Bitcoin (BTC) is currently trading at $103,318, reflecting a slight 0.19% decline over the past 24 hours. Despite this, BTC has demonstrated resilience, breaking through key resistance levels and signaling a bullish trend reversal with a Golden Crossover above the 200 SMA. Technical indicators like RSI (~68) and MACD suggest the asset is approaching overbought territory, hinting at a possible pullback before resuming its uptrend. Whale activity, including a $390 million long position, underscores bullish sentiment, while regulatory developments like the GENIUS Act could provide further clarity. Bitcoin’s short-term forecast remains neutral to slightly bullish, contingent on breaking above $104,500.
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XRP Breakout Confirmed: Bullish Reversal Signals $3.57 Target
Technical analyst ‘BigMike7335’ has identified a decisive bullish reversal for XRP, with the token breaking through a six-month resistance level at $2.40. The breakout, supported by moving averages and Ichimoku cloud analysis, confirms an inverted head-and-shoulders pattern, projecting a target of $3.57. Momentum indicators like RSI and stochastic oscillator further validate the upward move, though key support at $1.66 remains a critical risk level. The breakout occurred amid market distraction over Coinbase’s S&P 500 inclusion, reinforcing XRP’s independent bullish momentum. At press time, XRP traded at $2.60.
read moreRipple’s XRP: Legal Wins, ETF Hopes & Price Surge
Ripple’s legal battle with the SEC may be nearing resolution, with a proposed $50 million settlement—a significant reduction from the initial $125 million fine. Meanwhile, the crypto community eagerly awaits SEC decisions on spot XRP ETFs, with Grayscale’s proposal deadline set for July 2. Ripple’s stablecoin, RLUSD, continues gaining traction, though it remains dwarfed by USDT and USDC. XRP’s price recently hit a two-month high, with analysts predicting further gains, citing technical patterns and on-chain data. The asset’s momentum reflects growing investor confidence amid regulatory clarity and product expansion.
read moreRobinhood Acquires WonderFi for $179M to Enter Canada
Robinhood is set to expand into the Canadian crypto market by acquiring WonderFi, a Vancouver-based firm operating exchanges Bitbuy and Coinsquare, in a $179 million all-cash deal. The acquisition represents Robinhood’s first major move into Canada, following its European expansion efforts. WonderFi, backed by Shark Tank’s Kevin O’Leary, holds $2.1 billion in assets under custody, while Robinhood reported $27.4 billion in crypto holdings for Q1 2024. Analysts see this as a strategic step, potentially generating $250 million in annual revenue for Robinhood long-term. Both companies saw significant stock price jumps post-announcement, with Robinhood shares up 6.4% and WonderFi’s surging 34%. The deal aligns with Robinhood’s broader crypto expansion, including its pending acquisition of Bitstamp.
read moreXRP Surges to 2-Month High Amid Whale Activity
XRP’s price soared above $2.6 for the first time since early March, driven by a whale’s $12 million long position. The rally followed a period of underperformance compared to other large-cap altcoins, with XRP previously at $2.4 after a modest 9% weekly gain. A SuperTrend indicator had earlier signaled a buy target of $2.6, which XRP surpassed, reaching $2.67 on Bitstamp. The surge propelled XRP to become the third-largest cryptocurrency by market cap, though it continues to swap places with USDT due to volatility. The whale behind the move had also profited from a similar Ethereum position, with $10 million in unrealized gains. Analysts now eye $3 as the next resistance level if XRP holds above $2.6.
read moreBitcoin Nears $106K as Altcoins Surge Post US-China Tariff Ease
Bitcoin’s price soared to almost $106,000, its highest in four months, after the US and China agreed to reduce tariffs, boosting market sentiment. Altcoins like Pi Network (up 60%) and meme coins such as WIF (45%) led the charge, while Ethereum and XRP saw modest gains. The total crypto market cap rose to $3.5 trillion, adding $50 billion in a day. Trade talks between the US and China, along with a UK deal, contributed to Bitcoin’s breakout past $100,000. Despite brief resistance at $104,000, BTC’s dominance dipped to 59.5% as altcoins outperformed.
read moreLitecoin Inflows Signal Potential 300% Surge
Litecoin (LTC) is attracting strong inflows across major exchanges like Coinbase, Binance, and Kraken, signaling growing institutional and retail interest. Analyst Master Ananda predicts a potential 300% surge in the next crypto cycle, citing technical indicators and disciplined trading strategies. Despite the SEC delaying the Litecoin ETF decision until 2025, optimism remains high, especially with Luxxfolio Holdings’ treasury strategy involving LTC. Current price trends and global accumulation suggest LTC could be poised for significant growth, making it a key asset to watch in the crypto market.
read moreBitcoin Surges 3% as Shorts Struggle, Nears $97K
Bitcoin (BTC) climbed 3% on May 1, reaching $96,955 on Bitstamp—its highest level since February 22. The upward momentum pressured short sellers as BTC continued its relentless rally on low timeframes. Meanwhile, gold followed commodities lower, losing its appeal as Bitcoin gained traction. The crypto’s rise aligned with a strong Wall Street open, where Microsoft surged 10% to become the world’s most valuable public company. With Bitcoin inching closer to six figures, traders are closely watching for a potential breakout or pullback.
read moreRobinhood Q1 2025 Revenue Beats Estimates on Crypto Surge
Robinhood Markets outperformed analyst forecasts with $927 million in Q1 2025 revenue, including $252 million from crypto – a 100% year-over-year increase. The company’s acquisition of Bitstamp and growing Robinhood Gold subscriptions (now 3.2 million users) fueled this growth. Despite market volatility from US-China trade tensions, Robinhood saw 114% net income growth to $336 million. Bitcoin’s price swings (from $75,100 in April to $95,000) reflected broader crypto market turbulence, though investors continue using digital assets as inflation hedges. Robinhood shares remain up 197% year-over-year despite a slight 1% daily dip.
read moreMonero’s Price Surge Linked to $330M BTC Theft
Monero (XMR) experienced a dramatic 52% price surge, reaching a four-year high, which on-chain investigator ZachXBT linked to a suspicious $330M Bitcoin transfer. The stolen BTC was allegedly laundered through instant exchanges and swapped for XMR, fueling speculation about market manipulation. Despite the controversy, analysts suggest XMR could be poised for a breakout, mirroring its 2021 cycle-high trajectory if it maintains its current price range. Meanwhile, ZachXBT dismissed theories linking the theft to North Korea’s Lazarus Group or the 2014 Bitstamp hack, pointing instead to a potential social engineering victim.
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