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  • BNB price prediction: BNB on cusp all-time high as bulls eye $1,000

    BNB price prediction: BNB on cusp all-time high as bulls eye $1,000

    • BNB price trades above $760, having touched intraday highs of $766.
    • Having come just shy of a new all-time high, it’s possible bulls could target $1,000 next.
    • Overall, altcoin market optimism will catalyse more gains.

    BNB, the native coin of the Binance ecosystem and BNB Chain, is on the cusp of a new all-time high as price hovers near $763 on Monday morning.

    This comes amid a robust uptick for altcoins, with Ethereum exploding to $3,800 and XRP eyeing $4.00.

    While BNB has only managed a modest 2%, price is retesting last week’s resistance level amid an increase of nearly 9% in seven days.

    Despite these small gains compared to other coins, BNB is showing strong technical indicators, alongside a yearly high in Open Interest.

    BNB price nears new all-time high

    The BNB price has continued to trade higher since breaking above $640 in June.

    On Monday, July 21, the altcoin reached an intraday high of $766, a move that saw it come close to hitting its all-time high of $793 reached in December 2024.

    As noted, this rally for Binance Coin aligns with an uptick for altcoins across the broader market.

    With Bitcoin consolidating after hitting new ATH above $123k, it’s altcoins that are in the limelight this past week.

    “With Ethereum leading the way, there has been a huge jump in social media mentions of many altcoins and higher price targets,” analysts at Santiment recently posted.

    Ethereum has climbed above $3,800, and XRP is on the verge of a new all-time high.

    Bulls have pushed Solana towards $200. Elsewhere, altcoins such as Conflux (CFX) have surged significantly to lead top gainers in leading 100 coins by market cap.

    BNB’s market capitalisation has also increased amid the overall upward momentum, hitting above $106 billion as the fifth-largest cryptocurrency targets a new peak.

    BNB price prediction: is a breakout to $1,000 next?

    A look at the charts shows BNB’s bullish outlook has the support of key technical indicators.

    Combining this with prevailing market conditions could offer buyers the chance to break higher.

    Currently, hovering above $760 puts BNB just shy of the $793 peak.

    Profit taking may ensue near the ATH, but Open Interest in BNB futures has soared to a yearly high of $1.04 billion.

    Derivatives volume has also jumped to over $1.38 billion, signalling increased trader bets on the cryptocurrency.

    BNB price chart by TradingView

    The Moving Average Convergence Divergence (MACD) also shows a bullish crossover, confirming sustained upward pressure.

    If BNB bulls weather the likely corrections, the next target above the all-time high will be the psychological $1,000 level.
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  • CFX price explodes 100% amid news from a major Conflux conference

    CFX price explodes 100% amid news from a major Conflux conference

    Conflux Price Up

    • Conflux price jumps more than 100% to lead top 100 coins by market cap as Ethereum eyes $4,000.
    • An altcoin rally has buoyed top coins like XRP, Solana and BNB.
    • News from a network conference in Shanghai, mainly that Conflux 3.0 is coming, has buoyed CFX bulls.

    Conflux (CFX) is trending as the top gainer in the 100 largest coins by market cap in the past 24 hours, with its price up an impressive 116%.

    CFX traded to highs of $0.24, a multi-month peak that has bulls eyeing a major breakout.

    This rally for the 81st-ranked altcoin comes amid a broader bullish flip for top cryptocurrencies, with Ethereum leading the charge as Bitcoin takes a breather.

    Part of CFX’s uptick is down to a major news announcement around Conflux 3.0, an upgrade expected to go live this August.

    Conflux 3.0 announcement triggers triple-digit uptick for CFX

    As noted, CFX ticked up by more than 100% as the Conflux price reacted to a major news announcement.

    This announcement came at the Conflux Technology & Ecosystem Conference 2025 in Shanghai, held between July 18 and 20.

    Among the key highlights of the summit was an announcement by Dr. Guang Yang, the chief technology officer of Conflux.

