Kategorie: Crypto Analysis

Key takeaways

• Bitcoin, Ethereum, and XRP have gained nearly 20%, over 25%, and almost 30%, respectively, this week.
• Expanded U.S. Treasury debt buybacks have improved liquidity expectations and boosted demand for risk assets.
• Bitcoin trades around $76,800 after breaking above its 50-day, 100-day, and 200-day exponential moving averages.

Bitcoin, Ethereum, and XRP extended their rallies Friday as improving liquidity expectations continued to lift the broader cryptocurrency market.

Bitcoin has gained nearly 20% this week, while Ethereum has risen more than 25% and XRP has advanced almost 30%.

The rally gained momentum after the U.S. Treasury announced plans to double the size of certain debt buyback operations. 

The decision eased liquidity concerns and strengthened demand for risk-sensitive assets.

With the three cryptocurrencies trading firmly higher, investors are now watching whether Bitcoin can reach $80,000, Ethereum can reclaim $2,500, and XRP can advance toward $1.50.

Treasury buyback expansion strengthens crypto rally

The U.S. Treasury’s decision to expand its debt buyback program has helped improve sentiment across financial markets.

Larger buybacks can support liquidity in the market for longer-dated Treasury securities, easing financial pressures and encouraging investors to increase their exposure to riskier assets.

Cryptocurrencies responded strongly to the announcement, with Bitcoin, Ethereum, and XRP recording double-digit weekly gains.

Short liquidations also accelerated the rally as bearish traders were forced to close their positions, adding further buying pressure.

Bitcoin was trading around $76,800 on Friday after decisively breaking above its major exponential moving averages.

The 200-day EMA stands at $71,545, while the 100-day and 50-day EMAs are located at $66,727 and $65,286, respectively.

BTC’s position above all three indicators supports a bullish near-term outlook and suggests the market’s broader technical structure has improved considerably.

The breakout was accompanied by strong trading volume, adding credibility to the latest upward move.

Sustained trading above the 200-day EMA would reinforce the case for further gains and could establish the level as new support.

BTC bulls target the $80,000 resistance

Bitcoin’s next major resistance lies near the psychological and horizontal barrier at $80,000.

A move from $74,700 to $80,000 would represent an additional gain of approximately 7.1%.

However, the $80,000 level could attract profit-taking and fresh selling pressure following Bitcoin’s rapid weekly advance.

A decisive break and daily close above the barrier would strengthen the bullish outlook and potentially open the way to higher levels.

Failure to clear $80,000 could lead to a period of consolidation as traders digest the recent gains.

Bitcoin’s momentum indicators remain bullish but increasingly stretched. The relative strength index is hovering near 83, placing BTC firmly in overbought territory. Such an elevated reading does not guarantee an immediate reversal, but it indicates that the rally may be vulnerable to a corrective pause.

The moving average convergence divergence remains strongly positive, showing that upward momentum is still intact.

Together, the indicators suggest bulls remain in control, although the risk of short-term profit-taking has increased.

If Bitcoin retreats, initial support sits at the 200-day EMA near $71,545. Holding above this indicator would preserve the immediate bullish structure and could provide a foundation for another attempt at $80,000.

A deeper correction could bring the 100-day EMA at $66,727 and the nearby horizontal level at $66,500 into focus.

Below that region, the 50-day EMA at $65,286 offers another layer of support, followed by the structural floor at $62,300.

A sustained decline below $62,300 would weaken the broader bullish outlook, while continued trading above the 200-day EMA would keep the $80,000 target within reach.

The post Bitcoin eyes $80k after weekly rally pushes BTC above key moving averages appeared first on CoinJournal.

Key takeaways

• Pi Network trades at $0.09 after recording three consecutive bullish daily closes earlier this week.
• Expanded US Treasury bond buybacks have improved risk appetite and pushed Bitcoin toward $70,000, but PI continues to underperform.
• The token must break above the psychological $0.1000 level and the 50% Fibonacci retracement at $0.1022 to extend its recovery.

