Is Bitcoin Building a Base Before Its Next Big Move Toward $88K?

Bitcoins move above $81K kept the unfilled $84K CME gap and $80.6K support in focus.Loukas said Bitcoins long rebound may signal base building rather than a brief countertrend rally.Whales bought 50,000 BTC in April while macro risks and the Fed meeting stayed in focus.  Bitcoin has gained more than 20% over the past 30 days as market conditions improved and geopolitical tensions eased. The move pushed BTC near the $81,000 level for the first time since February, signaling renewed buying interest.  Selling pressure returned soon after the breakout attempt. Still, the move placed Bitcoin near a key range as traders watch whether momentum could carry the asset toward higher resistance.  Bitcoins 88-Day Move May Signal 2026 Cycle Low  Analyst Bob Loukas said Bitcoin is getting close to the end of a natural countertrend move in a bear market. In an X post, he pointed to the $85,000 to $88,000 area as the zone now coming into focus.  Loukas noted that this move looks different from a typical countertrend rally. He said such moves are usually sharper and shorter, while the current structure appears more like base building over a longer period.  According to Loukas, Bitcoin has now spent 88 days since its low. He said no

05-06

Solana Price Prediction: SOL/BTC Hits 2023 Low, RSI Warns

Bitcoin  Solana Price Prediction: SOL/BTC Hits 2023 Low, RSI Warns  Solana is facing fresh pressure as two weekly charts show weak momentum against both the dollar and Bitcoin. While SOLs RSI resembles its 2022 bear market setup, the SOL/BTC pair has now erased its meme season gains and fallen to its lowest level since October 2023.  Solana RSI Warning: SOL Chart Mirrors 2022 Bear Market Setup  Solana traded near $84.27, while its weekly RSI stood at 35.8, according to the chart shared by More Crypto Online. The RSI remains above the key oversold threshold of 30, but the structure still shows weakness after SOL failed to recover strongly from recent lows.  Solana Weekly RSI Bear Market Comparison Chart. Source:  The chart compares the current Solana setup with the 2022 bear market phase, when SOL moved sideways for an extended period before reaching its final low. More Crypto Online said the weekly RSI now resembles those earlier conditions, especially after traders pointed to Februarys oversold reading as a possible recovery signal.  However, the analyst warned that the chart still needs confirmation. In technical analysis, an oversold RSI can show strong selling pressure, but it does not always confirm a bottom. Price often needs a clear upside impulse before

05-06

Bitcoin Outpaces Ethereum in April Rally with 11.85% Gains

April 2026 has seen a massive rebound from the correction of March. However, it presented a notable divergence between Ethereum ($ETH) and Bitcoin ($BTC). In this respect, Bitcoin ($BTC) jumped from $68,219 to $76,306 while Ethereum ($ETH) jumped from $2,103 to $2,256. As per the data from CryptoQuant, Bitcoin ($BTC) recorded an 11.85% increase, while Ethereum ($ETH) saw a relatively low 7.28% rise. So, the divergence highlights that the market underwent a $BTC-led recovery amid the shifting financial dynamics.  Deconstructing Aprils Recovery — The Divergence in Supply-Demand Structure Between Bitcoin and Ethereum  “If ETH begins to show sustained spot demand similar to BTC, broader altcoin participation may follow. Until then, Bitcoin dominance is likely to persist.”   Bitcoins 11.85% Surge in April Signals Supremacy over Ethereum  In line with the on-chain data, Bitcoin ($BTC) has significantly outcompeted Ethereum ($ETH) with its 11.85% April rally in comparison with a 7.28% gain. This underscores the influence of institutional supply and demand structures in shaping the trajectory of the biggest crypto assets. Particularly, the Coinbase Premium Index of Bitcoin shifted from the negative territory to the positive zone. This signals a renowned interest among the US-based institutions.  At the same time, the exchange netflows presented recurrent outflows. So,

