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The Shiba Inu price is trading within a narrow range as market uncertainty keeps movement restricted. Although the token has been in a consolidation range, technical indicators are indicating that a decisive move might be on the cards. In the meantime, Doggy DAO governance reforms provide the ecosystem with community-driven momentum that can potentially instill
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The post Why is XRP Price Going Up Today? appeared first on Coinpedia Fintech News
Bitcoin has reclaimed the $90,000 level for the first time since March, surging as investors seek refuge in crypto amid a falling U.S. dollar. The flagship cryptocurrency rallied for a second consecutive day, supported by macroeconomic headwinds and increasing expectations that the Federal Reserve may soon pivot to rate cuts.
The U.S. Dollar Index (DXY) has slipped to a three-year low, increasing Bitcoin’s appeal as a hedge against currency devaluation. The situation mirrors recent gains in gold, which, like BTC, is often viewed as a store of value during uncertain economic conditions.
Altcoins Join the Rally
The bullish momentum wasn’t limited to Bitcoin. Ethereum (ETH) jumped by 13%, while XRP and Solana (SOL) each gained 7%. Dogecoin (DOGE) outperformed with a 14% surge, riding the wave of renewed retail interest and risk-on sentiment.
XRP has been holding firm within a well-established range, currently trading above key support between $1.21 and $1.55. Analysts highlight that, despite minor wicks and volatility, this zone remains structurally intact. A rally in wave five, as suggested by some Elliott Wave analysts, may still be in play.
For a bullish breakout confirmation, XRP would need to clear $2.25, the recent local high from April 13. A successful push beyond that level could open the door for a move toward $3.30, and potentially extend to targets between $5.00 and $5.65, depending on broader market momentum. At the time of writing, XRP has gained more than 7% and is trading at $2.25.
However, the path higher isn’t guaranteed. A break below $1.82 could shift focus to a deeper correction. While microstructure analysis shows no clear five-wave decline — which would imply a deeper correction — the market has yet to confirm a strong reversal.
The post Why is XRP Price Going Up Today? appeared first on Coinpedia Fintech News
Bitcoin has reclaimed the $90,000 level for the first time since March, surging as investors seek refuge in crypto amid a falling U.S. dollar. The flagship cryptocurrency rallied for a second consecutive day, supported by macroeconomic headwinds and increasing expectations that the Federal Reserve may soon pivot to rate cuts. The U.S. Dollar Index (DXY) …
Bitcoin (BTC) clings to $94,350 ahead of tomorrow’s high-stakes FOMC meeting, with traders bracing for wild price swings as the Fed weighs stubborn inflation against White House pressure for rate cuts. The CME FedWatch Tool shows a 98.2% probability of rates remaining unchanged, while technical indicators suggest a potential $100K breakout thesis.
Trump’s tariffs and his comments show that the White House has been increasingly vocal about the need for rate cuts, However, Fed Chair Jerome Powell remains unconvinced and has stuck to his “wait-and-see” stance.
“Powell won’t cut rates based on economic forecasts alone. The Fed needs to see actual deterioration in employment data before making its move,” notes a former high-ranking Fed official who worked alongside him.
Despite the tension between political desires and economic reality, the Fed Watch Tool currently shows overwhelming consensus (98.2% probability) that rates will remain unchanged at 425-450 basis points tomorrow. This shows that Powell is ready to wait it out. It also highlights the disconnect between market expectations and political pressures.
On the other hand, stubborn inflation data continues to complicate the Fed’s decision-making process, which will be a key topic to observe in the FOMC meeting on May 7.
In a significant yet underreported development, the Fed announced a $5 billion monthly Treasury buyback program that effectively maintains its position as a net buyer. This technical adjustment caps long-end yields even as short-term rates edge higher, creating a complex yield curve dynamic that Bitcoin traders are still coming to terms with.
The economic outlook remains precarious. Recession probability models now show a 57% chance of economic contraction in 2025 – better than last week’s 63% reading, but still alarmingly high. This uncertainty, coupled with potential tariff impacts from the Trump administration, creates a challenging backdrop for risk assets like Bitcoin.
Bitcoin’s recent price action screams uncertainity.
