As the US Senate’s failure to advance the historic stablecoin bill, the GENIUS Act, has increasingly sparked criticism, Senator Bill Hagerty fuels optimism. In a recent X post, Hagerty claims that the Senate will pass the bill by next week. “Next week, the Senate will make history when we pass the GENIUS Act that establishes the first ever pro-growth regulatory framework for payment stablecoins,” states Bill Hagerty. Will the GENIUS Act Pass Next Week? Senator Hagerty Says Yes According to Senator Bill Hagerty, a top proponent of the GENIUS Act, the US Senate is poised to pass the stablecoin bill next week. Senator Hagerty’s statement comes amid increasing uncertainty surrounding the future of stablecoins in the country. For instance, pro-XRP lawyer John Deaton raised concerns over the potential delay in the crypto reform until 2029 if the GENIUS Act stalls. Further, Bill Hagerty underscored the potential benefits of the stablecoin… Read More at Coingape.com
Crypto analyst Titan of Crypto has predicted that the Bitcoin price will hit $137,000 soon. The analyst highlighted a bullish pattern that showed the flagship crypto could hit this ambitious target.
Expert Predicts Bitcoin Price To Hit $137,000
In an X post, crypto expert Titan of Crypto predicted that the Bitcoin price could rally to $137,000. The analyst revealed that BTC had formed a bull pennant on the daily chart. He stated that the flagship crypto can reach a new all-time high (ATH) if this pattern plays out.
The accompanying chart showed that Bitcoin could rally to this $137,000 price level, which could happen between July and August. This provides an ultra bullish outlook for the flagship crypto, which continues to trade sideways.
In a more recent post, he stated that a Bitcoin bullish crossover was already happening. The expert revealed that the MACD just made a bullish cross on the 3-day chart, which suggests that a momentum shift may be underway.
The Bitcoin price had surged past the $86,000 mark following Bank of America’s prediction that there will be four Fed rate cuts this year. However, the flagship crypto sharply dropped below $85,000 following reports that the EU will likely move forward with its tariffs on US goods.
Titan of Crypto raised the possibility of BTC still rallying to $87,000. He remarked that a daily close above $85,700 would significantly increase the probability of a move to $87,000 right after.
BTC’s Bottom Almost In
In an X post, crypto analytics platform CryptoQuant suggested that the bottom might almost be in for the Bitcoin price. The platform alluded to the VIX has spiked this week, noting that this is usually when the best setups start to appear.
CryptoQuant noted that historically, elevated VIX levels often mark local bottoms in equities and crypto. However, the platform warned that can take some time to play out.
Interestingly, CryptoQuant’s CEO Ki Young Ju recently asserted that Bitcoin’s bull market is over. He explained that BTC is witnessing signifcant selling pressure at the moment, which is why large purchases like MicroStrategy’s is unable to send its price higher. Based on his theory, Ki Young Ju expects six to twelve months of bearish or sideways price action from Bitcoin.
Immutable (IMX) is up 10% today after announcing a partnership with Ubisoft. The pair is releasing a new mobile game based on the “Might and Magic” series as part of Ubisoft’s broader Web3 strategy.
Immutable is planning to expand its gaming operations after the SEC dropped an investigation against the firm last month. The company is yet to announce more details about this new project.
Ubisoft Extends Its Web3 Venture
The past few years have been financially straining for Ubisoft, one of the largest and most popular AAA studios in the gaming industry. Known for its beloved gaming series, such as Assassin’s Creed, Tom Clancy’s Rainbow Six, Far Cry, and more, the studio has been slowly expanding into the blockchain space for some time now.
Today, the studio announced a new mobile game, which both parties seem optimistic about.
“Partnering with Ubisoft is a defining landmark for Immutable. There are clear synergies between Immutable Passport, Immutable Play, and Ubisoft Connect. By bringing these together into a combined offering for Might and Magic Fates players, we’re hoping to smoothly onboard into the Immutable ecosystem the 138+ million Ubisoft Connect users,” said Justin Hulog, Immutable’s Chief Studio Officer.
Earlier this year, Ubisoft was on the brink of fiscal insolvency. Unsuccessful gaming titles and a lack of sales almost paralyzed the company. The gaming community has constantly criticized the studio for forcing microtransactions without prioritizing gameplay.
However, the success of its latest release, Assassin’s Creed: Shadows, helped Ubisoft somewhat recover. Yet, the company still needs additional revenue streams to regain forward momentum.
For Ubisoft, a partnership with Immutable might provide the key. Blockchain gaming fell slightly in Q1 2025, but it started the year in an inflated market.
That said, the press release is very light on details about the actual game and the specific Web3 connection. Ubisoft’s announcement calls Might and Magic “one of the strongest IPs in gaming” but doesn’t mention Immutable’s role in the project.
The new title is set to be a card-based game with potential crypto-backed rewards. More details are expected in the coming days.
Cardano (ADA) has recently shown a modest recovery, riding the wave of broader market bullishness, which has brought its price back above $0.70.
This uptick has sparked renewed optimism among investors, and if the bullish momentum continues, Cardano could see a breakout above $0.80, potentially marking a significant shift in its price trajectory.
Cardano Could End Its Bearishness
Cardano’s technical indicators have recently shown signs of a potential turnaround, especially after a Death Cross formation. Sixteen days ago, the 200-day Exponential Moving Average (EMA) crossed below the 50-day EMA, signaling a bearish trend. This is known as a Death Cross, often seen as a negative signal in technical analysis.
However, the recent recovery above $0.70 and sustained bullish momentum could see ADA rise above $0.80. Should this reversal happen before April begins, it would mark the shortest Death Cross in Cardano’s history. It would be a sharp contrast to the previous 56-day span from March to May 2020.
On the macro level, Cardano’s bullish momentum is supported by a variety of technical indicators, especially the Relative Strength Index (RSI). Currently above the neutral line at 50.0, the RSI is at a 7-week high, signaling growing investor confidence and increasing buying pressure. The RSI’s upward momentum highlights the market’s positive outlook on ADA, suggesting that Cardano is gaining traction after a period of relative stagnation.
With a strong RSI reading, ADA appears to be benefiting from a resurgence of investor interest, which may help sustain the altcoin’s price gains in the short term. If the bullish momentum continues, Cardano could potentially see significant price increases, pushing it toward new resistance levels and offering an opportunity for profitable trades.
Cardano’s price is currently trading at $0.70, marking a 13% increase in the last 24 hours. If this bullish trend continues, ADA will likely encounter resistance around $0.77. Historically, the $0.70 to $0.77 range has been a consolidation zone. A successful breach of $0.77 would signal a further move towards $0.85.
A breach of $0.77 would reinforce Cardano’s upward momentum, potentially driving its price even higher. Furthermore, a breakout above $0.80 would suggest that Cardano is ready to resume its longer-term bullish trend.
However, the bullish outlook will be invalidated if Cardano fails to maintain its current price levels. If ADA falls back below $0.70 and slips to $0.63, it could erase the recent gains and lead to further declines. In this case, the positive momentum would be considered short-lived, and the bearish trend could be reinforced.
