Из жизни альткоинов

Bitcoin is trading just below the psychological $100K mark, facing a critical test as bulls attempt to sustain the recovery rally. After weeks of strong upside momentum, the market has now entered a decisive phase, where a breakout above $100K could trigger a wave of renewed buying interest and potentially mark the start of a new all-time high run. However, failure to reclaim this level may signal exhaustion, leading to another consolidation or even correction phase.

Analysts remain divided on what’s next for Bitcoin. Some point to improving technical structure and strong demand zones as signs of a bullish continuation. Others argue that macroeconomic uncertainty, including persistent global tensions and shifting monetary policy, could cap further upside in the near term.

On-chain data offers additional insight. According to Glassnode, 925,914 Bitcoin addresses were active in the past 24 hours. This uptick in engagement reflects rising interest and potential accumulation as the market anticipates its next move.

Bitcoin Momentum Builds As Network Activity Spikes

Bitcoin is positioning itself for what could be the start of a massive rally. After reclaiming the $90K level with strong momentum, bulls have managed to push price action near the key psychological resistance of $100K. Analysts are increasingly confident that a clean breakout above this level could ignite a sustained market-wide uptrend. The current technical setup suggests that Bitcoin is attempting to break free from the consolidation zone formed after the last all-time high, signaling a potential continuation of the broader bull cycle.

Following months of heavy selling pressure and uncertainty, Bitcoin has shown remarkable resilience. Since bottoming out earlier in April, the price has surged over 15%, regaining investor confidence and bringing back bullish sentiment. The push above $90K marked a key shift in structure, and the market has since been watching for confirmation of a full reversal.

Adding to the bullish case, on-chain metrics show surging network activity. Top analyst Ali Martinez highlighted that 925,914 Bitcoin addresses were active in the past 24 hours, the highest figure in the last six months. This uptick signals a strong increase in user participation, often associated with the early phases of a new bullish leg. If this activity persists and price breaks above resistance, Bitcoin could be set for a move into uncharted territory.

However, risks still loom. Global trade tensions, monetary policy shifts, and geopolitical uncertainty continue to cloud the broader financial landscape. Any sharp shift in macro conditions could derail this momentum.

Technical Details: Eyes On $100K Level

The 4-hour chart for Bitcoin shows a steady uptrend, with BTC currently trading at $95,933 after briefly reaching highs near $97K. The price structure remains bullish above both the 200-period SMA ($87,335) and EMA ($89,812), which are now sloping upward, reinforcing the strength of the ongoing rally. This suggests that Bitcoin is maintaining healthy momentum after breaking out of its multi-week range below $90K in mid-April.

Volume has slightly tapered off in recent sessions, which could indicate temporary exhaustion or a pause before the next major move. Bulls are in control as long as price holds above the $93K-$94K region, which has now flipped into support after being a resistance zone during the prior consolidation phase.

The next major resistance is psychological and structural: $100K. A clean breakout above this mark could trigger a surge toward the $103,600 level, as marked on the chart. If bulls fail to push through soon, a short-term pullback toward the $92K region would not invalidate the bullish trend but would signal the need for more accumulation.

Featured image from Dall-E, chart from TradingView

Генеральный директор компании Tether Паоло Ардоино (Paolo Ardoino) сообщил, что выпуск нового американского стейблкоина состоится до конца 2026 года. Tether является эмитентом самого популярного долларового стейблкоина USDT.

Bitcoin is trading above the $95,000 level as bullish momentum builds and the market looks poised for a potential breakout. After weeks of strong price action, bulls are now aiming to reclaim the $100,000 mark, a key psychological and technical milestone that could trigger further upside. Analysts are increasingly optimistic as selling pressure fades and investor sentiment turns more constructive. However, the broader environment remains uncertain, with rising global tensions and macroeconomic instability still casting a shadow over markets.

Despite the risks, on-chain data supports the bullish thesis. According to Glassnode, the Short-Term Holder (STH) Cost Basis currently sits at $93,460, a critical level that may determine Bitcoin’s near-term direction. Holding above this threshold suggests that recent buyers are still in profit, which typically reinforces market confidence and reduces the likelihood of capitulation.

If Bitcoin maintains strength above this zone, analysts believe it could open the door to a sustained rally toward all-time highs (ATH) and beyond. On the other hand, a drop below the STH Cost Basis could signal weakening support and a potential retracement toward lower demand areas. As the market enters a decisive phase, all eyes are on the $100K breakout.

Bitcoin Builds Momentum As Buyers Guard Key Support Level

Bitcoin has surged over 15% in less than three weeks, regaining strength after a prolonged period of volatility and consolidation. The recent move has pushed BTC just below the highly anticipated $100,000 level, with price tapping $97,900 before facing temporary resistance. Market sentiment has shifted decisively in favor of bulls, with many analysts pointing to continued momentum and a potential breakout that could shape the next leg of the bull cycle.

