When Is A Good Time To Enter Dogecoin? Analyst Says Wait For This To Happen | Bitcoinist.com
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin is again rallying to the upside, sparking bullish sentiments towards the leading meme coin. With bulls looking to take advantage of this rally, crypto analyst Kiu has provided insights into what market participants should look out for before jumping on the DOGE rally. What To Look Out For As Dogecoin Rallies To The Upside In a TradingView post, Kiu told market participants to look for a clear breakout and at least two 4-hour candles closing above the resistance line around $0.19460. He remarked that if the Dogecoin price then retests that line as new support, it is a good spot to enter a long position. The analyst advised that a stop loss be put around the current low at $0.12500. Kiu outlined this plan while also commenting on Dogecoin’s current price action. He noted that the price is currently breaking above the descending channel, which forms the falling wedge resistance line. The analyst claimed this was a bullish signal but told market participants to pay close attention to the next key resistance area, around $0.19460. This area aligns with the previous high and the red resistance zone. Source: Kiu on Tradingview Meanwhile, the crypto analyst stated that the top of the wedge is the target for this projected rally since it also aligns with a heavy resistance zone. His accompanying chart showed that $0.45143 is the target, a price level that also represents a local high for Dogecoin. DOGE rallied to that level in December last year following its bull run, which began around October. Crypto analyst Kevin Capital also alluded to an analysis in which he predicted Dogecoin would enjoy a significant rally to the upside once Bitcoin’s dominance found a macro top. Based on his accompanying chart, DOGE could at least rally to the much-anticipated $1 price level. DOGE’s Short-Term Target Is $0.29 Crypto analyst Trader Tardigrade predicted that Dogecoin could rally to as high as $0.29 in the short term. He revealed that DOGE is breaking out of a diamond pattern on the daily chart, with $0.29 being the target for this breakout. His accompanying chart showed that the rally to this target could happen before the month ends. In another post, Trader Tardigrade indicated that Dogecoin will likely sustain this bullish momentum. He revealed that an RSI breakout is visible on the daily chart, which consistently occurs during every 29-day period during which DOGE witnesses a pump. In line with this, the analyst affirmed that the meme coin’s uptrend is “programmed.” Dogeoin is already eyeing a breakout above the psychological $0.2 level, which could pave the way for a rally to new highs. At the time of writing, the Dogecoin price is trading at around $0.19, up over 8% in the last 24 hours, according to data from CoinMarketCap. DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Bitcoin Price Hits $104,000 As Demand Increases
The price of Bitcoin has surged past $104,000 this morning, and it’s no accident. A mix of surging institutional inflows, record-breaking ETF momentum, and growing corporate adoption are fueling this rally. Here’s what’s helping contribute to the rising price of Bitcoin. Big institutions like banks, asset managers, and even some companies are putting money into Bitcoin through ETFs (exchange-traded funds). On Wednesday, James Seyffart of Bloomberg ETF Research reported that spot Bitcoin ETFs have officially hit a new all-time high in lifetime flows, reaching $40.33 billion, according to Bloomberg data. This marks a sharp recovery from the dip earlier this year and signals strong investor conviction. “Lifetime net flows is #1 most imp metric to watch IMO, very hard to grow, pure truth, no bs,” said Ericl Balchunas, Bloomberg Senior ETF Analyst. “Impressive they were able to make it to new high water mark so soon after the world was supposed to end. Byproduct of barely anyone leaving, left only a tiny hole to dig out of.” ETF resilience suggests institutional investors not only just didn’t flinch during recent market corrections, but started buying more — a key signal that further shows Bitcoin’s base is strengthening. The data also supports the case that many of these investors are in for the long haul, not quick flips. The ETFs have been on a buying spree, helping push up the price. At the same time, macro adoption trends are accelerating. Strategy Executive Chairman Michael Saylor noted earlier this week at the Bitcoin For Corporations event at Strategy World 2025 that “Bitcoin treasury companies are getting exponentially more powerful.” Japanese public company Metaplanet CEO Simon Gerovich shared that he believes a “tidal wave” of more companies will be adopting Bitcoin as a reserve asset. This outlook is backed by Strategy CEO Phong Le’s prediction that the number of corporate Bitcoin holders will skyrocket to from 70 to 700 companies by next year. It’s a bold forecast, but one supported by the increasing popularity of Bitcoin as a treasury reserve asset in a time of dollar debasement and sovereign debt concern. Julien Bittel, Head of Macro Research at Global Macro Investor, shared a chart showing how Bitcoin’s price continues to closely follow the global M2 money supply — a measure of worldwide liquidity. His updated chart shows a strong correlation, with a clear upward trend. “We’re going higher,” Bittel commented, suggesting that as more money flows into the global economy, some of it is landing in Bitcoin. Lots of you have been asking for the updated Global M2 vs. Bitcoin chart. Well, here it is… And yes – it still tells the same story: We’re going higher… pic.twitter.com/kv7QSE9iGN — Julien Bittel, CFA (@BittelJulien) May 9, 2025 All signs point to momentum building: institutional demand via ETFs, corporate treasury adoption, M2 correlation, and investor confidence appear to be pushing Bitcoin upward. In addition to all this, there’s growing belief that Bitcoin is becoming more accepted as a long-term store of value — like digital gold. On top of that, with inflation fears and concerns about the U.S. dollar, some investors are turning to Bitcoin as a way to protect their money. Supporting the bullish technical narrative, ChartsBTC reported on X this week that Bitcoin’s current price of $102,766 reflects a 10% year-to-date gain, up from $93,381 at the end of 2024.
