Connect with us
  • tg

Cryptocurrency

4 Good Signs for Bitcoin Prices in May With $100K Back in View

letizo News

Published

on

BTC tumbled from $109K on Jan. 21 to find support at $75K in late March. Then, after a final bear test above $75K on Apr. 9, bulls came roaring back to close out April above $95K.

Trump Scare, Massive BTC Rally Repeat?

One popular Crypto X analyst noticed in April a familiar pattern in Bitcoin’s price rebound following the sell-off after the coronavirus shock.

Global financial markets are back to placing bets after pulling their cash in during the Trump second term and tariff panic. Major participants in the Bitcoin economy may be seeing similarities between now and the last time Trump started pushing Fed Chair Jerome Powell for interest rate cuts.

The last time this happened, Bitcoin grew 12 times in market prices in 24 months.

Crypto Markets Feeling Bullish Again

That’s an average annualized ROI of 550% from 2019 to 2021. For comparison, the S&P 500 Index delivered an average yearly ROI of 10% since 1957.

It’s no wonder institutions are bullish on the original blockchain cryptocurrency.

Even the doctor of Bitcoin doom himself, EuroPac’s Peter Schiff, made a big about-face in a tweet storm on X, asking followers to donate BTC to him that he promises he will never sell.

For anyone who’s been keeping the score with Schiff’s anti-crypto texts, this is some kind of bizarro world.

Here are four reasons the little currency is looking so good for crypto bulls in May.

1. Wall Street Bitcoin ETFs Insatiable in April

The entry of Wall Street buyers via Bitcoin ETFs pushed BTC prices up for almost all of 2024. Institutional investors also delivered massive capital inflows to MicroStrategy (now Strategy) and Bitcoin miners in 2023, signaling pent-up demand.

Now that stock traders are a tidal force on the cryptocurrency economy, Bitcoin ETF inflows and outflows respond to and affect the asset’s price. Manhattan markets flipped wildly bullish for BTC in April.

Bitcoin ETFs saw uninterrupted daily inflows from Apr. 17 to Apr. 29, a couple of times verging on a billion dollars for the day’s trades.

By Apr. 28, Bitcoin ETFs saw $3.06 billion in total weekly inflows, the second-highest on record.

Meanwhile, Bitwise chief investment officer Matt Hougan wrote in a note to investors that he expects ETF flows to continue to expand sustainably.

“I still expect bitcoin ETFs to set a new record for net inflows this year,” Hougan said, “despite pulling in ‘just’ $3.7 billion so far in 2025, compared to $35 billion in 2024.”

2. Semler Scientific Buys $15.7M BTC

In addition to the high demand for Bitcoin exchange-traded funds by investors, corporations continue to ramp up the global race to stockpile Bitcoin. That limits the supply available on exchanges and pushes the price up further.

Virginia-based Strategy started off this incredible demand for BTC to shore up its balance sheets. It works as an inflation shelter, macro hedge, and a way to increase returns on investment when the asset has a good year.

On Apr. 30, California-based health care tech company Semler Scientific announced a 165 BTC buy for around $15.7 million. Semler reported:

“As of April 29, 2025, Semler Scientific held 3,467 bitcoins, which were acquired for an aggregate $306.1 million at an average purchase price of $88,263 per bitcoin, inclusive of fees and expenses and had a market value of $330.6 million…”

When Semler first started buying BTC last May, its stock surged 38% as a result.

Meanwhile, Strategy made another billion-dollar Bitcoin buy announced on Apr. 28. That brings its total holdings to 553,555 BTC acquired for an average of $68.5K per BTC.

3. Arizona Moves to Stockpile Bitcoin

It’s not just US corporations piling on Bitcoin. Following in the lead of the White House initiative to establish a national reserve, several states are moving to add the asset to their books.

In April, Arizona joined them with a move by the legislature to establish a state Bitcoin reserve. That leaves the matter in the hands of a governor, who could sign one into law with a pen stroke any day now.