Top analyst Ali Martinez shared on-chain insights highlighting the importance of the Short-Term Holder Cost Basis, which currently sits at $93,460. This level represents the average acquisition price of recent market entrants and is seen as a crucial line of defense. As long as Bitcoin holds above this threshold, the structure remains bullish. Martinez suggests that maintaining this support could ignite a rally toward $132,330, following a pattern seen in previous bull markets when short-term holders remained in profit.

However, the bullish scenario comes with caution. A drop below the $93,460 level could signal weakening demand, triggering a potential correction toward $72,420 — a move that would test deeper liquidity zones and shake out speculative positions. For now, though, the path of least resistance appears upward. With the broader market heating up and bullish catalysts aligning, Bitcoin’s current structure suggests that the rally may be far from over.

BTC Price Analysis: Resistance Below $100K

Bitcoin is trading at $95,856 after reaching a local high near $97,900, showing signs of slowing momentum just below the psychological $100K level. As seen on the daily chart, BTC has been in a strong uptrend since mid-April, reclaiming both the 200-day EMA and SMA, which now sit around $86,200 and $90,200, respectively. These moving averages now serve as key dynamic support levels.

The chart reveals a clear rejection around the $100K resistance zone, which aligns with historical supply pressure from previous highs. Despite that, the price remains in a healthy consolidation just below resistance, signaling that bulls are not yet ready to give up control. Volume has slightly decreased, suggesting a pause or potential pullback, but the lack of heavy selling is a sign of strength.

If bulls manage to reclaim $97,900 and flip $100K into support, the next target is around $103,600. However, failure to break this level could trigger a short-term retracement toward the $93,000–$90,000 region. Holding above $93,460, which aligns with the short-term holder cost basis, remains critical to avoid further downside.

Featured image from Dall-E, chart from TradingView

Инвестиционный директор венчурной компании Maelstrom и соучредитель криптобиржи BitMEX Артур Хейс (Arthur Hayes) заявил, что сомневается в возможности США сформировать национальный резерв биткоинов объемом больше объема конфискованных государством у преступников монет.

Эпоха доминирования Эфириума среди блокчейнов первого уровня подошла к концу, и среди подобных платформ началась гонка за лидерство, заявил гендиректор аналитической компании Nansen Алекс Сваневик (Alex Svanevik).

Число упоминаний в соцсетях мемкоинов с высокой капитализацией достигло максимума. Причиной является смещение интереса инвесторов и трейдеров к этим высокорисковым активам, заявил директор по маркетингу компании Santiment Брайан Куинливан (Brian Quinlivan).

Ethereum has once again proven its resilience, bouncing strongly off a long-term ascending support trendline that has consistently sparked major rallies in the past. This ascending trendline signals renewed confidence from buyers each time it’s tested. The latest rebound, taking place with visible strength, suggests that Ethereum may be gearing up for another powerful move higher.

Ethereum’s Trusted Trendline Strikes Again – Bulls Regain Control

According to UniChartz, in a recent post on X, Ethereum has once again delivered a powerful bounce from its long-term rising support trendline, a level that has consistently served as the launchpad for major upward moves in previous cycles. This trendline has proven to be more than just a visual guide; it’s a psychological and technical battleground where bullish sentiment has repeatedly resurfaced, helping ETH defy downward pressure when it matters most.

UniChartz further emphasized that this marks the third time ETH has successfully rebounded from this trendline, adding further credibility to its role as a dependable support level. With this repeated validation, the trendline is now firmly established as a foundation for Ethereum’s bullish structure. 

Looking ahead, if ETH manages to break decisively above the $2,030 to $2,160 resistance zone, it could open the door to a significant move toward the $2,540 level. This scenario sets the stage for renewed confidence in Ethereum’s long-term trajectory.

MACD And RSI Indicators Hint At Renewed Bullish Momentum

In the world of technical analysis, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are among the most trusted tools for signaling potential market moves. Currently, both indicators suggest a possible resurgence of bullish momentum, drawing attention to the price action.

The 1-day MACD has recently moved into positive territory, the MACD line crosses above the signal line, often indicating the start of strong momentum. When combined with an increase in volume, the crossover becomes even more significant, demonstrating the potential for an extended rally.

On the other hand, the 1-day RSI has been gradually climbing and is sitting in the neutral to slightly bullish zone, which means the asset is not yet overbought. A reading above 50 generally suggests positive momentum, and as the RSI continues to trend higher, it reinforces the thesis that the market is preparing for a breakout.

