TJ Miller sagt, dass es irgendwann einen Film über die Bitcoin-Revolution geben wird und dass Prominente nicht mehr Willens sind, über Bitcoin zu lernen.
Bitcoin price jumps to $94,680, eyes $100,000 amid rising greed signals
- 10% weekly gain marks Bitcoin’s strongest move in weeks.
- Profit/Loss ratio close to 1.0, hinting at potential breakout.
- Greed sentiment reaches its highest level since November 2024.
Bitcoin has broken above $90,000 after five weeks of sideways trading, reigniting excitement across the cryptocurrency market.
As of now, Bitcoin is trading near $94,680, posting over a 10% increase over the past week and edging close to the crucial $95,761 resistance level.
Source: CoinMarketCap
Investors are watching closely, as a move above this threshold could set Bitcoin on a clear path toward the $100,000 milestone.
However, sentiment indicators also show signs of overheating, with greed levels among Bitcoin holders reaching their highest since Donald Trump’s election night on November 5, 2024.
Although momentum remains positive, market conditions suggest that Bitcoin faces a delicate balancing act between sustaining its rally and avoiding a sentiment-driven pullback.
Traders, analysts, and institutional investors are all closely monitoring how Bitcoin will behave near these key technical levels in the coming sessions.
Bitcoin rally builds as P/L ratio nears 1.0
Bitcoin’s macro momentum is strengthening as the Profit/Loss (P/L) ratio moves closer to the neutral 1.0 mark.
A 1.0 ratio reflects an equal number of coins in profit and loss, signalling a healthier and more balanced market structure compared to earlier periods of extreme loss.
Historically, this level has acted as a strong resistance during bear cycles, but a successful move above it could clear the way for continued upside and renewed investor confidence.
Still, a near-neutral P/L ratio often introduces volatility. Investors reaching breakeven or modest profits may be tempted to sell, creating selling pressure even as overall sentiment remains positive.
Bitcoin’s ability to maintain strength will depend on whether holders stay committed as the price tests new highs, especially as short-term traders eye quick profits.
Rising greed highlights risks for Bitcoin
Investor sentiment surrounding Bitcoin has grown sharply more optimistic.
Data from social media shows a surge in bullish posts, with current optimism levels comparable to those seen on November 5, 2024, when Donald Trump was elected.
Trading forums, cryptocurrency news outlets, and blockchain social analytics platforms have all reported a noticeable uptick in the volume of positive Bitcoin commentary, reflecting widespread bullishness.
While this growing confidence fuels Bitcoin’s rally, it also brings the risk of a sentiment-driven top.
When investor greed peaks, markets often experience abrupt corrections as traders rush to lock in gains.
Bitcoin’s price trajectory over the coming days will largely hinge on whether investors continue to hold through volatility or trigger a wave of profit-taking.
Maintaining momentum above key resistance levels could prevent a deeper correction, but the margin for error appears slim.
Resistance and support zones in focus
Bitcoin’s immediate resistance remains at $95,761. A decisive break above this level could accelerate gains, putting Bitcoin on track to test the $100,000 psychological barrier.
The persistent greed among traders could discourage profit-taking and instead drive prices even higher if momentum remains strong, creating the potential for an explosive rally.
If Bitcoin fails to sustain its levels and falls below $93,625, the risk of a pullback increases significantly.
Further downside towards $91,521 could weaken bullish momentum, while a deeper decline to $89,800 could extend Bitcoin’s consolidation phase, possibly leading to a re-evaluation of bullish expectations.
For now, Bitcoin’s next steps will likely depend on a combination of technical breakouts, investor sentiment trends, and broader market liquidity conditions.
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Monero (XMR) rallies to 5-year peak; can it hit $543 ATH?
- Monero (XMR) hits 5-year high at $347.72 with volume spike.
- XMR’s price rise is due to speculation and privacy demand, and it is supported by bullish patterns.
- Monero’s next targets are at $350 and $480, with the ATH at $543 in sight.
The Monero (XMR) price soared to a 5-year high of $347.72 according to CoinGecko data, before pulling back to around $288.76 at press time amid speculation Monero was used to launder 3,520 stollen BTC worth $330.7 million.
This remarkable rally has captured the attention of the cryptocurrency market, with trading volumes skyrocketing from an average of $50 million on a 7-day rolling basis to over $218 million in just 24 hours.
Why is Monero price rising today?
This remarkable rally has left many wondering what is driving Monero’s price upward.
Apart from the news of XMR being used to launder stolen bitcoins, there appears to be no other clear catalyst behind the price movement, leading analysts to speculate that the rally may be driven by speculative trading, which suggests that market sentiment and trader behavior are playing a significant role.
Monero, a privacy-centric cryptocurrency based on the CryptoNote protocol, ensures that all transactions are unlinkable and untraceable, making it a popular choice for users seeking anonymity.
Adding to the bullish outlook are technical patterns, including a giant ascending triangle that has been forming over nearly 8 years, characterized by a series of higher lows converging with a horizontal resistance line around $400-$450, indicating a potential breakout.
