Bitcoin has been struggling with lower lows in recent weeks, leaving many investors questioning whether the asset is on the brink of a major bear cycle. However, a rare data point tied to the US Dollar Strength Index (DXY) suggests that a significant shift in market dynamics may be imminent. This bitcoin buy signal, which has only appeared three times in BTC’s history, could point to a bullish reversal despite the current bearish sentiment. For a more in-depth look into this topic, check out a recent YouTube video here:Bitcoin: This Had Only Ever Happened 3x Before Bitcoin’s price action has long been inversely correlated with the US Dollar Strength Index (DXY). Historically, when the DXY strengthens, BTC tends to struggle, while a declining DXY often creates favorable macroeconomic conditions for Bitcoin price appreciation. Figure 1: $BTC & DXY have historically had an inverse correlation. View Live Chart 🔍 Despite this historically bullish influence, Bitcoin’s price has continued to retreat, recently dropping from over $100,000 to below $80,000. However, past occurrences of this rare DXY retracement suggest that a delayed but meaningful BTC rebound could still be in play. Currently, the DXY has been in a sharp decline, a decrease of over 3.4% within a single week, a rate of change that has only been observed three times in Bitcoin’s entire trading history. Figure 2: There have only been three previous instances of such rapid DXY decline. To understand the potential impact of this DXY signal, let’s examine the three prior instances when this sharp decline in the US dollar strength index occurred: 2015 Post-Bear Market Bottom The first occurrence was after BTC’s price had bottomed out in 2015. Following a period of sideways consolidation, BTC’s price experienced a significant upward surge, gaining over 200% within months. Post-COVID Market Crash The second instance occurred in early 2020, following the sharp market collapse triggered by the COVID-19 pandemic. Similar to the 2015 case, BTC initially experienced choppy price action before a rapid upward trend emerged, culminating in a multi-month rally. 2022 Bear Market Recovery The most recent instance happened at the end of the 2022 bear market. After an initial period of price stabilization, BTC followed with a sustained recovery, climbing to substantially higher prices and kicking off the current bull cycle over the following months. In each case, the sharp decline in the DXY was followed by a consolidation phase before BTC embarked on a significant bullish run. Overlaying the price action of these three instances onto our current price action we get an idea of how things could play out in the near future. Figure 3: How price action could play out if any of the three previous occurrences are mirrored. Interestingly, this pattern isn’t limited to Bitcoin. A similar relationship can be observed in traditional markets, particularly in the Nasdaq and the S&P 500. When the DXY retraces sharply, equity markets have historically outperformed their baseline returns. Figure 4: The same outperformance can be observed in equity markets. The all-time average 30-day return for the Nasdaq following a similar DXY decline stands at 4.29%, well above the standard 30-day return of 1.91%. Extending the window to 60 days, the Nasdaq’s average return increases to nearly 7%, nearly doubling the typical performance of 3.88%. This correlation suggests that Bitcoin’s performance following a sharp DXY retracement aligns with historical broader market trends, reinforcing the argument for a delayed but inevitable positive response. The current decline in the US Dollar Strength Index represents a rare and historically bullish Bitcoin buy signal. Although BTC’s immediate price action remains weak, historical precedents suggest that a period of consolidation will likely be followed by a significant rally. Especially when reinforced by observing the same response in indexes such as the Nasdaq and S&P 500, the broader macroeconomic environment is setting up favorably for BTC. Explore live data, charts, indicators, and in-depth research to stay ahead of Bitcoin’s price action at Bitcoin Magazine Pro. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.     ​Bitcoin Magazine

A new proposal submitted to the U.S. Securities and Exchange Commission’s (SEC) newly-established Crypto Task Force by a Maximilian Staudinger makes the case for XRP as a “strategic financial asset” for the United States (using some very questionable math and logic). I’m here to tell you that XRP is not a strategic asset and that the logic in this proposal is dubious at best. In the proposal, Staudinger states that $5 trillion is locked up in U.S. Nostro accounts (accounts that banks use for cross-border payments). And he claims that if certain regulatory conditions were created — including the SEC classifying XRP as a payment network, the U.S. Department of Justice (DoJ) providing legal clearance for banks to use XRP, and the Federal Reserve mandating that banks use XRP as a liquidity solution — then 30% of this capital ($1.5 trillion) would be freed up for the U.S. government to buy 25 million bitcoin at $60,000 per bitcoin. So, let’s break down why this makes little sense. First, Nostro accounts are simply bank accounts that U.S. banks hold in foreign countries. I’m not sure what sort of logic includes these domestic banks turning over the U.S. dollars that XRP would theoretically replace to the Federal government so that these dollars could then be used to acquire bitcoin on behalf of the government. Second, the proposal doesn’t offer details on how these domestic banks would obtain the XRP that would replace the dollars. It only seems logical that they’d have to purchase the XRP, leading to XRP absorbing this $1.5 trillion, not bitcoin. Even if Ripple, XRP’s issuer, wanted to simply give these banks XRP to use, this still wouldn’t work, as it only holds about $100 billion in XRP — far short of $1.5 trillion. Third, even if bitcoin’s price were to dip to $60,000, the price would begin increasing immediately as the U.S. government began purchasing the 25 million bitcoin. Lastly, there’s a hard cap of 21 million bitcoin (and approximately 4 million have been lost), which is a well-known fact in the Bitcoin or crypto space. Therefore, it’s quite silly to suggest that the U.S. government could buy 25 million bitcoin. If the author were even a half-serious person, he might have suggested that the government buy 15 million bitcoin at $100,000 per bitcoin (though the math still wouldn’t work out). Given how faulty the logic behind this proposal is, it’s difficult to consider XRP a strategic asset. Plus, why would the U.S. government do so when two thirds of the supply is still in the hands of the organization that issued the asset? It doesn’t make much sense. Bitcoin, on the other hand, is a globally distributed asset that many around the world use as both money and a store of value. Plus, the Bitcoin network is governed by tens of thousands of nodes and is virtually impenetrable, thanks to the approximately 0.4% of the world’s energy that protects it. (The XRP network is governed by 828 nodes and isn’t protected by any amount of energy.) Theses factors make bitcoin a logical reserve asset, which is how the U.S. government now officially classifies it. So, hopefully, the SEC already understands what I’ve outlined in this piece and doesn’t spend much time even considering Mr. Staudinger’s proposal. This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.     ​Bitcoin Magazine

Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: It’s spring time for Coinbase and on-chain assets. The company is going after its tokenized security white whale. CEO Brian Armstrong and his founders have been wanting to offer tokenized stocks since before the company even went public in 2021. Will they do it this time? Meanwhile: What’s that in the sky? An IPO, a new ETF? Turns out it’s both. Real world wins for Coinbase Things keep falling into place for Coinbase. This week alone, the company saw a lawsuit against it in Vermont dropped and got approval to offer its services in India. Now, onlookers are watching to see if Coinbase will get the green light to offer tokenized securities. It’s something the company has wanted to do since before it went public in 2021. If Coinbase got the OK to tokenize securities, it would be a huge boon for the already growing RWA, or real-world asset, segment. The RWA market aims to bring assets like stocks, bonds, property, or even land on-chain. Sometimes that’s been looked at as gimmicky by traditional finance types. But Wall Street has been working to reduce settlement times for years. What faster way to get there than by bringing some assets on-chain? Currently, BlackRock has dominated the RWA space. Just yesterday its BUIDL fund topped $1 billion worth of assets under management. The fund holds dollar-equivalent assets like cash, U.S. Treasury bills, and repurchase agreements. Next in line is the Hashnote Short Duration Yield Coin, which boasts an AUM of $868 million and grants traders exposure to short duration U.S. Treasuries and reverse repo U.S. Treasuries. In the past month alone, RWAs grew by 18% to $18.3 billion, according to rwa.xyz. RWAs are an interesting, but not at all surprising, counterbalance to the global crypto market—which has