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  • Euler price soars 27%, eyes new ATH as EulerSwap volume surges

    Euler price soars 27%, eyes new ATH as EulerSwap volume surges

    Euler price jumped 27% on Friday

    • Euler Finance price up 27% in 24 hours as daily volume spikes 236%.
    • Bulls could eye a new all-time high, with EUL price currently hitting $11.
    • Gains have come amid a surge in EulerSwap volume.

    Euler (EUL), the native token of the Euler Finance ecosystem, has risen by 27% within the past 24 hours.

    This uptick coincides with an explosive increase in trading volume on EulerSwap, the platform’s decentralized exchange, which has recorded a cumulative volume of $230 million in just three weeks despite remaining in beta.

    Notably, EUL’s gains see it hover above $11 and bulls could have their sights on a new all-time high (ATH) as the token’s momentum continues to build.

    Euler price skyrockets as bulls eye new all-time high

    The Euler Finance token has experienced a significant 27% price increase over the last 24 hours, propelling its value to above $11.

    Indeed, market data shows the token jumped to an intraday high of $11.05 at the time of writing.

    Euler’s price surge has been accompanied by a staggering 236% rise in daily trading volume, which hit $2.65 million to signal fresh market interest and liquidity.

    Gains mean that at current levels, EUL is trading just 14% below its previous ATH of $12.97.

    The token reached this peak in 2022.

    If bulls sustain the upside momentum, Euler could explode past the $12.97 resistance level to behold price discovery mode.

    Euler price chart by CoinMarketCap

    Why is the price of Euler up today?

    Euler’s upward momentum is tied to heightened activity on EulerSwap, which has demonstrated impressive growth since its launch.

    The platform’s ability to handle substantial trading volumes while still in beta has bolstered confidence among investors, with many anticipating a potential breakout to new highs in the near term.

    On June 26, 2025, Euler Labs highlighted the success of EulerSwap, noting it had achieved over $230 million in cumulative trading volume in just three weeks.

    This came as Euler Labs detailed enhancements to the EulerSwap interface and upcoming features.

    Euler Labs introduced EulerSwap in late May, noting the smarter DEX unifies trading, lending and borrowing.

    “EulerSwap integrates Uniswap v4 directly with Euler lending vaults in order to tackle inefficiencies like idle capital, lack of collateral utility, and costly rebalancing,” it noted.

    Notably, Euler’s integration with Arbitrum is key to tapping into an ecosystem boasting rapid adoption in the DeFi market.

    As the Euler Super App lands on Arbitrum, users can lend, borrow, and loop multiple tokens, including ARB, USDC and USDT0. Also supported are the wrapped tokens of Ethereum and Bitcoin – WETH, wstETH, weETH and WBTC.

    The 27% surge in Euler’s price also aligns with overall bullish sentiment across altcoins, with several small caps rising as investors position amid broader accumulation.
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  • XRP eyes fresh gains as Bitcoin correlation hits 0.91, RSI turns bullish

    XRP eyes fresh gains as Bitcoin correlation hits 0.91, RSI turns bullish

    • RSI remains above 50, indicating bullish momentum.
    • Resistance targets include $2.38 and $2.50.
    • A drop below $2.20 could invalidate the current rally.

    XRP appears to be aligning itself closely with Bitcoin’s performance, as fresh data shows a 0.91 correlation between the two cryptocurrencies.

    With Bitcoin hovering near $110,000, this unusually tight relationship is strengthening the case for a potential price surge in XRP.

    Technical indicators like the Relative Strength Index (RSI) also suggest a build-up of buying pressure.

    As broader market momentum improves, XRP’s price action is increasingly seen as part of a larger bullish wave across the crypto space, raising the possibility of a breakout beyond its current range.

    Strong Bitcoin correlation boosts XRP

    XRP’s 0.91 correlation with Bitcoin highlights a clear pattern: the altcoin tends to rally when Bitcoin moves upward.

    This current high correlation is particularly significant, given Bitcoin’s attempt to breach its previous all-time highs.

    Historically, XRP has often mirrored Bitcoin’s trends, especially during strong bull cycles.

