A Taiwanese legislator has formally presented a proposal to the country’s premier and central bank governor to allocate part of Taiwan’s $602 billion in foreign exchange (FX) reserves into bitcoin. Key Takeaways: Legislator Ko Ju-Chun presented a BPI bitcoin reserve report to Taiwan’s premier and central bank. Taiwan’s $602B FX reserves are over 80% in […]
The XRP leverage ratio is still on a noticeably downward momentum, even with the price holding above the psychological $1.35 mark. For example, the latest XRP Ledger (XRPL) data from CryptoQuant puts the estimated leverage ratio on Binance at approximately 0.152. While slightly higher than the 0.132–0.150 range that marked late March and early April, […]
Bitcoin is trading at $78.3k as the first weekend of May opens. It has done something it has not managed since the cycle peak, which is closing above the 100-day MA and breaking out of a long-term descending channel that contained the entire bearish trend. The move comes alongside strong daily RSI readings, a successful […]
The Dogecoin (DOGE) network has experienced a sharp uptick in on-chain activity of whales, wallets holding at least 100 million units. The pioneer dog-themed memecoin saw its whale activity rise to a 6-month high, according to analytics from Santiment analyzed by Finbold on May 1. Earlier this week, the Dogecoin network recorded 739 DOGE transfers […]
CryptoQuant, a cryptocurrency analysis platform, issued a noteworthy warning in its latest assessment of the Bitcoin market. According to the analysis, despite the recent recovery in Bitcoin price, the fundamental problem is not the price itself, but rather the weakness in spot demand. According to the company’s data, the “apparent demand” metric is still in […]
The Bitcoin (BTC) Rainbow Chart is suggesting that the cryptocurrency could trade between roughly $59,136 and $491,369 by May 31, 2026, depending on market sentiment and the strength of the cycle. Notably, the chart is a logarithmic Bitcoin valuation model that uses colored bands to reflect market sentiment, from undervaluation to bubble territory, based on […]
Benjamin Cowen, one of the most respected technical analysis experts in the cryptocurrency world, painted a pessimistic but target=”_blank” rel=”dofollow”> Related News Satoshi Nakamoto Candidate Speaks About a $1 Million Price Target for Bitcoin by 2028 Cowen, arguing that historical four-year cycles remain unbroken, reminded that Bitcoin typically bottoms out about a year after peaking. […]
As XRP continues to face increased consolidation, technical indicators suggest that the asset is approaching a critical setup that could trigger a sharp price move. In this context, the consolidation is occurring within a symmetrical triangle pattern that shows XRP compressing between descending resistance around $1.45 and rising support near $1.35. According to insights shared […]
BitMEX co-founder and Maelstrom executive Arthur Hayes made striking predictions about the future of the cryptocurrency market in a recent broadcast. Hayes indicated a seven-figure peak for Bitcoin in this cycle, while also sharing strategic changes to his portfolio. Hayes painted a very bullish picture, stating that Bitcoin could reach $1 million in this market […]
Cryptocurrency analytics company The DeFi Report has published a comprehensive assessment of the current state of Bitcoin and the overall cryptocurrency market. The analysis, titled “Crypto Has a Perfect Bullish Setup… So Why Isn’t It Exploding?”, examines the contradiction between the bullish expectations in the market and price movements. The cryptocurrency market is experiencing one […]