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After a wave of criticism over claims of an express UAE Golden Visa offer, the TON Foundation has set the record straight. In a terse statement, the organization denied government involvement in the project that offered applicants a 10-year Golden Visa for staking $100K worth of TON for three years. TON Foundation Clarifies Status Of
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Pi Network price is at a pivotal point amid a reduction in Pi Coin mining activity. Miners are capitulating at a time when Pi Coin price is struggling to regain its bullish momentum. As mining activity drops and miners and bearish headwinds from economic uncertainty intensify, can the Pi network token recover, or should traders brace for more declines? Let’s explore.
Pi Network price trades at $0.603 today with a slight 1.8% gain in 24 hours. These gains follow a modest recovery across the broader crypto market, as Bitcoin price rebounded above $82,000.
Analysts have now stated that Pi Network miners are giving up. One noted that they are likely capitulating because the already mined coins have not been moved to their wallets. He stated,
Miners are crucial to price stability and performance. If these stakeholders are exiting the network, it might fail to bode well for Pi Network price, as it shows reduced confidence in the future performance of this altcoin.
At the same time, reduced mining activity could be a double-edged sword. This decline may spark a decline in the supply, which could be bullish for Pi Coin price.
Dr Altcoin believes that supply and mining activity will not be the only factor that will shape the Pi Network price forecast. He observed that Pi Coin has been tracking Bitcoin price, and would continue to do so until there is a surge in utility.
A previous Coingape article reported that Pi Coin’s usage is rising across the Asian market. This is after the token was adopted as a means of payment by a skincare brand in South Korea.
Strategic partnership deals like the one with Banxa and Zito Realty in the US might also be a catalyst for Pi Coin price recovery.
On the lower timeframe, Pi Network price is flashing bullish signs that hint toward possible recovery in the near term. The RSI has recorded a steady rise to 60 at press time, suggesting that bullish momentum is in play.
The AO histogram bars also show that bulls are gaining strength. These bars are rising as buying activity builds, which indicates that the uptrend is gaining strength.
For the Pi Network token to maintain the upward momentum, it first needs to flip the resistance level at $0.63. This will pave the way for an uptrend to $0.80.
Therefore, the Pi Network price is at a pivotal point, with the reduced mining activity suggesting that crucial stakeholders are losing confidence. However, the 2-hour price chart hints at a possible recovery if Pi Coin can overcome resistance at $0.64 and possibly reach $1.
The post Pi Network Price Analysis: What’s Next for Pi Coin Price as Miners Capitulate? appeared first on CoinGape.
Bitcoin (BTC) and most altcoins may have another bullish catalyst hidden in plain sight: the US banking sector is in a crisis despite the veneer of stability. The unrealized losses are surging, a trend that may ultimately benefit alternative assets like BTC, considered as an inflation hedge or an uncorrelated asset over time. This BTC, ETH, and XRP price prediction highlights what to expect as these losses jump.
The Federal Reserve and the CEOs of large U.S. banks have continually emphasized the sector’s stability. Besides, the too-big-to-fail banks like Bank of America and Wells Fargo have passed one stress test after the other. Also, some of these banks, especially JPMorgan, have boosted their CET-1 ratio, a figure that showcases their ability to withhold losses under stress.
However, beneath the veneer of stability, US banks have a big hole that may one day benefit BTC, ETH, and XRP prices. They are sitting at over $482 billion in unrealized losses, a figure that has continued to swell.
The risk is that these banks cannot sell their held-to-maturity bonds for now since that would mean that they take substantial losses, hurting their share prices. At the same time, the Fed cannot cut interest rates rapidly as Trump has demanded. Doing that would spark inflation.
Furthermore, there is a growing risk that trust in the US is eroding as the Trump trade war persists. Indeed, Japan has already sold $20 billion of its international bonds, while China has continued to scale down its US holdings. In a note, an analyst on X said:
“This massively reinforces the structural case for Bitcoin. Because Bitcoin isn’t just an “inflation hedge.” It’s becoming the collateral of last resort as trust in traditional collateral evaporates.”
The daily chart reveals that the XRP price has surged, and moved above the descending trendline connecting the highest swings since January 15. Moving above that level was important because it invalidated the descending triangle pattern that has been forming.
Ripple price also jumped above the 100-day moving average, a level it has resisted in the past few weeks. Additionally, it has validated the bullish view of the inverse head-and-shoulders pattern.
