pi Coins?

If you have a Pi account and have moved your coins to the Mainnet, you are all set to sell them. You’ll also need the Pi Browser app to create a Pi Wallet and complete your KYC verification.

If you want to keep your funds after selling, you can transfer them to a non-custodial wallet for better security.

1. Create an Account – Sign up on a trusted exchange that supports Pi and finish the KYC verification. Make sure to avoid exchanges that are not officially recognized by the Pi Network community.

2. Find Your Trading Pair – Search for the individual Pi trading pair such as PI/USDT, PI/EUR, or PI/BTC.

3. Place A Sell Order – Next, place a sell order. With a market order, you can sell immediately at the current price. With a limit order, you set your own price and wait for it to be matched.

4. Withdrawal – Once your order is finished, your balance will usually show in USDT or the main currency. You can then choose to withdraw it to a crypto wallet, convert it to cash, or exchange it for another crypto.

Smart Tips for Selecting the Right Exchange

Search for minimal trading charges and low price differences.
Select platforms with high trading volume and strong market depth, so trades go through quickly and at better prices.
Stay away from exchanges that are not officially approved by the Pi Network community.

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Saturday, May 10, 2025

SUI Flooded With $40M: Is a Dump Incoming?

Main Takeaways:-

Around $39.98M worth of SUI transferred to exchanges, indicating a potential shift in sentiment among long-term holders.
Traders are excessively leveraged between $3.71 and $4.15, indicating strong sentiment and elevated risk from both bulls and bears.

$40M in SUI Hits Exchanges — Time to Worry?

Exchanges noted a $39.98 million value of SUI Inflows in the last 24 hours, at the peak of the surge, according to the reports of CoinGlass.

A large amount of assets coming in during a market rise could mean that long-term holders are starting to sell. As the investor outlook has shifted to optimism, there is a high chance that the SUI coin may not face a downward trend.

Additionally, the engagement of long-term holders and traders is also placing significant bets on the upside. Traders aimed for a support level at $3.7111 and a resistance level at $4.15.

At these levels, trades seem to carry excessive leverage, with a $80 million value of long positions and a $30 million value of short positions accumulated. According to traders’ activity, it seems that the buyers are presently in control and trust that the SUI coin price will not drop below the $3.71 zone.

SUI Flooded With $40M: Is a Dump Incoming? 1

Technical Analysis of SUI: Unpacking Price Action and Trends

SUI indicates positive momentum and is ready to extend its upward trend, according to AMBCrypto’s technical analysis.

The four-hour pattern shows that SUI has escaped from a prolonged period of consolidation that had created near the key resistance zone of $3.80. After the breakout, the asset tested this level again and kept moving up.

SUI Flooded With $40M: Is a Dump Incoming? 2

If the price holds this level, it could increase 40% to $5.65. This pattern is still confirmed as long as SUI remains above $3.80. Any drop below could cancel out the breakout pattern.

With the big jump in the asset price, SUI’s Relative Strength Index (RSI) hit 75, showing it’s overbought. This could mean a price drop until the RSI falls below 70.

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