XRP Valuation Tumbles Below $130B amid Ripple’s Surprise $5B Bid to Buy Circle (USDC)

Will XRP Price Soar After May 1 and June 9? Here’s What to Expect

XRP price drops 2.6% to hit $2.2 on Thursday as Ripple’s $5 billion rejected offer to acquire Circle coincides with bearish ETF-related sentiment.

Ripple (XRP) sinks as SEC delays altcoin ETF decisions

XRP extended its weekly losses on Thursday, falling 2.6% to under $2.20 as major altcoins suffered considerable losses.

The drawdown came after the U.S. Securities and Exchange Commission (SEC) announced it would postpone decisions on all seven pending spot altcoin ETF applications.

The delay triggered immediate bearish sentiment across the crypto market, with Dogecoin (DOGE), Avalanche (AVAX), and Solana (SOL) also registering intraday losses of roughly 3%, according to Coingecko data

XRP Price Action, May 1 | Source: Coingecko
XRP Price Action, May 1 | Source: Coingecko

The synchronized pullback among altcoins highlights investor unease, particularly around assets with ETF filings currently under SEC review. While Bitcoin and Ethereum remained relatively stable, market data showed a distinct wave of outflows from tokens viewed as ETF contenders.

As seen above the 2.6% Ripple price dip saw its market capitalization slip below the $130 billion mark, wiping out short-term gains from late April. As regulatory uncertainty persists, risk-averse traders appear to be reducing exposure to altcoins vulnerable to SEC oversight.

Ripple’s failed $5B Circle offer deepens investor anxiety

Adding to the day’s market headwinds, Bloomberg reported on Wednesday that Ripple had made an unsolicited acquisition offer of between $4 billion and $5 billion to buy stablecoin issuer Circle. The bid was reportedly rejected as undervalued.

According to anonymous sources cited in the report, Circle—which issues the U.S. dollar-pegged stablecoin USDC—declined the proposal, stating the valuation did not reflect its current growth trajectory and IPO ambitions.

The disclosure of Ripple’s acquisition interest came just weeks after Circle filed a fresh prospectus for an initial public offering.

Circle, valued at $9 billion in a 2022 SPAC deal attempt, is the issuer of the world’s second-largest stablecoin and a key rival to Ripple’s newly launched RLUSD token.

Ripple, which has been expanding its presence in blockchain payments and stablecoin markets, has remained publicly quiet about the deal, with CEO Brad Garlinghouse previously indicating that future acquisitions were “on the table.”

As Circle pushes ahead with its IPO plans and market valuation, Ripple’s attempt to acquire a major player signals strategic urgency—but also hints at friction in executing that strategy. With altcoin sentiment already rattled by regulatory delays, the timing of Ripple’s bid and its rejection amplified downside pressure on XRP price action in the days ahead.

XRP Price Forecast Today: Bulls Eye $2.35 as Support Holds Above 50-Day SMA

XRP price forecast today leans moderately bullish following a resilient bounce from the $2.19 intraday low, suggesting buyers are defending the short-term trend.

The daily candle closed at $2.2199, up 1.33%, holding above the 50-day simple moving average (SMA) at $2.1914. This level now acts as immediate support, helping anchor bullish sentiment.

The RSI reading of 53.83 indicates a slight positive bias, reinforced by the RSI moving average at 53.00, with the gap between them subtly widening, often a precursor to major breakout

XRP Price Forecast Today
XRP Price Forecast Today

Volume remains moderate at 6.73 million, hinting at cautious accumulation rather than breakout conviction. Price has remained supported above the ascending trendline drawn from early April lows, while the 200-day SMA overhead at $2.39 continues to cap upside potential. A clean break and close above $2.25 could trigger follow-through momentum toward $2.35. However, failure to reclaim this resistance in coming sessions may expose XRP to a pullback toward $2.10. Still, the preservation of higher lows suggests the broader structure remains intact and tilts the bias slightly in favor of the bulls.

