Bitcoin Hits $109K — Conference Hype Could Fuel Wild Volatility
Following Friday's dramatic decline, Tuesday's Bitcoin price is recovering for the fourth straight day.
Rising volatility reported by QCP Capital indicates that traders are setting themselves ahead of the Bitcoin Conference in Las Vegas. Short-term holders are enjoying profit, hence traders should exercise caution as this might generate selling pressure.
After its almost 4% drop on Friday, Bitcoin (BTC) keeps on recovering and grabs $109,000 on Tuesday. Starting Tuesday in Las Vegas, the much awaited Bitcoin 2025 Conference attracts more interest from investors and traders. The increase in near-term implied volatility, according to QCP Capital, points to market players orienting themselves around possible headline risks connected to the event, which might cause volatility spikes and liquidations in the biggest cryptocurrencies by market capitalization.
Trader lock-in at Las Vegas' Bitcoin Conference One important event to keep on eye is the Bitcoin conference in Las Vegas, Nevada, Tuesday through Thursday. Sixth annual Bitcoin conference since 2019, this three-day event highlights the expansion, creativity, and acceptance of Bitcoin.
Among some of the most influential figures in crypto, finance, and politics, the much awaited Bitcoin 2025 Conference assembles
The following are some of the speaker names:
JD Vance, Vice President of the United States Michael Saylor is MicroStrategy's executive chairman. Donald Trump Jr. - Businessman Eric Trump: Chief Strategy Officer and Co-founder Senator Cynthia Lummis, US Senate Commissioner, United States SEC, Hester Peirce Ross Ulbricht, Advocate of Digital Freedom Nigel Farage, UK Member of Parliament
According to QCP's Capital, consistent increase in near-term volatility points to traders positioned around headline risk prior to this occurrence.
The paper also notes that while current US President Donald Trump spoke at the Nashville Bitcoin Conference 2024, 1-day implied volatility over 90 surged sharply. Two days later, this volatility surge was followed by a quick turn-around that almost dropped BTC by thirty percent.
"The possibility of a comparable decline seems low; positioning reflects a defensive bias (.....).”
"BTC is likely to remain range-bound in the near term; once the event passes and key speeches conclude, front-end vols are expected to compress as risk premia fade," the analyst of QCP notes.
The graph below shows that, in a startling contrast to the $1.2 billion achieved in the previous 30-day period, during the last 30 days BTC's short-term investors have realized a total $11.4 billion in profit. This increase in profit booking also suggests some degree of stabilization is probably as the market absorbs this wave of distribution before trying another leg higher.
The institutional demand keeps becoming stronger notwithstanding transient selling pressure. Strategy added 4,020 BTC for $427.1 million on Monday, thereby augmenting the total BTC holdings to 580,250 BTC.
On Thursday, Bitcoin price hit a new all-time high (ATH) of $111,980; on Friday, it dropped 3.92%. On Saturday, it found support around the $106,406 daily mark, however, and rebounded over the last two days. By Tuesday, while I was writing, it is still healing and trading at $109,600.
Should BTC keep on its recovery and close over its all-time high, the surge toward the important psychological milestone of $120,000 may be extended.
💰 Trump’s $2.5B Bitcoin Deal Rattles Meme Coin Markets — Is TRUMP Token Next to Moon?
Although consolidating, the Official Trump meme currency maintains stable on the 50-day EMA.
Trump Media & Technology Group plans to raise $2.5 billion for a Bitcoin treasury.
The business sold $1.5 billion in ordinary stock and raised $1 billion in convertible senior secured notes.
As of Tuesday, the Official Trump (TRUMP) meme currency is trading sideways at $2.85. This follows last week's $16.00 rejection because to unfavorable reaction over the exclusive top TRUMP holders' meal with President Donald Trump on May 22.
Trump Media & Technology Group, which owns Truth Social, Truth+, and Truth.F, declared a massive $2.5 billion Bitcoin treasury.
The Trump Media $2.5 Bitcoin treasury is unchanged. TRUMP meme coin On Tuesday, Trump Media & Technology Group stated that it had inked agreements with 50 institutional investors to issue and sell its ordinary shares for $1.5 billion. The agreements were extended to encompass $1 billion in convertible senior secured notes, a $2.5 billion private placement transaction. The promotion ends May 29.
