The crypto market experienced another busy week, with major events shaking up the landscape. The U.S. Federal Open Market Committee (FOMC) made its decisions, and the long-running XRP lawsuit was finally resolved, bringing relief to the community. However, the Pi Network faced some tough challenges.
The migration and Know Your Customer (KYC) process are now complete, but many users were unable to claim their tokens. As a result, Pi fell behind the market, leading to doubts about whether now is a good time to buy.
Among the top 100 cryptocurrencies, Pi was the worst performer last week, losing more value than the rest. A big blow came when Binance refused to list Pi. They stated that any token not listed on the Binance Smart Chain is not eligible for a vote, disqualifying Pi from consideration.
What’s Next For Pi Coin Price?
The Pi token dropped below the $1 mark, after hitting an all-time high of $3 following its Open Network launch on February 20. It hit the lows of around $0.70, leaving many investors uncertain about the future. However, it has now bounced back, trading at around $0.96. Despite the downturn, analysts are spotting potential for a rebound and there are signs that a breakout could happen. If the support level holds strong, Pi could push back toward $2.
The trading volume saw an initial spike but later declined, showing that sellers are currently in control, weakening the momentum of buyers. Ater a 3% drop, the price is approaching the critical $0.70 support level, and if this breaks, it could lead to further drops, potentially down to $0.50 or $0.10.
On the bright side, if Pi reclaims the $1 level, it could trigger an upward move toward $1.20, offering hope for a recovery.
Bitcoin price forecast on Thursday May 1 reflects cautious optimism as BTC fails $96,000 breakout out test for the third day running.
Bitcoin stalls at $95,500 as resistance holds for third day
Bitcoin (BTC) faced firm resistance at the $96,000 mark on Wednesday, halting its short-term rally and confirming a sell-wall at $95,500 for the third consecutive session. The asset continues to oscillate near its all-time highs but has struggled to post a decisive breakout this week.
Market participants have been eyeing a sustained move above $96,000 as a trigger for renewed bullish momentum, but waning volume and macroeconomic caution have weighed down BTC price action.
Bitcoin price action | Coingecko
As of Wednesday’s close, BTC had posted a modest 0.4% gain over 24 hours and was up 0.7% on the week, according to CoinGecko. The global cryptocurrency market cap held at $3.04 trillion, reflecting a 2.8% daily gain, but much of the momentum remains concentrated in Bitcoin and Ethereum.
BTC dominance stands near 62%, as altcoins lag after the US SEC delayed verdicts on ETF filings till June.
BlackRock moves to tokenize $150B Treasury Fund via blockchain infrastructure
BlackRock has filed with the U.S. Securities and Exchange Commission (SEC) to create a blockchain-enabled digital share class for its $150 billion Institutional U.S. Treasury Money Market Fund. The new share class, named DLT Shares, aims to implement blockchain technology for recordkeeping and real-time ownership tracking on a distributed ledger.
BlackRock launched $150B Money Market Fund | April 28, 2025 | Source: SEC.gov
According to the filing, the fund will not use blockchain for managing portfolios or holding cryptocurrencies. Instead, DLT Shares will be structured to mirror existing shares while utilizing blockchain to improve settlement transparency and reduce administrative friction. The offering will be limited to institutional investors, with a minimum investment threshold set at $3 million.
BNY Mellon has been named as the primary infrastructure partner, responsible for integrating and maintaining the blockchain-based recordkeeping system. This development marks a significant step in the financial industry’s incremental adoption of blockchain—not through digital assets, but through tokenized infrastructure that supports legacy systems.
Although the product does not involve crypto exposure, its implications for market sentiment are far-reaching. Institutional adoption of blockchain-enabled infrastructure could legitimize the broader crypto ecosystem, offering tailwinds to assets like Bitcoin through narrative alignment and technological validation.
Looking Ahead: How will Blackrock’s $150B fund impact BTC price
The short-term outlook for Bitcoin remains cautiously optimistic, contingent on a clean break above the $96,000 resistance. BlackRock’s move to incorporate blockchain in one of its largest funds is likely to resonate positively among institutional investors and digital asset stakeholders—even in the absence of direct crypto exposure.
If BTC maintains support above $94,000 and manages a high-volume breakout past $96,000, the $100,000 target could come into play in the coming weeks. In the absence of major macroeconomic shocks or regulatory headwinds, blockchain adoption by traditional finance giants like BlackRock may provide a subtle but powerful bullish undertone.
Bitcoin price traded at $94,280 at press time after printing a narrow-bodied candle, extending its consolidation just below the $95,500 resistance. Price action over the past five sessions reveals a firm ceiling just under $96,000, where sell-side pressure continues to reject upside attempts.