Together, these two indicators are aligning to support the notion of a renewed upward momentum. Traders should watch for confirmation, particularly with price action breaking through key resistance levels, which would validate the signals provided by the MACD and RSI.

CEO and Co-founder of crypto education media firm Coinbureau, Nic Puckrin has shared a “realistic” take on the altseason. The former TradFi entrepreneur and prominent digital asset advocate has highlighted three necessary conditions to usher in an altseason.

Altseason Still On Ice: What Needs To Change 

The altseason defines a period in the crypto bull market where altcoins significantly outperform Bitcoin. It is an entirely anticipated event, presenting investors with the opportunity to register massive profits due to the smaller market caps of altcoins compared to Bitcoin. 

However, the potential of altseason in the current bull cycle has been previously questioned, with analysts citing the rising number of altcoins compared to previous cycles. 

In contributing to this discourse, Puckrin states that an altseason usually occurs 320 days after the Bitcoin halving, a target that has been met following the last halving in April 2024. However,  Pukrin explains an altseason for this current bull cycle can only occur following the development of three crucial signals.

Firstly, the analyst states that Bitcoin dominance must fall below 54%. The Bitcoin dominance measures BTC’s share of the total crypto market. It represents the percentage of crypto investment that is in Bitcoin. 

Notably, an altseason only occurs after Bitcoin Dominance begins to fall, indicating that investors are rotating their capital into altcoins. Nic Puckrin explains that Bitcoin Dominance must stop rising and fall below the 54% threshold to confirm this rotation.

However, despite the need for this fall in BTC Dominance, the Coin Bureau boss further states that Bitcoin must break above its current all-time high to induce an altcoin bull market. However, the premier cryptocurrency must achieve this feat without pulling all the liquidity from the market. 

It is worth noting that in prior cycles, an altcoin market rally comes after Bitcoin establishes market dominance, then consolidates, giving room for investors to move their liquidity to lower-cap speculative assets. 

Nic Puckrin’s final condition states the US Federal Reserve must cease all Quantitative Tightening (QT) measures and confirm incoming rate cuts to counter the current interest rates above 4%. In doing so, the Fed can induce in rise in market liquidity, which is necessary for altseason.

Crypto Market Overview 

At the time of writing, the total crypto market has now reclaimed the $3 trillion mark following the general bullish swing in the past week. Meanwhile, market trading volume is down by 16.82% and valued at $68.83 billion.

Notably, the altcoin season index is still at 21, indicating that Bitcoin still outperforms a large percentage of the altcoin market, and there is no altseason in view for now. Historically, altseasons occur when the index is above 75, which indicates broad-based strength across altcoins.

The XRP price is showing signs of a strong comeback, according to a new technical analysis by TradingView crypto analyst ‘The Signalyst.’ The cryptocurrency is trading within a rising channel and quickly approaching a key support zone—a setup that indicates that bulls may be preparing for a higher leg up. 

XRP Price Gets Back In Action

In a recent TradingView analysis, The Signalyst declared that “XRP is back,” enthusiastically discussing the cryptocurrency’s next bullish move based on its current price action. The analyst disclosed that XRP‘s future outlook is largely bullish, suggesting the potential for a strong upward trend. 

He revealed that the altcoin has been steadily climbing within a well-defined Ascending Channel, showcasing a medium-term bullish trend. The XRP chart, highlighted by the TradingView crypto expert, illustrates consistently higher highs and higher lows—a classic hallmark of positive price action.

What’s particularly compelling about XRP’s current price action is its interaction with a key demand zone, highlighted in green on the chart. This area has historically acted as a strong support and resistance level, showing multiple rejections and consolidations in the past. 

The analyst also emphasized the blue-circled area on the price chart where the green horizontal support zone intersects with the lower boundary of the rising channel. This confluence of horizontal and diagonal support levels greatly strengthens the likelihood of a bullish trend. Additionally, the TradingView expert has highlighted this area as a key zone for spotting strong buy setups. 

While The Signalyst remains largely bullish on XRP, he has stated that he will be closely monitoring its price action as it approaches the blue circle zone. During this time, he will be on the lookout for bullish reversal setups such as a double bottom pattern, trendline break, and other key signals to confirm the next move. 

The Altcoin Set For Explosive Rally Before A Crash

In other news, XRP is flashing technical signals not seen since its historic rally in 2017. According to a chart analysis released by JD, a crypto analyst on X (formerly Twitter), it may be on the verge of a major breakout, with the potential for an explosive upside and a sharp correction to follow.

The analyst had pointed to the Stochastic Relative Strength Index (SRSI) indicator, which had crossed the 80 level — a momentum signal last seen in 2017 before the asset surged 20X within three months. JD has marked this signal as a “Cross Confirmed” moment, warning that the market may be entering a highly volatile phase. 

