Edwin1ivan2

Bitcoin: The rally could come to a screeching halt, according to CryptoQuant

Bitcoin is back in a dangerous zone. After several weeks of bouncing back, CryptoQuant estimates that the market could flip if the current resistance holds strong. The key point is around the 200-day moving average, near $82,400. This level had already acted as a ceiling during the bearish market of 2022.

Bitcoin is testing a historical resistance around its 200-day moving average.

CryptoQuant sees a risk of a reversal related to profit-taking.

$70,000 becomes the key support to keep an eye on.

Bitcoin hasn’t just touched a technical line. It has reached a zone that previously served as a wall in a prior bearish cycle. This tension also recalls Bitcoin's fragile bounce after a sharp correction, already marked by liquidations and wavering institutional demand.

For CryptoQuant, the parallel with 2022 deserves attention. At that time, the 200-day moving average blocked the price before resuming the decline. The market then turned an encouraging bounce into a mere pause before another drop.

Thus, the question returns with insistence. Does the current movement signal a true recovery or merely a classic bear market trap? Bitcoin has bounced from the $66,000 touched in early April. But now this rise reaches a zone where sellers can regain control.

The danger comes not just from the charts. It also comes from traders' behavior. According to CryptoQuant, unrealized profit margins reached 17.7% on May 5. It’s their highest level since last June. This figure is crucial. When many players are already in profit, the urge to sell becomes stronger. The market can then pivot without a big event. Sometimes, just a few profit-takings are enough to break a momentum.

$BTC
$CROSS
$QUICK
#CryptoQuant

XRP Wallet Records Show Accumulation

XRP is hitting a new all-time high in wallet counts on its network. According to Santiment data, 332,230 wallets now hold at least 10,000 XRP, a milestone never before reached. This surge in large holders comes while the cryptocurrency's price is still far from its previous highs. This dynamic reignites discussions about long-term investor positions in Ripple's asset.

In Brief

The XRP Ledger hits a historical record with 332,230 wallets holding at least 10,000 XRP.

Santiment's data shows ongoing accumulation of large holders despite the volatility in the crypto market.

The XRP network quickly bounced back after the massive liquidations seen during the recent market dip.

Despite this strong on-chain growth, XRP's price remains distant from its historical peaks.

332,230 XRP Wallets: Big Holders Strengthen Their Positions

The XRP Ledger has just reached a new all-time high with 332,230 wallets holding at least 10,000 XRP, according to data shared by Santiment.

The on-chain analytics platform notes that this progression has been building over several months, despite the crypto market's turbulence. In their post, Santiment states: "the continuous increase in the number of XRP wallets holding at least 10,000 XRP is a particularly strong signal for the long term."

$XRP

$SANTOS
$CHECK
#XRPPredictions

KYC Pi Network: The community explodes after the announcement!

Pi literally sees its community explode with anger following the KYC update. With endless delays and prices in free fall, the decentralized dream of Pi Network turns into a nightmare. A scandal that could change everything.

18.1 million verified users;

16.7 million migrations to Mainnet.

However, behind these numbers lies a crisis of trust. In fact, thousands of Pioneers have been stuck in 'Tentative Approval' status for years, without a clear explanation. On social media, complaints are multiplying, and the hashtag #FixPendingTentativeApprovalIssues is flooding the network. Pi Network defends a rigorous process (30 checks per file) to avoid duplicate or fraudulent accounts.

But for many, this bureaucratic sluggishness betrays the decentralized and inclusive spirit of the project. The team may reassure — 3.36 million Pioneers have completed their KYC since October 2025 — but frustration persists. Why are some still waiting? Between a lack of transparency and broken promises, the risk is high for Pi Network. A disengaged community, and with it, the future of Pi Coin.

While Bitcoin and altcoins explode in May 2026, Pi Coin (PI) disappoints. In fact, the token registers -2.6% for the month, at $0.17, despite a slight daily rebound (+1.3%). Worse still, 174.2 million PI tokens will enter circulation in 30 days, which could pressure the price.

$SKY
$PIVX
$COIN
#KYCValidation

Solana accelerates the rollout of Alpenglow with an open testing phase for external operators

Solana takes a decisive step with Alpenglow. The update to its consensus now enters a community testing phase, ahead of a potential activation on the mainnet between the end of Q3 and the beginning of Q4

In Brief

Solana opens a community testing phase for Alpenglow.

The update aims for a much quicker completion.

The mainnet could follow between the end of T3 and the start of T4 in 2026.