Notably, Bitcoin remains within the upper range of the Keltner Channel bands, with the upper envelope at $95,414 now acting as the immediate upside threshold. A breakout and close above this level could trigger fresh momentum toward the $98,000–$100,000 range.
Bitcoin price forecast today leans bullish, supported by the relative strength index (RSI), which prints at 88.35—firmly in overbought territory. Historically, an RSI above 85 reflects sustained buying interest rather than an imminent reversal, especially when accompanied by stable or rising volumes, as seen here. The RSI moving average (RSI MA) below at 76.60 offers a lagging but firm bullish signal. Volume, while modest at 185 BTC, has been consistent, showing no signs of a selloff panic.
If Bitcoin price rejects the $95,400 upper KC band again, a corrective pullback to the $90,500 midline could be on the cards.
Ethereum (ETH) is under pressure as it attempts to recover from one of its worst-performing years among major cryptocurrencies, down nearly 50% in 2025. Despite signs of improving momentum, with RSI climbing and EMA lines hinting at a potential breakout, ETH continues to lag behind competitors like Solana in multiple metrics.
The ETH/BTC ratio has plunged to multi-year lows amid heavy institutional sell-offs. As ETH approaches key resistance, the market remains divided, with bulls eyeing a breakout and skeptics questioning the chain’s long-term relevance.
Ethereum Becomes 2025’s Worst Performer Among Top 5 Cryptos
Ethereum is currently the worst-performing major crypto asset in 2025, with its price down nearly 51% year-to-date, significantly underperforming Bitcoin (-5 %), Solana (-25.5 %), BNB (-13.5 %), and even XRP, which is up 1%.
This steep underperformance has sparked growing concerns about Ethereum’s future, especially as alternative chains like Solana and Base continue to gain momentum.
Solana is now leading the sector in key on-chain metrics such as DEX volume, apps revenue, and user activity, while Base is quickly capturing developer interest.
As these competitors rise, Ethereum’s dominance is being increasingly challenged across both narrative and usage, with some analysts even suggesting that XRP’s market cap could soon surpass Ethereum’s.
Biggest Cryptos Performance in 2025. Source: Messari.
The ETH/BTC ratio has collapsed to 0.01791 — its lowest point since 2020 — highlighting the scale of Ethereum’s decline relative to Bitcoin.
Compounding the issue are Ethereum’s low staking rates and Bitcoin’s growing dominance, both of which are shifting market sentiment and capital away from ETH.
As a result, Ethereum’s position as the leading smart contract platform is being questioned more seriously than ever before.
Ethereum Shows Signs of Recovery, But Momentum Remains Capped
Ethereum’s Relative Strength Index (RSI) has climbed to 57.26, up from 42.43 just a day ago, signaling a notable uptick in short-term momentum.
The RSI is a technical indicator that measures the speed and magnitude of recent price changes to evaluate whether an asset is overbought or oversold. It ranges from 0 to 100, with values above 70 typically indicating overbought conditions and values below 30 pointing to oversold levels.
Readings between 50 and 70 usually suggest moderate bullish momentum, while those between 30 and 50 lean bearish or neutral.
With ETH’s RSI now at 57.26, the asset is in bullish-neutral territory. It shows improving momentum but is not yet strong enough to indicate overheating.
Importantly, Ethereum hasn’t seen an RSI reading above 70 since March 24 — nearly a month ago — which signals that despite the recent bounce, it hasn’t entered overbought territory or shown signs of a sustained breakout.
This suggests cautious optimism: while buyers are regaining control, Ethereum still lacks the aggressive momentum that typically drives significant price rallies. If the RSI continues to rise and breaks above 70, it could point to stronger bullish sentiment returning.
Ethereum Battles Resistance as Market Questions Its Future
Ethereum’s EMA lines are starting to show signs of a potential bullish reversal. The price is now approaching a key resistance level at $1,669. If that level breaks, Ethereum price could target $1,749 next.
With strong momentum, it may even reach $1,954 — its first time above $1,900 since April 2. Short-term EMAs are moving closer to longer-term ones, a setup that supports this bullish outlook. Rising trading volume would further strengthen the case.
A successful breakout could help restore some investor confidence amid a challenging year for ETH.
If ETH fails to maintain upward momentum, it could retest the $1,535 support zone. A breakdown below that level would shift the structure back to bearish, opening downside targets at $1,412 and potentially $1,385.
In that scenario, Ethereum’s inability to reclaim key levels could further fuel doubts about its competitive edge, especially in light of rising activity on faster and cheaper alternatives.
