Peter Schiff, an economist and gold advocate, has criticized the increasing use of stablecoins in the United States. His remarks come as the Senate continues discussions around the proposed stablecoin bill, known as the GENIUS Act. One of the most debated points in the bill is whether yield-bearing stablecoins should be allowed under U.S. regulation. Peter Schiff Warns Against Stablecoin Amid Stablecoin Bill Debate In a post shared on X, Peter Schiff stated that U.S. dollar stablecoins “won’t do anything to help the U.S. economy or finance the U.S. government’s exploding deficits.” He added that “the primary use of stablecoins will be as trading pairs with other crypto tokens, mainly Bitcoin.” Schiff emphasized that stablecoins serve to bring more money into what he called a “crypto casino,” not to improve the financial system. Peter Schiff has remained consistent in his criticism of cryptocurrency-related products. He repeated that they would remove… Read More at Coingape.com
Bitcoin price has continued its bullish run through Tuesday, adding nearly 8% on the weekly chart. This bullish momentum has also helped recovery in the broader crypto market, with investors likely to be gaining confidence in the digital assets space. Amid this, a recent report showed that the BTC price is likely to hit $106K once it clears a key resistance level.
Can Bitcoin Price Hit $106K?
BTC value today was marginally up, but it held the brief $95K support. On the weekly chart, it has added about 8% while recording a surge of 14% in the last 30 days. However, the volatility still persists, as evidenced by its 24-hour price swings between $95,598 and $93,498 levels.
Amid this, a recent report from Matrixport hinted towards a continuing rally ahead. However, it’s worth noting that the report also cited a key condition that Bitcoin might fulfill in order to continue its run to the north.
Can BTC Rally Sustain?
The leading on-chain analytics platform Matrixport has spotlighted $94,293 as the next critical resistance for Bitcoin price. In its latest report, the firm highlighted BTC’s effort to break a longer-term downtrend near $85,712. Since then, the price has climbed steadily but now faces a major test.
Matrixport noted that a clear move above $94,293 could pave the way for a rally toward $106,000. The firm emphasized that this scenario depends on several bullish factors aligning. These include strength in US equities, positive signals from Trump on tariffs, and a rise in stablecoin inflows.
Source: Matrixport, X
Meanwhile, another major factor fueling optimism is renewed ETF activity, the latest being the robust influx from BlackRock Bitcoin ETF. Matrixport stressed that growing US spot BTC ETF inflows are enhancing market structure and momentum. In other words, if BTC can break through this resistance zone, it might continue its rally ahead.
On-Chain Activity Hints At Bitcoin Price Rally To Continue
Amid the already bullish sentiment, the recent on-chain metrics have further bolstered market confidence. A recent data from IntoTheBlock showed that active BTC addresses surged past 800,000 in a day. While still below peak levels, this rebound marks a strong uptick in network engagement, it noted.
Source: IntoTheBlock, X
Analysts often view rising wallet activity as a signal of growing market demand. This increase hints that traders and investors are returning, possibly preparing for a larger move. Besides, Bitcoin and Ethereum have led last week’s digital assets inflow of $3.4 billion, indicating a renewed interest from the global market participants.
Analyst Weighs In
Popular crypto analyst Carl Moon has echoed similar sentiments. He believes the Bitcoin price could shoot up to $104,000 if it witnesses a strong breakout above the $95,000 level.
Source: Carl Moon, X
The expert pointed to a bullish chart pattern that could trigger the next leg higher if the price breaks out decisively. His analysis lines up closely with Matrixport’s outlook, giving more weight to the $94K-$95K range as a crucial pivot point.
After hitting a record low earlier this month, Pi has been trading between $0.60 and $0.65. While price volatility has settled, there’s still no sign of a strong recovery.
Adding to the frustration, crypto payment platform Banxa has reportedly paused Pi transactions, likely due to pending Know Your Business (KYB) approval. Banxa previously purchased millions of Pi at low prices and may return once approval is granted and Pi’s price improves.
Meanwhile, it’s been over two months since Pi Network won Binance’s community vote by a wide margin, yet the token remains unlisted. Hope sparked again on April 25, when Binance released new listing guidelines, prompting fresh speculation.
Binance’s new evaluation framework stresses strong fundamentals, adoption metrics, tokenomics, team credibility, and compliance. For projects like Pi, which already have a circulating token, special attention is given to trading volume, liquidity, and market performance.
However, major challenges remain. Pi is not yet operating on any of the four blockchains currently supported by Binance (BNB Chain, Solana, Base, and Ethereum). Without integration into a supported chain or a clear timeline for expansion, Pi’s path to a Binance listing remains uncertain.
Pi Coin Price Prediction?
Pi is currently trading in a tight range, with price compressing inside a wedge pattern. Key resistance is at $0.65, and a confirmed breakout above $0.65—especially with strong volume—could spark a sharp rally. However, if the price fails to break above this level, it may fall back to test support around $0.60.
Crypto analyst Dr Altcoin said, “Pi is doing well! I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14–16, 2025) rather than at the end of August when Pi unlocking significantly reduces.”
The post Pi Network Suspension: Banxa Pulls Back on Pi Coin as Binance Listing Criteria Offer a Glimmer of Hope appeared first on Coinpedia Fintech News
After hitting a record low earlier this month, Pi has been trading between $0.60 and $0.65. While price volatility has settled, there’s still no sign of a strong recovery. Adding to the frustration, crypto payment platform Banxa has reportedly paused Pi transactions, likely due to pending Know Your Business (KYB) approval. Banxa previously purchased millions …
As Bitcoin gained momentum and marked a new ATH, the other altcoins also began to go parabolic. Some of them are gearing up to trigger a strong breakout, but the XRP price appears to remain restrained from the ongoing bullish trend. The price is closely consolidating below the pivotal resistance, which could point towards a breakout, but careful observation hints that the price rally could be restrictive, as suggested by a couple of on-chain data points.
The XRP price had been tightly consolidating below $1 for over a couple of years and triggered a massive breakout during Q4 2024. This was when the bulls, retail traders and whales all together pushed the price above $2. Since then, the price has remained consolidated between $2 and $3, failing to keep up with the growing market trends. The massive drop in the active addresses hints towards a sudden decrease in the users’ participation.
The drop in the active address hints towards a decrease in the number of traders contacting the network to perform a trade. This also indicates a drop in the volatility, which has kept the levels consolidated and prevented a breakout. On the other hand, Open Interest has also plunged, which was in recovery mode.
This suggests the traders are closing the futures positions either to take profits, cut losses or adjust their overall portfolio exposure. Moreover, some on-chain reports suggest the whales have off-loaded over 60 million XRP in the last 72 hours, which raises concern over the short-term price action.
Will XRP Price Fail to Reach $3?
The XRP price is closely consolidating but the token is accumulating gains between the range of 2018 and 2021 highs. Moreover, it has formed a massive bull flag and hence a breakout from the resistance could push the price into the discovery phase.
The rebound from the lows has not triggered a rebound with the RSI levels, which remain consolidated along the average range. This suggests the rally remains within a decisive phase and hence a rise in the RSI could eventually push the XRP price beyond the consolidated range; else a drop could drag the levels to the support close to $2 or slightly lower.
The post Altcoins Are About to Surge Dramatically—Why Is XRP Price Failing to Go Parabolic? appeared first on Coinpedia Fintech News
As Bitcoin gained momentum and marked a new ATH, the other altcoins also began to go parabolic. Some of them are gearing up to trigger a strong breakout, but the XRP price appears to remain restrained from the ongoing bullish trend. The price is closely consolidating below the pivotal resistance, which could point towards a …
