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Ethereum (ETH) is beginning to show signs of a potential bullish reversal, with the second-largest cryptocurrency by market cap climbing 9.1% in the past 24 hours. Alongside the price surge, Ethereum’s network activity has seen a notable uptick.

Ethereum Network Activity Explodes Amid Price Rally

According to a recent CryptoQuant Quicktake post by analyst Carmelo_Aleman, Ethereum’s active addresses have surged significantly over the past few days. Between April 20 and April 22, ETH active addresses jumped from 306,211 to 336,366 – an increase of 9.85% in just 48 hours.

The analyst notes that such a sharp rise in active addresses points to increased on-chain activity. However, they caution against analyzing this metric in isolation, emphasizing the need to also track other metrics such as exchange volume, transaction count, and gas fees for a fuller picture.

Latest data from Ycharts indicates that Ethereum transactions per day have witnessed a significant spike over the past few days. Specifically, the number of transactions has climbed from 1.042 million on April 19, to 1.293 million on April 22.

Additionally, DefiLlama reports a significant rise in Total Value Locked (TVL) across the Ethereum decentralized finance (DeFi) ecosystem. Notably, TVL climbed from $46.28 billion on April 19, to $49.99 billion at the time of writing.

Despite the recent growth, TVL remains well below the December 2024 high of approximately $76 billion. Trading volume on ETH-based decentralized exchanges (DEX) has also surged, jumping from $932 million on April 20, to $2.44 billion today.

Beyond bullish on-chain metrics, technical indicators are also pointing to a potential reversal. In a recent post on X, crypto analyst Titan of Crypto highlighted that ETH has broken out of a falling wedge pattern on the daily chart – a classically bullish signal.

Furthermore, Ethereum’s Relative Strength Index (RSI) has broken out of a long-term downtrend. The RSI is currently hovering around 50, suggesting there’s significant room for upward momentum if the price follows suit.

Some Warning Signs For ETH

Despite improving sentiment, the Ethereum Fear & Greed Index is flashing a reading of 64 – indicating that ETH might be entering overbought territory at its current price level.

Additionally, ETH could face strong resistance around the $2,300 mark if the current bullish momentum continues. At press time, ETH is trading at $1,788, up 9.1% over the past 24 hours.

Bitcoin is trading above the $90,000 mark again, signaling renewed strength as bulls gain momentum despite persistent global uncertainty. The broader market remains on edge amid rising tensions between the US and China, coupled with lingering concerns over inflation and economic slowdown. However, optimism around Bitcoin continues to grow, with several analysts suggesting the possibility of a sustained rally in the months ahead.

One of the key signals supporting this view comes from on-chain data shared by Glassnode. The analytics platform revealed that Bitcoin has now broken above the Short-Term Holder (STH) realized price. This metric, which tracks the average price at which recent buyers acquired their BTC, is often seen as a psychological level that influences short-term sentiment.

Glassnode has consistently highlighted this level as a benchmark for gauging market sentiment, and breaking above it is considered a significant step in confirming buyer confidence. Now, all eyes are on whether Bitcoin can hold above $90K and begin targeting new highs.

Bitcoin Tests Key Resistance as Bulls Regain Control

After weeks of persistent selling pressure and a sharp 30% drawdown from its highs, Bitcoin is finally showing signs of recovery. The asset is now testing a critical resistance zone, and the outcome of this battle will likely define the short-term trajectory. Bulls have reclaimed control in recent sessions, and the market’s attention is now focused on whether they can defend the $90,000 support level and push higher.

This recent strength comes despite continued macroeconomic turbulence. The conflict between the US and China remains unresolved, and the threat of an extended trade conflict continues to hang over global markets. A delay in any resolution could bring renewed volatility, which may influence Bitcoin’s next major move. Still, BTC’s resilience amid these headwinds is a promising sign for long-term holders.

Supporting the bullish case, Glassnode recently highlighted that Bitcoin has broken above the Short-Term Holder (STH) realized price — or cost basis — for the first time since the correction began. This level is widely viewed as a key benchmark for investor sentiment and positioning.

Historically, a sustained move above the STH realized price signals a shift toward renewed confidence and often serves as a springboard for further upside. For now, Bitcoin bulls are in control — but holding $90K is essential to avoid another wave of downward pressure.

BTC Price Update: Bulls Eye $100K After 25% Rally

Bitcoin is trading at $93,800 after two days of strong upside momentum, marking an impressive 25% gain since April 9. The surge has propelled BTC through key resistance levels and lifted sentiment across the broader crypto market. After weeks of consolidation and uncertainty, bulls are firmly back in control — but the next move will be critical in determining whether the rally continues.

To sustain this momentum, Bitcoin must hold above the $90,000 support zone. This level now acts as a short-term floor, and defending it would solidify the current breakout. If bulls can maintain pressure and reclaim the psychological $100,000 mark, a full trend reversal will be confirmed and likely draw in fresh capital.

However, if BTC fails to hold $90K, a healthy retest of lower support around the 200-day simple moving average near $88,500 could follow. This would not necessarily invalidate the bullish trend but could reset key indicators before another leg higher.

For now, bulls are in a strong position — but volatility remains elevated, and the coming days will be decisive as the market awaits confirmation of a sustained recovery phase.

Featured image from Dall-E, chart from TradingView 

The Bitcoin Dominance (BTC.D), which measures BTC’s share of the total crypto market capitalization, is approaching a critical point where the market could be preparing for a dramatic rotation into the long-anticipated altcoin season. A recent technical analysis, backed by historical patterns, indicates that BTC’s current lead could soon fade, resulting in a potential market explosion. 

Bitcoin Dominance Reveals Timeline For Next Altcoin Season

According to a chart analysis shared by crypto analyst Astronomer on X (formerly Twitter), a steady decline in Bitcoin Dominance is expected to trigger the start of an altcoin season explosion. Technical projections on the BTC.D weekly chart indicate that Bitcoin Dominance may complete a three-drive phase before collapsing toward key Fibonacci retracement zones. 

For more clarity, BTC.D is expected to decline through multiple key levels, starting with a 50% psychological level, then 48%, before potentially breaking down to the pivot zone at 40.68%, and finally to the bottom point at 36.03%. Based on Astronomer’s analysis, altcoin momentum historically begins to ramp up once BTC.D falls below the 50% mark, with accelerated gains and explosive performance seen between 46% and 40%. 

This forecast echoes the October-November 2023 price behavior, where traders doubted the initial rally, only to witness a strong explosion shortly after. A similar sentiment shift is expected this cycle, especially with the recent fluctuations in Bitcoin’s price and the unstable market. 

Moving forward, the analyst believes that the market is still on track for a big Bitcoin price breakout, possibly in late spring or early summer. This breakout is expected to trigger an altcoin pump soon. 

Until that happens, Bitcoin will likely keep moving up slowly, dragging BTC.D with it until it tops out and falls. In his post, Astronomer declared that the BTC price has already hit a bottom, meaning any delays to the start of the altcoin season are mostly time-related and not price-related. 

BTC.D Possible Fakeout To Open Path To Alt Season

The Bitcoin Dominance has recently hit a resistance zone between 67% and 70%. This resistance zone could determine the potential of an altcoin season this bull cycle. 

