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As investors scan the horizon for early signals of a Bitcoin rally to $1 million, Bloomberg analyst Eric Balchunas has predicted that God candles will become a rarity. While price spikes will be few and far between, Balchunas noted that ETFs and corporate adoption will eliminate vomit-inducing drawdowns for the largest cryptocurrency. No More Bitcoin
The post Bitcoin’s Era Of God Candles Is Over, Bloomberg Analyst Warns appeared first on CoinGape.
Charles Schwab, a major brokerage firm in the United States, has announced plans to start direct spot crypto trading within the next 12 months. This news has sparked interest among crypto enthusiasts, especially for assets like XRP, Dogecoin, and Shiba Inu, as the firm aims to tap into the growing digital asset market.
During its 2025 Spring Business Update, Charles Schwab’s leadership made it clear that the company is moving towards offering crypto trading services.
As Nate Geraci shared on X, the firm pointed to a more promising regulatory outlook in the United States as one of the key reasons behind this shift. With over $10 trillion in assets under management, Schwab believes it is in a strong position to offer reliable access to crypto markets.
It is important to add that the firm has been making its interest known in digital finance. Earlier this year, the firm partnered with Trump Media and Technology Group to launch a fintech venture named Truth.Fi.
This move showed that Charles Schwab is not only watching the crypto space but actively preparing to enter it. Now, attention is on which digital asset will be available once trading begins.
Although the company has not released a full list of coins it plans to support, interest is building around the possibility that it may include XRP, Dogecoin, and Shiba Inu. Based on their market outlook, these three cryptocurrencies are backed by strong user communities and high trading volumes.
XRP, in particular, has remained in focus due to its role in global crypto payment services. With the influence of Elon Musk, Dogecoin and Shiba Inu, both meme coins, have built wide audiences online and utility.
It is important to state that in past rollouts by financial firms, support usually began with Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. However, the market has changed over the past few years.
More platforms are adding popular altcoins based on user demand. If Schwab follows this path, these three tokens might become part of its offerings from the very beginning.
Charles Schwab is not the only large firm stepping into crypto in 2025. Other well-known companies in finance and payments have already expanded their crypto services this year.
For example, investment management company BlackRock added a Bitcoin ETF to its model portfolio in February. Meanwhile, global payment platform PayPal also partnered with a blockchain firm to enable faster crypto transactions for its users.
CoinGape also reported that Fidelity Investments filed with the U.S. Securities and Exchange Commission to launch a tokenized U.S. dollar money market fund on the Ethereum network. The entrance of Charles Schwab into the scene is expected to push even more companies into the space.
The post Will XRP, Dogecoin and Shiba Inu Go Live If Charles Schwab Launches Crypto Trading? appeared first on CoinGape.
After a strong 26% gain over the past week, Pudgy Penguins (PENGU) is now hovering just below a crucial resistance level.
While much of the altcoin market cools down, PENGU price looks poised to break out. Only if it can push past one key wall. A deeper look at bullish strength, liquidations, and price charts shows the token might still have room to run.
Even though PENGU dropped around 2% in the past 24 hours, the bulls still seem to be holding the reins. The Bull-Bear Power (BBP) index, which compares recent highs and lows to measure market strength, is currently flashing green, at around 0.0148. This level suggests buyers still have the upper hand, despite a short-term dip.
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In simple terms, when BBP is positive, bulls are stronger than bears. And Pengu’s BBP has remained above zero since late June, even as prices hovered below key resistance. That steady strength could be a sign that any dip is just part of a cooldown before another leg up.
If BBP stays positive while price climbs past resistance, it might confirm that PENGU still has momentum. But if BBP flips negative, it could warn of a deeper pullback ahead.
PENGU is currently trading around $0.036. The 7-day liquidation map shows cumulative short liquidation leverage building up to $10.46 million versus $10.18 million for longs; a slight bias toward short positions. Do note that there isn’t much to choose between Longs and Shorts, and a price push in either direction can decide the next leg for PENGU.
However, as bulls are in power and that too by a sizable margin, as established by the BBP index, the price action could impact the short positions more than the long.
If the price crosses $0.039, led by bulls breaking key resistance level, and even nears $0.042, a major liquidation cluster of shorts gets triggered. That would reduce downward pressure and potentially propel the PENGU price to the next key price level.
The liquidation map shows a build-up of short positions; if PENGU’s price moves up fast, those betting against it may be forced to buy back, pushing the price even higher.
