Из жизни альткоинов

Член комиссии Общественной палаты России по экспертизе законопроектов Евгений Машаров предложил запретить прием наличных денег криптообменниками. По его мнению, это поможет бороться с телефонными и интернет-мошенниками.

Инвестиционные фонды фиксируют убытки и теперь концентрируются на криптоактивах с прозрачной моделью дохода, активным сообществом и внятной логикой роста, заявили участники рынка изданию The Block.

Старший аналитик Bloomberg Intelligence Эрик Балчунас (Eric Balchunas) подсчитал, что сейчас одобрения Комиссии по ценным бумагам и биржам США (SEC) ожидают 72 криптовалютных биржевых фонда (ETF).

Команда платформы Yield Sec сообщила, что доходы криптоказино выросли в 2024 году в пять раз по сравнению с 2022 годом, когда валовой игровой доход составлял около $16 млрд.

Эксперты международного инвестиционного банка TD Cowen заявили, что покупки первой криптовалюты американской компанией Strategy (бывшая MicroStrategy) почти не оказали влияния на котировки биткоина.

Управление по наркотикам и преступности Организации Объединенных Наций (УПН ООН) заявило, что преступные сообщества Азии используют незаконный майнинг как инструмент для расширения своей деятельности и отмывания десятков миллиардов долларов.

The Ethereum Foundation has initiated a leadership realignment designed to unshackle Vitalik Buterin from routine coordination and crisis triage, allowing the network’s co‑founder to devote his time almost exclusively to deep‑cycle research. The shift was disclosed by Tomasz K. Stańczak, recently appointed Co‑Executive Director of the Foundation, in a post on X that outlines an aggressive acceleration of Ethereum’s technical roadmap.

Ethereum Foundation Reshapes Leadership

“Our discussions about the Layer 1 scaling roadmap have been extensive, and the feedback so far suggests that the community appreciates our ambition,” Stańczak wrote. “Turning that ambition into reality now depends on the focus of the core development teams and researchers.” He added that, following the “recent changes in leadership at the Ethereum Foundation, we aimed, among other things, to free more of Vitalik’s time for research and exploration, rather than day‑to‑day coordination or crisis response.”

Stańczak emphasized that Buterin’s voice will “always carry weight,” but that his proposals are meant to “start conversations and encourage progress in difficult research areas,” subject to rigorous community review. “Each time Vitalik shares insights or communicates a direction, he accelerates major long‑term breakthroughs,” he noted, citing Buterin’s recent essays on RISC‑V–based virtual machines and zero‑knowledge execution environments, as well as his writings on privacy, which Stańczak said have “helped realign the community around the Ethereum Foundation’s core values.”

Under Stańczak’s stewardship, the Foundation is concentrating near‑term research firepower on Layer 1 scaling, Layer 2 support, and thorny user‑experience issues—including interoperability—within the upcoming Pectra, Fusaka and Glamsterdam protocol upgrades. “Within the EF we will shift much of our research effort toward near‑term goals, aiming to address user experience and scaling challenges in the next two protocol upgrades,” he wrote. In parallel, teams are “exploring ways to bring forward projects that currently look three to five years away,” citing next‑generation execution and consensus layers as targets that could be compressed into a one‑ to two‑year horizon.

Buterin’s most headline‑grabbing recent idea—replacing the Ethereum Virtual Machine with a RISC‑V architecture—illustrates the latitude he will now enjoy. The proposal envisions rebuilding the platform’s execution layer atop the open‑hardware instruction set, an overhaul that he argues could deliver “significant efficiency gains, potentially up to 100 percent,” in transaction processing and smart‑contract execution. While still early‑stage and subject to the Foundation’s culture of rigorous vetting, the plan aligns with Ethereum’s intensified focus on raw Layer 1 throughput even as Layer 2 ecosystems mature in parallel.

The leadership recalibration also aims to embolden other senior researchers. Stańczak singled out Justin Drake and Dankrad Feist, urging the community to grant them the same latitude Buterin enjoys to publish exploratory ideas that may later be refined—or rejected—through open review. “Ethereum researchers often ask that readers recognize the exploratory nature of their posts and proposals,” he wrote, underscoring the Foundation’s conviction that high‑risk inquiry is a prerequisite for breakthroughs.