“Crypto and bitcoin have a huge following nationwide and in Arizona,” said Arizona state Sen. Wendy Rogers, who co-sponsored the bill. “They are wildly popular with the youth and independents.”

This is the first state legislative approval to establish a BTC reserve. While several states are seriously exploring it, the Copper State may just kick off a rush in other statehouses.

4. Bitcoin Whales’ Big Buying Spree

Cryptocurrency markets are nothing without their whale-sized traders. Big moves by these behemoth investors tend to forecast future price moves because the big money has incentives and resources at scale to make smart bets.

As a result, whale splashes in the Web3 liquidity pools can cause future movements in market prices and become self-fulfilling prophecies.

That’s good news for BTC sellers and long-term holders. Bitcoin whales went on a massive accumulation binge in April. In the final two weeks of the month, they bought $4 billion.

That strong support from both Wall Street institutional buyers and Internet retail buyers is very bullish for the cryptocurrency’s outlook.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Cryptocurrency

Ripple (XRP) Price Explosion, Shiba Inu’s (SHIB) Potential, and More: Bits Recap July 18

letizo News

Published

on

TL;DR

  • XRP surged by 60% in the last month, hitting a new historic peak. Analysts predict further gains, with targets up to $10.
  • SHIB rose 30% in two weeks, yet 45% of holders remain in the red. Market observers see more upside based on certain chart patterns.
  • BTC dipped to $119K after peaking at $123K, but strong ETF inflows and whale activity suggest the bull run may continue.

XRP Reached Uncharted Territory

Ripple’s XRP has been on the crest of the wave recently, with its price tapping an all-time high (on most exchanges and data aggregators) of over $3.60. The asset’s investors had to wait more than seven years for this achievement since the previous peak of approximately $3.40 was registered at the start of 2018.

Meanwhile, XRP’s market capitalization surged well above $200 billion, solidifying the token as the third-largest cryptocurrency and widening the gap with the fourth, Tether’s USDT.

The coin’s massive rally appears to be a combination of multiple bullish factors, including rising public interest, growing network growth, whales’ accumulation, and the recent green light on some important crypto bills in the United States.

Unsurprisingly, crypto X is rammed with users expecting the uptrend to continue in the short term. Ali Martinez believes a weekly close above $3 could open the door for a price ascent to as high as $4.80. Others like Javon Marks were even more bullish, envisioning a rise to the major milestone of $10. 

What’s Going on With SHIB?

The second-largest meme coin experienced a 30% price increase over the last two weeks, while its market capitalization briefly exceeded $9 billion.

However, many of its holders await more substantial gains as they remain in the red. Earlier this week, the percentage of SHIB investors sitting on unrealized losses was around 54%, while currently it is 45%. This is so because a lot of holders joined the ecosystem years ago when Shiba Inu’s price was in much better condition.

SHIB Holders in Profit
SHIB Holders in Profit, Source: ITB

Still, numerous analysts think the meme coin has the potential to pump much more significantly during this bull cycle. X user CJ claimed SHIB has formed “a pretty epic structure” on its price chart and predicted a massive jump in the near term. 

Is BTC Ready for More?

While the leading cryptocurrency exploded to an all-time high of approximately $123,000 on July 14, it cooled off slightly in the following days. As of this writing, it trades at around $119,000, but certain indicators suggest the rally is far from being over. 

BTC’s Market Value to Realized Value (MVRV), for instance, currently stands at around 2.36. “Historically, values over 3.7 indicated price top and values below 1 indicated price bottom,” CryptoQuant explained.

BTC MVRV
BTC MVRV, Source: CryptoQuant

The flow of capital toward spot BTC ETFs remains solid, showing huge interest from investors, while the whales’ accumulation efforts can also be added to the bullish factors.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Stellar Surges 61% Weekly, Peter Brandt Calls XLM the ‘Most Bullish’ Chart

letizo News

Published

on

TL;DR

  • XLM climbs 61% in seven days, nearing key resistance after strong technical breakout signals.
  • Peter Brandt calls XLM the “most bullish chart,” eyes $1 breakout to confirm a multi-year pattern.
  • Franklin Templeton tokenizes $446M in U.S. Treasuries on Stellar blockchain, boosting confidence.

