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  • Bitcoin holds $106K as shutdown optimism fuels broad market rally

    Bitcoin holds $106K as shutdown optimism fuels broad market rally

    Bitcoin holds $106K as shutdown optimism fuels broad market rally

    • Bitcoin bounced back to trade near $106,000 on shutdown resolution hopes.
    • The end of the shutdown could release a $150-200B liquidity jolt into markets.
    • However, the shutdown is stalling crucial US crypto regulation bills.

    Cryptocurrency markets started the week on a strong footing, with Bitcoin holding above the key $105,000 level as growing optimism around a potential resolution to the US government shutdown helped steady broader risk sentiment.

    Following a volatile period, a weekend rally extended into Monday, with Bitcoin recovering from an early dip to trade near $106,000.

    However, analysts warn that while an end to the shutdown could provide a short-term liquidity boost, the prolonged political impasse has created a significant, under-the-radar threat to the crypto industry’s long-term regulatory future.

    The upbeat mood was felt across the asset spectrum.

    In the crypto space, Ether traded just under $3,600, while XRP led gains among major altcoins, jumping 9% on anticipation of a potential spot ETF.

    Crypto-related stocks, which suffered heavy losses last week, also rebounded strongly, with Coinbase (COIN) rising 4.1% and Robinhood (HOOD) gaining 4.8%.

    The rally mirrored gains in traditional markets, where the S&P 500 climbed 1.6% and the Nasdaq rose 2.2%.

    This recovery was largely fueled by growing confidence that the record-breaking 39-day government shutdown may be nearing an end, a sentiment bolstered by prediction market data and a weekend social media post from President Donald Trump.

    The shutdown’s double-edged sword for crypto

    While the market is cheering a potential resolution, the shutdown has created a complex “Jekyll and Hyde” scenario for the digital asset industry, according to David Nage, head of research at Arca.

    In a Monday note, Nage explained the positive side: an end to the shutdown could release a massive liquidity injection of 150–200 billion from the Treasury General Account into bank reserves. Historically, such a jolt has been a major tailwind for risk assets like crypto.

    However, there is a significant downside.

    “The larger story for digital asset adoption over the next three to five years is being shaped behind the scenes… and the Banking Committee staff rooms are currently dark due to the shutdown,” Nage explained.

    A race against time for US crypto regulation

    The ongoing shutdown has completely stalled progress on crucial crypto legislation, including the CLARITY Act and the Senate’s digital asset market structure bill.

    Nage warned that this delay poses a greater long-term threat to the industry than recent market volatility.

    With the 2026 midterm elections approaching, the window for passing comprehensive digital asset regulation is closing.

    “If comprehensive digital asset legislation is delayed until 2026 and then dies in midterm politics, the industry will miss out on the regulatory clarity needed to attract institutional capital and achieve sustainable growth,” Nage said.

    He concluded that the timing is critical. “If the shutdown ends in November, we may benefit from both a liquidity injection and a legislative opportunity,” he said.

    If it drags into December, the legislation may miss its window.

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  • Bitcoin holds $110k as cautious calm returns to crypto markets

    Bitcoin holds $110k as cautious calm returns to crypto markets

    Bitcoin holds $110k as cautious calm returns to crypto markets

    • Bitcoin is trading steadily around $110,300 as markets consolidate.
    • Traders have largely paused adding new risk after the recent Fed meeting.
    • Bitcoin dominance has risen to approximately 60% of the total crypto market.

    With Bitcoin holding steady above the key $110,000 level as traders consolidate positions and reassess risk following last week’s hawkish signals from the US Federal Reserve, a cautious calm settled over cryptocurrency markets at the start of the week.

    While the market has stabilized after a volatile period, underlying data from the derivatives and credit markets suggests that a “wait-and-see” approach is now the dominant strategy, with investors looking for a fresh catalyst to dictate the next major move.

    As the business week began in Hong Kong, Bitcoin was trading around $110,300, while Ether held near $3,880. Both assets remain down significantly over the past 30 days, by 10% and 14% respectively.

