Author: Monicah W

Bitcoin price forecast enters a critical phase as BTC trades near record highs. While macro trends and ETFs support the rally, on-chain activity warns of a looming correction, with long-term holders offloading coins near peak levels.

Bitcoin price tops $94K setting new peak in 3 consecutive days

Bitcoin extended its recent rally to reach a new all-time high of $94,220 on April 23, climbing nearly 4% over the last 24 hours. This marks the third consecutive day the leading cryptocurrency has posted a fresh peak, beginning April 20.

The bullish momentum follows renewed macroeconomic uncertainty, as former President Donald Trump intensifies political pressure on Federal Reserve Chair Jerome Powell, reigniting investor concerns over monetary policy direction.

Traders and institutional players appear to be pricing in heightened volatility in traditional markets, as Trump publicly criticized the Fed’s current leadership and reaffirmed his stance on aggressive tariffs.

These statements have catalyzed a rotation of capital from risk-weighted equity sectors into Bitcoin and related crypto products. This trend is in line with BTC’s historical behavior as a hedge asset during periods of political and monetary instability.

Bitcoin ETFs pulled highest inflows since inception

Bitcoin ETFs posted their strongest single-day net inflow in 2025 on Tuesday, with over $921 million added to fund holdings, according to Farside data. The record-breaking inflow underscores rising institutional demand, particularly as macroeconomic concerns and trade policy risks escalate.

The spike in ETF allocations occurred as traditional stock indices wavered midweek amid renewed trade rhetoric from Trump’s camp and speculation surrounding the potential ousting of Fed Chair Jerome Powell.

Analysts interpret this as a reallocation of capital, with Bitcoin ETFs benefitting from risk-off sentiment in equities.

The $100,000 psychological barrier now appears within reach, yet on-chain signals suggest underlying risks that could derail momentum.

Age Consumed surged to 12 million BTC signalling intense profit take from long-term holders

While price and institutional inflows point to a strengthening bull cycle, on-chain data tells a more nuanced story.

According to Santiment, Bitcoin’s Age Consumed—a metric tracking the movement of previously dormant coins—spiked dramatically from 2.03 million BTC on April 19 to over 12 million BTC by April 23.

This sharp increase in Age Consumed signals that Bitcoin long-term holders are moving large quantities of previously idle coins, often associated with profit-taking or strategic exits.

The sudden surge in Age Consumed typically reflects distribution from older wallets, a trend that has historically preceded local tops or significant pullbacks.

The movement suggests that some long-term investors may be capitalizing on Bitcoin’s latest highs, potentially dampening bullish momentum in the near term.

While not definitive on its own, the Age Consumed spike introduces a cautionary signal as Bitcoin approaches the psychological $100,000 mark. If selling pressure from long-term holders intensifies, it could introduce volatility or stall further gains—even in the face of bullish macro and institutional trends.

Bitcoin price forecast today: Bull trap risk looms near $94K as weekly chart hits upper Bollinger band

Bitcoin price forecast signals today show bulls attempting to breach the $95,000 as BTC taps the upper Bollinger Band on the weekly chart. While the rally from sub-$80,000 lows marks a strong technical rebound, traders may need to exercise caution.

BTC price has now entered the resistance zone near $94,000–$107,000, where past weekly candles have previously faced rejection.

The Bollinger Bands (BB) upper line at $107,383 acts as a key resistance ceiling. Unless this level is breached with volume, BTC risks rejection at the top of its volatility envelope.

Momentum indicators show mixed signals. The Relative Strength Index (RSI) stands at 57.37, just above its moving average (54.20), hinting at mild bullish bias—but still well below overbought levels.

However, the RSI Moving Average Histogram (RSI-MA) shows a divergence, with the slower red MA at 60.61 still declining while the green bar is only at 47.61. This suggests momentum remains fragile.

Given these conditions, Bitcoin price forecast may be susceptible to a bull trap if price fails to decisively close above $94,000 with strong follow-through. Without confirmation, profit-taking could trigger a reversal toward the mid-Bollinger level around $92,200 or lower support near $77,000.

The post Bitcoin Price Today: This 12 Million BTC Signal Could Block $100,000 Rally appeared first on CoinGape.

In a positive development for Coinbase, Alabama has officially dropped its enforcement action against the cryptocurrency exchange. This decision marks a shift in the legal challenges facing the company regarding its staking program.

Currently, only five states continue to pursue legal cases against Coinbase’s staking services.

