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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.

Bitcoin (BTC) may be poised to surge to new all-time highs (ATH) as concerns grow over the independence of the US Federal Reserve. Notably, US President Donald Trump and his team are reportedly exploring whether they can legally remove Fed Chair Jerome Powell before his term expires in May 2026.

Is Bitcoin Heading To New Record Highs?

BTC crossed the $90,000 mark for the first time since March, driven by mounting macroeconomic uncertainty and fresh tariff-related concerns. Heightening the tension is Trump’s pressure campaign against Powell, warning that the US economy could slow down unless interest rates are cut.

Meanwhile, Powell remains committed to a data-driven approach in line with the Fed’s dual mandate – to control inflation and ensure maximum employment – showing no urgency to slash rates.

Inflation fears have resurfaced following Trump’s announcement of potential reciprocal tariffs on countries worldwide. Such tariffs could reignite inflation, pushing up the prices of goods and services in the short to medium term.

Although Trump recently claimed that there is “virtually no inflation” in the US, he also warned of a potential economic downturn if interest rates are not cut. Interestingly, Trump had appointed Powell as Fed Chair during his first presidential term in 2016.

In a note shared today, Standard Chartered’s Head of Digital Assets, Geoff Kendrick, warned that Trump’s rhetoric could undermine the Fed’s independence – an outcome that may benefit Bitcoin.

The Standard Chartered executive added that BTC “is a hedge against risks to the existing financial system due to its decentralized ledger.” Kendrick added:

The yield premium investors are demanding to buy long-dated Treasuries versus short-dated ones has risen sharply and this is benefiting bitcoin.

Recent data shows the 10-year Treasury yield rising two basis points to 4.425%. A sudden spike in long-term Treasury yields is considered bearish as it reflects rising borrowing costs and tighter financial conditions – factors that can weigh on economic growth and dampen risk appetite.

It is worth noting that earlier this year, Standard Chartered had predicted that BTC may reach as high as $200,000 by the end of 2025. BTC’s current ATH sits at $108,786 recorded earlier this year on January 20.

Technicals Point Toward Bitcoin Rally

While Bitcoin may benefit from uncertainty around the US Fed’s autonomy, technical indicators also point toward a potential rally for the flagship cryptocurrency. For instance, the TD Sequential recently flashed a buy signal on the BTC weekly chart.

Meanwhile, large-scale investors – commonly known as Bitcoin whales – don’t appear concerned by tariff-related panic. On-chain data shows continued BTC accumulation by these sophisticated players.

At the same time, Bitcoin’s network fundamentals are growing stronger. Its hashrate recently reached a new all-time high, underscoring the network’s resilience and security.

Adding to the optimism, crypto analyst Master of Crypto recently suggested that BTC may be mirroring gold’s historical “power curve” – with potential to reach as high as $450,000 by the end of 2025. At press time, BTC trades at $90,957, up 3.3% in the last 24 hours.

The Dogecoin price is currently struggling to break above the $0.15 level, providing a bearish sentiment for the leading meme coin. Amid the price struggle, this machine learning algorithm has revealed what to expect from DOGE as April draws to a close. 

Machine Learning Reveals What’s Next As Dogecoin Price Struggles With The $0.15 Level

Coincodex’s machine learning algorithm has revealed that the Dogecoin price is set to trade within this $0.15 range for the remainder of April. Based on the prediction, DOGE could drop below $0.15 on April 24 but quickly reclaim the $0.15 level the next day. Meanwhile, the leading meme coin could successfully break above $0.15 on April 29, as it surges to $0.163. 

The machine learning algorithm also predicts that the Dogecoin price will further rally to $0.166 by April 30, before the month ends. However, that means that DOGE is still likely to close this month in the red. May is expected to be a better month for the leading meme coin based on Coincodex’s prediction. 

The algorithm predicts that the Dogecoin price could rally to as high as $0.192 in May, representing a gain of over 19% from the meme coin’s current price level. A rally to $0.19 could pave the way for DOGE to reach the psychological $0.2 level, with a break above this level likely to confirm the bullish momentum. 

Historical data also supports May being a bullish month for the Dogecoin price. Cryptorank data shows that DOGE boasts an average gain of 23% in May. The leading meme coin recorded a 19% gain in May last year, while it also rallied over 200% in May 2017, which coincided with a bull run. 

