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Bitcoin is showing a price structure that resembles the market conditions leading up to the 2021 crash. Prominent trader Peter Brandt has pointed out that fundamentals often appear strongest at market tops. His comments come as analysts debate whether a Bitcoin crash is repeating a similar pattern from the past. This all happens while there
The post Veteran Trader Peter Brandt Warns of Bitcoin Crash Amid Bullish Forecasts appeared first on CoinGape.
The crypto market has been fluctuating between bullish and bearish sentiment throughout the past week. As July draws to a close, a clear trend remains elusive. While some altcoins struggle to gain traction, others are already reaching new all-time highs.
BeInCrypto has analysed three such altcoins that could reach a new all-time high in the coming days.
SKY is currently trading at $0.0994, just 6% away from its all-time high (ATH) of $0.1054. Investors have been eagerly awaiting this level for over seven months. The altcoin is showing signs of upward momentum, with the ATH now within reach if current trends continue.
The broader market’s bullish sentiment supports the expectation that SKY could soon reach its ATH. If the altcoin can successfully flip $0.1000 into a strong support level, it will likely surge to the ATH of $0.1054 and potentially exceed this price, further fueling investor optimism.
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On the other hand, if investors begin to cash in on their gains, SKY could face selling pressure. This may lead to a pullback towards $0.0920. If the support at this level fails to hold, it would invalidate the bullish outlook, potentially triggering a deeper decline.
HYPE has shown some stability in recent days after a decline to $42. The altcoin is currently trading at $44, which leaves it approximately 12% away from its all-time high (ATH) of $49. This recovery signals a potential for growth if the broader market remains favorable.
For HYPE to reach its ATH, it must first flip $46 into a strong support level. The performance of the broader market will play a crucial role in this. If HYPE can maintain upward momentum and secure $46, a rise to the ATH is within reach.
However, if HYPE fails to secure $46 and faces selling pressure, it could slip back to the support at $42 or lower. Such a drop would invalidate any bullish outlook for the altcoin and could lead to a further decline in price.
SAROS price is currently at $0.357, showing upward momentum after bouncing off the support at $0.341. The altcoin is roughly 20% away from its all-time high (ATH) of $0.427. This suggests that SAROS has the potential for further gains if the current trend continues.
During uptrends, SAROS has historically risen by 10-12% within a day. Given the current market conditions, if SAROS can secure $0.399 as support, the altcoin could likely reach its ATH of $0.427.
However, if selling pressure intensifies and SAROS falls below the support at $0.341, the price could drop to $0.293. Such a decline would invalidate the bullish thesis and suggest a deeper downtrend, reversing recent gains.
The post 3 Altcoins That Could Hit All-Time Highs in The Final Week Of July 2025 appeared first on BeInCrypto.
Ethereum (ETH) price at $1,805 shows resilience above the $1,800 mark despite the sudden shakeout in the crypto market. With short-term bullish resilience, the upcoming Pectra upgrade is expected to boost the ETH market price with multiple changes in the ETH mainnet, leading to increased scalability and additional features.
The biggest altcoin is likely to witness a major turnaround. Will the new upgrade in ETH result in a price surge to the $2,000 mark?
In the 4-hour price chart, the Ethereum price trend showcases a sideways movement above the $1,755 mark. This crucial zone marks a high-demand area extending between $1,754 and $1,765.
Providing multiple bouncebacks, the high-demand area and the 200 EMA line hold the Ethereum price uptrend. Currently, the Ethereum sideways movement marks a consolidation range with the upper ceiling near $1,855.
As the ETH price holds above $1,800 after a prevailing recovery, the 100 and 200 EMA lines are on the verge of giving a positive crossover. However, the RSI indicator reflects a loss of momentum as the consolidation range grows.
Currently, the 4-hour RSI line struggles to overcome the halfway line. Based on the Fibonacci levels, a bullish breakout of the upper ceiling at $1,855 will likely test the 78.60% Fibonacci level near $1,949.
As Ethereum holds its ground near $1,800, the in/out of the money around price indicator from IntotheBlock reflects a strong resistance ahead. The initial supply zone extends from $1,805 to $1,857, holding a total volume of 5.85 million ETH in 4.48 million addresses.
This is significantly larger compared to the nearest demand zone, extending from $1,748 to $1,800, holding a total volume of 2.29 million ETH within 3.46 million addresses.
However, considering the short-term spike in Ethereum exceeds the overhead supply zone, the Ethereum price could witness a smoother sale towards the $2,000 mark. This is due to the short-term supply zones ahead holding a significantly lesser supply.
As Ethereum hangs close to a crucial support, the spot volume is on a cooldown stage. As per the on-chain analyst DarkFost, this sudden slowdown in the Ethereum spot volume could actually be a good signal for a potential bullish recovery.
