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Yahoo
10-06-2025
- Business
- Yahoo
Bitcoin: US-China Talk Optimism, Institutional Buying May Spark Retest of ATHs
US regulatory signals and trade stability are supporting crypto market growth. Bitcoin is near $111,000, driven by institutional interest and short closures. SEC's supportive crypto stance continues to fuel optimism. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro's AI-selected stock winners. The crypto market is seeing positive growth due to signals from US regulators, stable international trade conditions, and the return of big investors. Recently, Bitcoin hit a value of $110,000 after briefly dropping to $100,000 last week. The cryptocurrency started the week strong, moving towards $110,000 and has been growing steadily since April. A major reason for this growth is the renewed interest from large investors. On Monday, spot Bitcoin ETFs received $386 million, mainly from Fidelity Wise (LON:WISEa) Origin Bitcoin Fund (NYSE:FBTC), showing that market confidence is returning after recent outflows. Another reason for the price increase is the closure of short positions in futures markets. Closing about $38 million worth of short positions helped push prices up, and a large purchase of 1,045 BTC (around $110 million) indicates that investor interest is on the rise. Globally, the ongoing trade talks between the US and China in London are gaining attention. Their willingness to cooperate in key areas like rare earth elements and semiconductors is boosting global investor confidence and encouraging interest in alternative assets like Bitcoin. Additionally, the market's anticipation of upcoming US inflation data is causing a shift towards riskier assets. In the US, Securities and Exchange Commission (SEC) Chairman Paul Atkins' supportive stance on crypto is being well-received by the market. His defense of personal control over crypto assets and his suggestion for an "innovation exemption" for DeFi platforms are creating optimism that regulatory pressure might ease. As a result, Bitcoin is gaining strength not only from technical factors but also from political and institutional support. In the last week of May and the first week of June, Bitcoin experienced a dip, falling below $103,000. However, it quickly rebounded as buyers returned around the $100,000 mark. Since May, Bitcoin has been in a consolidation phase, with ongoing volatility. As of this week, it has maintained the positive momentum seen over the past three months and is approaching the $111,000 mark, which is close to a record level. Bitcoin might reach a new record this week, depending on current market conditions. According to technical indicators like the Stochastic RSI, the upward trend is likely to continue. Bitcoin's price is above its short and medium-term moving averages on the daily chart, suggesting it is in a positive position. If Bitcoin can remain in the $111,000 to $114,000 range and buyers manage to overcome any selling pressure, the next target levels could be $119,000 and then $125,000. However, if Bitcoin faces strong resistance around $111,000, there might be an increase in profit-taking, potentially causing the price to drop back to around $105,000. If Bitcoin manages to find support between $103,000 and $105,000, a stronger upward trend could develop. Current macroeconomic factors and market risk appetite might continue to support Bitcoin's rise, but it's important to keep an eye on the support zone during any potential pullbacks. Ethereum is one of the assets directly benefiting from Bitcoin's rise. After finding support around the $2,430 mark last week, ETH saw an increase of over 10% and reached the upper limit of its trading range. For the past month, Ethereum has been fluctuating between $2,430 and $2,730, and it continues in this range thanks to strong institutional demand. Interest in Ethereum ETFs is strong, and on-chain data shows a significant increase in interest, with the number of weekly active wallets hitting an all-time high of 17.4 million. This indicates that both individual and institutional buyers are becoming more active on the network. Additionally, a record 34.8 million ETH is locked up, suggesting that investors are choosing to stake rather than sell. This suggests the market may be entering another accumulation phase. SEC Chairman Atkins' recent statements at the DeFi meeting on June 9 clarified that staking activities won't be classified as securities, a key legal development for Ethereum. This may speed up the approval process for ETFs with staking features. For instance, BlackRock's iShares Ethereum Trust ETHA has been steadily accumulating ETH for 23 consecutive trading days without any outflows, suggesting a strong base for ETH at its current levels over the medium to long term. Can Ethereum Breach $2,700 Resistance? Although the positive winds continue to blow for Ethereum, which leads the altcoin market, the cryptocurrency has not yet found enough support