crtypto & forex news

Shiba Inu (SHIB) is seeing renewed momentum as its Open Interest (OI) has surged more than 20% in a single day, surpassing both Bitcoin (BTC) and XRP. The meme coin appears to be staging a recovery as trading volume continues to ramp up and price experiences short rebounds. Despite its prolonged choppy action , the recent rise in Open Interest underscores a shift in sentiment, indicating that traders are beginning to move back into SHIB. Shiba Inu Open Interest Surpasses BTC And XRP Shiba Inu has recorded a sharp increase in derivatives market activity after its Open Interest surged by more than 20% on April 21. CoinGlass data shows that the metric climbed from approximately $56.27 million the previous day, reflecting a notable jump in trader participation and speculative positioning around the meme coin.  The latest spike in Open Interest reflects a growing concentration of capital flowing into SHIB futures contracts , signaling heightened engagement among derivatives trader...

A compilation shared on X has brought together a string of bullish Bitcoin calls from banks, hedge fund managers, venture capitalists, and long-time crypto bulls, with estimates ranging from the low six figures all the way to $500,000. Bitcoin is currently trading around $78,000, with the cryptocurrency showing signs of more recoveries before the end of the month as bullish momentum is starting to creep back in. Industry Experts Set Their Targets Bitcoin has pushed back above $78,000 this week, Spot ETF flows have turned positive again, and futures open interest is now back above $120 billion, showing that conviction is building again even as the crypto’s price is about 38% below the October 2025 all-time high of $126,080.  The lower end of the prediction spectrum is occupied by names that, a few years ago, would not have been caught issuing a Bitcoin price target. Citigroup has set a base case target of around $126,000 for Bitcoin by the end of 2026. Analysts at CitiGroup ba...

Despite experiencing a notable decline of nearly 50% from its all-time high of $126,000, the demand and interest in Bitcoin on the institutional level have not yet lost their momentum. Even during multiple market drawdowns, a massive accumulation of BTC was still strongly observed among many large firms across the cryptocurrency and financial landscape. New Bitcoin Purchase Propels MicroStrategy A crucial shift is taking place in Bitcoin accumulation among large firms across the sector. In the Bitcoin institutional race, Strategy formerly known as MicroStrategy has become a prodigy in BTC accumulation after years of acquiring the leading asset.  According to a recent report from Darkfost, a market expert and verified author at CryptoQuant, the company founded by Michael Saylor, a prominent figure in the crypto space, has now surpassed BlackRock, the largest asset manager, in total BTC acquired. This flip comes after Strategy’s most recent BTC purchase, which saw over 34,164 ...

Something quiet is happening on the XRP Ledger. What is happening instead is the kind of institutional movement that is quietly deploying capital onto the Ledger, targeting the US Treasury debt, one of the largest and most stable markets in global finance.  The numbers are still small, but the structure behind them points to something that could scale far more than what is reflected in the current price of the altcoin. Institutional Capital Begins To Land On XRPL Crypto commentator X Finance Bull recently drew attention to a detail that deserves more scrutiny than it has received. The post, which was made on the social media platform X, highlighted how several institutional-grade products tied to US Treasuries are already live on the XRP Ledger. The combined value sits above $300 million, spread across offerings linked to firms such as BlackRock-backed Ondo Finance, OpenEden, and Guggenheim. Ondo Finance accounts for the largest share at $221.8 million, followed by the OpenE...

Bitcoin has crossed the 945,000 blocks milestone, putting it past the midway point to the next Halving event. Here’s how many blocks are still to go. Bitcoin Halving Will Occur At Block Height 1,050,000 The “ Halving ” is a predetermined event on the Bitcoin network that slashes the cryptocurrency’s block subsidy exactly in half. It’s periodic in nature, occurring every 210,000 blocks or about every four years. The last such event took place in 2024. Why did Satoshi write this feature into the blockchain’s code? The answer to that lies in the role played by the block subsidy on the network. The block subsidy is the BTC compensation that miners receive whenever they add a new block to the chain. It happens to be the only way more of the cryptocurrency enters circulation, so it can be equated to the production of the asset. If this reward remains constant, miners will keep flooding the same number of coins into the market, which can have a negative effect on the asset’s value over t...

Crypto analyst Merlijn The Trader has published a detailed Bitcoin chart analysis, pointing to a rare monthly Moving Average Convergence Divergence (MACD) setup that has preceded major bull runs in BTC’s history . According to the analyst, Bitcoin is showing signs of repeating the same MACD, signaling a potential bullish turnaround ahead. He noted that the cryptocurrency’s bottom is not yet in , expecting another major price decline before an explosion to a new all-time high.   Bitcoin Historical Cycle Patterns Signal Ongoing Reset Phase In an X post, Merlijn The Trader urged investors and traders to pay close attention to Bitcoin’s monthly MACD , which is currently emerging on its price chart. Despite past appearances leading to a parabolic surge, the analyst believes this MACD may not trigger an instant pump but could shift momentum, gradually driving a sustained price rally.  According to Merlijn The Trader, Bitcoin is in a momentum reset phase that has occurred th...

Bitcoin and Ethereum continue to maintain their newfound bullish momentum, with BTC’s price holding above the $76,00 level and ETH’s price positioned around $2,300. After this period of upward price action, both coins are now being moved to leading cryptocurrency exchanges, reflecting a shift in sentiment. Renewed Bitcoin And Ethereum Exchange Inflows A resurgence in exchange activity is emerging across the cryptocurrency market , particularly with Bitcoin and Ethereum, the two leading digital assets. Binance and Coinbase are experiencing a sharp wave of BTC and ETH inflows, reaching levels not seen in months. In a research , Arab Chain, a data analyst and author at CryptoQuant, revealed that inflows of Bitcoin and Ethereum have climbed back to levels last seen in February on Binance and Coinbase. As prices gain momentum, the uptick indicates that more holders are moving their coins to these exchanges, possibly with the aim of selling to secure gains. Following a period of relativ...