Back in 2017, this exact crossover led to XRP skyrocketing to over $3 before experiencing a 90% price crash shortly afterward. Although JD has confirmed that the altcoin won’t see a 20X rally as seen in the past due to its higher market cap, he still expects a powerful surge followed by a 70% price crash to new lows.

Market prices of Bitcoin (BTC) rebounded as high as $96,000 to mark a bullish end to April and the potential start to a price uptrend. However, despite breaking key resistances, BTC is yet to return to the present market peak price, which would ultimately confirm the resumption of the bull market.  Interestingly, crypto analyst Rekt Capital has shared a potential price trajectory through which Bitcoin could realize its bullish potential, leading to new price discovery.

From $93,500 To $104,500 – Critical Levels To Watch In 2025

In a recent post on X, Rekt Capital shares an intriguing price prediction on the BTC market following recent price gains. The market expert explains that Bitcoin’s price rally in late April allowed the asset to recover from its downside deviation and return to a bullish trading range.

Following this development, the premier cryptocurrency is now facing a black lower high resistance at the $99,000 price region. Interestingly, BTC experienced a similar situation in mid-October 2024, resulting in an 80% price rally.

As historical data are strong factors in price prediction, Rekt Capital states that for Bitcoin to repeat the price surge seen in Q4 2024 from this similar position, the asset will experience a price rejection at $99,000, which is expected to force prices as low as $93,500. The analyst explains that Bitcoin bulls must hold price movement at this support level before launching another price rally to break through the $97,000 – $99,000 region. 

Thereafter, BTC could likely face another rejection at $104,500 and return to find support around $97,000 – $99,000. After forming an ascending price channel, Rekt Capital then predicts Bitcoin to launch a price surge from this support level, moving past $109,000 to establish a new all-time high.

BTC Price Overview 

At the time of writing, Bitcoin trades at $96,500 following a price loss of 0.25% in the last 24 hours. However, Bitcoin has now entered comfortable bullish territory with gains of 1.84% and 15.55% in the last seven and thirty days, respectively. 

This development is confirmed by other factors, including the Bitcoin Bull Index Score, which is now at 80 – the highest it has ever been since January 30.  According to Rekt Capital’s analysis, the immediate price resistances for the premier cryptocurrency lie at $99,000 and $104,500, with the most critical support set at $93,500.

However, barring any negative macroeconomic developments, Bitcoin looks poised to complete its price recovery and launch into new price territory.

Cardano (ADA) appears to be regaining bullish momentum after experiencing a sharp correction from recent highs. According to a recent analysis by a TradingView analyst, ADA may be getting ready for another major rally, with potential price targets pointing toward the $1 mark and beyond. 

Analyst Sees Cardano Breaking Past The $1 Target

On May 1, Arman Shaban released a technical analysis on TradingView, examining the ADA price chart on a 3-day timeframe to decipher its next bullish targets. The analysis shows that Cardano previously surged from a low of $0.33 to a peak of $1.32, representing a more than 300% rally that marked its highest price in three years. 

At the time, this significant rally had met strong resistance near a bearish Order Block (OB), triggering profit-taking and a sharp pullback to $0.5. Despite the correction, Shaban’s chart reveals that ADA’s structure looks bullish, with its price showing signs of strength after reclaiming the $0.65 zone. 

The chart analysis also highlights a key liquidity sweep that occurred during the recent correction. Following this, ADA bounced from a well-defined demand zone and bullish Order Block, signaling strong buy-side interest at those levels.

Currently, Cardano is attempting to build a higher low formation, with price action strongly stabilizing above $0.65. This consolidation above $0.65 is seen as a crucial support level, indicating that the market is preparing for a potential bullish continuation. 

If this level continues to hold, Shaban predicts that the next upside targets lie at $0.75, $0.81, $0.93, and ultimately $1.05. These levels represent previous resistance points and liquidity levels, with each target representing a potential milestone for Cardano’s price recovery. 

The $1 level holds psychological significance for Cardano, as its price has traded below this threshold for months now. A successful move beyond the $0.81 target would likely open the door to a retest of this level. Nevertheless, the focus remains on the $0.65 and $0.75 range, as a strong close above this zone could confirm ADA’s readiness for a renewed and continued upward push. 

Whales Accumulate ADA Amid Low Prices

Cardano is currently trading at $0.69 after falling over 4.7% this past week. Amidst this price decline, whales have been purchasing ADA tokens in droves, seemingly taken advantage of the low prices in the hopes of a future reversal. 

Crypto analyst Ali Martinez recently shared on X (formerly Twitter) that Cardano whales have accumulated more than 410 million ADA tokens in April alone. At the cryptocurrency’s current market price, this substantial token buy amounts to an impressive $276,000,000. 