DOGE Could Quickly Rally To $0.26

In an X post, crypto analyst Kevin Capital stated that if the Bitcoin price breaks above $89,000 and shows conviction upwards, he believes that the Dogecoin price will reclaim $0.26 relatively quickly. The analyst further remarked that BTC holds the cards, as always, especially with its dominance continuing to rise and monetary policy remaining tight. 

Crypto analyst Trader Tardigrade also provided a bullish outlook for the Dogecoin price. In an X post, he revealed that DOGE is breaking out of a 4-month trendline on the daily chart since January 2025. His accompanying chart showed that the leading meme coin could rally to as high as $0.56, surpassing its current local high of around $0.46, which it reached in December last year. Once DOGE reaches this level, it could then set its sights on its current ATH. 

At the time of writing, the Dogecoin price is trading at around $0.16, down in the last 24 hours, according to data from CoinMarketCap.

Ethereum‘s price continues to display notable weakness and volatility, recording bearish monthly performances in the past few months. Despite the prolonged waning price movements, the network has experienced an uptick in activity, with investors significantly flocking to the blockchain.

Surge In Ethereum New Adoption Rate

Even though Ethereum’s price has faced notable bearish pressure, the network is witnessing a fresh wave of adoption. In a recent X post, world-leading market intelligence and on-chain data platform IntoTheBlock revealed a sharp uptick in ETH’s new users adoption rate.

According to data from the on-chain platform, Ethereum’s new user adoption rate rose to 40% last week, a clear sign of participant growth. This advancement comes amid a broader market realignment, signaling a resurgence of interest in Ethereum’s underlying technology and real-world utility. 

Such an uptick in new user adoption signals robust interest in the ETH network from first-time users. Considering the current market environment, this demonstrates growing interest that goes beyond speculation.

With an inflow of first-time users adopting the network at a rapid rate, this growth might pave the way for ETH’s price trajectory. It could spark increased demand for the altcoin, allowing it to gain more traction in the short term, and move toward the upside.

Recent news regarding Ethereum’s upgrade from its founder, Vitalik Buterin, has also triggered renewed optimism among institutional and retail players about the altcoin’s long-term potential.

On Sunday, Vitalik Buterin proposed a RISC-V upgrade to replace the Ethereum Virtual Machine (EVM) protocol, a development believed to influence ETH’s price and spark a huge rally to new all-time highs. The upgrade is set to modernize the network’s execution layer, targeting better scalability and lower costs.

Furthermore, it will address performance issues and lessen the difficulties faced by developers when utilizing the network. It is believed to future-proof the network and keep it at the forefront of smart contracts.

With this upcoming upgrade, Ethereum could be set to enter a new era of bullish performance. Many crypto analysts like Ash Crypto stated that the upgrade may finally serve as a springboard for the $10,000 target in the long term.

ETH’s $10,000 Possibility Increase

Market expert and investor Trader Tardigrade’s recent analysis has offered another view into ETH’s current price action, highlighting a potentially massive leg-up in the upcoming months. While the altcoin has lagged behind its competitors, the expert revealed that the correction is part of a larger trend toward a new all-time high.

After examining past trends, Trader Tardigrade predicts that ETH’s price is set to hit $10,000 this cycle, debunking the trend into 3 phases. Phase A represents a markdown phase, Phase B represents a recovery phase with a breakout to the trendline, followed by a retest on the same trendline, and Phase C represents the mark-up phase, where prices explode. 

Currently, ETH has entered phase C, which he believes will lead to the most aggressive uptrend since 2022. At the end of phase C, the altcoin’s price is expected to hit the $10,000 level.

Bitcoin is waking up after weeks of consolidation and is now testing critical resistance levels, showing signs of renewed strength just as equities continue to tumble. Global tensions, driven by fears of an escalating trade war between the U.S. and China, are reshaping the financial landscape. Amid this volatility, Bitcoin appears to be changing its behavior, rising even as the US stock market weakens. This divergence has caught the attention of analysts and investors alike.

Bulls are growing increasingly optimistic, expecting a strong surge as selling pressure begins to fade and the market adjusts to the new macroeconomic environment. One of the most promising signals comes from crypto analyst Axel Adler, who shared that new investors have begun entering the market. According to Adler, the metric tracking this trend over the past 10 days has flashed a Buy signal.