Based on the Ethereum spot volume bubble map by CryptoQuant, the analyst highlights the sudden drop in the spot volume, meaning the bigger the bubble, the higher the volume. Similarly, the change in the spot volume is denoted by the color of each bubble.
Currently, the sudden cool-off in the spot volume aligns with the prevailing correction in the Ethereum price trend. Witnessing a volume decline as the asset price declines could help reduce volatility under such conditions. This could also potentially reflect the slowdown in the selling pressure.
However, the analyst warns that the slowdown in the selling pressure does not mean the bottom is in.
The upcoming Pectra upgrade in Ethereum is likely to bring multiple key refinements to the mainnet. As per a recent tweet by Nansen AI, the key changes include the validator’s consolidation, reaching a 2,048 ETH market cap from the previous 32 ETH limit.
Furthermore, the Layer 2s can get cheaper, as blobs per block grow by 100% from 3 blobs to 6 blobs. Additionally, the EIP-7702 will bring temporary smart contract functionality to Ethereum wallets.
Overall, the key functionality brings faster staking, lower Layer 2 transaction fees, smarter wallets, and the Pectra Upgrade. These key upgrades will bring higher yields for stakers with easier operation.
Furthermore, roll-ups like Optimism and ZK-Sync will benefit from the cheaper data posting, with the increase in blobs per block. Decentralized applications (dApps) on the Ethereum ecosystem will be able to process batch transactions as gas sponsorships become easier.
Despite multiple upgrades, there are potential risks involved in the Pectra upgrade. Such as the validator’s consolidation could increase the risk of centralization on the Ethereum mainnet. Furthermore, the reliance of dApps on call data could increase transaction costs.
Finally, the growth of the smart wallet with the upgrade of EIP-7702 depends on the developers’ adoption. Nevertheless, the upcoming launch of Pectra upgrade shows potential to result in a massive Ethereum price surge.
With the Pectra upgrade scheduled on May 7 at 3.05 am PT, Coinbase has announced a temporary pause of Ethereum deposits and withdrawals. This is to ensure the safety of the user’s funds. The temporary pause will extend from 2.50 am to 3.45 am PT.
Additionally, the initiation of new staking requests during this cool-off period will be delayed until 3.45 am PT. However, no existing stake positions will be impacted.
The post Ethereum Price Holds $1,800 Ahead of Pectra Upgrade: Is a Bull Run Loading? appeared first on CoinGape.
On March 20, 2025, an important meeting took place between David Sacks, the US Special Advisor on AI and Crypto, and Sheikh Tahnoon Bin Zayed Al Nahyan, the Chairman of Abu Dhabi’s investment fund MGX.
This meeting marked significant progress in technological cooperation between the US and the UAE and created new opportunities in artificial intelligence (AI) and cryptocurrency.
Sheikh Tahnoon is a powerful figure in the UAE. He is the brother of the UAE President and serves as the country’s National Security Advisor. He also chairs MGX, an investment fund established in 2024 to promote AI and blockchain technologies.
In a post on X (formerly Twitter), Sheikh Tahnoon stated that he and David Sacks discussed AI development, the role of digital currencies, and investment opportunities.
“I explored with David Sacks, the Special Advisor on AI and Crypto, the transformative effects of artificial intelligence across various sectors, the expanding role of digital currencies in reshaping financial systems, and the investment opportunities emerging at their convergence,” Sheikh Tahnoon said.
This meeting took place just one week after MGX announced a $2 billion investment in Binance, the world’s largest cryptocurrency exchange. Notably, MGX conducted this investment using stablecoins, making it the largest crypto-based investment transaction ever.
Under Sheikh Tahnoon’s leadership, MGX is emerging as a major AI investor with allocations across various AI sectors. According to The Wall Street Journal, MGX is expected to receive over $50 billion from Sheikh Tahnoon’s personal assets and other sources in Abu Dhabi.
Additionally, MGX is one of the key backers of Stargate, a $100 billion data center project led by SoftBank and OpenAI, announced at the White House. The fund has also invested in OpenAI, Elon Musk’s xAI, and Amazon-backed Anthropic.
This meeting was part of a broader series of diplomatic engagements between the US and the UAE. On March 18, President Trump announced on TruthSocial that he had hosted Sheikh Tahnoon for dinner at the White House. They discussed economic and technological cooperation.
“Discussions also included ways for our countries to increase our partnership for the advancing of our economic and technological futures,” President Trump stated.
Additionally, reports have recently surfaced suggesting that the Trump family is negotiating to acquire a stake in Binance.US. However, CZ, the former Binance CEO, has denied these claims. Meanwhile, World Liberty Financial, a DeFi project linked to the Trump family, has been continuously investing in projects like Avalanche, Mantle, Sui Blockchain, and Movement.
The post AI, Crypto, and Investments—All About David Sacks’ Meeting with UAE’s Sheikh Tahnoon appeared first on BeInCrypto.