05-06

Ethereum Price Prediction: ETH Tests $2,375 as $2,646 Target

Ethereum is testing major resistance near $2,375 after reaching the top of its short term channel. A clean breakout could shift attention toward $2,550 and $2,646, while rejection may send ETH back to lower support zones.  Ethereum Tests Major Channel Resistance Near $2,375  Ethereum has reached the upper boundary of its 4 hour descending channel, according to the chart shared by Ali Charts. The chart marks $2,375 as the main resistance area, while nearby levels at $2,367 and $2,330 show the short term decision zone.  Ethereum Channel Resistance Chart. Source:  This resistance matters because Ethereum faced rejection from the same channel top in previous moves. Each failed attempt pushed ETH back toward lower channel levels, showing that sellers have defended this area more than once.  If Ethereum fails to clear $2,375, the chart points to a possible retracement toward the lower boundary of the channel. Ali Charts marked that lower area near $2,210, with intermediate levels around $2,290 and $2,250.  However, a daily close above $2,375 would change the short term setup. Ali Charts said that move could trigger a 7% bullish breakout, with the next structural target near $2,550.  For now, Ethereum remains at a key resistance zone. The next signal depends on whether ETH confirms

05-06

XRP Price Prediction: CLARITY Act Faces Hard May 21 Deadline as Pepeto Presale Window Narrows Before Listing

The post XRP Price Prediction: CLARITY Act Faces Hard May 21 Deadline as Pepeto Presale Window Narrows Before Listing appeared first on Coinpedia Fintech News  The XRP price prediction enters its most important month of 2026 after 247WallSt confirmed the CLARITY Act must clear the Senate Banking Committee before the May 21 Memorial Day recess or risk getting shelved for the rest of the year.  XRP trades at $1.38 today per CoinGecko, trapped between $1.30 and $1.45 since February, with a cup-and-handle pattern on the daily chart targeting $1.70 if the breakout holds.  The XRP price prediction also gets support from GraniteShares launching 3x leveraged XRP ETFs on May 7 and Coinbase activating XRP futures on May 1 per 247WallSt. Three catalysts in one month have not lined up for XRP since 2025. But even a breakout to $1.70 returns 23%, and the presale that delivers multiples sits elsewhere.  CLARITY Act Deadline, 3x ETFs, and New Fed Chair All Land in May for Ripple  247WallSt reported that Senator Thom Tillis confirmed he will ask Chairman Tim Scott to schedule the CLARITY Act markup when senators return. GraniteShares lists its 3x Long and 3x Short XRP (XRP) ETFs on May 7, giving retail traders their first

05-06

Polygon (MATIC) Adds Privacy Payments, Targets Institutions

Ethereum scaling solution Polygon has introduced a privacy-focused wallet feature enabling private stablecoin transactions, marking a significant step toward institutional adoption. The feature, announced on May 5, integrates the Hinkal Protocols privacy infrastructure to shield sender, receiver, and transaction amounts while maintaining compliance through zero-knowledge proofs (zkSNARKs).  Polygon‘s new offering provides operational privacy essential for businesses and institutions hesitant to adopt onchain solutions due to the public nature of blockchain transactions. “For onchain payments to go mainstream, businesses need privacy. Not ’hide from regulators privacy. Operational privacy,” noted Polygon community lead Smokey on X. According to Polygon, confidentiality aligns with traditional financial rails, enabling serious stablecoin volume without exposing counterparties and transaction details to the network.  Privacy is implemented through two mechanisms. First, all transactions undergo KYT (Know Your Transaction) screening before execution, ensuring compliance with anti-money laundering (AML) regulations. Second, Hinkals infrastructure allows users to generate audit files for regulators, balancing privacy with regulatory transparency. This institutional-grade privacy feature aims to address a critical gap in DeFi infrastructure, where public ledgers often deter enterprises from migrating significant financial flows onchain.  The integration is part of a broader strategy by Polygon to expand its institutional market share. Stablecoins on Polygon reached a record

