🟠 Bitcoin usually lags behind Global M2 money supply before | TopCryptoNews on Binance Square

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🟠 Bitcoin usually lags behind Global M2 money supply before EXPLODING 👀
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🟠 CNN reports bitcoin voters changed the election 👀 #BTC #bitcoin $BTC

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🗓 Crypto Calendar For May There are many economic and crypto events in May that will impact the market, here are the most important ones: ⏺ 05/06 House Financial Services Committee - Digital Asset Hearing ⏺ 05/07 ETH Pectra Update ⏺ 05/07 FOMC Meeting ⏺ 05/08 Unemployment Claims ⏺ 05/12 US Federal Budget Balance ⏺ 05/12 3rd SEC Crypto Roundtable ⏺ 05/12 $62M APT Unlocks ⏺ 05/13-16 Donald Trump's Middle East Visit ⏺ 05/15 CPI Data ⏺ 05/22 TRUMP Holders Dinner ⏺ 05/28 Second Redemption FTX ⏺ 27-29.05 Bitcoin 2025 Conference in Las Vegas 📥 Save your calendar and be prepared for important events in May. #Crypto #TRUMP #Sec

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🔷 Ethereum ($ETH ) Bulls Regain Strength as Buying Pressure Hits Monthly High The leading altcoin ETH has bucked the broader market downturn over the past 24 hours, posting modest gains of around 1%. At press time, the coin trades at $1,842. This comes as a key momentum metric — the taker buy-sell ratio—surges to its highest level in 30 days, signaling renewed bullish pressure in the asset’s futures market. 🔸 Traders Eye ETH Upside as Buy Pressure and Build According to CryptoQuant, ETH’s taker-buy-sell ratio is currently at 1.08, marking its highest value since early April. This metric measures the ratio between the buy and sell volumes in ETH’s futures market. A value above 1 suggests that more traders are aggressively buying ETH contracts than selling, while values below 1 indicate dominant sell pressure. At 1.08, ETH’s taker buy-sell ratio clearly tilts in favor of buyers, reflecting increasing confidence among traders that prices may continue rising. Moreover, the altcoin’s Relative Strength Index (RSI) continues to trend upward, supporting this bullish narrative. At press time, it is at 58.39 and climbing. The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a decline. Conversely, values under 30 signal that the asset is oversold and could witness a rebound. ETH’s RSI reading confirms the strengthening bullish bias toward the altcoin, reinforcing the view that it could be primed for further upside. 🔸 #ETH Builds Strength Above Short-Term Support At its current price, ETH rests above its 20-day exponential moving average (EMA), which forms dynamic support below its price at $1,770. The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent prices. When an asset trades above this key moving average, it signals short-term bullish momentum. This indicates that recent prices are trending higher than the average over the past 20 days.

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⭐️ #Dogecoin To The Moon? Price Eyes $0.27 After months of sluggish price action and sideways consolidation, Dogecoin (DOGE) may finally be on the verge of a meaningful breakout. Recent price movements, technical signals, and broader macroeconomic trends all appear to be converging in DOGE’s favor. 🔸 Technical Breakout from Descending Channel According to analysis, Dogecoin has officially broken out of a descending channel, a formation that has capped price rallies since the beginning of the year. The breakout is further validated by a successful retest of prior resistance, now turned support, suggesting a bullish reversal is underway. The immediate resistance lies at $0.27, but continued bullish pressure could push DOGE toward $0.39 and even $0.43 in the coming weeks. Meanwhile, support around $0.17 provides a safety net in the event of short-term pullbacks. 🔸 Short-Term Price Action and Elliott Wave Analysis Recent price behavior shows Dogecoin is in a micro-corrective phase, currently holding above a key support zone between $0.17 and $0.1777. This region was previously identified as a micro-support level, and the market has reacted accordingly, hinting that the fifth wave up in an Elliott Wave sequence may be starting. In the current wave count, analysts identify a potential three-wave move up, with Wave 3 peaking near the 138% Fibonacci extension at $0.196. If this structure holds, Wave 5 could extend toward the 161.8% level at $0.206 or the 178.6% level at $0.213. A confirmed break above $0.185 would strongly mean that the next bullish leg is underway. However, a decisive drop below $0.17 would cause a temporary delay in the anticipated rally. For now, the pullback appears corrective and shallow, which aligns with an ongoing uptrend. 🔸 Macro Trends: Bitcoin, Global M2, and Dogecoin Correlation Beyond the charts, macroeconomic indicators are adding fuel to the bullish case. One emerging narrative gaining traction among analysts is the correlation between cryptocurrency prices and global M2 money supply. #DOGE

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🟣 Pi Coin Suspension: Banxa Opens Doors to Pi Network in 100 Plus Countries with KYB Approval A few days ago, Banxa temporarily suspended Pi transactions, likely due to pending KYB (Know Your Business) approval. During this time, it was widely known that Banxa had already acquired millions of Pi at low prices, suggesting they planned to return once regulatory approval was in place. Now, according to an update shared by Dr. Altcoin, Banxa is officially KYB approved. This is a big development for the Pi Network and its global community. With this approval, people in over 100 countries can now instantly buy Pi using cash through Banxa. This move also boosts accessibility and could drive greater adoption of the Pi Network. 💬 BANXA is now KYB approved!What does this mean for the Pi Community and beyond?It means people in over 100 countries can now instantly buy Pi with cash through BANXA. This is a game-changer for accessibility and global adoption. — Dr Altcoin (@Dr_Picoin) May 2, 2025 More platforms are expected to follow. BitMart, HTX, and others are likely to receive KYB approval within the next 10 days, showing growing institutional support for the project. It’s important to note that only KYB-approved companies are legally allowed to use and trade Pi. On the other hand, individuals participating in peer-to-peer (P2P) transactions must be KYC-approved and use non-custodial wallets. 🔸 $1 Target in Sight? Meanwhile, Pi’s price has seen a decent rise. In the past 24 hours, $PI has climbed 2.5% and is now trading around $0.60. This comes after weeks of price pressure caused by ongoing token unlocks. However, with the pace of new unlocks expected to slow down after mid-May, the selling pressure could ease, giving room for potential growth. The next major resistance lies at $0.70. A breakout above that could open the path toward $1, a level that would signal stronger market confidence in the project’s future. #PIcoin #Pinetwork

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