Notably, this massive increase in ADA accumulation signals strong conviction from large-scale investors in its long-term prospects. Although Cardano continues to trade sideways due to market downtrends and ongoing volatility, technical indicators suggest a shift in sentiment into the ‘Greed’ zone, signaling that investor optimism is rising.

The price of Bitcoin was somewhat slow in the last days of April before bursting to life again to begin the new month of May. The premier cryptocurrency has since made a return near $98,000, flirting with the highly coveted $100,000 level to kick off the weekend.

Since losing the $100,000 price mark in early February, BTC has struggled to put up any major positive run in the past three months. The latest on-chain data suggests that the dream of reclaiming a six-figure valuation might truly be on, with the Bitcoin price looking to resume its bull run.

What Negative Funding Rates Mean For BTC Price?

In a recent Quicktake post on the CryptoQuant platform, on-chain analyst Amr Taha revealed that the Bitcoin funding rates on Binance have witnessed a significant decline in the past few days. The “funding rate” indicator is a metric that measures the periodic fee exchanged between traders in the derivatives (perpetual futures) market.

A high or positive funding rate signals that the long traders (investors with buy positions) are paying a fee to short traders (investors with sell positions). This direction of the periodic payment typically indicates a dominant bullish sentiment in that particular market. 

On the flip side, when the funding rate metric has a negative value, it implies that investors with short positions are paying traders with buy positions in the derivatives market. This funding rate trend signals that the market is being dominated by the bears.

According to data from CryptoQuant, the Bitcoin funding rate on Binance, the world’s largest crypto exchange by trading volume, has fallen into a deeply negative territory around -0.0008%. This development reflects a significant shift in the current market sentiment and dynamics.

In their Quicktake post, Taha attributed the recent decline in the funding rate to the aggressive selling by the Bitcoin retail traders. The on-chain analyst then correlated the selling pressure to fear amongst market participants rather than “fundamental weakness.” 

Taha noted that when the funding rates become too negative, the Bitcoin market often becomes susceptible to a short squeeze, where short traders are forced to cover their positions due to rising prices — fueling a further upside move. Moreover, extremely low funding rates have been historically correlated with local price bottoms, preceding bullish trend reversals.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $96,950, reflecting a 2% increase in the past 24 hours. Suppose BTC’s recent bullish momentum and the latest on-chain observation are anything to go by, there is a strong chance of the premier cryptocurrency making a return above $100,000 this weekend.

Bitcoin is trading just below the $100,000 mark after reaching a local high of $97,938, signaling growing bullish momentum. After weeks of consolidation, last week’s surge has flipped sentiment across the market, with bulls now firmly in control. Analysts are increasingly optimistic, pointing to the tightening supply dynamics as a potential catalyst for further upside.

Top analyst Daan shared insights showing that Bitcoin exchange reserves continue to decline rapidly. This trend highlights a significant shift in investor behavior. As coins are pulled off exchanges, selling pressure typically decreases, often a precursor to extended rallies.

With BTC now holding above previous resistance and pressing toward a historic milestone, the supply-side squeeze could set the stage for a sharp leg higher. The $100K level remains a psychological and technical barrier, but if broken with strong volume, it may trigger a broader rally across the market. As liquidity tightens and long-term holders accumulate, all eyes are on whether Bitcoin can sustain this momentum and again enter price discovery.

Bitcoin On-Chain Data Signals Strength

Bitcoin is currently consolidating above critical liquidity levels, trading just below the $100,000 mark after a multi-week surge that began with a decisive break above $90,000. The bulls are in short-term control, but they now face the challenge of sustaining momentum. Holding above this range is essential to confirm a new leg of the rally and prevent a deeper pullback. Despite strong gains, the market remains fragile, shaped by global uncertainty and persistent trade tensions, particularly between the US and China.

After months of heavy selling pressure from all-time highs, Bitcoin is showing renewed strength and attempting to establish a broader bullish structure. The recent price action signals that investors are beginning to rotate back into risk assets. Yet, macroeconomic instability and potential recession risks still loom large, suggesting that price action could remain volatile.

Daan shared on-chain data that supports the bullish thesis. Bitcoin exchange reserves continue to decline rapidly, a trend that has accelerated since the last US election and during the recent price consolidation. This drop in exchange balances historically precedes supply crunches, which can fuel aggressive rallies. Should central banks reintroduce large-scale liquidity injections, Bitcoin would likely respond with a powerful breakout. For now, bulls must hold the line.