The resistance zone, identified in the chart analysis as a Quarterly Breaker Open, has historically marked the top for Bitcoin Dominance before altcoins take over. After briefly entering this zone, BTC.D experienced a sharp reversal and is currently sitting around 64.62%. The rejection from this level aligns with the theory that the recent Bitcoin-led rally was a potential “fake breakout” — a move that mirrors strength before a strong rejection. 

Astronomer revealed that he expected BTC to rise and sweep the “wick,” which happened—and in doing so, it also pushed BTC.D higher. However, once BTC.D spikes and begins to decline, following the pattern of fakeouts, it could signal the start of the altcoin season, where alternative coins begin to outperform Bitcoin.

Bitcoin is riding the bullish wave as the flagship digital asset surges and reclaims the $91,000 mark, a key level that previously acted as strong resistance against upside prior attempts. With BTC experiencing notable upward movements, investors and traders are demonstrating renewed interest in the asset as they purchase more coins.

A New Wave Of Long-Term Investors Accumulation Begins For Bitcoin

Previous heightened bearish pressure around Bitcoin led to a negative sentiment among investors, causing them to close their positions. However, with BTC slowly recovering its upward trajectory, these investors are beginning to reenter the market as the asset reclaims key price levels that stood against previous upside attempts.

After months of market hesitation, Alphractal, an advanced investment and on-chain data platform, revealed that Bitcoin long-term holders are making their presence felt once again in the market. Bitcoin’s long-term holders’ growing interest in BTC reflects strong optimism and confidence in its future price performance.

Historically, increased participation among long-term investors is sometimes followed by notable price momentum, thus, this shift could be good for the cryptocurrency market. As BTC hovers near key resistance areas, it might pave the way for the next major leg-up for the flagship asset should this trend continue.

Alphractal highlighted that long-term holders are gaining more space in Bitcoin’s overall distribution as their supply is rising again. Following an investigation of the 1-year change in LTH Accumulation vs. Distribution metric, the platform noted that long-term holders are back in accumulation mode. The rise in buying activity from these investors can be seen as a long-term bullish signal, particularly in light of the current macroeconomic uncertainty around the world. 

On-chain data shows that long-term holders have currently acquired about 14.39 million BTC, representing over 72.48% of the overall supply. Meanwhile, short-term holders have accumulated 5.46 million BTC, representing about 27.48% of the overall supply in the market.

According to Alphractal, while the development may seem very optimistic for short-term price action at first, it might also be accompanied by downward pressure, considering past scenarios that led to negative pressure. This is due to the fact that short-term holders’ supply typically corresponds more closely with current demand and price fluctuations.

Short-Term Investors’ Pessimism Grows As They Keep Shorting BTC

In another post on the X (formerly Twitter) platform, Alphractal reported that retail or short-term traders are choosing to short BTC even as the asset moves toward the upside. Such behavior from these investors implies waning conviction and confidence in Bitcoin’s short-term prospects.

With retail traders opting for downside potentials, this increases the possibility of a short squeeze, which is the mass liquidation of short positions. However, if interest in long positions picks up again, a local top for BTC may occur in the short term.

Metaplanet CEO Simon Gerovich unveiled plans to more than double the firm’s current Bitcoin inventory over the next year. The Japan-based company already has 4,855 BTC, making it Asia’s largest publicly listed Bitcoin holder and ranking 10th globally among corporate crypto treasuries.

Company Prioritizes Long-Term Growth Over Short-Term Returns

In a recent X post, Gerovich responded to shareholder questions regarding stock price volatility. “We are consistently implementing a clear strategy,” he stated, highlighting that Metaplanet is concerned with creating long-term value, not pursuing short-term gains.

Shareholder Base Grows Dramatically Since 2021

The investor base supporting Metaplanet has grown from fewer than 10,000 as of December 2021 to 65,000 by March 2023. This six-fold rise indicates increased confidence in the company’s Bitcoin-focused strategy.

According to reports, institutional investors are also noticing. Metaplanet shares now find their way into ETFs and broad market indexes, attracting even more attention to their distinctive treasury strategy.

一部の株主の皆さまから、株価に対するご不安の声をいただいております。そうしたご意見は真摯に受け止めており、足元のような不安定な市場環境においても当社のビジョンを信じて支えてくださっている皆さまに、心より感謝申し上げます。…

— Simon Gerovich (@gerovich) April 22, 2025

Company Shatters Crypto Goals—119% Per Share Growth Since January

The company gauges success in terms of such metrics as Bitcoin holdings per share, which has increased 119% since January—well above their quarterly goal of 35%.

As per Gerovich, the financial strategy of the company has generated an extra 2,174 BTC in value, equivalent to around ¥27 billion ($175 million). This helped them increase their crypto holding without simply making direct purchases of the cryptocurrency.

Bitcoin Treasury Target Would Cost More Than $463 Million

Achieving the 10,000 unit target would mean investing over $463 million at today’s market prices. This ambitious target comes as more public firms include Bitcoin on their balance sheets as a treasury asset.

“We’re just getting started,” Gerovich said in his update. He also said that he has the same financial exposure as other shareholders, emphasizing his personal commitment to the company’s Bitcoin strategy.

Public Companies Increase Appetite For Crypto

Metaplanet’s strategy is following a trend in public companies increasingly viewing Bitcoin as a treasury investment and not an investment to make for speculation purposes. Their fast build-up is remarkable even when other companies start venturing into cryptocurrency as part of their capital planning.

The CEO’s note implies the company will keep up the strategy even if there is short-term price fluctuation of either digital currency or Metaplanet stock. This long-term focus appears to find favor with their growing investor base, who, like the company, seem to have faith in the future value of Bitcoin.

Metaplanet’s success in reaching their target of 10,000 BTC would make them one of the world’s largest corporate holders of the currency.

Featured image from Fordham Law News – Fordham University, chart from TradingView

An XRP Ledger (XRPL) validator has warned projects and developers that the network is compromised. He revealed some critical issues on the network, which put users and their funds at risk of an exploit. 

Validator Warns That XRP Ledger is Compromised

In an X post, XRP Ledger validator Vet told the network’s developers and projects that use the XRPL js library not to update or use any version 4.2.1 or higher, as it has been compromised. He remarked that any project utilizing the newest version of XRPL is putting users and funds at risk of an attack from hackers. 

Vet’s warning was in response to a post by Aikido Security, in which they stated that they had discovered a backdoor in the official XRP Ledger NPM package. The blockchain security firm added that this back door steals private keys and sends them to attackers. The affected versions are 4.2.1 and 4.2.4, so developers and projects should not upgrade to these versions. 

Ripple Chief Technology Officer (CTO) David Schwartz also commented on the Ledger situation, noting that it was just the XRPL.js from NPM that was compromised. He also alluded to a post by Ripple senior software engineer Mayukha Vadari. Vadari mentioned that the Ledger itself is unaffected by the malware. 

The engineer confirmed that the malware packages only affected services that use xrpl.js and were upgraded to the malicious versions that were published about a day ago. He added that GitHub remains safe, as only npm has been compromised. Vadari urged users to avoid services that have access to their private keys and seed phrases until they have confirmed that these services are unaffected by this malware. 