    Yang noted that the upgrade that rolls in the Conflux 3.0 Architecture will activate in August.

    Positive market reaction saw the altcoin post gains as mega cap cryptocurrencies edged up alongside Ethereum’s pump and XRP’s push for a new all-time high.

    Solana was also looking to break towards $200.

    The historic passage and signing into law of the GENIUS Act have contributed to this rally in cryptocurrencies.

    It’s likely the same reason Conflux, a layer-1 blockchain designed to transform stablecoin and payment infrastructure for consumer payments, has skyrocketed in the past two days.

    For Conflux, this overall bullish picture for altcoins has combined with network-specific news to catalyse the bulls’ march to highs last seen in mid-December 2024.

    Daily volume rose by more than 1050% to over $1.74 billion, while the CFX market cap climbed to over $1.13 billion.

    Conflux price outlook

    The price of Conflux has indeed jumped by 116% in the past 7 days, extending gains to 204% in the past month.

    Bulls have given up some of the gains seen when Conflux price jumped to intraday highs of $0.24.

    Conflux price chart by CoinMarketCap

    The bullish uptick has put CFX above the key supply zone around $0.18.

    It means a break above $0.30 could bring the $0.55 peak reached in March 2024 into play.

    A run to $1 or higher in the short term is likely if altcoin season is on.

    However, profit-taking may result in a revisit of key previous support levels, including $0.14 and $0.10.

    At the current price of $0.22, CFX is more than 900% up on its value of $0.021 that bears reached in January 2023.

    The Conflux token hit its all-time high above $1.70 in March 2021.
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  • 1inch price forecast: 1INCH hits 7-month high after double digit gains

    1inch price forecast: 1INCH hits 7-month high after double digit gains

    • 1inch price reached highs of $0.36, a 7-month peak.
    • The price of 1INCH could break the short-term hurdle at $0.50 and target $1.
    • Currently, 1INCH trades around $0.33, near a critical pivot zone.

    1INCH, the native token of the 1inch Network, has skyrocketed to a seven-month high of $0.36, up 11% in 24 hours and more than 80% in the past week.

    This uptick, fueled by a combination of team accumulation, exchange withdrawals, and booming decentralised activity, signals a potential structural reversal for the decentralised exchange aggregator.

    With trading volumes spiking and technical indicators flashing bullish signals, it’s possible 1INCH could extend gains.

    1inch price performance

    1inch has extended its recent rally, building on gains since rebounding from a low of $0.18 on July 8, 2025.

    The token, which had traded as low as $0.15 in April, has since broken through a key resistance level to reach price levels not seen since January.

    The latest surge comes amid reports of significant accumulation by the project team, with millions of dollars’ worth of 1INCH tokens reportedly purchased.

    The development has reduced the circulating supply and reinforced investor confidence, helping fuel the current bullish momentum.

    However, the altcoin’s gains align with Bitcoin’s retreat.

    Profit taking has pushed BTC down from above $122k to around $117k, suggesting a likely downturn.

    Nonetheless, analysts are bullish that a reversal will give bulls another lift.

    “Bitcoin’s retracement is healthy: it slows leverage, resets funding rates and implied volatility, and moves open interest from speculative upside calls into fresh strikes and maturities, giving the next leg of the bull market a sturdier foundation,” said Pierre Rochard, CEO of the Bitcoin Bond Company.

    What’s next for 1INCH?

    1INCH’s trajectory has been on the upside since July 8 as buyers broke above the short-term hurdle of $0.32.

    With a successful retest in place, the 1inch price could go on to target highs of $0.50.

    Short-term, a break above $1 will encourage bulls to hunt the April 2022 supply zone around $1.77.

    1inch price chart by TradingView

    The nearly 80% spike this week also comes amid fresh DeFi momentum, with trading volumes across decentralized exchanges on the up.