At press time, ETH traded at $1,577.

Инвесторы подали коллективный иск против децентрализованной биржи Meteora на основе Solana и венчурной компании Kelsier Labs, обвинив их в мошенничестве с токенами M3M3, из-за чего трейдеры понесли убытки на $69 млн.

Конгрессмен и законодатель штата Нью-Йорк Нидия Веласкес (Nydia Velázquez) представила законопроект, направленный на то, чтобы криптоинвесторы больше не могли использовать территорию Пуэрто-Рико в качестве «налоговой гавани».

Согласно опросу, проведенному компаниями CoinNess и Cratos среди 2 000 корейских криптоинвесторов, 36,7% респондентов верят, что ралли альткоинов начнется в третьем квартале этого года.

Crypto is reportedly becoming more integrated into the conventional banking system, according to the Wall Street Journal. This shift occurs after the regulatory crackdown that followed the failure of crypto exchange FTX and its aftermath for many crypto-friendly institutions caused many in the conventional financial sector to withdraw their support from the digital asset market. 

But now, with Trump’s recent vow to make America a “Bitcoin superpower,” things might be starting to change, the report alleges, and more integration between crypto and conventional banking could be on the horizon.

Push For Mainstream Crypto Finance

Several crypto firms, including Circle and BitGo, are reportedly planning to apply for banking charters or licenses. Notably, Coinbase Global and the stablecoin company Paxos are also considering similar steps. 

As reported by Bitcoinist, the Trump administration aims to mainstream crypto finances, as such, Congress is advancing legislation that would create a regulatory framework for stablecoins.

These proposed regulations would require stablecoin issuers to obtain charters or licenses from regulators, a move that could fundamentally change the operational dynamics of the digital asset market. 

Many firms are exploring options for national trust or industrial bank charters, which would allow them to function similarly to conventional banks by accepting deposits and making loans. Others are reportedly pursuing more specialized licenses that would enable them to issue stablecoins.

Shifting Political Climate

Any firm that secures a banking charter will face stricter oversight, a reality that has been vividly illustrated by Anchorage Digital, the only digital asset firm in the US to hold a federal bank charter. 

CEO Nathan McCauley told the Wall Street Journal that the company has invested tens of millions of dollars to meet regulatory obligations, which include stringent anti-money-laundering measures.

Anchorage’s recent partnership with major financial players, including BlackRock and Cantor Fitzgerald, underscores the growing acceptance of digital assets within mainstream finance. 

Just a few years ago, major banks severed ties with crypto firms amid a wave of regulatory scrutiny following the FTX incident. The fallout from the collapse of Silvergate Capital and Signature Bank left many crypto entrepreneurs struggling to find banking partners willing to accept their deposits or provide loans. 

However, the political climate is shifting, and under Trump’s administration, regulators have begun to relax restrictions that previously required banks to obtain approval for crypto-related activities. New guidance on how banks can engage with crypto is anticipated later this year.

Some banks are eager to catch up and establish partnerships within the crypto space. For instance, Bank of America’s CEO Brian Moynihan expressed interest in issuing a stablecoin, contingent upon a solid legal framework. 

Similarly, US Bancorp recently announced plans to relaunch its digital asset custody service in collaboration with NYDIG, a Bitcoin trading and banking firm.

Conversely, some banks remain cautious. KeyCorp’s CEO Chris Gorman acknowledged the potential risks posed by digital assets, viewing them as both an opportunity and a competitive threat. 

Gorman emphasized the importance of understanding the evolving regulatory landscape, particularly concerning anti-money-laundering safeguards.

Featured image from DALL-E, chart from TradingView.com

Прокуратура Орегона подала иск против американской криптобиржи Coinbase, обвинив ее в торговле как минимум 31 незарегистрированной ценной бумагой, в том числе XRP, ADA, LINK, AAVE, SOL, COMP, ALGO, SAND, DASH, MKR и UNI.

Strategy, previously referred to as MicroStrategy, has purchased an additional 6,556 Bitcoin in a $555.8 million acquisition. The firm acquired the Bitcoin between April 14 and April 20, spending an average of $84,785 per coin. The latest move takes the company’s total Bitcoin to 538,200 BTC.