XRPL Foundation Provides Update 

The XRP Ledger Foundation also provided an update on the malware situation. In an X post, the Foundation clarified that the vulnerability is in xrpl.js, a JavaScript library for interacting with the XRPL. They further stated that the vulnerability does not affect the network’s codebase or the GitHub repository itself. Meanwhile, the Foundation urged projects using xrpl.js to upgrade to v4.2.5 immediately. 

The XRP Ledger Foundation also confirmed in the thread that it had deprecated the compromised xrpl.js versions on npm. They mentioned that they will share a detailed post-mortem soon and again urged projects and developers to ensure that they are using versions 4.2.5 or 2.14.3. 

In another X post, the Foundation announced that it has published an updated npm package for users of the 2.14.x branch to remove the previously compromised version. They asked these XRP Ledger users to update immediately to version 2.14.3 to prevent an attack. 

Bitcoin is trading above $93,000 for the first time since early March, signaling a significant shift in market sentiment after weeks of heightened volatility, global tensions, and macroeconomic uncertainty. The breakout comes as bulls reclaim control, pushing prices sharply higher following a prolonged consolidation period between $81K and $88K.

The surge reflects renewed optimism among investors, many of whom are responding to a more stable outlook in risk markets. With the US-China trade conflict still looming, and speculation around interest rate cuts building, Bitcoin appears to be decoupling from traditional market fears, at least in the short term.

CryptoQuant data adds more weight to the rally. Over the last three days, positions totaling 57,000 BTC have been opened in the futures market, representing a staggering $5.345 billion at current prices. This marks the largest liquidity injection into Bitcoin derivatives in the past year, highlighting rising speculative interest and the growing confidence among market participants.

With momentum shifting and volume picking up, all eyes are now on whether Bitcoin can sustain this move and build toward a retest of all-time highs—or if the market is due for a short-term cooldown.

Bitcoin Faces Crucial Resistance As Bulls Aim For $100K

Bitcoin is now testing a key resistance zone around $95,000 that could define short-term momentum. After weeks of uncertainty and consolidation, bulls have reignited the uptrend case, pushing prices above $93K and eyeing a breakout that could send BTC toward six figures. Analysts widely agree that $95K represents the last major barrier before the $100K level enters play—a psychological milestone that could trigger accelerated buying.

However, not everyone is convinced that the breakout will come immediately. Some market watchers suggest that BTC may retest the $88K–$85K demand zone before attempting another push higher. This consolidation could be a healthy step in confirming the current rally’s sustainability.

Global tensions between the US and China remain a wildcard, as financial markets continue to react to trade negotiations and macroeconomic shifts. Despite US President Donald Trump’s recent optimistic comments about ongoing talks, the uncertainty still looms, and it may affect investor sentiment across risk assets, including Bitcoin.

Adding weight to the bullish thesis, CryptoQuant analyst Axel Adler shared the Bitcoin Futures Open Interest chart, revealing that over the last three days, positions totaling 57,000 BTC—valued at roughly $5.345 billion—were opened in the futures market. This marks the largest surge in liquidity over the past year, signaling renewed speculative interest and strong institutional momentum.

BTC Price Surges Past $93K, Momentum Builds

Bitcoin is trading at $93,700 after two days of strong price action, gaining over 10% since the start of the week. This rally has shifted short-term sentiment in favor of the bulls, who have regained control after weeks of sideways movement and uncertainty. With BTC now breaking above key resistance levels, momentum is clearly building—but the next steps are crucial.

To keep this rally going, bulls must defend the $90K level as immediate support. A clean hold here would allow BTC to consolidate gains and prepare for a potential breakout above the highly anticipated $100K psychological barrier. Such a move could attract even more buying pressure and signal a full trend reversal after months of correction.

However, failure to hold $90K could result in a healthy pullback. A retest of the 200-day simple moving average (SMA) around $88,500 would still keep the bullish structure intact while allowing the market to reset before making another move higher. For now, bulls are in control, but with volatility increasing, eyes are on whether BTC can build a solid base above $90K and set up the next leg of this rally.

Featured image from Dall-E, chart from TradingView 

The meme market is in the green after Bitcoin’s rejuvenation, causing frog meme coins to surge by 20%.

Bitcoin is on a sustained growth, after recording a 12% boost over the past week, which brought it to over $94K at the time of writing this article.

The frog market reacted immediately, following the King coin into the bull zone. Fast forward a week later and the frog-themed carousel is still climbing with highs reaching up to 127%.

Is Bitcoin Back and Which are the Best Meme Coins to Look for in 2025?

While nobody can predict the future with absolute certainty, Bitcoin does appear to be back in full force if we’re to listen to the charts.

The crypto sector has seen red for longer than anyone expected, following Trump’s tariff plan on April 2, which saw the US trading blows with everybody, but especially China.

Five days later, on April 7, Bitcoin was down by only 5.7%, which was unexpected for a supposedly volatile and unsafe asset, in the eyes of many.

US secretary Scott Bessent himself was forced to admit that, calling Bitcoin ‘a store of value’ and comparing it to gold.

As we all know, Bitcoin’s retreat didn’t stop there as it went even lower over the following days.

But things are changing and fast, as Bitcoin is in full bull mode. Binance’s Fear and Greed Index currently sits at a meaty 72 points into the Greed zone after just entering Neutral less than 24 hours ago.

After passing the $94K mark, $BTC also enjoys an 81% positive community sentiment on CoinMarketCap.

Given this accelerated growth, it’s probably safe to say things aren’t going to stop here. So, it’s natural to experience a bit of FOMO (Fear of Missing Out) and even more natural to act upon it.

Especially since Bitcoin’s rally is already fueling the best altcoins on the market and, honestly, the entire crypto sector as a whole.

With that in mind, which are the best meme coins to buy now? Here are three new meme coins that show the most promise for 2025.

1. Solaxy ($SOLX) – Solana’s Layer-2 Upgrade Promises Lower Fees

Solaxy ($SOLX) is the Layer-2 upgrade that aims to improve Solana’s ecosystem for lower fees, improved transaction speed, and infinite scalability.

While Solana is one of the most expansive blockchains today, it undoubtedly suffers from an array of problems. These include network congestion, transaction errors, and transaction delays, especially during rush hour.

The presale has accumulated little over $31M so far, making it one of the best presales in 2025. Currently, 1 $SOLX will set you back a mere $0.001702.

Joining the presale now guarantees profits as the token’s price increases during presale and most likely after the launch, too. Stakers are also rewarded with a 129% dynamic APY, which is guaranteed to decrease as more people join the 8B-strong staking pool.

The project is in continuous development, with the devs posting regular updates detailing their progress.

If you’re interested in buying Solaxy, you can find more details in the project’s whitepaper, which outlines its roadmap and long-term milestones. Our Solaxy price prediction will also give you an idea of how we expect the token’s price to move after it lists on major exchanges.

2. MIND of Pepe ($MIND) – AI Agent Offering Exclusive Crypto Insights to Early Investors

MIND of Pepe ($MIND) is a self-sovereign AI agent that promises exclusive insights into the crypto market to early holders. The AI comes with a unique personality and the clear-cut goal of giving investors the upper hand in the crypto trading game.

MIND of Pepe is a multi-tasking force designed to manage X and Telegram communities, control its own wallet, interact with dApps, and even create its own tokens.

Early investors will receive exclusive access to MIND of Pepe’s trademark presales, so they can buy in before anyone else.

