Bitcoin (BTC) surged back above the $109,000 mark following a surprise policy move by U.S. President Donald Trump, who announced the delay of a planned 50% tariff on EU goods until July 9. The decision appears to have temporarily eased global trade tensions, sparking renewed interest in risk-on assets like cryptocurrencies. Tariff Delay Fuels Bitcoin’s Momentum On May 25, Bitcoin briefly dropped to a low of $106,660, but quickly rebounded as news broke that the EU tariff deadline had been extended. By May 26, BTC had rallied as much as 3.2%, reaching an intraday high of $110,100, according to Cointelegraph…
Author: Blockto Team
After an explosive 385% rally since late 2024, XRP is showing signs of exhaustion, according to recent on-chain data and technical chart patterns. With price currently hovering around $2.33, analysts are warning of a potential 25% correction, placing the next major support near $1.76. Overheated Market? Realized Cap Tells the Story Recent metrics reveal that over 70% of XRP’s realized capitalization was accumulated near the current price range — a historical signal that often precedes market tops. “When too many buyers enter late into a parabolic rally, the market becomes fragile,” says on-chain analyst Ali Martinez. This accumulation near local…
In a major development for crypto and stock investors, Florida lawmakers have introduced a new bill aimed at eliminating state-level capital gains taxes on digital assets like Bitcoin (BTC), XRP, and even traditional stocks. If passed, this legislation would make Florida the first U.S. state to offer zero capital gains tax specifically targeting crypto investors. A Bold Move to Attract Investors and Innovation The bill, known as the “Capital Freedom Act,” was introduced to the Florida State Legislature this week. It proposes exempting individuals from paying capital gains tax on the sale of qualifying assets such as cryptocurrencies, stocks, ETFs,…
Bitcoin (BTC) has made a strong comeback, reclaiming the $110,000 level after briefly dipping below $107,000. As traders gear up for a critical week, the crypto market is set to face a mix of macro uncertainty, bond market stress, and upcoming U.S. inflation data. Here are five key things to know in Bitcoin this week. 1. BTC Price Targets Fresh All-Time Highs Bitcoin is currently trading around $109,753, showing signs of renewed bullish momentum. The recent bounce has analysts eyeing a potential breakout toward new all-time highs above $120,000, with some models suggesting a $155,000 trigger point if key resistance…
Dogecoin (DOGE) surged 6.43% in the last 24 hours, breaking key resistance levels amid growing investor confidence. As economic volatility escalates, DOGE’s performance continues to defy expectations, buoyed by strong whale accumulation and trading volume. According to CoinDesk Research, DOGE rallied past $0.220, with more than 300 million DOGE traded in a 24-hour span — a clear indication of renewed bullish momentum. DOGE Breaks $0.220 With Strong Volume Technical analysis confirms that DOGE broke above a critical resistance level at $0.220, a price not sustained since April 2024. This move was accompanied by over 300 million coins traded, signaling robust…
Crypto exchange-traded products (ETPs) just hit another historic milestone, with $3.3 billion in inflows during the week ending May 24, bringing year-to-date inflows to $10.8 billion, according to data published by CoinShares on May 26. This surge in capital reflects renewed investor appetite for digital assets, amid rising macroeconomic uncertainty and shifting interest rate expectations. All-Time High in AUM Reached Briefly CoinShares’ Head of Research James Butterfill confirmed that total assets under management (AUM) in crypto ETPs briefly hit $187.5 billion, marking an all-time high. “We believe that growing concerns over the US economy, driven by the Moody’s downgrade and…
Base, Coinbase’s Layer-2 blockchain built on Optimism’s OP Stack, is making headlines with its latest infrastructure upgrades. The platform, designed to scale Ethereum and reduce transaction costs, recently crossed $4 billion in Total Value Locked (TVL) — a major milestone that positions it as a serious player in the L2 ecosystem. “Base is now the second-largest Ethereum Layer 2 by TVL,” according to L2Beat, trailing only Arbitrum. What’s New in Base’s Upgrade Plan? Base’s development team announced a series of technical improvements aimed at lowering gas fees, accelerating transaction speeds, and enhancing decentralization. These upgrades include: “The upgrades will help…
Shiba Inu’s native token SHIB defied economic headwinds to post a strong rebound, gaining over 5% in intraday trading and re-establishing a new resistance level. The popular memecoin demonstrated surprising resilience despite global macroeconomic tensions and crypto market uncertainty. Mid-Day Sell-Off Followed by a Powerful Recovery SHIB experienced a sharp mid-day dip, dropping to $0.0000139, before rebounding strongly during the 22:00 hour, surging 3.0% on nearly 900 billion in volume. The token ultimately pushed toward a high of $0.0000147, forming a 5.24% trading range in the past 24 hours. Strong volume support at lower levels triggered a bullish reversal. This…
DDC Enterprise, a New York-listed company headquartered in Hong Kong, has made headlines by kicking off its ambitious plan to purchase 5,000 Bitcoin over the next three years. The move reflects growing institutional confidence in Bitcoin as a long-term store of value and strategic reserve asset. The initiative began with an initial purchase of 21 BTC, valued at approximately $1.45 million at current market prices. Why DDC Is Betting on Bitcoin DDC Enterprise, known for its operations in e-commerce and consumer products, stated that this decision aligns with its broader financial strategy. “Bitcoin is a superior hedge against inflation and…
Tron (TRX) is making waves again as its price jumped 1.25% in the last 24 hours, breaking out of a tight consolidation range and entering a new zone of bullish activity. The surge comes amid heightened global economic uncertainty, with investors increasingly turning to blockchain-based assets like TRX for stability and upside potential. TRX found strong buying pressure near $0.115, a level that’s quickly become a high-volume support zone for traders.The bounce has sparked renewed optimism among retail and institutional holders alike. Global Tensions Create Market Headwinds — but Crypto Seeks Asylum As US-China trade tensions intensify, investors are fleeing…