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Bitget, the world’s leading cryptocurrency exchange and Web3 company, is turning up the volume on its global expansion by partnering with UNTOLD—one of the top three music festivals in the world, as an official sponsor of UNTOLD X this August, with the partnership continuing at UNTOLD Dubai later this year. With over 400,000 music lovers
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Bitcoin price surges above $104K as April CPI cools to 2.3%, boosting Fed rate-cut bets and fueling bullish market sentiment.
Bitcoin moved sharply higher on Monday after the release of April’s US Consumer Price Index (CPI). According to TradingEconomics data, US Consumer Price Index (CPI) increased to 320.80 points in April from 319.8 points in March of 2025.
The annual inflation rate in the US eased to 2.3% in April 2025, the lowest since February 2021, from 2.4% in March and below forecasts of 2.4%.
Notably, annual inflation, which showed a year-over-year increase of just 2.1% attracted investors attention, as it reflected lowest increase in inflation recorded since 2021. This reinforces market expectations for a Federal Reserve policy rate cut during the next FOMC meeting.
Within two hours of the data release, BTC rose 2.9 % to $104,771 at press time, after plunging as low as $101,868 on Monday.
The move was accompanied by a 35% increase in Bitcoin spot volumes on Binance’s BTC/USDT pair.
TradFi market response was also visible as shares of Coinbase Global (COIN) gained 5.3% in pre-market trading to $215, reflecting positive sentiment building up around cryptocurrency-related stocks. S&P 500 futures also advanced 1.1% to 5,300, reflecting a synchronised recovery across global risk asset markets.
BTC’s price action was supported by a decisive shift in derivatives markets, reflecting increasing bullish conviction from traders.
Open interest in Bitcoin futures rose by 2.38% to $68.57 billion. Options open interest increased by 2.50% to $39.89 billion.
On Binance, the top trader long/short ratio reached 1.595. The broader market ratio stood at 0.9724, reflecting a clear directional tilt to the upside.
Liquidations trends recorded over the last 24 hours also confirm this bullish shift in short-term momentum. Since the CPI release, $84.61 million in leveraged positions were cleared.
Short positions accounted for $28.27 million of that total, with 81% of short liquidations occurring in the first hour. The CPI data caught a large portion of the market unhedged.
On the flip side, futures trading volume declined by 13.71% to $104.67 billion. Options volume also decreased by 9.64%.
This indicates that while bullish positions have been established, short-term traders are now cautiously watching for further macro confirmation before increasing leverage exposure further.
The combination of easing inflation, rising open interest, and strong spot demand points to a continued advance for Bitcoin.
Attention will now turn to upcoming comments from Federal Reserve Chair Jerome Powell and the release of FOMC minutes. Clarity on the central bank’s stance will be critical to validating the market’s current rate cut expectations.
For now, Bitcoin is benefiting from macro relief, rising trading volumes, and increasing capital inflows all currently align positively for BTC sustain its upward momentum towards new all time highs around $110,000.
In today’s Bitcoin price forecast, the confluence of expanding Bollinger Bands, positive volume delta, and elevated RSI supports a bullish outlook toward the $110,000 mark.
As seen in the TradingView chart below, Bitcoin is trading at $104,560 after surging nearly 18% over the past 12-hour session, signalling revived bullish momentum following a consolidation phase.
More so, BTC price has cleanly broken above the mid-$100K range, with sustained closes above both the Bollinger Basis Band ($100,182) and the upper Envelope Band ($100,614), suggesting strong directional conviction.
The Bollinger Band width is expanding, often a precursor to volatile upside movement, as candles hover near the upper band at $108,439, reinforcing bullish continuation potential.
Momentum strength is further confirmed by the RSI holding at 72.52, marginally above the 70 threshold that typically delineates overbought conditions.
However, the RSI’s sustained elevation without divergence hints at trend strength rather than exhaustion, especially as the RSI line maintains a gradual upward slope above its signal.
Notably, the recent positive Volume Delta spike to +1.27K marks the highest buyer dominance since early May, underscoring renewed spot demand.
Downside risks remain capped so long as BTC holds above the psychological $100,000 support, which aligns with both mid-band support and historical resistance now turned support. A clean break below $100,000 with weakening volume could re-open bids toward $92,850.
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The post Is Pi Network Breakout Imminent? New Roadmap Sparks 4% Surge Amidst Mixed Reactions appeared first on Coinpedia Fintech News
Pi Network price has surged over 4% in the past 24 hours following the launch of its Migration Roadmap. Although the token is showing some signs of recovery across several indicators, it is too soon to confirm an uptrend.
Although technical indicators like the Ichimoku Cloud and RSI hint that price might be recovering, it’s still facing strong resistance that is blocking a clear breakout. Besides, many in the Pi Community are frustrated that the new Migration Roadmap is not clear enough which adds another layer of uncertainty about where the price is headed next.
Pi Network released its Mainnet Migration Roadmap, but it lacks specific dates and clear details, leaving users frustrated. The roadmap outlines three phases, but no timelines are given, causing uncertainty. Some users noticed discrepancies in their coin balances, with no way to resolve them.
Additionally, the claim that all tokens were minted at genesis has sparked debate, raising concerns about the project’s transparency. With 108.9 million tokens unlocked this month, users are unsure how the migration will unfold. These issues are weakening trust in the Pi Network.
It is trading just below the Ichimoku Cloud, a key resistance area which signals that buyers are trying to push the price up. Although the price has been making some higher lows and hinting at a possible recovery, it still has not broken the resistance yet.