to overcome its resistance in the $ 2,700 region. After Ethereum rose to the $2,730 mark again earlier this week, it is seen that purchases have weakened at this point. However, the technical outlook continues to generate positive signals at the point of breaking this resistance level. According to the current outlook, a daily close above $2,730 or volume buying could quickly move ETH to the $3,000 region. Then the next target will be followed as the $ 3,400 area. In the lower region, if $ 2,700 cannot be passed, we may see a new swing towards $ 2,430. On this path, the range of $ 2,540-2,580 may appear as an intermediate support. As a result, Ethereum is likely to move quickly towards the exit direction from the $ 2,400-2,700 range. ****Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading. Whether you're a novice investor or a seasoned trader, leveraging InvestingPro can unlock a world of investment opportunities while minimizing risks amid the challenging market AI: AI-selected stock winners with a proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk belongs to the investor. We also do not provide any investment advisory services. Related articles Bitcoin: US-China Talk Optimism, Institutional Buying May Spark Retest of ATHs Bitcoin: ETF Flows Slow, but Accumulation Signals Show Uptrend Has Legs Ethereum: Retail Still Absent, but Rally Is Gaining Strength Sign in to access your portfolio
Yahoo
05-06-2025
- Business
- Yahoo
Pi coin breaks out of the range but faces resistance
Pi coin breaks out of the range but faces resistance originally appeared on TheStreet. Pi (PI) is a native token of Pi Network, a cryptocurrency project that aims to make crypto and blockchain technology more accessible to the masses. Pi/USDT reached resistance at the upper trading range of $0.648 to $0.656 between June 2 and June 4 and continued above on increased volume to test a down Bullish cross over in the Ichimoku cloud, also supporting momentum, while Stochastic RSI above 80 indicated overbought territory. MACD signals are mixed, trading around the zero level with a slightly negative histogram, suggesting that bulls are hesitant. The current value of Pi is $0.6553 , and it has found support at $0.6494. It is on the 4-hour chart and stands above the 20-EMA, which implies a bullish near-term structure, but it is capped by the resistance of the 50-day SMA ($0.714) and the 100-EMA ($0.6774). On the daily timeframe, Pi remains confined within a descending triangle, and its bearish setup will only be invalidated if it closes convincingly above $0.675. Zypto App's adoption of Pi - The XRP and DASH topping VISA card — has multiplied its practical use across payments. Furthermore, a new blockchain-integrated game called "FruityPi" is set to go live as well, increasing the gaming use case of the token. At a neutral Fear & Greed Index reading of 57 and decreasing 24h volume (-32%), traders are cautiously optimistic. A clear move above $0.675 might call for a test of $0.72, but a break below $0.649 could spark a fresh decline. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please do your own research and consult with a licensed financial advisor before making any investment decisions. Pi coin breaks out of the range but faces resistance first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Mint
26-05-2025
- Business
- Mint
Stock Market Outlook: Nifty 50 likely to remain sideways to bullish; Bank Nifty poised for potential upside breakout
The Indian stock market witnessed a robust rally on Friday, buoyed by positive global cues, with benchmark indices posting gains of over half a percent each. The BSE Sensex crossed the 82,000-mark, while the Nifty 50 reclaimed the 25,000 level in intraday trade. The uptrend was broad-based, with the Nifty Midcap 100 rising 0.5% and the Nifty Smallcap 100 adding 0.4%. The Bank Nifty index also exhibited strong momentum, climbing above the 55,800 level during the session. Analysts maintain a sideways to bullish outlook for the Indian stock market in the near term. The Nifty 50 is expected to face its next major resistance at 25,200. Below is a detailed technical outlook for the Nifty 50 and Bank Nifty indices for the week: The Nifty 50 found support near its 21-day Exponential Moving Average (EMA), indicating sustained buying interest at lower levels. The index is currently consolidating within a narrow range of 24,700 – 25,000, awaiting a decisive breakout for further directional clarity. According to Choice Broking, 25,000 remains a crucial resistance level for Nifty 50 on the upside. 