The market’s demands for fresh and innovative content are constantly increasing, which puts a strain on content creators who struggle to keep up. SUBBD ($SUBBD) is a crypto project created with this issue in mind, and its popularity is already skyrocketing, which is why it is labeled as the best Al crypto presale. This project…
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Once, meme coins were just mere fun and no utility, so investors didn’t give them much credit. Still, as of recently, things have changed, with meme coins now offering a lot of innovation, real-world capabilities, and strong communities. Among the top meme coins in 2025 is Solaxy, the first-ever L2 on Solana, with very…
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After soaring over 10% on Wednesday, Ethereum (ETH) has jumped past the $2,000 mark for the first time since March, leading some analysts to suggest that the second-largest crypto could reclaim its macro range in the coming days. Related Reading: XRP Is Forms Bullish Reverse Dragon Head Pattern, How High Can Price Go? Ethereum Hits Seven-Week High For the first time in over a month, Ethereum has retested the $2,000 resistance, hitting a seven-week high of $2,075. The King of Altcoin lost this level at the end of March, nosediving to its two-year low of $1,385 in the following weeks. Amid the late-April market recovery, ETH climbed above crucial levels, reclaiming the $1,600-$1,750 zone over the last 14 days. Earlier this week, the cryptocurrency finally reclaimed the $1,800 resistance, but some investors worried about its sideways price action and a potential drop to lower support levels. Nonetheless, Ethereum soared by 8.3% toward the $1,950 level after US President Donald Trump revealed yesterday that a “major trade deal” with a “big, and highly respected, country” would be announced on May 8. On Thursday, Trump’s $6 billion deal with the UK pushed ETH past the $2,000 mark and near the $2,100 level. Analyst Rekt Capital highlighted the “strong breakout so far,” noting that the cryptocurrency held the bottom of its historical demand zone and rebounded around 14% to the top of the range. After the price jump, the analyst explained that ETH must turn the $1,930 level into support to avoid an upside wick and rejection, and confirm a breakout toward the $2,200 area. “Ethereum will need to simply stay above $1930 to continue to be positioned for a revisit of $2200 (black). The goal for ETH is to use this light blue historical demand area to resynchronise with its $2200-$3900 Macro Range,” he detailed. ETH Eyes New Bull Rally Rekt Capital also pointed out ETH’s dominance was “upticking after making new All Time Lows,” which resembles its 2020 performance. At the time, the cryptocurrency’s dominance bounced after making a new low, surging toward higher levels in the following months. Meanwhile, Daan Crypto Trades noted that Ethereum is testing its range high against its BTC trading pair. According to the post, “this move is tiny compared to what it has to make up for to see some proper relief. You can however already see the market wide impact it has on alts by just moving ~7% against BTC.” Despite looking “decent” after the price jump, the trader advised investors not to get overexcited until ETH/BTC breaks out and holds above the 0.0202 range high. “If it does that, we can get a setup for a larger potential few week reversal in ALT/BTC pairs and for BTC.D to come down. For now, still rangebound,” Daan explained. Related Reading: Injective (INJ) Gearing Up For $10 Level Retest – Is A Bullish Reversal Ahead? He also suggested that investors should be prepared for a big price move, as this performance “generally ends in violent fashion with a big wick towards the upside before cooling off.” Ali Martinez highlighted that the key supply barrier for the cryptocurrency sits at around $2,380, where 12.72 million addresses bought 69.6 million ETH. According to the analyst, “clearing this level could ignite a new bull rally.” As of this writing, Ethereum trades at $2,050, a 13.5% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
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B3 will launch these new futures on June 16, opening new investment avenues for institutional buyers seeking crypto asset diversification. The bourse also announces changes to bitcoin futures to increase the accessibility of these products, given bitcoin’s recent price hike. Brazilian B3 Announces Solana, Ether Futures Launch; Reduces Bitcoin Futures’ Contract Price The Brazilian Stock […]
Key Takeaways: German police seized €34 million in crypto and 8TB of data from darknet swapping service eXch. The operation dismantled a major laundering hub linked to $1.9 billion in criminal activity. Authorities coordinated internationally and signaled a shift toward proactive crypto enforcement. In a decisive blow against crypto-fueled cybercrime, German authorities have shut down…
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Key points:Bitcoin (BTC) is at its highest levels since January, and traders are eyeing key levels to watch for what’s next.After hitting $104,000, BTC/USD is retracing to establish support, but the fate of $100,000 is among the concerns for market participants.Current price action represents an important battleground, as measured from the $75,000 lows this year.” Headline driven” BTC price gains draw scrutinyJust $6,000 from new all-time highs, per data from Cointelegraph Markets Pro and TradingView, BTC price action has stunned the market by jumping 10% in days.The pace of the BTC price gains has come as a surprise for many, but longer-term perspectives show where the most difficult battleground lies.“Since this current impulse was primarily headline driven again this puts markets into a crucial & critical trading day,” trader Skew said about the impetus for the move in an X post on May 8.Skew refers to a common theme uniting BTC price volatility in recent weeks and months. Bitcoin and risk assets have become highly sensitive to headlines and even social media posts involving US President Donald Trump and his trade tariffs.The latest event involves a trade deal between the US and UK, but how long optimism endures remains an open bet.