The presale is in full swing, having accumulated over $8.1M so far with a token price of $0.0037315.

Check our ‘how to buy $MIND guide and buy into the presale today while it lasts. Stakers are looking at a dynamic APY of 274%, which is likely to drop fast, given that only 1% (1.2B) of the total $MIND supply is currently in the staking pool.

3. Turbo ($TURBO) – ChatGPT’s Frog Meme Coin $69 Project is Taking Off

Turbo ($TURBO) is the brainchild of Rhett Mankind, who asked ChatGPT to create the next most popular meme coin for only $69. The result was Turbo, but not even the creator himself could predict its success.

The TurboChain project is built and operated in Aurora (the NEAR protocol), and it’s designed to serve artists, developers, and innovators from all over the world.

The project received its green light in April 2023 and remained above the floating line for a year until it experienced considerable growth.

$TURBO is currently surging after recording a 153% growth over the past 7 days, and it doesn’t seem likely to stop. The community sentiment is above 91%, which means this might be the best time to tune in.

Will Bitcoin Stumble Again?

It most likely will, because that’s what cryptocurrencies do. That being said, we should expect $BTC to remain on an overall upward trend in the short term, despite any minor drawbacks along the way.

And in the meantime, frog meme coins like Solaxy and MIND of Pepe are riding high atop Bitcoin’s bull run, providing a potential 1,000x opportunity.

We aim to bring you our research and honest opinion, but this is in no way meant as financial advice. You should always DYOR before investing because, despite the ongoing bullish movement, the crypto market is still volatile and unpredictable.

Most major digital assets, such as Dogecoin, are experiencing notable positive movements again as the general crypto markets turn remarkably bullish. DOGE has risen to the $0.17 mark due to improving market conditions, and crypto analysts believe that the current upward movement might extend to higher levels in the short term.

Breakout To $0.195 In Sight For Dogecoin?

Dogecoin, the largest dog-themed meme coin, is back in the spotlight after surging by more than 8% in less than 24 hours, triggered by positive market performance. Ali Martinez, a technical expert and investor, has outlined a bullish trend in DOGE’s chart that is likely to spur a rebound shortly.

While Dogecoin has reclaimed critical resistance levels, Ali Martinez highlighted that DOGE has formed a key Ascending Triangle chart pattern, indicating rising momentum. An ascending triangle formation is a bullish technical chart pattern that hints at the potential continuation of an uptrend.

According to the expert, DOGE is demonstrating the potential of a breakout from the chart pattern, suggesting an imminent uptrend to crucial price levels. The technical impending breakout, coupled with rising volume and improving sentiment across the broader crypto market, supports the conjecture that the meme coin may be preparing for a price recovery.

Following a breakout from the upper line of the ascending triangle, Martinez has predicted a rally to the $0.195 mark and beyond. With the market gaining robust momentum, DOGE’s rebound to this level could trigger a bullish trend in the following days, reigniting the bull cycle.

Even though DOGE seems primed for a rally to $0.195, the expert has highlighted that the meme coin must successfully reclaim the $0.17 mark as support again. The analyst considers this action another factor that might bolster Dogecoin’s anticipated upward trend. However, if the asset fails to recover $0.17 as support, it is likely to trigger a downward move to $0.6, a level that could imply the beginning of a bear market phase.

DOGE Bull Market Surge Brings $1.25 Into Play

As DOGE shows upward strength, Javon Marks, a crypto analyst and trader, has shared a bold prediction about the meme coin rallying to $1.25 this cycle. After delving into the 5-day price action, Javon Marks stated that Dogecoin’s price has maintained higher lows and is beginning to show signs of recovery from this set.

DOGE saw a notable increase in price of more than 500% from its prior set of higher lows. Meanwhile, a similar pattern is presently emerging. According to the expert, a breakout holding with a target of $0.6533 is still active, suggesting that another run of at least +279% is imminent.

With the strength from the recent pullback, Javon Marks claims that the $0.6533 target can be broken in the short term. This significant move will eventually bring the $1.25+ mark into play.

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The good news? $XRP discovered a serious security breach embedded in its JavaScript library, before the exploit was apparently used.

The bad news? XRP Ledger, one of the oldest blockchains, is used by thousands of programs and applications around the world. There are over 6M accounts on the XRP Ledger (XRPL), a figure that has grown 24% since January 2024.

Early Detection Essential to Avoid Disaster

Cybersecurity firm Aikido uncovered the critical backdoor in an NPM package tied to the XRPL ecosystem.

The malicious code was engineered to steal private keys, making it one of the more sophisticated blockchain attacks in recent memory.

On 21 April, the anonymous attacker inserted an infected JavaScript package – part of XRPL’s open-source stack – to include a backdoor capable of stealing cryptocurrency wallet credentials. The code would extract private keys whenever new ones were created and send the info to an external website.

Anyone who updated their software after the hacker struck would have downloaded the malware.

Aikido discovered the attack through Aikido Intel, its LLM-based monitoring system that constantly checks for code updates on public code managers.

Rapid-Response Teams Minimize Damage

The speed of response from Ripple and Aikido was impressive. Aikido discovered the attack only a day later, and XRP Ledger Foundation quickly pushed out an update.

With such a far-reaching attack, a quick response was vital. As Aikido pointed out:

‘This package is used by hundreds of thousands of applications and websites, making it a potentially catastrophic supply chain attack on the cryptocurrency ecosystem.’

The attack raises a bigger question, an ongoing one for crypto users: how can they better protect their assets in an era of rising attacks?

Specifically, what if there were a better way to store and interact with crypto, without sacrificing safety or convenience?

Best Wallet: Built for the Security-First Crypto User

Best Wallet offers a secure, all-in-one platform that answers the exact challenge exposed by the XRP incident.

It’s designed with military-grade encryption and a user-friendly interface that helps you store and swap cryptocurrencies and explore crypto presales all in one place.

There’s no need to worry about sketchy browser extensions or compromised code libraries, just instant access to one of the best Web3 wallets – no verification, ID, or KYC necessary.

Best Wallet app’s multi-chain compatibility lets users interact with a variety of networks securely. In the Upcoming Tokens feature, you’ll find curated token launches, helping users get early access to the best crypto presales while avoiding scams.

You can even set up multiple wallets to better organise your crypto investments. There’s a whole lot more to this non-custodial wallet, which you can read about in our Best Wallet review.

And now there’s a chance to supercharge your Best Wallet utility.

Best Wallet Token: Exclusive Presale for Supercharged Best Wallet

Best Wallet Token ($BEST) offers Best Wallet users increased staking rewards, access to premium features, and participation in wallet governance.

With reduced transaction fees, $BEST token holders will be able to get more out of their Best Wallet accounts. And with higher staking rewards, your crypto investments will go farther and earn more.

The $BEST presale is gaining steam; it has already raised over $11.8M. With the crypto market on the rebound, don’t miss out on a new meme coin with wallet-driven utility.

Learn how to buy Best Wallet Token in our guide, and see why we think the token price could reach $0.072 by the end of the year.

Why Best Wallet Could Lead the Next Security-Driven Wave

In light of the XRP hack, the industry is rethinking what ‘safe crypto’ really means. The early detection of the attempted hack and the quick response of the XRP Ledger team helped restore confidence in the token.