'A decisive breakout above this mark could trigger a fresh leg of the rally towards 25,250 – 25,350. On the downside, immediate support is placed at 24,700, followed by a stronger base near 24,500. This zone will be important to watch as any breakdown below it could attract short positions and shift the near-term bias to negative,' Choice Broking said in a note. Momentum indicators also point to early signs of strength. The Relative Strength Index (RSI) stands at 59.33 and is trending higher, indicating moderate bullish momentum. The Stochastic RSI has shown a bullish crossover from oversold territory, adding further weight to the positive setup — provided key resistance levels are taken out. Choice Broking expects the next support zones for the Nifty 50 to be 24,400 – 24,000, while resistance levels are seen at 25,200 – 25,600. The Bank Nifty index is poised for a potential breakout from an inverted head and shoulders pattern, with the neckline resistance positioned around the 55,500 level. A decisive close above this level could open the path toward 57,000. At present, the index is drawing strong support from its 20-day EMA and formed a bullish candlestick on Friday, signaling renewed buying interest, according to Choice Broking. On the weekly chart, Bank Nifty has broken out of a prior consolidation range and successfully retested the breakout zone. Price action is now stabilizing above this area — a technically encouraging sign for bulls. From a momentum perspective, the RSI stands at 59.74 and is trending upward, suggesting strengthening bullish sentiment. The Stochastic RSI has also delivered a positive crossover, indicating the potential for a fresh upward move. 'Any correction or dip towards 55,000 or 54,450 can be seen as a healthy retracement and a buying opportunity for higher targets. These support zones align with previous price structures and moving averages, making them ideal for accumulation,' Choice Broking said. The sector-wide strength reinforces the bullish bias in Bank Nifty and supports the case for a potential upside breakout in the coming sessions, it added. Support levels for Bank Nifty are placed at 54,800, 54,400, and 54,000, while resistance levels are seen at 55,500, 56,100, and 57,000. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Mayor
23-05-2025
- Business
- Business Mayor
Ethereum climbs 65% – But is this rally more than just hype? Analyzing…
Ethereum's OI and whale inflows surged, signaling institutional conviction behind the recent rally. ETH liquidations and technicals point to a likely breakout above $2,714 as shorts get squeezed. Ethereum's [ETH] Futures market has shown remarkable strength over the past month. Open Interest (OI) on Binance jumped from $3.6B to $5.1B—up 41.6%—with the total ETH OI across all exchanges now near $17B. This uptick signals strong institutional and derivatives-driven conviction behind ETH's rally. Importantly, this move is not speculative; it aligns with an almost 65% price rise from $1,600 to $2,663.72. Therefore, Ethereum's recent surge appears more than a temporary spike—it reflects a structurally supported rally backed by robust participation in the derivatives market. Source: CryptoQuant Whale Inflows accelerate In just seven days, Ethereum's Large Holders Netflow rose 22.8%, extending a massive 30-day increase of 1057.08% and a 90-day jump of 392.80%. This surge suggests sustained accumulation from institutional entities and long-term holders. Moreover, the timing of these inflows corresponds with Ethereum's breakout above $2,600, confirming that deep-pocketed investors continue to bet on further upside. Source: IntoTheBlock While accumulation persists, ETH Exchange Reserves have increased by 3.93%, totaling $51.17B. Typically, rising reserves might indicate upcoming sell pressure as more ETH becomes available on exchanges. However, this rise could instead reflect rotational liquidity, where traders deposit ETH for derivatives exposure or to hedge positions. ETH faces major hurdle at $2,714 Ethereum was trading around $2,663, just shy of a strong resistance band between $2,714 and $2,741. The Stochastic RSI sat above 79, indicating overbought conditions, while Bollinger Bands signal reduced volatility. Read More DOT moves toward a bearish zone – Will it push forward? A decisive close above $2,741 would likely open the door to a breakout rally toward $3,000. However, failure to breach this zone could trigger a short-term retracement to $2,581. Therefore, ETH sits at a critical technical juncture that could dictate the near-term trajectory for both itself and the broader altcoin market. Source: TradingView Shorts get squeezed Derivatives data confirms increasing bear capitulation. On the 23rd of May, ETH liquidations showed short positions worth $17.88M being wiped out across exchanges. Binance and Bitfinex led the liquidations, while long positions only accounted for $12.56M. This continued squeeze has amplified ETH's rally, especially as Open Interest and Whale Netflows both support the move. Source: CoinGlass Can ETH break $2,714 and trigger the next altcoin wave? Ethereum appears well-positioned to break above the $2,714 resistance, backed by strong on-chain and derivatives metrics. The sharp rise in Whale Inflows, continued short liquidations, and a 41.6% surge in OI confirm solid bullish momentum. While reserves have risen slightly, this has not weakened the broader bullish setup.