BTC Price Action Details: Key Levels To Watch

Bitcoin (BTC) is currently trading around $96,600 after a strong multi-week rally that began near the $84,000 level. The 4-hour chart shows a clear bullish structure, with higher highs and higher lows forming since mid-April. Price action remains firmly above both the 200-period Simple Moving Average (SMA) and the 200-period Exponential Moving Average (EMA), which sit at $86,925 and $89,428, respectively. This suggests strong support and continued momentum on the short-term trend.

However, BTC has now entered a tight consolidation range just below the psychological $100,000 resistance level, with short-term resistance forming near $97,900. Volume is showing some decline on recent candles, hinting at potential buyer exhaustion or a pause before the next leg. If bulls can break through $98,000 with volume confirmation, a clean sweep above $100K is highly likely, targeting the $103,600 zone as the next major resistance.

On the downside, any drop below $95,000 could invalidate short-term bullish momentum and trigger a retracement back toward the $90,000-$91,000 range—an area of high liquidity and previous consolidation. Overall, BTC remains technically strong, but the next decisive move will come from how it handles the $97K–$100K range in the coming sessions.

Featured image from Dall-E, chart from TradingView

Following its recent display of positive momentum, the price of Bitcoin returning to six-figure valuation has been the most popular narrative in the cryptocurrency market. However, the latest on-chain data suggests a relevant class of investors might pose a threat to the premier cryptocurrency’s dream of reclaiming $100,000.

A Successful $100K Break Could Open Path To Price Discovery: Glassnode 

In a May 2 post on X, blockchain analytics firm Glassnode shared an insight into the behavior of the Bitcoin long-term holders (LTH) and how it could impact BTC’s price trajectory over the next few days. Long-term holders refer to investors who have not moved their coins for more than 155 days.

According to the latest on-chain data, Bitcoin long-term holders have been in an accumulation phase in recent weeks, with more than 254,000 BTC aging beyond 155 days since the recent price low. Glassnode added that most of these investors purchased their coins above the $95,000 price level.

With the total supply held by these Bitcoin long-term investors on the rise, it implies that their spending has remained minimal and light — even in the face of bearish pressure and the uncertain market condition in the past month. This positive trend signals renewed confidence and the LTHs’ lack of interest in reducing their exposure in the market.

Glassnode, however, noted that long-term holders often begin distributing their coins around 350% unrealized profit margins, which corresponds with a Bitcoin price of approximately $99,900. With the BTC price closing in on this level, the analytics firm believes that increased sell-side pressure might be on the horizon for the flagship cryptocurrency.

Furthermore, Glassnode revealed that a large chunk of coins was purchased within the $95,000 – $98,000 region, leading to the formation of a supply barrier. The Bitcoin price could witness significant downward pressure if investors with their cost bases within this region decide to exit at breakeven or after a little profit.

The analytics firm concluded that the potential sell-side pressure from the large BTC supply in the $95,000 – $98,000 region and from the long-term holders distributing their coins around the $99,900 level creates a major resistance barrier. However, a successful breach of the $100,000 mark could “open the path to price discovery,” as the coin supply above this price level is relatively light.

Bitcoin Price At A Glance

As of this writing, BTC is valued at around $96,500, reflecting a 0.4% price decline in the past 24 hours.

A small US logistics firm hit headlines after announcing plans to hold the TRUMP memecoin as part of its treasury. Freight Technologies Inc.’s share price surged over 100% on Friday after reports of the announcement.

According to a Bloomberg report, the lesser-known company intends to utilize proceeds from the sale of convertible notes to acquire the politically-charged crypto asset, which has a connection to US President Donald Trump.

As of Friday, stock in Freight Technologies Inc had risen 108%, making its market value stand at $4.6 million. The price of the TRUMP token, however, did not display a lot of movement on the day.

Plans To Start With $1 Million In TRUMP

As reported by Bloomberg, Freight Technologies is starting the plan with a $1 million buy of TRUMP tokens. The firm could increase that to up to $20 million in the future. It’s one of the first publicly traded companies to announce TRUMP as a primary digital asset in its reserve.

The action seems to be less of an investment and more of a wager on name recognition and hype. TRUMP is a memecoin, and memecoins are notorious for wild price volatility. The coin didn’t fluctuate much following the announcement, which may indicate that the market isn’t responding the same way as investors did to Freight’s stock.

Company Already Holds $8 Million In FET

Freight Technologies is not a stranger to crypto. The company had earlier purchased $8 million worth of FET tokens. FET is the native cryptocurrency of Fetch.ai, a decentralized platform with an emphasis on artificial intelligence. That investment was confirmed as of April 29.

Bitcoin Leads Corporate Reserve Movements

Other firms are taking an opposite route when it comes to crypto reserves. Strategy and Metaplanet are both Bitcoin-focused, not memecoins. On May 1, Michael Saylor announced Strategy doubled its plan to raise $42 billion in equity and another $42 billion in fixed income—just to purchase more Bitcoin.

