Why The Bitcoin Price Could Hit $68,000 Again

The Bitcoin price is currently sitting on a key support trendline that could determine its next major move. According to a crypto analyst, a breakout from this level could lead to two possible scenarios. On the bullish side, the cryptocurrency could extend its recent price recovery and push higher. However, in a bearish scenario, the analyst predicts a steep decline, with price possibly revisiting $68,000. Given the significance of this trendline, analysts and traders are closely watching to see how Bitcoin will react here.  Bitcoin Price Sits At Critical Make Or Break Trendline  Crypto market analyst Ardi has presented another compelling Bitcoin price analysis on X. However, this time, he has outlined two potential price scenarios for the flagship cryptocurrency. While others believe that Bitcoin may have entered bullish territory following its surge above $79,000, Ardi still maintains a cautious stance even as he projects possible bullish scenarios.  In his post, Ardi noted that the Bitcoin price is currently sitting at a critical technical area where two key support levels are converging. He said that these supports include an established ascending trendline pointing toward $79,418 and a liquidity zone around the $77,300 level.  According to him, this ascending trendline has guided Bitcoin‘s price action

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Bitcoin Price Hold Support Zone as Heavy Shorts Dominate Market

Bitcoin stays below $78K resistance as weak demand limits upside despite easing sales.Support at $65K-$70K holds firm, with $68K now the key short-term level to watch.Spot selling has eased, while weak demand and elevated short exposure still cap upside.  Bitcoin remained capped below key resistance after failing to hold above the True Market Mean near $78,000. Support stands at $65,000 to $70,000, where buyer activity has built over two months. Spot selling has eased, yet demand remains weak, and short exposure stays high.  According to the Glassnode report on Wednesday, rejection came at the same zone flagged earlier as the main ceiling for the current bear market rally. Price failed to stay above the True Market Mean at $78,000 and the short-term holder cost basis at $79,000.  $68K Support Holds as Selling Pressure Persists  However, focus has now shifted to support near $68,000. That level marks the -1 standard deviation band of the Short-Term Holder Cost Basis. It stands as the nearest structural support in the short to mid-term.  Source: Glassnode  On-chain data showed how the rejection developed. The 24-hour simple moving average of short-term holder realized profit rose sharply as Bitcoin moved toward $80,000.  That reading climbed to about $4 million per hour. It was around

04-30

Powells Last Pause: A Divided Fed, a Frozen Bill, and Bitcoins $250K Bull Case in Retreat

The benchmark federal funds rate stayed in a target range of 3.5% to 3.75%, a third consecutive hold, with the committee citing “developments in the Middle East” as a key source of economic uncertainty. The vote itself was the more interesting tell — an 8-4 split, with Governor Stephen Miran pushing for an immediate cut and three more dissenting against language that left the door open to easing later in the year.  For Bitcoin, the read-across was unambiguous and immediate. BTC, which had spent the morning trying to clamber back above $77,000, drifted lower on the announcement and was trading near $75,400 by late Wednesday in New York. Ether followed it down, slipping under $2,250. The pair extended what is now a multi-week decline from local highs near $79,500 on April 21, and a roughly 40% drawdown from October 2025s all-time high near $126,000.  Why the Fed sat tight  The macro backdrop the FOMC pointed to is genuinely awkward. Brent crude has been pinned above $100 a barrel for most of April as ships continue to struggle to transit the Strait of Hormuz, the chokepoint through which roughly 20% of seaborne oil flows. The US national average gas price hit $4.22 a gallon

04-30

Powell to remain Fed governor despite Trumps unprecedented criticism

Jerome Powell says he will continue to serve as a Fed governor, calling Trumps criticism “unprecedented.” The odds of Powell stepping down as Fed Chair by May 14 are at 4.9% YES, up from 4% yesterday.  Powells firm stance has dampened expectations for his early departure. The May 14 market shows minimal movement, suggesting traders are not pricing in a sudden resignation. The May 15 market is more volatile, sitting at 73.5% YES, which points to traders expecting some catalyst right after the May 14 resolution.  The term structure shows a 69-point jump from May 14 to May 15, suggesting a specific event or announcement traders believe will land immediately after May 14. The May 31 and June 30 markets price Powells eventual departure with high confidence, at 96.2% and 99.4% respectively.  USDC trading volume is $7,068 daily in the May 14 market and $7,888 in the May 15 market. The May 15 market is thin: just $507 would shift the price by five points, meaning a single significant order could cause a sharp move.  Powell‘s statement works against the case for his immediate departure. At 5¢, buying YES on May 14 pays $1 if he steps down, a 20x return. Traders should weigh