Technically, the PENGU price has tested the 0.382 Fibonacci level near $0.039 twice and failed to break above cleanly. It now trades just under that resistance. Do note that besides the Fib extension resistance, a key resistance of $0.037 also exists.
The chart uses the Trend-based Fibonacci extension tool. It connects the swing low of $0.0077 to the last swing high of $0.035 and then to the immediately retraced price level of $0.028. This tool helps chart the next price targets for a coin/token in an uptrend.
If PENGU price manages a clean breakout above $0.037, $0.039, and then $0.042 (the 0.5 Fib zone), it opens the path to $0.045 first, a 25% surge. If that breaks, the next key resistance point, or rather target, would be $0.050, the 0.786 Fibonacci level. That would be a 38% rally from current prices around $0.036.
Validation for this move comes from declining bear power, building short positions, and strong chart structure. The bullish trend would get invalidated if PENGU breaks the $0.035 resistance-turned-support. Or if it continues to drop to touch the retracement zone of the Fibonacci extension: the $0.028 mark.
The post PENGU Could Rally 38% if One Key Price Resistance Breaks appeared first on BeInCrypto.
Recent analyses largely agree that retail investors have yet to return to the crypto market, even though Bitcoin has reached new all-time highs. However, there are new signs that Bitcoin’s price surge may soon lure back retail participants.
But is it wise to start buying Bitcoin now that it has entered six-figure territory? Analysts are divided on the matter.
According to Bitbo’s calculations, if a retail investor had invested $1,000 per month in Bitcoin over the past two years, they would have accumulated approximately 0.4588 BTC, yielding a 114.8% return.
This result demonstrates that Bitcoin continues to reward long-term investors. While Bitcoin’s performance may no longer match previous cycles, it still appeals to anyone looking to preserve value amid inflation concerns.
But what if this strategy starts now, with Bitcoin already priced above $100,000?
Recently, an investor named Steve—who openly admits he’s not a hardcore Bitcoin fan—announced that he would invest $1,000 per month in Bitcoin throughout Trump’s presidential term.
That amount reflects the average contribution of a retail investor. Steve’s decision raises a question: Could this signal a broader movement of retail investors preparing to flood into Bitcoin?
Jake Claver, managing director at Digital Ascension Group, believes this is the worst possible time for such a strategy.
“This is the cycle top. Might have 10% left in it before the next bear market. You should DCA at the bottom of the bear market. Buying anything other than BTC in crypto right now would be better, prior to Alt season. The rotation out of BTC has already started,” Jake Claver explained.
However, Udi Wertheimer, a well-known crypto investor on X, holds a different view. He argues that it’s not about price levels—it’s about making the right decision at the right time, even in uncertainty.
“The most expensive mistake you can make is refusing to buy Bitcoin at $120,000 because you sold it at $30,000.
Me and my friends sold all our Bitcoin at $100 and only started buying back around $500–$1,000. You think we’re losing sleep over it? Don’t be stupid. Do whatever you need to trick yourself out of that attitude. We’re going so much higher, it’s not going to matter that you missed 4x along the way,” Udi Wertheimer said.
Only time will tell whether Steve’s strategy works. However, the debates surrounding this DCA approach highlight two opposing forces in the market. One side remains cautious, anchored in past cycles. The other embraces current momentum and positive signals.
Data from CryptoQuant offers a more optimistic perspective.
A recent analysis by Joohyun Ryu on the platform suggests that Bitcoin hasn’t yet entered the euphoria stage typical of past market tops. Instead, he believes we might be in the early phase of what he calls “the last dance”—a period of strong growth before the final peak.
This view is based on the “Greed Indicator,” which is still at moderate levels, far below the peak in 2021. Ryu also points to the rHODL ratio, currently at just 32%.
“A representative example is the rHODL ratio, currently positioned at a modest 32%. This metric, traditionally indicative of long-term holder behavior and the distribution of wealth across different investor cohorts, suggests a continued reluctance among retail participants (often referred to as ‘prawns’ in market vernacular) to fully engage with the market. Historically, periods of true market euphoria have been characterized by substantial inflows from retail investors, a dynamic not yet prominently observed,” Joohyun Ryu explained.
If Ryu is correct, Steve’s decision could be smart—an effort to capitalize before Bitcoin potentially surges to new highs. What remains, however, is the crucial question: When is the right time to exit, before the next bear market sets in?
The post Is Investing $1,000/Month into Bitcoin Now a Smart Move? Analysts Weigh In appeared first on BeInCrypto.