Company Now Has Over $36 Billion In Bitcoin

Based on company reports, Strategy has paid around $36.47 billion buying its Bitcoin reserves at an average of $67,766 per coin. The company is still the largest public company to hold Bitcoins, way ahead of rivals such as MARA Holdings.

This is the second straight week Strategy has bought Bitcoin. Two weeks ago, the company acquired nearly 3,460 BTC for over $280 million. The company has also posted a 12% Bitcoin return since the beginning of the year.

Strategy Is Planning To Raise $20 Billion For Additional Buying

The firm has no indication of decelerating its Bitcoin buying strategy. According to reports, Strategy plans to raise over $20 billion from the sale of stock to finance future Bitcoin buys. This aggressive buying persists even as Bitcoin’s relatively flat performance in recent months.

Strategy has acquired 6,556 BTC for $555.8 million at $84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, it hodl 538,200 BTC acquired for $36.47 billion at $67,766 per bitcoin.https://t.co/x6LqCJClfP

— Wu Blockchain (@WuBlockchain) April 21, 2025

Strategy is not the only one taking a Bitcoin investment strategy. Other institutional buyers are going the same way. Metaplanet just acquired 330 BTC for a little over $28 million, increasing its holding to 4,855 Bitcoin worth close to $500 million. Japanese retail company ANAP has also jumped into the game with a $70 million purchase of Bitcoin.

Metaplanet has acquired 330 BTC for ~$28.2 million at ~$85,605 per bitcoin and has achieved BTC Yield of 119.3% YTD 2025. As of 4/21/2025, we hold 4855 $BTC acquired for ~$414.5 million at ~$85,386 per bitcoin. pic.twitter.com/EUFSbUCOPW

— Simon Gerovich (@gerovich) April 21, 2025

Stock Price Surges After Announcing Purchase

The announcement of Strategy’s new Bitcoin purchase comes at a time when the company’s stock has risen. Shares of MSTR rose nearly 3% in extended trading to about $325 from Friday’s close at $317.

This share performance seems connected to the recent movements in Bitcoin’s prices. The cryptocurrency has surged to $87,600 as we speak. Observers have pointed out the high positive correlation between MSTR stock and the prices of Bitcoin, which is understandable considering Strategy’s huge exposure to the digital currency.

A few analysts are still wary of Bitcoin’s latest price surge. Crypto analyst Kevin Capital has cautioned that Bitcoin must move above $89,000 to validate a genuine uptrend. Until that happens, he recommends market participants to be wary.

If Bitcoin keeps going up in the next few weeks, Strategy’s stock may also do the same. Company executive chairman and co-founder Michael Saylor has already pointed out in the past that MicroStrategy has posted higher returns than other big assets since implementing its Bitcoin strategy.

The ongoing institutional investment in Bitcoin by companies such as Strategy is indicative of increasing mainstream acceptance of cryptocurrency as a valid asset class despite uncertainties surrounding long-term price stability and regulatory issues.

Featured image from The Star, chart from TradingView

The market intelligence platform IntoTheBlock has revealed how the Bitcoin resistance ahead is currently looking, based on on-chain data.

Bitcoin Could Have An Easier Time Past $90,000 In Terms Of Resistance

In a new post on X, the market intelligence platform IntoTheBlock has talked about how the on-chain cost basis map is looking for Bitcoin. Below is the chart shared by the analytics firm, showing the trend in the amount of supply that was acquired in the different price ranges BTC has been to.

In the graph, the size of the dot corresponds to the amount of supply that the investors last bought inside the associated Bitcoin price range. From the ranges listed in the chart, two in particular stand out for the scale of their supply: $82,266 to $84,830 and $95,300 to $97,971.

The former is under the current spot price, meaning that the owners of those coins would be sitting on some profit right now. Similarly, that of the latter’s would be underwater.

To any investor, their cost basis is an important level, so whenever a retest of it takes place, they may be likely to show some kind of reaction. Naturally, when Bitcoin retests a level that has the acquisition mark of only a few investors, there wouldn’t be any reaction large enough to cause fluctuations in the price.

In the case where a large amount of holders do share their cost basis inside a narrow range, however, a sizeable reaction may appear. As for the nature of the reaction, it comes down to the direction of the retest and the overall mood among the investors.

