Mt. Gox has transferred over 12,000 Bitcoin, valued at more than $1 billion, amid speculation of upcoming creditor distributions as Bitcoin’s price hovers around $92,000. Analysts suggest that reclaiming the $97,000 level could propel BTC towards $150,000, despite mixed institutional sentiment and ongoing repayment delays until October 2025.
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0 in Finance and 0 in Crypto last weekChainlink price analysis suggests potential 30 percent rally ahead
Chainlink (LINK) has seen a price increase of over 4% recently, trading around $17.22 after a nearly 13% rally. Positive on-chain data, including a high long-to-short ratio and favorable funding rates, suggest a potential 30% surge if key support levels hold above $16.59. However, a weekly close below this level could invalidate the bullish outlook.
read moreChainlink Price Rally Targets 30 Percent Upside as Support Holds Strong
Chainlink (LINK) has gained over 4% recently, trading around $17.22 after a nearly 13% rally. Key support levels at $16.59 and $16.91 are crucial for maintaining bullish momentum, with a potential 30% upside targeting $22.05 if these levels hold. However, a weekly close below $16.59 could invalidate this bullish outlook, risking a drop to $13.08.
read moreWeakening US Dollar May Boost Crypto Market in Second Quarter
Raoul Pal, CEO of Real Vision, suggests that a declining US dollar could boost the crypto market in Q2, with Bitcoin already rising nearly 4% in 24 hours. He emphasizes that a weaker dollar often drives investors towards crypto assets as alternatives for wealth protection. Historically, the second quarter has been favorable for Bitcoin, averaging returns of 26.89% since 2013.
read moreEthereum Price Update and Pectra Upgrade Issues on Sepolia Testnet
Ethereum’s Pectra upgrade has resumed normal operations on the Sepolia testnet after developers fixed a bug in its deposit contract. Despite these challenges, ETH is struggling to maintain the $2,200 support level, with recent futures liquidations totaling $44.63 million. If ETH fails to hold this support, it may drop to around $1,500, while a recovery could see it retest resistance near $2,850.
read moreSolana Price Stagnates Amid Market Hesitation and Supply Pressure
Solana’s price remains stagnant below $150, hindered by the recent unlocking of 3 million SOL tokens by FTX and Alameda, which adds significant supply pressure. Despite positive market sentiment from potential tariff rollbacks, traders are hesitant, with open interest around $4 billion indicating a cautious approach. The price is expected to trend sideways as it navigates between key resistance at $161.88 and support at $130.66, with a bearish momentum persisting until a breakout occurs.
read moreXRP Targets Major Rally Amid Market Cap Shift with Ethereum
XRP is experiencing a significant shift, with its market cap gap to Ethereum narrowing by 33% since November 2024. Analysts suggest that if XRP can break its long-term resistance at 0.0012, it could trigger a parabolic rally of up to 160%, potentially surpassing Ethereum in market cap.Despite a highly fearful market, XRP’s price has shown resilience, averaging between $2.29 and $2.61 by mid-2025. However, futures traders remain sidelined, with open interest dropping significantly, indicating a lack of engagement in the futures market.
read moreBitcoin Cash Price Surges as Transactions and Open Interest Reach New Highs
Bitcoin Cash (BCH) is experiencing a significant rally, rising over 7% to approximately $342, supported by increased network activity and a spike in open interest in futures markets, which reached $238.48 million. The transaction rate hit an all-time high of 3.6, indicating heightened trader interest. Technical indicators suggest potential further gains, with a resistance level at $390.5, while maintaining support above $279.2 is crucial to sustain the bullish momentum.
read moreEthereum Pectra Upgrade Could Trigger Major Liquidations if Price Drops
Ethereum’s Pectra upgrade has launched on the Holesky testnet, marking significant advancements for validators and wallets, with a mainnet launch anticipated soon. However, if ETH falls below $2,107 and $2,049, it could trigger liquidations exceeding $700 million, while a rally is needed to retest resistance levels at $2,600 and $2,700. Key features include increased staking limits and enhanced wallet functionalities, aiming to improve user experience.
read moreBitcoin Price Drop Triggers One Billion Dollars in Liquidations in 24 Hours
Bitcoin’s price has plunged below $83,000, resulting in $1 billion in liquidations within 24 hours, primarily affecting long positions, which accounted for over 80% of the total. Major exchanges like Bybit and Binance saw the highest liquidation volumes, with Bitcoin and Ethereum being the most impacted cryptocurrencies. Despite the downturn, some analysts remain optimistic about a potential bullish rally, citing filled CME gaps and strong fundamentals as indicators for future recovery.
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