dropped 16% in the past month, according to CoinGecko data. As more RWA products come on-chain, it would mean investors could flock to the safety of T-bills without having to off-ramp funds into a traditional brokerage account. But Coinbase doesn’t just want to do this on its home turf. The San Francisco company said in a blog post earlier this week it’s calling for “regulatory frameworks that match the scale of opportunity” in Europe. This week the crypto exchange also launched 24/7 access to Bitcoin and Ethereum futures. Adding more trading hours for its products is the kind of news that will likely help pad Coinbase’s bottom line. As the company pointed out in its most recent 10-K filing: “Our largest source of cash provided by operations are revenues generated from transaction fees.” And as of the end of 2024, cash generated from operations had ballooned to $2.5 billion. That means that revenue stream has more than doubled from $922 million in 2023. On Friday afternoon, Coinbase, which trades on the Nasdaq under the COIN ticker, closed at 183.12, up 3.17% on the day. Up, IPO and away! There’s a growing list of companies rumored to be considering an IPO in 2025, but—look, a flying Bitcoin (and an excuse to talk about this news we missed last week). Last night, crypto exchange Gemini flew a Guinness World Record-breaking “aerial display of a cryptocurrency logo formed by multirotor/drones” in Austin, Texas. What do you think we’ll see first: A buzzing horde of drones snatching their record or an IPO? People familiar with the matter told Bloomberg last week that the company confidentially filed for an IPO with Goldman Sachs and Citigroup. That means Gemini is the first to make the jump from the rumored IPO list—which includes stablecoin issuer Circle, crypto exchanges Bullish, Kraken, and Blockchain.com—into the actual race. If any of the other crypto companies start filing IPO paperwork, it may be a while before investors hear about it because of relaxed Securities and Exchange Commission rules. But relaxed rules are precisely why this year could see an uptick in public offerings, according to a recent Law360 column. Wen buy Bitcoin? It was another bye week for Michael Saylor’s Bitcoin amassing Strategy. The company, which recently changed its name from MicroStrategy and trades on the Nasdaq under the MSTR ticker, has seen its Bitcoin holdings remain unchanged at 499,096 Bitcoin since Feb. 24. At the time, the company said that it had purchased Bitcoin for an average price of $97,500 per Bitcoin. And bettors aren’t optimistic the company will announce a surprise buy over the weekend. Prediction market traders on MYRIAD doubt that Strategy will confirm a new Bitcoin purchase on Monday, estimating a 76% chance that the firm’s holdings remain unchanged for a third consecutive week. (Disclosure: MYRIAD is owned by Decrypt‘s parent company, DASTAN.) On Friday afternoon, Strategy, which trades on the Nasdaq under the MSTR ticker, closed at 297.49, up a whopping 13% today. Other keys Asset manager Rex Shares is nothing if not creative. On Friday, the company launched an ETF to bring Startegy’s Bitcoin-backed bond offering to the everyman. “Until now, these bonds have been difficult for individual investors to reach,” REX Financial CEO Greg King said in a statement. “BMAX removes those barriers making it easier to invest in the strategy pioneered by Michael Saylor.” Earlier in the week, Rex and Osprey Funds applied to offer an ETF that would track the price of MOVE, the Movement Network token that launched in November. It’s also the same firm that filed to offer ETFs linked to Official Trump (TRUMP), BONK, and Dogecoin. Edited by Stacy Elliott. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email  Read More

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure في الوقت الذي تسبّب فيه ارتفاع سعر بيتكوين (Bitcoin-BTC) فوق 80,000$ بتجدّد حالة التفاؤل داخل سوق الكريبتو، يتحوّل انتباه المستثمرين إلى Solaxy (SOLX)، وهو مشروع ثوري يسعى إلى معالجة أبرز مشاكل بلوكتشين سولانا التي باتت معروفة ببطء سرعة مُعالجتها للمعاملات. وهنا، يأتي دور مشروع  Solaxy الذي يقوم بمعالجة المعاملات على حل الطبقة الثانية الخاص به لتخفيف الضغط عن شبكة سولانا الرئيسية. وبالنظر إلى النجاحات الكبيرة التي حققتها حلول الطبقة الثانية لبلوكتشين إيثيريوم، فهل سيحقق مشروع Solaxy نجاحاً مماثلاً لبلوكتشين سولانا؟ حل طبقة ثانية مبتكر قد يقلب أوضاع سولانا رغم سرعتها المذهلة في معالجة المعاملات -التي تصل إلى 6,500 معاملةٍ في الثانية- يتدنى أداء شبكة سولانا بشكل كبير خلال فترات الطلب المرتفع. ورغم عملها بشكلٍ رائع خلال 95% من الوقت، فإنها تواجه مشاكل في ذروة احتياج المستخدمين إليها، ما يشكل تهديداً حقيقياً لنظامها التقني الذي تبلغ قيمته السوقية 62 مليار دولار.  