“I’m sure markets are hoping this has a kick on effect to get trade deals on the table for other major trade parties like EU & China,” Skew continued.Another X post said what is needed now are “passive flows,” strong volume to support newly revisited levels and turn them into strong support.Skew added:“Passive flows will be important for accepting higher value especially after such a large market bid which led price to break $100K.”BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewFibonacci levels spotlight crucial bull market battleCurrent local highs for BTC/USD have breached the $104,000 mark, and zooming out, Fibonacci retracement analysis reveals that price is now in a key zone.“$BTC is at the last technical level to clear before new ATHs,” commentator Patric H. announced in an X post. “Bitcoin has already decisively cleared the 1.618 FIB and is now trading at the volume-area high (VAH) + a weak resistance trendline.”BTC/USDT 1-day chart with Fibonacci levels. Source: Patric H./XAn accompanying chart offered important Fibonacci levels as measured from Bitcoin’s local lows around $75,000.Another trading account, Kingpin Crypto, revealed a conspicuous breakout attempt for the 1.618 Fibonacci level on the monthly chart.“Rejection and pullback from 1.618 lasted a bit longer till May. However, can’t deny how beautifully the fib level played out,” it said.BTC/USDT 1-month chart with Fibonacci levels. Source: Kingpin Crypto/XLiquidations waiting in the wingsA cautionary note involved order book liquidity at current levels.Related: How high can Bitcoin price go?The latest data from monitoring resource CoinGlass showed price eating away at bids immediately below $103,000, with the bulk of interest clustered below $100,000.To the upside, however, little friction remained, with the bulk of liquidations having already occurred on the return to six figures.Bitcoin liquidation heatmap (screenshot). Source: CoinGlass“There’s much less short liquidity clustered above,” trader TheKingfisher confirmed on X. “This notable imbalance makes the downside liquidation zone a potential key area to watch for volatility or price attraction.”Bitcoin exchange order book liquidity data. Source: TheKingfisher/XThis 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.
Data shows the Bitcoin derivatives trading volume has been higher than the spot one during BTC’s latest recovery rally beyond $100,000. Bitcoin Trading Volume Ratio Has Declined Under The 1.0 Mark Recently In a new post on X, CryptoQuant author Axel Adler Jr has talked about the trend in the Trading Volume Ratio for Bitcoin. The “Trading Volume Ratio” is an indicator that keeps track of the ratio between the amount of the asset becoming involved in trading on spot exchanges and that on derivatives ones. When the value of this metric is greater than 1, it means the spot platforms are witnessing a higher amount of trading volume than the derivatives ones. On the other hand, it being under the threshold suggests the dominance of derivatives trading activity among the investors. Related Reading: Bitcoin Resistance Limited Beyond $100,000, On-Chain Data Suggests Now, here is the chart shared by the analyst that shows the trend in the Bitcoin Trading Volume Ratio over the last couple of years: As displayed in the above graph, the Bitcoin Trading Volume Ratio has been sitting under the 1 mark recently, suggesting volume on the derivatives platforms has been outpacing that on the spot ones. This has maintained while the cryptocurrency has gone through its latest leg of the recovery rally, which has taken its price back above the $100,000 level. From the chart, it’s visible that the trend was different during last month’s rally. This previous leg of the run was accompanied by a spike in the Trading Volume Ratio above the 1 level, an indication that spot trades were potentially the main fuel behind it. Historically, sustainable price rallies have generally been of this kind; runs that are borne out of high speculative activity on the derivatives market tend to be unstable. Given that the derivatives market has dominated in this rally so far, it’s possible that it could have trouble lasting. Though, it only remains to be seen how things would develop for Bitcoin. In some other news, Ethereum is extremely undervalued compared to Bitcoin, as the on-chain analytics firm CryptoQuant has revealed in an X post. The indicator shared by the analytics firm is the ratio between the Ethereum and Bitcoin Market Value to Realized Value (MVRV) Ratios. The MVRV Ratio is a popular on-chain metric that basically keeps track of the profit-loss situation of the investors as a whole. Related Reading: Only XRP Still In Profit Among Euphoric Buyers—BTC and SOL Deep In Losses As is visible in the chart, the MVRV Ratio of ETH is very low compared to the one for BTC right now. “Historically, this led to Ethereum outperforming,” notes CryptoQuant. “However, supply pressure, weak demand, and flat activity could stall a rebound.” BTC Price Following a surge of nearly 3% in the last 24 hours, Bitcoin has managed to break above the $101,000 level. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Key Takeaways: The SEC has resolved its Ripple Labs lawsuit, lowering the fine from $125 million to $50 million. Commissioner Caroline Crenshaw vehemently criticizes the agreement, describing it as a decline in legal responsibility and investor protection. The action shows a more general change in the SEC’s attitude toward crypto control during the Trump administration.…
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Meta is contacting infrastructure providers to explore the implementation of stablecoins with a payout use case in mind. The development would mark a new start for the company’s crypto plans after dropping the Libra project. Meta Reportedly Mulling Stablecoins for Small Payouts to Creators Meta, the social behemoth, is reportedly getting into the world of […]