Bitcoin price rallies as global liquidity growth accelerates — Analysts
Key takeaways: Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal. In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries. On a shorter timeframe, global liquidity follows a cyclical pattern, with Michael Howell projecting the current cycle to peak by mid-2026. Bitcoin (BTC) price is notoriously sensitive to global liquidity. Some analysts go as far as calling their correlation near-perfect, with a lag of about three months. This relationship is fueling the current bullish narrative as BTC price soars back above $100,000, but how long can this trend last? Liquidity is Bitcoin’s silent price driver Raoul Pal, the founder of Global Macro Investor, recently gave a speech on the strong correlation between Bitcoin and global M2 liquidity. In a recap posted by Paul Guerra, Pal’s message refers to: despite looming concerns—recession risks, geopolitical tensions, and other global stressors—rising liquidity as the dominant force behind asset price action. According to Pal, expanding liquidity backs up to 90% of Bitcoin’s price action and as much as 97% of the Nasdaq’s performance. Indeed, a chart comparing global M2 (with a 12-week lead) and Bitcoin’s price shows an almost uncanny alignment. Global M2 and BTC/USD. Source: Real Vision Pal also frames the issue in personal finance terms. He says there’s an 11% “hidden tax” on all of us, composed of 8% currency debasement and 3% global inflation. He notes, “If you’re not earning more than 11%/yr, you’re getting poorer by definition.” Bitcoin has returned an average of 130% annually since 2012, despite dramatic drawdowns. That makes it one of the most asymmetric bets of the past decade—and it’s outperformed the Nasdaq by over 99%. What drives global liquidity? At its core, global liquidity is fueled by expanding the money supply. As independent investor Lyn Alden puts it, “Fiat currency systems are primarily based on ever-growing debt levels. The money supply continuously grows in every country for this reason.” This offers a high-level view of global liquidity and suggests its long-term expansion is structural. However, this growth isn’t linear. Over shorter time frames, it fluctuates based on specific drivers. Michael Howell, author of “Capital Wars,” identifies three main drivers currently impacting global liquidity: the US Federal Reserve, the People’s Bank of China (PBoC), and banks lending through collateral markets. Global liquidity drivers. Source: Michael Howell Howell also points to indirect influences that act with a lag of 6 to 15 months. These include the world business cycle, oil prices, dollar strength, and bond market volatility. A weak global economy and a softening dollar typically boost liquidity. But rising bond volatility tightens collateral supply and chokes lending, undermining liquidity. Related: New bull cycle? Bitcoin’s return to $100K hints at ‘significant price move’ How long will global liquidity rise? Michael Howell believes that global liquidity moves in roughly five-year cycles, and is now on the way to its local peak. He projects the current cycle to mature by mid-2026, reaching an index level of around 70 (below the post-COVID index of 90). That would mark a turning point, with a subsequent downturn being a likely outcome. Global liquidity cycle. Source: Michael Howell The recent growth in global liquidity stems from the rapidly weakening world economy, which is likely to prompt further easing by central banks. The People’s Bank of China has already begun injecting liquidity into the system. The Fed now faces a tough choice: continue fighting inflation or pivot to support an increasingly fragile financial system. At its May 7 meeting, rates were held steady, but the pressure on Chair Jerome Powell is mounting, especially from US President Donald Trump. At the same time, economic uncertainty is driving up US Treasury yields and fueling bond market volatility, both indicators of collateral scarcity and tightening credit conditions. Over time, these pressures are likely to become headwinds for liquidity expansion. Meanwhile, a looming recession is expected to weaken investor risk appetite, further draining liquidity from the system. Even if a downturn lies ahead in 2026, global liquidity still has room to run, at least through 2025. And that matters for Bitcoin. Howell notes, “The likely inevitable policy response of ‘more liquidity’ is a great future omen. It establishes the upward path of persistent monetary inflation that ultimately underpins hedges such as gold, quality equities, prime residential real estate, and Bitcoin.” Interestingly, Howell’s liquidity cycle roughly aligns with Bitcoin’s four-year halving cycle. The former points to a potential peak in late 2025, and the latter in early 2026. If history rhymes again, that convergence could set the stage for a major price move. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined
The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week. Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market dominance also surged above 60%, reflecting more bullish BTC sentiment. This marked the third time BTC has broken through six figures since it reached the milestone on Dec. 5, 2024, and again on Jan. 20, ahead of US President Donald Trump’s inauguration. The BTC rise coincided with Trump announcing a trade deal with the United Kingdom, which may include removing a 10% blanket tariff on all imports. In the wider crypto space, Ethereum’s Pectra upgrade implemented much-needed improvements for the crypto ecosystem. The upgrade was followed by a 26% price surge for Ether (ETH), rising from $1,800 on May 7 to over $2,300 on May 9. Total crypto market cap, 1-year chart. Source: CoinMarketCap Bitcoin DeFi sees surge in mining participation despite drop in TVL Messari’s “State of Rootstock” report for 2025 showed that merged mining participation surged to an all-time high of 81% in Q1 2025, up from 56.4% in the previous quarter. The surge was attributed to onboarding major mining pools SpiderPool and Foundry. The influx of mining support boosted Rootstock’s hash power above 740 exahashes per second. This surpassed Bitcoin’s total network hashrate recorded in October 2024, marking a more mature phase for the platform’s merged mining growth. The surge in merged mining participation came as Rootstock’s ecosystem faced headwinds. In Q1 2025, Rootstock’s total value locked (TVL) declined. Its Bitcoin TVL dropped 7.2%, while the dollar-denominated TVL fell by over 20% quarter-on-quarter. Rootstock overview for Q1 2025. Source: Messari This mirrored a broader downward trend across the DeFi sector, with Ethereum-based DeFi TVL showing a 27% decline in the same period. Continue reading Hacken CEO sees “no shift” in crypto security as April hacks hit $357 million Crypto hacks in April saw nearly $360 million in assets stolen across 18 incidents. This represented an almost 1,000% increase over the amount lost in March. The largest loss came from an unauthorized Bitcoin transfer. On April 28, blockchain investigator ZachXBT reported a suspicious transaction of Bitcoin worth $330 million. He later confirmed that it was a social engineering attack that targeted an elderly American. Source: PeckShield In a Cointelegraph interview at the Token2049 event, Hacken CEO Dyma Budorin told Cointelegraph that the industry continues to rely on limited security measures even after the $1.4 billion Bybit hack incident. Budorin said that the space implements limited measures instead of deploying comprehensive strategies. “Most of the projects think, ‘Okay, we did pentests. That’s enough. Maybe bug bounty. That’s enough.’ It’s not enough,” Budorin told Cointelegraph. Continue reading AI decentralized apps are coming for the Web3 throne: DappRadar While gaming and DeFi held on to the top spot in the decentralized applications (DApps) ecosystem, artificial intelligence is slowly catching up. Blockchain analytics platform DappRadar showed that Gaming and DeFi saw 21% DApp dominance in April. However, AI DApps climbed to 16%, up from the 11% recorded in the platform’s February data. “As user interest in artificial intelligence tools grows across industries, AI-powered DApps are steadily carving out their place in the decentralized ecosystem,” DappRadar analyst Sara Gherghelas said. AI DApps have seen a jump in market dominance this month, while market leaders have declined slightly. Source: DappRadar Gherghelas added that if the trend continues, AI could challenge the dominance of DeFi and gaming, signaling a “new era” in the DApp landscape. Continue reading Bitcoin-backed loans “obvious” next step — Xapo Bank CEO Bitcoin holders are becoming more confident in using their BTC to borrow funds. In a Token2049 interview, Xapo Bank CEO Seamus Rocca told Cointelegraph that investors’ moods have shifted from short-term speculation to a more long-term outlook on Bitcoin. Rocca said that the confidence comes from broader institutional adoption and Bitcoin’s price levels that are “nowhere near” liquidation. Rocca said Bitcoin-backed loans allow holders to stay exposed to the asset when facing unexpected expenses. The executive said the smart thing to do is not sell the asset when the price increases. Xapo Bank CEO Seamus Rocca at the Token2049 media lounge. Source: Cointelegraph However, when life gets in the way, Rocca said investors can avoid liquidating their Bitcoin by borrowing against the asset and paying interest. This way, they can hold on to the assets despite needing liquidity for their expenses. Continue reading DeFi Market Overview According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green. The memecoin Pepe (PEPE) rose by over 53% as the week’s biggest gainer, followed by the Pudgy Penguins (PENGU) token, which was up by 47% during the past week. Ether (ETH) was the third-biggest gainer, showing an increase of 35%. Total value locked in DeFi. Source: DefiLlama Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.