If history is any indication, this could be a major inflection point for Bitcoin. All eyes are now on BTC to see whether this early momentum can turn into a full recovery.

Bitcoin Reclaims $88K As New Investors Enter

Bitcoin is once again in the spotlight after reclaiming the $88,000 level earlier today, breaking above short-term highs and signaling renewed interest from bulls. While this move injects optimism into a market battered by uncertainty, it still falls short of confirming a full bullish reversal. To do that, BTC needs to reclaim higher resistance levels and prove its strength above $90,000. Until then, the battle between bulls and bears remains very much alive.

The backdrop to this surge is a complex one. Global financial markets continue to wobble as trade tensions between the US and China intensify. With tariffs rising and diplomatic rhetoric heating up, investors are searching for safe havens—or, in Bitcoin’s case, speculative hedges that can thrive in periods of macro instability.

Adding to the bullish narrative, Axel Adler shared compelling data showing that new investors have started entering the market. The metric tracking newcomer behavior has flashed a Buy signal for the past 10 days. Similar patterns were seen during key past corrections—after China’s 2021 mining ban and again during the $65K market cooldown—both of which preceded significant recoveries.

Adler also pointed out that amid President Trump’s aggressive calls for rate cuts and rising pressure on Fed Chair Jerome Powell, buying into risk assets like Bitcoin may now appear increasingly rational. As the macroeconomic story continues to evolve, Bitcoin’s performance in the coming days could serve as a bellwether for broader investor sentiment—and perhaps the next chapter in this market cycle.

Price Action Details: Key Levels To Watch

Bitcoin is currently trading just below a critical resistance zone, attempting to set a clean breakout above the 200-day Simple Moving Average (SMA) around $88,400. After reclaiming the $87K level, bulls are now trying to tag $89K in what could become a pivotal move for short-term momentum. A successful push above this level—and especially a reclaim of $90K—would serve as a strong confirmation of a bullish breakout and the start of a broader recovery rally.

However, investor sentiment remains cautious. Macroeconomic uncertainty, driven by global trade tensions and weak performance in traditional markets, continues to weigh on risk assets. Many traders still expect further declines, making this resistance area especially critical for Bitcoin’s direction.

If BTC fails to break through $89K in the coming sessions, a drop back below the 200-day SMA could signal weakness and potentially trigger another leg down. In that case, Bitcoin could retest the $85K or even $82K levels as bulls regroup. For now, the market watches closely—BTC is at a make-or-break level, and the next few days may set the tone for the remainder of the quarter.

Featured image from Dall-E, chart from TradingView 

Bitcoin is now testing a crucial resistance level as bulls attempt to reclaim momentum and print a higher high on the daily chart. After months of sustained pressure, BTC appears to have found support, offering the potential for a decisive trend reversal. Since peaking in January, Bitcoin has been stuck in a persistent downtrend, with lower highs and weakening bullish conviction. Now, with price pressing against key resistance, all eyes are on whether bulls can deliver a breakout and change the narrative.

However, caution is warranted. According to fresh insights from CryptoQuant, the market is currently experiencing the largest 24-hour Open Interest increase seen in quite some time. While this surge reflects growing trader participation, it also signals a rise in speculative positions, particularly in the derivatives market. Historically, such rapid increases in Open Interest, especially when tied to aggressive long positions, can precede short-term corrections or failed rallies.

Whether Bitcoin can sustain its current strength or if this move will be met with sharp rejection remains to be seen; it depends on spot demand. What’s clear is that the next few days will be critical in determining whether BTC breaks free from its downtrend — or remains stuck in limbo.

Bitcoin Faces Resistance as Derivatives Pump Fuels Cautious Optimism

Amid ongoing global tensions and persistent market uncertainty, Bitcoin is holding steady and showing signs of resilience. Analysts are beginning to see potential for a rebound in the coming months, as price action shifts toward bullish speculation. Following a period of tight consolidation last week, BTC is now pressing against critical resistance, and this week may prove decisive in determining the asset’s next major move.

Bulls are gaining traction as selling pressure appears to be fading, allowing the market to start pricing in broader macroeconomic developments. However, not all indicators point to a clean breakout. According to CryptoQuant analyst Darkfost, Bitcoin is currently experiencing the largest 24-hour Open Interest (OI) increase in quite some time. Historically, such spikes in OI — driven largely by derivatives activity — have been warning signals for short-lived rallies.