Pi Network (PI) trades around $0.090 on Thursday, preserving its three-day recovery from earlier in the week but continuing to lag behind the broader cryptocurrency market.

Renewed risk appetite has pushed Bitcoin above $71,000 after the US Treasury expanded its longer-term securities buyback operations. 

However, PI has failed to attract enough buying pressure to produce a comparable rally.

The token must overcome the psychological $0.1000 threshold to strengthen its recovery and support a more sustained bullish move.

Treasury buybacks lift crypto sentiment

The US Treasury announced that it would at least double the maximum size of certain liquidity-support buyback operations from $2 billion to $4 billion per transaction.

The initiative is intended to support liquidity in the longer-dated Treasury market and address concerns surrounding rising borrowing costs.

Improving bond-market liquidity and easing long-term yields have strengthened investor confidence in higher-risk assets, including cryptocurrencies.

Bitcoin has benefited substantially from the shift in sentiment, advancing toward $70,000 alongside sharp gains across several major altcoins.

Pi Network, however, remains among the market’s notable underperformers. Derivatives data indicates a modest improvement in speculative interest around PI, but retail demand remains relatively weak.

CoinAnk data shows that PI futures Open Interest increased to $9.30 million from $8.82 million the previous day. Open Interest measures the total value of outstanding derivatives contracts and typically rises when traders establish new positions.

Despite the daily increase, the figure remains considerably below the July 15 peak of $12.14 million.

The subdued level suggests that traders remain hesitant to commit substantial capital to PI, even as improving market conditions encourage risk-taking elsewhere in the cryptocurrency sector.

Without a more substantial increase in participation, Pi Network may struggle to keep pace with the broader market recovery.

Technical outlook: Can PI rebound toward $0.10?

Pi Network trades near $0.090 on Thursday, maintaining a neutral short-term outlook.

The token recorded three consecutive bullish daily closes earlier this week, producing a cumulative gain of approximately 4%.

PI has also moved above the 78.6% Fibonacci retracement at $0.0839, measured from the downswing between $0.1341 and $0.0703.

Holding above this level preserves the possibility of an extended recovery. However, PI still faces significant resistance around the psychological $0.1000 mark.

The token’s immediate technical resistance sits at the 50% Fibonacci retracement level of $0.1022.

A decisive daily close above the $0.1000-to-$0.1022 zone could strengthen bullish momentum and attract additional retail participation.

Such a move would also suggest that PI is beginning to capitalize on the improving sentiment across the broader cryptocurrency market.

Failure to overcome this resistance zone could keep the token confined to its current range and increase the likelihood of renewed selling pressure.

PI’s daily momentum indicators reflect a cautious recovery rather than a decisive bullish reversal.

The Relative Strength Index is hovering near the neutral level of 50, indicating that neither buyers nor sellers have established clear control.

Meanwhile, the Moving Average Convergence Divergence indicator remains slightly above its signal line, while its bullish histogram gradually expands. This configuration points to mild upside momentum, but the signal remains too weak to confirm a sustained rally.

A stronger RSI move above 50, accompanied by further MACD expansion and rising Open Interest, would improve PI’s near-term outlook.

The 78.6% Fibonacci retracement at $0.0839 remains PI’s primary support level.

Buyers must defend this area to preserve the current recovery structure. A decisive break below $0.0839 could invalidate the latest rebound and expose the swing low at $0.0703.

Conversely, holding above $0.0839 while building momentum toward $0.1000 would keep the bullish recovery scenario intact.

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Key takeaways

• Hyperliquid’s HYPE token surged 22% to $71.91 following comments from President Donald Trump.
• Trump said CFTC Chair Michael Selig is working to bring Hyperliquid into the US through a compliant and legal framework.
• HYPE must overcome resistance between $73 and $76 to challenge its record high of $76.87.

