Gold Price Soars Past $3,340: When Will Bitcoin Price Catch Up?

Monicah W

Why Gold’s Rally Could Cause a Bitcoin Price Crash to $10K

The post Gold Price Soars Past $3,340: When Will Bitcoin Price Catch Up? appeared first on Coinpedia Fintech News

  • Gold price has heavily benefited from capital flight as investors flee from volatile stock markets amid global trade wars.
  • Bitcoin price will gain bullish sentiment after gold hits rally top and cash rotation kickstarts.

The U.S. stock market recorded more forced liquidations on Wednesday amounting $1.5 trillion, after Fed Chair Jerome Powell said that more volatility is likely ahead. With the trade war negotiations taking longer than anticipated, investors have been fleeing to the Gold markets to protect working capital. 

Moreover, inflation is anticipated to increase as investors show midterm fear amid the weakening U.S. dollar against major currencies.

Gold Market Blowout 

Gold price gathered more bullish momentum during the North American trading session on Wednesday as the trade negotiations rattled global stock markets.

In the past 24 hours, Gold price rallied over 3 percent to trade at about $3,337 at the time of this writing. Gold has continued with price discovery since its bullish breakout in October 2023, catalyzed by rising demand from global central banks led by China.

When Bitcoin?

Bitcoin has earned the title digital gold in the past decade, especially after emerging from the 2008 financial crisis and thriving through the Covid-19 crash. As Coinpedia reported, the Federal Reserve already views Bitcoin as digital gold and not as a competitor for the United States dollar. 

Consequently, the U.S. government under President Donald Trump is keen to tap into Bitcoin to reduce its huge debt burden.

From a technical standpoint, BTC price has in the past cycles experienced parabolic rallies every time that Gold price reached the peak of its rally. Based on historical trends, Gold price is expected to reach $3,500 in this cycle, or even higher depending on the trade war dynamics.

In the three month candlestick, gold price has reached the top after the Relative Strength Index hit a minimum of 93, whereby it currently hovers about 83.

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Why is the XRP Price Up Today?

Will XRP Price Hit $12 in 2026: Elliott Wave Pattern, Whale Accumulation Signal Explosive Rally

XRP price has shot up nearly 5% in the past 12 hours in response to the US-China trade deal. Apart from Ripple the altcoins and the broader crypto markets are taking off. Bitcoin (BTC) price has surpassed the $97,000 threshold with Ethereum and others up 2%.

Currently, XRP price stands at $2.16, hinting at a potential breakout rally if the bullish sentiments sustain. As the token goes up, let’s explore the bullish factors supporting its upside potential.

XRP Price Surge
XRP Price Surge

XRP Price Nears Channel Breakout as U.S.-China Trade Deal Develops

With a near 2% rise, XRP is at $2.16. However, the bullish trend faces critical resistance from the overhead trend line and the 50 and 100 EMA lines. Furthermore, the MACD and signal lines have recently given a negative crossover. 

With multiple technical setbacks, the short-term surge in bullish momentum must surpass the overhead obstacles to sustain a bullish ride. However, the overnight surge has concluded the four-day downfall streak in the XRP price trend. This increases the possibility of a price jump in XRP.

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As per the trend-based Fibonacci level, the potential breakout of the 100-EMA line at $2.21 will likely propel the XRP price to the 23.60% level at $2.45. On the flip side, the 200 EMA line at $1.9978 is a strong support for the XRP price. 

The sudden reversal and increased bullish sentiments in Ripple’s XRP come before the anticipation of a U.S.-China trade deal meeting in Switzerland.

A Way Ahead in the U.S.-China Trade Deal 

In a recent interview, Scott Bessent, the 79th U.S. Treasury Secretary, revealed a key upcoming discussion between the U.S. and China in Switzerland over the coming weekend. Scott Bessent revealed his plan to visit Switzerland to discuss trade deals with the Swiss. Chinese delegates, presently on a visit to Europe, are willing to discuss a potential way ahead in trade deals. Bessent said, 

“The world has been coming to the U.S., and China has been the missing piece. We will meet on Saturday and Sunday to discuss our shared interests.”

Bessent adds that the current tariffs and trade barriers are unsustainable, but we don’t want to decouple. The treasury secretary further added that tariffs and other barriers are coming down as the world starts to renegotiate. “We are bringing strategic industries back home, from steel to semiconductors to medicine, and Americans will get a better deal.”

With the news, the NASDAQ 100 and S&P 500 registered a near 1% jump despite a weaker opening. This reflects the sudden optimism spike in the US markets. 

China’s MOFCOM Confirms The Meeting in Switzerland

In a news release, China’s Ministry of Commerce, MOFCOM, has confirmed the news that Vice Premier He Lifeng will visit Switzerland. The vice premier will be a Chinese representative for the China-U.S. Economic and Trade Affairs. During his visit to Switzerland, he will meet the U.S. Treasury Secretary Scott Bessent. 

The news release also states, “China has carefully evaluated these messages, taking into full account global expectations, China’s own interests, and the appeals of American businesses and consumers. China has decided to engage with the U.S. side.”