    The MACD indicator remains bullish. However, 1INCH is trading in the overbought zone with the daily RSI at 78.

    As such, currently trading at $0.37 means 1INCH sits at a critical pivot zone.

    Resistance levels at $0.37, $0.39, and $0.42 are the immediate hurdles.

    If bulls break these barriers, a rally toward $1 or higher could unfold.

    However, traders might want to watch for volatility, as a pullback to $0.30 could welcome bears back into contention.
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  • BTC price pulls back after near-$123K high; XRP approaches all-time high resistance at $3.00

    BTC price pulls back after near-$123K high; XRP approaches all-time high resistance at $3.00

    BTC price pulls back after near-$123K high; XRP approaches all-time high resistance at $3.00

    • Bitcoin cooled off after nearly topping $123K, with analysts saying the rally is in its early phases, not the end.
    • Arca’s CIO noted that current altcoin open interest is “nowhere near” the frothy levels of previous market tops.
    • XRP is trading near $2.91, approaching its all-time high resistance level of around $3.00.

    Bitcoin pulled back from its session highs during US trading hours on Monday, after nearly touching the $123,000 mark earlier in the day.

    Despite this slight cooling, analysts suggest that calls for a market top are premature, as the broader crypto rally appears to be in its early stages, with significant legislative developments underway in Washington DC that could provide further tailwinds.

    A rally in its infancy? Gauging the market’s momentum

    After a powerful surge of over 10% in less than a week, which saw some altcoins advance even more significantly, it’s natural for prices to enter a consolidation phase as traders digest the recent move and realize some profits.

    Bitcoin slipped below the $120,000 level late in the US day but managed to hold onto a modest 0.6% gain over the past 24 hours.

    However, other major cryptocurrencies saw more significant pullbacks, with Ethereum’s Ether (ETH) sliding back below $3,000, and Dogecoin (DOGE), Cardano’s ADA, and Stellar’s XLM declining by around 2%-3% on the day.

    Among the major tokens, XRP, SUI, and Uniswap’s UNI outperformed, posting gains of 2.5%, 10%, and 6%, respectively.

    Crypto-linked stocks also retraced some of their strong morning gains, though Strategy (MSTR) and Galaxy (GLXY) still closed higher by 3%-4%, while Coinbase (COIN) gained 1.5%.

    Despite the consolidation, Jeff Dorman, CIO of digital asset investment firm Arca, argues that this leg of the crypto rally is more likely in its early phases than nearing its end.

    In a Monday investor note, he referenced an observation from crypto analyst Will Clemente about previous major market tops, such as the March 2024 spot Bitcoin ETF-related peak and the frenzy surrounding the Trump election/inauguration in late 2024/early 2025.

    During those peaks, the open interest in altcoin derivatives notably flipped that of Bitcoin, a sign of widespread speculative froth.

    “The current rally is nowhere near that,” Dorman said, suggesting the market has not yet reached a state of excessive exuberance.

    He also added that while trading volumes on both centralized and decentralized exchanges rose by 23% week-over-week, they still aren’t close to the levels seen during other broad-market rallies in the past.

    The bigger picture: sovereign debt and institutional adoption

    Looking beyond the short-term charts, some see Bitcoin’s ascent as being propelled by more fundamental, long-term factors.

    Eric Demuth, CEO of the Europe-based crypto exchange Bitpanda, told TheStreet that excessive sovereign debt and investors seeking refuge from monetary inflation are key drivers.

    While he stated that BTC rising to €200,000 ($233,000) is “certainly a possibility,” he emphasized that the underlying adoption of the asset carries more importance than specific price targets.

    “What happens when Bitcoin becomes permanently embedded in the portfolios of major investors, in the reserves of sovereign states, and in the infrastructure of global banks?,” he posed.

    Because that’s exactly what’s happening right now.

    Demuth expects that in the coming years, Bitcoin’s market capitalization will gradually converge towards that of gold, which currently sits at over $22 trillion, nine times larger than BTC’s.