The most notable OI increases during the observed period were around 15–16%, recorded during the strong bullish momentum in November and December 2024. At that time, aggressive derivatives trading was backed by strength in the spot market. Today, the story is different. While OI is rising sharply, price has only moved 4.2% — compared to 10% and 7% surges in similar past setups.

This divergence suggests that although momentum is building, selling pressure remains substantial. Bulls will need to reclaim the $90K level and sustain a breakout above key resistance to confirm a true reversal. Until then, Bitcoin’s path remains cautious — with high leverage activity hinting at volatility ahead.

BTC Tests Key Breakout Zone At $88K

Bitcoin is currently trading around $88,000 after setting a fresh 4-hour high near $88,870, marking a strong continuation from last week’s upward momentum. Bulls are gaining ground as BTC climbs toward a key resistance zone, but the real test lies ahead. To confirm a breakout and initiate a sustained recovery rally, Bitcoin must close decisively above the $90,000 level.

So far, the price action reflects growing buyer interest, but holding above $88,000 is critical to maintaining short-term strength. This level now serves as immediate demand and must be defended to avoid a reversal. A rejection from this zone could lead to a retest of the $85,000 support area, potentially forming a higher low if bullish structure holds.

Traders are closely watching for a clean breakout above $90K, which would likely trigger further upside and a shift in sentiment. However, any weakness or failure to hold current gains may invite profit-taking or new short positions. With global macro uncertainty and derivative-driven activity increasing, BTC remains in a pivotal zone where momentum could accelerate — in either direction — in the coming days.

Featured image from Dall-E, chart from TradingView 

The general crypto market has begun to experience bullish movements, and Bitcoin, the largest digital asset, surged briefly from $84,000 to the $88,400 threshold. As BTC’s price undergoes a slight uptick, several areas of its market dynamics saw a notable increase, such as the Open Interest (OI).

A Rebound In Bitcoin’s Open Interest

Bitcoin’s market sentiment seems to be shifting toward a positive outlook as the crypto market slowly rebounds. In an encouraging report from Ali Martinez, a technical and on-chain expert, Bitcoin’s Open Interest across major crypto platforms has seen a sharp uptick.

With BTC’s open interest rising alongside the market growth, the advancement signals a wave of fresh optimism among large and small-scale investors. This increase in Open Interest, which is sometimes seen as a crucial marker of speculative activity, implies that traders are getting more active and placing bets on big price moves in the future.

Data shows that the open interest witnessed a surge of about $3.2 billion, bringing its overall value to over $30.5 billion. Ali Martinez stated that this substantial growth occurred just within 24 hours as prices spiked to the $87,000 threshold.

Prior to Monday’s upswing, BTC’s open interest was about $27.2 billion by Sunday, reflecting an over 10% increase over a 24-hour time frame. As BTC continues to stabilize near crucial resistance levels, the growing open interest may impact BTC’s price, triggering an extension of the ongoing upward trend.

When this happens, more investors and traders are likely to engage the flagship asset as they position themselves for what might be the next significant step in its price trajectory. This is because such notable growth in on-chain activity can be a turning point for Bitcoin.

Profits For Long-Term BTC Holders Grow

BTC’s recent upward trend has resulted in significant profit for long-term holders or whales in the past few days. At the $84,882 price level, Ali Martinez highlighted that the long-term holders realized close to $155 million in profits. Should the upward trend continue, these whale holders can be looking at a massive profit in the near term, especially if the asset revisits key levels such as the $100,000 mark or its current all-time high. 

Reports from Darkfost, a market expert, reveal that these investors are already realizing about 85% in profit as the Long-Term Holders Spent Output Profit Ratio (SOPR) metric hovers around the 1.85 level. However, the expert has warned investors to be prepared for all scenarios and be willing to reduce losses if necessary or take modest profits if conditions deteriorate. 

At the time of writing, Bitcoin was trading at $87,117, demonstrating a nearly 3% increase in the past day and an almost 4% rise in the past week. Investors’ sentiment has massively improved alongside the price growth. CoinMarketCap data shows an uptick in trading volume by more than 181% in the past day.