    When the correlation weakens, XRP usually underperforms, but with the metric climbing again, traders are taking this as a potential bullish signal.

    Bitcoin’s recent stability near the $110,000 mark is reinforcing this sentiment.

    Market watchers note that when BTC remains strong at key levels, altcoins like XRP typically gain in both price and volume.

    This is setting the stage for XRP to maintain upward momentum in the near term, especially if Bitcoin continues to test resistance levels above $110,000.

    RSI supports a bullish trend for XRP

    One of the key indicators showing positive momentum for XRP is the Relative Strength Index (RSI), which currently remains above the neutral 50 mark.

    This signals an increase in buying activity, with bulls maintaining control over the asset.

    If the RSI continues in this direction, XRP could build up the strength needed to challenge higher resistance zones.

    Momentum-based traders are likely to keep a close eye on this trend.

    With the RSI staying above the halfway line, it reflects sustained interest in the token from both retail and institutional players.

    The technical structure now favours buyers, as the RSI has consistently held in the bullish range for several days.

    This upward pressure could catalyse a fresh move in the altcoin’s price.

    XRP stabilises above support, targets new resistance

    XRP is currently trading at $2.33. The altcoin has managed to hold above the $2.27 support level, a crucial zone for maintaining its bullish setup.

    XRP price
    Source: CoinMarketCap

    Should XRP continue to hold this level, the next target would be the $2.38 resistance, which has previously acted as a strong ceiling.

    A break above $2.38 and a successful retest as support could propel XRP towards $2.50, a level that would reinforce its bullish momentum.

    However, a failure to defend $2.27 could open the door to short-term weakness.

    Key downside targets include $2.20 and $2.13, with a move below these levels risking a complete invalidation of the recent uptrend.
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  • BPEP gains steam as Eric Trump eyes cheap BTC to rival Saylor

    BPEP gains steam as Eric Trump eyes cheap BTC to rival Saylor

    Bitcoin Pepe (BPEP) presale nears target as the US and China resume trade negotiations

    With top US crypto investors gearing up for a further push into Bitcoin, the future of the top crypto infrastructure remains lucrative.

    Institutional players are increasingly exploring Bitcoin amid the shifting financial landscape.

    Michael Saylor’s Strategy has been purchasing BTC since 2020 with no plans to sell.

    Meanwhile, Eric Trump’s American Bitcoin confirmed plans to hunt low-cost BTC mining to match Saylor’s Strategy.

    While institutions make moves, Bitcoin Pepe (BPEP), introducing the world’s first-of-a-kind meme ICO on BTC, offers all interested investors a chance to tap BTC’s potential growth.

    The new project gains traction ahead of its 31 May listing, with close to $8.5 million raised so far.

    Bitcoin Pepe's Presale Details

    Eric Trump to rival Saylor’s BTC accumulation

    Bitcoin Pepe’s buzz comes as the crypto space sees attention from big names in the United States.

    American Bitcoin’s co-founder Eric Trump has revealed that his firm plans to explore cheap BTC mining as a long-term accumulation approach.

    He admitted that Michael Saylor’s Strategy is winning the Bitcoin accumulation game.

    However, Trump affirmed that American Bitcoin will eventually become the largest BTC holder globally.

    The competitive accumulation narrative bodes well with Bitcoin Pepe, which aims to unleash BTC’s dormant $2 trillion into the meme sector.

    As institutional participants flood into the leading crypto by value, layer 2 Bitcoin Pepe allows retail players to leverage the anticipated BTC growth.

    Should you invest in Bitcoin Pepe?

    BPEP might be a perfect investment for digital asset enthusiasts looking to capitalize on Bitcoin’s potential and robustness.

    Moreover, the advanced token offers a cost-friendly entry into the crypto world.

    While you may need over $100K to purchase one BTC, Bitcoin Pepe is currently available at $0.0326 per token.

    Moreover, its presale is selling out as investors rush to grab BPEP tokens before the 31 May closing.

    The new meme crypto looks to enrich the Bitcoin ecosystem through Solana-like features.

    Supported by a fully doxxed team and audited smart contracts, BPEP introduces a never-seen-before meme experience on the bellwether digital asset.

