Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

BNB price forecast: BNB sets a new ATH, targets $1k

Key takeaways

  • BNB surged by over 4% in the last 24 hours to hit a new all-time high of $882.
  • Binance’s native coin could rally to the $1k psychological level in the medium term.

Binance’s BNB hits a new all-time high

The cryptocurrency market performed positively on Wednesday following two days of steady decline. Bitcoin bounced back to trade above $114k after dropping to the $111k level earlier this week.

Ether, the leading altcoin by market cap, defended its price around the $4,100 support zone and is now trading around $4,300 per coin. However, BNB, Binance’s native coin, stole the headlines after hitting a new all-time high.

BNB added 4% to its value in the last 24 hours and hit a new all-time high price of $882 four hours ago. The positive performance shows BNB’s resilience during the recent market correction, as the coin didn’t record huge losses. This allowed it to immediately bounce back and hit a new all-time high. The new milestone also showcases Binance’s status as the leading cryptocurrency exchange in the world in terms of trading volume, as its BNB coin continues to gain adoption.

BNB’s rally also comes as Bitcoin’s dominance, measuring the largest crypto’s market share in the total market capitalization of digital assets, is on the brink of making a fresh six-month low. The declining Bitcoin dominance signals that smaller, riskier tokens are taking leadership in market gains, with analysts now suggesting that the altcoin season is here.

BNB eyes $1k as bulls regain control

The BNB/USD 4-hour chart is bullish and efficient thanks to BNB’s recent record high. With efficiency gained, BNB could be getting ready for another leg up. The technical indicators suggest that the bulls are also in control of the market.

The RSI of 59 shows that BNB is not yet in the overbought region and has room for growth. The MACD lines are also within the positive territory, suggesting a bullish momentum.

BNB/USD 4H chart

At press time, BNB is trading at $862, down 2% from its all-time high. If the rally continues, BNB could surge to the $900 mark over the next few hours or days. An extended bullish trend could see BNB test the $1k level for the first time in its history.

The post BNB price forecast: BNB sets a new ATH, targets $1k appeared first on CoinJournal.

Veröffentlicht am

The altcoin uprising: Ether, Solana, and BNB defy market fear as Bitcoin stalls

  • Major altcoins like Ether and Solana are strongly outperforming Bitcoin.
  • BNB, the token of BNB Chain, surged 6% to a new all-time high of 875.
  • Bitcoin’s market dominance is on the verge of hitting a new six-month low.

In a stunning display of defiance, a powerful cohort of major altcoins staged a dramatic comeback on Wednesday, completely eclipsing Bitcoin and brushing off a wave of risk-aversion that sent traditional stock markets lower.

The move signals a potential changing of the guard, as leadership in the digital asset space appears to be shifting, at least for now, from the king to its court.

The rebellion was led by BNB, the native token of the BNB Chain, which blasted through to a fresh all-time high, surging 6% to hit 875.

The ferocity of the rebound was just as palpable in the Ethereum market, where Ether (ETH) rocketed 7% from its overnight lows to 4,350, completely erasing all of Tuesday’s losses in a single, powerful move.

Some market observers speculated the rally was fueled by ETH treasury firms strategically buying the dip.

The strength was broad-based. Solana’s SOL gained a formidable 6.1%, also outpacing its recent decline, while tokens for ChainLink and AAVE put on even more impressive shows, soaring 10% and 7%, respectively.

A king on shaky ground

While the altcoin market was exploding with activity, Bitcoin was a sea of calm. The leading cryptocurrency advanced a modest 1.4% from its lows, trading just above 114,000.

This tepid performance was more in line with the broader capital markets, where major stock indices like the S&P 500 and the tech-heavy Nasdaq closed in the red.

This stark divergence is forcing a market-wide reassessment. The relative strength of altcoins during a period of fear is a notable and potentially significant signal.

Bitcoin’s dominance—a key metric measuring its share of the total crypto market capitalization—is now teetering on the brink of a new six-month low.

Historically, a sustained fall in Bitcoin’s dominance is the classic harbinger of an “altcoin season,” a period where smaller, riskier tokens take the lead.

But before investors get carried away by dreams of repeating the wild, speculative rallies of past cycles, a crucial note of caution has been sounded.

Analysts at ByteTree, led by Shehriyar Ali and Charlie Morris, warn that the rules of the game have fundamentally changed.

“An alt season may be brewing, but it will not look like the wild rallies of the past,” their report stated. 

Instead, it will be defined by selective, fundamentals-driven growth, rewarding quality projects and penalising those without substance.

The message is clear: the era of blind speculation may be over. The current uprising is not lifting all boats equally.

Instead, it appears to be a more discerning, mature rebellion, one that is selectively rewarding projects perceived to have genuine value and long-term potential.

The post The altcoin uprising: Ether, Solana, and BNB defy market fear as Bitcoin stalls appeared first on CoinJournal.