    XRP Nears All-Time High, Breakout Looms

    While Bitcoin consolidates, XRP is making headlines of its own.

    The token has moved back up to a level of resistance significantly close to the $3.00 mark, a price point not seen since its all-time high.

    Currently trading at $2.91, up 2.15% over the last 24 hours, XRP is fueling speculation that a major breakout could be imminent.

    “XRP is screaming all-time highs,” crypto analyst Ali Martinez stated in a recent update on the social media platform X.

    He pointed to a very significant technical setup, noting that XRP is now testing the top of a price channel that has been established for years, right around the $3.00 price point.

    A decisive move anywhere above this psychological and technical level would likely lead to a huge rally toward the $4.80 price point, Martinez suggested.

    This optimism is supported by a significant rise in open interest for XRP, which now stands at $3.409 billion, indicating increased trader participation and conviction.

    Following a significant build-up of leveraged positions—a common precursor to substantial price swings—the overall sentiment for XRP is bullish.

    In further support of the uptrend, the price of XRP is consistently trending above its 10-period adaptive moving average, a sign of strong underlying momentum and healthy consolidation.

    The next few trading sessions will be crucial, as investors will be watching to see if XRP can successfully convert this previous resistance into a new, longer-term support level, potentially launching it into price discovery mode.
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  • Bitcoin crosses $122.5K; Stellar (XLM) price set to jump 30%

    Bitcoin crosses $122.5K; Stellar (XLM) price set to jump 30%

    A Healthy Bull in green Environment

    • Bitcoin crosses the $122,500 milestone on Monday, bolstering overall market sentiments.
    • Optimism emerges as US lawmakers prepare for crucial crypto votes this week.
    • XLM targets continued uptrends to $0.681 resistance.

    Bitcoin opened the week on a bullish leg as US regulatory developments propelled prices to historic highs of $122,540 on Monday.

    BTC’s rally to new all-time highs has reignited enthusiasm in the cryptocurrency market, and Stellar’s native token appears ready to lead altcoin breakouts.

    XLM has breached crucial resistances with soaring volumes, signaling extended gains in the short term.

    The current broad-based rallies support the altcoin’s bullish trajectory.

    Analyst Javon Marks trusts XLM might surge to the next obstacle at $0.681.

    That would mean a 29.94% upswing from Stellar’s current market price of $0.4771.

    Legislative moves propel BTC to ATHs

    Bitcoin surpassed the $120,000 milestone for the first time today as investors braced for the long-awaited regulatory modifications in the US.

    Notably, the United States House prepares to vote on three key crypto-related bills this week.

    First and foremost, they will debate the GENIUS Act, which focuses on regulating stablecoins such as USDT and USDC.

    It will head to Donald Trump if passed. The US president has vowed to support crypto growth in the United States.

    Also, the House will vote for the CLARITY Act.

    It aims to monitor crypto market structures.

    Nate Geraci's X Post
    Source: Nate Geraci’s X Post

    Finally, the Anti-CBDC Surveillance State Act proposes prohibiting the Fed from issuing a central bank digital currency.

    Besides the political theatrics, these legislative moves will reshape the cryptocurrency regulatory tone.

    The possibilities of friendlier policies due to the current pro-crypto government ignited optimism in the digital assets sector.

    XLM breaks out after consolidation

    Stellar’s native token capitalized on the broad-based bull rally to overcome a key resistance at $0.47.

    The move has grabbed analysts’ attention, with one expecting continued XLM surges to the obstacle at $0.681.

    Policy tailwinds, price charts, and Bitcoin’s outlook support XLM’s 30% potential upswing in the near term.

    Can XLM surge 30%

    Javon Marks’ Stellar chart resembles Rose Signals, both pointing to extended surges.

    Their chart shows the current breakout materialized after multiple higher lows on XLM’s weekly chart.

    That indicates increased accumulation, which is crucial for stable uptrends.