    According to market maker FlowDesk, clients have largely “paused adding new risk” after the Fed meeting, with market activity dominated by short-term trading and portfolio rebalancing.

    Despite the caution, FlowDesk noted that traders showed net buying in tokens with strong underlying fundamentals like BTC, HYPE, and SYRUP, even as Solana-linked assets lagged.

    This deleveraging has left many traders “underexposed if the market rebounds,” suggesting a cleaner market position, the firm wrote.

    Fear lingers in the derivatives market

    While spot markets appear calm, the derivatives space still shows signs of fear. According to CoinGlass data, approximately $155 million in crypto derivatives were liquidated in the past 24 hours.

    The split, with $97 million in long positions and $58 million in shorts being wiped out, points to a moderate flush of overleveraged bullish bets rather than broad panic selling.

    FlowDesk observed “elevated put skew and lingering caution despite calmer volatility,” indicating that traders are still buying downside protection.

    This cautious positioning, dominated by put buying and call selling, could present an opportunity if the market stabilizes.

    “Cheap risk reversals could appeal if spot markets stabilize,” FlowDesk wrote, adding that volatility will likely “drift lower into year-end.”

    Gold holds gains despite hawkish Fed

    In the broader macroeconomic picture, gold is holding onto its recent gains despite headwinds from the Fed.

    The precious metal closed Friday at about $4,003 per ounce, posting a 3.7% gain in October for its third consecutive monthly rise.

    Despite hawkish comments from the Federal Reserve and a stronger dollar that have reduced the odds of a December rate cut, haven demand for gold remains strong.

    Persistent geopolitical tensions and ongoing U.S. fiscal uncertainty have continued to support the metal’s appeal as a stable asset.

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  • Bitcoin holds steady as the market resets after a massive leverage flush

    Bitcoin holds steady as the market resets after a massive leverage flush

    Bitcoin holds steady as the market resets after a massive leverage flush

    • The crypto market is stabilizing after a sharp correction and a massive leverage flush.
    • Analysts see the move as a healthy reset, not a structural breakdown.
    • While speculators were purged, institutional money continues to accumulate.

    A fragile but significant calm has settled over the cryptocurrency market, as it begins the slow and painful process of healing from a brutal correction that has purged the speculative excess from the system.

    Bitcoin is holding steady, a quiet resilience that analysts believe is not a sign of weakness, but of a market that has undergone a healthy and necessary reset.

    As Asia begins its trading day, Bitcoin is hovering around $110,300 dollars, with Ethereum changing hands at $3,970.

    This newfound stability comes after a sharp and violent sell-off that had pushed Bitcoin as low as 104,000 dollars just last week.

    The great reset: A cleansing of speculative excess

    The key to understanding the market’s current state is to see the recent crash not as a catastrophic failure, but as a violent and necessary cleansing. In a recent market note, the analytics firm Glassnode described the move as a “flush, not a failure.” 

    The firm’s analysis shows that the speculative leverage that had been driving the market has been decisively unwound, futures open interest has fallen sharply, and traders have been realizing losses in a defensive normalization, not a full-blown capitulation.

    This view is echoed by other market observers who see a similar dynamic playing out in the world of capital formation.

    The market maker Enflux, in a note to CoinDesk, highlighted the news of Blockchain.com’s planned US SPAC listing as a “full-circle moment” for crypto exchanges, a sign that the industry is once again re-engaging with the public markets, but this time from a position of greater maturity.

    The quiet accumulators: The giants beneath the surface

    While the speculative layer of the market has been flushed out, a different and far more powerful story is unfolding beneath the surface.

    While retail traders were being liquidated, the institutional giants were quietly buying the dip.

    Enflux pointed to Tom Lee’s Bitmine allocating another $800 million to buy more ETH as an “infrastructure-scale commitment,” a clear and powerful sign that institutional money is not just staying, but is actively accumulating.

