Welcome to the Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2 Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. As always, be constructive. – Subreddit Rules Want to…
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As Litecoin (LTC) tries to break out of a bullish pattern, an analyst suggests that a monthly close above its key horizontal zone could propel the price to levels not seen since the 2021 bull run. Related Reading: Bitcoin Ready For Second ‘Price Discovery Uptrend’ Following $109,000 Breakout – What’s Ahead For BTC? Litecoin Attempting Key Breakout Litecoin has seen a remarkable 63% rally from April’s lows over the past month and a half, surging above crucial levels in the past few weeks. Just this month, the cryptocurrency has recovered the $80 and $90 support levels and attempted to reclaim the $100 barrier again. Fueled by the market recovery and Bitcoin’s rally past the $100,000 mark, LTC hit a two-month high of $107 nearly two weeks ago. Since then, the altcoin has struggled to hold the $100 mark. However, analyst Carl Runefelt from The Moon Show recently suggested that Litecoin “is about to pump.” The analyst highlighted a bullish pattern on LTC’s chart, which could see the cryptocurrency rise 20% toward the $117.5 mark for the first time since early March. According to Runefelt’s chart, the cryptocurrency formed a bullish flag pattern after hitting its two-month high. Since then, LTC has hovered between the upper and lower boundary, bouncing once before from the support line toward the pattern’s resistance line. Earlier this week, Litecoin bounced again from the support after touching the $92 level, which led the analyst to suggest it has “every chance to break out of this bullish flag to the upside.” On Friday, the altcoin jumped 11% from the pattern lows, briefly breaking out and hitting the $102 mark before retracing to the $96 mark. The cryptocurrency now hovers between the $98-$99 levels, just 1% below the pattern’s upper boundary. A surge above this level to confirm the breakout could set the stage for the pattern’s $117.5 target and mark a significant push toward a key horizontal level. LTC Preparing For Rally To $150? Analyst Rekt Capital pointed out that Litecoin needs a Monthly Close above its key resistance level to target the $150 mark and above. He highlighted the $110-$125 horizontal level, explaining that LTC “spends most of its time below it and very little time comparatively beyond it.” The analyst noted that since 2019, the rejection from this resistance level has been getting “progressively weaker over time to the point where only a couple of months ago, LTC tried to retest this region as support” during the early 2025 rally. Despite failing to reclaim this level, this could suggest that the resistance is “struggling to hold price down,” which is why the next breakout above this area could signal that “the chances of a successful retest are high.” Related Reading: SUI Preparing For Another Leg Up – Is $5 The Next Target? Moreover, the weakening of the resistance could be partly attributed to its multi-year Marco Higher Low, as Litecoin has bounced from the ascending trendline toward this resistance each time it has been retested. Based on this, the analyst considers that a Monthly Close above the key horizontal level, followed by a retest to confirm the breakout, would give the necessary strength for a 30% rally above the $150 mark for the first time since 2021. As of this writing, Litecoin trades at $98.60, a 2.7% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The All Core Devs Execution (ACDE) Call 212 spotlighted Ethereum’s ongoing efforts to stabilize Fusaka Devnets, finalize the scope for Devnet 1, and align client teams on key EIP implementations. With Devnet 7 stress testing in full swing and Fusaka Devnet 0 preparing for launch, discussions focused on readiness, PeerDAS validation, and EIPs like 7825…
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The recent rise in gold and bitcoin prices reveals more than market dynamics—it reflects a quiet awakening to the centuries-old fraud of fiat money. The Fraud of Fiat: How Inflation Became Accepted Theft Isn’t it curious how people reminisce about the past, casually recalling that a candy bar once cost 50 cents—as if prices rising […]
US-based spot Bitcoin exchange-traded-funds (ETFs) have recorded a total of $2.75 billion in inflows this week amid Bitcoin surpassing its January all-time high of $109,000.The $2.75 billion inflow total was nearly 4.5 times larger than the spot Bitcoin (BTC) ETF’s previous week’s $608 million in inflows, according to Farside data.BlackRock Bitcoin ETF continues inflow streakOn May 23, the final day of the trading week, spot Bitcoin ETFs recorded $211.7 million in inflows. However, BlackRock’s IBIT was the only fund to post gains in the trading day, adding $430.8 million and extending its inflow streak to eight consecutive days. Grayscale’s GBTC led outflows with $89.2 million, followed by ARK 21Shares’ ARKB with $73.9 million.Just two days before, on May 21, the Bitcoin ETFs saw $607.1 million in inflows, the same day Bitcoin surpassed its $109,000 all-time high. The following day, Bitcoin recorded a new all-time high of $111,970.At the time of publication, Bitcoin is trading at $108,141, according to CoinMarketCap data. Bitcoin is trading at $108,490 at the time of publication. Source: CoinMarketCapBitcoin’s slight price decline over the past 24 hours came alongside a decline in crypto market sentiment, according to the Crypto Fear & Greed Index. The Index, which measures overall crypto market sentiment, reads a “Greed” score