The cryptocurrency market capitalization surpassed $3 trillion on Wednesday, with more money flowing into altcoins. Despite $1 billion inflows in BlackRock’s IBIT ETF, Bitcoin has stayed below $95,000.
After a week of holding steady, major altcoins broke key resistance levels on Tuesday. Ethereum and Cardano led the way with 2% gains, outpacing Bitcoin’s 0.6% rise. This shows growing momentum for altcoins, with many market watchers hinting that altcoin season could be here.
ADA Set For Major Breakout
After a strong recovery last week, Cardano is currently trading at $0.7019, up 0.4% in the past day. Analyst Mintern believes that ADA could be gearing up for a major breakout. The current setup mirrors the 2020 inverse head-and-shoulders pattern that led to an explosive rally. He believes that the real bull run hasn’t even started yet.
Analyst Ali Martinez also believes that Cardano is heading toward a crucial test at $0.74; if it breaks above, it could rally to $0.88.
Cardano Surpasses Ether in Developer Activity
Recently, Cardano has surpassed Ethereum in developer activity, which has sparked fresh excitement, hinting at a possible rally for Cardano. Data from Cryptometheus shows that Cardano has outpaced Ethereum in core developer activity over the past year, with 21,439 GitHub commits across 550 repositories.
The Cardano ecosystem thrives with 38 projects and 4,012 public repositories. However, developer engagement has decreased by 10.28% this month, with 262 developers making 1,845 commits, marking a 19.2% decline from the previous month.
Besides, Hoskinson recently announced that Cardano is set to integrate Bitcoin into its Lace wallet, which will allow BTC holders to access Cardano DeFi with a simple one-click feature. Hoskinson says Cardano’s ADA could hit $3, $5, or even $10 if the community backs the proposed development plan and budget.
XRP price holds at $2.08 as Trump eyes Powell’s removal; traders brace for volatility while Bitcoin eyes $110K breakout.
XRP Price Stagnates at $2.08 as Trump–Fed Sparks Bitcoin Predictions
Ripple’s XRP is trading at $2.08, hovering just above key support, as crypto markets weigh the geopolitical fallout from a potential shake-up at the U.S. Federal Reserve.
According to Reuters, White House economic adviser Kevin Hassett has confirmed that President Donald Trump is actively considering the removal of Fed Chair Jerome Powell, a development that could destabilize traditional financial markets while sending Bitcoin surging past $110,000.
The political implications are profound. Firing the Fed chair would challenge the independence of the central bank, undermining global confidence in U.S. monetary policy and spurring volatility across risk assets.
Yet. this could ignite a bullish breakout for crypto. Bitcoin’s narrative as a non-sovereign hedge would gain momentum, propelling mega-cap altcoins like XRP into a breakout rally.
If Bitcoin does breach the $110,000 level in response to this political shock, XRP is likely to post a 30% to 40% rally, targeting:
$2.21–$2.22 (EMA confluence)
$2.30 (major liquidation zone)
$2.45 (next resistance level)
A confirmed BTC breakout above $110K would likely catalyze a Ripple price rally toward $2.75, with a final upside projection at $3.10, assuming elevated risk appetite and sustained altcoin rotation.
Derivatives Markets Show Bearish Bias From Strategic Investors
Despite the potentially bullish setup, XRP derivatives data paints a more cautious picture. While retail sentiment appears optimistic, strategic players are hedging or even scaling back exposure amid rising macro uncertainty.
Over the last 24 hours:
XRP derivatives volume dropped -23.42% to $2.97 billion, signaling that traders are stepping aside.
Open interest dipped -0.42%, hinting at reduced conviction.
Options volume collapsed -61.64%, suggesting institutions are retreating from volatility-heavy positions.
In contrast, options open interest climbed +31.16%, a sign that traders are buying protection, likely bracing for volatility rather than betting on upside.
The 24-hour long/short ratio stands at 0.9826, indicating a near-even split between bullish and bearish bets—an uncommon dynamic during genuine bull trends.