    This is the great divergence that now defines the market: the short-term speculators have been purged, while the long-term capital is quietly and methodically rebuilding the foundation.

    A new harmony in a chaotic world

    This reset is also reshaping the very narrative that governs the market. As Enflux noted, gold’s continued and stunning strength—surging to a new record of $4,380.89 an ounce—is no longer seen as a threat to Bitcoin, but as a complementary signal.

    It shows that in a world of deep macroeconomic and geopolitical uncertainty, digital assets now coexist with traditional hedges, a sign of a broader portfolio shift toward diversification, not abandonment.

    The market may be wounded, but it is also wiser, and a new, more resilient foundation is quietly being laid.

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  • Aster price holds $1.7 as whales buy, perps volume hits $11B

    Aster price holds $1.7 as whales buy, perps volume hits $11B

    Aster Whales Buy

    • ASTER price is consolidating near $1.7 and is supported by a daily trading volume of $2.1 billion.
    • With resistance at an all-time high near $2 and support at $1.48, ASTER’s price is largely bullish.
    • Upcoming token unlock could introduce volatility.

    While several top coins are struggling with downside pressure, Aster’s native token is posting slight gains near $1.7.

    The token’s price was up 13% in the past 24 hours, and a staggering 1,980% in the past week at the time of writing, driven by robust trading activity that had daily perps DEX volume hitting $11 billion.

    ASTER’s growth as a platform in the decentralised finance (DeFi) space is key to bulls’ momentum.

    Perps volume hits $11 billion as ASTER holds $1.7

    ASTER’s price has held around $1.7 after retreating from its highs of $1.97 across major exchanges.

    The current price reflects a 13% surge in the last 24 hours, outpacing top coins after Monday’s bloodbath.

    The token remains well over 1,870% up since its all-time low of $0.084 on September 17, 2025.

    Price consolidation sees ASTER rank among the best performers on the day.

    Most notably, the decentralised exchange platform has recorded a staggering $11 billion in perps trading volume.

    Spot trading volume also spiked, increasing by over 8% to $2.1 billion.

    Multi-chain support and Aster’s Genesis Stage 2 rewards program, which allocates over 50% of tokens to community airdrops, has driven significant user engagement.

    Bybit’s $100k reward pool campaign also boosted participation, with deposits and spot trading rising.

    Meanwhile, Aster has benefitted from the endorsements of influential figures in the space, including Binance’s Changpeng Zhao.

    ASTER price and its potential for parabolic gains have seen a whale double down on the token with 7.14 million ASTER tokens worth over $10.5 million.

    The whale scooped the tokens via two wallets, Lookonchain noted.

    The whale deposited 4.5 million Tether (USDT) into the Aster exchange and withdrew 7.14 million.

    On-chain data showed the bull sat on an unrealised profit of $6 million.

    What’s next for the ASTER price?

    ASTER is testing resistance at $1.75, with upside potential toward $1.90 and the key $2.00 psychological mark.

    A breakout above this range could open the door to fresh highs, particularly if sentiment across the broader crypto market turns supportive.

    Near term, however, risks are building as profit taking coincides with an upcoming token unlock.

    With millions of ASTER tokens set to enter circulation, selling pressure—particularly from airdrop claimants—could weigh on price momentum.

    On the downside, $1.58 is emerging as the critical support level. A sustained break lower could see prices slip toward $1.48, where bulls may attempt to regroup.

    Despite these risks, consolidation around current levels remains possible.

    Should the market absorb selling and broader adoption of ASTER’s zero-knowledge proof–powered DEX infrastructure continue, a decisive break above $2 could mark the beginning of a stronger bullish leg.

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  • Avalanche price: AVAX holds $30 level as bulls target channel breakout

    Avalanche price: AVAX holds $30 level as bulls target channel breakout

    • Avalanche (AVAX) price is in the green on Tuesday morning, with bulls hovering above the critical level of $30.
    • Most cryptocurrencies trade at key levels amid the broader market’s anticipation around the Federal Reserve’s meeting and interest rate decision.
    • Institutional interest also continues to grow, with Bitwise filing for an Avalanche spot exchange-traded fund with the US Securities and Exchange Commission.