The corporation will invest in a Bitcoin treasury as part of its assets. Trump Media previously said it was considering a special purchase fund to enhance its America First economic agenda.
“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” CEO and Chairman Devin Nunes stated. “It’s a big step forward in the Company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes said.
The Official Trump meme currency saw no movement following the news. However, its 1% daily gain might lead to additional increases in future sessions.
Beyond the 50-day EMA support around $12.60, traders should watch the green demand region around $10.00 and the buyer congestion zone between $8.90 and $7.15.
On-Chain Metrics Favor Bulls — BNB Gears Up for Next Move
Following a three-day rebound rise, Tuesday's BNB price settles at around $680.
WithBNB's DEX volume and steadycoin activity substantially growing, on-chain evidence supports the optimistic view.
Aiming for a higher leg, the technical view suggests a hopeful breakthrough. Following a three-day comeback surge, Tuesday's BNB (BNB) settles at around $680. With DEX (Decentralized Exchange) volume and stablecoin activity exploding as BNB breaks above the symmetric triangle formation, on-chain statistics and technical view point to a rally ahead.
On-chain BNB statistics reveal positive leaning.
Based on Atermis terminal statistics, BNB's stablecoin value has been actively climbing and on May 21 it stands at $24.2 billion, the highest year-to- date (YTD) level. Although the volume has slightly dropped recently, the present level of stablecoin activity and value rise on BNB is favorable as they enhance network utilization and may draw more people to the ecosystem.
The recent increase in traders' interest and liquidity in the BNB chain adds even another element supporting the platform's optimistic view. On May 21, the highest YTD and continuously increasing since mid-May, BNB's DEX daily trading volume jumped to $11.8 billion on the chart below.
On May 8, BNB's price broke above a symmetrical triangle. This technical pattern—from January to early May—formed by linking many highs and lows with two converging trendlines surged more than 10%. BNB corrected 4.31% last Friday, however, and recovered only little over the next three days. When I wrote on Tuesday, it floats around $673.50.
Measuring the distance between the first daily high and the first daily low and adding it to the breakout point helps one to prolong the rally to achieve the technical objective of the symmetric triangle at $839.14. This is a potential objective; traders may make some gains at the weekly level of $709.29 and at the Feburary 13 high of $732.
On the daily chart, the Relative Strength Index (RSI) shows 61 points higher, suggesting strong bullish momentum even if it is still below overbought levels. On the daily chart, the Moving Average Convergence Divergence (MACD) indicator converges, nevertheless, suggesting traders' indecision.
Should BNB have a drop, the downturn may be extended to retest near $638.68. With next support at the May 5 low of $583.55, a closure above this level would discredit the optimistic argument.
🚨 Trump’s $3B Crypto Bet? Media Giant Poised to Shake the Markets
According to The Financial Times, Trump Media and Technology Group (TMTG), the Trump-backed firm behind Truth Social and Truth+, is intending to raise $3 billion to invest in cryptocurrencies.
According to the article, the business intends to raise $1 billion via convertible note offers and $2 billion via fresh stock issuing. Nonetheless, the proposal is still under flux, including its parameters and implementation schedule as well as its Financial Times cited people familiar with the topic pointed out.
At the Bitcoin Conference in Las Vegas, where Vice President JD Vance and Eric and Donald Jr., President Donald Trump's sons, are scheduled to speak, TMTG might reveal the purportedly cash raising plan.
But TMTG attacked The Financial Times story, calling its authors "dumb" and the sources "even dumber," based on a comment quoted in the piece.
Aiming to buy cryptocurrencies and exchange-traded funds (ETFs) via its Fintech affiliate Truth.Fi, TMTG's recent foray into digital assets is followed in this new move. As part of a larger diversification strategy, the business revealed in January the establishment of Truth.Fi, with intentions to invest up to $250 million in digital assets including Bitcoin, other cryptocurrencies, ETFs and separately managed accounts (SMAs).
Although the goods are expected to hit the market in 2025, the business is already looking to collaborate with Crypto.com as the guardian of these assets.
In April, Trump Media also said that it will introduce a native utility token and digital wallet in line with a larger plan to profit from Truth Social and the Truth+ streaming platform.
📉 SOL Struggles Mount — Are Bears Gaining the Upper Hand?
From $188, Solana fell. SOL price is falling and may go below $170.