Alabama Drops Coinbase Lawsuit Over Staking

Alabama’s Securities Commission had accused Coinbase of offering unregistered securities through its staking rewards program. The staking service allows users to lock up their digital assets to help verify transactions on a blockchain network. In return, Coinbase provides rewards to the users, and the company earns a commission for facilitating the process.

State regulators, including those from Alabama, argued that the program was an investment contract that would require registration under securities laws.

We’re halfway there: Alabama just dropped its enforcement action against @coinbase – cutting the number of states with misguided staking suits in half in just two months. 1/3 pic.twitter.com/MWVnl30BTl

— paulgrewal.eth (@iampaulgrewal) April 23, 2025

While the Alabama case may have been dropped, the crypto exchange still faces legal challenges elsewhere, including in Oregon. A development came from pro-XRP lawyer John Deaton, who sharply criticized Oregon’s Attorney General Dan Rayfield’s stance in the state’s case against the crypto exchange. Deaton questioned the rationale behind the legal action, calling Rayfield’s arguments illogical and potentially harmful to the broader cryptocurrency ecosystem.

Other States Involved in Legal Actions

Several states, including California, Illinois, and Washington, filed the Coinbase lawsuit after a multi-state investigation spearheaded by the U.S. Securities Exchange Commission.

The ten states, including Alabama, brought legal suits against Coinbase for allegedly violating laws governing securities in the states through its staking program. While some have issued cease and desist letters to the crypto exchange, others have threatened to fine the company or have flat out banned the provision of staking services.

However, several states have backed down since then, including the US SEC in February this year. Kentucky, Vermont and South Carolina even dismissed their own cases against the exchange and now this is also the case with Alabama. The exchange’s legal department has continually defended the staking activity, saying it is legal and has acted against such trends.

California, Maryland, New Jersey, Washington, and Wisconsin are the only states still actively pursuing legal action against the company. As Coibase’s Chief Legal Officer says, the legal situation is shifting and he would like to see more states withdraw their actions like Alabama.

Shifting Focus to Federal Regulation

Paul Grewal argued that the current patchwork of state-level regulations on staking services is confusing consumers and businesses in the crypto space. He pointed out that four of the remaining states have imposed complete bans on Coinbase’s staking service. These actions, in his opinion, misallocate taxpayer resources.

“It’s time for these outliers to follow suit,” said Grewal. He stressed the need for a clear, federal regulatory framework for digital assets. With the recent drop of the SEC’s own federal case against the crypto exchange over staking, the focus is now on whether Congress will intervene and create a more unified approach to regulating cryptocurrencies.

Coinbase has long advocated for clearer and more consistent regulations for the crypto industry, which would help provide more certainty to both consumers and businesses. The ongoing legal battles in various states only highlight the challenges posed by the lack of a comprehensive federal framework, which the crypto community await to change under the new US SEC Chair Paul Atkins.

The post Coinbase Secures Legal Win as Alabama Drops Lawsuit Over Staking appeared first on CoinGape.

The trade tensions between the US and the People’s Republic of China may be easing following President Donald Trump’s new comments, sparking renewed interest in global financial and crypto markets. Among the biggest gainers has been the cryptocurrency sector, which saw sharp movements after Trump’s remarks about reducing tariffs on Chinese goods.

US-China Tariff Negotiations Gain Momentum

After months of tense exchanges, President Donald Trump hinted at reducing tariffs on China during a press event at the White House. According to the update, President Trump said that while the high tariffs on Chinese goods would not be completely removed, they would come down substantially. 

He noted that 145% was very high and that the two countries could have a better relationship. China, in turn, released a statement showing an interest in restarting trade talks. After weeks of heavy pressure on both economies, the move hinted at possible breakthroughs. 

Commenting on the developing story, political and economic analyst Jostein Hauge emphasized that China holds a stronger position. He noted this as the country primarily exports high-tech goods to the United States.

He added that American exports to China are mostly low-tech products like fuels. This makes it easier for China to find new sources, while the United States could struggle to replace its Chinese imports.

Bitcoin Soars as Crypto Market Investors Makes Bold Bets

The financial and crypto markets have responded positively to the anticipated tariff truce between the two countries. 

For example, Bitcoin extended its recent rally, reaching a new all-time high of $94,220 on April 23. Market predictions suggest that the Bitcoin price could crest at the $100,000 mark amid whale distributions. 

It is worth noting that the current price outlook is partly driven by BTC ETF inflows, which hit $921 million, the highest daily figure since the ETF’s launch. The broader digital asset market also experienced a significant influx of investment, with total market capitalization surpassing $3 trillion. 