Popcat breakout signals end of accumulation, targets $1.04 resistance level
Popcat has broken free from months of range-bound trading, reclaiming a key level and igniting a bullish rally. Momentum now points toward a potential explosive move to $1.04. After being trapped in an accumulation phase since February, Popcat (POPCAT) has finally broken out with strong bullish momentum. The move comes as price action confirms acceptance above the critical $0.33 level, marking a shift in market structure from neutral to decisively bullish. This breakout sets the stage for a potential rally toward the next major resistance near $1.04, with favorable volume and technical confluence supporting the move. Key technical points Key Breakout Level: Price has reclaimed $0.33, flipping it into support after months of consolidation. Bullish Structure Formed: Multiple higher lows and a confirmed trend shift signal strong upward momentum. Target Resistance at $1.04: Aligned with key Fibonacci levels and limited overhead resistance. PopCatUSDT (1D) Chart, Source: TradingView Technical breakdown The structure of Popcat has shifted significantly in recent weeks. After forming a base through an extended accumulation phase, price has now reclaimed the $0.33 level, a major technical pivot. This level previously acted as resistance but now confirms strong support, allowing bulls to take control of the market. The bullish structure is reinforced by consecutive higher lows, pointing to growing demand and sustained buying pressure. One of the most notable technical alignments is the confluence between the $1.04 resistance level and a significant Fibonacci retracement zone. This strengthens the case for an upward continuation, especially given the low resistance zones between current price levels and $1.04. If volume continues to rise, as currently observed, the move could accelerate swiftly due to limited supply in this range. From a broader perspective, the market has transitioned from a bearish to a bullish structure. This is evidenced by the breakdown of the previous downtrend, the formation of accumulation, and now the breakout supported by volume and structure. The price now has a clear higher high and higher low, confirming a classic uptrend. What to expect in the coming price action With bullish confirmation above $0.33 and increasing volume, Popcat appears poised for a continuation toward $1.04. Traders should watch for healthy consolidation or a minor pullback that forms a new higher low, which would further solidify the uptrend. As long as price holds above the breakout zone, the bulls remain firmly in control.
VP JD Vance joins 2025 Bitcoin Conference as featured speaker
Key Takeaways VP JD Vance will speak at the Bitcoin 2025 conference, the first US vice president to publicly https://cbx.cryptobriefing.com/dashboard?feedItemId=238987&activeWorkspace=articleImagesupport Bitcoin. Bitcoin 2025 is anticipated to attract over 30,000 attendees, highlighting Bitcoin’s growing influence. Share this article Vice President JD Vance is set to deliver a keynote address at Bitcoin 2025 in Las Vegas on May 28, marking the first time a sitting US vice president has publicly endorsed Bitcoin, as confirmed by BTC Inc., organizers of the world’s largest annual Bitcoin gathering. The speech is scheduled for 9:00 a.m. PST at The Venetian Las Vegas as part of the conference’s “Code + Country” programming track. The event will be streamed globally. Vance’s appearance follows President Trump’s address at Bitcoin 2024 in Nashville during his presidential campaign. “This is more than a headline moment — it’s a signal,” said David Bailey, CEO of BTC Inc. “Bitcoin is the most exciting financial innovation in the world. It’s at the forefront of the national conversation.” Trump selected Vance as his running mate for the 2024 presidential campaign in July of last year. Then serving as a US senator from Ohio, Vance was already a vocal crypto advocate, demonstrating support through both legislative efforts and personal investments in Bitcoin. According to federal disclosure forms filed last August, Vance held Bitcoin exposure valued between $250,000 and $500,000. During his Senate tenure, Vance championed Bitcoin, opposed regulatory overreach, and frequently criticized SEC leadership and centralized financial control. His upcoming address is expected to focus on innovation, financial sovereignty, and Bitcoin’s role in America’s future. “This is a historic moment for Bitcoin,” said Brandon Green, co-organizer of Bitcoin 2025. “We are beyond honored to host the Vice President at the world’s largest Bitcoin conference. VP Vance represents a new generation that values freedom and doesn’t fear — but rather pioneers — new technology.” The upcoming event will also feature Ross Ulbricht, founder of Silk Road, in his first public appearance since receiving a presidential pardon from President Trump and gaining his freedom. Share this article
Ethereum Breaks Key Resistance In One Massive Move – Higher High Confirms Momentum
