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The Shiba Inu price trades at $0.00001297 following a 1.26% gain over the last 24 hours, at press time. The token has developed an inverse head and shoulders pattern, implying a potential bullish reversal in case the neckline resistance is breached. Also, a recent surge in token burns and a security upgrade of Shibarium have
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According to a new analysis, the character of the current crypto bull market has changed. Institutional participation is paving the way for a longer, more sustained period of growth at the expense of the explosive gains seen in past cycles.
On-chain data analyst ‘Yonsei_dent’ of CryptoQuant argued Wednesday that key metrics show the market is maturing. He pointed to the Net Unrealized Profit/Loss (NUPL) indicator, explaining that it shifts toward “longer, more sustainable cycles” that may feature fewer sharp, short-term rallies that defined previous bull runs.
The NUPL metric essentially gauges the market’s overall profitability. When it’s high, many investors hold significant unrealized profits, which increases the temptation to sell and take profits.
“Historically, NUPL peaks have been a remarkably accurate signal for market cycle tops. The 2017 cycle had one massive peak. The 2021 cycle had two. In the current cycle, NUPL appears to be attempting a third peak. What we’re seeing now is new.”
Yonsei_dent attributes this fundamental shift to the influx of institutional capital, particularly through the successful US-based spot Bitcoin ETFs. This new source of demand is more consistent and less speculative than the retail-driven frenzy of past cycles.
“The ETFs have been a game-changer,” the analyst noted. “They bring a stabilizing force and immense liquidity.”
This new stability, however, comes at a price. While the market is larger and less volatile, the analysis shows that the percentage gains during each successive rally in this cycle have gradually decreased.
“The era of frenzied, 100x rallies in a short period might be behind us. The data suggests we are entering a new paradigm. Bull markets may last longer and be built on a more solid foundation, but investors should adjust their expectations for the kind of sharp, overheated gains we saw in the past.”
The post Bitcoin’s New Bullish Nature: Long Climb Without Sharp Surges appeared first on BeInCrypto.
XRP price is experiencing choppy movements that could continue for most of this week after the SEC delayed its decision on Franklin Templeton’s Ripple ETF filing. However, Bloomberg believes there is an 85% odd of approval by the final deadline in October. With the increased chances, traders are speculating whether to buy XRP now and await gains.
XRP value today is experiencing sideways moves with no clear breakout despite a bullish outlook in the broader market as Bitcoin defends $95,000. Its lack of meaningful gains comes after the SEC delayed the decision on Franklin Templeton’s XRP ETF filing until June 17.
Despite this development, Bloomberg has increased XRP ETF approval odds to 85% while analyst James Seyffart has opined that the commission may give its nod on the pending applications during the last quarter of 2025. While responding to Crypto in America host Eleanor Terrett, Seyffart added that the SEC approve the filings before the final decision date.
Seyffart is likely basing his projection for approval on the SEC vs. Ripple lawsuit coming to an end. The new chair, Paul Atkins, took office last week, and he may be the key to this case finally being closed.
Approval will mean gains for the XRP price, considering that institutions have shown interest in the Ripple ETFs that are already trading. The first US leverage Ripple ETF by Teucrium has amassed $55M in net assets one month into launch, while Brazil also debuted a spot ETF.
According to analyst Chad on X, approval will fuel a price rally by opening up a new revenue stream for most investors. Meanwhile, investment banking giant Standard Chartered has predicted that XRP might skyrocket to $5.50 by the end of the year while attributing this rally to ETF products.
Therefore, a trader looking to front-run a potential rally should consider buying now despite the ETF approval delay. However, caution is still advised as the SEC might still reject the applications if the lawsuit fails to be officially closed by year-end.
XRP bulls show resilience despite the rally halting after hitting resistance at $2.30, suggesting that an uptrend may be on the horizon. The token is trending within the upper Bollinger band, implying a strong bullish momentum and the likelihood of the rally continuing.
Meanwhile, the RSI continues to rise and has reached 56, which points to sustained buying pressure and a likelihood that the XRP price will continue to trend upwards.
If the bullish scenario holds and Ripple maintains support at the middle Bollinger band, it faces the next resistance at $2.61, and if it can flip this level, it could continue the toward trend towards $3.
Hence, XRP price is facing a bullish recovery as traders await the approval of spot ETF filings after Bloomberg raised their odds of the product debuting in the US to 85%. Traders might frontrun this approval and fuel gains for Ripple in the near term.
The post XRP Price Prediction: Should You Buy XRP Before SEC Approves Ripple ETF? appeared first on CoinGape.
The biotech firm 180 Life Sciences has rebranded as ETHZilla after launching a treasury in Ethereum (ETH) worth $425 million. Therefore, moving its focus to blockchain instead of biotech. The initiative will see the company use Ethereum as a core treasury asset and a standard for on-chain financial strategies. ETHZilla Aims to Become Ethereum Treasury
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