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Peter Schiff says he would choose Bitcoin (BTC) over Ethereum (ETH) as ETH’s rally coincides with a sharp drop in its market dominance. Schiff Sticks With Bitcoin Over Ethereum Despite ETH’s Rally Peter Schiff has commented on the latest price movements in Bitcoin and Ethereum, reaffirming his preference for BTC. The economist and gold advocate
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The post Ethereum on the Verge of Crash, $1,000 Calling? appeared first on Coinpedia Fintech News
In the ongoing tariff war between the United States and other countries, the cryptocurrency market has significantly plummeted. Amid this, Ethereum (ETH), the second-largest cryptocurrency, is on the verge of a major crash.
According to CoinMarketCap data, ETH has lost almost 25% of its value in just five trading days and has reached a make-or-break level.
While examining the weekly chart of ETH, it appears that the asset has recently lost its long-held support from the ascending trendline that had been in place since July 2022.
Following the breakdown, the asset has been steadily falling, during which it has lost two key support levels at $2,200 and $1,830, and has now reached another critical support level at $1,530.
According to expert technical analysis, if this downside momentum does not stop, the price could crash hard.
The daily chart reveals that if the ETH price fails to hold this support level and closes a daily candle below $1,450, there is a strong possibility it could drop by another 30% to reach its next support level at $1,000 in the near future.
Following the continuous price decline, ETH is now trading below the Exponential Moving Average (EMA) on the four-hour, daily, and weekly timeframes, indicating a strong bearish trend.
At press time, ETH is trading near $1,550 and has lost nearly 10.50% of its price over the past 24 hours. However, during the same period, the asset’s trading volume jumped by a record 550%, indicating heightened participation from traders and investors compared to the previous days.
This record surge in trading volume includes the liquidation of traders’ short and long positions, recent investor accumulation or sell-offs, and all other ETH-based trading activity.
Despite the massive price crash over the past 24 hours, traders seem optimistic and are strongly betting on the bullish side, according to on-chain analytics firm Coinglass.
Data reveals that traders are currently over-leveraged at the $1,526 support level, having built $201 million worth of long positions. On the other hand, $1,571 is another over-leveraged level, where traders have built $100 million worth of short positions.
While examining these levels and traders’ positions, it appears that the bulls are currently dominating and could potentially liquidate $100 million worth of short positions. However, if the market sentiment continues to remain unchanged, it could also lead to the liquidation of traders’ long positions.
The post Ethereum on the Verge of Crash, $1,000 Calling? appeared first on Coinpedia Fintech News
In the ongoing tariff war between the United States and other countries, the cryptocurrency market has significantly plummeted. Amid this, Ethereum (ETH), the second-largest cryptocurrency, is on the verge of a major crash. According to CoinMarketCap data, ETH has lost almost 25% of its value in just five trading days and has reached a make-or-break …
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee as we discuss the growing influence of stablecoin issuers in the US Treasury market. With growing institutional adoption and regulatory legitimization of US dollar-pegged stablecoins, experts warn of artificial inflation of demand for the dollar.
The influence of stablecoin issuers in the US is growing, so much that Tether, which already issues the USDT stablecoin, plans to launch a US-only stablecoin by 2025. Tether aims to position stablecoins as strategic financial tools under the Trump administration.
This chart shows Tether’s dominance in the stablecoin market, with overall supply going from $2 billion to more than $200 billion in recent years.
Meanwhile, the US Treasury projects stablecoins could reach a $2 trillion market by 2028, which could attract more players.
Nevertheless, as stablecoin influence in the Treasury market grows, the House Financial Services Committee is concerned.
BeInCrypto reported lawmakers questioning US Treasury Secretary Scott Bessent about Trump-affiliated World Liberty Financial (WLFI) and its new USD1 stablecoin.
Perhaps, however, the greater concern is stablecoin issuers’ using Treasury yields to buy Bitcoin. According to experts, this could undermine US government reserves.
A recent US Crypto News publication indicated reports of stablecoin issuers using Treasury yields to buy Bitcoin. Some say this could undermine initiatives like the proposed US Strategic Bitcoin Reserve, which aims to bolster national holdings of the pioneer crypto.
Among them is Bitcoin pioneer Max Keiser, who voiced concerns over the growing influence of stablecoin issuers in the US Treasury market. Keiser warns that their use of government debt instruments to back digital dollars may have broader implications for the global financial system.
As of Q1 2025, Tether reported holding nearly $120 billion in short-term US Treasury securities and reverse repos. This makes it one of the largest non-sovereign holders of American government debt.
Meanwhile, Circle, issuer of USDC, disclosed more than $22 billion in Treasury bills in a February 2025 attestation.
These holdings collateralize dollar-pegged stablecoins, helping issuers maintain liquidity and trust. The issuers benefit from the interest income generated by the bonds.
While this practice is common and legal, Keiser contends it contributes to deeper systemic issues tied to fiat currency dynamics.