XMR is forming a giant ascending triangle – 8 years of consolidation.
This is something!@crypto_birb @thecryptomonk what do you think?#XMR #Monero $XMR pic.twitter.com/4eusyDmYTp
— Mihir (@RhythmicAnalyst) April 28, 2025
Furthermore, a double bottom pattern on the weekly timeframe, a classic reversal formation, has been confirmed with a clean retest, signaling strong bullish momentum and providing a solid foundation for a long-term uptrend.
On-chain metrics further support this positive sentiment, with Monero’s open interest in futures reaching its highest level since December 20, reflecting new money entering the market and suggesting a rally ahead.
Moreover, the growing demand for privacy coins, driven by increasing concerns over data security and anonymity, positions Monero as a leader in this niche market, attracting both retail and institutional investors.
How high can the price of XMR go?
With the current bullish momentum, traders and investors are keenly interested in how high Monero’s price can go.
Technical analysis provides some insights, with the ascending triangle pattern suggesting a potential target of $350 if the breakout is confirmed, while the double bottom pattern points to targets around 26%, 48%, and up to $480.
Beyond these technical targets, the all-time high of $543, reached in January 2018, remains a key psychological and resistance level that could come into play if the rally continues, potentially attracting more attention and investment but also leading to profit-taking and increased volatility.
However, traders should exercise caution, seeing that the Relative Strength Index (RSI) has entered the overbought region, signaling a possible pullback before the continuation of the bullish trend.
The price trajectory will also be influenced by broader market sentiment, adoption rates, and regulatory developments, particularly concerning privacy coins, which have faced scrutiny in some jurisdictions; regulatory clarity or positive developments could act as a catalyst for further price appreciation, while adverse regulations could pose challenges.
Additionally, with a current market capitalization of $5,422,488,199, Monero ranks as the 27th largest cryptocurrency, and a sustained rally toward its all-time high could propel it higher in the rankings, increasing its visibility and appeal to a broader range of investors.
Despite previous challenges faced by privacy cryptocurrencies like Monero, Monero’s robust privacy features, continuous technological advancements, and strong community support position it well for future growth, making it an attractive prospect for long-term investors.
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Pengu Penguins (PENGU) jumps to two-month high: what’s fueling the rally?
- Pengu Penguins (PENGU) price surges 43.7% in 24 hours to a two-month high.
- Bullish technicals and ecosystem growth fuel the surge, but RSI signals overbought conditions.
- Pengu Penguins ETF approval may drive PENGU past $0.015 to $0.022.
The cryptocurrency market has been electrified by the meteoric rise of Pudgy Penguins (PENGU), which has soared to a two-month high, captivating investors and traders alike.
In 24-hour, PENGU’s price has surged by 43.7%, climbing to $0.01394, a level unseen since February, breaking through stubborn resistance barriers.
After weeks of languishing in a tight trading range between $0.004 and $0.0073, the token has finally awakened, propelled by a mix of technical momentum and fundamental catalysts.
Trading volume has also exploded by 215.26% to $476.86 million, while derivatives activity has skyrocketed by 328.66% to $1.27 billion according to Coinglass data, reflecting the intense interest fueling this rally.
Why is the Pengu Penguins price rising today?
PENGU’s breakout from a prolonged consolidation phase marks the starting point of this rally, as the token shattered its multi-week trading range with decisive force.
This technical shift was accompanied by a dramatic spike in trading volume, a telltale sign of strong buyer conviction and a potential trend reversal.
Bullish signals from the Relative Strength Index (RSI), now exceeding 85, highlight the overwhelming buying pressure propelling the price upward.
Similarly, the Moving Average Convergence Divergence (MACD) has flipped into bullish territory, with the MACD line surging past the signal line, reinforcing the upward momentum.
For three consecutive days, Pudgy Penguins (PENGU) has closed above both its 20-day Exponential Moving Average (EMA) and 50-day Simple Moving Average (SMA), a rare alignment signaling a possible transition to a sustained uptrend.
The Average True Range (ATR) has also been trending higher since April 21, indicating a return of volatility that often precedes significant price movements.
Beyond technicals, the Pudgy Penguins ecosystem is buzzing with developments, such as the recent launch of Abstract Chain, a zero-knowledge Layer 2 network on Ethereum designed to boost scalability, and its launch on the US-based Robinhood platform that has offered the token more exposure.
In addition, the upcoming Solana Security Class, set for April 26, 2025, in collaboration with Boring Security DAO, promises to enhance community trust by educating users on blockchain safety, creating some hype for the token.
Perhaps the most tantalizing driver is the potential approval of a PENGU ETF, filed by Canary Capital, which could unlock a flood of institutional capital.
This speculation alone has likely spurred traders to pile in, betting on a transformative shift that could elevate PENGU’s status in the crypto market.
How high can the price of PENGU go?
With PENGU’s price already up over 43% in a day, the focus now shifts to its next targets, starting with the critical resistance level at $0.0145.
A decisive break above $0.0145, backed by robust volume, could propel the token toward $0.015, a psychological threshold that previously halted advances in January.