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum has finally broken above the long-watched $2,000 resistance level—and it didn’t just edge past it, it blasted through with force. In under 48 hours, ETH surged more than 35%, reaching as high as $2,490 and sending a strong signal that a new phase may have just begun. The breakout, which comes after months of sluggish price action and uncertainty, has reignited bullish sentiment across the market. Related Reading Top analyst Jelle described the move in dramatic terms, noting that Ethereum aggressively broke straight through a massive resistance level, “like it wasn’t even there.” More importantly, ETH has now made a higher high, flipping the market structure and confirming the strength of this rally. This is the kind of breakout that often marks a shift in trend, not just a temporary spike. With Bitcoin flirting with $100K and altcoins waking up across the board, Ethereum’s explosive move may be the start of something much bigger. The $2,000 level had been a significant psychological and technical barrier for months, and now that it’s gone, bulls are in control. All eyes are on whether ETH can hold these gains and continue leading the charge in the next leg of the crypto bull cycle. Ethereum Forms Bullish Structure As Momentum Shifts After months of relentless selling pressure and persistent bearish sentiment, Ethereum is finally showing signs of structural recovery. The market environment, long dominated by doubt and underperformance, is now shifting as ETH begins to establish a new, more bullish formation. This shift isn’t just about price—it’s being reinforced by meaningful developments on the fundamental side. One of the most important catalysts is the upcoming Pectra update, a major improvement designed to make Ethereum more efficient, scalable, and cost-effective. The update focuses on enhancing the Ethereum Virtual Machine (EVM) and optimizing smart contract performance, key changes that could significantly improve network usability and reduce transaction costs. This technical progress renews investor interest and builds a fresh narrative around Ethereum’s long-term potential. The price action confirms the change in sentiment. Jelle highlights that Ethereum easily broke past the $2,000 resistance, as ETH surged more than 21% only yesterday, blasting through $2,200 and hitting a high near $2,490. More importantly, ETH has made a higher high, signaling a trend reversal. According to Jelle, holding the $2,200 level is now key—if this support holds, “ETH could actually be back.” Ethereum breaking critical resistance levels | Source: Jelle on X Analysts are beginning to call for continued upside, pointing to the combination of washed-out bearish sentiment, fresh technical structure, and growing network optimism driven by the Pectra upgrade. With ETH now breaking out and flipping resistance into support, the conditions are aligning for a potentially massive recovery phase. If momentum holds and the $2,200 level is respected, Ethereum could be entering the early stages of a powerful and sustained rally. Related Reading ETH Price Analysis: Bulls Take Over Ethereum (ETH) is trading at $2,334 after a stunning rally that saw it surge more than 35% in less than 48 hours. The daily chart shows a massive breakout above the long-standing $2,000 resistance level, with price reaching as high as $2,490 before pulling back slightly. This breakout decisively ends months of downtrend structure and signals the formation of a new bullish leg. ETH testing resistance after a massive breakout | Source: ETHUSDT chart on TradingView This move came with substantial volume, validating the breakout and showing clear market conviction. ETH also printed a higher high for the first time in months, confirming a shift in trend. However, the price is now approaching the 200-day EMA at $2,428 and remains below the 200-day SMA at $2,701—two levels that could serve as medium-term resistance. If ETH can hold the $2,200–$2,250 zone as support, this breakout could turn into a full trend reversal. The recent volume spike suggests that both retail and institutional players are stepping back in, possibly driven by growing optimism around Ethereum’s upcoming Pectra upgrade and improving macro sentiment. Related Reading Overall, the chart shows strength and momentum. If bulls maintain control and reclaim the 200-day SMA in the coming sessions, ETH could be set for a sustained run toward higher levels. Featured image from Dall-E, chart from TradingView
CryptoQuant CEO Apologizes for Incorrect Bitcoin Forecast
CryptoQuant CEO Kee Young Ju publicly apologized for for wrong prediction about the end of bitcoin’s bull cycle published two months ago. According to him, the pressure from sellers of the first cryptocurrency is decreasing, and significant funds are coming into the market through exchange-traded funds (ETFs). Previously, bitcoin’s dynamics were driven by three groups: miners, whales, and retail investors. When liquidity from new participants dried up and large holders started to fix their profits, a chain reaction of sell-offs started; Now, the market structure has become more complex, with ETFs, companies like Strategy, institutional investors and even government entities entering the market in addition to the traditional players, Ju said. “The old model of cycles no longer works. Now it is important not to track whale sell-offs, but to assess the volume of new capital from institutional and ETFs. This inflow can even compensate for the mass exit of large holders,” said CryptoQuant CEO. Despite the growth of bitcoin price, the analyst calls the current market “sluggish”. Most indicators are balancing on the edge, not giving clear signals, he explained; That said, Ju emphasized: an error in prediction doesn’t mean that onchain metrics have lost value. “Data remains data. Different analysts can interpret them in their own way,” the expert added. He promised to improve the quality of expertise and take into account new factors, including the integration of the first cryptocurrency with traditional finance. After $100,000, Is $180,000 the Next Target? That’s the Level Technical Analysts Are Eyeing On the weekly chart of bitcoin after the upward