XRP Traders on Edge as Sentiment Flips Between Optimism and Doubt — What Now?

April 2025 marks the launch of one of the most anticipated events in the crypto world: Gate.io’s World Crypto Trading Competition Season 7 (WCTC S7). Recognized as one of the most prestigious trading competitions globally, WCTC S7 introduces innovative formats, generous rewards, and diverse activities to offer an unparalleled trading experience for crypto enthusiasts worldwide.

Racing to the Top: Showcasing Gate.io’s Commitment to Excellence

As one of the global leaders in digital asset trading, Gate.io has demonstrated impressive growth in recent years, now boasting over 22 million registered users. Its spot and futures trading businesses rank among the Top 2 and Top 5 globally, respectively. 

With continued advancements in product experience, asset security, innovation, and global expansion, Gate.io has earned the trust of traders around the world.

In terms of brand building, Gate.io continues to make significant strides. Over the past two years, the platform has sponsored multiple international sports brands and, in 2025, officially became a sponsor of Oracle Red Bull Racing in F1. Known for its speed, technology, and pursuit of excellence, F1 shares a natural synergy with the world of crypto trading.

Inspired by this spirit, WCTC S7 adopts an F1-themed design to symbolize Gate.io’s core trading philosophy: speed, precision, and stability. F1 is more than a sport — it is a symbol of pushing limits and striving for greatness. Gate.io brings this spirit into the world of cryptocurrency trading, making WCTC S7 not just a competition, but a world-class event for global traders.

Top-Tier Competition: $5 Million Dynamic Prize Pool

Early bird registration for Gate.io WCTC S7 officially opened on April 15, with a dynamic prize pool of up to $5 million. This season features both team and individual competitions, alongside exciting events like surprise airdrops, offering participants multiple ways to engage and win. 

Competition Timeline:

• Early Bird Registration: April 15, 00:00 – April 21, 00:00 (UTC)
• Lucky Bags Rain: April 15, 00:00 – June 8, 00:00 (UTC)
• Official Registration: April 21, 00:00 – June 8, 00:00 (UTC)
• Individual Competition: May 7, 00:00 – June 8, 00:00 (UTC)
• Team Competition(First Half): May 7, 00:00 – May 23, 00:00 (UTC)
• Team Competition(Second Half): May 23, 00:00 – June 8, 00:00 (UTC)

Team Battle: Two-Stage Challenge for the Ultimate Prize

The team competition accounts for 80% of the total prize pool, with up to $4 million to be shared. It introduces a “two-stage” system, resetting performance data halfway through the competition. This allows teams to recalibrate strategies and compete for Top 20 rankings in each stage independently.

In addition, the team with the highest total trading volume will win the grand prize — a Ford Mustang GT, an iconic symbol of victory and prestige.

Individual Competition: Tiered Rewards for 1,000+ Traders

The individual competition accounts for 20% of the prize pool, offering up to $1 million in rewards. Based on cumulative trading volume, the top 300 participants will share $1 million in cash, with higher ranks earning greater rewards. Participants ranked 301–700 will receive exclusive merchandise bundles, while those ranked 701–1000 will share $20,000 worth of Futures Vouchers.

Airdrop Showers: 100% Winning Rate and Collectible Fragment Game

During the competition, participants can join airdrop events with a guaranteed 100% winning rate. Prizes include trading fee rebate vouchers, Futures Vouchers, and chances to win physical rewards through “Hourly Airdrops” and “Super Airdrops,” featuring fragments of iPhone 16 Pro Max, popular tokens, and fragments of limited-edition merchandise like jackets and co-branded insulated bottles.

Participants can also collect WCTC S7-exclusive fragments to share a $10,000 Futures Voucher Pool.

Accessible for All: Balancing Inclusivity and Exclusivity

The competition is designed for broad participation. Whether joining a team or individual contests, users can choose according to their preferences. The “every participant wins” design of the airdrop event ensures that even newcomers can easily join and win prizes, while the collectible fragment gameplay offers seasoned traders a deeper and more engaging experience.

Join WCTC S7 and Embark on Your Journey to Glory

Gate.io WCTC S7 is now underway, welcoming traders from all corners of the world. Here, you’ll compete alongside top traders globally. Here, you’ll have the chance to share in a $5 million prize pool. Here, you’ll experience an unprecedented trading extravaganza.

Whether you’re a newcomer or a seasoned trader, WCTC S7 offers the perfect stage to showcase your skills. Sign up now to be part of WCTC S7, chase your trading dreams, and embark on your journey to glory. For more details, please check the official announcement link.

Disclaimer

The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please be noted that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement.

The post Gate.io Kicks Off WCTC S7: Race for a $5 Million Prize Pool and a Ford Mustang GT appeared first on BeInCrypto.

Hedera (HBAR) is on the move, climbing more than 8% on Friday and extending its seven-day gains to an impressive 21.7%. This rally comes alongside rising momentum signals, including a surging BBTrend and an RSI that has pushed into overbought territory.