The firm also said it earned nearly 14% in yield in BTC and a profit of close to $6 billion year-to-date. In 2025, Strategy aims to increase that yield by a quarter and profit to $15 billion. Metaplanet is also setting aside 3.6 billion yen to top up its Bitcoin reserves.

Featured image from 9News, chart from TradingView

Bitcoin is currently trading around the $96,000 mark after a week of strong bullish price action that saw it reach $97,900 — its highest level since the March sell-off. The price now flirts with the psychological $100,000 barrier, a key milestone that could confirm the start of a new macro uptrend. However, global macroeconomic tensions remain, with concerns over inflation, trade conflicts, and monetary tightening still weighing on investor sentiment.

Despite the uncertainty, optimism is growing among long-term holders and market participants who expect a breakout in the coming weeks. Top analyst Ted Pillows shared an insightful comparison, suggesting that Bitcoin is currently mirroring gold’s recent price cycle: a deep accumulation phase followed by a breakout to all-time highs. According to Pillows, Bitcoin entered a re-accumulation phase after the March 2024 peak and successfully broke out of it in Q4 2024 — just as gold did before hitting record highs.

Now, BTC appears to be following the same trajectory, with investor confidence building as supply tightens and demand climbs. If the pattern continues, a sustained push above $100K could usher in a new leg of the bull cycle, drawing even more capital into the crypto market.

Bitcoin Approaches Major Test As It Tracks Gold’s Path

Bitcoin is once again at a decisive moment, trading just below the highly anticipated $100,000 mark. After weeks of steady gains and a recent push above $97,000, bulls appear confident—but market participants remain cautious. A successful breakout above $100K would not only mark a major psychological milestone, but also signal the start of a new bullish macro phase. However, ongoing macroeconomic tensions, including inflationary pressure, global trade instability, and lingering recession fears, continue to weigh heavily on the broader market.

Pillows shared a compelling outlook, noting that Bitcoin appears to be tracing the same path as gold’s recent rally. According to his analysis, BTC underwent a classic accumulation phase in early 2024, similar to gold’s behavior before it reached all-time highs. This was followed by a breakout and re-accumulation, culminating in another breakout during Q4 2024. Since then, Bitcoin entered a months-long consolidation phase, coiling within a defined range and building the necessary strength for its next leg up.

Pillows believes that the breakout has already begun and expects a new all-time high to be set in Q2 2025. If this scenario plays out, Bitcoin would likely surpass the $100K resistance and potentially open the door to a fresh wave of capital inflows across the crypto market.

BTC Price Consolidates Ahead Of Critical Test

Bitcoin is trading at $96,500 after several days of tight consolidation just below the $98,000 mark. The recent upward momentum has slowed, but bulls remain in control as BTC holds firmly above key short-term support levels. The $100,000 resistance remains the most important milestone on the horizon—reclaiming it would confirm a breakout and likely ignite the next leg of the bullish cycle.

However, price action suggests that the market is waiting for a catalyst to break this range. A decisive move above $98K could set the tone for a push toward six figures, while continued rejection near this level could erode short-term momentum. If Bitcoin fails to hold the $95K support zone, it may trigger a correction into the low $90K region, where the next major support lies around the $88,500 level—home to the 200-day moving average.

Overall, the setup remains constructive, but bulls must prove strength soon. With macroeconomic uncertainty still looming and global liquidity conditions tightening, market participants are closely watching for signs of confirmation—or weakness—in Bitcoin’s current structure. Until then, the $95K–$100K range remains the battleground.

Featured image from Dall-E, chart from TradingView

Cannes, the glitzy capital of film and French Riviera flair, is about to take on a new role: global crypto tourism hub.

The city announced plans to roll out crypto payment infrastructure across 90% of local merchants, thanks to a partnership with Web3 payment firm Lunu Pay.

By summer 2025, you might be able to grab a croissant, buy a bottle of champagne, or book a yacht – all using crypto.

What makes this different from previous ‘crypto city’ experiments – like El Salvador’s Bitcoin Beach or Miami’s Bitcoin-branded city campaigns – is the level of coordination. Cannes isn’t just slapping QR codes in cafes.

The municipality is actively training shop owners and laying down Web3 infrastructure. That’s a big deal, because it makes crypto payments truly accessible to regular people – not just hardcore HODLers.

And when crypto becomes this real, certain projects stand to benefit more than others. Let’s look at some of the best altcoins riding this wave of mainstream adoption.

1. Best Wallet Token ($BEST) – Powering the Next Generation of Crypto Payments

As crypto payments go mainstream in cities like Cannes, one thing becomes clear: the wallet you use – and the token behind it – matters more than ever. That’s where Best Wallet Token ($BEST) steps in.