Veröffentlicht am

Bitwise forecasts Bitcoin as best-performing asset over next decade

  • Bitwise projects Bitcoin to deliver 28% annual returns over the next decade.
  • Institutions now view Bitcoin like equities and bonds for portfolio allocation.
  • Spot ETFs and corporate treasuries fuel Bitcoin’s growing long-term adoption.

Bitwise Asset Management expects bitcoin to deliver the strongest returns of any major asset class over the next ten years, projecting a compound annual growth rate of 28% with gradually declining volatility.

The forecast was shared in a new memo previewing the firm’s forthcoming Bitcoin Long-Term Capital Market Assumptions report.

Institutional demand spurs framework

The report, authored by Bitwise Chief Investment Officer Matt Hougan, is targeted at large platforms and professional allocators that are increasingly treating bitcoin as a “core” portfolio consideration.

Hougan notes that the shift follows the launch and widespread approval of spot bitcoin exchange-traded funds (ETFs), which have opened the asset class to mainstream retirement accounts and wealth platforms.

Interest in long-term planning has grown markedly.

Hougan said Bitwise received a dozen requests this year for long-term assumptions around bitcoin, compared with none between 2017 and 2024.

In his view, this marks an inflection point: institutions are now evaluating bitcoin in the same way they assess equities, bonds, and other traditional assets.

Favourable comparisons with traditional markets

While the full report is yet to be published, the preview states that bitcoin’s projected returns, volatility profile, and correlations compare favourably with established asset classes.

Bitwise characterises bitcoin’s correlations with other major assets as “low”, falling between −0.5 and 0.5, which many allocators value for diversification benefits.

The asset manager’s positioning of bitcoin’s outlook draws parallels with annual capital-market forecasts issued by large Wall Street firms such as JPMorgan, PIMCO, BlackRock, and Vanguard.

These outlooks help institutions determine long-term strategic allocations across asset classes including equities, fixed income, real estate, and alternatives.

Hougan argues that similar guidance is now warranted for digital assets, given their growing maturity and integration into mainstream investment products.

Growing Onchain and corporate holdings

Since spot bitcoin ETFs launched in January 2024, they have quickly gained traction.

On-chain holdings tied to these ETFs have grown to represent almost 7% of bitcoin’s fixed 21 million supply, with assets under management exceeding $146 billion, according to data from The Block.

Corporate treasuries have also expanded their exposure.

Publicly traded companies, led by MicroStrategy with a holding of 629,376 BTC, have collectively accumulated more than $80 billion worth of bitcoin.

These acquisitions have been financed largely through capital market activities, including equity offerings and convertible debt issuance.

Bitwise’s full Bitcoin Long-Term Capital Market Assumptions report is expected later this week.

It will provide detailed methodology and quantitative analysis, alongside side-by-side comparisons with forecasts for traditional asset classes from leading global asset managers.

For Bitwise, the release marks a bid to position bitcoin within the same framework used for decades to evaluate traditional investments.

For institutions, it reflects a growing acceptance of bitcoin not as a speculative play, but as a serious allocation option with defined risk and return expectations.

The post Bitwise forecasts Bitcoin as best-performing asset over next decade appeared first on CoinJournal.

Veröffentlicht am

AVAX price outlook: SkyBridge Capital to tokenize $300M on Avalanche blockchain

  • SkyBridge will tokenize $300M of hedge funds on the AVAX blockchain.
  • The move positions Avalanche as a leading platform for RWAs.
  • AVAX charts suggest a potential 45% price jump if broader sentiments improve.

While cryptocurrencies retreated from their recent peaks, Anthony Scaramucci’s alternative investment company, SkyBridge Capital, supercharged Avalanche’s (AVAX) fundamentals.

According to the latest press release, SkyBridge plans to tokenize hedge funds worth $300 million on the Avalanche network.

Under this initiative, SkyBridge’s Legion Strategies Ltd. and Digital Macro Masfer Fund Ltd. will tokenize on AVAX’s network through leading financial service providers Apex Group and Tokeny.

Commenting on the move, SkyBridge’s CEO and founder, Anthony Scaramucci, stated:

Tokenizing our funds on Avalanche, supported by the technology and operational infrastructure of Tokeny and Apex Group, represents a significant step forward in modernizing the alternative investment landscape.

We look forward to bringing our hedge funds into the digital, on-chain era, improving transparency, liquidity, and accessibility for our investors.

The news renewed sentiments around AVAX’s potential amidst the ongoing broad market bloodbath.

Digital assets trade in the red as Bitcoin falls below $114,000.

Nevertheless, analysts remain bullish, perceiving the current correction as a healthy one after BTC’s surge to all-time highs of around $124,000.

With large-cap altcoins in the traders’ radar after the recent Ethereum rally, this article checks AVAX’s potential comeback once market sentiments improve.

The real-world assets (RWAs) sector is experiencing significant growth momentum as DeFi and TradFi converge.