Therefore, the most likely Ripple price forecast is bullish, with the initial target being the psychological point at $3. This target is about 30% above the current level, and along the shoulders section of the H&S pattern that formed earlier this year.
The chart below reveals that the BTC price has surged above $95,000. It sits much higher than the 100-day moving average and has formed a bullish flag chart pattern. This pattern has a tall flagpole and a consolidation and often leads to more gains.
The Bitcoin price has jumped above $88,827, the neckline of the double bottom at $76,800. Therefore, with US banks unrealized losses rising, there is a likelihood that it will blast above $100,000 soon.
Like the XRP price forecast, there are signs that Ethereum will blast higher soon. That’s because it has jumped above the key level at $1,600, the upper side of the falling wedge pattern. This wedge is a common reversal chart pattern.
ETH price has also formed a small bullish flag pattern. Oscillators are also pointing upwards. Therefore, the two Ethereum price forecast levels to watch are the psychological point at $2,000, followed by $2,120. It will need to jump above these levels to confirm a solid breakout.
Technical analysis suggests that the of BTC, ETH, and XRP prices will experience a bullish breakout in the near term. This view is also supported by their respective fundamentals, including institutional demand and whale buying.
The post What’s Next for BTC, ETH, XRP Price Prediction As US Banks Face $482 billion in Unrealized Losses appeared first on CoinGape.
Amid the Donald Trump election win, the Bitcoin price rally resulted in creating a new ATH, surging almost twice its value within months. This gained the world’s attention, as such high returns and success of Bitcoin ETF resulted in many institutional buyers holding on to BTC. Recently, the Coinbase executive pitched a plan for the US government to buy $100 billion of BTC in 2025. Not only can this benefit them, but a massive rally could form for the token. Let’s discuss the potential impact.
Coinbase Asset Management President Sebastian Bea recently appeared on The Scoop with Frank Chaparro, which was released on Wednesday, and discussed various points around Bitcoin. However, the highlight became the fact that the US government could buy $100B worth of BTC at the current Bitcoin price.
COINBASE JUST SAID THE USA LIKELY TO BUY $100 BILLION BITCOIN SOON
IT’S COMING!!!
pic.twitter.com/XzIJrDsJfB
— Vivek
(@Vivek4real_) April 30, 2025
Although this was not a speculation, but rather a roadmap on how the government could get into Bitcoin buying. He disclosed that if the government reevaluated its gold held in Fort Knox at $42 an ounce to the current price, it could bring a gain of $900 billion to a trillion.
Out of this, the $100B could be easily allocated to the Bitcoin buying for Donald Trump’s US strategic Bitcoin reserve.
Today, the US government still values gold held in Fort Knox at $42 an ounce. If they mark that to current market prices, it would create a mark-to-market gain of roughly $900 billion. That $100 billion is a relatively small portion of the $900 billion gain, so it’s a feasible, significant position. This would be a huge change, showing the government’s commitment to Bitcoin as a strategic reserve.
He further claimed that the US government’s initiation could influence others to do the same, as they have been doing with gold. He cited the rising adoption and evolving demand, before revealing it’s hard not to be bullish on Bitcoin with all these.
The U.S government’s Bitcoin buy would bring strong institutional validation for the crypto token, affecting the Bitcoin price dynamic. BTC has been doing significantly well on its own, and the recent institutional adoption, especially with El Salvador, BlackRock, and MicroStrategy Bitcoin buying, and others, has fueled the demand further.
The government’s buy would push it to another level. The $100 billion buy would reduce the availability of BTC in the market, as there’s a limited supply. As a result, this could put upward pressure. More importantly, it would influence others to do the same in an ‘arms race’, generating positive momentum.
Although the trajectory is unpredictable, the BTC price would fuel immense upward pressure.
Experts have been anticipating extreme bullish moves for this cryptocurrency over various parameters. Multiple Bitcoin price predictions, including Dave the Wave, see BTC hitting $200k by 2025 end, without government stimulus.
Interestingly, Ark Investment has redirected its BTC price target to $2.4B by 2030 based on active supply, bull case, and various assumptions. US government Bitcoin buying could be the catalyst to $500k, but there’s no confirmed trajectory.
Previously, Bitwise CIO anticipated the $500k target in case of any country’s strategic Bitcoin reserve. If the US did, this could likely happen.
The post How $100 Billion Bitcoin Purchase by the US Could Send BTC Price to $500K? appeared first on CoinGape.
