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BTC price is showing major strength, gaining 2.43% to $109,500 levels as veteran trader Peter Brandt highlights a strong breakout moment on charts, with a potential rally to $140K. However, Arthur Hayes undertakes a bearish outlook ahead of the Jackson Hole event in August, predicting a potential BTC crash to $90K. The upcoming key CPI
The post Bitcoin Price: $90k Or $140k? Crypto Pundits Divided Ahead of FOMC and CPI Data appeared first on CoinGape.
Bitcoin has recently experienced a notable rally, pulling the price back above $90,000 after over five weeks of stagnation. As of now, Bitcoin is trading near $94,401, just shy of the critical $95,761 resistance.
This suggests that Bitcoin is not yet at its saturation point, with further upward momentum possible if key barriers are breached.
The market sentiment surrounding Bitcoin remains overwhelmingly positive, with investors showing high levels of optimism for further price gains. Social media posts indicate a sharp spike in bullish sentiment, with the number of optimistic (versus bearish) posts reaching levels not seen since the night of Donald Trump’s election on November 5, 2024. This surge in positivity suggests that many investors are poised to capitalize on Bitcoin’s potential growth, further fueling its rally.
However, the extreme level of greed in the market raises questions about the sustainability of this upward movement. As investor sentiment becomes increasingly optimistic, there is a risk that this could lead to a local top if too many traders become overly greedy.
The broader macro momentum for Bitcoin is signaling a rebound, particularly in the Profit/Loss (P/L) ratio, which is nearing a neutral 1.0 level. This shift indicates a balance between coins in profit and those in loss. Historically, the 1.0 threshold has acted as resistance during bear phases, but a sustained move above this level could signal a stronger recovery and continued upward momentum for Bitcoin.
While the shift towards a neutral P/L ratio suggests potential strength, it also opens up the possibility of selling pressure as investors look to lock in profits. Therefore, Bitcoin’s ability to maintain momentum will depend on how investors react to price movements and whether they decide to sell or hold their positions.
Bitcoin’s recent price action shows a 10% increase in the last seven days, trading at $94,401. The crypto king is now just below the significant $95,761 resistance level, which has been holding steady for some time. A break above this level would set Bitcoin on track to reach new highs, with $100,000 as the next major milestone.
Should Bitcoin breach $95,761, the growing greed within the market will likely encourage investors to hold their positions rather than sell. This will likely feed the altcoin’s bullish momentum, pushing Bitcoin further toward $100,000 as demand remains strong among traders eager to capitalize on potential gains.
However, if Bitcoin fails to maintain its position above $93,625, the price could fall toward the $91,521 support. A deeper decline to $89,800 could put the bullish momentum at risk, delaying any immediate recovery and increasing the chances of a consolidation phase.
The post Bitcoin Greed Gauge Flashes Red While Price Hovers Around $94,000: Next Stop $100,000? appeared first on BeInCrypto.
The post MOONPIG Price Crashes 65% & Kaspa Holds as Punisher Coin See Whale Action: Is this the Next 1000x Pump? appeared first on Coinpedia Fintech News
Is meme coin season peaking, or just getting smarter? Right now, Kaspa (KAS) market sentiment is holding strong after a major network upgrade and a large token unlock. On the flip side, the MOONPIG price crash wiped out over 65% of its value after a single whale took profits, rattling the market. Both show how different the paths can be when hype isn’t backed by structure.
Then comes Punisher Coin ($PUN), flipping the typical meme coin script. It’s not just about hype, it’s about value through action. $PUN lets users earn by participating, creating, and sticking around. This isn’t another short-lived trend. With its pay-to-play model and weekly burns, $PUN is making a serious case as one of the top crypto coins to buy now.
Punisher Coin ($PUN) brings something fresh to meme coin culture, real rewards for real action. Every Punisher Mission pays in USDT or tokens for things like meme contests, crypto puzzles, and more. Instead of speculation, the project rewards engagement, whether you’re contributing content or completing tasks. Weekly token burns keep the supply low, adding another reason to stay involved.
Fueling all of this is the Mean Meme Machine, a tool that lets anyone create and share memes, with top picks getting spotlighted across official platforms. The War Room takes it further. With just $100 in $PUN or a presale spot, holders unlock early access to missions, airdrops, and exclusive content. It’s designed to keep people in, not just buying and leaving.
The presale is currently in Stage 2, priced at $0.00531, with over $77,000 raised so far. Out of 25 total stages, each step burns unsold tokens to build long-term scarcity. While Kaspa (KAS) market sentiment shows strength through consistency, $PUN is showing it through innovation and has thus been a project where crypto whales have shown interest in. Potential 1000x climbs coming? All the fundamentals are there. It’s not about waiting for hype, it’s building it from within. If you’re tracking crypto coins to buy now, this one has a model that’s already working.