Besides, the market is still not strongly bullish yet, showing that the short-term momentum is weaker than the medium-term trend, hence its not a clear signal to buy. Traders are being cautious and are waiting for stronger signs before making any big moves.
Also, the Ichimoku Cloud is getting thicker and more tilted, which suggests that bigger price swings may be imminent. If Pi breaks above the cloud, it could signal a strong upward trend. However, until thay happens, Pi remains in a vulnerable position with a risk of rejection still likely.
Pi Network’s RSI has bounced back to 53.77 from 32.34, signaling recovery. However, after peaking at 57.25, it has cooled slightly, weakening bullish momentum. The RSI is in neutral-bullish territory, showing moderate strength but still far from overbought levels. If momentum builds, there’s potential for growth, but caution is stil needed as the trend is not yet solid.
Pi Network (PI) is testing key resistance at $0.66. A breakout could push the price to $0.789 and $0.858, possibly reigniting bullish momentum. A successful breakout could possibly push PI to $1.23 or $1.79. However, frustrations over the unclear Migration Roadmap add uncertainty. If PI fails to break $0.66, it may dip toward $0.54 or $0.40.
The next few sessions are crucial for determining the token’s direction, heavily influenced by both technical signals and community sentiment, awaiting a clear breakout or drop.
With the Consensus 2025 fast approaching, excitement is building in the Pi Network Community. Analyst Dr Altcoin notes that this event is a major chance to promote Pi Network especially as the Pi founder Nicolas Kokkalis is set to share the stage with personalities like Bo Hines and Eric Trump.
Dr. Altcoin believes that Consensus 2025 could be a game-changer for Pi Network, only if the Pi Core Team acts fast. He’s urging them to approve all KYB applications and officially launch DApps in the Pi ecosystem before the event to maximise the opportunity on the global spotlight and boost Pi’s credibility and growth.
The Pi Core Team has under a month to approve KYB and launch DApps before Consensus 2025, as delays have driven some projects to other blockchains. Pi is currently priced around $0.64, but with upcoming developments and potential adoption by big institutions, some believe it could reach $30, although short-term volatility remains a concern.
The post Is Pi Network Breakout Imminent? New Roadmap Sparks 4% Surge Amidst Mixed Reactions appeared first on Coinpedia Fintech News
Pi Network price has surged over 4% in the past 24 hours following the launch of its Migration Roadmap. Although the token is showing some signs of recovery across several indicators, it is too soon to confirm an uptrend. Although technical indicators like the Ichimoku Cloud and RSI hint that price might be recovering, it’s …
Shiba Inu price looks prime for a parabolic rally amid a looming supply crunch and a recovery across the meme coin sector. In the last seven days, the total meme coin market cap has gained nearly 10% from $48 billion to $52 billion at press time. Amid these bullish tailwinds, can SHIB price reach the highly anticipated psychological level of $0.001?
The Shiba Inu burn rate skyrocketed recently after an unknown user burned 1,000,000,000 SHIB tokens. Data from Shibburn shows that this user sent these tokens to the burn address in a single transaction. Yesterday, another address also sent 23M SHIB to the burn address.
One of the main factors contributing to the high burn rate is a spike in activity on the Shibarium network. DeFi tracking tool DeFiLlama shows that in just one week, Shibarium’s TVL has increased by over $1M and recently reached its highest level since late January.
As Shibarium records an uptick in activity, the burn rate will continue to surge and bring down SHIB’s supply. This will bode well for Shiba Inu price.
Besides the token burns, Shiba Inu supply on exchanges has also reached its lowest level in four years. According to Santiment, SHIB’s exchange experienced a sharp decline earlier this year, and only 100.42 trillion tokens, valued at around $1.3 billion are available on exchanges.
The amount of SHIB held on exchanges is only 16% of the meme coin’s circulating supply of 589 trillion tokens. This decline indicates that many SHIB holders are not holding their tokens on exchanges, which highlights a lack of intent to sell.
As this supply continues to fall, it might cause a supply crunch where demand outpaces the supply. This could spark a parabolic rally for Shiba Inu price.
The $0.001 price target is realistic for Shiba Inu as that would give it a $589B market cap. One of the factors that could aid such a rally is a gradual increase in the SHIB burn rate.
Additionally, increased activity on Shibarium could sustain a long-term uptrend. Early Bitcoin advocate Davinci Jeremie previously stated that Shibarium will unlock SHIB’s potential.
The possible launch of a spot SHIB ETF as highlighted by SHIB marketing executive LUCIE could also drive a price rally to $0.001. If Shiba Inu outperforms the rest of the crypto market and attains this price target, it will not only be the largest meme coin but also the largest altcoin.
Shiba Inu price today trades at $0.0000135 with a 2.5% gain in 24 hours, The meme coin is on the verge of a breakout after breaking above the upper trendline of a descending parallel channel, indicating that bears are losing control as buying pressure rises.
The rising RSI line also supports this bullish Shiba Inu price prediction. This indicator stands at 51, which is a neutral level. However, the making of higher lows shows that selling pressure is easing.
Shiba Inu faces two key resistance levels which, if breached, will confirm a bullish reversal. One of these levels is the 50-day SMA of $0.0000141. If the meme coin flips this resistance, it could trigger a 36% surge to the 200-day SMA of $0.000019.
In summary, Shiba Inu price is likely to break crucial resistance at the 50-day SMA, which will confirm a reversal from bearish to bullish trends. The increasing burn rate caused by an uptick in activity on Shibarium as well as the falling supply on exchange could trigger a supply crunch. This could precede a parabolic rally for SHIB.
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