    Avalanche price eyes breakout above $30

    While small-cap tokens like Avantis skyrocket to lead top gainers on the day, the Avalanche (AVAX) price hovers green. It currently trades as one of the top gainers among the top 20 cryptocurrencies.

    The altcoin traded around $30.50 as of writing on September 16, up 7% in the past 24 hours and an impressive +18% over the last seven days.

    It’s a performance that outpaces the global cryptocurrency market’s 1% gain and sees bulls close to the resistance line of a channel breakout.

    Trading volume has spiked to $1.18 billion, up by more than 27% in the last day to signal buying pressure.

    Avalanche price chart by TradingView

    From a technical point of view, chart patterns suggest that AVAX is on the cusp of a significant channel breakout.

    While the token has largely consolidated within a descending parallel channel, a recent uptick has bulls looking at a potential corrective pattern that could allow for a retest of $44.

    Avalanche has notably breached the critical $27 horizontal resistance level. Holding above this level and piercing the $30 barrier may allow bulls to break above the channel’s upper boundary.

    The Relative Strength Index (RSI) at 64 indicates room for gains before overbought conditions hit. A bullish outlook is also supported by the Moving Average Convergence/Divergence (MACD) on the daily chart.

    Overall, the chart structure positions AVAX favorably for a move above $30, potentially fueled by ecosystem expansions and DeFi growth.

    Bitwise AVAX ETF filing and Fed decision

    Compounding the technical optimism are recent regulatory and macroeconomic trends.

    One of these is the development that saw Bitwise Asset Management file an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Avalanche ETF.

    This filing, following the establishment of a statutory trust in Delaware, proposes direct exposure to AVAX through custody-held tokens, allowing investors to gain regulated access without managing wallets or private keys.

    VanEck and Grayscale are among the top issuers seeking approval for ETFs tracking the AVAX cryptocurrency. Sentiment is high amid anticipation of an SEC nod in the coming months.

    Also buoying AVAX price is expectation around the Federal Reserve’s upcoming decision on interest rates.

    The Fed meets this week and a 25 basis point cut could inject fresh liquidity into risk assets like cryptocurrencies. Avalanche’s price will rally alongside other altcoins.

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  • BTC holds $106K; analysts point to institutional integration, on-chain innovation

    BTC holds $106K; analysts point to institutional integration, on-chain innovation

    BTC holds $106K; analysts point to institutional integration, on-chain innovation

    • Bitcoin (BTC) regained its footing, trading around $106K after a tense weekend involving a US strike on Iran.
    • Bitcoin’s resilience is attributed to its growing integration into the broader macro-financial system via institutional infrastructure.
    • Bitcoin ETFs saw massive inflows ($1.1B last week, $350M one day), cited as a major bullish tailwind.

    Bitcoin (BTC) has regained its footing, hovering around the $106,000 mark as the Asian trading week gets underway on Wednesday.

    This resilient performance comes after a tense weekend that saw the US bomb an Iranian nuclear site, with Bitcoin now pushing past levels seen earlier this month when Israel first bombed Iran.

    This stability, in the face of significant geopolitical turmoil, is increasingly being attributed to a fundamental shift in Bitcoin’s market structure and a renewed wave of innovation flocking to its blockchain.

    Part of the reason why the crypto market has recovered so swiftly alongside traditional markets is the growing correlation between the two.

    The days of Bitcoin operating in a vacuum appear to be over. “Bitcoin’s sensitivity to traditional asset classes and macroeconomic indicators has evolved markedly over the past few market cycles, reflecting its growing integration into the broader macro-financial system,” reads a recent report from Glassnode and Avenir Group.

    This integration has been facilitated by the development of a robust institutional infrastructure. “Institutional infrastructure has reshaped how capital engages with bitcoin,” the report continues.

    As a result, its market behavior is increasingly governed by structural liquidity, long-horizon positioning, and regulated access points.