    It’s more than your usual sit-and-hold asset, the Bitcoin Pepe network promises passive income by simply participating.

    You can put your BPEP coins to work and receive lucrative returns while navigating the first meme layer 2 on the Bitcoin ecosystem.

    That matches the growing staking narrative, which remains absent in the top crypto.

    For instance, chains like Solana and Ethereum have multiple ways to earn passive income.

    BPEP wants to introduce such possibilities on Bitcoin and with style.

    Its transparency, audited architecture, and security might attract top exchange listings after the 31 May listing.

    With institutions looking for cheap ways to join the Bitcoin movement, BPEP presents a perfect alternative to individual investors.

    You can learn more about Bitcoin Pepe through their official website.

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  • Top cryptos to buy as Ukraine eyes Bitcoin

    Top cryptos to buy as Ukraine eyes Bitcoin

    • Ukraine lawmaker to introduce a bill on strategic Bitcoin reserve
    • Analyst says crypto growth opportunity greatly underestimated
    • Bitcoin Pepe soars as investors look for other opportunities

    Ukraine is looking to join the global race towards a strategic Bitcoin reserve, according to a local report citing Ukrainian member of parliament Yaroslav Zhelezniak.

    When introduced, the proposal will seek to establish a Bitcoin reserve with help from global crypto exchange Binance.

    The country’s move comes as the crypto market gets massive traction, with Bitcoin exploding to above $100k again to return bullish belief to the market.

    With geopolitical and global trade tensions cooling off significantly, analysts are calling for new momentum for risk assets.

    Bitcoin and Ethereum, the top two coins by market cap, sit at the top of the narrative.

    This is as investors, buoyed by overall sentiment and regulatory developments in the United States, eye what crypto may be a great buy today.

    A market free of the uncertainty of tariffs and regulations has risk appetite back and Anthony Scarammucci, it may yet be too early for investors.

    Binance backs initiative

    Local reports on Thursday are that Ukraine is eyeing a key proposal that would allow for the creation of a national Bitcoin reserve.

    Binance, which is a major player in the crypto space, will back this strategic Bitcoin reserve.

    While a bill to this effect is yet to make it to the floor of Ukraine’s parliament, its introduction, expected to be soon, will add a new dimension to something that’s already a global trend-  Bitcoin adoption.

    Yaroslav Zhelezniak says the initiative will exclusively be on the hodling of Bitcoin – not a crypto reserve.

    But more importantly, Ukraine could become the first European country to create a SBR.

    But the bill, if passed, has more than a state-owned BTC reserve in place.

    It speaks to a shift that points to regulator clarity.

    This same outlook is getting traction across the US and in other countries. Notable developments have included reports of strategic Bitcoin reserve proposals in Brazil, Russia, Taiwan and Sweden among others.

    Bitcoin and the crypto market: Is it too early to buy?

    The trend, combined with Binance’s growing footprint as a crypto partner for several countries including Kyrgyzstan and Pakistan, augurs well for cryptocurrency as a whole.

    Governments focused on regulatory clarity is why some analysts say its early for investors.

    Scaramucci commented on the impact of such an outlook for Solana and Bitcoin while at Consensus 2025. He says the market may not be “bullish enough”on Bitcoin and Solana.

    According to the Skybridge Capital founder, crypto is on the cusp of exposive investment.

    BTC and SOL stand out, with factors such as capital inflows from Wall Street key.

    Exchange-traded funds (ETFs) that have attracted billions of dollars in inflows sets the bullish tone.

    In Scaramucci’s view, crypto’s growth potential may well be massively underestimated. Whales scooping up millions of coins at recent lows highlight this outlook.

    Bitcoin Pepe soars as investors look for other opportunities

    While countries hone in on national strategic Bitcoin reserves, Interest in crypto goes beyond BTC and ETH.

    The $3 trillion market has major altcoins such as Solana, XRP and Cardano that continue to attract noticeable attention.

    However, interest in new tokens like Bitcoin Pepe is massive due to the potential for turning early bids into staggering returns.

    Investors looking for the next gem leverage predictions for memecoins, decentralized finance, real-world assets, AI and decentralized physical infrastructure.