From the $188 US Dollar barrier zone, SOL price fell again.
The price is below $180 and the 100-hourly SMA.
On the hourly SOL/USD chart, a negative trend line connects to $176 barrier.
The pair might rise again if it breaks $180 resistance. Again, Solana Prices Fall
Like Bitcoin and Ethereum, Solana pricing created a base over $170 and increased. SOL accelerated past $172 and $175 resistance.
Before falling below $170, the price tested $188 resistance. The price lately tried to rise from $170, its low. Price topped $172. It broke the 23.6% Fib retracement level of the latest drop from $188 swing high to $170 low.
Solana is below $180 and the 100-hour SMA. On the hourly SOL/USD chart, a negative trend line connects to $176 barrier.
The stock faces upward resistance at $176. Near $180 is the next significant resistance. $185 may be key resistance. Close above the $185 resistance zone might start another steady rise. The next hurdle is $192. Further rises might push the price beyond $200.
SOL Decline Again? SOL might tumble again if it fails to break $176 barrier. Near $172 is first downside support. First big support is around $170.
A breach below $170 might push pricing below $165 and the trend line. If the price closes below $165, it may fall toward $160.
Tech Indicators
MACD hourly for SOL/USD is rising in the negative zone.
🐋 Bitcoin Whale Moves on Binance — Is a Major Price Swing Incoming?
The market trend is solid despite this short-term downturn. Bitcoin has maintained its rise and is barely below its record high from yesterday. On-chain indications have increased with recent price activity, indicating significant participants are returning to the market.
Market leaders like Binance, which have traditionally influenced price discovery and market direction, are being keenly monitored by experts.
The analyst noted that the Binance Whale Activity Score has increased in his QuickTake piece “Binance Whale Activity Spikes Eyes on the Market.”
This indicator shows that huge holders are actively repositioning by measuring Binance's top 10 whale wallet inflow and outflow. These changes may predict market volatility and direction.
The expert added that whale inflow spikes may indicate distribution or strategic selling, while outflow surges indicate money buildup or redeployment to other platforms.
Whale movements historically anticipate big price changes, making them important. He found that inflow-outflow oscillations may boost short-term liquidity and volatility.
Real-time demand is proxied by the difference between taker purchase and sell volumes. A green phase suggests market purchase orders are prevalent, indicating buyers are regaining power.
The analyst noticed that the same chart showed largely red values in prior months, signaling sell orders and downward price pressure. Bitcoin's sudden return to green may indicate fresh demand as it tests its highs.
Pepe rejects the main resistance level last week, hence his price on Tuesday is $0.000013.
Momentum indicators of PEPE indicate a bearish divergence, suggesting a likely trend reversal.
On-chain data reveals pessimistic bets among traders peaked in more than a month.
After failing to cross a crucial resistance level at $0.000016 last week, Pepe (PEPE) price displays indications of bullish tiredness on Tuesday. On the momentum indicators, the frog-themed meme currency shows a bearish divergence that suggests a likely trend reversal. On-chain data indicates a declining negative attitude as traders soaring to the greatest level in over a month increase the likelihood of a possible downward movement.
Pepe Price Forecast: Weakness in momentum signs Pepe price dropped 12.19% till Sunday after rejection around its daily level on Friday at $0.000016. Still, it rebounded somewhat slowly in the beginning of the week. It hangs around $0.000013 at Tuesday while I was writing.
At its present level, $0.000013, sideline investors seeking sell prospects might do so.
Should Pepe's retreat persist, the downturn might spread to retest its next daily support around $0.000012. Any follow-through selling below this level would cause a decline to $0.000011, based on its 50-day exponential moving average (EMA).
Since the price of the Pepe meme currency is below the crucial daily resistance level at $0.000016 on the daily chart, the bearish thesis is still valid; a closure above this level would invalidate it.
🧨 XRP Downtrend Deepens — Is Support About to Break?
After $2.350, XRP fell again. The price is falling and might go below $2.30.
Below $2.30, XRP fell again.
The price is below $2.350 and the 100-hour SMA.
The hourly XRP/USD chart shows a new connecting negative trend line with resistance around $2.305.
If $2.350 barrier is broken, the pair may rise again. Price Eyes Drop Again
After Bitcoin and Ethereum, XRP found support around $2.265 and began a rebound. Above $2.30 and $2.32 resistance levels,
It moved over the 23.6% Fib retracement level of the $2.4767 swing high to $2.2670 low decline. However, bears were active at $2.350. The hourly XRP/USD chart shows a new connecting negative trend line with resistance around $2.305.