Ripple (XRP) Derivatives Trading Data | Source: Coinglass
A closer look at major exchanges reveals the divergence between retail and institutional sentiment:
On Binance, the XRP/USDT long/short ratio currently trends at 2.076, while on OKX, the ratio stands at 1.66—both indicating that retail traders remain decisively net-long on XRP.
However, when analyzing top trader behavior on Binance, a more cautious tone emerges. The long/short ratio by accounts is 1.9334, while the ratio by positions drops to 1.2435, suggesting that larger investors p are taking a more defensive stance, potentially cutting down on leverage exposure in anticipation of volatility.
Meanwhile, liquidation metrics further highlight the weakening of bullish momentum. In the past 24 hours, long positions absorbed $432.340 in liquidations, compared to just $312,330 on the short side—a sign that optimistic bets are being unwound more aggressively.
Across all major timeframes—1h, 4h, 12h, and 24h—shorts have consistently endured less liquidation pain than longs, further reinforcing the narrative that bearish positions are either better timed or quietly building strength for a major price downswing
Conclusion
While the political drama around Powell’s potential removal could supercharge the crypto narrative—sending Bitcoin toward $110K and XRP to $3.10—institutional traders are not buying in blindly.
Derivatives markets reflect anxiety, risk hedging, and early positioning for volatility. The bullish path for XRP remains viable if prices remain above $2—but macro instability could make traders hesitant to enter new positions.
As the crypto market shows clear signs of recovery, optimism is returning to the scene. Bitcoin has surged past $93,000, and major altcoins are posting gains of over 15% in just a few days.
The broader rally comes as multiple macro and regulatory factors tilt in crypto’s favor—Trump has paused the rollout of new China tariffs, Paul Atkins has officially taken the reins as the new SEC Chair, and hopes of interest rate cuts are gaining momentum.
With fear cooling off and confidence building, market watchers are turning bullish again. Popular analyst Crypto Christopher believes this is just the beginning of a much bigger rally. He’s spotlighting five top altcoins that he says are ready to explode before the bull run peaks.
1. Ethereum (ETH):
Christopher remains ultra-bullish on Ethereum, calling it “massively undervalued” around the $1,600 mark. Unlike Bitcoin, ETH hasn’t set a new all-time high this cycle—yet. With Ethereum continuing to dominate DeFi, Web3, and Layer-2 infrastructure, he sees a conservative 3x to 4x upside, and even hints at a potential $10,000 price target in a bullish scenario.
“This is a generational buying opportunity,” he states.
2. XRP:
Despite regulatory turbulence in recent years, XRP is back on the radar. Christopher sees massive upside potential driven by the coin’s global utility and ambitions for government adoption. XRP has a history of explosive price surges, and with a favorable macro backdrop and increasing utility, the analyst believes it could one day rival Ethereum in market cap.
3. Binance Coin (BNB):
BNB is staging a comeback. With rising trading volume, regular token burns, and cheaper transactions compared to Ethereum, Binance Smart Chain is regaining its developer base. Christopher expects BNB to smash through previous highs, potentially hitting $1,000 or more as new DeFi projects and liquidity return to the ecosystem.
4. Cardano (ADA):
Often labeled a slow mover, Cardano hasn’t seen the breakout action other Layer 1s have. But Christopher argues that ADA’s current range-bound price is a blessing in disguise. With ADA still well below its $3 ATH, he projects a 5x return is possible.
“For conservative investors using low leverage, ADA is one of the safest bets right now,” he adds.
Closing the list of top altcoins is Solana, which Christopher dubs one of the strongest Layer 1 ecosystems today. Despite past concerns over network outages, meme coin mania and skyrocketing user volume are fueling momentum. From its current price around $140, Christopher sees 2x to 3x gains ahead, with up to 10x potential on leveraged positions if network growth holds. As market sentiment flips bullish and institutional inflows return, these top altcoins are well-positioned for the next leg of the bull run. While Bitcoin leads the charge, it’s these carefully selected altcoins that could deliver outsized gains, especially if history repeats itself.