    Bitcoin Pepe, a project set to bring memecoins to Bitcoin’s $2 trillion market, has accelerated through a presale that so far boasts more than $8.2 million raised.

    As a layer 2 meme for BTC, Bitcoin Pepe has another key feature – it boasts the speed and low fees of Solana.

    In just over two weeks, the Bitcoin Pepe token BPEP will launch on its first crypto exchanges.

    While it may not land on Binance right away, the potential for traction means it will end up on most major exchanges.

    Currently, Bitcoin Pepe’s presale price is $0.0326.

    With the broader risk asset market on track for a new leg up, BPEP could be one of the best coins to buy today. Its presale end on May 31, 2025.

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  • Taiwan eyes Bitcoin as hedge against inflation and US Treasury exposure

    Taiwan eyes Bitcoin as hedge against inflation and US Treasury exposure

    Taiwan eyes Bitcoin as hedge against inflation and US Treasury exposure

    • Lawmaker Ko Ju-Chun suggests adding Bitcoin to national reserves.
    • Taiwan has 423 metric tons of gold in its asset base.
    • New Hampshire in the US passed a law to include Bitcoin in state reserves.

    Taiwan is considering a significant policy shift—one that could see Bitcoin join its national reserves.

    Faced with inflationary pressure, global trade tension, and increasing reliance on US Treasury bonds, the country is now questioning whether its financial buffers are truly secure.

    Legislator Ko Ju-Chun recently proposed the inclusion of Bitcoin in the central bank’s reserve mix, citing its decentralised nature and fixed supply as a strategic hedge against future financial instability.

    The proposal reflects a broader reassessment of traditional reserve assets, especially as over 90% of Taiwan’s US$577 billion in foreign exchange reserves are currently tied to US Treasuries, raising concerns about diversification and liquidity during crises.

    Rising currency risks and dependency on US Treasuries

    Taiwan’s export-led economy is particularly sensitive to geopolitical shifts and inflation trends.

    With growing tensions between the US and China and the risk of supply chain disruptions, lawmakers are increasingly alert to the vulnerabilities of the New Taiwan Dollar (NTD).

    Currently, Taiwan holds 423 metric tons of gold and nearly all its foreign exchange in US dollar-denominated assets.

    Analysts note that while these have been historically reliable, their over-concentration exposes the country to US monetary policy and potential sanctions should relations deteriorate.

    In an address to parliament, Ko Ju-Chun highlighted that Taiwan needs “strategic flexibility” in how it manages its reserves, especially under scenarios of financial decoupling or restricted access to dollar markets.

    Bitcoin floated as a hedge, not a replacement

    The core of the proposal is not to upend Taiwan’s current reserve strategy but to diversify it.

    Ko’s plan calls for allocating a small percentage of Taiwan’s reserves to Bitcoin, which he argues would provide an uncorrelated asset that is globally accessible and cannot be arbitrarily inflated.

    Bitcoin’s fixed supply of 21 million tokens, combined with its decentralised ledger system, is a key reason why it is being considered.

    According to Professor Liu Yiru of National Taiwan University, these features make it particularly resistant to inflationary dilution—unlike fiat currencies, which central banks can expand during economic shocks.

    Former Premier Chen Cong also weighed in, stating that although Bitcoin may not serve as a transactional currency at scale, its role as a digital store of value could help safeguard Taiwan’s financial sovereignty.

    Global momentum for Bitcoin reserves

    Taiwan’s deliberation comes at a time when other governments are also experimenting with Bitcoin at the state level.

    In the US, New Hampshire recently passed the Bitcoin Reserve Act, allowing the inclusion of the digital asset in its state reserves.

    The move has prompted discussions in other American states and emerging markets facing high inflation or currency instability.

    While Taiwan has yet to formalise any such measure, the conversation signals a shift in how policymakers view crypto-assets, not merely as speculative investments but as potential components of national financial infrastructure.

    In addition to legislative interest, Ko suggested that a task force be set up to study the feasibility, volatility, and custodial risks associated with Bitcoin reserves.

    The central bank has not publicly responded to the proposal, though it is expected to be discussed further in upcoming budget and monetary policy reviews.