Hedge fund tokenization will enrich Avalance’s ecosystem, as it already hosts tokenized credit, stocks, private equity, venture, and MMFs.

SkyBridge decision sets AVAX for impressive performance in the coming sessions.

The price chart supports a bullish case, pointing to a potential AVAX recovery to $32.

That would mean an over 45% gain from the altcoin’s current price.

Why Avalanche?

Financial institutions are never random when venturing into crypto.

Avalanche’s EVM compatibility, near-instant finality, and scalability likely attracted SkyBridge.

The $300 million initiative unlocks the AVAX platform for large-scale tokenization.

According to Tokeny co-founder Danie Coheur:

SkyBridge’s tokenization on Avalanche proves that with the right technology, trusted operators, and regulatory clarity, tokenization at scale is not just possible, it’s happening.

AVAX price outlook

While the tokenization updates strengthen Avalanche’s fundamentals, broad market weakness weighs on AVAX’s performance.

The alt hovers at $22 after losing around 1.80% in the past 24 hours.

AVAX remained relatively calm as markets crashed ahead of Powell’s anticipated speech.

Meanwhile, Avalanche looks poised to lead the next leg up, fueled by institutional interest, especially if SkyBridge succeeds in its plans.

Such a narrative aligns with the bullish chart pattern.

The Elliot Wave analysis shows that AVAX is finalizing a wave two correction.

This setup phase often precedes a massive wave three rally.

The structure highlights possibilities of recoveries to the $32 ceiling.

That would be an approximately 45% surge from AVAX’s market price.

However, improved broader market sentiments remain vital to support the upside.

Failure to overcome the obstacle between $26 and $27 will likely delay the projected AVAX recovery.

The post AVAX price outlook: SkyBridge Capital to tokenize $300M on Avalanche blockchain appeared first on CoinJournal.

Veröffentlicht am

SoFi Bank to start using Bitcoin for cross-border payments

  • SoFi will enable instant cross-border transfers using Bitcoin and UMA.
  • Transfers will convert USD to Bitcoin via Lightning, then to local currency.
  • The service will first launch in Mexico with lower fees than traditional remittances.

SoFi Bank is preparing to shake up the global remittance industry by introducing a blockchain-powered international money transfer service.

The US digital bank has partnered with Lightspark, a Bitcoin infrastructure company founded by former PayPal president David Marcus, to bring faster and cheaper cross-border payments directly into its app.

SoFi steps into blockchain payments

The new service will allow SoFi customers to send money abroad without relying on traditional remittance providers or third-party platforms.

Instead, transfers will be powered by the Bitcoin Lightning Network and Lightspark’s Universal Money Address, or UMA.

This technology is designed to move dollars across borders instantly, at any time of the day, while ensuring that fees and exchange rates are displayed clearly before each transaction.

SoFi says the service will debut later this year, beginning with Mexico, a key remittance corridor from the United States.

Once rolled out, users will be able to initiate transfers directly through the SoFi app, where US dollars will be converted into Bitcoin, routed across the Lightning Network, and then converted back into the recipient’s local currency before being deposited in their bank account.

Notably, this is not SoFi’s first step into the digital asset space.

The bank began offering crypto trading in 2019, but later scaled back the service following regulatory concerns during the collapse of FTX.

However, with a federal banking license secured and new rules under the GENIUS Act offering greater clarity, SoFi is reentering the sector more aggressively.

During its most recent earnings call, the company outlined ambitions beyond remittances.

These include plans for stablecoin issuance, crypto-backed loans, and staking infrastructure for other institutions.

By positioning itself as a bridge between traditional banking and Web3, SoFi hopes to secure a long-term advantage over pure-play crypto platforms.

Faster and cheaper transfers

The promise of speed and lower costs is central to SoFi’s plan.

Traditional remittances often take days to clear and can cost families as much as 6% of the amount being sent.

By embedding blockchain rails into its platform, SoFi expects to deliver a service that is available around the clock and significantly below the national average cost of remittances in the United States.

Anthony Noto, SoFi’s chief executive, emphasised that many of the bank’s members rely on sending money to loved ones overseas.

He said that building blockchain transfers directly into the SoFi app will give users “faster, smarter, and more inclusive access” to their funds.

The bank is also opening a waitlist to meet early demand and gauge interest from members who frequently send money abroad.

Lightspark provides the backbone

Lightspark, which launched in 2022, has been positioning its UMA as a universal standard for moving money globally in a way that feels as simple as sending an email.

According to Marcus, Bitcoin is the only open payments network that can power such transactions securely and at scale.

Marcus added that UMA on SoFi will allow members to move dollars instantly with full transparency and control, while avoiding the delays of traditional systems.

The collaboration makes SoFi the first US bank to integrate Bitcoin’s Lightning Network and UMA at this scale.

It also comes at a time when other major institutions, including Bank of America and JPMorgan, are testing blockchain for their own transfer systems.

The post SoFi Bank to start using Bitcoin for cross-border payments appeared first on CoinJournal.