China is loading up on its gold holdings, racking up five tonnes in a frenetic accumulation spree over the last month. The push for gold is triggering unintended consequences for Bitcoin price, with BTC comfortably holding the $85K mark.
According to an X post by the Kobeissi Letter, China is continuing its streak of stacking up gold bars. The latest accumulation spree sees the People’s Bank of China (PBoC) bolster its existing gold holdings by five tonnes over the last month.
While China’s frenetic push for gold continues to raise eyebrows, the Bitcoin price is riding the tailwind of the purchases. At the moment, Bitcoin price is trading at $85,000 despite a whirlwind of negative macroeconomic reports in recent days.
Barely four days ago, Bitcoin and other cryptocurrencies tanked after US President Trump slapped 245% tariffs on China. The recent recovery on the heels of the PBoC’s disclosure of its gold holdings has left investors scratching their heads.
A plausible reason for the BTC price resurgence is its rising safe-haven appeal flowing from China’s gold embrace. Traders are seeing upside in Bitcoin’s value as a hedge against inflation flowing from China’s decision to ditch the US dollar.
Another reason for Bitcoin’s rise is the growing possibility that China is inching toward a Strategic Bitcoin Reserve. However, reports of China selling 15,000 BTC on offshore exchanges poke holes in the Strategic Bitcoin Reserve theory.
Gold Surges To New Highs With BTC Poised To Follow Its Path
The price of gold has soared to new highs, sparking speculation that the Bitcoin price will follow suit. Gold is trading at $3,326 after adding nearly $100 over the last week. The surge in gold prices stems from renewed institutional interest, with China leading the charge.
The US-China tariff wars are powering a mad dash for safe-haven assets, with gold receiving renewed interest. Bitcoin, on the other hand, is set to record similar institutional interest as a complementary safe-haven asset.
However, Peter Schiff warns that Bitcoin is in a bear market, dousing enthusiasm for a push to mirror gold prices. Spot Bitcoin ETFs have recorded the largest drawdown since launch, but Bitcoin price is holding up in a strong show of strength.
“$4.8B has left the ETF market since the cumulative flow ATH,” said cryptocurrency analyst Darkfost. “Meanwhile, the price of BTC has recently remained relatively stable so far, showing limited reaction to this selling pressure.”
Ripple Labs-affiliated coin is in the spotlight as the XRP trading volume and price show bearish consolidation on the daily chart. At the time of writing, the XRP price had slipped by 0.16% in 24 hours and is now changing hands for $2.191. The digital currency moved from a low of $2.18 to a high of $2.2 before settling at the current level. The XRP volume may determine its next major shift amid the close trading range shift.
XRP Trading Volume Drops, Should Investors Be Worried?
XRP trading volume is one of the core metrics that gauges investor interest and adoption trends. According to data from CoinMarketCap, the volume has dropped by 32.5% to $1,445,253,443.43. This drop is unusual, as the coin has recorded mostly high volume for most of the week.
Beyond XRP, other tokens within the Ripple ecosystem, including RLUSD, have also seen a drop in volume. Market data shows that the stablecoin has dropped 57.87%, with just $23,583,892.16 traded in 24 hours.
There has been a correlation between the XRP price and RLUSD volume, as reported on different occasions. For instance, when the stablecoin volume rallied by 45% in 24 hours on April 24, speculation mounted that the XRP price could reclaim a 45% high. Although this forecast has yet to materialize, the odds have always remained high.
With trading volume now down, whether or not the bullish momentum can be sustained remains unknown.
What Next For Ripple Coin?
A number of events in the Ripple Labs ecosystem are set to change the outlook of the coin remarkably. The acquisition of Hidden Road for $1.25 billion and the hype around the firm’s bid on Circle remained on the horizon.
While these trends can shape the broader ecosystem sentiment around the XRP price, the historical outlook might help determine what to expect for the rest of May.
According to Cryptorank data, the coin’s average growth rate is over 25%, setting it up for a potentially bullish run. Thus far this month, despite the broader market volatility, the coin has recorded a marginal growth of 0.21%.
If history repeats itself and XRP trading volume reverts to positive, the Ripple coin may see a breakout. Despite the XRP ETF decision delay from the US SEC, the eventual approval of the product can help shape long-term settlement around the coin. With Paul Atkins now the Chairman and the commission’s pro-crypto stance, the expectation of the ETF approval remains high.
Dogecoin (DOGE) has had its fair share of ups and downs in the market. With Dogecoin still struggling around the $0.20 mark, many are left wondering if the $2 dream is still achievable. As the original meme coin struggles to reclaim its former glory, JetBolt (JBOLT) is quietly taking over the spotlight. With its unique features gaining remarkable traction, JetBolt’s groundbreaking innovations are becoming the talk of the crypto world.