وظهرت هذه المشكلة بوضوح عند إطلاق عملة الميم الخاصة بالرئيس الأمريكي دونالد ترامب في شهر كانون الثاني/يناير الماضي، حيث أعلنت محفظة فانتوم (Phantom) عن تلقيها ما قدره 8 مليون من الطلبات في الدقيقة خلال ذلك الوقت، إلى جانب فشل العديد من المتداولين بإتمام معاملاتهم، ما كبّدهم خسائرَ مالية فادحة. وبالتالي، يسعى مشروع Solaxy إلى حل هذه المشكلة عبر تقديم حل طبقة ثانية مبتكر مصمم خصيصاً لسولانا، حيث يقوم بتجميع المعاملات ومعالجتها خارج البلوكتشين لتوفير ما يلي:  أداء موثوق خلال فترات الطلب المرتفع خفض رسوم المعاملات زيادة سرعة المعالجة العمل مع محافظ سولانا الحالية المستثمرون الأوائل يتهافتون على اقتناء SOLX بسعرها المنخفض الحالي حظيَ اكتتاب مشروع Solaxy بزخم استثنائي مع اقترابه من جمع 26 مليون دولار، ويؤكد هذه الاهتمام رهن أكثر من 4.7 مليار عملة SOLX في دلالةٍ واضحةٍ على ثقة المستثمرين بإمكانات المشروع على المدى الطويل. حالياً، تتوفر عملة SOLX بسعر 0.001662$، إلا أن هذا السعر المبدئي سيرتفع في أقل من 6 ساعات، وبالتالي يجدر بالمهتمين المبادرة إلى شرائها بسعرها المنخفض الحالي، كما يمكن رهن عملة SOLX مقابل عائد رهن سخي تصل نسبته السنوية (APY) إلى 158%، غير أن هذه النسبة ستتغير مع دخول عملات إضافية إلى مجمّع الرهن.  مراقبو السوق يتوقعون تحقيق Solaxy نجاحات استثنائية حققت العملات الرقمية الكبرى أمثال سولانا (Solana-SOL) وريبل (Ripple-XRP) عوائد ضخمة خلال دورات السوق السابقة، وتمكنت الأخيرة من جمع مكاسبَ وصلت خمسة أضعافٍ في كانون الأول/ديسمبر 2024 وحده. رغم ذلك، يُرجّح محللون بارزون تفوق عملة SOLX على كليهما في السنوات القادمة. وإليكم فيما يلي التوقعات المتفائلة لعدد من خبراء الكريبتو: جايكوب بيري (Jacob Bury): يتوقع نمو SOLX بمقدار عشرة أضعافٍ في المدى القريب. مايلز جي (Miles G): يتوقع نمواً بمئة ضعفٍ مع زيادة تبنيها. محللو كريبتونيوز (Cryptonews): يتوقعون تحقيق المستثمرين الأوائل مكاسبَ قد تصل إلى 1,000 ضعف. كذلك، وصف كريبتو تشيستر (Crypto Chester) من موقع Cryptonews المشروع بأنه “مثير للاهتمام” مشيراً إلى أنّ اهتمام المستثمرين باكتتاب عملته يشهد “زيادةً صاروخية”.  تُعزى إمكانات النمو الهائل للمشروع إلى عاملين رئيسيين وهما: معالجته للمشكلة التقنية التي تواجهها إحدى أكبر شبكات البلوكتشين.  إتاحته الاستثمار المبكر، ما يسمح بتعظيم المكاسب. الأمان والأسس التقنية  بالنسبة للمستثمرين القلقين حيال موثوقية المشروع، فقد خضع العقد الذكي لعملته الأساسية إلى تدقيق شاملٍ من قِبل Coinsult، والذي أكد خلو كوده البرمجي من أيّ ثغراتٍ أو مشكلاتٍ ما يضمن أمانه.  وفي أعقاب التصحيح الذي شهده السوق هذا الأسبوع، يبدو أن سوق الكريبتو يستعيد زخمه الصاعد مع ارتفاع سعر BTC بنسبة 3.2%، مُستعيداً موقعه أعلى 80,000$ في إشارة إلى احتمالية استمرارية الاتجاه الصاعد للسوق بأكمله.  ولكنْ، رغم احتمالية تحقيق العملات الرقمية الشهيرة مكاسبَ لا بأس بها، تبدو مشاريع الكريبتو التي تعالج المشكلات الأساسية لشبكات البلوكتشين -خاصةً بأسعار عملاتها المنخفضة قبل إطلاقها في السوق المفتوحة- فرصاً استثمارية واعدةً قد تجلب عوائد استثنائية لأولئك المستعدين للمخاطرة.  >>> لزيارة اكتتاب عملة Solaxy اضغط هنا <<< أخيراً، يُمكنكم البقاء على اطلاع دائم بأحدث مستجدات المشروع من خلال الانضمام إلى مجتمعه على منصتي X أو تيليجرام، كما يُمكنكم شراء عملة SOLX ورهنها من خلال الموقع الرسمي للمشروع. Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.  Read More

Trading volumes for Cardano’s ADA token have exploded of late with daily figures averaging around $720 million in February while exceeding an average of $1.4 billion in March. This rise was spurred by a social media post by U.S. President Donald Trump, who mentioned ADA as one of the tokens that would be included in the nation’s strategic crypto reserve. Story continues Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy. Although Cardano is enjoying its moment of mainstream attention, the layer-1 blockchain has been quietly emerging as a crypto juggernaut since it went live in late 2017. The ADA token has a market cap of $25.6 billion but what’s more notable is what’s under the hood; data from Google shows that the Cardano blockchain has more than 5 million unique wallets and 1.3 million delegators, with thousands of new wallets being created per day. The blockchain also has $329 million in total value locked (TVL), although Cardano Foundation CEO Frederik Gregaard believes that metric is overemphasized by crypto communities. Instead, he points to “non-value transactions” associated with people conducting real-world – albeit non-financial – activities on blockchain rails: Minting a decentralized ID, tracking metadata, recording documents, that sort of thing. Cardano’s a hotbed of such activity, he said. “I’m fighting to ensure that 50% of the activity is a non-value transaction,” Gregaard told CoinDesk. One example of this is Cardano’s partnership with Veritree, which saw the Cardano community donate over 1 million ADA tokens to plant 1 million mangrove trees in Kenya, with each donation verified and tracked on the blockchain. Last week, the Cardano