of 66, down 12 points from its “Extreme Score” of 78 the previous day.Related: Bitcoin price ‘breather’ expected as short-term traders realize $11.6B in profitCointelegraph recently reported that spot Bitcoin ETFs are on its way to potentially surpassing its monthly inflow record of $6.49 billion from November 2024. So far in May, spot Bitcoin ETFs have accumulated approximately $5.39 billion, with five trading days remaining in May.Meanwhile, several analysts recently suggested that Bitcoin is not showing any signs of overheating despite reaching new all-time highs this week, pointing to fundamentals suggesting that Bitcoin could rise further.CryptoQuant analyst Crypto Dan said on May 22, “Overheating indicators such as the funding rate and short-term capital inflow remain low compared to previous peaks, and profit-taking by short-term investors is limited.”Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye
According to a recent analysis from popular XRP commentator BarriC, the token’s current price makes it a tempting buy. He pointed to the fact that XRP sits at about $2.35 right now. That price is low compared with where he thinks it will go. He told followers to pick up as much as they can while the chance is there. Related Reading: Analyst Drops Dogecoin Bombshell: 174% Surge To $0.65 In Sight XRP Trading Below $3 XRP has climbed about 350% over the past year. That beat gains in some of the top altcoins in the market today. Yet many still see the move as slow. At $2.39 per coin, that view is easy to understand. Even so, BarriC calls anything under $3 a bargain. Predictions For A Rally Based on examination from his Twitter thread, BarriC expects XRP to hit $10 first. He then sees it pushing to $20 in the months ahead. Those moves would set a new high during what he calls the next alt season. If those figures come true, buyers who got in under $3 would see roughly a seven-fold gain at the $20 mark. $XRP will become very expensive to buy in the next few months and the next few years Right now, you can accumulate $XRP below $3 And somehow that’s considered a failure When $XRP skyrockets over the next few months and hits $10-$20 per #XRP That’s the new all time high… — BarriC (@B_arri_C) May 17, 2025 … But Possible Correction Ahead BarriC also warned of a pullback after a big rise. He thinks XRP could drop by about 50% once it reaches $20. That would put it back in the $5–$10 range. He sees that dip as a fresh chance to buy in. Even then, $5 is still higher than today’s $2.39. Long Term Vision For XRP Looking past the next cycle, BarriC outlined a bold scenario. He believes banks and big payment firms will use XRP for daily money transfers. In that case, demand could send the price all the way to $1,000 within 10 years. When banks start using $XRP We will know because of the insane price per $XRP We will see prices like $100, $500, $1,000 Per #XRP The fact that we can still accumulate $XRP at approx $2 means that banks aren’t utilising $XRP …. YET Once that day comes Once banks and… — BarriC (@B_arri_C) May 3, 2025 To reach that level, XRP’s market cap would top $58 trillion. That would put it on par with major pieces of the global money system. Technical Signals And Short-Term Outlook Technical indicators point to a possible drop to around $2.21 by June 22, 2025, which would be a -9.20% change from now. The current sentiment gauge reads Bullish, but the Fear & Greed Index sits at 0. Over the past 30 days, XRP had 13 out of 30 green days and showed about 5.10% price swings. Those numbers hint at mixed views. Some traders see room to run. Others expect more choppy action before the next big move. Related Reading: Only 5% Will Make It – XRP Expert Reveals Path To Riches Market watchers will be watching Ripple’s deals with banks and payment networks. If those start to speed up, we could see more buzz around XRP’s real-world uses. Until then, buying under $3 could look smart—or it could stay quiet for a while. Either way, investors will have to decide how much risk they want for the chance at a big payout in the years to come. Featured image from Gemini Imagen, chart from TradingView
Fidelity Digital Assets chose a single post on X to frame its latest research note: “Bitcoin is up ~63 % from its 2024 halving price with 27 % of this halving epoch completed. While past epochs saw triple-digit rallies, a new story may be unfolding: one of rising maturity, deeper adoption, and network resilience.” The tweet landed minutes after the firm released “2024 Bitcoin Halving: One Year Later,” authored by senior analyst Daniel Gray, who contends that the apparent lull in price action masks “a strengthening foundation.” Fidelity Flags Bitcoin’s Silent Surge “Bitcoin presents a nuanced narrative a year after its fourth halving, with signs pointing toward consolidation, network resilience, and growing institutional adoption,” Gray writes, adding that structural indicators “suggest a strengthening foundation.” While previous cycles delivered triple- and even quadruple-digit percentage gains by this stage, Gray argues the softer trajectory signals maturation: “History suggests that we would be well into the bull run at this point in the fifth epoch — but this cycle may be unfolding more cautiously.” From a market-share perspective the data are unequivocal. “Bitcoin’s market dominance excluding stablecoins has risen to just over 72.4% as of 11 May, a new eight-year high,” Gray notes, pointing out that Ether and Solana have surrendered ground even as “fragmentation on the long tail of assets has failed to produce a clear alternative leader.” Related Reading: Bitcoin From Pizza Day Era