Crypto market and altcoins such as XRP, Solana (SOL), and Cardano (ADA) also gained momentum. The memecoin market was not left behind either, as the Official TRUMP token surged 70%, reaching $14.56.

Traders are increasingly hopeful that easing tensions between the US and China could fuel a long-term rally in crypto assets.

Inflation and Interest Rates in Focus

The potential easing of US-China trade tensions could directly impact inflation and interest rate policies. With tariffs likely to decrease, the cost of imported goods may fall, reducing pressure on consumer prices. 

A lower inflation outlook could give the Federal Reserve more space to slow down interest rate hikes. President Trump has called on Fed Chair Jerome Powell to lower interest rates.

Investors are now watching closely to see if these early talks will lead to a full agreement. For now, the crypto market is one of the biggest winners from the latest shift in the US-China trade war.

The post US-China Trade War: Crypto Market In Spotlight as Tariff Concession Talk Resumes appeared first on CoinGape.

The price of several digital currencies, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Cardano (ADA), has risen rapidly. After weeks of sustained consolidation, these altcoins have recorded their highest price levels in the past month, setting them on many traders’ watchlists. Amid the general bullish breakout, here is a breakdown of what to expect from the price of these digital currencies moving forward.

Dogecoin and Potential Reversal Prospect

At the peak of trading, the price of DOGE soared as high as $0.1850 per CoinMarketCap data. However, the coin has seen its price fall to $0.1797 while maintaining a 4.07% uptick in 24 hours. The broader crypto market jumped today, with memecoins largely leading the rally.

For Dogecoin, the core performance metrics stayed bullish, with a trading volume of 64.24% to $2.1 billion. Over the past month, the DOGE price maintained a strong consolidation; the trading volume hardly exceeded the $1 billion mark. Despite the intensely positive retail and whale engagement, the memecoin is still locked below the $0.1800 resistance level.

The uptick in the price of Dogecoin did not come from core DOGE fundamentals. Unless this trend changes and core ecosystem updates emerge, the bullish breakout of the memecoin might be short-lived.

Shiba Inu Changing the Memecoin Outlook

Shiba Inu joined the rally, soaring as high as $0.00001388 within the 24 hours. Although the percentage gain is now relaxed, the coin has maintained its support above the $0.000013 mark. Over the past week, the coin jumped 13.62% as it looks to pare off the losses it incurred in the Year-to-Date (YTD).

Considering the market outlook, SHIB price analysis hints at a potential 512% breakout in the coming weeks. While there are conflicting whale and futures outlooks on different timeframes, the Shiba Inu ecosystem has a more promising anchor for the price.

Unlike other memecoins like Dogecoin, with Shibarium and the SHIB OS innovation, developers like Shytoshi Kusama are pushing for new use cases for the project. While there are collaborations with governments to back its evolution, time may be the major decider of how high Shiba Inu can sustain its cycle momentum.

Cardano May Take Advantage of Bitcoin Influence

Bitcoin is the clear market leader, but Cardano may see more benefits from its association in the long term. The Charles Hoskinson-led project is making an important pivot to drive Bitcoin adoption with DeFi-based staking as teased previously.

Cardano has achieved more than most Proof-of-Stake (PoS) blockchain networks in the past year. The protocol transitioned to community governance and has outperformed core rivals in percentage growth over the past year.

Cardano’s price changed hands for $0.6983 at the time of writing, up by 5.92% in the past 24 hours.

With $0.7 a local market resistance, ADA has the fundamentals to break out long-term. Per an earlier ADA price analysis, the coin could soar to $0.7658 in the short term.

The post What to Expect from Dogecoin, Shiba Inu, and Cardano Price Now? appeared first on CoinGape.

XRP price climbed 2.3% on Wednesday, breaking past resistance levels as altcoin ETF speculation triggered renewed institutional buying pressure.

Ripple (XRP) breaks 14-day resistance as Bloomberg’s Chief ETF analyst hints 72 altcoin ETF applications

Ripple’s XRP token climbed 2.3% on Wednesday, crossing the $2.20 level for the first time in two weeks as ETF optimism gripped altcoin markets. The XRP price breakout follows a sustained consolidation below the $2.10 technical resistance zone that had capped gains since early April.

The broader crypto market witnessed moderate gains midweek, buoyed by expectations of a more favorable regulatory outlook following recent changes at the U.S. Securities and Exchange Commission.

Notably, Ripple price outperformed rival altcoins like  BNB and Tron (TRX) on Wednesday. This is attributed to recent comments from Bloomberg’s Chief ETF Analyst Eric Balchunas suggested that the SEC may be nearing decisions on 72 altcoin ETF applications—most notably for XRP, Litecoin (LTC), and Solana (SOL).

