Bitcoin Renko Mari-Ashi Reveals Where The Bottom Lies And When The Rise Will Begin Again

A crypto analyst has shared more insights into the Bitcoin (BTC) price action using a rare Japanese chart pattern called the Renko Mari-Ashi. The chart shows that the Bitcoin price has formed a Double Bottom and could be on the verge of a major breakout. Additionally, it has highlighted the points where the Double Bottom was formed, revealing the area where BTC is likely to start rising again in this cycle.  Bitcoin Double Bottom Formation On The Renko Mari-Ashi Chart  Geometric, a pseudonymous market analyst on X, said on April 28 that the Renko Mari-Ashi chart is signaling another major bottom formation for Bitcoin. He described this chart as a special Japanese chart that focuses solely on a cryptocurrencys price movement, not the timing of its actions.  He said that this chart was designed to filter out market noise and highlight major trends and reversals in a cryptocurrency. Moreover, unlike traditional candlestick charts, which create a new candle at each interval, the bricks on the Renko Mari-Ashi chart are formed only when the price moves by a specific amount, which can take minutes, hours, or days.  Looking at the Bitcoin price action on this rare chart, Geometric tracks the cryptocurrencys movements from 2018 to

05-02

Fed Holds Rates Steady: BTC 77K Effect

Fed Decision and BTC Market Reaction  The Federal Reserve held its benchmark interest rate steady for the third time this year as Middle East conflicts pushed up energy costs. At Wednesday‘s Federal Open Market Committee (FOMC) meeting, it maintained its policy target in the 3.5-3.75% range; this was a session signaling the end of Jerome Powell’s tenure. The anticipated pre-decision move kept Bitcoin near $75,100 and Ethereum near $2,240; however, following the announcement, Bitcoin lost 1.4% and Ethereum 2.3% in the last 24 hours. The Fed emphasized that Middle East developments are creating uncertainty in the economic outlook and maintained its cautious stance. Current BTC price $77,258.50 (+1.58% 24h), in a sideways trend.  Kevin Warsh Fed Chair Candidate: Crypto Connections  The Senate Banking Committee advanced Kevin Warsh‘s nomination to the full Senate for appointment as Fed Chair replacing Powell; with Republicans holding the majority, the final vote is on the horizon. Although Powell’s eight-year term ends next month, it was noted that Warsh would serve as interim chair if not confirmed by May 15. Warsh, with his $100 million fortune, has crypto-linked investments like Solana and Polymarket; he has a positive outlook on Bitcoin. Meanwhile, Coinbase International listed MegaETH (MEGA) futures contracts, and

05-02

Fidelity Adds $19M Into FBTC as Bitcoin ETFs Snap 3-Day Outflow Streak

First inflow day for bitcoin ETFs this week.  Ether ETFs told a different story. The group extended its losing streak to four consecutive days, with net outflows of $23.64 million. Blackrock‘s ETHA accounted for the bulk of the decline, shedding $50.57 million. Additional outflows were seen in Bitwise’s ETHW, Grayscale‘s ETHE, and Fidelity’s FETH.  There were, however, pockets of demand. Blackrock‘s ETHB attracted $29.10 million, continuing to serve as a key inflow channel, while Grayscale’s Ether Mini Trust added $4.72 million. These gains softened but did not reverse the overall negative flow. Trading volumes came in at $339.87 million, with net assets ending at $13.25 billion.  Beyond the major assets, flows weakened. XRP ETFs recorded net outflows of $5.83 million, all of it tied to Bitwise‘s XRP product. Despite relatively modest trading activity of $16.90 million, the move marked a shift from the prior day’s inflows. Net assets held at $1.04 billion.  Solana ETFs also broke their recent inactivity streak, but not in a positive direction. Grayscales GSOL posted a $1.24 million outflow, the sole movement after three days of no trading. Total value traded reached $23.51 million, with net assets closing at $849.48 million.  The broader picture remains one of hesitation. Bitcoins return to

05-02

Visa Taps Japanese Ripple Affiliate To Offer BTC, ETH, XRP Rewards Via Credit Cards