Price is also nearing a key resistance zone, backed by bullish EMA alignment that suggests the uptrend may still have room to run.

Hedera’s BBTrend Is Soaring – What Does it Mean?

Hedera’s BBTrend indicator has surged to 6.83, up sharply from just 1.5 two days ago. This jump signals a significant increase in volatility and momentum in the price action.

BBTrend, short for Bollinger Band Trend, is a metric derived from Bollinger Bands that measures the strength and direction of a trend. Values below one typically reflect a weak or flat market, while values above 3 indicate the emergence of a strong trend.

A sudden rise in BBTrend often suggests that the asset is transitioning out of a low-volatility phase and entering a more directional move.

With BBTrend now at 6.83, Hedera may be in the early stages of a strong bullish or bearish breakout. Such elevated levels suggest that volatility is expanding quickly, and price is starting to move decisively away from its recent range.

While BBTrend doesn’t indicate direction on its own, when combined with other bullish signals, like rising price or volume, it can confirm the start of a sustained uptrend.

Traders will watch closely to see if this momentum continues or fades, as a reversal from such elevated levels could also lead to sharp pullbacks.

Hedera RSI Enters Overbought Zone—What Comes Next?

Hedera’s RSI has climbed quickly to 73.93, up from 52.49 two days ago, signaling a strong burst of buying momentum. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and magnitude of price movements.

It ranges from 0 to 100, with values above 70 typically considered overbought and those below 30 seen as oversold.

An RSI rising above 70 suggests that the asset may be overheating in the short term and could be due for a cooldown or consolidation.

With RSI now well into overbought territory, Hedera may be nearing a local top—at least temporarily. While a high RSI confirms strong bullish momentum, it can also signal that buyers are becoming exhausted.

If the price continues to rise without a pause, the risk of a pullback increases.

On the other hand, sustained overbought conditions can also occur during strong uptrends, so that traders will watch closely for either continued breakout strength or signs of reversal.

Hedera Nears Breakout—But Support Levels Are Key

Hedera’s EMA lines show a bullish alignment, with short-term moving averages positioned above the long-term ones—a classic signal of upward momentum.

HBAR price is also trading near a key resistance level at $0.20, which has acted as a ceiling in recent sessions. If buyers can push the price through this zone, the next resistance levels to watch are $0.227 and $0.258.

A strong uptrend continuation could even send HBAR to $0.287, marking its first break above $0.28 since February 1.

However, traders should also monitor the downside risk. If the support at $0.179 is tested and fails, it could trigger a deeper pullback.

In that case, HBAR may slide to $0.16 and possibly $0.152, both of which have served as prior support zones.

If bearish momentum accelerates, a drop toward $0.124 isn’t out of the question, making the current levels a critical battleground for short-term direction.

The post Hedera (HBAR) Surges 8% With Momentum Indicators Flashing Bullish appeared first on BeInCrypto.

In previous years, trends in the TradFi market have caused risk-on assets like crypto to spike in Q2, especially in April. This could provide a much-needed bullish narrative for the space.

A report from QCP Capital looked at a few trends, such as the S&P 500’s performance, but Bitcoin’s price history over the last decade is the clearest market indicator.

Could Q2 2025 Be Good For Crypto?

According to a new report from QCP Capital, the crypto markets may enter a bullish period in Q2 2025. It draws this conclusion from a few sources, primarily related to the entangled nature of crypto and TradFi markets.

However, this data is corroborated by a broad spectrum of crypto-native trends.

“One of the fastest US stock downturns in recent history may well be behind us—or so JPMorgan and a growing chorus of strategists are telling their clients. Q2, and April in particular, has historically been one of the best periods for risk assets,” QCP claimed via Telegram.

With how desperate the crypto market has been for a bullish narrative, this Q2 speculation comes as a breath of fresh air. QCP pointed to recurring trends in TradFi sectors like the S&P 500, and some of these are even more pronounced in crypto.

Case in point, the price of Bitcoin is a great bellwether. Bitcoin is highly linked with the broader crypto market, and it has frequently rallied in Q2, especially in April.

For example, in 2017, Bitcoin’s price hovered around $1,000 until it broke $2,000 in mid-May, prompting a bigger rally. In 2021, a gargantuan price spike culminated in April and briefly dropped in May.

In 2024, Q2 was a significant bullish period for crypto. BTC climbed quickly after the approval of Bitcoin Spot ETFs in January, breaching $60,000 in late February and early March, setting a new all-time high by April.

At the same time, high-yield credit markets demonstrated a solid performance, with CC-rated bonds overperforming. This shows a healthy appetite for risk-on assets.

Additionally, receding tariff fears are already causing a jump in risk-on-asset performance across the board in 2025. Hopefully, this retreat will continue boosting crypto markets in Q2.

If these broader trends continue like they have in previous years, the market might enter a positive cycle in the coming months.

The post Q2 Has Been Historically Bullish for Crypto and Risk-On Assets appeared first on BeInCrypto.