crtypto & forex news

Bitcoin’s price action over the past 24 hours has been characterized by a decline from $108,850 to $105,000. After tapping an all-time high above $111,000 last week, the cryptocurrency has entered what could be termed as a cooling-off phase. Given the pullback since then, crypto traders are split between a breakout continuation or an early top forming.  However, for analyst Leshka.eth, there’s little ambiguity. The bull market, according to the analyst, is far from over. However, its conclusion is expected sometime around August 2025. August 2025 Is This Cycle’s Target According to fundamental and technical analysis of Bitcoin’s price action by Leshka.eth on social media platform X, August 2025 is the ideal window for the current bull cycle’s peak. Referencing the popular Wall Street Cheat Sheet on market psychology, the analyst mapped out the current market phase as comparable to the mid-optimism or belief stage.  If this cycle mirrors those of 2017 and 2021, the mont...

A single data series is up-ending decades of portfolio theory. On 29 May, André Dragosch, PhD, European head of research at Bitwise, posted a chart showing that the 60-day rolling correlation between Bitcoin and 10-year US Treasury-bond futures has collapsed to its most negative reading on record. Bitcoin Vs. 10-Year US Treasury Futures “This is probably the most important macro chart for bitcoin right now… Bitcoin’s 60-day correlation to US 10yr Treasury Futures has declined to the lowest level ON RECORD. Are traditional investors selling US Treasuries to buy Bitcoin?” he wrote , framing the plunge as a watershed moment for asset allocation. Dragosch’s follow-up thread sharpened the point. “US Treasuries are broken; there has been a structural break in inter-market correlations since at least 2022… Bitcoin is an alternative portfolio insurance against sovereign default as a counterparty-risk-free asset… Foreign investors have been moving away from US Treasuries into hard assets li...

Ethereum continues to make waves in the broader cryptocurrency sector, even with its price falling below the $2,700 level once again as Thursday drew to a close. In recent weeks, ETH has shown notable bullish action, and several crypto analysts are highlighting its potential for a huge upward move toward higher levels in the short term. Crucial Zone To Lead Ethereum To A New Peak Given the current market weakness, Ethereum has lost some of its upward momentum after facing resistance at $2,800. Despite this brief pullback, ETH’s recent trend is pointing to a major rally, indicating an extension of the ongoing uptrend . A seasoned crypto expert on the X platform, Trader Tardigrade, examining the price action, has forecasted a surge to a new all-time high. According to the technical analyst, Ethereum is currently navigating a critical technical zone that may serve as the impetus for one of its biggest rallies ever. Examining the chart, this crucial zone is referred to as the Impulsi...

Asset manager 21Shares has filed an amendment for its Dogecoin ETFs, which it filed last month. This development comes just weeks after the US Securities and Exchange Commission (SEC) acknowledged the filing , which kickstarted the review process.  21Shares Files Amended Dogecoin ETF Application A SEC filing shows that 21Shares has amended its application to offer a Dogecoin ETF. The asset manager had initially filed the S-1 form  for this fund on April 9, a move that showed its intention to offer institutional investors direct exposure to the top meme coin. Meanwhile, Nasdaq had filed the 19b-4 form to list and trade shares of this ETF, which officially began the approval process.  In an X post , Bloomberg analyst Eric Balchunas noted that the amended filing makes things more interesting, as these amendments typically follow comments made by the SEC. As such, it suggests that the Commission is in communication with the asset manager, a development which provides opti...

The US Securities and Exchange Commission (SEC) has voluntarily dismissed its lawsuit against Binance, the world’s largest cryptocurrency exchange on Thursday, May 29.  This decision was revealed through a court filing in Washington, D.C., and marks a significant moment in terms of regulation for both the exchange and the broader cryptocurrency industry in the US. SEC Ends Legal Battle With Binance  The dismissal follows a joint stipulation signed by legal representatives for the SEC, Binance, and the exchange’s founder, Changpeng Zhao (CZ) Originally, the SEC had accused Binance of various violations, including artificially inflating trading volumes and diverting customer funds.  Additionally, the regulatory body claimed that Binance failed to restrict US customers from accessing its platform and misled investors regarding its market surveillance capabilities. The SEC’s lawsuit also alleged that the exchange “unlawfully” facilitated the trading of several tokens th...