    The broader context of these debates also includes Taiwan’s need to balance its strong technological sector with the risks posed by its geopolitical location.

    Diversifying reserve assets may serve not only economic goals but also broader strategic autonomy.

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  • XRP up, Bitcoin Pepe eyes 300% on Fed boost

    XRP up, Bitcoin Pepe eyes 300% on Fed boost

    XRP price jumps on Bitcoin breakout and Fed pause as Bitcoin Pepe eyes 300% gains

    • XRP price is rising following Bitcoin’s breakout past $100K, with the SEC settlement boosting the outlook.
    • Bitcoin Pepe combines Bitcoin’s security with Solana’s speed for meme trading.
    • Bitcoin Pepe’s presale offers up to 300% gains for early participants.

    The cryptocurrency market is buzzing with excitement due to Bitcoin’s recent breakout above $100,000 and the Federal Reserve’s decision to pause interest rate hikes, which has paved the way for altcoins like XRP to see significant price jumps.

    At the same time, a new project, Bitcoin Pepe, is capturing attention with its potential for up to 300% gains as it nears its launch.

    XRP price soars as Bitcoin breaks out above 100,000

    XRP, the native token of the Ripple network, has seen its price soar by over 6% in just the past 24 hours.

    This rally is fueled by Bitcoin’s climb past the $100,000 mark, lifting the broader altcoin market as the Federal Reserve’s pause on interest rate hikes also boosts investor confidence in risk assets like cryptocurrencies.

    Another major catalyst for XRP is the news of a potential settlement in the SEC’s lawsuit against Ripple Labs.

    The SEC’s proposed $50 million settlement is a fraction of the original $2 billion demand, signalling a positive turn for XRP.

    These developments have played a vital role in pushing XRP’s price past a critical resistance level at $2.26.

    The trading volume has also spiked, reflecting strong buying interest and market support for the current upward trend.

    With the SEC case nearing resolution and a bullish crypto market, XRP’s outlook is increasingly optimistic.

    Crypto analyst Ali Martinez predicts that a close above this level could send XRP toward $2.6.

    Bitcoin pepe eyes 300% gains as Presale gains momentum

    As XRP positions itself for what could be a major Bull Run, Bitcoin Pepe, a new layer 2 solution on the Bitcoin network, is generating hype with its bold vision.

    Bitcoin Pepe aims to merge Solana’s speed and low fees with Bitcoin’s unmatched security and permanence.

    This fusion could transform meme coin trading and draw huge interest to the Bitcoin ecosystem.

    Bitcoin Pepe introduces a new token standard referred to as the PEP-20 token standard, which aims to allow anyone to create assets natively on Bitcoin, sparking potential for a meme coin boom.

    Bitcoin Pepe is currently in its presale phase, and it has already raised over $7.7 million, showing strong investor enthusiasm.

    Structured in 30 stages, each presale stage increases the token price by 5%, rewarding early buyers.

    Those who bought in at $0.021 in the first stage could see over 300% gains by the time of launch, which is anticipated to happen in Q2 2025.

    While the price has climbed by 47.61% to the current price of $0.031, investors can still capitalise on the rising presale prices in the remaining presale stages.

    Post-presale, Bitcoin Pepe is poised to become the go-to platform for Bitcoin-based meme trading, which could propel the price of the BPEP token even higher.

    Also, once the Bitcoin Pepe platform officially launches, it will feature a staking program with staking pools offering token holders passive income of up to 10,000% APY.

    With Bitcoin’s breakout and the Fed’s stance fueling altcoin interest, Bitcoin Pepe is poised for big potential gains post-listing, offering a fresh, high-growth opportunity in the evolving crypto landscape.

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  • Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery

    Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery

    Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery

    • Ichimoku and RSI indicators show no bullish momentum.
    • The coming days could determine whether DOGE stages a recovery or slides into a deeper correction.
    • DOGE lags behind Bitcoin and Ethereum amid broader altcoin pullback.

    Dogecoin is navigating a volatile phase as its price hovers just above key support levels.

    After hitting a local high near $0.2, DOGE has trended downward, raising fresh doubts about the memecoin’s strength in the current market.

