crtypto & forex news

Ethereum is witnessing renewed optimism and interest from investors as the digital asset rides the bullish wave, caused by a positive market condition. Given the notable price growth observed in the past few days, there are speculations that the upward trend may extend to higher levels in the short term. Bullish Tailwinds Bolster Ethereum’s Price Several bullish predictions about Ethereum’s future action have flooded the market following its renewed upward trend. After examining its price dynamics, IntoTheBlock, a leading market intelligence and on-chain data platform, has underlined ETH’s potential in extending the ongoing rally to higher resistance levels. The market capitalization of the second-largest crypto asset has increased significantly, indicating that institutional and retail investors are expressing their confidence in ETH. IntoTheBlock highlighted that ETH’s market capitalization has increased by an astounding 12% in the past day. As the market rally picks up steam,...

As Bitcoin (BTC) hovers above the $90,000 mark , renewed optimism is sweeping through the crypto market — and surprisingly, much of it is driven by the political developments made by United States (US) President Donald Trump. Amid the market turmoil and decline, Trump has recently shifted his stance on the previously proposed tariff hikes on China. Analysts are now pointing to the possible trade resolution between the two countries as a potential catalyst that could propel the Bitcoin price to $100,000 .  Bitcoin Sees Reprieve As Trump Backs Off On China Tariff Hike Bitcoin has once again seized the spotlight, breaking past $94,000 in just one day. However, this rally isn’t being driven by traditional crypto catalysts like ETF inflows but by whale accumulation spikes and the sudden political changes in the US.  After months of escalating rhetoric and tariff threats , Trump appeared to pivot this week, striking a more conciliatory tone toward China. Bitcoin’s rise above ...

As the crypto market recovers and meme coins seem to be making a comeback, investors are looking to other options besides Dogecoin and Shiba Inu with the potential to make a major run this cycle. One crypto trader that has continued to make waves on social media for his meme coin conviction is Unipcs, also known as “The Bonk Guy.” The most recent conviction trade posted by the trader is FLOKI, a meme coin that he sees outpacing the likes of Dogecoin and Shiba Inu. Following The Footsteps Of Dogecoin And Shiba Inu In the X (formerly Twitter) post , the crypto trader explained the reason why they are still bullish on FLOKI as compared to Dogecoin and Shiba Inu. For one, the meme coin has followed the footsteps of Dogecoin and Shiba Inu to become one of the few meme coins that have provably survived beyond a bull cycle. But not only this, FLOKI had gone on to make a new all-time high this time around, something not even Dogecoin or Shiba Inu had managed. Furthermore, the trader poin...

Russian authorities intend to launch a cryptocurrency exchange for the country’s highest-net-worth investors only, a change of direction for the country in handling digital assets. Central Bank Relaxes Stance On Digital Currency Market Finance Minister Anton Siluanov announced in a ministry board meeting that his ministry will cooperate with the Central Bank of Russia to open a cryptocurrency trading platform . This exchange will have an experimental legal framework and cater to only “highly qualified investors.” Siluanov explained that this is meant to “legalize crypto assets and bring crypto operations out of the shadows.” The announcement represents a significant shift in Central Bank policy, which has long opposed the adoption of cryptocurrency. The bank had put forward a proposal on March 11 to the government to allow for cryptocurrency trades by a new set of investors who are very well off. Only The Ultra-Wealthy Need Apply According to reports, the government is set to lim...

Ethereum (ETH) is beginning to show signs of a potential bullish reversal, with the second-largest cryptocurrency by market cap climbing 9.1% in the past 24 hours. Alongside the price surge, Ethereum’s network activity has seen a notable uptick. Ethereum Network Activity Explodes Amid Price Rally According to a recent CryptoQuant Quicktake post by analyst Carmelo_Aleman, Ethereum’s active addresses have surged significantly over the past few days. Between April 20 and April 22, ETH active addresses jumped from 306,211 to 336,366 – an increase of 9.85% in just 48 hours. The analyst notes that such a sharp rise in active addresses points to increased on-chain activity. However, they caution against analyzing this metric in isolation, emphasizing the need to also track other metrics such as exchange volume, transaction count, and gas fees for a fuller picture. Latest data from Ycharts indicates that Ethereum transactions per day have witnessed a significant spike over the past few ...

Bitcoin is trading above the $90,000 mark again, signaling renewed strength as bulls gain momentum despite persistent global uncertainty. The broader market remains on edge amid rising tensions between the US and China, coupled with lingering concerns over inflation and economic slowdown. However, optimism around Bitcoin continues to grow, with several analysts suggesting the possibility of a sustained rally in the months ahead. One of the key signals supporting this view comes from on-chain data shared by Glassnode. The analytics platform revealed that Bitcoin has now broken above the Short-Term Holder (STH) realized price. This metric, which tracks the average price at which recent buyers acquired their BTC, is often seen as a psychological level that influences short-term sentiment. Glassnode has consistently highlighted this level as a benchmark for gauging market sentiment, and breaking above it is considered a significant step in confirming buyer confidence . Now, all eyes are ...

The Bitcoin Dominance (BTC.D) , which measures BTC’s share of the total crypto market capitalization, is approaching a critical point where the market could be preparing for a dramatic rotation into the long-anticipated altcoin season. A recent technical analysis, backed by historical patterns, indicates that BTC’s current lead could soon fade, resulting in a potential market explosion.  Bitcoin Dominance Reveals Timeline For Next Altcoin Season According to a chart analysis shared by crypto analyst Astronomer on X (formerly Twitter), a steady decline in Bitcoin Dominance is expected to trigger the start of an altcoin season explosion. Technical projections on the BTC.D weekly chart indicate that Bitcoin Dominance may complete a three-drive phase before collapsing toward key Fibonacci retracement zones.  For more clarity, BTC.D is expected to decline through multiple key levels, starting with a 50% psychological level, then 48%, before potentially breaking down to the pi...