    The chart suggests possible surges to $0.6719.

    A Crypto Chart

    All eyes are watching D.C.

    Cryptocurrencies appear poised for continued rallies with massive legislative developments in the United States.

    The momentum will spike further if the House passes any or all bills this week.

    For instance, passing the crypto structure or stablecoins frameworks might see investors rotating more capital into crypto.

    That would mean massive gains for Bitcoin and altcoins, including XLM.

    However, digital assets are never without risks. Sudden Bitcoin corrections or bills’ rejection could mean substantial selling pressure.

    Losing the $0.47 barrier will delay XLM’s potential rally.
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  • HBAR price soars as South Korean trading app Salt launches on Hedera

    HBAR price soars as South Korean trading app Salt launches on Hedera

    Hedera and Bitcoin

    • HBAR price rose 15% to hit highs of $0.20 as Bitcoin jumped to a new all-time high.
    • Salt app launch on Hedera amid overall bullish sentiment could push HBAR price to key resistance at $0.37.
    • The all-time high of $0.57 reached in September 2021 is a potential short-term target.

    HBAR, the native token of Hedera, has jumped by more than 15% in the past 24 hours to hit highs of $0.20.

    This comes amid Bitcoin’s spike and news related to the launch of Salt, a South Korean-based mobile trading application on Hedera.

    The token is also up amid the recent announcement of a milestone integration involving NVIDIA Blackwell, EQTY Lab’s Verifiable Compute, SCAN UK, Accenture Public Sector, and Hedera.

    Could these developments spark further adoption for HBAR and hence boost the token’s price?

    Hedera (HBAR) price spikes amid Salt beta launch

    Salt’s beta version is going live on Hedera, a move the Hedera Foundation announced early Friday.

    The integration has catalyzed a notable increase in HBAR’s price, which is up 15% in the last 24 hours and over 32% higher over the past week.

    Salt’s integration on Hedera is eyeing the MemeFi space, the Hedera Foundation said.

    The South Korea-based app will leverage the Hedera network’s scalability and efficiency, offering users access to over 30 chains and major decentralized exchanges (DEXs).

    The strategic importance of this partnership is that it expands Hedera’s presence in the Asia Pacific region. It will make DeFi on Hedera “fast, familiar, and fun”.

    “SALT is a mobile trading app on Hedera that makes DeFi feel fast, familiar, and fun. One-click wallets get you in, smart routing gets you the best trade, and a clean interface keeps you moving,” Hedera Foundation posted on X.

    This broad connectivity is expected to attract a diverse user base, fostering increased trading activity and liquidity for HBAR.

    Additionally, Salt’s reward system, which allows traders to earn points through swaps, referrals, and engagement, further incentivizes user participation, potentially driving demand for HBAR.

    Hedera price prediction

    As well as the overall Bitcoin-driven bullish sentiment, the surge in HBAR’s price is getting upward support from recent Hedera ecosystem milestones.

    One of these is an announcement that sees the NVIDIA Blackwell platform support EQTY Lab’s Verifiable Compute deployment.

    Per an announcement, the collaboration also involves computer hardware suppliers SCAN UK and Accenture Public Sector.

    The EQTY Lab’s initiative is built on Hedera, adding to the potential adoption exposure for HBAR.

    According to market analysts, HBAR price can target the robust resistance level at $0.37 if bulls go higher.

    Further legs up will bring the all-time high of $0.57, achieved in September 2021, into view as a potential short-term target.

    However, the key support levels remain around $0.13.
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  • Bitcoin price hits new ATH near $114k but holders keep BTC off exchanges

    Bitcoin price hits new ATH near $114k but holders keep BTC off exchanges

    Bitcoin Price Hits New ATH

    • Bitcoin price hit a record $113,923, driving altcoins higher.
    • Despite the new BTC peak, exchange reserves continue to plummet.
    • Investors’ reluctance to sell, despite the price spike, signals strong belief in Bitcoin’s future performance.