04-30

Iran offers combat insights to SCO allies, impacting US-Iran ceasefire outlook

Tech  Iran offers combat insights to SCO allies, impacting US-Iran ceasefire outlook  Irans proposal to share combat experiences against US forces with SCO allies has traders reevaluating the odds of a US-Iran ceasefire. The market for a ceasefire announcement by April 30 is at 1.1% YES, down from 3% yesterday and 16% a week ago.  Market reaction  Iran‘s offer at the SCO summit strengthens anti-US military alignment and is dragging down the US-Iran ceasefire market. This coincides with Iran’s insistence that the US naval blockade violates the current truce, adding further downward pressure. The April 30 contract sits at rock-bottom levels.  Why it matters  For the US-Iran diplomatic meeting by June 30, the “no meeting” odds are 22.2% YES, up from 16% yesterday. Iran choosing military alliances over diplomacy is bearish for direct negotiations with the US, pushing odds higher that no talks materialize by the deadline.  The ceasefire market has $17,092 in total USDC traded, and it takes just $1,875 to shift the price by 5 points. This is a thin market where a few large trades create outsized moves. The largest price move was a 3-point drop, consistent with trader skepticism about any near-term diplomatic progress.  What to watch  At 1¢, a YES share pays $1 if

04-30

Pi Network Price Rises Ahead of Consensus 2026

Pi Network‘s token climbed more than 5% on April 29 ahead of Consensus 2026 in Miami on May 5 to 7, where both co-founders Dr. Chengdiao Fan and Nicolas Kokkalis are confirmed speakers, marking the project’s most prominent mainstream industry appearance since its Mainnet launch.Dr. Chengdiao Fan will speak at Consensus 2026 on how Pi Network‘s human verification model addresses AI-era identity challenges, while Nicolas Kokkalis will address the protocol’s proof-of-personhood infrastructure.PI has risen approximately 11% on a weekly basis as of April 29, outperforming most large-cap altcoins during a broader market decline driven by FOMC and Iran uncertainty.Pi Network sponsored Consensus 2026 and has 421,000 active Mainnet nodes, over 10 billion PI migrated to Mainnet, and the Protocol 23 smart contract upgrade now targeted for May 11.  Pi Network price gained more than 5% on April 29, BanklessTimes reported, as the market reacted to the confirmation that both Pi Network co-founders will appear at Consensus 2026 in Miami from May 5 to 7. Dr. Chengdiao Fan is scheduled to speak on proving human identity in the AI era, a topic directly connected to Pi‘s core proof-of-personhood architecture, while Nicolas Kokkalis will address the protocol’s broader Mainnet development trajectory.  Pi Network Price

04-30

Bitget Wallet and VeloraDEX for Deeper Liquidity and Better Pricing

Bitget Wallet, a top-tier, non-custodial Web3 multi-chain wallet that provides an all-in-one platform for managing over 1 million crypto assets, has announced its strategic partnership with VeloraDEX, a cross-chain decentralized exchange platform. The hidden purpose of this landmark collaboration is to expand multi-chain trading with wider liquidity and better pricing. Bitget Wallet has shared this news through its official social media X account.  Another day, another DEX.  VeloraDEX Gains Broader Chain Access and Liquidity via Bitget Wallet API  VeloraDEX is one of the best decentralized exchange platforms. VeloraDEXs partnership with Bitget Wallet API increases access to 7 major blockchain networks, deeper liquidity pools, and better swapping pricing, and streamlined decentralized trading functionality. The integration of VeloraDEX and Bitget Wallet API enables multiple functions under a single platform.  The partnership of Bitget Wallet and VeloraDEX is beneficial for both platforms and builds a strong connection between these two platforms for further growth in the future. VeloraDEX enjoys faster deployment, broader chain compatibility, expanded liquidity access, and more competitive trading routes.  Redefining DeFi with Scalable Web3 Solutions  Users will be satisfied with potentially better rates, wider token coverage, improved swap execution, and easier multi-chain trading. Bitget Wallet is entirely built on Web3 technology and is always ready to