When the retest occurs from above (that is, the holders were in the green prior to it), the investors may decide to buy more, believing the same level would be profitable again in the future. This is, of course, if the holders still carry a bullish sentiment.

Similarly, investors who were in loss prior to the retest may decide to sell when it takes place, as they could fear the cryptocurrency would fall again in the near future.

Given these effects, large cost basis centers under the Bitcoin spot price can act as support cushions, while those above may prove to be resistance walls. As it is right now, the coin is heading toward two ranges with little supply contained in them: $87,501 to $90,065 and $90,065 to $92,629.

It’s possible that the asset may slip through them with relative ease, should bullish momentum continue. The $92,629 to $95,300 range after these two is moderately sized, but still not too big. So the next major real obstacle will be the aforementioned $95,300 to $97,971 range.

BTC Price

Bitcoin has seen a reignition of its recovery rally in the past day as its price has climbed back to $86,900.

A new analysis comparing Bitcoin price movements with the global M2 money supply is gaining attention, offering a possible glimpse into BTC’s next big move. Using a predictive offset model, the analysis suggests that Bitcoin is closely following global liquidity trends, and if history repeats, its price could be on track to reach above $100,000. 

Bitcoin Price Mirrors Rise In Global M2 Money Supply

On April 19, a crypto analyst with the X (formerly Twitter) account, ‘Collin Talks Crypto’ released an interesting technical analysis comparing Bitcoin’s price to the global M2 money supply. The basis of this analysis is that when there is more money available globally, Bitcoin’s price tends to go up, but with a delay. 

To test this, the analyst shared two charts showing a 78-day and 108-day offset. They shifted the M2 money supply data forward by these two timelines to see if Bitcoin would follow it after a delay. The 78-day chart model suggests a strong correlation between past M2 trends and current Bitcoin price action. This implies that M2 may be the leading indicator to determine BTC’s price moves 78 days later. 

Based on the model, BTC may already be in the midst of a breakout as of April 7, 2025, mirroring the earlier surge in global M2 supply. If this alignment holds, the market may be in the early stages of another major bull run, with BTC following the sharp rise previously baked into the M2 data. This projected bull trend is expected to continue through Q2 2025 and into early Q3, around May to July. 

Conversely, the 108-day offset model suggests that Bitcoin remains in a sideways trading phase. Still, it is steadily building momentum, potentially setting the stage for a massive breakout that could begin by May 2025. Though it falls behind the 78-day model by about a month, the 108-day model still agrees with the overall projection that Bitcoin is likely heading higher. This reinforces the analyst’s belief that BTC follows the path of the global M2 supply to new highs. 

$132,000 – $140,000 Target In Sight

Both offset chart models highlighted by Collin show a strong correlation between global M2 money supply and BTC over the past 1-2 years. The crypto analyst notes that while short-term movements may vary slightly, the macro trend is unmistakable: when global liquidity rises, Bitcoin‘s price tends to follow.

Whether BTC has already launched according to the 78-day model or is preparing to rally based on the 108-day model, the analyst believes that a six-figure price target is becoming increasingly likely. He predicts that Bitcoin will see a massive increase from its current price of $87,435 to $132,000 if it follows the 78-day offset. In contrast, the cryptocurrency is poised for an even higher price target of $140,000 if it mirrors the 108-day offset model.

Recent reports claim that crypto firms and financial giants are looking into expanding their operations in the US market following the Trump administration’s efforts to regulate the digital assets industry and incorporate it into mainstream finance.

Crypto Firms And Banks To Expand US Operations

On Monday, The Wall Street Journal (WSJ) reported that the crypto industry is “pushing deeper into the banking system,” as several firms plan to apply for bank charters or licenses, including Circle and BitGo, according to WSJ sources.

The news media outlet alleges that Coinbase and Paxos are examining similar moves. Meanwhile, some unnamed firms are interested in national trust or industrial bank charters that allow them to operate like traditional lenders, making loans and taking deposits.

Other crypto firms are reportedly seeking specific licenses to issue stablecoins, as related legislation gains momentum in Congress. Notably, the firms that apply and get a bank charter will be subject to stricter regulatory oversight.

On the other hand, the report also affirmed that traditional financial giants, including Deutsche Bank and Standard Chartered, are working to “catch up and forge ties” with the crypto industry by revisiting their approach to the sector.

