Category: Crypto news

Severino waltzes through Bitcoin’s charts as if hosting a soirée, pointing out the exact moment when he and his clever ilk might burst back onto the scene—armed with candlesticks, Bollinger Bands, and juicy historical gossip. Picture late 2021: Bitcoin flirted with the Upper Bollinger Band but refused to consummate the affair by closing above it, triggering the infamous bear market heartbreak of 2022. Oh, the drama!

On the 28th day of April, in a fine display of legislative pomp, they passed Senate Bill 1025 (SB1025) on its third reading. What, you ask, is this bill? Why, it seeks to amend the state’s statutes to allow for the establishment of a Bitcoin reserve! A most curious notion, indeed! Thirty-one brave souls stood tall and voted in favor, while twenty-five, perhaps wiser or more skeptical, dared to oppose. And that, dear reader, is how democracy works – or so they tell us.

The announcement came at an “exclusive” event, where keynotes were delivered by none other than Donald Trump Jr., Executive Vice President of The Trump Organization (because who better to talk crypto?), Gila Gamliel, Israel’s Minister of Innovation, Science, and Technology (clearly the expert we needed), and Antoni Trenchev, Nexo’s co-founder, who probably did most of the talking. The crowd was likely riveted, clinging to every word about digital currency innovation.

Meanwhile, the market vibe is roughly on par with someone trying to meditate during a toddler’s birthday party—cautious, frazzled, and suspicious of anything remotely stable. The crypto oracle known as Big Cheds (yes, that’s a name, not a cheese brand) tweeted that Ethereum is flashing a “bearish divergence” on its On-Balance Volume indicator. In layman’s terms: ETH is acting like it’s tired of the party but still trying to convince everyone it’s having fun. Throw in an “upper shadow structure,” which sounds like something out of a goth novel, and you’ve got a recipe for suspense.

The price of Sonic (S) token, trapped within its painfully predictable range, shows no real vigor. Minor fluctuations make a brief appearance, only to be swiftly subdued by the ever-present, disinterested resistance. Volume? Almost nonexistent. Key resistances? Standing firm, denying any escape attempts. We find ourselves at a crossroads, with no clear indication of which direction Sonic may eventually take. But fear not, for this article shall delve into the structure of this current predicament, examining the key resistance and support levels, and offering a few potential scenarios to keep things interesting—if only just.

The chart looks like XLM just broke free from a long-term descending triangle pattern (no, that’s not a cool new dance move, it’s a technical analysis term), and it’s now trying to make a name for itself by flirting with the $0.242 mark. This breakout above that level is a big deal because it means XLM is officially out of its long-term rut. Now it’s consolidating, possibly forming an uptrend, or maybe just another false start. The suspense is killing us! 😬

The DEEP token pirouetted to a dizzying $0.2525—up 400%—making us ask: Is this triumph or the gluttony of a market gone mad? Its market cap swelled to a majestic $693 million, as if counting zeros were a new sport.

According to Chung, the recent market dip isn’t something to fear—oh no. In fact, he cheerfully called it a “healthy correction.” Yes, folks, you heard that right—a “healthy correction.” That’s a bit like calling a trip to the dentist a “refreshing check-up.” Apparently, this temporary hiccup in the market is nothing more than a brief pause before Bitcoin is formally crowned the *mainstream asset* it was always meant to be. A minor setback, indeed, for such a colossal digital wonder!

On the surface, that’s a heap of shiny digital gold. But peel back the layers, and you find a story more like a withering vine than a growing tree. Two of the big seven holders have folded their tents and vanished from the scene, while only El Salvador keeps feeding the fire.

Yes, dear reader, BitGo proudly announced it’s expanded its Solana staking program, teaming up with Marinade Native to let folks stake their SOL without surrendering custody. It’s like letting your money run a marathon but holding its leash tightly—a win-win spectacle!