Crypto expert Crypto Beast has made a shocking revelation, stating that he has sold off his Bitcoin holdings just as the flagship crypto recently hit a new all-time high (ATH) . The expert further gave reasons why he made this move, indicating he was looking to pivot to altcoins. Expert Gives Reasons Why He Sold Off Bitcoin Holdings In an X post , Crypto Beast stated he has sold all his Bitcoins. He opined that BTC’s dominance has peaked and will drop massively in the coming months, suggesting that the top might be in for the flagship crypto following its latest rally to a new ATH. The expert added that the BTC price cannot record another 100% move from here, while most altcoins he holds will still witness a 5x to 20x surge.  He also revealed that he plans to sell his altcoins at their peak and buy back Bitcoin during the bear market. In an X post , crypto analyst Rekt Capital also commented on BTC’s dominance. He noted that May is coming to a close and that the dominance is f...

Norwegian broker K33 has set its sights on adding Bitcoin to its balance sheet. It raised 60 million Swedish krona (about $6.2 million) to buy and hold the cryptocurrency. Based on reports, the cash comes from a mix of convertible loans and new share and warrant issues. New Funding Round Raises 60 Million Krona According to K33’s May 28 statement , 45 million krona of the total comes from interest-free convertible loans. Those loans don’t carry any interest and mature on June 30, 2028. The rest, 15 million krona, will be raised through a new share sale and free warrants. If all the warrants and conversions happen, K33 could pull in up to 75 million krona. Bitcoin Buy Plan Outlined Based on reports, the fresh funds will go “in full” to build what K33 calls its Bitcoin Treasury Strategy. At today’s price of just over $108,000 per coin, the company could buy about 57 BTC. That gives them a decent pile of BTC to work with as they roll out new services. Bitcoin will be the best perf...

The question of when a Fortune 500 technology giant will move Bitcoin onto its balance sheet took center stage at Bitcoin 2025 after Strive Asset Management chief executive Matt Cole, standing before thousands in Las Vegas, dialed Meta Platforms chief executive Mark Zuckerberg and—when the call went unanswered—left a voice message urging him to convert a slice of Meta’s $61 billion cash hoard into Bitcoin. Strive CEO Calls Zuckerberg Over Bitcoin Speaking to thousands of attendees in Las Vegas, Cole argued that the social-media and AI powerhouse is exposing shareholders to avoidable monetary debasement by keeping tens of billions of dollars parked in cash and short-term US Treasuries. “The case for putting Bitcoin on your corporate balance sheet has never been stronger,” he said, noting that Bitcoin’s market capitalization has surpassed two trillion dollars. “Right now we have a global fiat debt crisis. M2 is rising almost every single day , and as M2 rises the purchasing power of d...

Ethereum has gained bullish traction with the crypto asset reclaiming and surging past the $2,600 price level as Tuesday drew to a close. ETH’s recent upward performance has been attributed to several key factors in ETH’s market dynamics, including the Open Interest (OI). A Sharp Uptick In Ethereum Open Interest As Ethereum’s price shows signs of upside strength, a crucial shift has occurred in its market dynamics. During this recent upside performance, ETH’s derivatives market is heating up as evidenced by a sharp rise in its open interest. Seasoned technical and on-chain analyst Maartunn  reported  a rise in  ETH’s open interest on the X platform, signaling an increase in speculative activity and investor engagement.  The recent surge in open interest could be attributed to ETH’s renewed uptrend as it recovers key resistance levels. According to the on-chain expert, the open interest has reached a new all-time high of 7.18 million ETH in futures, va...

