The Blockchain Group is the latest company to signal an intention to increase the size of its Bitcoin holdings. The company has announced a €63 million convertible bond issuance to fund its BTC accumulation plans, mirroring Michael Saylor’s Strategy. The Blockchain Group Unveils BTC-Denominated Convertible Bonds According to a press release, French technology firm The Blockchain Group has announced a convertible bond issuance valued at €63 million. The bond, denominated in BTC and convertible into The Blockchain Group shares, will power the company’s Bitcoin accumulation plans. Per the announcement, Moonlight Capital, Fulgur Ventures, and UTXO Management participated in the bond issuance. Notably, The Blockchain Group Luxembourg will use 95% of the €63 million raised to purchase and hold Bitcoin. The remaining 5% is earmarked for operational expenses and management fees from the Bitcoin treasury. Armed with fresh capital, the company has added 590 BTC to its treasury, bringing its total… Read More at Coingape.com
Investors are monitoring Ethereum intently since it is on the verge of a crucial breakout. Analysts in this Ethereum price prediction say that if ETH can clearly push beyond the $2,800 resistance level, a psychological and technical barrier, it might quickly climb toward $3,300.
Rising institutional interest, a deflationary supply trend following recent network upgrades, and a strengthening macroeconomic environment for crypto assets all support this projection.
Bullish Signals for Ethereum: Can ETH Smash the $2,800 Barrier
Ethereum is currently testing the pivotal $2,800 resistance level, a key focus in recent Ethereum price prediction analyses. Following the successful Pectra upgrade and the Ethereum Foundation’s launch of the Trillion Dollar Security initiative, ETH has shown resilience, trading above $2,450 and aiming for higher targets.
With ETH holding above the 200-day moving average, technical indications point to a bullish momentum. A clear break above $2,800 is expected by analysts to drive Ethereum into the $3,000 level. Notable investments, notably a UK company’s $655 million purchase, emphasize strong institutional interest and hence help the hopeful Ethereum price prediction.
The Relative Strength Index (RSI) shows overbought conditions, which could imply possible short-term corrections. Hence, care is recommended. Still, the general trend is hopeful since Ethereum’s strong foundations and increasing use help to sustain a good prognosis.
Depending on overcoming the $2,800 barrier, the Ethereum price predictions stay good. Success in this project could pave the way for more increases, hence strengthening Ethereum’s standing in the crypto market.
ETH Sets Sights on $3,300
Ethereum is gaining real traction, with strong charts and growing interest from big investors. Experts now believe ETH could climb 20% and reach $3,300 by May 2025, thanks to positive trends and solid institutional support.
Analysts have drawn attention to Ethereum’s approaching key resistance mark around $2,800.
A successful breach of this barrier could open the road for ETH to rise towards $3,300 and maybe higher. Investor trust in Ethereum’s long-term worth has also been strengthened by the recent Pectra upgrade, which has helped to create a deflationary trend.
Some, nevertheless, warn that technical signs point to a possible retreat to $2,800 if selling pressure rises and that Ethereum’s price is now consolidating around $3,300. Notwithstanding this, the general mood stays positive since Ethereum’s strong foundations and increasing use help to promote a good view.
Remittix Presale Frenzy: $15 Million Raised as RTX Gains Momentum
The crypto market is rebounding swiftly, and optimistic Ethereum price predictions are fueling momentum across the sector, especially for rising projects like Remittix and its innovative PayFi solution. Aiming to transform global money transfers, Remittix targets the enormous $250 trillion remittance space with a user-friendly platform that allows crypto users to send funds to recipients with bank accounts in over 30 different fiat currencies.
What sets Remittix apart is its transparency and simplicity. It charges a fixed transaction fee with no concealed costs, ensuring affordability and ease of use. Competing with established giants like Stripe and Wise, Remittix goes further by offering the Remittix Pay API, an advanced tool supporting more than 40 cryptocurrencies, enabling businesses to receive crypto payments effortlessly.
The project’s traction is clear, with over 85% of its 1.5 billion RTX token supply already been purchased during the current presale round. Priced at $0.0757, the token’s value is set to rise to $0.0781 in the next phase.
Discover the future of PayFi with Remittix by checking out their presale here:
The post Ethereum Price Prediction: If ETH Can Break $2,800 We Could See $3,300 Soon After appeared first on Coinpedia Fintech News
Investors are monitoring Ethereum intently since it is on the verge of a crucial breakout. Analysts in this Ethereum price prediction say that if ETH can clearly push beyond the $2,800 resistance level, a psychological and technical barrier, it might quickly climb toward $3,300. Rising institutional interest, a deflationary supply trend following recent network upgrades, …
Celestia (TIA) has struggled to break out of a three-month-long persistent downtrend, with several unsuccessful attempts to sustain gains above key resistance levels.