Priced at $0.02495 and with nearly $12M already raised in its presale, $BEST isn’t just another utility token. It’s the backbone of a radically modern, user-first crypto experience.

Best Wallet is positioning itself as the next evolution of Web3 wallets, outpacing clunky tools like MetaMask with a sleek, app-style interface, smarter security, and a host of exclusive features.

But it’s the $BEST token that unlocks the real perks.

Buying and holding $BEST gives users serious advantages. We’re talking reduced transaction fees, early access to hot new crypto projects, and even bonus rewards through Best Wallet’s iGaming partnerships.

That’s a far cry from tokens that just sit in your wallet looking pretty.

$BEST holders also gain access to ‘Upcoming Tokens,’ a built-in launchpad tool. It allows users to discover, vet, and invest in new tokens directly in-app – without hopping through shady mirror sites.

In short, $BEST isn’t just a token. It’s your all-access pass to the future of crypto payments, investments, and perks – all in your pocket.

2. SUBBD Token ($SUBBD) – The Future of Content Monetization Is AI-Powered and Instant

The way we pay for content is about to change forever – and SUBBD Token ($SUBBD) is leading the charge.

Built for the next generation of fans and digital platforms, $SUBBD is reimagining the $85B content subscription industry by blending AI, crypto, and premium fan experiences into one seamless ecosystem.

Currently priced at $0.0553, with over $300K raised in presale, $SUBBD powers an AI-driven content platform where users can subscribe, tip, and interact with creators using fast, low-fee crypto payments.

The platform offers tools like AI-generated photos and videos (approved by the original creators), a chatbot assistant for creators, and customizable staking perks.

Holding and staking $SUBBD unlocks exclusive content, early access to drops, and platform bonuses, all while earning up to 20% APY during presale.

Analysts predict the token could reach $0.301 by 2025, and possibly soar to $2.50 by 2030, making it one of the most promising projects in the content and AI space.

This isn’t just another crypto content idea. It’s a fully operational, AI-powered platform that’s already rewriting the rules.

With $SUBBD, fans get more value, creators earn more directly, and the token at the center gets real-world utility.

3. Litecoin ($LTC) – The OG That Still Gets the Job Done

In a world of flashy new tokens and headline-chasing meme coins, Litecoin ($LTC) continues to quietly do what it does best – enable fast, cheap, and reliable payments.

Launched in 2011, it’s one of the oldest cryptocurrencies still thriving, and for good reason.

At a current price of $86.74, $LTC is more than just a legacy coin – it’s a practical, well-oiled machine built for real-world use.

It processes transactions four times faster than Bitcoin and with much lower fees, making it ideal for everyday purchases, especially in retail-heavy environments like Cannes.

With crypto payment terminals going live across 90% of the city’s merchants, Litecoin’s battle-tested speed and cost-efficiency could make it a natural fit.

Already accepted in crypto-forward cities like Miami and Lugano, Litecoin’s consistent performance and broad integration across wallets and payment platforms give it a major head start.

As crypto adoption spreads through tourism and local commerce, $LTC may just be the quiet workhorse powering your next seaside espresso.

4. Toncoin ($TON) – Turning Telegram Into a Global Crypto Powerhouse

Toncoin ($TON) is the native cryptocurrency of The Open Network (TON), a high-speed, scalable layer-1 blockchain originally developed by Telegram.

After regulatory setbacks paused Telegram’s direct involvement, the project was revived by an independent community and is now gaining serious momentum.

Priced at $3.18, Toncoin powers a range of blockchain functions – from staking and governance to paying for transaction fees.

What sets $TON apart is its deep integration with Telegram’s massive user base of over 900M people.

Through this partnership, users can send $TON directly in chats, use built-in wallets, and access decentralized services without ever leaving the app. It’s frictionless, fast, and tailor-made for mass adoption.

As cities like Cannes build crypto into everyday life, Toncoin’s seamless messaging-app integration could be a game changer.

Tourists and locals alike could one day send crypto payments with the same ease as sending a text – something $TON is already making possible.

Real-World Crypto Is Here – And These Projects Are Ready

As Cannes paves the way for real-world crypto adoption, a new era of usability is taking shape.

Whether it’s paying for coffee with $LTC, unlocking premium features with $SUBBD, securing your assets and the best crypto presales through $BEST, or sending instant payments through Telegram with $TON, these projects are built for the kind of everyday crypto usage that’s finally becoming a reality.

As more cities follow Cannes’ lead, projects like these are poised to lead the charge.

Before you invest, always do your own research (DYOR), as this article is for informational purposes only and doesn’t constitute financial advice.