    Bitcoin (BTC) surged to a new all-time high of $113,923, pushing the broader cryptocurrency market into fresh bullish momentum.

    Yet, as BTC looks to rally further, analysts are saying the market is in no rush to cash in on the windfall, with holders choosing to keep their coins off exchanges to continue a trend seen over the past several months.

    Notably, Bitcoin has rallied more than 98% in the past year and over 13% since its recent lows in June.

    Bitcoin price chart on CoinMarketCap

    However, while most coins have hit profit-taking turbulence, Bitcoin holders have shown a remarkable reluctance to move their coins back to exchanges, signaling a shift toward long-term storage and self-custody. Also bullish for BTC that could eye the $120k level next.

    BTC on exchange drops despite Bitcoin spike to new ATH

    Despite Bitcoin’s dramatic climb to its latest all-time high, which it set at $113,923 on Thursday, July 10, 2025, data from shows on exchange balances continue to slip.

    Santiment reveals a significant decline in the amount of BTC held on exchanges, noting that over the past four months, a net drop of 315,830 Bitcoin has left exchanges.

    This equates to a 21% reduction in net exchange balances, with the trend extending months back.

    Indeed, exchange reserves for BTC are at lows last seen years ago.

    A staggering 1.88 million BTC has moved away from exchanges since July 2020, indicating a 61% drop.

    “Overall, the trend of coins staying off exchanges is a sign that the threat of sudden market plummets is more limited, and long-term investors are increasingly content to keep their coins safe in personal storage for the long run,” the platform posted on X.

    This reduction suggests a potential supply shock, as less BTC availability on exchanges could limit sudden market dips, while helping prices edge higher.

    Bitcoin exchange balances vs. price chart. Source: Santiment

    Bitcoin holders not in a rush to sell

    Santiment analysts’ bullish take aligns with insights from CryptoQuant, which noted on X that Bitcoin exchange reserves are at a seven-year low.

    The values have dropped below 15% of the total supply for the first time since 2018. Like Santiment, CryptoQuant analysts see the scarcity as a bullish signal.

    “Bitcoin hit an all-time high, but selling pressure is nowhere to be seen,” the platform wrote. “Exchange inflows dropped to just 18K BTC/day, the lowest since 2015…That’s a 78% decline from the $100K breakout in November. Holders aren’t rushing to sell.”

    As the analysts explain, the reluctance to return BTC to exchanges reflects a bullish trend and a growing preference for personal storage.

    This behavior is particularly pronounced among long-term holders, who appear content to hold their assets offline.
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  • XRP price targets breakout above $3 as BTC hits fresh ATH

    XRP price targets breakout above $3 as BTC hits fresh ATH

    XRP price

    • XRP price has gained 5% to hit $2.50, its highest level in nearly two months.
    • Ripple’s token appears poised to challenge its 2025 high of $3.40.
    • A breakout could potentially bring the all-time high of $3.84 into view, though support lies around $2.29 and $2.10.

    Ripple’s XRP posted a strong uptick as the cryptocurrency market witnessed a fresh dose of optimism amid Bitcoin’s surge to a new all-time high above $113,718.

    Bitcoin’s rally, which saw the benchmark digital asset trade more than 4% in the past 24 hours, saw Ethereum (ETH), Solana (SOL), and BNB (BNB) hit key price levels. Amid this bullish wave, XRP broke to $2.5, reaching its highest level since May 2023.

    This uptick, bolstered by fundamental developments and Ripple CEO Brad Garlinghouse’s recent Senate testimony, has sparked speculation about a potential breakout above $3, with analysts eyeing a new all-time high for XRP.

    XRP price: bulls reach $2.5

    XRP has surged to $2.50, marking a 5% increase in the last 24 hours and a nearly 11% gain in the past week. The altcoin’s upward momentum saw it reach its highest price since May 2023, when it traded above $2.58.