Visa Inc. has partnered with Ripple affiliate SBI Holdings and its crypto division SBI VC Trade to launch a new line of credit cards in Japan. It aims to convert spending rewards into digital assets, such as Bitcoin (BTC), Ethereum (ETH), and XRP.  Visa Partners Ripple-Backed SBI Holdings  The Visa-SBI product will be issued in collaboration with APLUS Co. Ltd. on May 1, according to an announcement. It focuses on offering users the opportunity to acquire crypto exposure with the help of making regular purchases.  The reward points are automatically converted into a chosen crypto at no extra cost, as cardholders spend on it. To get the payouts of the digital assets, Visa requires users to have an account with SBI VC Trade.  There are two versions of the card, one standard with an offering that targets beginners. Meanwhile, the ‘Gold’ premium version targets more spenders with higher returns. The Gold version will be able to give up to 10% in crypto, with the standard version getting up to 2.5%.  Recently, Visa has stepped up its game in the crypto industry. Earlier, this week, it partnered Coinbase-backed Base, Polygon, and other Layer 1 blockchains to support stablecoin settlements.  How Can Users Avail Rewards?  When signing up, applicants

05-02

ZRO Technical Analysis May 1

ZRO is approaching the critical support at $1.3982 from the $1.43 level; under downtrend pressure, RSI 33 gives an oversold signal, but breakdown risk is high.  Current Price Position and Critical Levels  ZRO‘s current price is at $1.43, positioned below EMA20 ($1.63) within the overall downtrend. With a 24-hour loss of 1.52%, the price is squeezed in the $1.42-$1.46 range and pulling back toward strong supports on the 1D timeframe. The Supertrend indicator is giving a bearish signal and highlighting the $1.80 resistance. In MTF analysis, 3 critical levels stand out: there’s a 1 support/2 resistance confluence on 1D, while 3D and 1W show less activity. This structure increases the likelihood of testing the $1.3982 support in the short term; if it holds, a reaction buy could come, but if broken, downside targets will activate. Volume is low at $8.89M, signaling that big players are waiting for liquidity hunting.  Support Levels: Buyer ZonesPrimary Support  $1.3982 (Strength Score: 78/100) – This level stands out as ZROs most critical buyer zone. Originating from the order block structure on 1D and 4H timeframes, this zone has been tested 3 times in the last 2 weeks and rejected each time with strong volume spikes. It shows full confluence

05-02

Exclusive: Bitcoin Breaks $78,000 on Risk-On Shift but Crypto CEO Warns the Rally Has a Ceiling

The post Exclusive: Bitcoin Breaks $78,000 on Risk-On Shift but Crypto CEO Warns the Rally Has a Ceiling appeared first on Coinpedia Fintech News  Bitcoin pushed to $78,254 Thursday, up 2.69% in 24 hours and outperforming a broader crypto market that rose 2.08%, as a macro risk-on shift lifted digital assets alongside equities.  The recovery comes against a backdrop that remains uncertain. President Trump said Thursday he is “not satisfied” with the latest peace proposal from Iran, delivered through Pakistani mediators, sending US oil prices erasing earlier losses on the news. The Strait of Hormuz remains contested. Brent crude has been trading above $120 per barrel. And yet markets are moving higher, a signal that investors are choosing to focus on macro tailwinds rather than geopolitical noise for now.  Is an Altcoin Season Starting?  The question on every traders mind as Bitcoin approaches $80,000 is whether the current move marks the beginning of a broader altcoin rally. Abhay Agarwal, Founder and CEO of GetBit, told Coinpedia the answer requires careful framing.  “Historically, market cycles tend to begin with Bitcoin leading the move,” Agarwal said. “As confidence builds and liquidity expands, capital gradually flows into higher-risk segments of the market.”  He was careful to draw a distinction

05-02

Marscat And Origins Network Join Forces To Power Scalable Web3 Applications With Decentralized Cloud Computing 

As part of efforts to enhance user experiences across AI-powered decentralized applications, Marscat, a Web3 application engine, today announced a strategic partnership with Origins Network, a decentralized cloud computation network. The partnership, announced today, enabled Marscat to integrate Origins Networks decentralized computation infrastructure to advance the effectiveness of decentralized applications on its Web3 application engine platform.  Marscat is a decentralized connection network and Web3 application engine that runs a network for decentralized applications, enabling them to operate in a privacy, serverless environment without reliance on centralized servers, ensuring secure communication, scalable application deployments, and tamper-resistant interactions.  What This Collaboration Means For Marscat  Through the partnership above, Marscat leverages Origins Networks computing infrastructure to ensure a reliable execution of decentralized applications on its Web3 application platform. Origins Network functions as a modular public blockchain that has expertise in connecting Web3 projects with cutting-edge verifiable computation solutions. Its decentralized computation infrastructure enables AI agents and Web3 applications to interact on-chain with rapid (real-time) executions and always-on availability.  The integration of Origins Network‘s computing infrastructure means that Web3 applications on Marscat are now more competitive, thus meeting the need for more users, and as a result, significantly enhancing customer experience. Through the collaboration, Origins Network’s computing solution