The price is below $2.35 and the 100-hour SMA. Price may find resistance between $2.305 and the trend line on the upside.
Near $2.340 is the first big resistance. Next resistance is $2.3720. The downward move from the $2.4767 swing high to the $2.2670 low is at the 50% Fib retracement level.
A clean break over $2.370 might push the price near $2.40. More advances might push the price toward $2.420 or $2.450. The bulls may face $2.50 next.
Another Fall? XRP may fall again if it fails to break $2.3720. Around $2.280 is first downward support. Near $2.2650 is the next important support.
A bearish break and closing below $2.2650 might push the price around $2.2350. Near $2.20 is the next important support.
Tech Indicators
The hourly MACD for XRP/USD is moving bearishly.
Relative Strength Index hourly XRP/USD RSI is below 50.
Dogecoin and Shiba Inu consolidate at key support levels following Friday's decline.
Derivatives traders like SHIB but not DOGE.
SHIB may reverse after a retest, while DOGE struggles with a long-term trendline.
Dogecoin has held over $0.20 for four days at $0.2243 with Doji candles. The consolidation is supported by the 200-day EMA at $0.2178.
DOGE formed a bearish double top at the $0.25 supply zone and a December resistance trendline. The pattern's neckline is $0.2145; a close below might prolong Dogecoin's decline.
On the Dogecoin price chart, the technical outlook is negative, indicating downside risk. Closing below the $0.2145 neckline might challenge the early May $0.1667 low.
A trendline breakthrough might place DOGE's important support turned resistance, $0.30, on bullish radars.
Similarly, Shiba Inu trades at $0.00001439, consolidating above the 50-day EMA at $0.00001412 and the $0.000014 support zone.
Shiba Inu reversed trend at $0.000014 but failed to breach $0.000017. Market instability has caused a sharp decline, making technical indicators like Dogecoin negative.
The Fibonacci retracement from $0.00003285 to $0.00001066 between December 5 and April 8 suggests immediate resistance around $0.00001590, coinciding with the 23.6% Fibonacci level and 200-day EMA. Fibonacci levels set price objectives at $0.00001914 (38.2%) and $0.00002175 (50%).
DOGE's open interest fell 0.14% to $2.64 billion, while the OI-weighted funding rate remained at 0.0095%.
Dogecoin has lost more bullish holdings than SHIB in the previous 24 hours. Within 24 hours, Dogecoin long liquidations totaled $3.36 million, Shiba Inu long liquidations $190K, and short liquidations $133K.
Based on taker buy/sell volume, Shiba Inu long holdings climbed for three consecutive days, accounting for 49.82%, balancing the playing field with a 0.9928 long-to-short ratio.
Over the previous 24 hours, Dogecoin's ratio plummeted to 0.885 as short holdings rose to 53.05%.
🔥 Pi Network Levels Up New DApps Launched, Recovery System Activated
Pi Network announced two major improvements to improve user involvement and usefulness, exhibiting continual ecosystem growth. These improvements include new community-driven Mainnet Ecosystem Interface apps and a more secure and efficient account recovery procedure.
Five new community apps on the Pi Network's Mainnet interface demonstrate developer enthusiasm and ecosystem maturity. Play an old snake game, utilize the Pi network for e-commerce, and learn about the Pi token.
The Mainnet Ecosystem Interface included five additional Pi apps. Apps were selected exclusively based on features, usefulness, and compliance with foundation norms and quality requirements. This upgrade made Pioneers' Pi network more interesting and dependable, even if it only included Mainnet-ready applications.
The new listings aid Pi's community and set an example for future developers, supporting its ambition to integrate its technology into the real world and stay decentralized.
Users may also browse Mainnet application information in standalone directories with more apps.
Pi Network additionally included a password recovery flow. Those with a trustworthy email get a password reset link by email.
T This upgrade improves recovery possibilities and streamlines the process, especially when carrier-initiated approaches fail. Pi's improved account login and continuity enable more people to join the platform's expanding community.
The updates demonstrate Pi Network's commitment to developing and engaging more. With new apps and greater security, the network aims to be accessible to all crypto enthusiasts.