    While leading cryptocurrencies like Bitcoin and Ethereum continue to consolidate, Dogecoin has struggled to maintain momentum.

    The asset risks erasing nearly all gains from the past 30 days unless it can break through critical technical barriers and absorb significant short liquidations, estimated to exceed $500 million.

    The coming days could determine whether DOGE stages a recovery or slides into a deeper correction.

    $0.165 zone is critical

    The Dogecoin price has hovered near a key liquidation zone at $0.165, where leverage from traders has accumulated above $500 million. This threshold is seen as a pivotal point for a potential short squeeze.

    Source: CoinMarketCap

    To break higher, the price may need to dip below this level to trigger liquidations, potentially forcing out short positions.

    Such a move could clear the way for a stronger rebound and extend the upward trend.

    This could allow bulls to target a return to $0.18 and eventually retest $0.2.

    Technical signals remain weak

    Technically, Dogecoin’s outlook remains weak. After failing to stay above its ascending trend line, DOGE has experienced sustained downward pressure.

    The Ichimoku cloud’s conversion line is acting as stiff resistance, and there’s no indication yet of a bullish crossover.

    Meanwhile, the Stochastic RSI has reversed after testing average levels, underscoring the growing influence of bearish sentiment.

    DOGE is expected to test support at $0.162, a level below the $0.164 liquidation zone.

    However, failure to hold this support could deepen the drawdown and prompt traders to reassess the memecoin’s long-term viability.

    $0.2 in 2025?

    While Dogecoin reached as high as $0.2 earlier this year, the question now is whether it can sustain such levels or rise further in 2025.

    For this to happen, the token must establish consistent upward momentum, clear resistance levels, and attract renewed investor interest.

    This appears challenging given its current technical weakness and absence of strong bullish signals.

    Still, market volatility could favour sharp movements in either direction. If the expected short squeeze plays out after testing $0.162 support, DOGE may rally back towards $0.18 and $0.2.

    But unless broader market conditions improve and sentiment shifts decisively, reaching the $0.5 mark in 2025 appears increasingly unlikely based on current data.

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  • AVAX eyes $40 after key level retest

    AVAX eyes $40 after key level retest

    • Avalanche (AVAX) recently shattered a significant resistance level, rising to highs of $23.
    • The retreat from the barrier that had previously capped its upward momentum might offer bears some hope.
    • But could bulls maintain the pressure and target the key hurdle of $40 next?

    Avalanche’s recent price action follows a period of consolidation. While optimism remains, the AVAX token has dipped to near support with price around $21.

    Notably, AVAX traded in a tight range between $18 and $20.50 after bouncing off lows of $14.5 seen earlier in the month.

    The breakout to above $23 came amid Bitcoin’s spike to $94k, aligning with broader market performance. Upside momentum completed a significant recovery and formation of a potential cup and handle pattern.

    Buyer action has been accompanied by a surge in trading volume, signaling strong upward interest.

    Potential upside drivers of Avalanche price

    Market sentiment is buoyed by Avalanche’s robust fundamentals and a return to the spotlight for decentralized finance (DeFi) and gaming tokens. The Avalanche ecosystem has benefitted from this, including recent partnerships.

    Spot crypto exchange-traded fund applications and offering of other institution-focused AVAX products has bolstered the native Avalanche token. The US Securities and Exchange Commission has added to the excitement by acknowledging VanEck’s filing for a spot AVAX ETF.

    These developments provide a strong backdrop for AVAX’s price gains, as the network’s utility and scalability remain competitive in the layer-1 blockchain space.

    On-chain data provides further insight. Whale activity has increased, with large transactions spiking over the past week, suggesting accumulation by major holders. Meanwhile, the number of active addresses on the Avalanche network has risen by 15% in the last month.

    A surge above $20 could see AVAX return to above $28 and target a nearly 100% spike to above $40.

    Technical picture for AVAX price

    Bulls have to offer sustained buying pressure to break past key levels.

    Technical indicators are however bullish. The Relative Strength Index (RSI) is approaching 60, indicating growing momentum without entering overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, further supporting the case for continued upward movement.