Business Mayor
29-04-2025
- Business
- Business Mayor
Ethena breakout on the horizon? What rising whale activity shows
Whale inflows surged, but outflows are overwhelming, indicating more selling pressure than buying interest. ENA's price faces resistance at $0.38, but technical indicators suggest potential for a breakout. A recent 13.94 million Ethena [ENA] deposit (worth $4.66 million) to Binance has drawn attention to the growing whale activity surrounding ENA. Despite this influx of buying power, 64.36% of holders remain 'out of the money,' which could act as a barrier to a swift recovery. The market faces a delicate balance, where the strength of whale support and large holder activity will determine whether Ethena can overcome its current resistance. Large holder inflows surge vs. outflows surge Over the past seven days, large holder inflows surged by +2094.41%, but the outflows surged even more significantly by +3953.02%. The greater surge in outflows suggests that selling pressure outweighs the buying pressure. While whales are accumulating ENA, a larger portion of the market is exiting, possibly taking profits or reallocating funds. This imbalance could indicate that ENA faces stronger selling pressure than buying interest, which may limit price recovery or prevent a breakout above key resistance levels. Source: IntoTheBlock ENA price structure: Will it break above $0.38 resistance? At press time, ENA was consolidating within a price range between $0.32 and $0.38, as shown in the chart. This consolidation phase suggests a potential buildup for a breakout. At press time, ENA was trading at $0.3301, reflecting a 6.17% decrease over the last 24 hours. The Alligator Indicator showed a narrowing of the moving averages, which typically indicates a tightening market ready for a significant move. Additionally, the Stochastic RSI was reading 77.47, indicating that ENA was in overbought territory and could soon see a pullback or a corrective move before attempting to break the $0.38 resistance. Read More All about Tron's new Bitcoin L2 roadmap and its impact on TRX If ENA manages to break above this level, it could move towards the next resistance at $0.50. However, failure to clear $0.38 may lead to further consolidation or a price decline back toward the $0.32 support. Can rising social dominance fuel price momentum? ENA's social dominance spiked to 0.124% at the time of writing, reflecting increased community interest. A rise in social dominance often precedes price movements, as greater market attention can result in buying pressure. However, while social dominance is an important metric, it does not guarantee sustained price growth. For a lasting rally, positive sentiment must translate into real buying activity. Therefore, while social metrics are promising, the market will require continued whale support and buying pressure for a significant breakout. Source: Santiment At the time of writing, liquidation data revealed a significant surge in long liquidations totaling $254.99K, compared to $10.76K in short liquidations. This imbalance suggests that the market is currently under more selling pressure from liquidated long positions than from shorts. Typically, when more long positions are liquidated, it can lead to further downward pressure as these positions are forced to sell their holdings. Can ENA overcome its resistance? Despite strong whale inflows and rising social dominance, the current market conditions are challenging for ENA. With 64.36% of holders 'out of the money' and significant volatility driven by liquidations, ENA faces substantial selling pressure. The path to a breakout above $0.38 seems uncertain, but a strong shift in whale activity or sustained social sentiment could push ENA above this resistance level.