“This is exactly why the stablecoin issuers are buying Bitcoin, this is called a speculative attack on the US dollar. Feeding the debt spiral with fiat stablecoins, buying treasury bills, and then investing the interest into Bitcoin, allowing the stablecoin issuers to buy billions in Bitcoin for free,” Keiser told BeInCrypto.
Stablecoin issuers purchase US debt on secondary markets and earn interest, which they may or may not deploy into digital assets like Bitcoin. Keiser is critical of the broader financial architecture underpinning stablecoins.
“Issuing new stablecoins backed by US T-bills printed out of thin air is not a monetary system, but a financial hologram,” he said.
US Treasury bills are debt instruments issued by the federal government and sold to investors, including private companies like Tether and Circle, through regulated markets. These stablecoin issuers tokenize existing fiat currency held in reserve.
Keiser elaborated on what he sees as the long-term consequences of this model.
“It’s a speculative attack by private banks. It is financial repression, pushing rates down as ‘malinvestments’ increase. It is rinse and repeat,” he explained.
His critique also extends to the broader outlook for the US dollar, which, according to the Bitcoin pioneer, “is a quick, deadly fix; a USD hospice. Cue the final death throes of the US dollar.”
BeInCrypto has contacted Circle and Tether for comment and will update this article if they respond.
Keiser also highlighted what he views as an emerging trend. He said high-profile investors and technologists use artificial intelligence (AI) and novel corporate strategies to increase Bitcoin exposure.
The Bitcoin maxi referenced Strategy Executive Chair Michael Saylor and investor-turned-politician Vivek Ramaswamy.
“Financial engineers like Michael Saylor and Vivek Ramaswamy are using AI to invent novel security structures to maximize the Bitcoin Treasury model. Vivek Ramaswamy plans to take his company, Strive Asset Management, public by merging with Asset Entities and starting to accumulate Bitcoin using the model that Saylor’s Strategy has already successfully adopted — using proceeds from stock and debt issuance,” Keiser remarked.
Though no confirmed public filings detailing Ramaswamy’s use of AI in this context, Keiser sees these developments as significant.
“The results are redefining finance globally and adding significantly to the Bitcoin demand. OG’s like myself, who have watched Bitcoin outperform everything for 15 years, are seeing, for the first time, investment strategies that are outperforming Bitcoin, and the implications are profound,” he said
Keiser believes such strategies could push Bitcoin’s market value even higher. He also implied that the extraordinary compounding rates of the past could be extended. This sentiment comes as Bitcoin captures more of the total addressable market and scales even higher price points.
The views expressed are those of Max Keiser and do not necessarily reflect the opinions of BeInCrypto.
This chart shows that stablecoins have become a large holder in US treasuries.
Here’s a summary of more US crypto news to follow today:
| Company | At the Close of May 7 | Pre-Market Overview |
| Strategy (MSTR) | $392.48 | $411.52 (+4.85%) |
| Coinbase Global (COIN) | $196.56 | $205.16 (+4.38%) |
| Galaxy Digital Holdings (GLXY.TO) | $26.49 | $27.09 (+2.28%) |
| MARA Holdings (MARA) | $13.33 | $14.01 (+5.10%) |
| Riot Platforms (RIOT) | $7.84 | $8.24 (+5.10%) |
| Core Scientific (CORZ) | $8.90 | $9.35 (+5.06%) |
The post Stablecoin Issuers Using US Treasuries to Buy Bitcoin For Free, Max Keiser Claims | US Crypto News appeared first on BeInCrypto.
Pi Network has been on a free fall over the past week, with another 20% crash in the last 24 hours, dropping all the way to $0.44, and falling out of the top 30 crypto list. Investors have lost hope for the Pi Coin price recovery amid expectations of another 60% fall to $0.1. Despite a few developments, the overall market sentiment for the altcoin has turned extremely bearish.
The Pi Network price has been respecting no support levels and has been facing strong selling pressure with daily trading volumes shooting to $500 million. This massive dumping comes as investors have been losing faith in the project amid delays in mainnet launch, KYC process, etc. As a result, several top crypto exchanges like Binance and Coinbase have distanced themselves from Pi Coin listing on their platforms.
On the other hand, PiDaoSwap has raised concerns over prolonged delays in receiving Know Your Business (KYB) approvals. As a temporary workaround, PiDaoSwap has opted to launch its non-fungible tokens (NFTs) on Binance Chain to maintain project momentum while awaiting regulatory clearance.
Additionally, other developments like the Banxa integration are also not working in Pi Network’s favor at the moment.
Amid the very poor performance and 85% drop from its February high of $3.0, experts are now speculating that the Pi Coin price could drop to $0.1. The four main factors that can contribute to this are:
Our Pi Coin price prediction shows the altcoin will be trading under $0.40 level over the next month. Looking at the current free fall, the Pi core team needs to step up to arrest the further downside, and regain trust within the community.
The post Pi Network on Free Fall, 4 Reasons Pi Coin Price Going to $0.1 appeared first on CoinGape.