Markets now pricing in 30% SOL ETF approval odds 

Betting activity on decentralized prediction market Polymarket indicates that crypto investors have priced in a 32% chance of ETF approval for key altcoins. This reflects a 10% increase following the official swearing-in of Paul Atkins—known for his pro-crypto stance—as the new SEC Chair under the Trump administration.

Atkins’ appointment has heightened expectations that the regulatory body will pivot toward a more friendly stance on altcoin etfs in reviews, especially those with established market depth like XRP.

However, the current market structure also carries risks. With such high expectations, traders should be cautious of potential “sell-the-news” dynamics. Strategic investors may seek to offload positions upon official ETF approval, dumping on retail buyers.

Analyst Oscar Ramos $5 prediction remains in play

Technical analyst Oscar Ramos reaffirmed his long-term bullish outlook on XRP earlier this month, predicting the token could reach $5 by the end of 2025. In a video published on April 9, Ramos outlined an Elliott Wave scenario in which XRP completes a long-term bullish breakout, driven by institutional flows and regulatory clarity.

Since Ramos’ prediction, XRP has surged 33% from $1.72 to $2.25, reinforcing confidence in his medium-term thesis. The rally has coincided with heightened interest from ETF speculators and broader anticipation of increased altcoin legitimacy under the new SEC regime.

Should the ETF verdict fall in XRP’s favor and institutional allocations materialize, Ramos’ $5 target could shift from speculative to structurally plausible. However, any delays or unfavorable rulings would likely delay that timeline, reinforcing the caution as market trends remain volatile.

XRP Price Forecast Today: Resistance Retest Eyes $2.30, But Bull Trap Risks Linger

XRP price continues to trade within a cautiously bullish structure after gaining over 33% in the last two weeks, closing Wednesday at $2.2257. Price action on the daily chart suggests a breakout attempt from a tight consolidation range that held since April 10, with XRP briefly testing the upper Donchian Channel band at $2.3010. This level marks immediate resistance, and a daily close above it could validate bullish continuation toward the $2.50 zone.

The 14-day rally, measured from the recent $1.72 swing low, occurred on increasing volume (2.57B) and signals solid market participation, a key condition for sustainable upward momentum.

The RSI-based oscillator (RSiOMA) shows a strengthening trend, with the green RSI line crossing above its moving average and holding near 49, suggesting buyers remain in control, though not yet in overbought territory.

However, failure to breach the $2.30 resistance could expose XRP to a pullback toward the $1.95 midpoint support.

A decisive rejection here may fuel a short-term correction, particularly if broader market sentiment falters or traders sell the news following ETF verdict speculation. For now, the structure leans bullish with an eye on $2.30 as a make-or-break level.

The post Ripple (XRP) Price Forecast: Oscar Ramos Says XRP to hit $5 as SEC Nears Verdict on 72 Altcoin ETFs appeared first on CoinGape.

The post WIF, BONK & FLOKI Prices Attract Massive Gains—Has the Memecoin Mania Begun? appeared first on Coinpedia Fintech News

The memecoins have begun to rise as Bitcoin displays massive stability after the recent upswing. The bears failed to drag the levels lower, which suggests the markets could have probably risen despite the bearish influence. As a result, prices of dogwifhat (WIF), FLOKI & Bonk have managed to attract massive gains. Here’s why a memecoin mania appears to be imminent before a potential AltSeason. 

dogwifhat (WIF) Price Aims for 80% Recovery

• The weekly chart of WIF price suggests the memecoin has begun with a recovery after undergoing a correction 

• The price dropped below the neckline of the double-top pattern after facing a rejection, a couple of times from the ATH

• The RSI has triggered a bullish divergence, which suggests the price is in between a strong recovery 

• However, the weekly Gaussian channel has turned bearish which raises concerns over the next price action

• Therefore, the WIF price is required to secure $0.8 before the weekend which may invalidate bearish trajectory and a potential push towards $1

FLOKI Price Could Reach $0.0001 

• The FLOKI price has risen above the bearish captivity as the recent rise has helped the token to break the bearish pattern

• After breaking above the resistance of the descending parallel channel, the FLOKI price maintained a strong upswing and rose above the pivotal range at $0.00006858

• As the volume rises, the CMF also surged above 0 with a steep increase to 0.12, indicating a massive rise in the money flow

• However, the token is yet to validate a breakout that could happen once the price closes and begins the fresh day’s trade above $0.00007

• Once done, the FLOKI price is believed to squash a zero from its’  value and reach the pivotal range at around $0.00011. 