    AVAX chart by TradingView

    However, challenges remain. The $23 and $28 levels, the latter coinciding with the 200-day moving average, could be a formidable resistance area.

    Avalanche’s breakout above $23 marks a pivotal moment, with technicals and fundamentals aligning for a potential rally to $40.

    While risks persist, the combination of strong network growth, bullish indicators, and increased on-chain activity positions AVAX for further gains, provided it can overcome the next resistance hurdle.

    Weakness to $20 could see AVAX price revisit the recent lows of $14.

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  • Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    • Bitcoin surged past $87,700, fueled by a weakening US dollar and potential US Treasury buybacks.
    • Arthur Hayes predicts Treasury buybacks could be a “bazooka,” pushing BTC past $100K (“last chance” below).
    • Weak dollar (lowest since March 2022) and rising gold correlation support Bitcoin’s appeal.

    Bitcoin’s recent climb, momentarily cresting $87,700, is drawing significant attention, with prominent analysts pointing towards macroeconomic shifts and potential government actions as key drivers that could propel the cryptocurrency well beyond the $100,000 threshold.

    The convergence of a weakening US dollar, anticipated US Treasury debt buybacks, and sustained institutional interest is painting an increasingly bullish picture for the digital asset.

    Macro tailwinds: dollar dips, treasury ‘bazooka’ eyed

    A primary factor supporting Bitcoin’s ascent is the declining value of the US dollar, which recently touched lows not seen since March 2022.

    As the dollar weakens, assets like Bitcoin often become more appealing to global investors seeking a hedge against fiat currency devaluation.

    Adding potent fuel to this narrative is the prospect of the US Treasury repurchasing its own debt.

    Arthur Hayes, the influential co-founder of BitMEX and current CIO of Maelstrom, has highlighted this potential move as a significant catalyst.

    He posited that upcoming Treasury buybacks could inject substantial liquidity into the financial system, effectively acting as a “bazooka” for Bitcoin’s price.

    Hayes went so far as to suggest this period might represent the “last chance” for investors to acquire Bitcoin below the $100,000 mark, anticipating that these buybacks could easily push the price past that psychological barrier.

    Technical signals and institutional trust bolster case

    The bullish sentiment finds resonance in technical analysis and continued institutional adoption.

    Ryan Lee, Chief Analyst at Bitget Research, noted that Bitcoin’s price chart recently completed a “descending wedge breakout,” a technical pattern often interpreted as supportive of further upward movement.

    This technical picture is complemented by Bitcoin’s growing correlation with gold, another traditional safe-haven asset, which itself has surged nearly 30% this year.

    Furthermore, global institutional appetite for Bitcoin appears unwavering despite recent price volatility.

    Reports indicate that investment firms, notably from Japan and the UK, have maintained their commitment, channeling capital into the cryptocurrency.

    This sustained institutional inflow signals enduring confidence in Bitcoin’s long-term value proposition.

    Analysts eye six-figure targets amid fiat expansion

    As Bitcoin tests resistance levels nearing $90,000, some analysts are setting their sights considerably higher.

    Jamie Coutts of Real Vision forecasts that expanding fiat money supply (M2) could drive Bitcoin to as high as $132,000 by the end of the year.

    This projection finds company with analysis from economist Timothy Peterson, who, citing historical market patterns, suggests Bitcoin could potentially reach $138,000 within the next three months.

    Political pressures add fuel to the fire

    The intricate macroeconomic picture is further complicated by the political landscape.

    President Donald Trump’s public calls for the removal of Federal Reserve Chair Jerome Powell have intensified market expectations of potential interest rate cuts.

    Such cuts, aimed at stimulating the economy, would likely exert further downward pressure on the US dollar, potentially creating an even more favorable environment for Bitcoin’s price appreciation.

    A note of caution amidst the bullish chorus

    Despite the confluence of positive indicators, some market observers urge caution regarding short-term price action.

    Analyst Michaël van de Poppe warned that weekend rallies can sometimes prove ephemeral and that Bitcoin might face a pullback before decisively conquering key resistance zones.

    The $91,000 level is widely seen as the next significant hurdle.

    Until Bitcoin firmly establishes itself above this mark, the possibility of short-term corrections remains.