Kaspa (KAS) is showing how consistency can win, especially after the recent Crescendo v1.0.0 hard fork. Live since May 5, the upgrade increased block speed to 10 per second, helping boost transaction flow without compromising security. That move, along with a $13 million token unlock days later, had minimal downside impact, proof that Kaspa (KAS) market sentiment is steady for now.
Price sits around $0.1016, with a solid 80% gain so far in 2025. Daily volume is near $60 million, and wallet growth from 500,000 to 1.8 million shows rising adoption. Predictions range between $0.10 and $0.26 for the year, backed by a growing DeFi and NFT presence. While others ride out hype cycles, Kaspa is playing the long game, one block at a time.
MOONPIG had its breakout moment, hitting $0.12 and topping $125 million in market cap. But it was short-lived. After a major wallet belonging to James Wynn dumped millions in tokens, a sell-off followed, leading to a sharp MOONPIG price crash. The coin now trades at around $0.0384, with the community split between hopefuls and skeptics.
Even so, MOONPIG is still building. On May 28, it launched an official mobile game on the Apple App Store, giving the token added visibility. Earlier in May, one trader famously flipped $7.6K of TRUMP tokens into $1.4M worth of MOONPIG at its peak. But the sharp drop proves how fast things shift. Unlike steady Kaspa (KAS) market sentiment, MOONPIG’s chart shows what happens when the hype outpaces the roadmap.
The differences couldn’t be clearer. Kaspa (KAS) market sentiment has stayed strong thanks to real upgrades and a loyal base. In contrast, the MOONPIG price crash shows how fragile meme coin momentum can be when major holders exit. Both cases offer a snapshot of what’s working, and what’s not, in today’s market.
Then there’s Punisher Coin ($PUN), which is setting up its own rulebook. From paying users to participate, to rewarding meme creators and burning tokens weekly, $PUN isn’t here for a flash pump. It’s here to build. With its presale live at $0.00531 and over $77k raised, it’s building utility while others chase it. If you’re scanning the charts for crypto coins to buy now, this is one that’s not waiting for hype, it’s earning it.
Join the Punisher Coin Presale Now:
The post MOONPIG Price Crashes 65% & Kaspa Holds as Punisher Coin See Whale Action: Is this the Next 1000x Pump? appeared first on Coinpedia Fintech News
Is meme coin season peaking, or just getting smarter? Right now, Kaspa (KAS) market sentiment is holding strong after a major network upgrade and a large token unlock. On the flip side, the MOONPIG price crash wiped out over 65% of its value after a single whale took profits, rattling the market. Both show how …
Crypto tax is perhaps the most feared tool in the government’s arsenal to regulate the explosive growth of digital assets. An uncertainty here is never a welcome sign. The crypto community in the US is now looking at a new type of tax uncertainty as two senior IRS crypto officials leave at a crucial juncture.
Seth Wilks and Raj Mukherjee, who helped develop the digital asset policy, have left their posts just as the 1099-DA form nears its first enforcement deadline. They joined the IRS just last year and stepped away from their roles on May 2 under a federal DOGE’s voluntary resignation program.
Their exit comes as traders, platforms, and tax professionals prepare for the mandatory use of the 1099-DA form in 2025, a form created to help brokers report crypto activity more accurately and consistently.
Wilks and Mukherjee were leaders of the IRS Digital Asset Initiative, and they were responsible for guiding how crypto activity should be tracked and reported. They were brought in to help lead the agency’s efforts to build service, reporting, compliance, and enforcement programs on cryptocurrency and other digital assets.
The duo’s work has shaped key aspects of the 1099-DA form and also helped align tax implementation with blockchain practices.
Now with both out of the office, the crypto tax regime faces a leadership vacuum. Without clear replacements, users and exchanges may not know what to expect from the IRS in the next few months. Any delay in guidance can increase the compliance risk or lead to confusion during the next tax cycle.
Both leaders brought crypto industry experience into the IRS. Wilks previously worked with TaxBit, and Mukherjee held senior tax roles at ConsenSys and Binance. This helped build a bridge between regulators and platforms, and that balance can be lost if successors lack the same understanding.
The pair also worked on DeFi reporting rules, some of which were reversed by Congress earlier this year. Clarity on those rules may also be delayed with their departure.
Earlier this year, the Department of Government Efficiency (D.O.G.E.) introduced a voluntary resignation program that offered federal employees the option to leave the workforce early. More than 20,000 IRS staff members signed up, including those in digital asset oversight.
This tsunami of exits created major staffing gaps across departments. And since then, the IRS has not named any successors for its crypto tax division yet. Until the appointments, the crypto community is likely left without any clear direction.
Amid the policy uncertainty, the crypto community has been urging the government for clarity for a long time now. The prominent crypto lawyer John Deaton recently outlined a five-point plan for crypto regulation in the United States, calling for urgent action to establish clear rules.
The post Crypto Investors Face Tax Uncertainty as Key IRS Officials Resign appeared first on CoinGape.