Hyperliquid (HYPE) rallied more than 20% on Wednesday after President Donald Trump revealed that the Commodity Futures Trading Commission is working on a potential regulatory pathway for the decentralized perpetual futures platform to enter the United States.

HYPE jumped 22% to $71.61 following the remarks, approaching its all-time high of $76.87 as optimism surrounding potential US expansion added to a broader cryptocurrency market recovery.

Trump signals compliant pathway for Hyperliquid

Speaking during a White House meeting with cryptocurrency, financial and technology executives, Trump said CFTC Chair Michael Selig was working to establish a legal route for Hyperliquid to operate in the US.

“I understand that Mike [Selig] is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion, working very hard on that,” Trump said. “We would really like to see it.”

The president’s comments do not mean that regulators have approved Hyperliquid to offer its services in the country. However, they confirm that the CFTC is considering how the platform could enter the US while complying with federal derivatives regulations.

The agency authorized the first perpetual futures contracts on registered US exchanges earlier this year, marking an important step toward bringing the popular cryptocurrency derivatives product into the domestic market.

Perpetual futures are derivatives contracts that allow traders to speculate on an asset’s price without an expiration date.

The products account for a substantial share of global cryptocurrency trading but have traditionally been concentrated on offshore and decentralized platforms due to regulatory restrictions in the US.

A compliant pathway could give Hyperliquid access to one of the world’s largest financial markets while potentially attracting greater institutional participation.

However, operating in the country would likely require the platform to satisfy rules governing registration, market surveillance, customer protection, anti-money laundering measures and derivatives trading.

Trump’s comments came during a wider White House gathering involving leaders from the cryptocurrency and traditional financial industries.

Attendees included Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Robinhood CEO Vlad Tenev, Kraken co-CEO Arjun Sethi and Gemini co-founders Cameron and Tyler Winklevoss.

Nasdaq CEO Adena Friedman and Intercontinental Exchange CEO Jeffrey Sprecher also attended, alongside representatives from Chainlink and venture capital firm Andreessen Horowitz.

Government officials at the meeting included SEC Chair Paul Atkins, CFTC Chair Michael Selig and White House crypto adviser Patrick Witt.

Trump used the event to reaffirm his administration’s ambition to position the US at the forefront of emerging technologies.

“We’re ensuring that America remains the undisputed leader not only in Bitcoin and crypto but also technologies like prediction markets, artificial intelligence and much more,” Trump said.

He also criticized the previous administration’s policies, arguing that they discouraged digital asset innovation in the US.

HYPE approaches all-time high

HYPE climbed 22% to $71.61 after Trump’s remarks, placing the token within reach of its $76.87 all-time high.

The immediate resistance zone sits between $73 and $76. A decisive move above this area could allow HYPE to establish a new record and potentially target the next major resistance near $94.80.

Failure to overcome the $73-to-$76 region could trigger profit-taking after Wednesday’s sharp advance.

The rally also benefited from strength across the broader cryptocurrency market. Bitcoin, Ethereum and Solana recorded substantial gains as a market-wide short squeeze contributed to nearly $3 billion in liquidations over 24 hours.

The post Hyperliquid surges 22% as Trump signals potential pathway into US market appeared first on CoinJournal.

Key takeaways

• HYPE trades below $59 after recording a second consecutive day of gains.
• The Hyperliquid Policy Center and trade[XYZ] have submitted recommendations on pre-IPO perpetual markets to the SEC.
• The proposed instruments would provide price exposure before a company lists publicly without granting shares or investor rights.

Hyperliquid (HYPE) trades above $58 on Wednesday, extending its recovery for a second consecutive session as buyers target a breakout above the psychological $60 level.

The decentralized exchange’s native token maintains a broadly bullish technical structure above its major moving averages. Momentum indicators are also improving without suggesting that the rally has become excessively stretched.

The advance comes as the Hyperliquid Policy Center and trade[XYZ] urge the US Securities and Exchange Commission to establish rules that would allow American investors to access pre-IPO perpetual markets.