Foundation also announced a deal with SERPRO — Brazil’s largest state-owned IT company – to accelerate blockchain adoption in South America. SERPRO processes 33 billion transactions annually for 90% of Brazil’s federal administration. Additionally, 8,000 employees will also receive blockchain training. Cardano’s perspective differs from the likes of Solana and the slew of layer-2 networks like Base that pride themselves on total value locked (TVL) and hype-driven movements like memecoins and non-fungible tokens (NFTs). TVL on Solana grew from $2.2 billion to more than $10 billion in 2024, Cardano meanwhile zipped from a modest $445 million to $537 million in the same period. Whilst Cardano Foundation’s CEO said his focus is on real-world use cases, the blockchain still boasts a bustling DeFi ecosystem under the surface. Minswap is Cardano’s native decentralized exchange (DEX). Its cumulative trading volume hit $3.4 billion this month with December alone notching a near-record $271 million, DefiLlama data shows. There are also a number of lending protocols including Liqwid, Lenfi and Optim Finance, with TVL across Cardano’s lending sector exceeding $116 million. But the key part of Gregaard’s mission, he insists, is not to exceed that 50% level for financialized transactions. He sees it as staying in line with the Cardano Foundation’s non-profit ethos, even if it limits potential exponential growth of hype-fueled movements like memecoins. Fulfilling that ethos has its own challenges, mostly because the blockchain is run by three main entities: the Cardano Foundation, Charles Hoskinson’s IOG and Emurgo. The latter two are commercial businesses, which can cause friction between them and the foundation. “The intent of having a non-profit was that you can optimize decision-making based on 10 years, it’s different than if you optimize decision-making tomorrow,” Gregaard added. Some of the friction was highlighted by an anonymous Cardano community member in December, who penned an email on a path forward and detailed how the entities running Cardano were at loggerheads. “CF’s recent burst of activity is part of a larger strategic play—an attempt to undermine Charles, IOG, Intersect, and the broader governance roadmap,” the email read. “It’s been a long and difficult road, but I do agree with some of the sentiments of the whistleblower,” Hoskinson wrote in response on X. Gregaard, however, was more diplomatic about any potential rift. “There’s no monetary exchange going on between us, but we do work very closely together,” he said. “We sometimes go to [a conference] and we share a booth. So we come together and we sponsor booths together, that’s the closest you will get to any affiliates, which is very different compared to both the Ethereum foundation or Tezos foundation, where they basically control the Treasury and control the disbursements.” “On the flip side, we [Cardano Foundation] are the liability umbrella for the community and the blockchain, which means that we are the one who interacts with the SEC and the CSDC and the FMA, and I negotiated MICA with the European Parliament.”     ​CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

Highlights Bitcoin lost 24% of its value against gold since 2021, dropping from 36.3 to 27.7 ounces per BTC. Peter Schiff argues Bitcoin is in a stealth bear market when measured against gold, not USD. Schiff warns Michael Saylor that gold remains the superior long-term store of value over BTC. Financial expert and long-time Bitcoin critic Peter Schiff has once again voiced his skepticism about the long-term viability of Bitcoin (BTC). In a recent post, Schiff directed his remarks at Bitcoin advocate Michael Saylor, the executive chairman of MicroStrategy. He argued that Bitcoin has been losing value when measured against gold, an asset he believes will outlast digital currencies. Advertisement Advertisement Peter Schiff Warns Michael Saylor: “Gold Will Eat Bitcoin” In a recent post on the X platform, Bitcoin critic Peter Schiff tagged MicroStrategy CEO Michael Saylor, emphasizing that Bitcoin has been in a bear market for years when measured against gold. Schiff stated that Bitcoin’s value against gold has dropped by 24% since 2021, declining from 36.3 ounces per BTC to 27.7 ounces per BTC. Schiff pointed out that many investors fail to see Bitcoin’s real depreciation because they assess it in U.S. dollars rather than gold. He argued that Bitcoin’s declining purchasing power in terms of gold indicates a long-term downtrend, despite periodic price rallies. More so, the Bitcoin critic added, “Gold is the Apex predator that will eat Bitcoin.” More so, Peter Schiff recently criticized Michael Saylor’s