This suggests a market lacking strong conviction, with investors hesitant to push the altcoin into a clear upward trajectory.
Celestia Finds Support From Investors
The Chaikin Money Flow (CMF) indicator has shown a modest increase recently but remains just below zero. This implies that while capital inflows are present, overall investor confidence is tentative.
Buyers seem to be attracted by TIA’s relatively low price, yet the momentum isn’t strong enough to decisively break the downtrend.
The CMF’s failure to climb above zero signals lingering caution and suggests that traders are only cautiously entering positions. This tentative interest may result in heightened volatility unless broader market support emerges.
The Relative Strength Index (RSI) spiked briefly into bullish territory but has since retreated below the neutral 50 level. This pattern points to fragile bullish momentum, likely hampered by selling pressure or external market uncertainties.
The drop below 50 reinforces the notion that TIA’s price recovery is precarious. Without renewed buying strength, it faces difficulty overcoming resistance and may continue to languish in subdued trading ranges.
Currently trading around $2.54, TIA is testing a critical support level at $2.53. This level is pivotal for stabilizing price action and preventing further losses, especially after failing to surpass the $3.00 resistance during its prolonged downtrend.
A significant upward breakout appears unlikely for now. However, if support at $2.53 holds, TIA might consolidate, potentially building momentum to retest the $3.00 resistance after breaching $2.73.
Conversely, a decisive break below $2.53 could intensify bearish pressure, pushing the price down toward $2.27. Such a move would invalidate short-term bullish prospects and increase downside risks.
After dropping due to Donald Trump’s tariff plans, which caused an intense market sell-off, Bitcoin is making a strong comeback. It’s now approaching $100,000, its highest level since late February. But fears of a recession could slow down this momentum unless the U.S. and China start talking about tariffs soon. Additionally, the mixed on-chain signals might increase volatility for the $100K level.
Bitcoin’s On-chain Metrics Create Mixed Sentiment
How the tariff talks go could play a big role in whether the economy heads into a recession and in where Bitcoin’s price goes next. Many experts are hoping that trade discussions in May will help calm economic worries. Still, Bitcoin might keep rising even if a recession hits. In the past 24 hours, around $34 million in Bitcoin trades were closed out. Buyers ended $8.5 million in positions, while sellers had to close $25.4 million in bets against Bitcoin.
Bitcoin is getting close to retesting the $100K mark as investor confidence grows. In the last two weeks of April, large investors bought around $4 billion worth of Bitcoin. At the same time, spot Bitcoin and Ethereum ETFs saw strong inflows, with over $3.2 billion entering the market last week. BlackRock’s Bitcoin ETF alone brought in nearly $1.5 billion, its biggest weekly gain this year.
Additionally, Bitcoin’s netflow is currently negative by $39.79 million, meaning more Bitcoin is being moved out of exchanges than into them. This suggests that more investors are choosing to store their Bitcoin in private wallets instead of keeping it on exchanges. It’s a sign that people are holding onto their coins, which can reduce selling pressure and support Bitcoin’s recovery.
However, Bitcoin risks a “notable increase” in selling pressure around $100K. Glassnode warns that if Bitcoin’s price keeps rising, long-term holders might start selling. Their profits are now close to 350%, a level where they’ve typically sold in the past. If Bitcoin crosses $100K, it could trigger a wave of selling from these older investors.
What’s Next for BTC Price?
Buyers are breaking through Fib levels and they continue to hold the price above EMA trend lines. Bears are now defending any further surges above $98K as BTC faced a rejection recently. As of writing, BTC price trades at $97,182, surging over 0.7% in the last 24 hours.
The rising 20-day moving average at $96,892 and a strong RSI suggest Bitcoin still has room to move higher. If it breaks above $99,500, the price could quickly jump to the key $100,000 level. Sellers will likely put up a strong fight there, but if buyers succeed, Bitcoin might climb to around $103,000.
On the flip side, sellers may try to drag the price back to the 20-day moving average, which is an important support level. If Bitcoin bounces there, the uptrend stays strong. But if it drops below, it could fall further toward the 50-day average at $92.8K.
The post Bitcoin Flashes Signs of $100K Retest: Can BTC Price Meet Buying Demand? appeared first on Coinpedia Fintech News
After dropping due to Donald Trump’s tariff plans, which caused an intense market sell-off, Bitcoin is making a strong comeback. It’s now approaching $100,000, its highest level since late February. But fears of a recession could slow down this momentum unless the U.S. and China start talking about tariffs soon. Additionally, the mixed on-chain signals …