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Ethereum Price Forecast: $42B Derivatives Volumes Signal $2,000 Rally after Ethereum Foundation Replaces CEO

ETH Price: Vitalik Buterin Take on Ethereum Foundation Vision

Ethereum price rebounded above $1,800 on Thursday as traders react positively to leadership shake-up at the Ethereum Foundation and capital rotation out from altcoin exposed to SEC oversight risks.

Ethereum (ETH) Retakes $1,800 amid Altcoin ETF Jitters

Ethereum (ETH) surged past $1,800 on Tuesday, recovering from recent losses triggered by broader altcoin uncertainty after the SEC delayed decisions on multiple ETF applications.

Ethereum price action
Ethereum price action

While Bitcoin remained range-bound below $96,000, the ETH price breakout above $1,815 stood out.

Despite regulatory headwinds, ETH posted a modest 2.1% gain, supported by strong trading volume and improving investor sentiment following a governance update at the Ethereum Foundation.

Market Reacts Positively to Leadership Shuffle at Ethereum Foundation

In a surprise announcement Tuesday, the Ethereum Foundation appointed Hsiao-Wei Wang and Tomasz K. Stańczak as new co-executive directors, replacing the previous CEO structure. The move was part of a broader organizational shift to improve decision-making and project execution within Ethereum’s core ecosystem.

Under the new structure, the board will act as a “security council” guiding Ethereum’s strategic vision, while day-to-day governance will be managed by the co-directors. The board will include key figures such as Ethereum co-founder Vitalik Buterin, foundation president Aya Miyaguchi, and legal advisor Patrick Storchenegger.

Hsiao-Wei Wang, a core researcher and Ethereum developer, will also serve as the liaison between the board and management, solidifying communication across leadership layers. The foundation outlined three key focus areas for the next 12 months: scaling Layer 1, optimizing blob handling at Layer 2, and enhancing user experience.

The shake-up was viewed favorably by the market, with many seeing it as a sign of maturity and adaptability.

Ethereum Derivatives Point to Bullish Momentum Toward $2,000

Coinglass‘ derivatives market reflects growing optimism among traders after the leadership shuffle at Ethereum Foundation. The 24-hour long/short ratio stood at 0.9912, indicating near-equal positioning, but top trader data paints a different picture. On Binance, the top trader long/short ratio (by accounts) is 2.6778, while positions data shows 1.9521, suggesting whales are leaning long.

Ethereum Derivatives Data Analysis | Coinglass
Ethereum Derivatives Data Analysis | Coinglass

Additionally, options volume rose by 3.75% to $435.21 million, with open interest climbing to $4.08 billion, up 1.50%. The increasing options activity indicates traders are hedging for volatility, with a bias toward upside price moves.

Liquidation data over 24 hours showed $69.56 million in rekt positions, with long liquidations at $49.78 million and shorts at $19.78 million, highlighting a more aggressive attempt to chase further price gains.

Ethereum Price Forecast Today: ETH Eyes $1,900 Amid Bollinger Band Expansion

Ethereum price forecast signals show ETH holding steady above $1,800, currently trading at $1,812 after a 1.03% daily gain. The price is pressing against the upper Bollinger Band at $1,892.79, hinting at a potential breakout if bullish momentum continues.

Volume remains modest, but the structure reflects a sustained recovery since the April 13 low.

Ethereum price forecast
Ethereum price forecast

Notably, Ethereum has reclaimed the 20-day moving average and is holding just above the midline of the Bollinger Bands, indicating improved market confidence.

The BBP (Bollinger Band Percent B) sits at 96.82, suggesting ETH is nearing overbought territory, but not decisively so.

This level often precedes short-term consolidation before fresh upside or pullbacks.

 Ethereum position above the 20-day moving average and proximity to the upper band reflects a well-structured bullish setup.

However, resistance at $1,892 must be decisively cleared to open room toward $2,000.  A failure to do so could return ETH to the $1,695 support zone, marked by the lower band.

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US Reaches Out to China as Donald Trump Seeks Tariff Negotiations: Report

US Reaches Out to China as Donald Trump Seeks Tariff Negotiations: Report

The United States through US President Donald Trump has contacted China through several diplomatic channels in an effort to begin tariff negotiations, according to a report from Chinese state-affiliated media. The outreach signals a new attempt by the US administration to reopen trade discussions amid ongoing economic challenges and strained relations.

Multiple US Efforts to Initiate Contact with China

According to Yuyuantantian, a Weibo account linked to China Central Television (CCTV), the United States has reached out to China in recent weeks. The account cited unnamed sources familiar with the matter but did not provide detailed information on the nature of the communications or the officials involved.

The report suggests that the US President Donald Trump has used multiple communication lines to initiate talks over the wide-ranging tariffs it previously imposed on Chinese goods.

These tariffs have remained a central issue in the ongoing trade dispute between the two nations. Officials in Washington have not yet confirmed the details of the reported outreach, but related statements from US leaders suggest active interest in restarting discussions.

Donald Trump Administration Signals Desire for Talks

President Donald Trump has not stopped stressing the need to work with China on trade. While discussing it at the Cabinet meeting, Trump mentioned some figures suggesting that cargo turnover between the two countries declined recently. He opined that this could force Beijing to come to the negotiating table.

During the meeting, the president asserted, “We want China to do well, but we also want to be treated fairly.” He also stated that he would like to directly address Chinese President Xi Jinping in the future but did not state when this is likely to happen.

On Tuesday, US Treasury Secretary Scott Bessent said that Beijing needs to make the first move to de-escalate the tensions in the trade field. He said this in response to Trump’s remark that if China wants peace, then it has to turn to the US to make the first move.

Chinese Media Describes US as the Eager Party

In its report, Yuyuantantian noted that China sees the United States as the more eager party at the moment. The post stated that China will continue to observe developments and wait for the US to show “meaningful measures” before entering formal discussions.

The report also referred to economic and political pressure facing the Trump administration, including the recent contraction of the US economy. Government data confirmed that the economy shrank during the first quarter of the year, marking the first decline since 2022. Economists believe that slowing consumer demand and a sharp increase in imports before new tariffs were implemented contributed to the downturn.

Chinese analysts cited by local media stated that Beijing does not currently feel the need to respond unless there is evidence of real change in US policy. These comments suggest that any new dialogue will depend on clear moves by Donald Trump.

Economic Pressure Builds in Washington

According to the most recent statistics, consumer spending in the US has gone down and trade is also experiencing a slump. This has stirred some uneasiness and maybe contributing to this revived effort towards negotiation with the Chinese. If this easing remains, analysts predict a massive recovery in the crypto market due to positive sentiment among traders.

The White House is also trying to implement new approaches for the regulation of trade. One of the recommendations is the utilization of funds from the tariffs to purchase digital currencies like Bitcoin. However, being still in the discussion stage this plan has drawn attention among the market analysts and policy makers

At present, there is no confirmed meeting scheduled between US and Chinese officials. However, both sides appear to be watching each other closely, as the global trade environment remains uncertain.

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XRP Price Prediction For May 1

The post XRP Price Prediction For May 1 appeared first on Coinpedia Fintech News

XRP remains within a familiar range on the higher time frame, trading just above the 38.2% Fibonacci retracement level—a technical area often associated with wave 4 corrections in Elliott Wave theory. At the time of writing, XRP is down by more than 2% and is trading at $2.20.

Wave Structure and Support Levels

The ongoing pullback is interpreted as part of a larger wave 4 correction. From this zone, a further upward move is possible, with chances for XRP to form another higher high. However, a deeper retracement cannot be excluded. In the event of another leg down, support between $1.22 and $1.34 would become the next area to watch.

The $1.21 level remains pivotal. A break below this point would significantly weaken the bullish case, suggesting a shift toward a more bearish outlook. 

Bullish Prospects and Price Targets

As long as XRP holds above the current upper support levels, the potential for an upward breakout remains on the table. Possible targets in this scenario include $5.00, $5.65, and even $6.60. While speculative discussions have pointed to the possibility of XRP reaching $10 or more, such projections are considered low-probability outliers without clear structural support at this stage. Any extended fifth wave would be unusual and would require strong confirmation.

Short-Term Outlook

XRP has undergone a retracement, with the current price structure appearing unclear and choppy. The recent move up may represent the beginning of a diagonal pattern, following a possible wave 4 low in April.

A minor B-wave correction around April 20 was shallow and may not provide enough structure to confirm the next leg upward. Currently, the price has recovered to approximately $2.16, after briefly dipping below weaker Fibonacci-based support. The more important level to monitor in the short term is $2.12. As long as this level holds, the chances remain for a continuation of the bullish pattern. A break below $2.12 could lead to a reset of the current wave count and signal a larger flat correction.

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XRP remains within a familiar range on the higher time frame, trading just above the 38.2% Fibonacci retracement level—a technical area often associated with wave 4 corrections in Elliott Wave theory. At the time of writing, XRP is down by more than 2% and is trading at $2.20. Wave Structure and Support Levels The ongoing …

Pi Coin Price Prediction: Is $1.70 Coming After 7% Rise?

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The global cryptocurrency market cap stands at $3.07 trillion, down 1% over the past 24 hours. Bitcoin (BTC) is holding steady near $94,880, while altcoins like LTC, XRP, AVAX, and LINK have recorded losses.

As for Pi Coin, the altcoin has struggled since peaking near $3 in February, with its price action remaining largely bearish. Pi Coin has recorded a 12% monthly decline despite a few short-lived rebounds. 

Will Pi Coin Price Rise in May?

However, as May approaches, there are signs that Pi Coin could be gearing up for a recovery. Pi is currently trading at $0.6249, showing a 7% rise, and with a market cap now over $4 billion. 

While the broader crypto market sentiment shows improvement, Pi’s rise is still being limited by the absence of key catalysts, such as major exchange listings or significant mainnet upgrades. evel. 

On the technical front, the RSI has steadily improved from its April lows, showing growing accumulation, although at a slower pace. Overall, traders appear cautiously optimistic about Pi Coin’s future, given its historic volatility and the relatively low liquidity on exchanges. Additionally, 7.8 million Pi tokens are set to be unlocked today, which could impact the price. 

Is $1.70 Incoming?

Despite all these challenges, analysts like Dr. Altcoin believe that Pi Coin’s price could rise to $1.70 by mid-May. The expected price increase is based on upcoming events, particularly the Consensus Summit scheduled for May 14–16, where Dr. Nicholas Kokkalis, the founder of Pi Network, is expected to give a speech. 

Analyst Andrew Griffiths shared that Pi Coin is currently stuck between the bulls and bears around the 0.6 level. If the trend continues upwards and breaks above 0.75-0.78, it could reach 1. However, if the price drops below 0.55, it could signal a bearish trend, possibly heading towards 0.288.

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The global cryptocurrency market cap stands at $3.07 trillion, down 1% over the past 24 hours. Bitcoin (BTC) is holding steady near $94,880, while altcoins like LTC, XRP, AVAX, and LINK have recorded losses. As for Pi Coin, the altcoin has struggled since peaking near $3 in February, with its price action remaining largely bearish. …

World Expands “Proof of Human” Identity Network to US

Cryptocurrency project World announced Wednesday it will launch its services in the United States starting tomorrow, bringing its biometric identity verification system to the country where it began.

The announcement came during the company’s “World At Last” event in San Francisco, where co-founder Sam Altman and CEO Alex Blania outlined the expansion of what they called “the largest human-centered identity and financial network.”

Biometric Verification Across America

Americans will be able to verify their “World ID” beginning in six cities — Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco. The company plans to deploy 7,500 of its eye-scanning “Orb” devices across the U.S. by year’s end, quadrupling its current global deployment.

“America should lead innovation, not fight it off,” Altman said during the event. The company, founded near San Francisco’s South Park neighborhood, had previously operated in over 160 countries but not in the U.S.

World co-founder Sam Altman and CEO Alex Blania announce the company’s U.S. launch during their ‘World At Last’ event in San Francisco on April 30, 2025.

World also announced a partnership with Visa to launch a payment card that will connect to users’ World App wallets, enabling them to spend digital assets at over 150 million merchants worldwide. The World Card will offer rewards for AI-related purchases, with rewards paid directly in WLD tokens to users’ connected wallets. The card is expected to become available to U.S. users later this year.

Financial Integrations and Partnerships

In a separate financial development, the company revealed an integration with Circle to bring USDC stablecoin natively to the World Chain blockchain. The partnership will convert all existing bridged USDC held on World Chain to native USDC, which is backed by cash and cash-equivalent assets. The integration also introduces Circle’s Cross-Chain Transfer Protocol V2 (CCTP V2) to enable faster, more cost-effective transfers across supported chains.

Other announcements included partnerships with Match Group to pilot World ID as an age verification solution for Tinder in Japan, and with Razer to implement “proof of human” verification in gaming to combat bots. The company also unveiled a DeFi lending platform called Morpho Mini App and a prediction market platform with Kalshi.

Rich Heley, who presented the Orb hardware update, announced that World will open its own assembly line in Richardson, Texas, with a U.S. manufacturer to produce Orbs not just for the American market but to help with global scale. The company also revealed plans for a miniature version of the Orb, called “Orb Mini,” that will allow for more distributed verification.

“Rich Heley, Chief Device Officer of World, showcases the new portable ‘Orb Mini’ device during World’s event “At Last” in California on April 30, 2025.

World, previously known as Worldcoin, has faced controversy over its biometric data collection practices in some countries. The company emphasizes that its verification system is designed to be privacy-preserving, with personal data remaining exclusively on users’ devices through what it calls “Personal Custody.”

The service currently has over 26 million users worldwide, with 12 million biometrically verified through its Orb scanning technology, according to company figures shared at the event.

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Crypto Market Today: Top Trends Driving BTC, ETH, XRP & DOGE Prices

Crypto Market Today: Top Trends Driving BTC, ETH, XRP & DOGE Prices

The crypto market is seeing notable fluctuations as various factors influence the prices of major assets like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE). As of late April, new trends are emerging that have shifted the focus of traders and investors. These factors are affecting market sentiment and shaping expectations moving into May.

Donald Trump and Eric Trump Comments Impact

Accoding to Santiment, the discussions surrounding U.S. politics are having an impact on the crypto market, particularly with recent comments from President Donald Trump and his son, Eric Trump. Eric Trump recently emphasized the importance of cryptocurrencies, urging banks to adopt digital currencies or risk facing extinction.

He specifically pointed out Bitcoin as a solution to the current financial system’s flaws. His statements align with broader concerns over the financial infrastructure, and they have fueled conversations about the potential role of cryptocurrencies in the future.

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President Donald Trump’s economic views, particularly his stance on tariffs, are also drawing attention. He has continued to advocate for high tariffs on foreign imports, a position that has led some to link his policies to broader economic challenges. However, the U.S. has taken the initiative to reach out to China through multiple channels in an attempt to open discussions regarding tariffs.

Investors have noted that his remarks about the stock market and the economy are often intertwined with his views on crypto. As a result, these political developments are contributing to ongoing market volatility, with some traders seeing them as signals of uncertainty that could influence both traditional and digital assets.

U.S. GDP and Economic Data Affecting Crypto Markets

Recent economic data have also influenced the development of the crypto market. The first quarter results showed that the GDP of the US went into the negative territory for the first time in the next three years with a contraction of 0.3%. This has led to fears of a recession in the United States and slow economic growth in the country. The negative figure in GDP has however influenced market sentiment and many investors have had to adjust their positions in their portfolios.

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Furthermore, the continued inflationary pressure remains a topic of concern. The Personal Consumption Expenditure (PCE) index for March showed a year-over-year inflation rate of 2.3%, slightly above the Federal Reserve’s 2% target.

This has left investors uneasy especially with regard to the Federal Reserve policy meeting that is due on May 7. Since there are rumors of a possible recession, traders are managing their investment portfolios, and some of them are seeking haven in cryptocurrencies, especially Bitcoin since some consider the crypto as a safe-haven.

TOKEN2049 and Crypto Developments in Dubai

The TOKEN2049 event in Dubai has brought attention to the region’s growing role in the global crypto space. The conference has had more than fifteen thousand participants including the best leaders in the field of blockchain and cryptocurrency. At TOKEN2049, many concerns have been raised concerning the future of the crypto market with individuals sharing their opinions on what could be next in the market.

Dubai’s growing significance in the crypto world is also evident in developments like the Trump Tower Dubai accepting cryptocurrency payments for luxury apartments.

These movements point to the fact that digital currencies have gradually been adopted in the global system of finance. This event and similar news brought more attention towards the region and Middle East as the potential hub for cryptocurrency, and investors are paying great attention to such possibilities as they impact the market.

Bitcoin and Altcoin Market Movements

Bitcoin has seen a strong rally over the past week, rising to the $94,000 to $96,000 range, only to experience a pullback in the last 24 hours. As Bitcoin’s price began to stabilize, traders shifted their attention to altcoins, resulting in a market-wide surge of over 10% in the past week.

Despite Bitcoin’s dominant position in the crypto market, altcoins like XRP, Ethereum, and meme coins like Dogecoin have seen increased trading volume as investors search for higher-risk, higher-reward opportunities. Ethereum price has followed the BTC price trend with ETH trading at $1,800, a 0.3% dip with bulls holding on despite the turbulance in the crypto market.

At press time, XRP price was trading at $2.20, a 4% decline from the intra-day high of $2.30 boosted by the postponing of an XRP ETF approval decision by the US SEC. Dogecoin price, due to a similar reason of DOGE ETF postponing and has  as a result witnessed a 3% decline to $0.1730.

Meme coins, in particular, have seen a spike in discussion and interest as their prices rise. This has been a characteristic pattern, as retail investors often turn to these assets during bull markets, driven by the potential for quick gains. However, many traders have been cautious, recalling the losses from the previous bear market cycle.

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North Carolina Approves Bill to Create Strategic Bitcoin Reserve Fund

North Carolina Approves Bill to Create Strategic Bitcoin Reserve Fund

The North Carolina House of Representatives has passed a bill that opens the door for the state to invest in Bitcoin and other cryptocurrencies. House Bill 92, known as the Strategic Bitcoin Reserve bill, was approved on April 30.

This move is part of a broader trend across the United States where states are exploring the integration of digital assets into their financial strategies.

Introduction of the Strategic Bitcoin Reserve Bill

House Bill 92 allows the state to create a digital asset reserve, primarily focusing on Bitcoin. The bill was led by House Speaker Destin Hall, who has advocated for adopting more progressive investment strategies for the state.

Under the new legislation, the state wound to get authority to allocate a portion of its funds into Bitcoin, reflecting the growing interest in digital currencies.

The bill aims to establish a strategic reserve fund that could potentially diversify the state’s financial portfolio. If fully implemented, the reserve would offer North Carolina an opportunity to tap into an emerging asset class. State officials believe this could provide a hedge against inflation and enhance long-term investment returns.

Limitations on Cryptocurrency Investments

The bill rules out the direct buying of the crypto but allows the state to invest in funds that deal with these tokens like the Bitcoin mutual funds. This provision seeks to address one of the major concerns of critics of the crypto market which has been its volatility.

Conversely, the proponents of the bill, especially Rep. Keith Kidwell, argued on the need to diversify investments.

“In the same way that a good investment broker would do for you, we need to spread the allocation around,” he said.

The bill would also offer the state and its employees freedom to invest a portion of the pension funds in cryptocurrencies.

Reactions from Lawmakers and Stakeholders

The passing of the House Bill 92 was not received well by some lawmakers. Advocates of the idea of Bitcoin adoption have pointed out that it would bring growth to the state’s budget. They argue that the state should adopt innovative technologies and trends in financial systems to become competitive within the global markets.

However, there are concerns about the volatility of Bitcoin price and other digital currencies. Rep. Maria Cervania, a Democrat from Wake County, expressed caution regarding the state’s commitment to cryptocurrencies.

“I still have a lot of questions about this investment strategy and the level of commitment we’re making to it,” she stated.

While some members of the State Employees Association of North Carolina have voiced opposition, Governor Josh Stein has expressed support for the bill. He additionally believes that allowing the state treasurer more control over investments is a positive step with analyst like Arthur Hayes projecting BTC price rally to ATH.

New States Riding the Bitcoin Reserve Wave

Many states within the United States are currently moving toward adopting such a stand as North Carolina has recently done. Arizona, in the United States, is all set to become the first state to start its own Bitcoin reserve system. Arizona state enacted various bills into law, allowing up to 10% of public funds to be spent on Bitcoin and other digital assets.

Other than the state, the individual cities like Roswell, New Mexico are also shifting on the management of Bitcoin in their reserves. This month, Roswell became the first city in the United States to make Bitcoin an official reserve currency, indicating that interest in digital currencies among local governments is continuing to expand.

Despite the bill passing, the North Carolina House of Representatives still awaits Senate approval for final clearance. Moreover, the state’s pension system, which has been almost $16 billion in the red, will likely become one of the leading issues to watch with regard to these alterations.

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What’s Next for Bitcoin Price as BlackRock Moves to Launch $150B Fund?

Bitcoin Reserve News: Roswell Becomes First US City to Hold BTC as a Reserve Asset

Bitcoin price forecast  on Thursday May 1 reflects cautious optimism as BTC fails  $96,000 breakout out test for the third day running.

Bitcoin stalls at $95,500 as resistance holds for third day

Bitcoin (BTC) faced firm resistance at the $96,000 mark on Wednesday, halting its short-term rally and confirming a sell-wall at $95,500 for the third consecutive session. The asset continues to oscillate near its all-time highs but has struggled to post a decisive breakout this week.

Market participants have been eyeing a sustained move above $96,000 as a trigger for renewed bullish momentum, but waning volume and macroeconomic caution have weighed down BTC price action.

Bitcoin price action | Coingecko
Bitcoin price action | Coingecko

As of Wednesday’s close, BTC had posted a modest 0.4% gain over 24 hours and was up 0.7% on the week, according to CoinGecko. The global cryptocurrency market cap held at $3.04 trillion, reflecting a 2.8% daily gain, but much of the momentum remains concentrated in Bitcoin and Ethereum.

BTC dominance stands near 62%, as altcoins lag after the US SEC delayed verdicts on ETF filings till June.

BlackRock moves to tokenize $150B Treasury Fund via blockchain infrastructure

BlackRock has filed with the U.S. Securities and Exchange Commission (SEC) to create a blockchain-enabled digital share class for its $150 billion Institutional U.S. Treasury Money Market Fund. The new share class, named DLT Shares, aims to implement blockchain technology for recordkeeping and real-time ownership tracking on a distributed ledger.

BlackRock launched $150B Money Market Fund | April 28, 2025 | Source: SEC.gov
BlackRock launched $150B Money Market Fund | April 28, 2025 | Source: SEC.gov

According to the filing, the fund will not use blockchain for managing portfolios or holding cryptocurrencies. Instead, DLT Shares will be structured to mirror existing shares while utilizing blockchain to improve settlement transparency and reduce administrative friction. The offering will be limited to institutional investors, with a minimum investment threshold set at $3 million.

BNY Mellon has been named as the primary infrastructure partner, responsible for integrating and maintaining the blockchain-based recordkeeping system. This development marks a significant step in the financial industry’s incremental adoption of blockchain—not through digital assets, but through tokenized infrastructure that supports legacy systems.

Although the product does not involve crypto exposure, its implications for market sentiment are far-reaching. Institutional adoption of blockchain-enabled infrastructure could legitimize the broader crypto ecosystem, offering tailwinds to assets like Bitcoin through narrative alignment and technological validation.

Looking Ahead: How will Blackrock’s $150B fund impact BTC price

The short-term outlook for Bitcoin remains cautiously optimistic, contingent on a clean break above the $96,000 resistance. BlackRock’s move to incorporate blockchain in one of its largest funds is likely to resonate positively among institutional investors and digital asset stakeholders—even in the absence of direct crypto exposure.

If BTC maintains support above $94,000 and manages a high-volume breakout past $96,000, the $100,000 target could come into play in the coming weeks. In the absence of major macroeconomic shocks or regulatory headwinds, blockchain adoption by traditional finance giants like BlackRock may provide a subtle but powerful bullish undertone.

Bitcoin price forecast today: Bulls eye breakout above $96K as RSI overheats, KC bands widen

Bitcoin price traded at $94,280 at press time after printing a narrow-bodied candle, extending its consolidation just below the $95,500 resistance. Price action over the past five sessions reveals a firm ceiling just under $96,000, where sell-side pressure continues to reject upside attempts.

Notably, Bitcoin remains within the upper range of the Keltner Channel bands, with the upper envelope at $95,414 now acting as the immediate upside threshold. A breakout and close above this level could trigger fresh momentum toward the $98,000–$100,000 range.

Bitcoin price forecast  today | Source: TradingView
Bitcoin price forecast  today | Source: TradingView

Bitcoin price forecast today leans bullish, supported by the relative strength index (RSI), which prints at 88.35—firmly in overbought territory. Historically, an RSI above 85 reflects sustained buying interest rather than an imminent reversal, especially when accompanied by stable or rising volumes, as seen here. The RSI moving average (RSI MA) below at 76.60 offers a lagging but firm bullish signal. Volume, while modest at 185 BTC, has been consistent, showing no signs of a selloff panic.

If Bitcoin price rejects the $95,400 upper KC band again, a corrective pullback to the $90,500 midline could be on the cards.

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Worldcoin Price Forecast: Can WLD Price Regain $2 In April?

Why Worldcoin (WLD) Price is Surging? Will it Achieve a 30% Rise This Week?

The post Worldcoin Price Forecast: Can WLD Price Regain $2 In April? appeared first on Coinpedia Fintech News

  • Coinbase announced plans to list WLD coins on the Optimism network soon.
  • WLD price has already broken out of a daily falling logarithmic trend amid rising demand for altcoins.

Worldcoin (WLD) was one of the best-performing altcoins in the past two weeks, as Bitcoin (BTC) ‘s price rebounded above $93k. The mid-cap altcoin, with a fully diluted valuation of about $11.4 billion and a 24-hour average trading volume of around $323 million, gained more than 63 percent in the last two weeks to trade about $1.14 on Wednesday during the late North American trading session.

The rising demand for altcoins in the past few weeks has seen WLD’s Futures Open Interest surge by more than 2 percent in the last 24 hours to hover around $316 million at the time of this writing.

Midterm Expectations for WLD Price

Since hitting its all-time high of above $10 in March 2024, WLD price has been trapped in a falling trend to date. Moreover, the WLD price, in the weekly timeframe, has formed lower highs and lower lows.

WLD price recently rebounded from the lower border of the falling trend and consequently broke out of a falling logarithmic trendline. The short-term bullish sentiment for WLD is backed by the daily MACD line that recently crossed the zero line for the first time YTD.

Additionally, the daily Relative Strength Index (RSI) surged above the 70 percent level for the first time YTD, thus suggesting that the WLD bulls are in control.

Improving Fundamentals 

The Worldchain project has grown to more than 12 million unique humans and over 26 million users for the World App. The Worldcoin team has already distributed over 1.5k Orbs across over 169 countries around the world.

As a result of the continued growth, the WLD token has attracted significant attention from institutional investors. For instance, Coinbase Global Inc. (NASDAQ: COIN) plans to list WLD coins on the Optimism network in the near future.

The post Worldcoin Price Forecast: Can WLD Price Regain $2 In April? appeared first on Coinpedia Fintech News
Coinbase announced plans to list WLD coins on the Optimism network soon. WLD price has already broken out of a daily falling logarithmic trend amid rising demand for altcoins. Worldcoin (WLD) was one of the best-performing altcoins in the past two weeks, as Bitcoin (BTC) ‘s price rebounded above $93k. The mid-cap altcoin, with a …