$XRP has now joined the rest of the market in a rebound, resulting in a lot of green across the board.

Best Wallet is ahead of the curve, fusing security-first design with the DeFi utility users crave.

Always do your own research. Crypto is volatile, and today’s market is no exception.

With meme coins on the rise and Layer-2 ecosystems growing rapidly, more users are jumping into Web3. They need tools that won’t leave them exposed.

Powered by $BEST, Best Wallet could redefine the standard for how wallets operate in a rapidly evolving market.

In an interview on Bloomberg Crypto with anchors Tim Stenovec and Katie Greifeld, Teucrium Trading’s chief executive officer (CEO) Sal Gilbertie argued that XRP is the crypto asset with “the most utility” in the entire space.

“Ripple’s a company of really professional people working really hard on this. That’s why we chose XRP. We believe in XRP. We’re not making a price prediction, but we do believe it’s a coin that will have the most utility out there. You know Bitcoin is a store of value […] but I think that XRP has a true use case,” Gilbertie remarked.

He further highlighted the professionality of the Ripple team which is a big reason the company believes in the crypto asset: “There’s just no doubt about it in the Ripple team from what the interaction we’ve had with them […] They act like investment bankers over there. They know what they’re doing and they will make this work.”

Teucrium’s 2x Long XRP ETF

Teucrium launched the first XRP-based exchange-traded fund (ETF) in the United States on April 8. The Teucrium 2x Long Daily XRP ETF, traded under the ticker XXRP on NYSE Arca, is a 2x leveraged fund aiming to provide twice the daily return of the token.

The ETF’s launch coincided with a sharp rebound in the underlying token. While Teucrium cannot see its shareholder register in real time, Gilbertie believes early flows reflect “a mix of professionals and retail trading their own accounts.” XXRP is engineered explicitly for intraday traders, he emphasized: “This specific product is geared toward traders who have a short-term view—primarily a one-day view—of what XRP’s price moves might be. This allows them in a traditional brokerage account to achieve leverage without a margin account.”

Gilbertie acknowledged that such magnified exposure is unsuitable for naïve investors. “Of course it’s risky. Leveraged funds are always risky and people need to be very careful,” he cautioned, adding: “I hope that the non-sophisticated traders do their homework first before they set foot in this.”

The conversation also illuminated a shifting regulatory atmosphere in Washington. Gilbertie contrasted the Securities and Exchange Commission’s current leadership with its prior stance under former Chair Gary Gensler, without naming him directly but characterizing the previous regime as “a blocker” to digital-asset innovation.

“The old SEC regime was a blocker…worked against the crypto industry,” he said. By contrast, the gap between administrations—during which newly confirmed Chair Paul Atkins and the fresh slate of commissioners were still settling in—created a moment when Teucrium’s application could proceed. “We applied as soon as we could, meaning the old regime had left and wouldn’t block us, and we simply listed as soon as we could following the normal rules. The staff is really wonderful at the SEC…It’s the leadership that matters.”

XXRP’s methodology relies on daily rebalancing of swap positions to deliver twice the token’s move—up or down—over a single trading session. Compounding makes the fund unsuitable as a long-term proxy, an intrinsic feature common to all daily leveraged products but one the firm has gone to pains to highlight in its prospectus. Gilbertie underscored that message: “Volatility is the point. You want the action,” but traders must understand that the action cuts both ways.

For now, Gilbertie is betting that the community’s zeal, combined with a friendlier SEC stance, will keep volume humming. “We thought the time was right,” he concluded, “and so far the market seems to agree.”

At press time, XRP traded at $2.24.

$ZEREBRO, the core of an autonomous AI agent, has skyrocketed 308% since last week and 190% in just 24 hours.

As more investors flock to AI coins like $ZEREBRO, $SUBBD makes a timely entrance into the Web3-AI-creators arena, positioning itself as one of the next cryptos to explode.

But what’s fueling $ZEREBO’s recent surge, and what’s $SUBBD got to do with anything?

$ZEREBRO Rallies After io.net Collab & Bitget Listing

Acting as a catalyst for $ZEREBRO’s success is its recent collaboration with io.net. Together, they aim to power decentralized GPU (Graphics Processing Units) infrastructure for Ethereum validation and AI integration.

Powering EVM with the help of AI gives Zerebro the flexibility to scale up its Ethereum validator operations quickly and cost-effectively as demand grows, especially during high-performance tasks like training AI models.

Plus, a fresh Bitget listing in the innovation, AI, and meme zone is driving even more eyes – and volume – to $ZEREBRO.

By tapping into the world’s second-largest exchange that boasts 3.5M+ weekly visits, the project shows no signs of slowing down.

AI Coins’ 24-Hour Volume Climbs Over 65% to $4.16B

$ZEREBO isn’t the only coin making waves in the AI-blockchain arena.

Since yesterday, the market cap for AI and big data coins has climbed by 9.57% to $29.92B, with the daily trading volume jumping by 65.18% to $4.16B.

Some of the biggest AI cryptos pushing the rise over the past 24 hours include:

• $GRIFFAN: +74%
• $SWARMS: +59%
• $TAOBOT: +49%
• $TURBO: +48%

$SUBBD is another AI token well-positioned to capitalize on the current enthusiasm flowing into machine-learning-backed crypto projects – and for good reasons.

SUBBD Token Revives the $8B Content Subscription Sector With Crypto, AI & Rewards

Fresher than ChatGPT after a software update, $SUBBD is one of the best cryptos to watch. Like $ZEREBRO, it has its very own AI assistant, and AI tech is at the core of its proposal.

It sets itself apart, however, by being on a mission to revamp the $85B subscription-based online content sector. The SUBBD platform aims to achieve this through AI-powered, tokenized experiences and loyalty rewards for users.

Helping creators to streamline their digital content workflows, the AI tools offer a profile creation feature, voice notes, live streams, and video generator.

Fans, on the flip side, get the rare chance to connect with their favorite influencers directly, customize their experiences, and access exclusive content in a decentralized manner.

Influencers also receive tailored benefits, spanning automated AI support to boost their revenue by cutting out third-party fees.

With a strong roadmap ahead, more innovations are on the horizon: an AI image generator tool, a beta platform launch, creator live streams, and a creator app debut.

Given that nearly a third of the AI space is driven by content and productivity tools, the SUBBD Token ecosystem strategically taps into this dominant trend.

It’s no wonder that the platform already has 2K+ top-earning creators and that the $SUBBD token presale has rapidly accumulated over $221K.

$SUBBD Positions Itself as the Next Crypto to Explode

As $ZEREBRO continues to attract attention with a 190% spike in just 24 hours, it’s clear that investors’ appetite for AI-powered crypto projects is on the rise.

$SUBBD rides the heels of $ZEREBRO’s success. With its creator-first platform, built-in AI tools, and decentralized approach to monetization, it taps into some of the hottest segments of the AI crypto market: productivity and content tools.

Plus, the SUBBD Token offers a cheaper entry point in the bustling AI-crypto market. You can buy $SUBBD on presale for a fraction of the price at just $0.055225 (34% less than $ZEREBRO’s $0.07403).

Considering it’s predicted to reach $0.301 by this year’s end (a 445%+ rise compared to its current value), the window of opportunity is wide open.