According to sources cited by the WSJ, a group of banks has started to explore ways to expand their crypto operations in the US after the new industry-friendly administration shifts from its “regulation by enforcement” strategy.

Although details of the alleged plans have not been revealed, the report notes that other banks remain cautious. It cites KeyCorp Chief Executive, Chris Gorman, who sees the potential opportunity in the crypto space but wants to evaluate how it develops with the “regulatory challenges,” such as anti-money laundering (AML) safeguards.

Traditional Institutions Await US Legislation

Other banking giants have recently expressed their desire to expand into the crypto industry. In January, Bank of America CEO Brian Moynihan asserted that the US banking industry was ready to embrace crypto payments.

According to the CEO, banks would “come hard” to crypto once the regulators allow it and a clear regulatory framework is established. “If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it,” he stated.

Moynihan later affirmed that Bank of America would issue a stablecoin if the legal framework were established. Since taking office on January 20, the Trump administration has notably shifted the previous government’s regulatory approach.

The Securities and Exchange Commission (SEC) has dropped or paused most of its major enforcement cases. Moreover, US lawmakers have proposed several policies addressing various crypto-related topics, including the Strategic Bitcoin Reserve (SBR) and stablecoin regulation.

In February, US Senator Bill Hagerty introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS Act) to develop a framework to allow tokens like USDT and USDC to fall under the Federal Reserve Rules.

The legislation aims to establish a “safe and pro-growth regulatory framework that will unleash innovation and advance the President’s mission to make America the world capital of crypto.”

While gold continues to set new all-time highs (ATH), trading at $3,420 per ounce, Bitcoin (BTC) may soon follow the precious metal’s price trajectory, according to crypto analyst Master of Crypto. The analyst pointed out that BTC has tracked gold’s ‘power curve’ since 2011.

Bitcoin To Mirror Gold Price Action?

In an X post published today, Master of Crypto highlighted how BTC has historically mirrored gold’s price momentum. However, this year presents a unique scenario – it’s the first time gold is hitting new ATHs during a Bitcoin bull cycle.

The analyst noted that if gold holds its current price levels and Bitcoin catches up, a $450,000 BTC by year-end is “still on the table.” To reach this target, BTC would need to rally by approximately 430%.

Supporting this view, fellow crypto analyst Daan Crypto Trades shared in a separate X post that the BTC-to-gold ratio is currently hovering around 25. He added:

This has been a level which has seen decent reactions in the past as it trades around between roughly 16-37 for most of the past 4 years. Gold is taking the spotlight here but we’ve historically seen that whenever gold goes, BTC is usually soon to follow.

If gold prices remain stable and the BTC-to-gold ratio climbs toward the upper end of its historical range – around 37 – Bitcoin could see substantial price appreciation relative to gold. Favorable macroeconomic trends may further accelerate BTC’s rise.

For example, the global M2 money supply recently reached a new ATH, while BTC remains about 22% below its own ATH of $108,786, recorded in January 2025. Historically, BTC tends to lag behind changes in M2 supply by 70 to 107 days, which suggests a potential new ATH by June or July 2025.

Meanwhile, momentum indicators such as the Relative Strength Index (RSI) are signalling renewed strength in BTC. In a recent X post, crypto analyst Titan of Crypto confirmed that BTC has completed a weekly RSI breakout, a development typically viewed as bullish.

Traders Foresee Further Downside For BTC

On the other hand, crypto analyst Ali Martinez offered a contrarian perspective, noting that nearly 60% of traders with open positions on Binance are currently betting on further downside for Bitcoin. The long/short ratio now sits at 0.67.

​​Despite the bearish sentiment, Bitcoin’s TD Sequential indicator recently flashed a buy signal on the weekly chart, suggesting a possible move toward $95,000 in the near term. At the time of writing, BTC is trading at $88,173, up 4.3% in the past 24 hours.

The Ethereum Foundation is realigning its developmental strategy to address core protocol efficiency and user experience challenges, following recent leadership changes earlier this year.

Co-executive director Tomasz Stańczak outlined the updated focus areas in a public statement on X earlier today, emphasizing that the shift is intended to strengthen Ethereum’s long-term scalability while improving near-term usability.