Bitcoin strategy, arguing that MicroStrategy’s aggressive BTC acquisitions expose the company to severe financial risks. He pointed out that the firm’s 55% stock decline and increasing debt levels could push it toward bankruptcy if Bitcoin price continues to drop. Advertisement Advertisement Bitcoin in a Stealth Bear Market, Schiff Claims According to Peter Schiff, Bitcoin has been in a prolonged stealth bear market when analyzed against gold instead of fiat currencies. He asserted that while Bitcoin price in USD has experienced fluctuations, its value relative to gold has steadily decreased. Schiff maintains that Bitcoin’s volatility and speculative nature make it unreliable as a store of value. He insists that gold has maintained purchasing power for thousands of years, whereas Bitcoin’s long-term sustainability remains uncertain. Addressing Michael Saylor, Schiff emphasized that history favors gold over digital assets. He argued that while Bitcoin supporters claim it is “digital gold,” it lacks intrinsic value and remains susceptible to market speculation. However, while Peter Schiff continues to dismiss Bitcoin as an inferior asset, its supporters maintain that it is a revolutionary financial tool. A recent report highlights that 95% of U.S. spot Bitcoin ETF investors continue to hold their positions despite Bitcoin 25% price drop in 2025. Bloomberg data further reveals that while ETF inflows have declined to $35 billion institutional players, including Goldman Sachs, maintain exposure to Bitcoin ETFs. Meanwhile, despite the criticism, MicroStrategy remains committed to its Bitcoin acquisition strategy, announcing plans to raise $21 billion through a preferred stock offering. The company stated that the funds would be used for Bitcoin purchases and corporate expenses. Advertisement Top Crypto Presale Projects For 2025 To Invest; Updated List Best Crypto AI Trading Bots For 2025 Top Meme Coins to Buy Now in 2025 [UPDATED] Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.     ​CoinGape

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Nate Geraci, President of The ETF Store, Host of ETF Prime, and Co-Founder of The ETF Institute, has stoked fresh speculation around potential altcoin-focused ETFs for XRP and Solana by BlackRock. In a series of comments posted today on X, Geraci asserted his belief that the world’s largest asset manager will eventually add both crypto assets to its growing portfolio of exchange-traded funds. “I’m ready to log formal prediction… BlackRock will file for both Solana & XRP ETFs,” Geraci wrote, adding that he believes, “Solana could be any day. Think XRP once SEC lawsuit concluded.” Related Reading: XRP Lawsuit: Lawyer Unveils Shockingly Simple Way To End It He elaborated on BlackRock’s motivations, noting: “BlackRock is currently the leader by assets in both bitcoin & ether ETFs… I simply don’t see them allowing competitors to come in & launch ETFs on 2 of the top 5 non-stablecoin crypto assets w/out any sort of fight. I also believe BlackRock will file for crypto index ETFs btw.” Geraci’s prediction marks a significant shift from BlackRock’s previously stated position on expanding its cryptocurrency ETF lineup. In July last year, Samara Cohen, the firm’s Chief Information Officer, told Bloomberg that BlackRock had no plans to launch ETFs other than Bitcoin and Ethereum in the near future. Several months later, in December, Jay Jacobs—BlackRock’s US Head of Thematic and Active ETFs—clarified that the $10 trillion asset manager was primarily focused on its existing crypto offerings, indicating that altcoin-based ETFs were not on the company’s immediate roadmap. Despite BlackRock’s earlier reservations, industry analysts have highlighted growing demand for altcoin-based exchange-traded products (ETPs), including those tracking Solana and XRP. In January, banking giant JPMorgan released projections in January suggesting that a green light for these ETPs could trigger inflows of up to $14 billion in their first year alone. Related Reading: SEC Delays Spot XRP, Dogecoin, SOL And LTC ETFs—What’s Going On? According to the report, Solana-related ETPs could attract between $3 billion and $6 billion in assets within 6 to 12 months, while XRP-based products could garner between $4 billion and $8 billion over the same timeframe—assuming a favorable regulatory environment. As of March 13, 2025, nine issuers have submitted their respective applications with the US Securities and Exchange Commission (SEC) for XRP-centric ETF products. These include Bitwise, Canary Capital, 21Shares, WisdomTree, ProShares, Grayscale, CoinShares, Volatility Shares, and Franklin Templeton. Both ProShares and Volatility Shares have also proposed multiple variants—including short and leveraged ETFs—indicating a concerted push to provide a broad spectrum of trading strategies for investors. Central to Geraci’s prediction is the resolution of the ongoing SEC lawsuit against Ripple Labs. The asset’s regulatory status has been under scrutiny, and many market observers believe that a definitive outcome would pave the way for major financial institutions—like BlackRock—to feel comfortable launching any new crypto-focused investment vehicles. At press time, XRP traded at $2.31. XRP price, 1-day chart | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.  Read More

