Category: Cryptocurrency News

Probably not relevant to anyone hehe, but still – I re-compiled kapowminer for the 5090 and included containerization. Hope this isn't breaking any rules, just sharing. submitted by /u/Hootnany [link] [comments]

Bitcoin has surged to $104,300, confirming the uptrend and reinforcing the bullish outlook that many analysts projected for 2025. This move places BTC deep into range-highs territory, with the next major challenge now clearly in sight: the all-time high at $109,000. The market’s strength comes on the back of strong technical performance and increasingly optimistic sentiment, as BTC continues to lead the crypto rally and altcoins follow suit. Related Reading: Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80 On-chain data from CryptoQuant adds further weight to the bullish narrative. One standout metric highlights the growing confidence among large holders: the absolute difference between the Realized Price of new whales and old whales now stands at $59.7K. Specifically, new whales have entered the market at an average price of $91.9K, while old whales’ basis remains at $32.2K. This translates to a 185% relative spread to the long-term holder (LTH) basis—a massive divergence. This wide gap signals that a new wave of high-conviction buyers is entering the market at significantly elevated prices. Unlike the cautious whale accumulation during previous cycle lows, this phase reflects strong belief in continued upside, even at premium levels. It’s a clear sign that institutional FOMO may be kicking in. Bitcoin Faces Resistance At $104K As Whale Activity Signals Growing FOMO Bitcoin is currently encountering resistance around the $104,000 mark—a level that may take time to break as it represents a critical barrier before entering price discovery above the all-time high near $109,000. The recent rally has shown remarkable strength, but as BTC consolidates just below its ATH, some selling pressure is expected.  A successful breakout could lead to a swift surge beyond $109K; however, failure to do so may result in short-term consolidation or retracement. Top analyst Axel Adler shared key on-chain insights on X that highlight the evolving psychology of Bitcoin’s largest holders. According to Adler, the absolute difference between the Realized Price of new whales ($91.9K) and old whales ($32.2K) is $59.7K, representing a 185% relative spread to the long-term holder (LTH) basis. This sharp divergence reveals that new “whales” are entering the market at nearly three times the price of early entrants. In comparison, the same spread in November 2022 was only 62%, indicating more cautious accumulation near the market bottom. The current surge to 185% reflects rising confidence and FOMO, with large buyers willing to accumulate even at elevated prices. For context, during the 2021 cycle peak at $63K, the spread widened to 437%. Related Reading: Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery This trend suggests that the market is entering a more aggressive accumulation phase, where belief in higher prices is driving demand despite the premium. If bulls manage to absorb the resistance around $104K, it could mark the start of a parabolic move—fueled not just by momentum, but by conviction from both retail and institutional players betting on a new Bitcoin all-time high. BTC Price Analysis: Key Levels To Watch Bitcoin is trading around $103,000 after reaching a high of $104,300 earlier today. The 4-hour chart shows BTC facing resistance at the $103,600 level, which aligns with a key supply zone from late December 2024 and early January 2025. This area acted as a previous rejection point during the last major rally and is now being tested again as potential resistance. BTC’s recent surge from the $87K–$90K consolidation zone has been aggressive, breaking above both the 200 EMA and 200 SMA (currently at $91,806 and $89,400, respectively) with strong volume. This confirms bullish strength and trend continuation, suggesting that buyers are still in control. However, the current range between $103K and $104K is historically significant, and bulls may need to absorb selling pressure before attempting a move toward the all-time high near $109K. Related Reading: XRP Bulls Expect A Breakout As Price Compresses Between Key Levels – Details If BTC consolidates above $100K and holds this level as new support, it would strengthen the case for continued upside. On the flip side, failure to break above $103,600 cleanly could lead to a short-term pullback. Market structure remains bullish overall, but this resistance zone will be critical in determining whether Bitcoin enters price discovery or pauses for accumulation. Featured image from Dall-E, chart from TradingView

U.S. banks get green light to expand crypto services with fresh OCC guidance fueling regulatory clarity and innovation in digital assets. New OCC Guidance Expands Crypto Role for Banks The Office of the Comptroller of the Currency (OCC) announced on May 7 the release of Interpretive Letter 1184, offering fresh guidance that reaffirms national banks’ […]