Protocol Upgrades and a Revised Role for Vitalik Buterin

Stańczak described the discussions surrounding Ethereum’s base-layer roadmap as extensive and community-driven, noting that the changes are designed to sharpen focus among researchers and core developers. Stańczak wrote:

Our discussions about the Layer 1 scaling roadmap have been extensive, and the feedback so far suggests that the community appreciates our ambition. Turning that ambition into reality now depends on the focus of the core development teams and researchers.

As part of its strategic transition, the Ethereum Foundation is aiming to give Vitalik Buterin more time to focus on advanced research rather than daily operational oversight.

“We aimed, among other things, to free more of Vitalik’s time for research and exploration,” Stańczak stated, adding that Buterin’s recent writings on topics like RISC-V and zkVMs have been instrumental in directing attention toward potentially “transformative technologies.”

According to Stańczak, these insights have played a significant role in realigning the Ethereum community around long-term priorities, such as privacy, modularity, and decentralized infrastructure.

Stańczak clarified that Buterin’s proposals are not mandates but starting points for community-led exploration:

Vitalik’s proposals will always carry weight, but they are intended to start conversations and encourage progress in difficult research areas.

He also stressed the importance of giving other researchers the same freedom, highlighting ongoing work by contributors like Justin Drake and Tankard Feist.

Overall. the Foundation’s research direction is now geared toward short-term outcomes that include better Layer-1 scaling, enhanced Layer-2 integration, and more “seamless” user experiences—especially in upcoming upgrades like Pectra, Fusaka, and Glamsterdam.

RISC-V Proposal and Developer Flexibility

The Foundation is also assessing the feasibility of moving from the Ethereum Virtual Machine (EVM) to a more modern execution environment powered by RISC-V.

This proposal, initially introduced by Buterin, suggests that RISC-V could streamline execution, improve efficiency, and simplify zero-knowledge proof implementation.

“We are exploring ways to bring forward projects that currently look three to five years away,” Stańczak noted, referencing possible acceleration in next-gen execution and consensus layer development.

RISC-V’s benefits include broader language compatibility and the potential for backward compatibility with existing EVM contracts. Developers could continue using Solidity and Vyper or expand into languages like Rust.

Additionally, RISC-V could improve validator performance through hardware-level customization, while maintaining core Ethereum features such as account models and contract interactions.

As research and experimentation continue, Stańczak emphasized the importance of community input: “Ethereum researchers often ask that readers recognize the exploratory nature of their posts and proposals. Focus remains essential.”

Featured image created with DALL-E, Chart from TradingView

Bitcoin is now facing a critical test after breaking above the $87,000 mark, following several days of tight consolidation between the $82K and $85K range. This breakout comes at a pivotal time, as global macroeconomic uncertainty and geopolitical tensions continue to weigh on financial markets. With the U.S. and China locked in an escalating trade dispute, investors are closely watching Bitcoin’s next move as a potential signal for broader risk appetite.

Bulls are hopeful that this breakout signals the start of a new upward leg. After weeks of subdued momentum and fading selling pressure, many expect the market to regain strength if key resistance levels are broken decisively. However, volatility is likely to remain elevated throughout the week, making this a crucial moment for price confirmation.

Adding to the bullish sentiment, new data from CryptoQuant reveals that Bitcoin’s Realized Capitalization hit a new all-time high on April 14, 2025, reaching $872.2 billion. This metric, which reflects the aggregated cost basis of all BTC in circulation, indicates rising investor confidence. The climb suggests ongoing capital inflows and long-term holding behavior, reinforcing the possibility that Bitcoin’s current rally may still have room to grow.

Bitcoin Reclaims $87K: On-Chain Metrics Support An Uptrend

Bitcoin is now trading above short-term highs after reclaiming the $87,000 level just a few hours ago. The move signals growing bullish momentum, but traders are watching closely for confirmation of a sustained reversal. Price must break above stronger resistance levels to validate a new uptrend, especially as macroeconomic headwinds persist. Global tensions are rising once again, with the trade war between the United States and China intensifying, keeping financial markets volatile and investors cautious.