Should momentum carry it past $0.015, the $0.022 mark looms as a plausible target, where prior support levels might now attract fresh buying or profit-taking.
However, maintaining these gains hinges on PENGU’s ability to stay above these zones, especially with the RSI signaling overbought conditions that could foreshadow a near-term pause.
A failure to breach $0.0145 or $0.015 might trigger a retreat, with potential support emerging around $0.01 or even $0.006, the upper edge of its former range.
The wildcard in this equation is the prospective PENGU ETF approval, which could catapult the price far beyond current expectations.
An approved ETF would allow institutional players to invest indirectly, potentially mirroring the explosive rallies seen with Bitcoin following its own ETF milestones.
This influx of capital could stabilize volatility, enhance PENGU’s legitimacy, and drive it toward previous peaks or entirely new heights.
However, uncertainty around the ETF’s timeline tempers this optimism, as a “buy the rumor, sell the news” reaction could see gains evaporate post-approval.
Derivatives markets, according to Coinglass, offer a mixed outlook: a slightly bullish long/short ratio of 1.0309 contrasts with bearish sentiment among top traders on Binance and OKX, hinting at caution amid the rapid climb.
Still, with ecosystem growth, a passionate community, and technical strength in play, Pudgy Penguins (PENGU) stands poised for further gains if it can clear the hurdles ahead.
The coming days will reveal whether this surge is the dawn of a lasting bull run or a fleeting spike fueled by hype.
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‘Floor is lava’: SEC’s Peirce slams murky US crypto rules, calls for clarity
- SEC’s Peirce likens navigating unclear US crypto rules to “floor is lava.”
- Peirce flags uncertainty over asset classification and staking compliance.
- Commissioner Uyeda calls for broader crypto custody options (e.g., state trusts).
Navigating the regulatory landscape for cryptocurrency in the United States feels akin to playing a high-stakes game of “the floor is lava,” according to Securities and Exchange Commission (SEC) Commissioner Hester Peirce.
Speaking forcefully at an SEC roundtable discussion on custody rules, Peirce painted a picture of firms leaping precariously between ill-defined regulatory zones, uncertain of the ground beneath them.
Using the vivid children’s game analogy during the “Know Your Custodian” roundtable on April 25, Peirce described how companies involved with digital assets are forced to operate.
They must constantly maneuver to avoid direct contact with crypto assets deemed potentially problematic, all while lacking clear guidance on what constitutes safe territory.
“Firms engaging in crypto must jump from one poorly defined regulatory space to another,” she stated, highlighting the pervasive uncertainty.
Key questions linger: Which specific crypto assets are considered securities? Could activities like staking or exercising voting rights inadvertently trigger regulatory violations?
This lack of clarity, Peirce argued, leaves firms operating in the dark and significantly hampers the market’s ability to develop responsibly under the existing framework.
Custody conundrum: echoes of uncertainty
Peirce’s critique focused particularly on the confusion investment advisers face regarding asset classification and identifying who qualifies as a custodian for digital assets under SEC rules.
Fellow SEC Commissioner Mark Uyeda shared these concerns, explicitly suggesting the SEC should broaden the scope of permissible custodians.
He advocated for including state-chartered, limited-purpose trust companies as qualified custodians for crypto assets, arguing that the current narrow options restrict market growth.
Without adequate and clear custodial solutions, Uyeda noted, brokers and alternative trading systems (ATS) face significant hurdles in facilitating crypto trading effectively.
Tailored rules for diverse assets
Beyond custody, Peirce emphasized the need for regulations that acknowledge the inherent diversity within the digital asset ecosystem.
She argued against a one-size-fits-all approach, suggesting that while some crypto assets clearly necessitate qualified custodians for investor protection, others might be better suited for self-custody arrangements.
Overly rigid regulations, she warned, risk stifling the innovation inherent in decentralized transactions.
Peirce urged the SEC to develop a framework that recognizes and accommodates the unique characteristics of different types of crypto assets.
Calls for Clarity and Collaboration
The calls for clearer rules resonated with former SEC Chairman Paul Atkins, also present at the discussion.
Atkins voiced support for establishing a more defined regulatory environment to enable the crypto market’s potential.
He highlighted blockchain technology’s inherent benefits, such as enhanced efficiency, reduced counterparty risk, and increased transparency.
Critically, Atkins stressed the importance of the SEC collaborating proactively with market participants and lawmakers to craft regulations that genuinely meet the evolving needs of the crypto industry.
Both Peirce and Atkins implicitly criticized the regulatory approach under the previous SEC leadership of Gary Gensler, suggesting it contributed significantly to the current state of uncertainty.
As institutional involvement in crypto grows, Peirce reiterated the urgent need for unambiguous custodial solutions that meet robust legal and regulatory standards.
Without clear guidelines on both custodianship and how different digital assets are classified, she concluded, the US crypto market will continue to struggle to expand securely and fulfill its potential.
The overarching message from the commissioners was clear: a more defined, nuanced, and collaborative regulatory approach is essential for the crypto industry to thrive while ensuring adequate investor protection.
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