breakout of the “bull flag” pattern, a further rise to $182,000 is possible – to the growth range before the downward consolidation. Such a scenario presented in Cointelegraph. BTC/USD daily chart. Source: Cointelegraph/TradingView The CoinDesk suggested parallels to two patterns of digital gold rallying at the end of 2024, when the rate soared from $70,000 to $109,000. The first involves the MACD indicator. The metric turned bullish in mid-October, confirming the upward trend by December. Currently, the indicator has only approached the neutral level. Its overcoming upward will mark the formation of ‘bear trap’ in March-April. Source: CoinDesk. The second indicator consists of a combination of the 50 DMA and 200 DMA. About four weeks ago, the moving averages formed a “death cross” which was not confirmed. Recently, the “fast” DMA began to grow and may now cross the “slow” DMA from bottom to top, forming a “golden cross” in the coming weeks. A similar signal occurred last August with the subsequent ATH update. Source: CoinDesk. From scenarios to levels An analyst under the nickname AlphaBTC listed a rally to $106,000 as the immediate target. Analyst and founder of MN Trading Michael van de Poppe has a similar opinion. The expert singled out the zone between $103,800-107,000 as a stop before a pullback followed by ATH renewal this quarter. Binance founder Changpeng Zhao predicted bitcoin’s growth to $1 million The digital gold exchange rate could reach $500,000 and even $1 million already in the current market cycle, Binance founder Changpeng Zhao (CZ) shared his prediction in an interview with Farokh Radio. According to the businessman, the total capitalization of the crypto market will exceed $5 trillion in 2025. CZ did not specify a specific timeframe for achieving these values. This is not Zhao’s first prediction: in 2020, he predicted bitcoin would rise to $100,000, which was realized in December 2024. In February this year, he hinted at $1 million, ironizing the “collapse” from $1,001,000 to $985,000. At the time of writing, bitcoin is trading at $102,252 and the crypto market is capitalized at ~$3 trillion. In an interview, CZ called meme-coins “speculative noise,” predicting the collapse of 99.99% of them. He sees the integration of blockchain with artificial intelligence and DeSci as promising directions. The Binance founder noted the dramatic reversal of US regulatory policy under Donald Trump’s administration: “The situation has changed 180 degrees in 100 days.” He also predicted the dominance of decentralized exchanges over centralized exchanges, calling them “different doors to the same world.” Zhao ruled out a return to Binance and said he would focus on mentorship. According to him, after four months in prison, health and family have become priorities. In April, CZ became a consultant to the Kyrgyz government on cryptocurrency and blockchain issues.
Cardano Founder Speaks Out On Secret ‘Diet Coke’ Meeting
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Charles Hoskinson has broken months of silence over the mysterious Mar-a-Lago ‘diet coke’ dinner that never was, tracing what he called “a long arc of confusing and strange turns” that began last autumn and culminated in his unexpected removal from former President Donald Trump’s 1 March candle-light fundraiser—an incident insiders had nicknamed the “Diet Coke” meeting. Streaming from Colorado on May 8, the Cardano creator unfolded a chronology that reached back to the September 2024 SALT conference in Jackson Hole, where he first spoke with advisers who would later join Trump’s transition team. Those conversations, he recalled, centred on establishing a crypto czar and a wider “crypto commission made up of industry leaders.” Hoskinson told viewers he had signalled willingness to serve if the then-presumptive Republican nominee captured the White House. How The Cardano Founder Didn’t Become Crypto Czar Trump did win, but the appointment went elsewhere. “David Sacks was announced,” Hoskinson said, noting that the role was ultimately combined with an artificial-intelligence portfolio. A commission chaired by former Congressman Bo Hines remained on the table, yet clarity proved elusive. “Every time we talked to somebody […] people would give us mixed messages,” he explained. Against that backdrop, Hoskinson secured an invitation to a February 22 “VIP dinner” at Mar-a-Lago, only to be told the event had shifted to 1 March because Trump would be meeting Ukrainian President Volodymyr Zelenskyy. He spent weeks preparing briefing material—“hundreds of documents,” he said—but on the day he boarded a flight to Florida the call came: he had been disinvited. “Excuse me, disinvited? I’ve been preparing for this for a while. I’m on the plane literally flying down,” he recounted. Hoskinson continued to Florida, where previously scheduled meetings with Senator Tim Scott, Ohio Senate candidate Bernie Moreno and former Speaker Kevin McCarthy proceeded as planned. Yet the explanation for his removal never arrived. The livestream provided the first detailed narrative of what he now believes occurred. According to Hoskinson, Thursday’s revelation was prompted by the Politico story headlined “From Trump Whisperer to West Wing Pariah: How Lobbyist Brian Ballard Angered Trump.” The article reveals that lobbyist Brian Ballard—or someone “in Ballard’s orbit”—tricked Trump into making a Truth Social post about a XRP, ADA and SOL “crypto reserve.” In early March a draft list of reserve assets had surfaced showing Cardano’s ADA among them, alongside XRP and others. The Cardano founder insists his public position has always