Ideally, investors should wait for clear confirmation of support formation – specifically, the formation of a series of higher lows and increasing buy volume near the $93k threshold or a huge spike in selling volume without a price follow-through.
If Bitcoin can’t hold $93,000, it will most likely slide lower to test the next value area between $81k to $88.4k. Here, Bitcoin consolidated throughout March 2025 and early April 2025. This zone could provide exceptional buying opportunities, hinting at a bullish Bitcoin price forecast for those patient enough to wait for them.
As traders prepare for tomorrow’s announcement, several key variables will determine Bitcoin’s next major move:
To conclude, the convergence of these technical and macroeconomic factors creates a perfect environment for heightened volatility that could potentially propel Bitcoin price higher or lead to steep corrections. Either way, traders need to be prepared for an opportunity.
The post BTC Price Preview: Bitcoin Eyes Fed’s Next Move Ahead of FOMC appeared first on CoinGape.
As some investors seek answers for ‘why the market is down today?’, others seek an alternative crypto investment platform. Hedera (HBAR) Investors seem to have discovered a different but simple way to earn crypto profits every day.
As of June, Hedera (HBAR) records a 20% decline in the past month. Despite some analysts suggesting a possible bullish reversal, HBAR continues to trade below $0.15, a major barrier level against HBAR price recovery. To potentially overcome the selling pressure and start a bullish trend, HBAR price will have to rise above the $0.17 threshold. With reports of lesser activity, limited stablecoin flowing into the Hedera network, the prospects of HBAR price rising could be minimal.
Reportedly, HBAR investors are shifting to cloud mining through MiningCoop. Launched with the aim of making crypto mining rewards accessible to all, MiningCoop offers daily crypto profit earnings through diverse cloud mining contracts.
Traditionally, Bitcoin mining was the most difficult space to join and profit from. Bitcoin mining requires expensive hardware setup or a Bitcoin mining machine. Also, the electricity consumption, often compared to the amount consumed by a whole country, made it almost impossible for ordinary individuals to participate in Bitcoin mining.
Fortunately, MiningCoop launched cloud mining contracts that allow users to rent Bitcoin mining hashpower, with modest investments starting from $100. MiningCoop owns several Bitcoin mining farms across the globe, powered by renewable energy sources, making it less costly. Also, MiningCoop’s mining farms are fully AI-optimised, adding to cost efficiency. As such, the company achieves high profit margins, translating to high daily returns for the platform users.
MiningCoop is a well-established platform for cloud mining of Bitcoin, Litecoin, and Dogecoin that pay high returns in the crypto investment space. A view into MiningCoop’s diverse cloud mining contracts reveals crypto profits ranging between $8 to $5,100 per day, depending on the purchased contract.
Even better, MiningCoop offers a $100 bonus when users join MiningCoop cloud miners. The $100 helps in purchasing its Jaminer trial contract plan, allowing new investors to explore Bitcoin and Dogecoin cloud mining without spending their money. The $100 and profits of about $1.35 per day can be withdrawn.
A View Into MiningCoops Bitcoin & Dogecoin Cloud Mining Contracts:
What Attracts HBAR Investors to MiningCoop Bitcoin Cloud Mining:
Apart from the profitable Bitcoin, Litecoin, and Dogecoin cloud mining contracts, users can join MiningCoop’s affiliate program and earn USDT. The process is simple: sign up for the referral program, get a referral code to conduct social media promotion, and earn 3.5% commission each time a referral invests in MiningCoop.
With a little effort, users could build a passive income stream, offering substantial monthly earnings.
The crypto market is down today, indicating a possible liquidation of significant amounts of crypto investors’ money. HBAR investors shifting to Bitcoin, Litecoin, and Dogecoin cloud mining through MiningCoop offers them a good opportunity to earn crypto profits despite market uncertainty.MiningCoop may be a suitable option for individuals exploring cloud mining opportunities.
For more information: Mining Coop
The post MiningCoop Launches High-Yield Cloud Mining Contracts, Attracting Hedera (HBAR) Investors Amid Bitcoin Market Uncertainty appeared first on BeInCrypto.