Still On The Move, Glassnode Reveals On-chain security metrics tell a similar story: “Bitcoin’s daily hash-rate rose above one zetta hash per second twice in April, reflecting continued investment in mining infrastructure despite a 60 percent collapse in hash price since the halving,” he observes. Spot-market behaviour has begun to echo those fundamentals. Bitcoin printed a record intraday high of $109,486 on 21 May before extending above $111,000 on so-called Pizza Day, holding near $110,600 at press time. The move has been underwritten by renewed demand from US spot ETFs, which drew $934.8 million of net subscriptions yesterday, May 22— the heaviest single-day haul in almost four weeks. Derivatives activity mirrors the trend: aggregate futures open interest reached a record $80 billion on May 23, up roughly 30% since the start of the month, according to CoinGlass data. Related Reading: Bitcoin Blasts To $111,867 All-Time High—Here’s What’s Driving The Surge Meanwhile, funding rates in most crypto exchanges are at the baseline or below it. “This is the least euphoric new all-time highs in the history of Bitcoin,” crypto analyst Alex Krüger (@krugermacro) wrote via X. Gray cautions that investors should focus less on headline returns and more on the architecture taking shape beneath them. “Although returns have been more measured compared to previous cycles, structural metrics suggest a strengthening foundation. Overall, it appears Bitcoin is potentially maturing—something investors may find more notable than short-term price movement,” he writes. His closing assessment is blunt: “One year post-halving, Bitcoin’s price performance may seem muted, but its fundamentals appear stronger than ever … this may be a cycle that redefines Bitcoin’s role in a modern portfolio.” In other words, Fidelity’s message for would-be spectators is as clear as its headline: do not blink. At press time, BTC traded at $109,563. Featured image created with DALL.E, chart from TradingView.com
Federal agents recovered $2.5 million in crypto from fraudulent investment schemes, underscoring an aggressive push to restore trust and integrity across digital asset markets. Federal Agents Just Froze Millions in Crypto—Here’s What They Found The U.S. Department of Justice (DOJ) announced on May 23 that it has secured the forfeiture of approximately $2.5 million in […]
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Data shows the Bitcoin market sentiment has broken into the extreme greed territory following the cryptocurrency’s new high above $111,000. Bitcoin Fear & Greed Index Has Shot Up Recently The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the sentiment held by the average trader in the Bitcoin and wider cryptocurrency markets. The metric uses a numerical scale running from 0-100 in order to represent the sentiment. All values above 53 represent greed among the investors, while those below 47 indicate fear. The index lying between these two cutoffs implies a net neutral mentality. Related Reading: Bitcoin From Pizza Day Era Still On The Move, Glassnode Reveals Besides these three main zones, there are also two ‘extreme’ regions called the extreme greed (above 75) and extreme fear (below 25). At present, the market sentiment is inside the former of the two, according to the latest value of the Fear & Greed Index. Historically, the extreme sentiments have held much significance for Bitcoin and other digital assets, as they have been where major tops and bottoms have tended to form. The relationship has been an inverse one, however, meaning that an overly bullish atmosphere makes tops likely and an excess of despair bottoms. Some traders exploit this fact in order to time their buy and sell moves. This trading technique is popularly known as contrarian investing. Warren Buffet’s famous quote sums up the core idea: “be fearful when others are greedy, and greedy when others are fearful.” With the Bitcoin sentiment now making a return into the extreme greed region, it’s possible that followers of this philosophy may be starting to look toward the exit. That said, the Fear & Greed Index has a value of ‘just’ 78 at the moment. For comparison, the December top occurred at around 87 and the January one at 84. Earlier in the rally, the metric even hit a much higher peak of 94 in November. As such, it’s possible that the current market may not be quite that overheated in terms of sentiment just yet, assuming demand from the investors doesn’t let off. It only remains to be seen, though, how Bitcoin and other cryptocurrencies would evolve under this extreme greed. Speaking of demand, whales have just made a significant amount of withdrawals from the Binance platform, as CryptoQuant community analyst Maartunn has pointed out in an X post. The indicator displayed in the chart is the “Exchange Netflow,” which tells us about the net amount of Bitcoin that’s moving into or out of the wallets associated with a centralized exchange, which, in this case, is Binance. Clearly, the Binance Exchange Netflow has observed a large negative value, implying that the investors have shifted a notable amount of coins out of the exchange. More specifically, net outflows for the platform have stood at 2,190 BTC or about $237 million. Related Reading: Dogecoin Breaks Out Of Bull Pennant—What’s The Target? This could potentially indicate demand from the big-money investors for HODLing the cryptocurrency in self-custodial wallets. BTC Price At the time of writing, Bitcoin is floating around $108,400, up over 4% in the last seven days. Featured image from Dall-E, CryptoQuant.com, Alternative.me, chart from TradingView.com