been that “if they’re going to do a reserve, it’s only going to be Bitcoin,” a stance he had aired in multiple interviews and elsewhere. Nonetheless, he became associated with ADA’s inclusion, triggering push-back from incoming technology adviser David Sacks. Quoting the Politico piece, Hoskinson said Sacks “was furious” when the list became public and “tried to get everything reversed,” although the move could not be undone quickly. Hoskinson believes someone close to Ballard feared he would publicly oppose the multi-asset reserve if seated near Trump—potentially before dessert. “They knew that if I was asked at that dinner about the reserve, I would have said… only Bitcoin should be in it,” he told viewers. “I wasn’t there to say that, and at least now I know why.” Compounding the confusion, the Cardano founder said, was a February 5 social-media quip that he “didn’t want to pay five million dollars for dinner,” a light-hearted reference to a 2020 XRP-community fundraiser. That line, he now suspects, was resurrected as an official-sounding pretext for his removal. The fallout extended into the West Wing, where, according to Hoskinson, staff briefed journalist Laura Shin that he had “nothing at all to do in any way, shape, or form with any crypto policy” and had never been invited to Mar-a-Lago. “I just showed you the invitation now, didn’t I, Laura?” he said, screen-sharing the embossed card. White House aides, he added, asked his UK office for comment and published thirty minutes later—an episode he characterised as “a great, highly credible organisation,” the sarcasm audible. Hoskinson stressed that his frustration is aimed not at Trump or his children—“I just did panels with Don Jr., doing one with Eric”—but at “a few Democrats” portraying crypto as a partisan issue and at the inside-the-Beltway “serpentine” lobbying that blindsided him. “This is the nature of Washington, D.C. There’s a thousand people jockeying and doing bat— crazy things,” he said. Yet he also emphasised legislative momentum: the Genius Act, market-structure talks and what he views as a growing bipartisan consensus on stable-coin regulation. Lawmakers, he argued, are easier to map than executive-branch operators because “over a good steak” they say plainly what language they want. In the livestream’s closing minutes Hoskinson reiterated his conviction that crypto policy must outlive any single administration. “We do not need policy that can be reversed the minute a Democrat gets elected,” he said, invoking the Securities Exchange Act of 1933 as a template for enduring statute. The Cardano policy office, run by former Wyoming regulator Karen Wheeler and attorney Joel Telpner, will therefore “keep engaging” with Congress, the CFTC and the SEC regardless of Oval Office intrigues. In his own words, the episode’s lesson is simple: “Welcome to politics. It’s distasteful. It’s serpentine. But the truth always comes out.” At press time, Cardano traded at $0.7773. Cardano rallies into key resistance zone, 1-week chart | Source: ADAUSDT on TradingView.com Featured image from YouTube, chart from TradingView.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
U.S. Vice President JD Vance To Speak At Bitcoin 2025 Conference
The team at BTC Inc. is proud to announce that U.S. Vice President (VP) JD Vance will address the Bitcoin 2025 conference from the main stage of the event on May 28 at 9:00 AM PST. VP Vance’s keynote will be delivered to tens of thousands of attendees at The Venetian Las Vegas as part of the “Code + Country” programming track for the conference. The address will also be streamed globally via Bitcoin Magazine’s media channels and X account. In making this address, VP Vance will become the first ever U.S. vice president to make a public address in support of Bitcoin. His appearance at the Bitcoin conference comes one year after the President Trump delivered a historic speech at Bitcoin 2024 in Nashville, TN while he was still on the campaign trail. “This is more than a headline moment — it’s a signal,” said David Bailey, CEO of BTC Inc. “Bitcoin is the most exciting financial innovation in the world. It’s at the forefront of the national conversation” And given that his financial disclosures show that his personal bitcoin holdings range from $250,000 to $500,000 in value, the address will not just be coming from the Vice President of the United States, but a Bitcoiner. During his time in the U.S. Senate, VP Vance advocated for Bitcoin, as he took a clear stand against regulatory overreach and pushed to redefine how the U.S. government interacts with open-source money. He’s also been critical of current SEC leadership and vocal about the dangers of centralized financial control — pointing to events like Canada’s 2022 bank account freezes as examples of why Bitcoin matters. In his address at Bitcoin 2025, he is expected to focus on innovation, financial sovereignty, and how Bitcoin plays a role in a more resilient American future. “This is a historic moment for Bitcoin,” said Brandon Green, co-organizer of Bitcoin 2025. “We are beyond honored to host the Vice President at the world’s largest Bitcoin conference. VP Vance is the voice of a new generation that values freedom and isn’t fearful of, but instead pioneers, new technology,” he added. “I cannot wait to hear what he has to say in Vegas!” Bitcoin 2025 is projected to host over 30,000 attendees and features leaders from technology, finance, education, and global policy. Previous speakers have included U.S. presidential candidates Donald J. Trump, Robert F. Kennedy Jr., tech innovators, and heads of major financial institutions.