Hyperliquid submits pre-IPO market proposal to SEC

The Hyperliquid Policy Center and trade[XYZ], a prominent deployer of perpetual markets on Hyperliquid, jointly submitted a comment letter responding to the SEC’s request for proposals to modernize the Initial Public Offering process.

Their letter highlighted the pricing history of at least five trade[XYZ] pre-IPO perpetual, or IPOP, markets that completed their full lifecycle on Hyperliquid.

The organizations argued that these markets can provide transparent, continuously updated price signals before a company’s shares begin trading publicly.

They also outlined regulatory questions the SEC would need to address before permitting similar products in the United States.

An IPOP is a financial instrument that allows traders to take a directional position on a company’s expected valuation ahead of a scheduled stock market listing.

The contract provides price exposure during the period before the company’s shares become publicly tradable. Prices update continuously based on market demand, potentially offering investors and issuers an early indication of expected listing value.

However, an IPOP is not equivalent to owning pre-IPO equity.

Contract holders do not receive actual shares, allocation rights or voting power. They also have no direct claim against the company referenced by the instrument. The product is designed solely to provide exposure to anticipated price movements ahead of a public listing.

Hyperliquid’s policy organization said American investors are unable to access price opportunities available to traders in other jurisdictions.

It cited SpaceX as an example, saying its pre-IPO perpetual market was priced at $135 before the company listed at $150.

According to the organization, the market provided a visible pricing signal, but US investors had no regulated way to trade it.

Under a new SEC framework, Hyperliquid argued, both American investors and issuers could benefit from the price discovery offered by pre-IPO markets.

Supporters may view such instruments as a way to broaden market access. However, the products could expose retail traders to substantial risks, including leverage, uncertain valuation, limited disclosure and price manipulation before public-market data becomes available.

HYPE maintains bullish structure above major EMAs

HYPE trades at approximately $58.73, retaining a constructive technical outlook. The token remains above its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs). 

This bullish alignment places all three indicators below the current price and provides several potential layers of support.

The Moving Average Convergence Divergence indicator has moved firmly into positive territory, signaling strengthening upside momentum.

Meanwhile, the Relative Strength Index stands near 56. The reading indicates steady buying pressure but remains well below the conventional overbought threshold of 70, leaving room for additional gains.

Immediate support sits at the 50-day EMA around $58.33. Holding this level would preserve HYPE’s near-term bullish structure and support another attempt to clear $60.

Below it, the 100-day EMA at $56.76 represents the next support area. A deeper decline could bring the 200-day EMA at $51.68 into focus as the more important longer-term bullish threshold.

On the upside, a descending resistance trendline remains the main structural obstacle. A sustained daily close above this trendline and the $60 region could confirm a breakout and allow HYPE to extend its recovery.

Failure to clear the resistance zone could encourage profit-taking and push the token back toward the clustered EMA support levels.

For now, the stacked moving averages and positive momentum indicators favor buyers, but HYPE requires a confirmed trendline breakout to strengthen its broader bullish outlook.

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Key takeaways

• PUMP is down 3% on Wednesday after rallying nearly 13% the previous day.
• Futures Open Interest climbed to a record $258.62 million, indicating increased speculative positioning.
• The funding rate surged to 0.039%, reflecting a sharp shift toward leveraged long positions.

Pump.fun (PUMP) declines 3% on Wednesday as traders take profits following an almost 13% rally during the previous session.

Despite the pullback, derivatives data indicates that speculative demand continues to strengthen. PUMP futures Open Interest has risen to an all-time high of $258.62 million, while the funding rate has turned sharply positive.

Pump.fun’s network metrics also show improving adoption. Total Value Locked (TVL) has reached a record 3.34 million SOL, accompanied by rising revenue and active addresses.

PUMP retains a mildly bullish technical outlook above $0.00300 as its 50-day and 200-day Exponential Moving Averages (EMAs) approach a potential Golden Cross.