Circle’s decision to unveil the Circle Payments Network (CPN) on 21 April has set the stage for the first head‑to‑head contest between a fully reserved stable‑asset rail and Ripple’s decade‑old Ripple Payments (formerly On-Demand Liquidity – ODL) product.

Circle Enters Payments Arena

Announced in a post on X, Circle describes CPN as “a streamlined way for financial institutions to connect, orchestrating global money movement, powered by stablecoins like USDC and EURC for 24/7 real‑time settlement.” The company promises programmability, constant availability and “internet‑speed” settlement for four initial verticals—invoice settlement, remittances, treasury flows and payroll—while signalling that over twenty institutions have already joined as design partners.

Although Circle has long issued the second‑largest dollar stablecoin, until now it had refrained from owning the payment rail itself. CPN changes that calculus. According to the newly released white paper, CPN is “a new protocol layer in a comprehensive, open and internet‑based settlement system—with USDC, EURC, and eventually other regulated payment stablecoins at its core.”

The governance stack places Circle in the role of operator, standard‑setter and compliance gatekeeper, requiring every participating entity—termed a “Participating Financial Institution,” or PFI—to satisfy stringent licencing and AML/CFT criteria before accessing the network.

At a technical level the network begins life as an off‑chain orchestration layer that broadcasts signed transfers to public blockchains, but it is already mapped to migrate into a smart‑contract protocol with optional “undo” windows and on‑chain FX routing. In its final form, stablecoin swaps, liquidity discovery and settlement guarantees are envisaged to occur entirely on‑chain, while confidentiality features allow counterparties to mark transactions as private and expose them selectively to regulators or auditors.

For banks, payment processors and virtual‑asset service providers the commercial draw is explicit. CPN levies three charges—payout fees, FX spreads and a variable network fee—and pledges to reinvest a part of the revenue into infrastructure upgrades and developer grants, thereby seeding a marketplace of value‑added modules from custody to fraud analytics. Circle argues that this model “aligns incentives across network members, end users, builders, and service providers to encourage network growth and sustainability.”

Circle Vs Ripple

The competitive overlap with Ripple is immediate and visible. Of the first‑wave partners—Alfred, BVNK, CoinMENA, Coinsph, dLocal, FOMO Pay, Onafriq, WorldRemit, Yellowcard and others—several are also Ripple Payment corridors.

That duplication was not lost on Panos Mekras, co-founder of Anodos Finance, who told followers: “Ok, this is big. Circle just launched a direct Ripple competitor… Game is on.” Community member Xoom echoed the sentiment: “Competition results in more growth & innovation.”

Ian Lee, co‑founder of Syndicate DAO, offered the sharper strategic take: “This is going after what Ripple and XRP were supposed to, but with stablecoins. Has a much better chance at being adopted since it is more compatible with existing financial institutions’ business models.”

Community member xoom (@Mr_Xoom) commented: “This is huge. Circle just announced CPN, a competitor to Ripple payments (aka ODL). Will be fun to see the competition. Competition results in more growth & innovation.”

At press time, XRP traded at $2.09.

A recent report by Fortune highlights President Donald Trump’s inauguration week as the most extravagant in history, fueled by an unprecedented $239 million in donations from corporate backers and executives, including key crypto players like Ripple Labs. 

Pilgrim’s Pride Tops Donations At $5 Million, Followed By Ripple

Among the contributors, the cryptocurrency sector emerged as a significant force, channeling approximately $18 million to support Trump, showcasing the industry’s robust backing for his presidency.

Leading the pack of crypto donations was Ripple Labs. The blockchain payment company reportedly contributed nearly $4.9 million, making it the second-largest donor overall, just behind Pilgrim’s Pride, which donated $5 million. 

Other notable contributors from the crypto realm included Robinhood, the online brokerage that generates substantial revenue from crypto trading, which donated $2 million. 

Additionally, major exchanges such as Coinbase, Kraken, and Crypto.com, along with stablecoin issuer Circle and venture capital firm Paradigm, each donated $1 million, further solidifying the crypto industry’s influence in the political arena.

Trump’s Crypto-Friendly Agenda

The political climate took a sharp turn under President Joe Biden, whose administration has been characterized by a comprehensive crackdown on the crypto industry. 