Galaxy Digital approved for US domicile, clearing way for Nasdaq listing
Galaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, setting the stage for the crypto investment company’s listing on the Nasdaq stock exchange. Galaxy anticipates listing on the Nasdaq, a tech-focused US stock exchange, by the middle of May, pending approval from the Toronto Stock Exchange, on which the company is already listed, and shareholder approval at a special shareholders meeting on May 9. Shareholders at the meeting must approve redomiciling Galaxy Digital in the US state of Delaware, known for its business-friendly regulations, before the process can move forward, according to an announcement from the company. Galaxy Digital SEC form S-4. Source: SEC Galaxy obtained SEC approval for a Nasdaq listing in April this year, and once the company obtains the other necessary approvals, it will trade on the Nasdaq under the GLXY ticker symbol. The company is the latest crypto firm to announce an imminent stock market listing, as institutional interest in digital assets grows and crypto matures as an asset class that increasingly interacts with traditional financial markets. Related: Nasdaq urges SEC to treat certain digital assets as ‘stocks by any other name’ Crypto firms increasingly playing in the big leagues Nasdaq-listed Strategy, formerly MicroStrategy, was added to the exchange’s index of its 100 largest companies by market capitalization in December 2024. In April, stablecoin issuer Circle filed for an initial public offering (IPO), a process of taking a private company public by listing it on major stock exchanges. According to an April 21 report from The Wall Street Journal, crypto custodian BitGo, Circle, exchange company Coinbase, stablecoin firm Paxos, and other crypto firms are considering applying for bank charters in the US. The move would further blur the diminishing line between crypto firms and traditional financial institutions that offer lending services to clients and adhere to strict financial oversight from government regulators. However, Dante Disparte, Circle’s chief strategy officer and head of global policy, later clarified that the company may acquire a banking license to comply with existing regulations and not necessarily operate as a banking institution. Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
Aave Labs’ Horizon partners Ant Digital to build RWA market on Ethereum
Aave Labs has announced a collaboration with Ant Digital Technologies in an effort aimed at building a custom RWA market on Ethereum. The partnership involves Horizon, an institutional-grade decentralized finance products platform launched by Aave Labs earlier this year. Aave (AAVE) founder Stani Kulechov said in an announcement on May 9 that the new market will target qualified users, allowing them to borrow stablecoins with their tokenized real world assets as collateral. “I‘m pleased to announce Horizon’s strategic collaboration with Ant Digital Technologies, one of the largest blockchain technology services providers in the world,” Kuchelov posted on X. “We will work with them on a custom RWA market on Ethereum.” Aave Labs introduced Horizon in March, eyeing it as a custom RWA platform designed to bridge decentralized finance and institutional adoption. The Ethereum-based protocol’s first product is tokenized money market funds. Institutional investors can use the MMFs as collateral when looking to tap into stablecoin liquidity. The partnership with Ant Digital Technologies, the digital technology subsidiary of Ant Group, comes as the RWA market gains notable traction. Global asset managers such as BlackRock have become key players amid increased institutional demand. Horizon seeks to unlock further adoption of blockchain and crypto across the Aave ecosystem. “By aligning with institutional standards while preserving DeFi’s core efficiencies, Horizon unlocks a compliant, scalable, and accessible pathway for institutions and tokenization platforms to engage in decentralized finance,” Aave Labs wrote in a blog post. Stani Kulechov said the strategic collaboration between Horizon and Anti Digital is major milestone. “DeFi will be the backbone of global finance and this is a significant step towards enabling institutional adoption of DeFi,” Kulechov added. The Aave ecosystem continues to dominate the DeFi market, with total value locked on the protocol currently at over $23 billion. Per DeFiLlama data, the DeFi TVL stands at over $111 billion.Aave leads Lido, EigenLayer and Sky, formerly MakerDAO in TVL.