    Nonetheless, the combination of weakening fiat dynamics, anticipated liquidity injections via Treasury buybacks, robust institutional support, and supportive technical patterns creates a compelling narrative for Bitcoin’s continued ascent towards, and potentially well beyond, the $100,000 milestone.

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  • 3 tokens watch as crypto eyes bounce: PYTH, TIA, MMTR

    3 tokens watch as crypto eyes bounce: PYTH, TIA, MMTR

    • Pyth Network (PYTH) and Celestia (TIA) have seen decent traction and could rally in 2024.
    • Memeinator is blazing through its presale, currently at $3.7 million as investors eye potential meme coin gains.

    While the year is having a somewhat slow start given the excitement amid the build up to the spot ETFs approvals in the US, experts continue to opine that this could be a breakout year.

    This has the overall sentiment mostly bullish, with the crypto market eyeing potential tailwinds such as the upcoming Bitcoin halving and further regulatory clarity. The long term impact of inflows via ETFs is also another factor providing impetus as traders position themselves across the market.

    It’s with this view that Pyth Network (PYTH) and Celestia (TIA) are seeing significant investor attention. Meanwhile, presale token Memeinator (MMTR) could present an attractive meme coin for a diversified portfolio.

    Memeinator (MMTR): Presale offers opportunity

    While many meme coins face market oblivion for lack of utility or outright worthlessness, the Memeinator (MMTR) comes ready and loaded for a hostile takeover. The project uses blockchain and artificial intelligence (AI) to bring a gamified ecosystem to the meme coin world.

    With staking and NFTs also part of the utility on offer, the Memeinator stands out from many meme coins struggling to hold onto hype-driven gains. Its growing community, the presence of a great team, clear roadmap and tokenomics add to the overall serious outlook that Memeinator projects.

    As it eyes a race to the $1 billion market cap upon its trading debut in coming months, Memeinator will destroy all weak meme tokens. Currently, the presale, which has reached stage 13 and raised over $3.7 million, offers a great opportunity for an early bid.

    MMTR price is $0.0197 and will jump to $0.0208 in the next stage, before hitting $0.0292 in the last presale stage. There’s a chance this token could explode after its presale, potentially challenging Shiba Inu and Dogecoin for the top meme coin spot.

    Pyth Network (PYTH): Growing oracle ecosystem

    Pyth Network (PYTH) is a blockchain oracle system for real-time market data. The platform, which gained remarkable traction amid impressive airdrops and exchange listings in recent months, is quickly growing into a force in the market.

    The Pyth network’s scaling capacity sees it provide over 400 price feeds, with data from blockchains, crypto exchanges and market makers among others. These providers tap into smart contracts to contribute real-time price feeds for crypto, ETFs, equities, FX pairs and commodities.

    More than 90 market providers currently publish data on Pyth, including Binance, Cboe, and Jane Street.

    With the growth trajectory, it’s possible the price of PYTH could rise amid other favourable market conditions. There’s an opportunity to position for these gains given PYTH reached an all-time high of $0.5487 in November 2023.

    At current prices, it’s about 35% down. However, this altcoin has seen a decent upside since January 10 when it traded below $0.23.

    Celestia (TIA): Specialized rollup chains

    Celestia price rose sharply after its mainnet beta launch in October and when crypto exchange Binance listed the modular data network’s native token.  

    The blockchain’s traction comes amid massive airdrops for its TIA tokens and increased integration as projects seek to leverage its technology for practical flexibility, interoperability and scalability. As more networks tap into Celestia’s specialized rollup chains technology, amid a boost for altcoins, TIA could be one of the top coins to watch in the coming year or so.

    TIA’s all-time high is $20.16, reached just this week – on January 15, 2024. According to CoinGecko data, the current price of $18.20 is about 779% above the all-time low of $2.08 hit on October 31, 2023.

    Celestia ranks 34th among largest cryptocurrencies by market cap, with $2.8 billion. It could climb the charts should the upside momentum solidify in coming months.

    If you are an investor looking for an opportunity in the market, do your own due diligence on the three tokens above. For Memeinator (MMTR), you can check their presale page.

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