Solana tests Alpenglow with external validators

Solana brings Alpenglow closer to its mainnet. This reform of Solana's consensus enters a more concrete phase, with the opening of a community test cluster. This step allows external validator operators to test the update under conditions closer to reality.

So far, Alpenglow had primarily been tested in internal clusters. This is significant. The protocol is leaving the lab. It enters a more demanding zone, where operators can observe performance, limits, and migration risks.

This phase is not a final launch. But it resembles a last technical access. Before moving to mainnet, Solana must demonstrate that Alpenglow can operate without breaking the network's balance.

$SOL
$SAFE
$SENTIS
#solana

26,659 ETH bought, then a halt: Bitmine's strategy raises questions

Bitmine, a crypto giant, just snagged 26,659 ETH before abruptly hitting the brakes on their purchases. With 5.2 million ETH in their wallet, the firm is edging close to 5% of the circulating supply. A bold strategy that challenges the crypto market and could redefine Ethereum's future in 2026.

In brief

Bitmine bought 26,659 ETH ($63M) before slowing down their purchases, approaching the 5% mark of the circulating supply.

Bitmine holds 5.2 million ETH ($12.3 billion), with massive staking generating $319M in annual revenue.

This strategic shift questions the market: Is it anticipating a correction or entering a new investment phase?

Bitmine slows down its Ethereum purchases: What’s behind this change?

Bitmine, a global leader in Ethereum (ETH) acquisitions, just announced a strategic slowdown after acquiring 26,659 ETH for $63 million in May 2026. This decision follows months of aggressive buying, peaking at 101,901 ETH in one week in April. With 5.2 million ETH in their portfolio (4.31% of the circulating supply), the firm is nearing its 5% target, a symbolic threshold to influence the crypto market.

Tom Lee, CEO of Bitmine, justifies this slowdown by the need to avoid overheating and explore other opportunities. In fact, during Consensus 2026, he mentioned the 5% alchemy, a target that could redefine Ethereum's dynamics. This turn of events raises questions: Is Bitmine anticipating a market correction or gearing up for a new investment phase?

$ETH
$ETC
$ELIZAOS
#Bitmine

A Bitcoin whale just moved 500 BTC that had been dormant for 12 years: $457,000 back then, $40.6M today

An old Bitcoin whale just transferred 500 BTC that have been inactive since 2013. At that time, this stash was worth approximately $457,000. Today, it weighs in at about $40.6 million. This on-chain movement serves as a simple reminder: in Bitcoin, time can turn a forgotten address into a historical vault.

In brief

A Bitcoin whale moved 500 BTC that have been idle since 2013.

The value of these funds skyrocketed from around $457,000 to $40.6 million.

This transfer raises eyebrows, especially in a market where Bitcoin ETFs remain under close scrutiny.

A transfer that counts twelve years of patience

The awakening of this Bitcoin whale doesn’t happen in a vacuum. Cointribune had already noted a similar scenario with a Bitcoin whale that emerged from eight years of silence, indicating that these old wallets are still powerful market indicators. This time, the 500 BTC moved from the address “1KAA8…d882j” to a new address “bc1qm…hjrxy”. The transfer likely took place on Sunday, around 3:16 PM Eastern time. The funds had been dormant since November 27, 2013.

Back then, Bitcoin was still a marginal bet. There were no spot ETFs in the United States, nor a serious place in institutional portfolios. Twelve years later, the same stash of BTC is worth approximately 89 times more. It’s no longer just a capital gain. It’s a cold demonstration of digital scarcity.

The market is already asking the same question: is this whale gearing up to sell? The answer remains unknown.

$BTC
$STO
$DIGI
#BTC

XRP bounces off $2 driven by institutional investors

XRP is back in the spotlight just as Bitcoin consolidates its dominance above $80,000. Behind this bounce around the $2 mark, a signal intrigues the markets. Institutional investors are strengthening their positions while retail traders remain largely absent. Supported by the rise of XRP ETFs and a climate that has once again turned favorable for risk assets, Ripple's token seems to be entering a new phase where speculation is gradually giving way to more structured flows.

In summary

XRP bounces above $2 in a crypto market driven by Bitcoin's strength.

Institutional investors are reinforcing their positions around a now closely watched threshold.

Bitcoin's maintenance above $80,000 continues to fuel trader confidence.

XRP ETFs are progressively participating in transforming market structure and investment flows.