Despite its current trading range between $0.22 and $0.23 in the past 48 hours, Dogecoin is still on a noticeable recovery from its April low near $0.13 on a larger time frame. Interestingly, technical analysis of a larger timeframe, particularly the 1-day candlestick chart, shows that the steady climb has positioned Dogecoin at the upper boundary of a descending channel that has defined its price action since December 2024.  Price movement within this structure has been characterized by consistently lower highs and lower lows. However, recent activity indicates increasing bullish pressure, with Dogecoin now attempting to break through the overhead resistance.  Channel Breakout Could Trigger Unstoppable Pump According to crypto analyst MMBTrader, who posted his Dogecoin take on the TradingView platform , Dogecoin is on the verge of a significant breakout that could trigger an unstoppable pump if price action successfully clears the descending channel resistance.  Th...

After reaching a new all-time high of $112,000, Bitcoin is now consolidating just below this level, holding strong above the key $106,000 support zone. Despite short-term resistance, the broader structure remains bullish, with analysts expecting an impulsive move once BTC reclaims higher ground. With global markets facing heightened economic uncertainty, Bitcoin continues to show resilience, thriving as a hedge and outperforming traditional risk assets. Market sentiment remains positive as on-chain signals strengthen the bullish outlook. According to new data from Glassnode, spending by older Bitcoin holders is heating up once again. Aggregate transaction volume from the 1-year to 5-year holding cohorts has surged to $4.02 billion, marking the highest level since February. This uptick in long-term holder activity often precedes major market shifts, as veteran participants begin to reposition. While some view this as potential profit-taking, it also signals renewed confidence and mark...

Ripple Labs has fired a fresh legal volley in Washington, dispatching a 4-page memorandum to the US Securities and Exchange Commission’s Crypto Task Force on 27 May. Chief legal officer Stuart Alderoty announced the filing on X, stressing that it responds directly to Commissioner Hester Peirce’s “New Paradigm” speech of 19 May, which asked the pivotal question: “When does a non-security crypto asset that was once part of an investment contract become separated from that contract?” Ripple Pushes SEC For Clarity On XRP In the opening lines of the letter Ripple thanks staff for a 20 May meeting and frames its submission as a doctrinal answer to Peirce’s query. It leans on the 2022 academic treatise The Ineluctable Modality of Securities Law by Lewis Cohen et al., quoting it in full: “[T]here is no current basis in the law relating to ‘investment contracts’ to classify most fungible crypto assets as ‘securities’ when transferred in secondary transactions…” Ripple argues that the paper r...

After a weekend of consolidation just below its all-time high near $112,000, Bitcoin is entering the new week with momentum building and bullish sentiment rising. Trading around $110K, BTC continues to hold a strong technical structure, and many analysts believe it’s only a matter of time before the next leg higher begins. With volatility tightening and the broader market gaining strength, all eyes are on Bitcoin as it flirts with price discovery once again. Conviction is growing among top analysts who are now calling for significant price surges in the weeks ahead. On-chain metrics and price action continue to support the bullish outlook, pointing to sustained demand and a resilient trend structure. However, one emerging factor worth watching is miner behavior. Top analyst Axel Adler shared new insights revealing that after hitting the ATH , miners have increased their BTC sales on exchanges. Inflows have doubled from an average of 25 BTC to 50 BTC per day, suggesting a profit-takin...

XRP’s price action in the past 24 hours has been highlighted by a retracement towards support at $2.28 that has appeared in recent days. However, the XRP price action looks strong on the higher timeframes, particularly the six-month chart, where technical analysis indicates that a much larger breakout towards $74 may be in its early stages. XRP Price Still Climbing Above Long-Term Resistance Structure This interesting outlook is based on a long-term analysis of Elliott impulse waves and Fibonacci extension levels by crypto analyst Dark Defender. According to the latest chart update shared by the analyst on social media platform X, which is based on the 6-month candlestick timeframe, XRP is currently extending its run above a multi-year downtrend resistance that had capped its movement since early 2018. This resistance, described as the Ultimate Resistance, was tested multiple times over the years before being decisively breached on the six-month candle. The breakout, which resul...