While Dogecoin attempts to regain its footing, the question remains—is Dogecoin’s $2 dream still alive? Or is it time for a new contender like JetBolt to take the market center stage? Let’s dive into Dogecoin’s latest price predictions, explore whether DOGE at $2 is realistic, and discuss the young crypto disruptor that shows no signs of stopping.
Dogecoin’s Future Path and the Hurdles: Is $2 Realistic for DOGE in 2025?
With its price lingering currently at $0.2155, far from its all-time high of $0.7376, the powerhouse meme coin Dogecoin (DOGE) has faced notable challenges in recent months. Even after a modest 9.33% increase in the last 24 hours, DOGE has struggled to maintain momentum enough to recover from an 18.93% decline over the past month.
Additionally, Dogecoin’s technical outlook is mixed, with crypto analysts noting that DOGE must hold above the $0.20 support level to avoid further losses. While some predict a slow recovery, with price targets of $0.50 to $0.82 by year-end, $2 seems increasingly unlikely—at least for now.
Furthermore, recent market conditions and macroeconomic factors, including inflation and liquidity constraints, have added to the pioneer meme coin’s challenges. Moreover, as whales continue to accumulate DOGE tokens, the overall market sentiment remains cautious, with many questioning whether the hype surrounding Dogecoin can drive it to new heights.
In recent news, Charles Hoskinson, the founder of Cardano, recently proposed a collaboration with Elon Musk to make Dogecoin the currency of X. If this ambitious partnership comes to fruition, it could dramatically impact Dogecoin’s future, possibly giving DOGE the boost it needs to reach new heights and solidify its place in the mainstream financial ecosystem.
Charles Hoskinson, Cardano founder, proposes to Elon Musk making Dogecoin the currency of X in an exciting post on X; posted by dogegod (@_dogegod_) on X
As 2025 progresses, the real question remains: Can Dogecoin break out of its slump, or is the $2 target simply out of reach? While Dogecoin’s journey to $2 seems increasingly uncertain, its future remains tied to market sentiment and the strength of its community. On the other hand, JetBolt (JBOLT) is forging new ground with its groundbreaking presale, reeling in crypto whales with its zero-gas technology.
JetBolt (JBOLT): The Zero-Gas Revolution That’s Disrupting older gen coins like DOGE
JetBolt (JBOLT) is an explosive force, racing ahead during its presale like a rocket fueled by innovation. With over 340 million JBOLT tokens already snapped up, this rising crypto superstar appears as a seismic shift in the blockchain space.
JetBolt’s zero-gas technology is eliminating the dreaded gas fees that have long plagued the crypto world while being powered by the Skale Network. On top of making transactions gas-free, this innovative technology is also creating a new frontier for developers.
But here’s where it gets even more exciting—JetBolt’s easy-to-earn staking mechanism is designed to make engagement as simple as a few clicks even for crypto beginners, thanks to its sleek Web3 wallet. What’s more, JetBolt takes a detour from the usual rewards earned just through staking tokens. Stakers also earn from actively engaging within JetBolt’s platform—transforming interactions into exciting crypto rewards.
On top of that, JetBolt’s AI-powered crypto tool aggregates blockchain news in a high-tech and entertaining feed, directly into the JetBolt platform.
As JetBolt skyrockets, its traction is increasing. The Alpha Boxes are a game-changer, granting up to 25% more JBOLT tokens on batch token purchase—perfect for supercharging token holdings right from the start. With daily price increases and an operational ecosystem already in place, JetBolt’s presale continues to fuel crypto whale and buyer excitement in the altcoins realm.
Final Take: Dogecoin’s $2 Dream Faces Hurdles as Cardano’s founder teases the idea of collaborating on making DOGE the currency of the X social media platform.
As Dogecoin (DOGE) struggles to maintain momentum above $0.20, its $2 dream seems further out of reach. Meanwhile, JetBolt’s (JBOLT) presale continues to captivate whale interest, with its zero-gas technology and growing ecosystem showcasing distinct innovation in today’s market. While Dogecoin’s future remains uncertain, JetBolt’s unmistakable momentum could signal a new era for the crypto space—one where users gravitate towards new technologies and younger names.
Discover more of JetBolt’s game-changing features at
Note that this content is not trading or financial advice. Remember, any and all cryptocurrencies are unpredictable, with market conditions changing without any notice. Don’t forget to do your own research before engaging with any crypto. Proceed with utmost caution and awareness of the risks—crypto’s volatile ride is not for everyone.
The post Dogecoin Price Prediction: Is DOGE at $2 Realistic as Cardano’s founder discusses making Dogecoin the currency of X (Twitter) appeared first on Coinpedia Fintech News
Dogecoin (DOGE) has had its fair share of ups and downs in the market. With Dogecoin still struggling around the $0.20 mark, many are left wondering if the $2 dream is still achievable. As the original meme coin struggles to reclaim its former glory, JetBolt (JBOLT) is quietly taking over the spotlight. With its unique …