Buyers secure support at $2

XRP has regained strength after defending the $2 threshold, a level now perceived as a true support line in the market. In fact, buyers have aggressively stepped in at this zone while Bitcoin held its position above $80,000.

Buyers have returned to defend the $2 threshold, reflecting the idea of active support defense by investors. This bounce comes after several sessions marked by profit-taking and persistent volatility across the crypto market.

$XRP
$ETC
$XLM
#xrp

Bitcoin faces a quantum threat according to a new report

For years, the quantum threat was seen as a distant scenario for Bitcoin. This perception is wobbling. A report from Project Eleven now estimates that the network might run out of time to prepare for its cryptographic transition before the arrival of quantum computers capable of breaking its current protections. Behind this alert looms a colossal challenge: several million BTC could become vulnerable if the ecosystem fails to coordinate its migration in time. Such a prospect sharply reignites the debate over Bitcoin's future security.

In brief

Project Eleven estimates that Bitcoin might run out of time to prepare for its migration against the quantum threat.

The report mentions a possible 'Q Day' before 2033, when quantum computers could break some of the network's cryptographic protections.

Almost 6.9 million BTC could be potentially vulnerable in certain scenarios related to future quantum capabilities.

Researchers warn about the difficulty of a post-quantum migration, considered even more complex than Taproot.

Project Eleven warns about an impending risk window

In a report, Project Eleven estimates that there is now more than a one in two chance that a quantum computer capable of breaking current cryptographic systems will appear before 2033.

The document even mentions a possible 'Q Day' as early as 2030, the moment when the encryption algorithms used by Bitcoin could become vulnerable. In fact, the company advocates the idea that quantum advancement could follow a sharp dynamic, summed up in this formula: 'nothing… and then everything changes all at once'.

$BTC
$Q
$TAO
#bitcoin

Bitcoin is facing a quantum threat according to a new report

For years, the quantum threat has been seen as a distant scenario for Bitcoin. This perception is now wavering. A report from Project Eleven estimates that the network may run out of time to prepare its crypto transition before the arrival of quantum computers capable of breaking its current protections. Behind this alert lies a colossal challenge: several million BTC could become vulnerable if the ecosystem fails to coordinate its migration in time. Such a perspective sharply reignites the debate about Bitcoin's future security.

In brief

Project Eleven estimates that Bitcoin may run out of time to prepare its migration against the quantum threat.

The report mentions a possible “Q-Day” before 2033, when quantum computers could break some of the network's cryptographic protections.

Nearly 6.9 million BTC could potentially be vulnerable in certain scenarios related to future quantum capabilities.

Researchers warn about the difficulty of a post-quantum migration, which is considered even more complex than Taproot.

Project Eleven warns about an approaching risk window

In a report, the company Project Eleven estimates that there is now more than a one in two chance that a quantum computer capable of breaking current cryptographic systems will appear before 2033.

The document even mentions a possible “Q-Day” as early as 2030, the moment when the encryption algorithms used by Bitcoin could become vulnerable. In fact, the company advocates the idea that quantum advancement could follow a sharp dynamic, summarized in this formula: “nothing… and then everything changes all at once”.

$BTC
$Q
$TAO
#bitcoin

Shiba Inu ramps up the burn with over 6 million tokens

Millions of SHIB vanish from the market again. In just 24 hours, more than 6 million tokens were sent to burn addresses, reigniting speculation about the deflationary potential of this memecoin. As activity heats up on several major platforms, the Shiba Inu community continues to bet on scarcity to maintain investor interest. This strategy is back at the center of discussions in a crypto market always seeking new catalysts.

In summary

Over 6 million SHIB were sent to burn addresses in just 24 hours, further reducing the supply of the memecoin.

The daily burn rate of SHIB increased by 37.28%, with more than 410.839 trillion tokens already destroyed since the project's inception.

Shiba Inu remains one of the most traded cryptos on the Indian platform WazirX, signaling strong interest from Asian investors.

The price of SHIB has slightly risen amidst a greater risk appetite in the crypto market.

Over 6 million SHIB sent to inactive wallets

As the crypto catches traders' attention again, Shiba Inu has recorded a new massive burn in the last 24 hours. According to data provided by the Shibburn platform, exactly 6,079,210 SHIB were sent to burn addresses, permanently removing those tokens from circulation.

Thus, the daily burn rate increased by 37.28% during that period. This new operation is part of a deflationary strategy advocated by the SHIB community for several years to progressively reduce the available supply in the market.