This week began on a good note for Dogecoin , as the popular dog-themed meme coin slowly regains upward traction, reclaiming and holding strongly above the $0.22 support level. DOGE’s gradual growth may just be the beginning of something significant due to recent developments that point to an impending rally. Chart Pattern Flashes Bullish Signal For Dogecoin Dogecoin has briefly recovered from a bearish weekend, reflecting its resilience during the waning market performance. After delving into recent price actions, Trader Tardigrade, a crypto analyst on the X platform, has outlined the potential for a continued bullish movement as DOGE shifts toward an uptrend. In his analysis, Trader Tardigrade contends that DOGE might be gearing up for its next upside move, supported by the formation of a key technical pattern. This chart pattern, which signals a trend reversal, comes after a phase of sideways consolidation and declining momentum . Specifically, this chart formation is the Doubl...

Bitcoin is consolidating just below its all-time high near $112,000, maintaining a bullish structure as momentum builds across the broader crypto market. After a strong rally in recent weeks, BTC is showing signs of strength and stability, trading in a tight range that many analysts view as a launchpad for the next major move. The setup points to further upside, with growing confidence that Bitcoin could break into new highs soon. Analysts are increasingly optimistic, calling for an expansive summer as capital begins to flow back into crypto markets. Both technical resilience and compelling on-chain data are fueling the sentiment shift. According to insights from Alphractal, long-term holders (LTHs)—those holding BTC for more than six months—continue to accumulate but not distribute. In fact, the supply held by LTHs is steadily increasing, a sign of deep conviction and reduced liquid supply in the market. This behavior from experienced holders reinforces the bullish thesis: when LTHs...

On-chain data shows the Bitcoin short-term holder whales have been taking significantly more profits than the diamond hands in this rally. New Bitcoin Whales Are Participating In Notable Profit-Taking In a new post on X, CryptoQuant author Axel Adler Jr. discussed how profit-taking has recently looked from the two major Bitcoin whale cohorts: the short-term holder and long-term holder whales. The short-term holders (STHs) and long-term holders (LTHs) are two broad divisions of the BTC network done on the basis of holding time, with the cutoff between them being 155 days. Similarly, ‘ whales ‘ are also a classification of the asset’s investors, but in this case, the criterion is holding balance. More particularly, whales are defined as holders with more than 1,000 BTC. As such, the STH and LTH whales would refer to the big-money members of the STH and LTH groups, respectively. Now, here is the chart shared by the analyst that shows the trend in the total amount of profit realized...

As Bitcoin (BTC) experienced a modest dip over the weekend – falling from nearly $112,000 to $106,600 – late longs bore the brunt, with over-leveraged traders facing significant liquidations. In contrast, long-term investors took advantage of the pullback to increase their BTC exposure. Bitcoin Late Longs Get Wiped Out According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin’s price drop below the key $111,000 level triggered a cascade of liquidations that primarily affected late long positions. In total, the downward move led to approximately $185 million in long position liquidations. For the uninitiated, Bitcoin late longs refer to leveraged long positions entered into after a price rally, often by traders expecting further short-term gains. These positions are vulnerable to sudden price drops, leading to rapid liquidations when support levels fail. The first major liquidation cluster occurred around $110,900. Once BTC fell below this level, over $97 mil...

After a quiet weekend of consolidation just below its all-time high, Bitcoin is setting the stage for what could be a pivotal week. Trading around $109,000, BTC remains less than 3% below its record high near $112,000, and momentum is clearly building. With bullish structure intact and volatility tightening, analysts are increasingly confident that a breakout is imminent. Several high-conviction analysts are now calling for a major price surge, citing both strong price action and bullish on-chain signals. The market appears to be coiling for a move, and historical patterns suggest that such periods of tight range-bound trading near highs often precede sharp upward impulses. Supporting this outlook, data from CryptoQuant reveals that shorts are getting squeezed across major exchanges. Taker Buy Volume has spiked, indicating that aggressive buyers are stepping in while overleveraged short positions are being forced to exit. This dynamic often leads to rapid price expansions as liquidi...