    Gains on the day come as the broader cryptocurrency market rides a fresh wave of bullish sentiment. As noted, Bitcoin’s new peak above $113k has seemingly set the tone for altcoin rallies.

    ETH and SOL have posted gains of 5% to 6%, while BNB is looking to follow suit with a 2% uptick in the last 24 hours.

    XRP chart on CoinMarketCap

    Ripple’s strategic advancements, including its application for a US banking license and a partnership with BNY Mellon to custody Ripple’s USD-backed stablecoin, RLUSD, have buoyed XRP price.

    Additionally, Garlinghouse’s testimony before the US Senate Banking Committee on July 9, 2025, where he emphasized regulatory clarity for digital assets, has reinforced XRP’s position as a major crypto market player.

    Ripple price prediction: Is XRP set for new all-time high?

    As altcoins stack gains, analysts are increasingly optimistic about an altseason.

    XRP’s trajectory, with derivatives markets signaling strong bullish momentum and key fundamental milestones, could rally hard.

    According to Coinglass, XRP’s futures open interest has surged to $5.89 billion, up 6%. Growing investor confidence and speculative bets on further price increases have also seen the derivatives volume surge over 27% to $9.84 billion.

    On the technical front, XRP’s chart shows promising signals.

    XRP Price
    XRP chart by TradingView

    The daily chart shows the Relative Strength Index (RSI) at 69, indicating strong buying pressure.

    While it is upsloping, the RSI has not pierced into the overbought territory. Meanwhile, the Moving Average Convergence Divergence (MACD) displays a bullish crossover, suggesting upward momentum.

    If upside strength holds, a break to resistance at $2.70 will bring $3.00 into play. The all-time high of $3.84 will be the next target. On the flipside, the critical support area is at $2.29 and $2.10.
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  • Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation

    Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation

    Ethereum Price

    • Ethereum’s price rose 6% to above $2,800, driven by Bitcoin’s rally to $112,000 and optimism around ETH whale activity.
    • The gains came as over $500 million in leveraged positions, including $139 million in ETH, were liquidated.
    • Institutional interest and increased buying could drive Ethereum’s price higher.

    Ethereum (ETH) rose a decent 6% in 24 hours to reach highs above $2,800, with the top altcoin buoyed by a broader market rally.

    This is after Bitcoin (BTC) soared to a new all-time high above $112,000.

    However, the sharp price movements triggered widespread liquidations, with over $500 million in leveraged positions wiped out across major exchanges.

    Most of these were shorts, with cryptocurrencies rising alongside stocks on Wednesday.

    Ethereum hits $2,800 as crypto sees market momentum

    Ethereum’s climb to $2,821 in early trading on Thursday came as Bitcoin’s breakout above $112k lifted the broader digital assets space.

    It’s this bullish sentiment that has ETH price up more than 6% and on the cusp of a breakout above $3,000.

    According to data from CoinGecko, Ethereum’s trading volume spiked by 69% to over $29.8 billion, reflecting heightened market activity.

    Apart from a broader market upswing, ETH is benefiting from regulatory developments and the anticipation of what is next for the top altcoin.

    Whales and institutions are aggressively buying ETH, with Abraxas Capital withdrawing 29,741 ETH worth $81 million from crypto exchanges Binance and Kraken.

    Lookonchain shows the transactions occurred within the last 12 hours.

    Another wallet withdrew over 25k ETH tokens worth over $70 million from Kraken.

    Notably, SharpLink Gaming, a company that holds over 205,634 ETH worth over $575 million, added to its haul with another 5,072 ETH worth over $13.5 million.

    Over $500 million in liquidation signals market volatility

    As Bitcoin and Ethereum rallied, the broader crypto market experienced over $500 million in liquidations, largely impacting leveraged traders who were caught off guard by the sharp price moves.

    Data from Coinglass shows that total liquidations surged 285% in the past 24 hours, reaching over $538 million.