Despite the uncertainty, some on-chain metrics paint a much more optimistic picture. According to new insights from CryptoQuant, Bitcoin’s Realized Capitalization hit a new all-time high of $872.2 billion on April 14, 2025. Realized Cap measures the total value of all Bitcoin based on the price at which each unit was last moved—essentially the aggregated cost basis of the network’s holdings.

This metric differs from Market Cap, which is based on current price; instead, Realized Cap reflects actual capital invested in BTC. The fact that it continues to climb suggests growing confidence, increased capital inflows, and rising long-term holder conviction.

This surge could signal the market is in a period of accumulation. If prices remain stable or rise from here, we may be witnessing the setup for Bitcoin’s next major move.

BTC Tests Resistance –$90K Breakout Looms

Bitcoin is currently testing a key 4-hour resistance zone, with bulls struggling to reclaim the $88,000 level. After days of consolidation and a recent breakout above $87,000, momentum appears to be building—but the $88K level remains a significant barrier. To confirm a breakout and ignite a potential rally, BTC must hold above $86,000 and push decisively beyond the $90K mark. A clean move above this range would indicate a shift in market sentiment and possibly mark the beginning of a broader recovery trend.

However, risks remain. The 4-hour 200 MA and EMA are sitting just below current prices at around $84,000, acting as a key short-term support zone. If Bitcoin fails to hold these moving averages, bearish pressure could return swiftly. A drop below $84K could send BTC back toward the $80K region—or even lower—invalidating the recent bullish attempt.

With global macroeconomic uncertainty and market volatility persisting, traders are closely watching the $88K breakout zone and short-term support levels to gauge Bitcoin’s next move. For now, BTC remains at a pivotal point, caught between building bullish momentum and the risk of another leg down.

Featured image from Dall-E, chart from TradingView 

Meme cryptocurrency Dogecoin is currently trading at an important support level against Bitcoin, a level that previously triggered its historic bull run in 2021. This significant observation comes from crypto analyst MasterAnanda, whose latest technical analysis on the TradingView platform highlights the potential for another major Dogecoin rally based on its performance against Bitcoin on the weekly candlestick timeframe.

Dogecoin Revisits Bull Market Support Zone Against Bitcoin

According to MasterAnanda, Dogecoin has re-entered what is described as its strongest historical support range when compared against Bitcoin on the weekly chart. Specifically, this zone, which is highlighted in blue on the weekly chart below, acted as resistance in early 2021 before the Dogecoin price surged to new highs and outperformed Bitcoin in the fifth wave of its bull run. After that 2021 rally subsided, the previous resistance transformed into support and held strong across multiple retests in the years since then.

The support area was initially tested in June 2022, followed by repeated confirmations in late 2023, early 2024, and again toward the end of 2024 as Bitcoin continued to outperform the rest of the crypto market and increased its dominance. However, Dogecoin rebounded at this blue zone each time it was retested, showing its validity as a key accumulation point and providing a solid foundation for any rally.

As it stands, Dogecoin’s price action against Bitcoin is exhibiting a higher low formation in the blue zone relative to past years, which is a bullish structural development. MasterAnanda expresses absolute confidence in this support zone, holding firm, labeling the current price level as “the best entry range possible” ahead of price action for the rest of the year.

What Could Happen Next For DOGE?

If Dogecoin repeats its previous bull cycle behavior, the current consolidation and accumulation phase could act as a launchpad to a significant upward trajectory. As such, DOGE could bounce above the blue support zone and outperform Bitcoin in the next months. This could be difficult, given that Bitcoin has received the most inflows from institutional traders and has dictated the entire market’s pace since late 2023. On the other hand, Dogecoin is becoming an increasingly popular choice among retail traders. All that’s needed is a bullish catalyst that could send inflows rushing into the meme coin.

The weekly Dogecoin/Bitcoin chart shared by the analyst highlights a clear Fibonacci extension pointing toward new all-time highs should DOGE’s price action follow this path and bounce upwards from the support zone. At the time of writing, the Dogecoin/Bitcoin pair is trading at 0.00000185. The 2021 all-time high is a 630% increase away at 0.00001350, meaning the meme coin has a lot of outperformance to do to return to its peak against Bitcoin.

At the time of writing, DOGE is trading at $0.162, up by 4.2% in the past 24 hours. Bitcoin is trading at $87,390, up by 3.8% in the same timeframe.