    This institutional backbone was clearly visible again this week. Semir Gabeljic, director of capital formation and investment strategy at Pythagoras Investments, highlighted the significant impact of Exchange-Traded Funds (ETFs), citing them as a major tailwind.

    “The huge recent capital inflows in Bitcoin ETFs of $1.1 billion last week and even $350 million today alone” are driving the positive trend, Gabeljic noted.

    Spencer Yang, a Core Contributor to Fractal Bitcoin, added another perspective on Bitcoin’s ability to shake off the war jitters so quickly.

    He argued that, fundamentally, nothing has changed about the asset class itself as a result of the conflict in the Middle East.

    The core metrics that long-term investors look to for Bitcoin remain intact. Furthermore, other bullish on-chain signals are potentially on the way.

    “We’re seeing continued interest in protocols like BRC-20, especially with the recent upgrade, as well as Runes and Alkanes, which have been getting a lot of attention,” Yang added.

    So overall, on‑chain activity across the board is increasing thanks to these types of assets.

    The key takeaway seems to be that as Bitcoin’s market becomes increasingly defined by institutional demand and macroeconomic liquidity cycles, its price action is becoming less about knee-jerk reactions to headlines and more about long-term capital commitment.

    It is this structural shift that appears to be anchoring Bitcoin firmly above the $100,000 level, despite the surrounding noise.

    Tim Draper’s thesis

    Adding to this long-term bullish outlook, legendary venture capitalist Tim Draper has argued that the Bitcoin blockchain is becoming the new epicenter for crypto innovation.

    In a recent post on the social media platform X, Draper drew a compelling parallel, suggesting that Bitcoin is now absorbing ideas once exclusive to altcoins, much in the same way that Microsoft once consolidated the software revolution under its dominant operating system empire.

    Draper pointed to Bitcoin’s rising dominance – a metric equivalent to its “market share” in the crypto world – as evidence.

    This figure has risen to over 60%, up from 40% after the 2017 boom-bust cycle and 50% following the 2021 peak, signaling that Bitcoin is reasserting its control over the broader crypto ecosystem.

    Much like how Microsoft integrated or cloned early software success stories like Lotus 1-2-3, WordPerfect, and PowerPoint to create its powerful software suite, Draper says Bitcoin is now systematically incorporating innovations that were once the exclusive domain of altcoins.

    These include functionalities like smart contracts, decentralized finance (DeFi), ordinals (a form of on-chain digital artifacts), and low-cost layer 2 scaling solutions.

    “All the successful innovations on other platforms are now being ported to Bitcoin,” Draper wrote, describing it as an “acceleration” that mirrors the consolidation phases seen in Big Tech.

    He argued that developers are increasingly gravitating toward Bitcoin because it is the most secure and valuable blockchain.

    Draper, who runs a Bitcoin-focused accelerator with Boost VC, stated that the next generation of entrepreneurs is building on Bitcoin not just for ideological reasons, but because the infrastructure and surrounding ecosystem are now mature and ready for this new wave of development.

    “Smart entrepreneurs are always building on the platform with the strongest gravitational pull,” he wrote.

    “That platform is Bitcoin.”
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  • BTC holds above $105k ahead of FOMC

    BTC holds above $105k ahead of FOMC

    FOMC meeting

    Key takeaways

    • BTC continues to trade above $105k despite the ongoing Middle East crisis.
    • Traders are focusing on today’s FOMC meeting results, which could move the markets.

    The cryptocurrency market has been bearish since the Israel-Iran crisis began. However, Bitcoin and other major cryptocurrencies haven’t recorded heavy losses as many would have expected.

    Bitcoin, the leading cryptocurrency by market cap, lost 1.4% of its value over the last 24 hours, and still trades around the $105k region. Over the past seven days, BTC has only lost 4% of its value, an impressive feat considering the scale at which conflicts affected Bitcoin’s performance in the past.