Bonk Price at a Decisive Phase-May Trigger a 25% Rise

• The BONK price has reached the neckline of the double bottom pattern and is experiencing a notable pullback

• The RSI has maintained an incremental approach, which suggests the rising strength of the bulls 

• On the other hand, the Ichimoku cloud has just turned bullish as the price has risen above the cloud, and hence the cloud could act as a strong support

• Hence, if the BONK price sustains within the range, a breakout could push the price towards the resistance just below $0.00002, which is weak, resulting in a pullback

• Therefore, the BONK price is believed to maintain a consolidated ascending trend and rise above the resistance to enter the range between $0.000025 and $0.000026

The post WIF, BONK & FLOKI Prices Attract Massive Gains—Has the Memecoin Mania Begun? appeared first on Coinpedia Fintech News
The memecoins have begun to rise as Bitcoin displays massive stability after the recent upswing. The bears failed to drag the levels lower, which suggests the markets could have probably risen despite the bearish influence. As a result, prices of dogwifhat (WIF), FLOKI & Bonk have managed to attract massive gains. Here’s why a memecoin …

The post Whales Turn Active After Ethereum’s Strong Recovery: What’s Next for ETH Price? appeared first on Coinpedia Fintech News

Ethereum’s price has jumped after being stuck in a slump for several weeks, helping it in gaining some market dominance after hitting record lows. The crypto market started to bounce back after U.S. Treasury Secretary Scott Bessent reportedly said in a private meeting that the trade tensions between the U.S. and China can’t last much longer. As ETH began to recover strongly, whales started getting more active, which could lead to increased price swings ahead.

Ethereum’s Open Interest Jumps Over 12%

Ethereum has seen a strong upward rally in the past few hours, gaining over 10% in just 24 hours. This sudden spike has also caused a noticeable rise in several on-chain metrics.

According to data from Coinglass, around $127 million worth of Ethereum positions were liquidated in the last 24 hours. Of that, buyers lost about $34.2 million, while sellers were hit harder, closing out $92.8 million in short positions.

This price surge followed comments from former President Trump, who said U.S. tariffs on Chinese goods “will come down substantially,” and Treasury Secretary Scott Bessent, who described the ongoing U.S.-China trade dispute as “unsustainable”, both hinting that a resolution might be coming soon.

The bullish momentum has also influenced Ethereum’s derivatives market. Open interest (the total value of outstanding derivative contracts) jumped by 12%, reaching over $21.5 billion. It signals rising investor interest and adds hope to the recovery rally.

Also read: ETH Breaks $1,800: Why Ethereum Price is Up Today?

In addition, funding rates for ETH perpetual futures have turned positive, rising from 0.0018% on April 21 to 0.0087%, which suggests that traders are more willing to bet on price increases.

Ethereum’s market dominance has also gone up. On April 22, it dropped to just 7%, the lowest level since September 2019, according to TradingView. But after the recent price jump, its market share bounced back and climbed above 7.5% by April 23. Additionally, the large transaction volume jumped by almost 400%, touching 4.64 million ETH.

Altogether, the rising open interest and positive funding rates show that more money is flowing into the market, increasing buying pressure and possibly holding prices even higher.

What’s Next for ETH Price?

Ether (ETH) has recovered after dropping to around $1,500, and sellers are having a hard time pushing it any lower. Buyers have stepped in and pushed the price past some important short-term resistance levels. Now, ETH is aiming to stay above the $1,850 mark. Currently, it’s trading at about $1,816, which is over an 11% gain in the last 24 hours.

The technical indicators are also looking good for buyers: the moving averages are trending upward, and the RSI (Relative Strength Index) shows positive momentum. If ETH can stay above $1,850, there’s a good chance it could make a move toward $2,000 soon. If that happens, it might even break past a bigger resistance zone around $2,500.

However, if sellers want to take back control, they’ll need to push the price below the 20-day moving average (EMA20). If that level is broken, the price could fall to around $1,385, which is a key support zone. Dropping below that might signal a short-term shift in favor of the bears.

The post Whales Turn Active After Ethereum’s Strong Recovery: What’s Next for ETH Price? appeared first on Coinpedia Fintech News
Ethereum’s price has jumped after being stuck in a slump for several weeks, helping it in gaining some market dominance after hitting record lows. The crypto market started to bounce back after U.S. Treasury Secretary Scott Bessent reportedly said in a private meeting that the trade tensions between the U.S. and China can’t last much …