Sellers of risk assets are taking a breather on Friday, with crypto markets posting sizable gains along with U.S. stocks after a week of lame price action. Bitcoin topped $85,000 at one point during U.S. hours and is now trading at $84,400, up 4.7% over the past 24 hours. All cryptos in the CoinDesk 20 Index were higher during the same period, with Chainlink’s LINK, Solana’s SOL and SUI leading gains. STORY CONTINUES BELOW Don’t miss another story.Subscribe to the Crypto for Advisors Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy. The price action happened as risk appetite returned to traditional markets as well. The S&P 500 and the tech-heavy Nasdaq indexes were 1.7% and 2.3 up, respectively. Meanwhile, gold, whose price action trounced that of bitcoin during the selling of the past few weeks, backed down below $3,000 after crossing the level yesterday for the first time in its history. Today’s bounce also propelled BTC back above its 200-day moving average after dipping below that trendline for the first time since last August’s crypto correction. The 200-day moving average is a widely-used benchmark for traders and investors to gauge long-term trends for asset prices, often serving as support for prices to bounce in a bull market, while losing the level providing a risk-off or bear market signal. Closing the day above the moving average, currently at $83,767, would be a win for bulls, fueling hopes that the worst of the correction might be over for now. Otherwise, confirming the moving average as resistance could foreshadow a deeper pullback. Well-followed cross-asset trader Bob Loukas noted that bitcoin and stocks have more room to run “at least for a while,” bouncing from oversold levels. “Feels like should be close to end of panic, for now at least, and spend at least a few weeks back recovering,” he said earlier this week. “Then the market reassess.”     ​CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

Highlights Solana price cup-and-handle pattern suggests SOL could surge to $3,800 if resistance breaks. Solana confirmed a Hidden Bull Divergence, signaling a potential price recovery to $270. A breakout above $233.8 could push Solana toward $457.97, marking a 252% gain. Solana price is gaining attention as analysts identify bullish technical patterns that could drive it to new highs. Analysts suggest that Solana ($SOL) is forming a cup-and-handle pattern, a bullish continuation structure in technical analysis. If confirmed, this pattern could push the altcoin to an ambitious price target of $3,800. Advertisement Advertisement Solana Price Cup-and-Handle Pattern Hints at Possible Surge to $3,800 Technical analyst Ali Martinez highlighted on the X platform that Solana price is forming a cup-and-handle pattern. This formation consists of a rounded bottom (cup) followed by a brief consolidation (handle). If the price breaks above the resistance level at the cup’s peak, a strong upward move could follow. According to Martinez, this setup could trigger a rally toward $3,800 if the breakout occurs. The cup-and-handle pattern is a well-known bullish signal in technical analysis, often leading to strong price movements. However, the breakout confirmation remains crucial for this potential rally to unfold. Source: X Adding to the bullish prediction, a recent CoinGape price analysis highlighted that the top altcoin could hit $4,000 if market conditions align with previous cycles. The analysis pointed to strong technical support at key Fibonacci levels and increasing institutional interest, which could fuel a parabolic rally. Advertisement Advertisement Hidden Bull Divergence Signals Possible Recovery Additionally, Javon Marks identified another bullish pattern for Solana price, confirming a Hidden Bull Divergence. This pattern forms when the price hits lower lows while the Relative Strength Index (RSI) registers higher lows. It suggests underlying buying pressure, despite the recent price pullback. Marks projects that Solana price could recover to $270, representing a 107% gain from