$SHIB
$INIT
$WAXP
#SHİBA

500 M$ frozen in 30 days: Tether tightens its pursuit of suspicious funds

Tether has just reminded us of a frequently overlooked reality: USDT circulates quickly, but can also be abruptly frozen. In a month, the issuer of the largest stablecoin on the market has frozen over 514 million dollars in Ethereum and Tron, according to data from BlockSec.

In Brief

Tether has frozen over 514 million dollars in USDT in 30 days.

Tron is where almost all recent blacklist activity is concentrated.

These freezes reinforce the fight against suspicious funds but reignite the debate over control of stablecoins.

USDT under heightened scrutiny

Tether has frozen over 514 million dollars in USDT across about 370 addresses in 30 days. This offensive extends an already visible crackdown on tokens deemed illicit, while the stablecoin remains at the center of global crypto payments.

Most of this activity is concentrated in Tron. Over 505 million dollars would have been frozen on this network, compared to approximately 8.7 million in Ethereum. This imbalance is not coincidental. Tron continues to be one of the preferred channels for fast and cheap transfers in USDT.

This wave of freezes paints a clearer picture of Tether's current role. The company is no longer just the issuer of a digital dollar used by traders. It also acts as a central control point in investigations related to fraud, sanctions, or flows considered suspicious.

$USDT
$USDC
$USD1
#Tether

Cryptocurrencies: Euphoria returns to Solana despite the network losing steam.

Solana is back in the spotlight in the crypto world. In fact, on social media, the optimism surrounding SOL is hitting levels not seen in the market for several months. However, beneath this speculative euphoria, blockchain data shows a much less encouraging picture. While investors are betting on a possible recovery of the token, the actual activity on the network continues to slow down. This contrast is starting to worry analysts who specialize in blockchain metrics.

In Brief

Solana is regaining strong support on social media, and the bullish sentiment around SOL is quickly gaining traction.

Santiment notes an explosion of optimistic posts, fueled by speculation about a possible token rally.

Investors are betting that Solana will catch up to Bitcoin and other major cryptocurrencies in the market.

However, the actual activity on the Solana network is decreasing drastically, with a marked drop in the number of active addresses in recent weeks.

Solana regains favor with investors.

Optimism around Solana is rapidly growing on social media. According to data from Santiment, the ratio of positive to negative sentiment for SOL has reached 3.2. In other words, bullish posts outnumber bearish messages about the asset by more than three times.

The analytics firm explains that this dynamic reflects "the increasingly prevalent narrative suggesting that the asset could be gearing up for a bullish breakout after Bitcoin's poor performance and other large-cap stocks, with a gradual return to its average." This renewed confidence arises after several weeks of significant volatility that severely shook the cryptocurrency market earlier this year.

$SOL
$SAGA
$SIREN
#solana

A global banking giant is bolstering its offering with Bitcoin and Ethereum.

BNY is doubling down on Bitcoin and Ethereum with an institutional custody project in Abu Dhabi. The signal is clear: cryptocurrencies are no longer expanding solely through markets but also through the banking system.

In brief

BNY is prepping an institutional custody offering for Bitcoin and Ethereum.

Abu Dhabi wants to strengthen its role as a regulated crypto hub.

Bitcoin is entering an increasingly larger share of financial coffers.

Bitcoin is getting new institutional backing thanks to BNY, the largest custodian bank in the world, which is gearing up to offer digital asset custody in the UAE. This confirms a trend already visible in the market: major financial institutions are accelerating the adoption of Bitcoin, not just as a speculative asset but as financial infrastructure that will integrate.

The project will be carried out with Finstreet Limited and the ADI Foundation, under the Abu Dhabi Global Market. Bitcoin and Ethereum will be the first assets involved. Later, stablecoins and tokenized real assets might be included.

This isn't just a simple marketing strategy. It's a fundamental element of the financial system. Seemingly insignificant, yet essential. Without solid protection, large investors remain cautious. With a bank of this size, the psychological threshold changes.

Custody remains one of the most sensitive topics in the crypto world. Buying Bitcoin is straightforward for an individual.

$BTC
$ETH
$BNB
#BNYMellon

ETHMilan is back for its fourth edition on May 21 and 22, 2026, at the Science and Technology Museum.

MILAN, ITALY – ETHMilan, the largest international conference in Italy dedicated to Web3, returns for its fourth edition on May 21 and 22, 2026, at the Museo Nazionale della Scienza e della Tecnologia Leonardo da Vinci, one of the most prestigious and historically significant venues in Milan.