Keep in mind that this content is for information purposes only and is not investment advice. Always do your homework before making any type of investment – even the best cryptocurrencies are highly volatile and speculative, so never commit more than you can afford to lose.

A consortium led by Brandon Lutnick’s Cantor Equity Partners is preparing one of the most ambitious treasury-style bets on Bitcoin since MicroStrategy first turned its balance sheet into a proxy for the cryptocurrency market. According to a Financial Times report, the special-purpose acquisition company (SPAC) backed by brokerage Cantor Fitzgerald has lined up a combined $3 billion in bitcoin contributions from SoftBank, Tether and Bitfinex to seed a new entity called 21 Capital.

Cantor, SoftBank, and Tether Bet Big On Bitcoin

The deal would mark a dramatic entrance for Brandon Lutnick—newly installed as Cantor Fitzgerald chair after his father, Howard Lutnick, joined the Trump administration as commerce secretary—into the centre of an expected post-election revival in US digital-asset investing. Three people briefed on the plan told the FT that 21 Capital will seek to replicate “the success of MicroStrategy, a one-time software company that surged after pivoting to cryptocurrency investing.”

Cantor Equity Partners raised $200 million in its January IPO. That cash, together with the partners’ Bitcoin, would supply the core treasury of 21 Capital. The breakdown cited in the report allocates $1.5 billion in Bitcoin from Tether, $900 million from SoftBank and $600 million from Bitfinex. A further $350 million convertible bond and $200 million private equity placement are being arranged “to buy additional Bitcoin,” the sources said.

Upon completion, the digital-asset contributions would convert into 21 Capital shares at $10 per share, valuing the transferred Bitcoin at $85,000 per coin. The plan is still fluid. The FT cautions that “the deal was likely to be announced in the coming weeks, it could still fail to materialise, and the numbers could change.”

MicroStrategy’s multiyear bitcoin accumulation has produced a $91 billion market capitalization, and its model—issuing equity and low-coupon debt to finance further purchases—has become a playbook for corporate-treasury adoption of digital assets. Lutnick’s proposed vehicle is the first SPAC expressly designed to mimic that template at scale, and it arrives as the Trump administration signals “a more accommodative stance to cryptocurrency trading.”

Cantor Fitzgerald has already benefited from the new policy climate, having advised on Tether’s $775 million investment in conservative video-sharing platform Rumble. The brokerage is also sponsoring two additional Lutnick-led SPACs that remain in search of targets.

The presence of SoftBank—with “$180 billion in assets, $32 billion in cash, and a massive portfolio of companies,” as BTC Inc. chief executive David Bailey observed—gives the proposed vehicle immediate global heft. Bailey told followers on X, “SoftBank has officially entered the Bitcoin market with an initial $900m acquisition… Masayoshi Son!” Steven Lubka, who runs Swan Private Wealth, posted simply: “Cantor, SoftBank, and Tether launching a BTC acquisition vehicle.”

Market observers have been quick to link the consortium’s emergence to Bitcoin’s recent price action. Tuur Demeester, host of the B Reel podcast and a director at the Texas Bitcoin Foundation, wrote that “this announcement could explain why Bitcoin is up 12% in the past week.”

Jeff Park, head of Alpha Strategies at Bitwise, framed the collaboration in geopolitical terms, calling it “the ultimate ‘exorbitant privilege’ joint venture— a move so wild you can’t begin to fathom how it will supercharge the dollar export machine in a positive feedback loop of the existing global carry system.”

At press time, BTC traded at $93,391.

The XRP open interest right now could be a good pointer for where the price could be headed next, as it has in the past. Looking at the open interest today in comparison to the figures from 2024 before the rally, it remains quite high. Going by historical performance, a high open interest could be quite bearish for the price, leading to a possible price correction from here for XRP.

XRP Open Interest Now Vs. November 2024

According to data from Coinglass, the XRP open interest remains quite high, sitting above $3.3 billion at the time of writing. While this is a long way from its all-time high levels of $7.87 billion reached in January 2025, down to the current $3.35 billion. This means that the XRP open interest has dropped by around 50% since January, so around three months.

In comparison to this, back in November 2024, the XRP open interest was much lower. The data shows that it was still less than $1 billion, sitting at only $706 million when the altcoin was still in its consolidation trend that started back in 2023.

This means that the open interest is currently more than 300% higher than what it was before the November 2024 rally. The thing about the open interest is that the lower it is, the higher the likelihood of a rally is. This is because it doesn’t require as much volume to push up the price if the open interest is low.

The current price is also more than 300% higher than it was back in November 2024, showing a high correlation between open interest and price. At this point, with the XRP market cap much higher, the opportunity for a 600% rally like what was witnessed in Q4 2024 is less likely. However, there is still the possibility of a price increase, especially with market pundits calling for new all-time highs.

When Will The Price Hit All-Time Highs?

With the current market sentiment, it seems that the XRP price is headed for above $3 once again, but still, the all-time high of $3.8 is still almost 100% away. Some analysts have come forward to say when they expect the price to clear new peaks, with some expecting it sooner rather than later.

One crypto analyst has predicted that the XRP price is set to hit new all-time highs this year. Taking it a step further, she posits that the altcoin is set to clear $10, and in the most extreme cases, it could jump above $25 by January 2026.

Oregon’s Attorney General (AG) has listed XRP and 30 other cryptocurrencies as alleged “unregistered securities” in its state-level complaint against Coinbase. The lawsuit follows the Securities and Exchange Commission (SEC)’s decision to drop its case against the crypto exchange, which has led industry figures and investors to call the move an unlawful and “politically motivated” action.

XRP, SOL, And ADA Called ‘Unregistered Securities’

Oregon Attorney General Dan Rayfield filed a complaint against Coinbase on April 18, alleging the US-based crypto exchange had violated the Oregon securities law by facilitating the sale of unregistered cryptocurrencies to the state’s residents.

The court document, filed in in Multnomah County Circuit Court, states that the crypto exchange “has continuously and repeatedly violated the Oregon Securities Law, which ascribes liability to persons ´who [s]ell[] or successfully solicit[] the sale of a security … in violation of the Oregon Securities Law’ (ORS 59.115(1)(a)), as well as to persons who ‘participate[] or materially aid[] in the sale’ (ORS 59.115(3)).”

On Monday, Paradigm’s Vice President of Regulatory Affairs, Justin Slaughter, highlighted that the Oregon AG’s complaint is a “true kitchen sink lawsuit,” covering significantly more tokens than the Securities and Exchange Commission (SEC)’s case.

The lawsuit claims that the crypto exchange offered and sold 31 cryptocurrencies as investment contracts. The list of alleged “unregistered securities” includes AAVE, ADA, ALGO, AMP, APE, ATOM, AVAX, AXS, CHZ, COMP, DASH, DDX, EOS, FIL, FLOW, ICP, LCX, LINK, MATIC, MIR, MKR, NEAR, POWR, RLY, SAND, SOL, UNI, VGX, WLUNA, XRP, and XYO.

Journalist and Podcast host Eleanor Terret noted that Rayfield’s complaint names 18 more cryptocurrencies than the SEC originally named in its case, which listed 13 tokens: SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO.

For context, the SEC sued Coinbase in June 2023, claiming the platform was an unregistered securities exchange. The regulatory agency argued that the exchange operated as an unregistered broker-dealer and illegally sold unregistered securities through its staking program. Nonetheless, the lawsuit was dismissed in February 2025.