04-30

Fed rate hike odds rise amid memory shortage, energy disruptions

Wall Street traders are now pricing an 11% chance of a Federal Reserve rate hike this year, up from 5% earlier Wednesday. The odds of a rate cut have dwindled to 2%.  The shift follows hawkish signals from policymakers amid ongoing supply shocks, including the global memory shortage and energy price surges from Middle Eastern disruptions. The Fed Rate Decisions market sits at 0.1% YES for a 25 bps cut, with the 50+ bps cut market showing the same odds.  The Fed Rate Cuts Predictions for 2026 market remains inactive, consistent with growing consensus against cuts as hawkish signals persist. The June and July 2026 meeting markets tell a clearer story. Odds for a 25 bps cut in June are at 3.4%, while July prices at 84.5% for no change.  Volume on the Fed Rate Decisions market is $9,464 in USDC traded daily. It takes $2,075 to move the market five points, which means its relatively stable but could shift with larger trades. The biggest single move in the past 24 hours was a two-point drop in the July market at 3:40 PM.  The markets tilt toward a rate hike tracks external inflation pressures, specifically the “RAMmageddon” memory shortage and Middle Eastern energy disruptions.

04-30

Visa (V) expands stablecoin settlement network as volume hits $7 billion run rate

Visa (V) is expanding its stablecoin push by adding support for five more blockchains as it leans into a multichain approach to global payments.  The payments giant said Wednesday its stablecoin settlement pilot now spans nine networks and has reached a $7 billion annualized run rate, up 50% from the prior quarter. The program lets issuers and acquirers settle transactions using stablecoins instead of traditional banking rails.  The newly supported blockchains are Coinbase‘s Base, Polygon, Canton Network, Circle’s Arc and Stripe-backed Tempo, joining existing integrations with Ethereum, Solana, Avalanche and Stellar.  Visas move comes as stablecoins — cryptocurrencies with prices tied to fiat money — are gaining ground as a way to move money across borders. Visa has been testing that model through pilots and regional rollouts, including USDC settlement tied to card programs in more than 50 countries.  Instead of waiting days for funds to move through banking systems, partners can settle transactions using blockchain-based dollars that move in near real time. By supporting multiple networks, Visa is aiming to give partners access to different pools of liquidity without added complexity.  “Our partners are building in a multi-chain world, and they expect their options to reflect that reality,” said Rubail Birwadker, Visas global head

04-30

BNB Chain Leads With 150,000 AI Agents Deployed

BNB Chain has surpassed 150,000 on-chain AI agent deployments as of April 2026, a 43,750% increase since January, while Binance simultaneously launched its Agentic Wallet, a keyless wallet allowing AI bots to trade and transfer tokens on behalf of its 250 million users without accessing their primary accounts.BNB Chain‘s AI agent count grew from a minimal base in January 2026 to over 150,000 deployments by April, driven by the network’s low fees, high throughput, and developer tooling for autonomous agent deployment.Binance‘s Agentic Wallet is a keyless wallet architecture specifically designed for AI agents, allowing automated trading and transfers within defined parameters without the bot touching the user’s main account keys.BNB price held above $625 during the broader April 28 to 29 market decline, with analysts citing BNB Chains structural AI agent demand as a driver of relative price resilience compared to Ethereum and XRP.  BNB Chain became the leading blockchain for autonomous AI agent deployments by April 2026, with Bitget News confirming over 150,000 on-chain agents operating across the network, a 43,750% increase since January 2026. The same period saw Binance launch its Agentic Wallet, a keyless wallet infrastructure designed to let AI bots execute trades and token transfers on behalf

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