Two full days bringing together the sharpest minds in blockchain, DeFi, and emerging technologies for an unprecedented immersive experience.

ETHMilan 2026 is a very special edition:

Over 2,000 participants are expected from all over Italy and Europe.

More than 100 speakers: global industry leaders and local players.

There are already over 10 confirmed sponsors, including the main sponsor MoonPay. Whether you’re just curious about the future of Web3 or looking to make moves, ETHMilan 2026 is the must-attend event of the year.

The conference is open to creators, investors, newbies, and students, who will also have the chance to attend the conference for free.

Join the conversation. Connect with pioneers. Be part of the future.

$ETH
$BITCOIN
#Ethereum

Zcash skyrockets 30% and reduces massive liquidations behind Bitcoin

Cryptos are bringing a new episode of extreme volatility, and Zcash is at the center. At certain hours, the token has bounced back 30%, decreasing tens of millions of dollars in liquidations and massively threatening short sellers. This brutal move goes beyond just a simple imbalance technique. It fits into the context of active cryptocurrencies in the privacy space and influences new market dynamics.

Zcash records a brutal uptick of 30% at certain hours, throwing a big party in the market.

A wave of liquidations reaches approximately 62 million dollars, primarily hitting short sellers.

A short squeeze amplifies the uptick, fueled by positioning forces and high trading volume.

The recovery of information on cryptocurrencies activated in privacy is pending the movement, written by institutional players.

Most of these losses pertain to short positions, indicating an imbalance. This pressure on Zcash, being the second most liquid asset just behind Bitcoin, illustrates the violence of the observed move.

Indeed, traders exposed to the downside have been forced to cover their positions in a rush. This mechanism amplifies the dynamism of the uptick, fueled by a 24-hour trading volume estimated at 1.3 billion dollars. Moreover, this type of setup, typical of trading with high leverage, reveals the sensitivity of speculative positions to rapid and unexpected moves.

$BTC
$ZAMA
$DIA
#ZCA

North Korea, accused of being responsible for 76% of cryptocurrency thefts in 2026, protests vehemently.

In 2026, North Korea was implicated in 76% of global cyberattacks on cryptocurrencies. That equates to $577 million stolen in just four months! Between the technical evidence and official denials, this scandal reveals a cyberwar with explosive geopolitical implications.

In brief

76% of global cyberattacks against cryptocurrencies in 2026 are attributed to North Korea, with a total of $577 million stolen.

Technical evidence (TRM Labs, UN) versus official denials from Pyongyang, which speak of political defamation.

Bitcoin (BTC): the most attacked cryptocurrency, with 63% of the diverted funds in 2026.

North Korea denies its involvement in cryptocurrency cyberattacks.

Data from TRM Labs and the UN are damning. It is projected that by 2026, 76% of global cryptocurrency losses (amounting to $577 million) will be linked to North Korean actors. Two major attacks in April — KelpDAO ($292 million) and Drift Protocol ($285 million) — illustrate this trend, attributed to the Lazarus group and its subgroup TraderTraitor. However, Pyongyang categorically denies these accusations. Through its news agency KCNA, the regime dismisses them as absurd slanders and a political tool of the United States.

According to a spokesperson from the Ministry of Foreign Affairs, these accusations are used to justify sanctions and demonize the country. This is classic rhetoric, especially as evidence accumulates on the blockchain (IP addresses, money laundering methods). Since 2017, it has been reported that over $6 billion in cryptocurrencies have been misappropriated, which have been partly used to finance North Korea's nuclear programs.

$COTI
$IP
$KAT
#CoreaDelNorte

On X, cryptocurrencies have become the noise everyone wants to shake off.

Since the launch of the snooze mode feature on X, cryptocurrencies have become the most ignored topic on the platform, far outpacing politics, sports, and finance. This is an unexpected outcome for a sector that has long set the pace on social media.

Currently, cryptocurrencies are the most overlooked subject on X, ahead of politics, sports, and traditional finance.

The "snooze" feature of X, launched on April 22, allows Premium subscribers to hide a topic for 24 hours.

The spam generated by AI and apps like InfoFi has significantly degraded the quality of cryptocurrency content on the platform.

One statistic caused a big stir in the crypto community. Nikita Bier, product manager at X, confirmed it bluntly: since the launch of the snooze mode feature on April 22, cryptocurrencies have become the most ignored topic on the entire platform. It surpasses politics, the Iranian conflict, sports, and even traditional finance.