Coinbase Slams Oregon AG’s Lawsuit

Coinbase’s Chief Legal Officer (CLO), Paul Grewal, stated that “no matter your asset or project,” the Oregon Attorney General has “accused you of violating securities laws and fleecing your token holders.”

In his Monday post, He added that the exchange had notified around 560,000 of its users in Oregon “about the unlawful action taken in their name.” Last week, Grewal called the lawsuit an “embarrassing waste of Oregon taxpayer dollars.”

Rayfield argues that Coinbase sold high-risk investments without being properly vetted to protect consumers, causing significant losses for Oregonians. Nonetheless, Grewal has criticized the legal action, suggesting the lawsuit is politically motivated after the complaint omitted key details.

Look no further than section 9, where it 1) omits Judge Failla’s order granting interlocutory appeal of the @SECGov case; 2) omits any mention of Judge Torres’ decision in XRP; and 3) bears the stamp of the two private law firms brought on to profit from this suit; 4) labels the Chairman of the SEC as a “crypto lobbyist” and 5) decries the reassignment of Gensler’s lead lawyer to the IT department. Not exactly subtle.

Coinbase’s CLO has also stated that the Attorney General’s office had “made it clear” that they were “literally picking up where the Gary Gensler SEC left off.” Grewal considers that Oregon AG’s “copycat case” is attempting to “resurrect” the Commission’s long-criticized regulatory approach, which was recently dropped.

Notably, the SEC has pivoted from its “regulation by enforcement” strategy to oversee the sector under the crypto-friendly Trump administration. As part of its shift, the regulatory agency has scaled back on its special crypto enforcement unit, closed or paused most of its major litigations, and created the Crypto Task Force to oversee the establishment of a comprehensive regulatory framework.

Gold shone to a record peak yesterday to a little over $3,400 an ounce as investors get jittery about the economy. The increase comes as the US dollar retreats to a three-year low and tensions between large economies rise, especially from the US-China trade front.

Gold Soars As Dollar Weakens And Trade Wars Heat Up

Based on market numbers, gold’s price spike to $3,430 mirrors increasing worry among investors regarding inflation and the world’s economic stability. The precious metal, traditionally regarded as a safe haven in times of uncertainty, has the potential to breach $3,500 in the middle of the year if trends persist, analyst said.

Economist Peter Schiff, an advocate for investments in gold over the years, recently tweeted that the price of the yellow metal could go higher still if interest rates are slashed by the Federal Reserve. According to Schiff, gold’s value will appreciate based on its tangible form and rarity.

Gold jumping above $3,400 is a clear market signal that the Fed needs to raise interest rates. Yet everyone, including Trump, is calling for the Fed to cut them. The Fed will likely ignore gold’s warning and cave to the pressure to cut. That policy mistake will send gold soaring.

— Peter Schiff (@PeterSchiff) April 21, 2025

Numerous investors are removing funds from volatile assets and diverting them towards gold, building up the commodity’s status as a solid form of investment amidst choppy market conditions, according to reports.

Schiff Warns Of Potential Economic Collapse

Schiff has issued a warning regarding the US economy, connecting new tariff proposals to a potential recession. He cautioned investors to brace for a steep market decline, stating that the shares are still overvalued despite recent drops.

He also issued a dire warning that if there is a recession, the United States may experience its worst economic downturn since the Great Depression. He implied that even a 50% market collapse may not accurately represent how bad things might become.

Bitcoin Climbs Despite Ongoing Criticism

As gold makes the headlines, Bitcoin crept up to $86,885, rising by 2.80% as per the data by Coingecko. The digital currency registered a four-week record from recent trading sessions, CoinMarketCap data shows.

A month ago on Mar. 6th, Trump established the Strategic Bitcoin Reserve. So far, the value of the Bitcoin held in that reserve has declined by over 12%. Had the U.S. sold it and added to our gold reserve, not only would we have avoided that loss, but we would now have a 2% gain.

— Peter Schiff (@PeterSchiff) April 7, 2025

Not everybody views the growth of Bitcoin as sustainable. Schiff is very much opposed to the cryptocurrency, shooting down a proposal to include Bitcoin in national reserves after the coin recently fell by 12% in value.

Schiff pointed out that while gold regularly swings between 10-20% a year, Bitcoin regularly varies by more than 50%, and so is too volatile in his opinion.

Some Experts Remain Bullish On Crypto’s Future

Despite the criticism, some market watchers remain positive about Bitcoin’s prospects. Jan3 CEO Samson Mow believes that Bitcoin could reach $1 million much sooner than his previous forecast of 2031.

Adding fuel to the bullish narrative, Strategy, headed by Michael Saylor, recently bought 6,556 Bitcoin for $555 million. The stock of the company has rebounded since the announcement, indicating ongoing institutional faith in cryptocurrency as a potential hedge against inflation.

Meanwhile, ‘Rich Dad Poor Dad’ author Robert Kiyosaki believes Bitcoin could reach between $180,000 and $200,000 this year, citing economic uncertainty and the world’s leading crypto’s fixed supply as supporting factors.

Featured image from Vaulted, chart from TradingView

On-chain data shows Chainlink (LINK) has seen a month of consistent outflows, something that could prove to be bullish for the altcoin’s price.

Chainlink Exchange Netflow Has Been Negative Recently

In a new post on X, the market intelligence platform IntoTheBlock has discussed about the trend in the Exchange Netflow for Chainlink. The “Exchange Netflow” refers to an on-chain metric that keeps track of the net amount of LINK moving into or out of the wallets associated with centralized exchanges.

When the indicator has a positive value, it means the investors are depositing a net number of tokens of the asset into these platforms. As one of the main reasons why holders would transfer their coins to exchanges is for selling-related purposes, this kind of trend can have a bearish implication for the asset’s price.

On the other hand, the metric being under the zero mark suggests the exchange outflows are outweighing the inflows. Generally, investors take their coins away from the custody of these central entities when they want to hold into the long term, so such a trend can have a bullish impact on the cryptocurrency.

Now, here is the chart shared by the analytics firm that shows the trend in the Chainlink Exchange Netflow over the past month:

As displayed in the above graph, the Chainlink Exchange Netflow has been inside the negative region for almost all of the past month, implying the investors have constantly been making net withdrawals.

In total, the exchanges have registered net outflows amounting to $120 million in this period. Given this trend, it’s possible that the investors have been in a phase of accumulation.

During the last few days, LINK has enjoyed some recovery in its price, which could potentially be an effect of this buying activity.  The Exchange Netflow could now be to monitor in the coming days, as where it heads next could also have an influence on the coin.

Naturally, the outflow streak keeping up would be a bullish sign for Chainlink, while the indicator witnessing a reversal into the positive region could mean a bearish end for the recovery run.

Speaking of the price recovery, on-chain data could hint at where the next major resistance wall could lie for LINK, as analyst Ali Martinez has explained in an X post.

From the above chart, it’s visible that the Chainlink investors last purchased a total of 181.42 million LINK inside the $14.32 to $16.43 range. These investors, who are currently underwater, may provide impedance to the price if a retest occurs, as they could be desperate to exit at their break-even.

LINK Price

At the time of writing, Chainlink is trading around $13.74, up over 10% in the last seven days.