Microsoft-backed Space and Time has launched its public and permissionless mainnet, which is designed to deliver zero-knowledge (ZK)-proven data directly to smart contracts. Empowering Developers to Build Secure, Data-Driven Onchain Applications Space and Time, a blockchain platform backed by tech giant Microsoft, has officially launched its public and permissionless mainnet. The platform is designed to […]

The Dogecoin price appears to be on a continued rebound, with bulls regaining some control over the market after weeks of sideways trading and downward pressure. However, the momentum is being tested as strong resistance builds around the $0.205 level. A recent analysis highlights this crucial zone and outlines the roadmap for Dogecoin’s next move.  Dogecoin Price Recovery Faces Critical Resistance TradingView crypto analyst Lingrid recently shared a technical analysis featuring a classic continuation pattern unfolding for Dogecoin. The analyst revealed that the Dogecoin price is attempting a recovery after rebounding from a key ascending trendline and breaking out of a Falling Wedge pattern.  Related Reading: Dogecoin Price Ready For Next 500% Wave, Here’s The Target Following this, Dogecoin is now retesting the breakout level around $0.175, where both the wedge resistance and ascending trendline converge. The cryptocurrency has also formed a higher low structure on its price chart. Notably, this breakout zone is critical, as holding above it would confirm the breakout and set the stage for potential gains.  Lingrid has revealed that traders are currently watching closely for continuation toward the next resistance area. The $0.19 level has been set as the next immediate breakout target, aligning with the top of the previous range and the midpoint of the broader resistance area.  A push beyond $0.19 would open the door for a run toward the range between $0.2 – $0.21, a key resistance area where selling pressures could intensify. While Dogecoin’s structure remains relatively bullish with higher lows forming, Lingrid has also cautioned that overhead resistance near $0.19 and $0.2 could slow down the momentum.  Notably, Dogecoin’s trading volume will also play a key role in its price action and future moves. As the price approaches the wedge apex, fluctuations in volume could either sustain the strength of the rally or weaken it. DOGE To Decline Further If Support Fails Since the beginning of this year, the Dogecoin price has recorded its fair share of unexpected price declines and volatility. While Lingrid’s analysis shares encouraging signs of a potential price recovery and bull rally, Dogecoin’s breakout remains at risk. Related Reading: Dogecoin Price Poised For Breakout Amid Accumulation, Here’s The Target If its price fails to hold the critical support zone at $0.175, especially with a strong candle close below this level, the projected breakout could be invalidated. This would, in turn, potentially lead to a steeper price breakdown toward $0.15, representing a 25% decrease from its current market value of $0.2.  Lingrid also mentions that a failure to maintain buyer interest near the wedge apex and weakening volume could also contribute to market indecision, making a swift recovery less likely. As a result, traders are advised to watch the $0.175 zone closely as a key breakout point that will determine whether Dogecoin resumes its climb or faces renewed downward pressure. Featured image from Getty Images, chart from Tradingview.com

The newly launched DOOD token from Ethereum-based NFT project Doodles has seen a steep drop in market capitalization following its May 9 airdrop on the Solana network.According to data from DEX Screener, DOOD’s market cap fell from over $100 million shortly after launch to around $60 million at the time of writing.Overall, the much-anticipated airdrop was “[d]efinitely underwhelming,” a crypto commentator said in a May 9 X post. DOOD token performance on May 9. Source: DexScreenerRelated: Doodles NFT sales surge 97% ahead of DOOD token airdropFalling NFT values Joining the trend, NFTs in Doodle’s flagship collection sharply dropped in value on May 9.The collectibles are down roughly 60% to less than 1.5 Ether (ETH) per NFT from about 3.5 ETH on May 8, according to OpenSea. As of May 9, the NFTs are collectively worth around $31 million, according to data from CoinGecko. The price of Doodles NFTs dropped by roughly 60% after the airdrop. Source: OpenSeaNFT prices often dip immediately after an airdrop, as holders look to capitalize on their allocations by selling into the market. For instance, sales of Doodles’ NFTs surged by some 97% on May 8 in anticipation of the airdrop. Over the past week, Doodles clocked roughly $2.6 million in total sales volume, up more than 350% from the week prior, according to data from CryptoSlam.Doodles announced its token launch in February, outlining plans to mint 10 billion DOOD tokens on Solana (SOL) and to eventually bridge them to Base, an Ethereum layer-2.Doodles is the latest Ethereum-native NFT brand to list a token on the Solana network. It follows Pudgy Penguins, an even larger NFT project that airdropped its PENGU token on Solana in December. Similarly to Doodles, Pudgy Penguin’s token dropped by around 50% on the day of its airdrop. The PENGU token’s market cap reached an all-time high of roughly $2.8 billion and has since traded down to roughly $900 million, according to CoinGecko.Magazine: Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex

The newly launched DOOD token from Ethereum-based NFT project Doodles has seen a steep drop in market capitalization following its May 9 airdrop on the Solana network.According to data from DEX Screener, DOOD’s market cap fell from over $100 million shortly after launch to around $60 million at the time of writing.Overall, the much-anticipated airdrop was “[d]efinitely underwhelming,” a crypto commentator said in a May 9 X post. DOOD token performance on May 9. Source: DexScreenerRelated: Doodles NFT sales surge 97% ahead of DOOD token airdropFalling NFT values Joining the trend, NFTs in Doodle’s flagship collection sharply dropped in value on May 9.The collectibles are down roughly 60% to less than 1.5 Ether (ETH) per NFT from about 3.5 ETH on May 8, according to OpenSea. As of May 9, the NFTs are collectively worth around $31 million, according to data from CoinGecko. The price of Doodles NFTs dropped by roughly 60% after the airdrop. Source: OpenSeaNFT prices often dip immediately after an airdrop, as holders look to capitalize on their allocations by selling into the market. For instance, sales of Doodles’ NFTs surged by some 97% on May 8 in anticipation of the airdrop. Over the past week, Doodles clocked roughly $2.6 million in total sales volume, up more than 350% from the week prior, according to data from CryptoSlam.Doodles announced its token launch in February, outlining plans to mint 10 billion DOOD tokens on Solana (SOL) and to eventually bridge them to Base, an Ethereum layer-2.Doodles is the latest Ethereum-native NFT brand to list a token on the Solana network. It follows Pudgy Penguins, an even larger NFT project that airdropped its PENGU token on Solana in December. Similarly to Doodles, Pudgy Penguin’s token dropped by around 50% on the day of its airdrop. The PENGU token’s market cap reached an all-time high of roughly $2.8 billion and has since traded down to roughly $900 million, according to CoinGecko.Magazine: Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex

The newly launched DOOD token from Ethereum-based NFT project Doodles has seen a steep drop in market capitalization following its May 9 airdrop on the Solana network.According to data from DEX Screener, DOOD’s market cap fell from over $100 million shortly after launch to around $60 million at the time of writing.Overall, the much-anticipated airdrop was “[d]efinitely underwhelming,” a crypto commentator said in a May 9 X post. DOOD token performance on May 9. Source: DexScreenerRelated: Doodles NFT sales surge 97% ahead of DOOD token airdropFalling NFT values Joining the trend, NFTs in Doodle’s flagship collection sharply dropped in value on May 9.The collectibles are down roughly 60% to less than 1.5 Ether (ETH) per NFT from about 3.5 ETH on May 8, according to OpenSea. As of May 9, the NFTs are collectively worth around $31 million, according to data from CoinGecko. The price of Doodles NFTs dropped by roughly 60% after the airdrop. Source: OpenSeaNFT prices often dip immediately after an airdrop, as holders look to capitalize on their allocations by selling into the market. For instance, sales of Doodles’ NFTs surged by some 97% on May 8 in anticipation of the airdrop. Over the past week, Doodles clocked roughly $2.6 million in total sales volume, up more than 350% from the week prior, according to data from CryptoSlam.Doodles announced its token launch in February, outlining plans to mint 10 billion DOOD tokens on Solana (SOL) and to eventually bridge them to Base, an Ethereum layer-2.Doodles is the latest Ethereum-native NFT brand to list a token on the Solana network. It follows Pudgy Penguins, an even larger NFT project that airdropped its PENGU token on Solana in December. Similarly to Doodles, Pudgy Penguin’s token dropped by around 50% on the day of its airdrop. The PENGU token’s market cap reached an all-time high of roughly $2.8 billion and has since traded down to roughly $900 million, according to CoinGecko.Magazine: Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex

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