The SEC has alleged that many cryptocurrencies qualify as securities, subjecting them to stringent regulatory requirements. This intensified scrutiny has prompted crypto executives to mobilize considerable resources, spending over $130 million to influence congressional elections and advocate for pro-crypto candidates.

In contrast, the crypto sector found a staunch ally in Trump, who proclaimed himself a “pro-crypto president.” Notable figures in the industry, including Tyler and Cameron Winklevoss, co-founders of the Gemini exchange, each pledged $1 million to Trump’s reelection campaign. 

Kraken’s co-founder and chairman, Jesse Powell, also contributed $1 million, reflecting the industry’s concerted effort to support a candidate perceived as favorable to their interests.

Following Trump’s election victory, the administration embraced a crypto-friendly approach. Trump appointed an “AI and crypto czar,” initiated the establishment of a strategic Bitcoin and digital assets reserve, and effectively diminished the regulatory enforcement capabilities of key agencies, including the SEC and the Commodity Futures Trading Commission (CFTC). 

Notably, the SEC has since dropped lawsuits against several donors to Trump’s inauguration fund, including prominent names like Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, and Ripple.

At the time of writing, Ripple-backed token XRP, trades at $2.0835, key support for the cryptocurrency’s future price movements after a sharp drop toward $1.61 on April 7.

However, on a monthly basis, XRP is down nearly 13% as Trump’s tariff policy has taken a notable toll on risk assets and broader crypto prices.

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

Sentiment around the Dogecoin price is still surprisingly bullish despite having dropped by more than 60% over the last few months. This is strengthened by the fact that investors still believe that the crypto bull market is far from over. With the recent rise in the Dogecoin price, the expectations that the meme coin is heading for a new all-time high are still very well intact. In fact, one crypto analyst has maintained that the Dogecoin price is headed for double digits, using the cyclical Bitcoin patterns to back up the forecast.

Dogecoin Price Follows The Bitcoin 4-Year Cycle

In the analysis posted on X (formerly Twitter), crypto analyst Dima Potts predicts that it is possible for the Dogecoin price to reach $10 this cycle. He points to the Bitcoin 4-year cyclical pattern as backing this up, especially given how Dogecoin has performed compared to Bitcoin over the past few bull markets.

For one, the crypto analyst explained that the Bitcoin price takes around 1,064 days to reach a top from each cycle peak. In contrast, the cryptocurrency bottoms every 1,428 days as well. This helps to track a 4-year cycle that has been consistent so far for over a decade. Additionally, the crypto analyst points out that the Bitcoin price usually peaks around 364 days before it reaches the next cycle low.

Given this rather consistent timeline, the crypto analyst believes that there is no reason for this cycle to be any different. And if the 4-year cycle does hold, it bodes well for the Dogecoin price, given that it has consistently outperformed Bitcoin in every cycle.

One interesting tidbit from the analyst’s post is the fact that the Dogecoin price tends to peak after the Bitcoin price has peaked. More specifically, Potts explained that the Dogecoin price tends to peak around 3 weeks after the Bitcoin price.

Since the expectation is that the Bitcoin and crypto bull market has not ended yet, then there is still a long way to go for Bitcoin. From the analyst’s chart, the BTC price is expected to reach $230,000 if it sticks to the 4-year cycle. A possible timeline for this peak is placed in early October 2025. This means that Bitcoin could still double from here if this forecast plays out.

Using historical performance, the Dogecoin price will then top out around late October, according to the analyst. More specifically, the week of October 27, 2025. This move would put DOGE above $1, even if the $10 mark does not materialize this cycle.

“Dogecoin has consistently outperformed Bitcoin in every cycle since its inception, and there’s no reason to believe this time will be any different,” the analyst said. “Patience is your ultimate edge.”

It’s a bright time for Solana, the world’s third-largest crypto.

Just yesterday, Nasdaq-listed Upexi earmarked 95% of its $100M capital raise to establish a Solana treasury reserve.

Also, ARK (an American investment management firm) has integrated Solana staking into two of its crypto ETFs: ARKF and ARKW.

Both moves point to Solana taking its place as an institutional-backed powerhouse. And as demand increases, could Solaxy be the answer for enhanced network performance?

As Solana Gains Ground with Wall Street, Solaxy Scales the Chain

Reinforcing Solana’s upward trajectory, Upexi’s shares jumped 335% after announcing that a sizable portion of its funds would be held as a Solana treasury reserve.