The principle behind this tool is simple. Reserved for Premium subscribers, it allows users to hide a topic from their "For you" feed for 24 hours. Bier himself described it as a way to "adjust the quality of posts." However, users have spoken: cryptocurrencies are the first thing that will disappear.

This disenchantment did not come out of nowhere. The market is going through a tough time, with the fear and greed index at 29, firmly rooted in the "fear" zone. Google Trends confirms this trend: global searches for "crypto", "cryptocurrency", and "Bitcoin" have steadily declined since early 2026.

$X
$IAUon
$AB
#x

Tim Draper: "You should be scared" if you don't have Bitcoin savings equivalent to 6 months of spending.

At the Bitcoin 2026 event, Tim Draper warned the audience that not holding Bitcoin is now a risky move. The investor, known for his strong opinions, directly linked the absence of BTC with financial vulnerability in an environment marked by bank failures and monetary uncertainty. His statements reignited the debate about Bitcoin's role as a hedge against the fragilities of the current financial system.

In brief

Tim Draper issues a clear warning about the risks of not including Bitcoin in a financial strategy.

He outlines concrete recommendations for both individuals and businesses to better shield themselves.

The recent banking crises bolster his analysis of the weaknesses in the financial system.

The investor questions the solidity of traditional currencies in light of Bitcoin's rise.

Tim Draper advocates for protecting Bitcoin reserves.

As Bitcoin has just dipped below $76,000, Tim Draper left no room for doubt in his assessment. During his speech, he stated: "You should be concerned if you don't have Bitcoin," and emphasized: "You should be very, very worried."

He advises individuals to keep the equivalent of six months' expenses in BTC;

He draws on the failure of Silicon Valley Bank to illustrate banking risks.

$BTC
$TIMI
$DRIFT
#TimDraper

Bitcoin's price dips below $76,000 as mixed signals sow doubt.

Bitcoin has once again dropped below $76,000, reigniting tensions in a market that can't seem to find its footing. Trapped between persistent resistance and conflicting blockchain signals, BTC is trading in a zone of uncertainty where every move is scrutinized. Beneath this apparent stability lies a power struggle between buyers and sellers, set against a backdrop of fragile fundamentals. Key technical levels, market pressure, and institutional dynamics: all these elements are piling up and complicating the understanding of the trend.

In brief

Following a clear rejection at $80,000, Bitcoin has fallen back below $76,000, revealing a tense market.

BTC is trading in a tight range, stuck between solid support at $75,500 and significant resistance around $80,000.

The technical structure shows a compressed market where buyers and sellers are competing at key levels.

Blockchain data is sending mixed signals: buyer pressure is spiking sharply, but overall activity is declining.

Bitcoin faces a technical resistance level around $80,000.

Bitcoin failed to break through the $80,000 barrier, dropping below $76,000 amidst macroeconomic tensions. In fact, the market is now moving within a tight range, and key technical levels are being closely monitored.

Michael van de Poppe summarizes this phase by stating: "Bitcoin has reached the resistance zone around $79,000 and is now entering a consolidation phase," before adding: "I believe the markets remain in a favorable phase."

$BTC
$DUSK
$COS
#bitcoin

VanEck highlights the historically favorable conditions for Bitcoin.

On Thursday, Bitcoin broke the $79,000 barrier for the first time since January, reigniting investor interest. Following this rally, analysts at VanEck have identified several technical indicators that have historically preceded significant price increases. But, how far can this momentum go?

In Brief

This week, Bitcoin surpassed $79,000, its highest level since January.

The funding rate fell to -1.8%, its lowest level since 2023, a historically bullish signal.

The recovery of the hash rate after three consecutive downtrends is another positive sign.

Bitcoin hits its highest level since January.

In a report released on Friday, analysts Matthew Sigel and Patrick Bush from VanEck present a particularly optimistic outlook for the Bitcoin market.

The two experts have meticulously analyzed the data on the blockchain of the leading cryptocurrency and arrive at an unequivocal conclusion: the current technical conditions are exactly the same as those that preceded previous strong bullish runs.

The first signal to monitor is the hash rate. Currently, it stands at 985.5 EH/s on a 30-day moving average, which represents a 7.5% decrease from the all-time high of 1065.7 EH/s reached at the end of November. Over the past five months, the network has experienced at least three consecutive downtrends. The most recent one ended on April 15, after 16 days of pressure and a maximum drop of 6.7%.

$ENA
$BTC
$VANA
#VanEck