    BTC holding around the $105k indicates that investors remain bullish despite the current market conditions. Even as BTC price continues to fluctuate, managing it in a secure bitcoin wallet is key for robust protection of your digital asset.

    Traders shift attention to today’s FOMC meeting

    While the Israel-Iran conflict continues to take centre stage, the major headline today is the FOMC meeting. The United States Federal Reserve will discuss the future path of interest rates, along with the impact that tariffs and Middle East turmoil will have on the economy.

    Analysts expect the Fed to keep interest rates unchanged, but other important signals could move the market. Investors would be watching to see if the Fed will stick with its previous forecast of two rate cuts this year. If they do, expect Bitcoin’s price to soar higher in the short term.

    While commenting on this, Bank of America economist Aditya Bhave said,

    “The Fed’s main message at the June meeting will be that it remains comfortably in wait-and-see mode. Investors should focus on Powell’s take on the softening labour data, the recent benign inflation prints, and the risks of persistent tariff-driven inflation.”

    BTC could rally to $108k amid institutional demand

    Bitcoin’s price has been able to hold the $105k level thanks to growing institutional demand. So far this week, Metaplanet and Strategy have added thousands of bitcoins to their treasuries. Furthermore, US spot Bitcoin ETFs recorded an inflow of $408.60 million on Monday, indicating strong demand among financial institutions.

    After retesting its key support at $103,430 on Tuesday, the 50-day Exponential Moving Average (EMA) has held, and Bitcoin could rally towards the $108k level in the short term. 

    BTC/USD chart

    The Relative Strength Index (RSI) momentum indicator on the daily chart is hovering around its neutral level of 50, indicating indecision among traders. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is still within the bearish territory but could likely crossover if bulls hold their positions. 

    If Bitcoin recovers and closes above its FVG level at $108,064, it could retest its all-time high price of $111k in the coming days.
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  • BTC holds $101.5K despite tariff news; bullish sentiment for $120K persists

    BTC holds $101.5K despite tariff news; bullish sentiment for $120K persists

    Bitcoin trades over $101.5K; analysts eye $120K amid corporate accumulation

    • Bitcoin trades above $101.5K in Asia, showing resilience despite new U.S. tariff uncertainties.
    • Analysts see continued bull market, with Polymarket traders pricing a 69% chance of BTC hitting $120K by year-end.
    • Pythagoras Investments’ Gabeljic notes BTC’s lower volatility compared to other digital assets amid tariff news.

    Bitcoin (BTC) commenced the Asian trading day holding steady above the $101,500 mark, demonstrating resilience in the face of fresh tariff-related uncertainties emanating from the Trump administration.

    While near-term volatility remains a factor, market analysts and traders appear increasingly focused on a sustained bull market through the remainder of the year, with a significant degree of confidence that Bitcoin will reach or surpass the $120,000 level, underpinned by persistent corporate buying and a notable decline in overall market volatility.

    The current market environment is characterized by a degree of caution, as unexpected tariff increases announced by the Trump administration have introduced some choppiness.

    “The uncertainty from unexpected tariff increases by the Trump administration is causing some volatility,” Semir Gabeljic, director of capital formation at Pythagoras Investments, acknowledged in an email to CoinDesk.

    However, he emphasized Bitcoin’s relative stability amidst these pressures: “However, bitcoin remains relatively strong, with lower volatility compared to other digital assets.”

    This underlying strength is further supported by a persistently bullish sentiment among institutional players.

    Gabeljic highlighted this by noting that traders on the prediction market platform Polymarket are “pricing in a 69% probability that Bitcoin will hit at least $120,000 by year-end.”

    This indicates a strong conviction in Bitcoin’s continued upward trajectory, despite any intermittent market headwinds.

    Echoing this optimistic outlook, FlowDesk, a Paris-based market maker, shared a similar sentiment in a recent note on Telegram, even amidst recently subdued market conditions.

    “The market is clearly coiling, waiting to break out of a narrow band just below all-time highs,” FlowDesk wrote in their market update note.