Bitcoin continues to exhibit signs of renewed momentum, with the asset reclaiming ground lost during its recent corrective phase. The price of BTC has moved above $89,000, trading at approximately $89,062 at the time of writing, up 2.3% over the past 24 hours.

With the $90,000 mark now within sight, attention has turned to the behavior of various investor cohorts and how their average cost basis could influence upcoming price action.

While traditional chart levels like resistance and support remain important to many traders, a more data-driven view is emerging from on-chain analysis.

Cost Basis Zones Reveals Key Levels To Watch

CryptoQuant contributor Crazzyblockk recently highlighted key cost basis levels across Bitcoin holder segments, offering insights into where major price reactions may be concentrated.

These zones, derived from realized prices across different age groups of Bitcoin holdings, are proving useful in identifying areas of likely support and resistance.

The data focuses on realized prices, the average price at which various groups of holders acquired their Bitcoin, segmented by how long the assets have remained unspent.

According to the analysis, short-term holders, typically defined as those holding BTC for up to 155 days, have an average cost basis of approximately $91,500. This level currently represents a key resistance area, as it indicates the price point at which many recent buyers would begin to move out of loss and into profit.

At the same time, the cost basis for new holders, particularly those in the 1–3 month age band, is estimated around $83,700. This range is acting as a zone of support, given that it reflects the average entry point for recent market participants.

When Bitcoin’s price stays above this threshold, new buyers are more likely to maintain their positions, potentially reducing short-term selling pressure. Conversely, a drop below this level could result in capitulation from newer holders, introducing downside volatility.

Cost Basis Analysis Offers Insight Into Investor Behavior

The methodology behind these observations relies on segmenting Bitcoin’s Unspent Transaction Outputs (UTXOs) based on their age and calculating realized prices for each group.

This allows analysts to determine where clusters of investors may be in profit or at a loss. Crazzyblockk explains that these zones function as dynamic support and resistance levels, not based on technical indicators but on actual market behavior.

Such data-driven metrics help contextualize market moves beyond short-term speculation. If Bitcoin breaks above the short-term holder realized price near $91.500, it could signify a continuation of bullish behavior as more holders re-enter profitability.

On the other hand, a breakdown below the support level around $83.700 may introduce new selling pressure, particularly from participants who entered during the recent rally.

Featured image created with DALL-E, Chart from TradingView

Bitwise Asset Management’s Weekly Crypto Market Compass – opens with a stark assessment: “With political pressure mounting on Powell and the dollar falling, Bitcoin’s outperformance reflects growing structural divergence from risk assets.” That single line distils the essence of the cryptocurrency’s run over the last few days, hitting $88,800 today—its highest print since early March—and frames the narrative around a weakening US dollar, and a distinct shift in investor psychology.

Why Is Bitcoin Price Up?

The note points first to the macro backdrop. A US Dollar Index sliding below 98.5 “amid growing speculation that President Trump may seek to oust Federal Reserve Chair Jerome Powell” has undermined demand for dollar‑denominated stores of value. Bitwise cites National Economic Council Director Kevin Hassett, who told reporters that the administration is “actively exploring” the removal of Powell—language the firm characterises as a public assault on monetary independence that “is beginning to reward sovereign‑free stores of value.”

Against that political theatre, Bitcoin’s statistical profile has become conspicuously defensive. Month‑to‑date the currency is up more than 7%, while the Nasdaq 100 and S&P 500 are both down between 7% and 9%. The report calls the gap “early‑stage decoupling” and illustrates it with a chart in which the orange Bitcoin line bends decisively upward as the two equity indices turn lower.

On‑chain data reinforce the impression that the bid is coming from strategic rather than speculative capital. “Over 63.5% of Bitcoin supply has remained unmoved for at least a year,” the analysts write, adding that long‑term‑holder supply has climbed to a year‑to‑date high of 69%. Exchange balances continue to grind lower; at 2.60 million BTC they are now at a multi‑year low, a trend the desk attributes to “whales removing a further ‑260,455 BTC” during the last weekly interval. These numbers, Bitwise argues, “underscore strong conviction among long‑term holders” even as short‑term traders fade in importance.

Derivatives markets echo that tone. BTC futures open interest expanded by “around +15.8 k BTC” and perpetual open interest by “+10.7 k BTC,” while the three‑month annualised basis widened to 5.7%, up from 5.2% the previous week. Funding rates on perpetual swaps stayed positive, indicating that traders are paying a premium to maintain long exposure. Meanwhile, at‑the‑money implied volatility for one‑month options sits near 49% per annum—a level the firm describes as “modest” in historical context and therefore not suggestive of froth.

Spot‑market flows provide a nuanced but broadly supportive picture. Global crypto ETPs experienced net outflows of roughly $30 million last week, a sharp deceleration from the prior week’s exodus of $835 million. Crucially, US spot Bitcoin ETFs bucked the trend, attracting US $15.8 million in fresh capital. Bitwise’s own BITB took in $23.8 million, while Grayscale’s GBTC registered no change and BlackRock’s IBIT absorbed a healthy $186.5 million.

Notably, $381 million flowed into spot Bitcoin ETFs yesterday. These are record inflows since February. These allocations come on top of corporate treasury demand: Japanese public company Metaplanet added 330 BTC at an average cost of $85,605, lifting its holdings near the $420 million threshold, and Strategy Inc. disclosed the purchase of 6,556 BTC for roughly $556 million.

Not all industry news is benign. The Compass devotes a full page to the mining sector, noting that “hashprice is at all‑time lows” just as the US government prepares tariffs of up to 46% on ASIC rigs imported from Southeast Asia. With an estimated 40% of global hashrate located in the United States, those levies threaten to squeeze a segment already wrestling with thinning profit margins.

Some operators, such as Bitfufu and Bitdeer, are redeploying machines to Ethiopia, Norway and Bhutan; others, including Riot and CleanSpark, moved shipments forward to beat the deadline. The report warns that public companies holding Bitcoin on balance‑sheet “crowd out” miners by offering investors price exposure without operational risk or large capital expenditures.

Yet the firm’s central conclusion is unambiguous: the macro forces that have lifted Bitcoin off its March lows remain intact. “Bitcoin outperformed both the S&P 500 and Nasdaq this month,” the authors remind readers, “as US dollar dominance shows signs of erosion.” Their proprietary Cryptoasset Sentiment Index has shifted from −0.23 to +0.21, its first positive reading in two months, even as breadth remains narrow—only 20% of tracked altcoins beat Bitcoin last week. In Bitwise’s interpretation, concentrated leadership is not a weakness but a sign that “capital is being re‑allocated toward assets perceived as sovereign‑free macro hedges.”

The final paragraph of the Compass captures the firm’s thesis in a phrase that reads like a coda to this week’s price action: “With portfolios globally diversifying away from dollar‑denominated assets, Bitcoin’s positioning as a sovereign‑free macro hedge and emerging store of value is helping it absorb a growing share of institutional allocations.” For now, Bitcoin’s ascendancy is less about momentum or retail enthusiasm than about a crisis of confidence in the monetary regime that underpins the global financial architecture. As that edifice wobbles, Bitwise sees investors reaching for the one asset that, by design, has no central bank at all.

At press time, BTC traded at $88,861.