PUMP Open Interest hits record high

Retail speculation in PUMP is increasing following the token’s more than 40% advance since the beginning of August.

According to CoinGlass, futures Open Interest rose to a record $258.62 million on Wednesday, up from $216.74 million one day earlier. This represents an increase of approximately $41.88 million within 24 hours.

Open Interest measures the total notional value of active futures and perpetual contracts that have not been settled. An increase alongside a price recovery generally indicates that traders are opening new positions and committing additional capital to the market.

The rise supports a bullish interpretation, but it also means leverage is building rapidly. Elevated leverage can amplify price gains while increasing the risk of sharp liquidations if the market reverses.

PUMP’s funding rate climbed to 0.039% on Wednesday, reversing from negative 0.0036% the previous day.

Funding rates are periodic payments exchanged between traders holding long and short positions in perpetual futures. A positive reading means long traders are paying shorts, typically because demand for bullish exposure is stronger.

The rapid shift from negative to strongly positive funding confirms that traders have moved aggressively toward long positions.

However, elevated funding can create a crowded market. If PUMP falls unexpectedly, leveraged longs may be forced to close, potentially accelerating the decline through a cascade of liquidations.

The combination of record Open Interest and sharply positive funding therefore reflects strong bullish sentiment alongside increasing speculative risk.

Pump.fun’s Total Value Locked has increased to an all-time high of 3.34 million SOL, according to DeFiLlama.

TVL measures the value of assets deposited in a decentralized finance protocol. The steady rise in deposits indicates that users are committing more capital to the Pump.fun ecosystem.

The increase strengthens the case that recent activity is not limited to speculation in the PUMP token. It also reflects greater use of the underlying protocol.

Nevertheless, SOL-denominated TVL can fluctuate in US Dollar terms when Solana’s market price changes. Both the quantity of deposited SOL and its Dollar value should be considered when evaluating longer-term growth.

Pump.fun generated 23,706 SOL in revenue on Tuesday, lifting its weekly total to more than 47,500 SOL.

The protocol collected 151,929 SOL in revenue during the previous week, its strongest weekly performance in 18 months.

Active addresses also rose to 81,429 last week, up from 74,438 during the preceding week. That represents an increase of almost 9.4%.

Rising revenue and active addresses indicate increased participation across the platform. If sustained, this activity could support demand for PUMP and strengthen confidence in the protocol’s economic model.

The key question is whether current usage can remain elevated after the recent surge in speculative activity slows.

PUMP approaches a Golden Cross

PUMP trades above $0.00300 at the time of writing, maintaining a bullish short-term structure despite Wednesday’s decline.

The token remains above its 50-day EMA at $0.002214 and its 200-day EMA near $0.002227. These moving averages create a concentrated support zone around $0.00221-$0.00223.

The 50-day EMA is also close to crossing above the 200-day EMA. This formation, known as a Golden Cross, is commonly interpreted as a potential transition from a bearish trend into a longer-term bullish phase.

A Golden Cross is a lagging indicator and does not guarantee further gains. However, confirmation of the pattern could attract additional momentum traders if network and derivatives activity remain strong.

The Relative Strength Index stands near 68, indicating strong buying momentum. The reading remains below the conventional overbought threshold of 70, although it suggests the rally is becoming stretched.

The Moving Average Convergence Divergence indicator remains above its signal line, reinforcing the bullish momentum outlook.

Immediate resistance sits at $0.003399, corresponding with the December 3 high. A decisive daily close above this level could confirm a broader breakout and extend PUMP’s uptrend.

Failure to clear $0.003399 could lead to further profit-taking, particularly given the elevated funding rate and record leveraged positioning.

On the downside, the 200-day EMA at approximately $0.002227 provides initial support, closely reinforced by the 50-day EMA near $0.002214. A daily close below this cluster would weaken the bullish setup and reduce the likelihood of a successful Golden Cross.

PUMP’s near-term direction will likely depend on whether growing network activity can offset the risks created by crowded leveraged long positions.

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