    They also observed a “significant repositioning and rotation from Bitcoin towards altcoins,” but crucially added that “BTC’s underlying strength remains evident.”

    FlowDesk also pointed to some signs of cautious market behavior, such as a modest decline in BTC funding rates on major exchanges like Binance, which typically suggests a reduction in the use of leverage by traders.

    However, on-chain borrowing activity has reportedly seen renewed vigor, a potential leading indicator that some market participants are anticipating an imminent breakout.

    The unwavering trend of Bitcoin accumulation

    A powerful and enduring narrative bolstering the bullish case for Bitcoin is the continued and accelerating accumulation of BTC by corporate treasuries.

    Listed companies now reportedly hold approximately 809,100 BTC, an amount valued at nearly $85 billion. This figure represents a near doubling of corporate Bitcoin holdings compared to a year ago.

    This significant uptake is being driven by a combination of factors, including favorable regulatory shifts and recent accounting changes that now allow companies to recognize gains on their Bitcoin holdings more readily.

    This trend of corporate adoption underscores a fundamental belief in Bitcoin’s long-term value proposition and its utility as a treasury reserve asset.

    “The expectation of a continued strong bitcoin remains,” Gabeljic affirmed, suggesting that this institutional and corporate buying pressure is a key pillar supporting the market’s current strength and future potential.

    As Bitcoin consolidates and traders navigate short-term uncertainties, the underlying accumulation by larger entities provides a strong foundation for continued optimism.
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  • Analyst holds $5 target for Pi Network ahead of major token release

    Analyst holds $5 target for Pi Network ahead of major token release

    Pi Network will rise to $5 despite 5.6M token unlock

    • The over $$138.252 million Pi Network token unlock on over the next 30 days may pressure Pi’s price.
    • Whales have moved 41M PI off exchanges, hinting at a rebound.
    • Analysts predict $5 target with market and ecosystem growth.

    Pi Network token has had a rough patch recently, with the Pi Network price dipping 80% from its all-time high to around $0.63 and struggling to gain momentum amid daily token unlocks.

    Despite the immense bearish pressure exerted by the token unlocks, a bold Pi Network price prediction has emerged from analysts, one of whom foresee the PI token climbing to an impressive $5.

    Why the $5 Pi Network price prediction could be realistic

    To start with, Pi Network price today sits at around $0.63 with a sturdy support at $0.60, a zone some experts believe could serve as a springboard for a breakout toward higher valuations.

    Technical analysis reveals a double-bottom pattern with a neckline at $0.7857, hinting at a possible breakout, while price prediction models suggest a climb to $1.83 by May 2025; a 190% jump from today.

    Adding fuel to the optimism, Pi Network founder Nicolas Kokkalis is slated to speak at Consensus 2025, a major crypto event, signaling a boost in credibility for the project amid the latest Pi Network news.

    Notably, Kokkalis’ appearance at Consensus 2025 alongside crypto giants like Eric Trump and Bo Hines coincides with the unlock of 5.6 million tokens, a move that could either weigh on the price or be absorbed by growing demand, depending on market dynamics.

    At the same time, Pi token whale activity is turning heads, with a single investor withdrawing 7.5 million PI token valued at $4.82 million from OKX, part of a broader $48 million accumulation now worth $31 million.

    From a broader perspective, whales have move approximately 41 million Pi tokens from crypto exchanges, signaling at massive accumulation.

    Such large-scale accumulation suggests confidence in the Pi Network value, potentially foreshadowing a price surge as these investors position themselves ahead of key milestones.

    Analysts also point to several drivers that could spur a potential recovery, including an improving cryptocurrency market, clearer Pi Network tokenomics, listings on top-tier exchanges, and broader ecosystem growth; all critical for the Pi Network price prediction to materialize.

    A listing on exchanges like Binance or Coinbase could also ignite investor enthusiasm, pushing the Pi Network price beyond its stubborn resistance at $0.70, a level it has repeatedly failed to breach.

