Bitcoin can reach $200K in 2025 after 'obvious' price breakout signal
Key points: Bitcoin’s “cleanest trend indicator” is flashing bullish for the first time since mid-2024. Previous signals mostly resulted in a BTC price blow-off top over the coming year. Market commentators remain firmly bullish on price trajectory during consolidation after Bitcoin’s latest all-time high. Bitcoin (BTC) is prepared for its “next major leg up” as […]
Solana signals 40% crash vs. Ethereum amid cooling memecoin craze
Key takeaways: SOL/ETH has broken below a rising wedge pattern, signaling a potential 40% decline. Solana’s memecoin revenue has collapsed since April, weakening its core value proposition. Standard Chartered warns Solana may underperform as Ethereum’s L2 ecosystem grows more competitive. Solana’s (SOL) multiyear outperformance against Ethereum’s native token, Ether (ETH), is losing momentum, with technical […]
Russia allows banks to offer crypto products to accredited investors
The Bank of Russia has permitted financial institutions to offer certain cryptocurrency-based financial instruments to accredited investors. Russian banks are now free to provide qualified investors with a range of crypto products, including crypto derivatives, securities and other digital financial assets tied to crypto prices, the central bank announced on May 28. A key stipulation, […]
Russia allows banks to offer crypto products to accredited investors
Russian banks have started rolling out crypto investment products tied to the price of Bitcoin following a greenlight from the central bank.
Arkham claims to have found 87% of Strategy’s Bitcoin
Blockchain analysis company Arham Intelligence claims to have uncovered previously undisclosed wallet addresses tied to Strategy (formerly MicroStrategy), potentially exposing billions in Bitcoin holdings. In a post referencing Strategy co-founder and executive chairman Michael Saylor’s commitment to privacy, Arkham claimed that it had identified an additional 70,816 BTC linked to the company. At current prices, […]
Metaplanet issues $21M in bonds to buy Bitcoin, a day after $50M raise
Japanese investment firm Metaplanet has issued $21 million in zero-interest bonds to Evo Fund, a Cayman Islands-based investment firm, just a day after announcing a separate $50 million raise, further accelerating its aggressive Bitcoin accumulation strategy. The 17th series of bonds, issued on May 29, comes with a face value of $525,000 each and will […]
Eric Adams calls for Bitcoin bond in NYC, end to state BitLicense
New York City Mayor Eric Adams says he will ensure a Bitcoin bond is launched in the city and renewed his call to axe New York’s BitLicense program. Speaking at the Bitcoin 2025 conference, Adams pledged to advocate for and support the creation of municipal bonds backed by Bitcoin (BTC). “We have financial instruments for […]
Bitcoin $120K ‘epic mic drop’ rally set after US court blocks Trump tariffs
Bitcoin is poised to rally toward $120,000 after a US federal court blocked the majority of President Donald Trump’s tariffs, a crypto analyst says. “The trade court decision was an epic mic drop, and it’s going to intensify momentum behind Bitcoin,” Swyftx lead analyst Pav Hundal told Cointelegraph. The US Court of International Trade reportedly […]
Bitcoin in ‘pivot zone’ as potential consolidation looms: Analyst
Bitcoin markets could be in for another prolonged period of consolidation if there isn’t more buying pressure this week, says analyst Willy Woo. The strength of Bitcoin’s (BTC) run from $75,000 on April 7 to its all-time high just below $112,000 on May 22 “is starting to break down,” Woo wrote to X on May […]
European crypto firm K33 raises $6.2M for Bitcoin buys
Norwegian crypto brokerage firm K33 plans to join the growing number of public companies buying up Bitcoin after raising 60 million Swedish krona ($6.2 million) to buy and hold the cryptocurrency. K33 said on May 28 that it secured financing through convertible loans and a new issue of shares and warrants, which “will be used […]
Crypto mining stocks plunge as Fed warns of ‘difficult tradeoffs’
US crypto mining stocks tumbled at the close of May 28 trading after minutes published by the Federal Reserve signaled its growing uncertainty about the country’s economic outlook. The crypto market remained unscathed, despite the stock drops among crypto miners. Uncertainty about the economic outlook looms The minutes of the Federal Open Market Committee’s meeting […]
Solana chart hints at 180% rally to $300 if key technical trend holds
Key takeaways: Historical chart patterns and the Fibonacci Retracement metric hint at a Solana price rally to $300. Solana’s $7.5 billion in futures open interest and negative funding rates could be a sign that a powerful short squeeze is in the making. Solana (SOL) price tested the $180 resistance level on May 11, but it […]