Bitcoin’s price has recently surged, climbing back above the $90,000 mark. The cryptocurrency has gained more than 8% in the last 24 hours and is eyeing higher levels. President Donald Trump is set to announce a major shift in cryptocurrency policy this week, including plans for a Bitcoin strategic reserve. This move, confirmed by Commerce Secretary Howard Lutnick, is part of a broader strategy to regulate and position the U.S. as a global leader in digital assets.
In an interview with The Pavlovic Today, Lutnick said, “The President definitely thinks that there’s a Bitcoin strategic reserve. A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday. So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently.”
This announcement comes after Trump outlined his stance on a U.S. crypto reserve in a post on Truth Social. The White House Crypto Summit, scheduled for Friday, will be a key event in the administration’s efforts to create regulatory clarity and promote financial innovation within the cryptocurrency space.
This summit follows Executive Order 14178, signed during Trump’s first week in office, which committed his administration to the responsible growth and use of digital assets. The summit will bring together key figures from the crypto industry to discuss the future of regulation and economic opportunities in the digital asset space.
Bitcoin (BTC) is facing a mix of bullish signals and short-term uncertainty. Moody’s recent downgrade of the US credit rating has heightened long-term bullish sentiment around BTC, reinforcing its role as a hedge against rising debt and fiscal uncertainty.
Meanwhile, on-chain data shows a declining supply of Bitcoin on exchanges, suggesting investors are leaning toward holding rather than selling. Despite these bullish fundamentals, BTC remains in a short-term consolidation phase, with price action needing fresh momentum to break higher.
Moody’s Downgrade Ends US Century-Long Perfect Credit Rating Streak
Moody’s has downgraded the US credit rating from Aaa to Aa1, removing the country’s last perfect score among major credit agencies.
It’s the first time in over a century that the US lacks a top-tier rating from all three, following downgrades by S&P in 2011 and Fitch in 2023. Rising deficits, mounting interest costs, and the absence of credible fiscal reforms drove the decision.
Markets reacted quickly—Treasury yields climbed, and equity futures slipped. The White House dismissed the downgrade as politically driven, with lawmakers still negotiating a $3.8 trillion tax and spending package.
Moody’s also warned that extending Trump-era tax cuts could deepen deficits, pushing them toward 9% of GDP by 2035—a scenario that may strengthen the appeal of crypto, especially Bitcoin, as a hedge against long-term fiscal instability.
After briefly rising from 1.42 million to 1.43 million between May 2 and May 7, Bitcoin’s supply on exchanges is falling once again.
This short uptick followed a more significant decline between April 17 and May 2, when the exchange supply dropped from 1.47 million to 1.42 million. Now, the metric has resumed its downward trend, currently sitting at 1.41 million BTC.
The supply of Bitcoin on exchanges is a key market indicator. When more BTC is held on exchanges, it often signals potential selling pressure, which can be bearish.
Conversely, a decline in exchange balances suggests holders are moving their coins to cold storage, reducing near-term sell pressure—a bullish signal. The current drop reinforces the idea that investors may be preparing to hold rather than sell.
The Ichimoku Cloud chart for Bitcoin shows a period of consolidation with neutral-to-slightly-bearish signals. The price is currently sitting right around the flat Kijun-sen (red line), indicating a lack of strong momentum in either direction.
The Tenkan-sen (blue line) is also flat and closely tracking the price, reinforcing this sideways movement and short-term indecision.
The Senkou Span A and B lines (which form the green cloud) are also relatively flat, suggesting equilibrium in the market. The price is moving near the top edge of the cloud, which typically acts as support. However, since the cloud is not expanding and has a flat structure, there is no strong trend confirmation at the moment.
The Chikou Span (green lagging line) is slightly above the price candles, hinting at mild bullish bias, but overall, the chart signals indecision and the need for a breakout to confirm the next direction.
Moody’s Downgrade Strengthens Bitcoin’s Long-Term Bull Case Amid Short-Term Consolidation
While it may not trigger immediate price action, the downgrade reinforces the narrative of growing fiscal instability and debt concerns—conditions that strengthen Bitcoin’s appeal as a decentralized, hard-capped asset.