Brandt Eyes Breakout Above $1

Stellar (XLM) has gained over 60% in the past week, with the price reaching $0.48 at press time. It is up nearly 5% in the last 24 hours, backed by a 24-hour trading volume of $2.1 billion. The rally has drawn fresh attention after market veteran Peter Brandt described the XLM chart as “potentially the most bullish chart of all.”

Brandt stated that XLM must hold above its April 2025 low near $0.22 and “must must close decisively above $1” to confirm the setup. Until that happens, he said, the chart “will remain range bound.”

Price Structure Builds Toward Key Resistance

Notably, the long-term chart shows a potential ascending triangle along with a cup-and-handle pattern. Both patterns are forming below long-standing resistance at the $1.00 level. That resistance has been tested multiple times since 2018 but has not yet been broken on a closing basis.

XLM’s price is trading above both the 8-period and 18-period moving averages. The shorter-term average has crossed above the longer one, which often signals rising momentum. The ADX is at 45.16, showing that trend strength is elevated.

A short-term resistance area sits near $0.58, according to market analyst CW. 

“$XLM is heading towards the sell wall at $0.58. Below that, there is support from the buy wall,” they said.

Stellar Network Sees Institutional Growth

Franklin Templeton recently tokenized $446 million in U.S. Treasuries on the Stellar network. This reflects continued use of the blockchain platform for real-world asset settlement.

In addition, the Stellar Development Foundation also announced new executive hires. José Fernández da Ponte, who previously led blockchain efforts at PayPal, has joined as President and Chief Growth Officer. Jason Karsh, who held roles at Blockchain.com and Coinbase, is now Chief Marketing Officer.

Stellar’s Protocol 23 is set for a mainnet vote on August 14, 2025. The proposal focuses on updates to core features. Ahead of the vote, interest in XLM has increased, with users and developers watching the outcome closely.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Cardano (ADA) Bulls Target $1.31 After Surpassing $0.85 Mark

letizo News

Published

on

TL;DR

  • ADA breaks resistance at $0.74 and tests $0.85 as bulls push toward higher price levels.
  • Analysts eye $1.18 and $1.31 targets if ADA closes daily above the $0.85 breakout level.
  • Open Interest on ADA hits $1.65 billion, setting a new record and showing rising trader confidence.

Cardano Holds Gains Near $0.85 After Breakout

Cardano (ADA) traded at $0.852 after rising 7% in 24 hours and 20% over the week. The move followed a breakout from a long downward trend, with buyers now pushing into higher price zones.

Earlier resistance around $0.74 had held the price in check during multiple attempts this year. That level has now been breached. ADA touched nearly $0.78 last week before a brief pullback, but buyers stepped in again, pushing the price above $0.84 heading into the weekend.

Analysts Watch the $0.85 Level for Confirmation

Crypto analyst Ali Martinez said a daily close above $0.85 could open the way toward $1.31. His view is based on earlier market structure and current momentum. ADA has cleared the $0.68 mark, which may now serve as support if prices remain above it.

Marcus Corvinus noted that ADA has exited a long-term descending channel and flagged $0.77 to $0.82 as the next zone to watch. He added that holding above $0.82 could shift attention to $1.18. On the downside, $0.68 and $0.58 are the nearest support zones in case of any pullback.

Open Interest Pushes Higher With Price

Cardano’s recent gains are backed by rising interest in its futures market. Data from CoinGlass shows Open Interest (OI) on ADA has grown by 16% in the last 24 hours, reaching $1.65 billion, surpassing the previous record high of $1.50 billion set on January 18.

ADA open interest
Source: Coinglass

Open Interest reflects capital tied to active trading positions. A steady rise often means traders are committing more capital, which can support ongoing moves. This increase adds weight to the recent price trend.

In fact, with ADA reclaiming the $0.80 range and testing $0.85, traders are focused on whether it can close the day above that level.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved