Crypto Market Moves On as Trump Pushes Fed to Lower Interest Rates

President Trump has once again called on Fed Chair Jerome Powell to cut interest rates, but the crypto community doesn’t seem interested anymore. Rate cuts seem as unlikely as ever, but the market has new bullish narratives.

Between a US-China trade deal, new investors, and technological advancements, recession fears have apparently left the crypto market.

Trump Keeps Pushing for Rate Cuts

When Trump’s tariffs threatened to disrupt the global economy, the crypto industry pinned its hopes on one bullish narrative: cuts for US interest rates.

The US President repeatedly harangued Jerome Powell, even threatening to fire him before relenting, yet Powell and his allies were firm: this was not happening. Trump has continued asking, appealing to Powell again today:

Throughout these proceedings, the crypto industry repeatedly urged more rate cuts, claiming that the “money printer” would stave off economic collapse.

Trump asked Powell to cut interest rates recently, but the latest FOMC meeting reaffirmed the status quo. How did crypto react to this? So far, it seems like it finally got the memo.

Crypto-affiliated prediction markets like Kalshi have repeatedly posted optimistic odds of Trump’s rate cuts compared to TradFi assessors like the CME Group. For example, the last time Trump made this request, Kalshi predicted that three cuts would happen this year.

At the time, this would have signified a cut at half of the year’s remaining FOMC meetings. In March, Kalshi even expected four! The CME, on the other hand, put over 98% odds on no cuts in May.

Indeed, this scenario is what happened, and Kalshi has since lowered its expectations. It currently anticipates only two cuts for the rest of the year, much more in line with other firms’ predictions.

How Many Interest Rate Cuts in 2025?
How Many Interest Rate Cuts in 2025? Source: Kalshi

What can crypto conclude from this? The community has apparently internalized that Trump can’t force cuts to interest rates. However, things are going well regardless.

A US-China trade deal pushed Bitcoin over $105,000, investors are returning in droves, and technology is advancing. Fear has largely left investors’ calculations. Who needs rate cuts, anyway?

All that is to say, Trump’s proposed interest rate cuts were just one way to potentially boost crypto investment. If Powell spontaneously changed his mind today, it’d be bullish, but as of now, the crypto market is slowly moving away from these macroeconomic drivers.

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SEC Delays More Altcoin ETFs From Grayscale Including Solana and Litecoin

The SEC just postponed two of Grayscale’s ETF applications, specifically those concerning Solana and Litecoin. This latest announcement adds to the Commission’s recent series of decisions to push back several altcoin ETFs from different asset managers.

Several prominent ETF analysts also declined to publicly comment on this delay. In the long run, SEC approval is still very likely, even if it takes a few months to be finalized.

The SEC Keeps Delaying Altcoin ETFs

Since the SEC came under new management under the Trump administration, it’s been hit with a flood of ETF proposals. Although professional analysts and community enthusiasts are bullish about approval odds, it hasn’t happened yet.

Nonetheless, when the Commission postponed Grayscale’s Solana and Litecoin ETF applications, reactions have been muted.

“Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change,” the SEC claimed in its delay filing.

Indeed, the Commission has been postponing several ETF applications over the last few weeks. When the SEC delayed Canary Capital’s Litecoin ETF, this fell in line with analysts’ predictions.

Previously, analysts claimed that a Litecoin ETF is more likely than any other altcoin product, but didn’t comment on today’s events.

The market is also anticipating a Solana ETF, but progress isn’t coming yet. At this point, the market is starting to price in these delays.

Last week, Litecoin rallied after the SEC delayed an ETF filing, defying bearish assumptions. So far, neither of the underlying tokens has seen much of a price move after the Commission’s announcement.

Solana (SOL) Price Performance
Solana (SOL) Price Performance. Source: BeInCrypto

Still, there are plenty of reasons to be bullish about approval in the long term. Less than a week ago, the SEC met with representatives from BlackRock to discuss ETF regulations.

These talks included high-level associates from the world’s largest Bitcoin ETF issuer; the Head and Director of both Digital Assets and Regulatory Affairs were present.

In other words, the SEC is delaying things, but it’s probably going to approve several of these altcoin ETFs in the end. The Commission is seeking industry feedback on long-term implications, but it hasn’t given an outwardly negative sign yet.

Of course, the industry would love speedy SEC approval for all these ETF filings. However, as the recent rate cuts saga clearly indicates, it doesn’t need things like this to maintain profitability.

The crypto market has a lot of solid fundamentals right now, which will benefit these assets, even if the Commission keeps dragging its feet for months.

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Pepe Coin Price Outperforms DOGE and SHIB, Targets 80% Upside Post-Retest

Will 1.08T Accumulation Spree Catalyze Pepe Coin Price Rally

Pepe coin (PEPE) price surged 68% last week as Bitcoin (BTC) price reached $104k, sparking a bullish revival of meme coins. Outperforming top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), the high momentum rally in PEPE recovers more than 50% of the Q1 downfall. As Pepe coin holds above the $0.000010 psychological zone, upbeat investors anticipate a potential 80% rally.  

Pepe Coin Price Hits $0.000015 as Meme Coin Rally Begins 

Raising all boats with Bitcoin reclaiming the $104k level, the meme coin market hits a 30-day high of $76.13 billion. Capitalizing on market momentum, PEPE price surged almost 68% in the last seven days, while DOGE and SHIB remained at 32% and 21%, respectively. 

CoinmarketCap
CoinmarketCap

PEPE Price Analysis Spots Strong Support at $0.00001178

With a 7-day high at $0.00001539, Pepe coin is now trading at $0.00001334 with an intraday pullback of 2.11%. Coupled with the doji candle formed on Monday and increased volatility near $0.00001426, reflects indecisiveness in PEPE as it enters a breather phase. 

Failing to surpass the 61.80% Fibonacci level at $0.00001426, Pepe hints at a potential retest of the 50% level at $0.00001178. Following a potential retest of the 50% level, Pepe’s prevailing triangle breakout rally could regain momentum. This put the triangle breakout price target of $0.00002209 back on bullish radars, an 80% upside from retest level. 

As Pepe coin price holds above the 200-day Exponential Moving Average (EMA), the 50- and 100-day EMAs hint at a bullish crossover. This could trigger a buy signal and increase golden crossover chances. Additionally, the Relative Strength Index witnessed a minor drop within the overbought zone, suggesting a momentum drop. This aligns with PEPE price struggling near the $0.00001426 resistance, bolstering the retest chances. 

In case of a steeper pullback under the 50% Fibonacci level, Pepe coin price prediction forecasts the 200-day EMA retest at $0.00001057. Meanwhile, the $0.0000090 support zone remains a stronghold for the meme coin. 

Pepe Coin Price Chart
Pepe Coin Price Chart

A potential crash below $0.0000090 will negate the triangle breakout rally bounce back chances. Further, it might lead to a $0.0000074 retest. 

Pepe’s Open Interest Hits All-Time High

Pepe coin price surge leads to increased trading activity on the derivatives front. According to Coinglass, the PEPE Open Interest (OI) reached an all-time high of $583 million as traders anticipate sharp moves in the meme coin. 

Pepe Open Interest
Pepe Open Interest

The Pepe OI weighted funding rate has reached a record high in 2025 at 0.0272%, reflecting a rising bullish confidence in trading activity. 

PEPE Funding Rate
PEPE Funding Rate

Rising Liquidations Warn of Retest 

Despite the strong derivatives data, the 12-hour long liquidations spike to nearly $5 million as PEPE fluctuates and fails to cross the immediate resistance. Thus, a potential retest seems imminent amid rising liquidations that could damage the rising OI and funding rate. 

Liquidation Chart
Liquidation Chart

As Pepe’s technical signals suggest a potential retest, a recovery fueled by Bitcoin’s rally will negate the short-term bearish signals. Until then, a retest of 50% Fibonacci seems inevitable, a potential buy-the-dip spot for confident investors.

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XRP Briefly Overtakes Tether to Become 3rd Largest Cryptocurrency

The post XRP Briefly Overtakes Tether to Become 3rd Largest Cryptocurrency appeared first on Coinpedia Fintech News

XRP made headlines in the crypto market after briefly overtaking Tether to become the third-largest cryptocurrency by market value. The price of XRP climbed back above $2.61 for the first time since March 6th, marking a strong recovery for the digital asset. However, at the time of writing, XRP has slipped back to the fourth position.

At the same time, market experts have noticed a positive change in XRP’s price charts. Over the past few months, XRP’s price was affected by a bearish divergence, which kept its growth limited. But in recent days, this pattern seems to have ended. 

The 3-day Relative Strength Index (RSI) for XRP has now moved above its previous levels, suggesting that the coin is gaining strength and could continue moving upwards.

XRP Price Analysis: Signs of a Bullish Breakout

On the daily chart, XRP is trying to break above a key resistance level around $2.45 to $2.46. However, to confirm a breakout, it needs to close a daily candle above this line. If it succeeds and manages to cross above $2.58 to $2.59, it could mean a major bullish trend. 

If that happens, XRP might not only rise in the short term but could also continue to perform well over the next few weeks or even months. On its way up, the price could face some hurdles around levels like $2.77, $2.95, $3.15, and $3.30.

$5 In Sight?

Some analysts suggest we may already be in a direct bullish phase, with the price aiming straight toward the $5 mark. Either way, as long as support holds, the focus remains on higher prices. In the short term, XRP may continue to stretch upward, with a new micro target zone set between $2.77 and $2.97. This could mark the next area of interest for traders looking for bullish confirmation.

The post XRP Briefly Overtakes Tether to Become 3rd Largest Cryptocurrency appeared first on Coinpedia Fintech News
XRP made headlines in the crypto market after briefly overtaking Tether to become the third-largest cryptocurrency by market value. The price of XRP climbed back above $2.61 for the first time since March 6th, marking a strong recovery for the digital asset. However, at the time of writing, XRP has slipped back to the fourth …

XRP Price Prediction For May 13

The post XRP Price Prediction For May 13 appeared first on Coinpedia Fintech News

XRP has been seeing a nice price push lately and at the time of writing, it is up by more than 3%. Trading at $2.43, there are a few reasons why XRP is rallying. . 

One of the biggest factors is a new bill being discussed in Missouri called House Bill 594. If it passes, it would let people in the state deduct all capital gains taxes from profits made on things like Bitcoin and XRP. That means if someone makes money trading these, they won’t have to pay taxes on those profits — and that’s huge news for crypto investors in the U.S.

XRP Adoption Continues to Rise in 2025

Another reason is that more people are holding XRP than ever before. So far in 2025, the number of XRP holders has gone up by 11%, showing growing interest in the coin.

On top of that, XRP is now being accepted as a payment method on the travel booking site Travala.com. That means people can use XRP to book hotels and flights, giving it more real-world use.

The Ripple team is also making progress on the technology side. XRP is being integrated with Cosmos and building something called EVM sidechains, which basically makes it easier for different blockchains to connect and work together. 

Plus, Ripple’s custody service now supports a new system for safer storage called shared MPC wallets. They’re also doing well in the tokenization space — that’s where real-world assets like property or stocks are turned into digital tokens on the XRP Ledger.

Lastly, on the price prediction side, analyst Ali Charts said that if XRP can break out of its current chart pattern, it might jump as high as $15. Right now, technical indicators like RSI and stochastic RSI are showing bullish signals, hinting that a breakout could be coming soon.

The post XRP Price Prediction For May 13 appeared first on Coinpedia Fintech News
XRP has been seeing a nice price push lately and at the time of writing, it is up by more than 3%. Trading at $2.43, there are a few reasons why XRP is rallying. .  One of the biggest factors is a new bill being discussed in Missouri called House Bill 594. If it passes, …

Truth Social Has No Plans for a Meme Coin Launch

The post Truth Social Has No Plans for a Meme Coin Launch appeared first on Coinpedia Fintech News

Rumors have been spreading fast in the crypto space, claiming that Truth Social, the social media platform backed by Donald Trump, is preparing to launch a meme coin. After careful verification and review of original sources, we can confirm — these rumors are completely false.

Where Did the Meme Coin Rumor Start?

The speculation began when Ran Neuner, founder of Crypto Banter, posted on X that a Truth Social meme coin could be launching within 72 hours. He compared it to the already existing “TRUMP” meme coin on the Solana network, triggering widespread discussion about a potential Trump-led crypto push.

This claim rapidly gained attention across social media platforms, amplified by users and communities eager for new meme coin opportunities.

Influencers React, But Denials Follow

Crypto influencer Wendy O responded to the speculation by calling the idea “silly,” suggesting that if Truth Social wanted to support a coin, it could simply stick with the existing TRUMP token.

Shortly after the rumor picked up steam, it was debunked by both Donald Trump and the World Liberty Financial (WLFI) project, which is officially backed by the Trump family.

WLFI and Trump Set the Record Straight

WLFI issued a firm denial on X, stating:

“There is no new Trump crypto project. WLFI is the only DeFi project backed by the Trumps. Anyone else pushing fake tokens is just a scammer trying to take advantage of people.”
— Source: World Liberty Financial on X

Donald Trump also issued a statement confirming that there is no truth whatsoever to the meme coin claims. He warned users to be cautious about fake information circulating online.

What’s Real and What’s Not?

Here’s what is actually verified:

  • Truth Social is owned by Trump Media & Technology Group (TMTG) and is listed on Nasdaq.
  • Earlier this year, Trump launched two meme coins: TRUMP and MELANIA, both of which have declined in value.
  • WLFI is the only officially Trump-backed crypto project.
  • There is no new Truth Social meme coin being launched.

This viral meme coin rumor is baseless and has been publicly denied by all credible parties involved. It serves as a reminder of how quickly misinformation can spread in crypto, often creating opportunities for scammers to take advantage of public hype.

The post Truth Social Has No Plans for a Meme Coin Launch appeared first on Coinpedia Fintech News
Rumors have been spreading fast in the crypto space, claiming that Truth Social, the social media platform backed by Donald Trump, is preparing to launch a meme coin. After careful verification and review of original sources, we can confirm — these rumors are completely false. Where Did the Meme Coin Rumor Start? The speculation began …

Cardano Eyes 86 Million New Users With New Partnership, Activity Soars in Japan 

Cardano Price Prediction For May 9

The post Cardano Eyes 86 Million New Users With New Partnership, Activity Soars in Japan  appeared first on Coinpedia Fintech News

Cardano is turning heads in the crypto space this week with a strategic partnership and a surge in trading activity. Input Output (IO), the development firm behind Cardano, has officially partnered with Brave — the popular privacy-focused web browser with over 86 million users — to integrate full ADA support into the Brave Wallet. 

Announcing the partnership, Charles Hoskinson, the founder of Cardano, revealed that users will now be able to store, send, receive, swap, and sign transactions with ADA and other native Cardano assets directly through the Brave browser. The collaboration will also help Brave’s multi-chain support, which already includes Ethereum and Solana, and now adds Cardano to the mix.

Hoskinson called the Brave deal the first of several partnerships set to roll out throughout the summer and fall. He referred to these initiatives as “fixing broken windows” — deals that should have been completed earlier but faced delays. “This was long overdue. It could have happened in 2022, but certain parties dropped the ball,” Hoskinson shared.

ADA Trading Volume Spikes in Japan

On the market front, Cardano is also seeing growth in Japan. The ADA/JPY trading pair on Binance experienced a 79% increase in trading volume within the last 24 hours. This surge has made ADA/JPY the second most traded Cardano pair globally.

According to data from TapTools, this spike reflects increased activity and interest from Japanese investors, which could further strengthen ADA’s position in Asian markets.

Cardano Holds Strong Amid Mixed Sentiment

Despite a slight dip of 2% over the past 24 hours, Cardano has surged over 19% in the last week, even briefly reaching an intraday high of $0.865. Bulls are now eyeing the $1.02 resistance level, a breakout of which could mean a sustained bullish trend for ADA.

As for Bitcoin, it recently surged past $106,000 following a temporary US-China tariff pause but has since cooled to around $101,952. Ethereum has pulled back by 3%, while Dogecoin dropped over 6%. 

The post Cardano Eyes 86 Million New Users With New Partnership, Activity Soars in Japan  appeared first on Coinpedia Fintech News
Cardano is turning heads in the crypto space this week with a strategic partnership and a surge in trading activity. Input Output (IO), the development firm behind Cardano, has officially partnered with Brave — the popular privacy-focused web browser with over 86 million users — to integrate full ADA support into the Brave Wallet.  Announcing …

Bitcoin Price Risks Dropping Below $100k As Crypto Liquidations Hit $714M

Bitcoin Price Risks Falling As Crypto Liquidations Soar

Bitcoin price has been undergoing a mild reset in the past 24 hours as risk assets appear to have lost most of their gains. Within this period, the BTC price has lost 1.99% of its gains and is now trading for $102,315.79. This unexpected shift has triggered a massive bout of crypto liquidations, which has sparked a concern about the potential offset in the week-long price rally.

Bitcoin Price Reshaping Market Sentiment

Earlier in the day, the coin’s price jumped as high as $105,747.45 as the eased US-China trade tensions rebooted sentiment. The tariff war that triggered uncertainty in the crypto market is also positioned as a headwind for the asset class moving forward.

Despite the uncertainty picked up over the past hour, Bitcoin price has retained a 9.06% growth in the trailing 7-day period. With the current outlook, the BTC/USDT daily price shows the coin might have been oversold.

Bitcoin price
BTC/USDT Price Chart | Source: TradingView

The Relative Strength Index (RSI) is pegged at 68.58, slightly short of the oversold region of 70. It is worth noting that the Bollinger Bands have also dilated with the price around the upper bands. These setups generally signal a potential reversal for Bitcoin price moving forward.

Considering how the altcoin season picked up steam earlier, the current shift in the market may change the overall outlook.

Crypto Liquidations in the Spotlight

The volatility shift in the past few hours has triggered more than $714 million in combined market liquidations. With BTC’s price dropping, its liquidations total $202 million, with long position traders accounting for $141 million. 

Amid the market shift, more than 213,700 traders suffered liquidation, with the futures market showing intense volatility. It is worth noting that the market decider, BTC, still has a number of positive fundamentals likely to help reboot its price.

Institutional adoption remains optimal as Strategy acquired 13,390 BTC for $1.34 billion. Metaplanet also bought its biggest BTC batch amid growing sentiment for a more significant Bitcoin price breakout.

Is a Drop to $100,000 Still Likely?

Wading into the market trend, top crypto analyst Titan of Crypto shared a big take on X, regarding the price of BTC. He said the top coin is retesting the daily Fair Value Gap and could still fall to $99,500. However, the analyst noted that the coin is still trending upward. 

Bitcoin price
Bitcoin Price Chart | Source: Titan of Crypto

This price point offers significant support for the coin to stage a major rebound in the coming weeks. Notably, the analyst concluded that the chart still looks bullish. As such, a drop beyond $100,000 is not likely per the current hype.

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Coinbase Becomes First Crypto Company To Join S&P 500, COIN Stock Jumps

Breaking: Coinbase Set To Join S&P 500, COIN Stock Jumps

Coinbase is again in the news following a recent announcement that the top crypto exchange will be joining the S&P 500. This development marks a huge milestone for the exchange, as it will become the first crypto company to achieve this feat. Meanwhile, the COIN stock price has jumped on the back of this development.

Coinbase To Replace Discover Financial In S&P 500

In a press release, the S&P Dow Jones Indices announced that Coinbase Global will replace Discover Financial in the S&P 500, effective before the opening of trading on Monday, May 19. The exchange is replacing Discover as Capital One Financial is acquiring the financial institution. The crypto exchange will trade under the ticker ‘COIN,’ in a move that will provide further exposure for the company and attract more investors.

Nasdaq data shows Coinbase’s stock surged 8% following the S&P 500 announcement. The COIN stock price is currently trading at around $224, up over 17% in the last month. However, the stock is still down over 16% year-to-date.

This announcement comes just days after the crypto exchange announced an agreement to acquire crypto options firm Deribit for $2.9 billion, making it the largest merger and acquisition in crypto history. Following the announcement, Bitwise CIO Matt Hougan predicted that the exchange could one day become a trillion-dollar company.

Strategy founder and Bitcoin maximalist Michael Saylor congratulated Coinbase and its CEO Brian Armstrong, stating that it is a major milestone for the exchange and Bitcoin.

The top crypto exchange has released a statement on its X account following the announcement. The X post read,

Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history.

Exchanges’ Execs React To The Announcement

In an X post, Brian Armstrong commented on the feat, remarking that his exchange just became the first and only crypto company to join the S&P 500. He added that this milestone represents what the true believers, both retail and institutional investors, and employees and partners knew all along, that crypto is here to stay.

Emilie Choi, the COO of the top crypto exchange, also stated that this development is a “big deal.” She remarked that the S&P 500 is arguably the most tracked and influential index in the world and a magnet for institutional capital. Choi added that it is a great day for Coinbase, its customers, employees, and retail and institutional investors.

The post Coinbase Becomes First Crypto Company To Join S&P 500, COIN Stock Jumps appeared first on CoinGape.

Dogecoin Price To Rally To $0.27? Expert Reveals Critical Level For DOGE

Dogecoin Price To Rally To $0.27? Expert Reveals Critical Level For DOGE

The Dogecoin price is in focus, having gained over 34% in the last seven days. Crypto analyst Rekt Capital has commented on the meme coin’s current price action and highlighted a critical level it needs to hold above to sustain this bullish momentum and rally to $0.27.

Dogecoin Price Could Rally To $0.27 If It Holds This Level

In an X post, Rekt Capital indicated that the Dogecoin price could soon rally to $0.27. However, he remarked that the meme coin needs to hold the green candle at around $0.22 on the weekly chart for it to reach this price target.

Dogecoin price

This came as he noted DOGE is now performing that key retest of pre-halving resistance into new support. In an earlier analysis, he also revealed that the top meme coin has successfully enjoyed a weekly close above the pre-halving highs. He added that Dogecoin is now on the brink of reclaiming that old resistance around $0.2 as the new support.

Indeed, the Dogecoin price is currently retesting the old resistance as part of a broader crypto market correction. The Bitcoin price has dropped to as low as $100,800 today, dragging altcoins alongside it. As a result, DOGE had fallen to $0.22 from its intraday high of $0.25.

Meanwhile, the meme coin is also at risk of suffering a correction due to the upcoming $100 million Dogecoin token unlock. Token unlocks typically put selling pressure on an asset, which could lead to a significant price decline.

DOGE To Still Reach $1

Despite the recent correction and upcoming token unlock, crypto analyst Crypto Kaleo has predicted that the Dogecoin price will still reach the psychological $1 level. He stated that it is finally time for market participants to start paying attention again to the “king of memes” as it eyes a rally to this price level.

Image

Interestingly, his accompanying chart showed that DOGE could even surpass the $1 level and rally to as high as $3. Meanwhile, the rally to these price levels is expected to happen in the second quarter of this year.

In the short term, the $0.22 price level is the level to watch out for. A Coingape market analysis also noted that a bearish reversal pattern suggests that DOGE may drop to $0.22 before a sustained rally.

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