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As the crypto market shows clear signs of recovery, optimism is returning to the scene. Bitcoin has surged past $93,000, and major altcoins are posting gains of over 15% in just a few days. The broader rally comes as multiple macro and regulatory factors tilt in crypto’s favor—Trump has paused the rollout of new China …
Dozens of Binance users report receiving an alarming wave of phishing text messages that appear genuine. These messages even match the phone number and SMS inbox they regularly see for official Binance updates.
Almost all phishing texts reviewed by BeInCrypto have the same wording and format. This leads us to believe that a particular threat actor or criminal group is targeting Binance users with a sophisticated phishing campaign.
Targeted Phishing Campaign Against Binance Users
The messages often warn of users’ unauthorized account activities—such as a newly added two-factor authentication device.
Most commonly, the phishing messages follow up with a text about an unexpected Binance API pairing with Ledger Live. The recipients are then urged to call a provided phone number.
Some targeted users claim these texts show up in the same thread as their legitimate Binance notifications. This creates confusion and prompts them to engage. Investigations by BeInCrypto reveal a surge in consumer complaints on X (formerly Twitter).
A Binance Use Shared the SMS Received Over the Past Week with BeInCrypto
Many users say they were caught off guard because the scam messages originated from the same sender ID used by Binance for authentic notifications.
Meanwhile, the criminals behind this campaign appear to be capitalizing on publicly reported leaks of Binance user data on dark web forums.
The suspected group of threat actors is likely using leaked information—names, phone numbers, and emails—to craft targeted messages that give the illusion of legitimacy.
Recordad que aunque os llegue un mensaje por el canal “oficial” de SMS de @binance, JAMÁS debéis hacer click en ningún enlace ni hacer caso de lo que os envíen.
— Ingeniero Seed Ph. (Oficial) (@IngenieroSeed) April 11, 2025
Also, the pattern seen in the phishing attempts typically involves an urgent “not you?” query. It prompts recipients to call an embedded phone line instead of simply clicking a link.
This method bypasses the more common scenario of phishing links in SMS.
Binance is Extending Anti-Phishing Code to SMS
In an exclusive email to BeInCrypto, Binance’s Chief Security Officer, Jimmy Su, responded to these findings. Su confirmed the company’s awareness of the escalating smishing incidents.
“We are aware of smishing scams on the rise where phishing scammers are impersonating us and other legitimate senders via SMS. These scams appear to be more authentic, tricking users into revealing sensitive information, clicking into phishing links, or making a transfer that result in loss of assets.” Binance’s Chief Security Officer told BeInCrypto.
Su further disclosed that Binance has extended its Anti-Phishing Code to SMS. This feature was originally offered for emails.
The code is a user-defined identifier that appears in official Binance messages, making it easier for recipients to recognize genuine notifications and avoid impostors.
“By incorporating a unique Anti-Phishing code into Binance SMS messages, we are making it significantly harder for scammers to deceive our users,” Su said.
The Anti-Phishing Code has been rolled out to all licensed jurisdictions where Binance operates.
Also, according to Binance, both registered and non-registered users have reported receiving suspicious texts.
Therefore, attackers might be leveraging databases that include phone numbers of individuals not actively using Binance.
Scammers are using lookalike sites to steal your credentials.
We’ll never ask for your password or MFA code outside our site. Always check the URL before logging in. QR codes should always… pic.twitter.com/xX6ahKtm3t
BeInCrypto advises users to adopt additional measures, such as verifying transactions directly through Binance’s official app or website, using multifactor authentication, and never sharing credentials over the phone.
Reporting suspicious messages to Binance’s support team is strongly advised.
Individuals are encouraged to confirm official communications by checking for the Anti-Phishing Code and to carefully scrutinize any request to call phone numbers provided in unsolicited messages.
We’ll never ask for your password or MFA code outside our site.
(@BinanceUS)