    Beyond that, expanding real-world use cases for the PI token, such as applications or services accepting it, could solidify its utility and bolster long-term value.

    Possible handles that could curtail Pi Network’s rise

    The planned unlock of 219,065,154.07 tokens over the next 30 days and over 1.5 billion tokens over the next year raises concerns about dilution.

    Pi Network token unlocks over the next month

    And to make things worse, 35 billion PI tokens are held by insiders against 65 billion allocated to the community, a factor that could challenge the Pi Network price.

    In addition, the Pi Network open mainnet launch problems, as users struggle to migrate to the mainnet, has limited exchange presence, keeping its market cap at $4.3 billion and its price in a holding pattern.

    Nevertheless, the team has unveiled an elaborate Pi Network tokenomics with a total supply of 100 billion tokens; 65% allocated to community mining rewards, 10% to the foundation, 5% to liquidity, and 20% to the Core Team, and designed to scale with community migration to the mainnet.

    This tokenomics structure aims to ensure fairness and prevent early dumping, tying the network’s progress to the speed of Pioneer adoption, a unique approach that could stabilize the Pi Network value over time.

    In essence, while the 5.6 million tokens unlock poses a near-term risk, the $5 Pi Network price forecast hinges on Pi Network overcoming its challenges and capitalizing on its ecosystem expansion, making the Pi Network mainstream adoption a critical watchpoint.

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  • Bitcoin holds above $107 despite $172m Mt. Gox BTC transfer

    Bitcoin holds above $107 despite $172m Mt. Gox BTC transfer

    • Mt. Gox moved over $172 million in BTC to new wallet addresses.
    • The price of Bitcoin held strong despite bankrupt crypto exchange’s wallet activity.

    Bankrupt crypto exchange Mt.Gox has notably transferred about 1,620 Bitcoin to new unknown addresses. The value of the Bitcoin transfer stood at over $172.5 million, and was sent to new addresses.

    The transfers happened as BTC price hovered around $107,380, having hit new all-time highs above $107,822. Unlike in the past Mt. Gox transactions of the flagship cryptocurrency, the latest movement hasn’t seen BTC react violently lower. Dormant whales have also woken up, as Arkham Intelligence pointed out in a post on X.

    Mt.Gox Bitcoin transfers

    Two weeks ago, the crypto exchange Mt. Gox made another Bitcoin transfer of 24,000 BTC to unknown wallets. According to Arkham, the bankrupt exchange transferred 1,619.6 BTC in two chunks, one of 1427.9 BTC and the other of 191.7 bitcoin to two new addresses.

    Recently, the blockchain security and intelligence platform showed that Mt. Gox’s latest wallet activity also included the transfer of 1427.9 Bitcoin to an address starting with “1DeY. It then transferred 108 BTC and 191.7 BTC through several addresses before the coins ended in the wallet that currently holds 300 Bitcoin.

    In November, Mt. Gox transfered $2.2 billion Bitcoin to unknown wallets amid repayment plans. On December 5, Mt. Gox made another Bitcoin transfer. It moved 24,000 BTC worth $2.5 billion a time when BTC was trading at $ 100,000, an all-time high at the time.

    Arkham notes the exchange has 36,085 Bitcoin holdings estimated to be worth $3.86 billion. The deadline for creditor repayment will be October 31, 2025.

    Despite downside pressure, Bitcoin has recovered from previous Mt. Gox dumps to hit new all-time highs above $100.

    The bullish market sentiment is down to multiple catalysts. It includes greater institutional demand for spot Bitcoin ETFs, US election that has a pro-crypto administration in place and the exit of SEC’s Gary Gensler. New pro-crypto picks for the SEC and CFTC will help the push for regularity clarity.

    There’s also the buying spree by MicroStrategy and several other companies, including Boyaa Interactive, Metaplanet and the miner industry led by Marathon, Riot and Semler Scientific, are hodling BTC. The companies have adopted the Bitcoin treasury strategy that has seen MicroStrategy become the world’s largest corporate holder of BTC.

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