current levels. He also highlights $233.8 as a key resistance zone. A successful breakout above this level could set the stage for further gains, confirming the bullish momentum in the altcoin. Source: X If SOL price surpasses the $233.8 resistance, Marks predicts an upward move toward $457.97. This target would mark a 252% increase from current price levels. The altcoin’s bullish setup suggests that clearing this resistance could act as a catalyst for continued growth. At press time, Solana price is trading at $132, marking a 8% increase in the past 24 hours. The top altcoin market cap has surged to $67.28 billion, while the 24-hour trading volume has hit $3 billion. This bullish momentum suggests growing investor confidence, potentially setting up SOL for a further breakout in the short term. Advertisement Top Crypto Presale Projects For 2025 To Invest; Updated List Best Crypto AI Trading Bots For 2025 Top Meme Coins to Buy Now in 2025 [UPDATED] Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.     ​CoinGape

Highlights Crypto analyst Ali Martinez predicted that the XRP price could reach $15 having broken out of an ascending triangle. Crypto analysts Egrag Crypto and Mikybull Crypto predict that XRP can at least reach $10 in this bull run. Crypto analyst CasiTrades indicated that XRP is ready for its next price breakout having consolidated for a while. Crypto analyst Ali Martinez has provided a bullish outlook for the XRP price, predicting that it could still rally to as high as $15 in this market cycle. The analyst also revealed why XRP could record such a parabolic rally to this price target. Advertisement Advertisement Why The XRP Price Can Reach $15 In an X post, Martinez stated that the XRP price can still reach $15. He noted that since January 2018, XRP has appeared to be forming a symmetrical triangle pattern, indicating a potential bullish continuation where every lower high the crypto has made creates a descending trendline at the top. Meanwhile, every higher low created a rising trendline at the bottom. Now that XRP has broken out of the triangle, the analyst remarked that there is a chance that the crypto could keep rising to reach the $15 target. This prediction comes just as crypto analyst Egrag Crypto predicted that the XRP price could rally to $10 in this market cycle. The analyst outlined bullish fundamentals such as the XRP ETFs, regulatory clarity, and growing adoption as the reasons why this price prediction is “reasonable.” In a recent X post, Martinez highlighted XRP’s growing adoption, which undoubtedly presents a bullish outlook for the crypto. He revealed that the total number of XRP addresses just hit a new all-time high (ATH) of 6.87 million. Crypto analyst Mikybull Crypto also recently provided a bullish outlook for XRP. In an X post, he indicated that a massive run to a cycle top after the current consolidation could be imminent, just as it did in 2017. The analyst added that a rally to between $5 and $10 seems possible in this cycle. Advertisement Advertisement Update On the Current Price Action In an X post, crypto analyst CasiTrades noted that the XRP price just broke above $2.25, a key midline resistance, and is showing strong momentum as it heads towards the next major resistance at $2.37. She added that this level is critical because it marks the upper trendline of consolidation. According to her, a confirmed breakout above this level could signal the start of a larger move. As to what could happen next, CasiTrades stated that she is watching out for a few possibilities. If XRP blasts through $2.37 with strength, she claimed that the crypto could rally toward $2.70 before a sharp rejection testing support. The analyst also remarked that a slower approach would be reaching $2.37, flipping this into support first and then making a stronger push higher. If XRP fails to hold above $2.37, it could face a temporary rejection and remain in consolidation longer. As a CoinGape market analysis noted, the XRP price is holding well above the $2 support as Ripple enters the Dubai market, which is a huge positive. Meanwhile, CasiTrades stated that the macro trend remains fully valid and that this entire structure continues to look like the early stages of Wave 3 up. This impulsive wave could take XRP past previous all-time highs and toward the $8 to $13 range. In the meantime, the key levels to watch are the $2.25 support, $2.37 resistance, and the $2.70 major breakout level target. Advertisement Top Crypto Presale Projects For 2025 To Invest; Updated List Best Crypto AI Trading Bots For 2025 Top Meme Coins to Buy Now in 2025 [UPDATED] Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.     ​CoinGape