05-02

Tom Lee’s Bitmine Locks $508M in ETH, Hold 4% Of Total ETH Supply

The post Tom Lees Bitmine Locks $508M in ETH, Hold 4% Of Total ETH Supply appeared first on Coinpedia Fintech News  Just like Michael Saylor‘s Strategy, Tom Lee’s Bitmine Immersion Technologies is showing no signs of slowing down. According to on-chain data from Arkham Intelligence, Bitmine recently locked around $508 million worth of ETH, adding to its already massive holdings.  The firm now holds a significant share of the network‘s staked supply, impacting ETH’s available supply.  Bitmine Adds $508 Million ETH Stake  Arkham transaction data shows that six large transfers were made from Bitmine-linked wallets to Coinbase Prime staking addresses over the last day. The transactions included multiple ETH deposits worth tens of millions of dollars each.  Some of the largest transfers were worth around $73 million, $69 million, $65 million, and $52 million. Combined, the recent batch of transactions totaled roughly $508 million in Ethereum staking activity.  Tom Lee just staked $508.4M ETH  Bitmine has now staked over 4 MILLION ETH (worth $9.3B) – thats 10.5% of the total staked ETH supply.  Tom Lee is buying and staking ETH. pic.twitter.com/NofM7r0YRG  — Arkham (@arkham) May 1, 2026  This suggests Bitmine is still aggressively expanding its long-term Ethereum strategy instead of slowing down.  Bitmine Now Holds Over 4 Million ETH  Reports suggest that

05-02

Ethereum liquidation map pins $874m long “trapdoor” and $403m short cliff

Coinglass data show Ethereum longs face about $874m in liquidations below $2,206, while shorts risk roughly $403m above $2,412, creating two key forced‑flow bands.Coinglass data show that if Ethereums price drops below $2,206, cumulative long liquidations across major centralized exchanges would reach about $874 million.On the upside, a clean break above $2,412 would flip pressure onto shorts, with roughly $403 million in cumulative short liquidations triggered on mainstream CEXs at that level.These bands mark two key liquidation “walls” where concentrated leverage could turn a 5%–6% move in spot ETH into a much larger derivatives-driven cascade in either direction.  Derivatives analytics platform Coinglass is flagging fresh stress points on Ethereums futures liquidation heatmap, with hundreds of millions of dollars in leverage stacked just above and below current prices.  Coinglass heatmap flags ETHs next forced‑flow zones  According to the latest heatmap bands, if ETH slides under roughly $2,206, the cumulative notional value of long positions queued for forced closure on leading centralized exchanges would reach about $874 million.  Conversely, if ETH breaks convincingly above around $2,412, Coinglass estimates that shorts worth roughly $403 million would be pushed into liquidation, as margin requirements are breached and exchanges auto-close positions.  Coinglass explains in its ETH liquidation documentation that the

05-02

Trader Opens $1.96M MEGA Long at 1x Leverage, Already Down $402K

An onchain trader has opened a $1.96 million leveraged long on 11.96 million $MEGA tokens and is already sitting on $402,000 in unrealized losses, a harsh reminder that altcoin risks do not disappear even when leverage is minimal.  Key Takeaways:Trader 0xcc15 opened a $1.96 million leveraged long on 11.96M $MEGA tokens and is already down $402K as of May 1.The trade highlights the volatility risk of new altcoins like $MEGA even at minimal 1x leverage.$MEGA launched on the Base network in April 2026 and has seen sharp price swings since its debut.  More Context on the $MEGA Position  Lookonchain identified the trader as address 0xcc15, who opened a 1x leveraged long on the $MEGA token via the decentralized perpetuals platform Hyperliquid. At 1x leverage, the position is fully collateralized, meaning the trader should not face a forced liquidation from a single price move, but the $402,000 in unrealized losses reflects how sharply the token has moved against the trade since entry.  Image source: X  $MEGA is a token launched on the Base network by Jesse Pollak, the creator of Base and a senior figure at Coinbase. Pollak publicly explained the reasoning behind the $MEGA launch on X, describing it as an experiment tied to Base‘s

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