05-06

Evernorth Adds Ripple CLO to Board Before Nasdaq Debut

Evernorth appointed four new directors as it advances its planned Nasdaq listing in the United States.Stuart Alderoty, Ripples Chief Legal Officer, joined the board to strengthen regulatory oversight.Robert Kaiden, CFO of the OpenAI Foundation, will support financial reporting and transparency.Ted Janus brings over three decades of institutional investing experience to guide treasury management.Derar Islim adds operational expertise from his leadership roles at Genesis Global Trading.  Evernorth advanced its U.S. listing plans after appointing four directors to its board. The company confirmed the additions as it progresses toward a Nasdaq listing. It also expanded its executive team and advanced its SEC registration process.  Evernorth Expands Board Ahead of Nasdaq  Evernorth confirmed it will appoint four directors after completing its merger with Armada Acquisition Corp. II. The company stated that the move supports its planned Nasdaq listing. It said the board expansion strengthens governance and operational oversight.  Stuart Alderoty, Chief Legal Officer at Ripple, will join the board. He previously held senior legal roles at CIT and HSBC North America. Evernorth said his regulatory experience will guide compliance efforts.  Robert Kaiden, Chief Financial Officer of the OpenAI Foundation, will also join the board. He earlier served as Twitters Chief Accounting Officer and worked as an audit partner

05-06

Avalanche (AVAX) Price Prediction: AVAX Eyes $10.80 Breakout as Price Holds Key $9 Support Zone

Avalanche (AVAX) is holding firm above the key $9 support zone as improving price structure and network efficiency keep traders focused on a potential breakout towards $10.80.  AVAX price is starting to show signs of controlled recovery after weeks of weak price action. According to Brave New Coin, Avalanches current price is $9.27, up 0.54% in the last 24 hours, with a market cap of nearly $4.00 billion.  AVAX Price Finds Buyers Near the $9 Zone  AVAX price is showing a modest recovery after defending the lower end of its daily range. According to Brave New Coin, AVAX is trading around $9.27, up 0.54% over the past 24 hours, after rebounding from an intraday low near $9.05.  The move is not yet a major breakout, but it does show that buyers are still responding around the $9.00–$9.10 area. For now, this zone remains the first support to watch, while a stronger push above $9.50 would be needed to confirm improving short-term momentum.  AVAX and RSI Approach Breakout Structure  The technical setup shared by ShangoTrades shows AVAX price and RSI moving within similar tightening structures. Price is forming a compression pattern, while RSI is also pushing against its own descending resistance, which often appears before a momentum

05-06

Wall Street warns human-built markets can’t keep up with machine-speed trading

Miami Beach, FL — A growing group of Wall Street and crypto executives say the financial system is heading toward a breaking point, as markets shift from human-paced processes to machine-driven activity that runs around the clock.  “We‘re moving to a world where transactions happen at a speed no human can track,” Sandy Kaul, head of digital assets and innovation at Franklin Templeton, said during a panel on the future of capital markets at Consensus in Miami on Tuesday. At the same time, “almost every process in capital markets today was built for humans, and none of them will stand up to what’s coming,” she added.  The tension between those two ideas — faster, automated markets and legacy systems designed for manual oversight — sat at the center of the conversation.  For decades, financial markets have relied on layered processes to handle trades. Systems batch transactions, reconcile records and settle trades hours or even days later. That structure dates back to a time when physical stock certificates moved across Wall Street by hand.  Now, blockchain infrastructure is starting to remove those constraints. Panelists pointed to tokenization — the process of turning assets like stocks or money market funds into digital tokens — as a

05-06

Cryptos value is from being outside regulatory apparatus, says Arthur Hayes

Miami, FL — Crypto doesnt need regulation – something that charting the price of bitcoin over successive U.S. governments clearly shows, according to the provocative co-founder of BitMEX and CIO of Maelstrom, Arthur Hayes.  Hayes‘ thesis is simple: fiat liquidity – precisely, the printing of more units of fiat money – is the only thing that affects bitcoin’s value proposition.  “If you want to talk about the price of Bitcoin and what‘s the fair value, or what’s the future price, all that matters is how many units of fiat are there today,” Hayes told the audience at Consensus Miami 2026. “How many units of fiat will there be in the future, and whats the pace of this fiat creation?”  While there‘s a lot of talk about tradfi and regulators and crypto coming together and having this “bastard child,” the majority of people who attend conferences like Consensus want only to see the number go up, Hayes said. But they forget what has made the price of Bitcoin go from from zero to however many trillions of dollars that it’s worth today, he added, hammering his thesis home:  “The more money that is printed in the U.S. and around the world, the more value that

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