In the medium to long term, more investors may turn to BTC as a hedge against sovereign risk and weakening trust in traditional financial systems.
In the short term, however, Bitcoin price remains in a consolidation phase after breaking above $100,000. Its EMA lines are still bullish, with shorter-term averages above longer-term ones, but they are flattening out.
For bullish momentum to resume, BTC would need to push past the $105,755 resistance.
On the downside, holding above the $100,694 support is crucial—losing it could open the door for declines toward $98,002 and potentially $93,422.
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a strong warning about the state of the U.S. economy. Amid these concerns, Kiyosaki has predicted BTC price could surge to between $500,000 and $1 million amid Bitcoin setting a new all-time high today. Robert Kiyosaki Concerns Over U.S. Bond Auction Robert Kiyosaki’s recent comments were triggered by a U.S. Treasury bond auction held on May 20. The Rich Dad Poor Dad author stated that no buyers appeared at the auction and alleged the Federal Reserve had to purchase $50 billion worth of bonds itself. The U.S. Treasury Department, however, released data showing a bid-to-cover ratio of 2.97, with $212.58 billion in bids and $74.38 billion accepted. Only $4.38 billion was awarded to the Federal Reserve’s account, according to the official records. This suggests participation was higher than Kiyosaki implied. Despite this, Robert Kiyosaki warned that this event signals a… Read More at Coingape.com
Solana (SOL) is gaining significant momentum again, both on-chain and in price action. The network is nearing a major milestone of 400 billion total transactions. In the last seven days, SOL has surged over 12% and reclaimed the $150 level for the first time since early March.
From its cycle low of $9.98 in January 2023, Solana has soared over 1400%, backed by growing adoption across its ecosystem. With bullish technical signals, thriving apps like PumpFun and Jito, and talk of a potential run toward $500 in 2025, Solana is once again cementing its place as a top performer in the market.
Solana Network Nears 400 Billion Transactions
Solana is nearing a major milestone. It is less than 2 billion transactions from hitting the 400 billion mark.
This comes as SOL’s price gains fresh momentum, rising over 12% in the past week and breaking above $150 for the first time since March 2, with its DEX trading volume reaching almost $16 billion in the last seven days, more than any other chain.
Since bottoming at $9.98 on January 1, 2023, Solana has skyrocketed by an incredible 1412%, becoming one of the top performers of the current cycle.
But it’s not just price action—this cycle has also brought an explosion of real adoption to the Solana ecosystem. Apps like PumpFun, launched just last year, have quickly become among the most profitable in crypto.
Meanwhile, core protocols like Raydium, Meteora, and Jito continue to generate millions in monthly fees, highlighting the network’s growing utility and economic strength.
The RSI is a momentum oscillator ranging from 0 to 100, used to evaluate whether an asset is overbought or oversold. Readings above 70 typically suggest overbought conditions, often preceding a pullback, while values below 30 indicate oversold levels and potential buying opportunities.
With SOL’s RSI now sitting at 64.51, it points to continued bullish sentiment without being overstretched.
This level allows for further upside if momentum builds again, but traders will be watching closely to see if the RSI can climb back toward the overbought zone—or if selling pressure starts to mount.
Will Solana Reach $500 in 2025?
The Solana price is trading within a tight range. It faces resistance at $152 and holds support at $147.60.
Its EMA lines remain bullish, with short-term averages above long-term ones, signaling that the broader uptrend is still intact.
If the $152 resistance is broken, SOL could climb toward $160, and with sustained momentum, even target $180.
Looking further ahead, if Solana regains the momentum it had at the end of 2023 and throughout early 2024, it could retest its all-time high of $256 and potentially push toward $300 in the first half of 2025.
Should the overall crypto market recover in the second half and Solana continue leading in DEX volume and developer activity, the $500 mark becomes a realistic long-term target.
However, on the bearish side, a loss of the $147.60 support could open the door for a correction toward $124 or even $112 if the downtrend accelerates.