ARK’s ETFs, on the other hand, invested $5.2M to purchase 500K shares of 3iQ’s Solana Staking ETF (SOLQ) for Solana staking exposure. By doing so, they’re the first US-listed ETFs to add Solana to their portfolios.

Hot on the heels of the headlines, Solana’s 24-hour trading volume is up by nearly 20%.

These are all significant indicators of a positive Solana outlook.

Despite this, the network might not be ready to handle the growing demand – but this is where Solaxy comes in.

Solaxy Addresses Solana’s Congestion and Scalability Woes

Solaxy is the first Solana Layer 2, the obvious solution to the network’s congestion and scalability challenges.

Despite Solana’s reputation for speed, handling up to 65K tps, and far surpassing Ethereum’s 30 tps capacity, its popularity has led to congestion and some slowdowns.

As a Layer 2 blockchain, Solaxy will process transactions off-chain, but settle them on Solana’s main net. This will boost transaction speed and reduce fees.

As an Ethereum-based token, it’ll bridge Solana’s speed with Ethereum’s liquidity. This will help facilitate seamless asset transfers between the two major blockchains.

It’s good news for dApp developers and traders of the best meme coins, and could set Solana up to once again be home to the next crypto to explode.

To harness the power of the upcoming Solana L2, you must buy $SOLX, the project’s native token. It’s already accumulated over $31M on presale, which signals strong confidence in light of increased Solana demand.

Also attracting attention to the presale is the passive income potential in staking $SOLX, currently at a 130% APY. Indeed, a generous 25% of its total token supply is set aside for such rewards.

An additional 30% of the overall token supply is allocated for development, highlighting the project’s dedication to innovative, sustainable growth.

Solana Treasury Reserve & ETFs Boost Solaxy’s Outlook

As institutional momentum surrounding Solana grows, Solaxy could gain significant traction.

Its L2 scaling solution, cross-chain capabilities, and generous staking incentives could attract the investment needed to build the solution to double Solana’s efficiency.

The groundwork has already been laid, and the presale is live and on fire.

You can get $SOLX on presale for just $0.001702, but the price increases tomorrow

Now could be a prime opportunity to jump in. Once the L2 is deployed sometime this year, our Solaxy Price Predictions have it reaching $0.032 (a 3,100% spike compared to its initial $0.001 presale price!).

Even so, this isn’t investment advice. Always DYOR before making any token investments. Crypto prices can fall as quickly as they jump after being listed on the best DEXs and CEXs.

Circle, the company behind the $USDC stablecoin, just announced a new payments and remittance network aimed at turning crypto into a seamless, bank-friendly financial layer.

Meanwhile, BitGo and other major players are preparing to apply for actual banking licenses.

Yes, you read that right – crypto firms may soon operate like real banks, complete with access to Fed payment systems and even FDIC insurance. It’s a massive step toward mainstream legitimacy.

And guess what? That kind of regulatory clarity and infrastructure could pump serious capital into altcoins with real-world utility. In this article, we’ll discuss three of the best altcoins that might be first in line for that boost.

Circle and BitGo Want to Be Banks – Here’s Why That’s a Big Deal

Circle isn’t just launching another blockchain product – it’s building a full-blown payments and remittance network (CPN) to rival traditional financial infrastructure.

The goal? Make it easier for businesses and individuals to send money around the world using stablecoins like $USDC, without touching the sluggish, expensive systems most banks rely on.

Think of it as PayPal meets blockchain, but with the muscle of a regulated fintech giant behind it.

At the same time, Circle and BitGo are exploring something even more radical: becoming banks themselves.

These firms are reportedly in the process of applying for bank charters, which would allow them to connect directly to the U.S. financial system.

That includes tapping into Federal Reserve payment rails, gaining access to FDIC protections, and operating with the kind of regulatory legitimacy typically reserved for traditional banks.

If they succeed, it could be a game-changer – bringing in institutional capital, boosting investor confidence, and accelerating interest in crypto projects that offer real financial utility.

1. BTC Bull Token ($BTCBULL) – The First Meme Coin That Pays You in Real Bitcoin

BTC Bull Token ($BTCBULL) isn’t just a meme coin with a funny name – it’s a tribute to Bitcoin’s epic journey to $1M, and it actually lets you profit from the ride.