The development in the US-China trade deal discussion has pumped up the US and crypto markets alike. Bitcoin is up by nearly 3%. Similarly, altcoins like Ethereum witnessed more than 1.50%, and it has fueled Ripple’s XRP token surge of 1.85%.

Conclusion

The XRP price surges as the global trade war witnesses the two rivals coming back to talking terms. This could result in a key pivot point for global markets and risk assets like crypto.

The post Why is the XRP Price Up Today? appeared first on CoinGape.

Binance Dominated the CEX Market in Q1 with $8.4 Trillion Trading Volume

Despite regulatory hurdles and listing concerns, a new report from TokenInsight shows that Binance is comfortably leading the CEX market. Increasing competition from MEXC and Bitget saw Binance’s market share drop 1%, but it still dominates more than one-third of the CEX trades.

The firm dominates in every metric that the report examined, from market share to public notoriety. It leads both in spot and derivatives trading volume and maintains the most stable ratio between the two of any CEX.

Binance is Winning the CEX Race By a Mile

Binance suffered a few setbacks in this period, but it still comfortably leads the CEX market in a few key areas. Its token listings are not performing like they used to, prompting community backlash, and its potential ties with the Trump family are also raising concerns.

However, the exchange had a strong Q1 2025, as its trading volume continued to dominate one-third of the CEX market.

“Binance maintained its market-leading position in both quarters, with a trading volume of $9.95 trillion in Q4 2024. Due to market volatility, its trading volume in Q1 2025 was approximately $8.39 trillion. Binance continued to lead in market share, holding 36.5% in Q1 2025,” the report claimed.

In terms of total market share, Binance isn’t completely surpassing the CEX market. In fact, its control actually decreased by 1.38%.

No other exchange saw this level of decline, as Bybit only lost 0.89% after the infamous hack. Nonetheless, most of the biggest CEXs also declined slightly, and none of the growing exchanges managed to compete with its head start.

Binance Is Larger than Any CEX
Binance Is Larger than Any CEX. Source: TokenInsight

Binance accounts for nearly 36% of the CEX market share, but this isn’t its only advantage. It also leads in both spot trading and derivatives volumes, controlling 45% of the former and maintaining a 17% lead with the latter.

Additionally, TokenInsight determined that it had the most stable platform structure, keeping its ratio of spot to derivatives trading very consistent.

The firm also ranked number one in open interest market share, but this was its least comfortable lead. However, TokenInsight identified a few intangibles that significantly impacted Binance’s CEX performance.

crypto spot market share
Crypto Spot Market Share. Source: TokenInsight

In its list of noteworthy industry events for Q1 2025, Binance was mentioned more than any other exchange. In one such mention, Forbes listed it as one of the world’s most trusted crypto exchanges.

Overall, despite ongoing regulatory scrutiny in several different regions, the exchange seemingly holds a firm grip on the market.

The post Binance Dominated the CEX Market in Q1 with $8.4 Trillion Trading Volume appeared first on BeInCrypto.

Pi Coin Resumes Trading on BitMart After Banxa Suspension: What’s Next for Pi Network?

Is This the Game-Changer Pi Network Needed

The post Pi Coin Resumes Trading on BitMart After Banxa Suspension: What’s Next for Pi Network? appeared first on Coinpedia Fintech News

Pi Coin, once a rising star in the crypto space, has faced significant setbacks recently, with its price plummeting nearly 80% from its peak of $3. This drop has raised concerns about the project’s legitimacy, liquidity, and exchange support. 

The suspension of Pi trading on BitMart a month ago, due to pending KYB (Know Your Business) approval for 1:1 Pi swaps, has particularly hindered its accessibility.

BitMart Resumes Pi Coin Trading

Pi Coin resumes trading on BitMart. Crypto expert Dr. Altcoin shared that this move could help the Pi Coin price recover and potentially reach the $1 mark. Additionally, an official KYB approval for BitMart might be on the horizon, which could further bolster investor confidence in Pi’s future.

Banxa  suspended the Pi transaction

Banxa, a major fiat on-ramp provider, recently suspended Pi Coin transactions, citing pending KYB approval. This move has reduced liquidity and created additional hurdles for users looking to buy Pi Coin with fiat. 

Dr. Altcoin noted that despite this setback, Banxa had previously purchased millions of Pi at a low price and could return stronger once the approval is granted. This potential rebound could also coincide with a price surge, raising optimism among Pi investors.

Pi Network Exchange Listing 

While Pi Network has garnered attention, its absence from major exchanges such as Binance, Coinbase, and Kraken has significantly limited its exposure and demand. 

The listing speculations are growing, with the Pi logo recently appearing in a post on HTX’s platform, fueling rumors of a potential listing. 

These moves, though promising, aren’t enough to fully lift the project’s visibility and trading volume on the global stage.

The post Pi Coin Resumes Trading on BitMart After Banxa Suspension: What’s Next for Pi Network? appeared first on Coinpedia Fintech News
Pi Coin, once a rising star in the crypto space, has faced significant setbacks recently, with its price plummeting nearly 80% from its peak of $3. This drop has raised concerns about the project’s legitimacy, liquidity, and exchange support.  The suspension of Pi trading on BitMart a month ago, due to pending KYB (Know Your …