    The bulk of the losses came from short positions, as traders betting against the market’s upward momentum faced significant losses.

    Ethereum alone accounted for $156 million in liquidations, with $139 million of that tied to short positions, according to Coinglass.

    Despite the liquidations, market sentiment remains cautiously optimistic, with institutional inflows into crypto exchange-traded funds (ETFs) and stablecoin reserves signaling sustained demand.

    As Bitcoin continues to set new benchmarks, Ethereum’s role as a foundational blockchain for decentralized applications ensures its relevance in the evolving crypto landscape.

    Currently, the Ethereum price has a key support zone near $2,500.

    Meanwhile, a symmetrical triangle pattern suggests upward potential and is eyeing the $2,850 resistance.

    If price breaks above $3k, it could target the $4k and all-time high levels.
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  • SUSHI price turns bullish as SushiSwap team teases major reveal

    SUSHI price turns bullish as SushiSwap team teases major reveal

    • SushiSwap has hinted at a massive announcement coming this week.
    • The altcoin shows bullish signals at a crucial support barrier.
    • Traders now target the key resistance zone at $0.79- a 30% surge.

    Meme coins dominated financial trends with impressive rallies on Monday as Elon Musk launched a pro-Bitcoin political party for Americans.

    Meanwhile, the SushiSwap team supercharged SUSHI’s rebound with a cryptic post on X, hinting at a massive reveal in the next few days.

    SushiSwap X post

    SushiSwap is a DEX that runs on multiple blockchains as an AMM (automated market maker).

    It enables users to swap assets and offer liquidity without traditional order books.

    Despite the scarce details, the upcoming announcement stirred the crypto community.

    While enthusiasts contemplated what the message was about, analysts and traders shifted to the SUSHI price chart.

    The altcoin’s current price of $0.6058 places it within the dependable support zone at $0.57 – $0.60.

    Buyers have aggressively joined here to catalyze significant uptrends.

    A confirmation might send SUSHI’s price to the crucial resistance zone at $0.79.

    That would mean an approximately 30% surge from the meme token’s current price.

    What to anticipate from SushiSwap?

    While the team didn’t disclose the exact nature of the upcoming announcement, SUSHI’s price reaction triggered various speculations.

    Enthusiasts could be bracing for strategic collaborations, protocol upgrades, new product launches, or governance overhaul.

    Some suspect the project might introduce a new utility functionality for the native token or more integrations with decentralized finance protocols.

    Indeed, the DeFi sector has seen increased traction lately, with topics like RWA tokenization, L2 expansions, and staking gaining traction.

    Veteran crypto projects like SushiSwap are likely bracing to leverage this growth.

    As the team prepares this week’s key announcement, traders are looking to capitalize on the potential momentum.

    Coinglass data confirms the enthusiasm. SushiSwap’s volume has rallied 40% to $36.94 million.

    Also, the Open Interest is at $30 after a 6% jump. That signals renewed interest in the project.

    How could these developments influence SUSHI’s price actions in the near term?

    SUSHI price outlook: recovery impending?

    The DEX’s governance token displayed bullishness following the announcement, signaling impending rebounds.

    SUSHI hovers at a crucial region. It trades at $0.6058, with a technical setup supporting upside continuation.

    The alt trades above the foothold at $057 – $0.60, a crucial region that previously attracted significant buying.

    Sushi Price Chart

    Source – CoinMarketCap

    SUSHI bulls are now targeting the nearest resistance at $0.66.

    A decisive close beyond this mark could fuel continued upswings.

    Overcoming $0.6925 would open the gates to $0.7470, and a potential extension to $0.7925.

    That would mean a 30% gain from SUSHI’s current market price.

    However, failure to reclaim $0.66 might delay the possible rally.

    A sudden selling pressure that plunges SUSHI beneath $0.57 could trigger significant dips or sideways price actions.

    Further, broad market sentiments will be vital in shaping SushiSwap’s trajectory.
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