Built for believers in Bitcoin’s long-term rise, $BTCBULL is a community-powered token that rewards holders with real $BTC as Bitcoin hits key milestones – like $150K, and $200K. Not many meme coins can say that. Actually, none really can.

Here’s how it works: buy $BTCBULL during its presale and store it in Best Wallet, and you’ll be eligible for automatic Bitcoin airdrops every time $BTC smashes through a new price level.

No complicated wallets, no fiddling with BRC-20 tokens – just connect your Best Wallet and you’re in. It’s meme coin simplicity meets blue-chip rewards.

$BTCBULL also has a deflationary twist.

Every time Bitcoin crosses a price milestone like $125K, $175K, and $225K $BTCBULL tokens are burned, reducing supply and theoretically boosting value.

That makes it one of the few meme tokens out there that balances community fun with economic fundamentals.

With $4.8M already raised and a presale price of just $0.002475, analysts predict it could hit as high as $0.00835 in 2025 – and up to $0.046 by 2030. That’s real upside, powered by the world’s strongest crypto narrative.

2. Best Wallet Token ($BEST) – Your Key to Early Access, Lower Fees, and Bigger Rewards

Best Wallet Token ($BEST) is a new crypto project that’s quickly becoming the engine behind one of crypto’s most ambitious ecosystems, unlocking real utility and exclusive perks across DeFi, presales, and iGaming.

Right now, you can buy $BEST for $0.024825 in presale.

With $11.7M already raised, $BEST is the utility token powering the Best Wallet ecosystem – a sleek, self-custody wallet packed with features designed to make Web3 easier, safer, and more rewarding.

So what makes it special?

First off, Best Wallet isn’t just about storing your crypto. It’s a secure, user-friendly hub built with Fireblocks’ institutional-grade MPC-CMP technology, meaning your private keys are ultra-secure.

Inside the Best Wallet app, you can participate in presales through the ‘Upcoming Tokens’ tool – a marketplace that also acts like a security shield designed to protect users from fake websites and risky transactions.

Holding $BEST unlocks a range of benefits: reduced transaction fees, early access to new launches, higher staking rewards, and even iGaming perks like free spins, deposit bonuses, and lootbox access.

It’s not just a wallet ecosystem – it’s a crypto lifestyle companion. With over 60k followers on X and 50% monthly user growth, momentum is clearly building.

Analysts forecast a $BEST price between $0.036 and $0.072 in 2025, with long-term projections as high as $0.82 by 2030.

3. Kaanch Network ($KNCH) – The Backbone of a Smarter, Scalable Web3

Kaanch Network ($KNCH) is a next-generation Layer 1 blockchain built from the ground up to support the evolving demands of Web3.

With a current presale price of $0.16 per token and over $849K already raised, $KNCH is gaining traction among early adopters looking for real infrastructure plays – not just hype.

At its core, Kaanch Network is focused on solving three key issues that have long plagued the blockchain space: scalability, interoperability, and developer usability.

It offers a developer-friendly environment with tools for building dApps, integrating DeFi, and powering NFT ecosystems. Its architecture is designed for high throughput and low latency, making it suitable for large-scale applications.

The project also emphasizes community governance and long-term sustainability.

$KNCH holders will have the ability to stake tokens for rewards and vote on key protocol upgrades, ensuring the network remains decentralized and adaptive.

If you’re betting on the next wave of decentralized applications, this is a project to watch.

Analysts forecast its price could climb from $0.045–$0.16 in 2025 to as high as $0.50 by 2030. With utility baked into its design and a solid presale launchpad, $KNCH is laying the foundation for the Web3 infrastructure of tomorrow.

Banking-Backed Crypto Is Coming – These 3 Altcoins Could Lead the Charge

As crypto firms move closer to securing banking licenses, the line between traditional finance and decentralized tech continues to blur.

Altcoins like $BTCBULL, $BEST, and $KNCH are not just riding the wave – they’re building for the future. With real-world utility and forward-thinking infrastructure, they’re well-positioned to thrive in a more regulated, capital-rich crypto era.

Don’t forget to always do your own research (DYOR) before investing, as this article is for informational purposes only and doesn’t constitute financial advice.

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.

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

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.