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Fundstrat co-founder Tom Lee shared a “generational play” thesis for Ethereum that predicts 3,000% upside in Ether (ETH) price to $60,000.Key takeaways:ETH is testing a key long-term support trend line that preceded 5,000% gains in the past.Tom Lee amplified the fractal setup, which projects ETH toward $60,000 by 2030.ETH price chart: Giant ascending channel targets $60,000 On Wednesday, Lee reposted a bullish outlook shared by analyst Crypto Patel that predicted ETH’s price reaching $60,000 in the coming years.The setup showed a long-term ascending channel that has framed ETH’s price action since 2017, with its upper and lower trend lines repeatedly acting as resistance and support across multiple market cycles.ETH/USD two-week chart. TradingView/CryptoPatelIn 2020, for example, ETH rebounded from the channel’s lower trend line before rallying roughly 5,200% toward the upper boundary, where the cycle eventually topped.Again, as of late April, ETH’s price stabilized around the lower trend line, an “accumulation zone” spanning $1,300–$2,000. Patel highlighted a potential multi-year price rebound in the making, calling it a “generational play” for “patient holders.” His chart projected a 1,000% rise in ETH to around $15,800 by 2028 and 3,150% to $60,000 by 2030.Related: These 3 Ethereum metrics favor an ETH price rally to $6KLee reposted Patel’s bullish outlook after BitMine, the Ethereum treasury firm he chairs, purchased $235 million worth of Ether, lifting its net Ether reserves above 5 million ETH, or roughly 4% of the current Ethereum supply.BitMine’s Ethereum holdings chart. Source: CoinGeckoThe buying spree underscores BitMine’s aggressive ETH accumulation strategy, even as the company remains exposed to sharp market swings. As of late April, its unrealized losses on the investments stood at around $6.5 billion.Ethereum bears will have other plansSince 2021, Ether has traded inside a giant symmetrical triangle, a neutral pattern that can break in either direction. It briefly moved above the structure in July 2025, but the breakout failed, sending the price back inside the range. ETH/USD weekly chart. Source: TradingViewA decisive breakdown below the lower trend line, now near the 0.786 Fibonacci retracement around $1,834, would weaken the bullish case. Losing this support could open the door to a deeper decline toward the 1.0 Fib line at around $1,000, aligning with downside targets flagged by several bearish analysts earlier this year.In this case, BitMine could see its unrealized loss swell to roughly $13.2 billion, based on an estimated average ETH acquisition cost of around $3,600 across its holdings until April.Still, longer-term Ethereum forecasts remain optimistic, with VanEck and Standard Chartered projecting upside targets of up to $22,000 and $40,000, respectively, in their more bullish scenarios.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) failed to recover new support on Thursday as oil hit its highest levels in nearly four years.Key points:Bitcoin struggles to recoup recent lost ground as geopolitical factors weigh on momentum.UK Brent crude oil spot markets record their highest levels since June 2022.The Federal Reserve’s interest-rate decision is called Chair Jerome Powell’s “most hawkish in years.”Bitcoin falls on “most hawkish” Fed meetingData from TradingView showed BTC/USD circling $76,000, down around 2% from the previous day’s high.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewA combination of high oil prices and the US Federal Reserve’s “most hawkish” meeting in years kept risk-asset optimism low.Both were a result of the ongoing US-Iran war, which showed no sign of resolution.“Iran can’t get their act together. They don’t know how to sign a nonnuclear deal. They better get smart soon!” US President Donald Trump wrote in one of his latest posts on Truth Social.Source: Truth SocialAmid the tensions, spot Brent crude oil passed $120 per barrel for the first time since June 2022.“Asia is facing its worst even crisis in history and Europe has just weeks worth of jet fuel left. The US is exporting record amounts of oil as a result,” trading resource The Kobeissi Letter responded in a post on X. “Inflation is back.”Spot Brent crude oil one-month chart. Source: Cointelegraph/TradingViewInflation worries were among the guiding factors for Fed officials at Wednesday’s Federal Open Market Committee (FOMC) meeting, where they left interest rates unchanged.While markets expected that outcome, commentators noted a worsening outlook for risk appetite due to changing Fed policy.Nic Puckrin, CEO and cofounder of crypto education platform Coin Bureau, described the FOMC meeting — the last with Jerome Powell as Chair — as his “most hawkish in years.”“For the first time since 1992, 4 Federal Reserve members dissented the decision,” he noted.US two-year Treasury yield versus Fed funds rate futures. Source: Nic Puckrin/XPuckrin suggested that the Fed’s “soft landing” policy on inflation had also gone. “Rates held for the third straight meeting, but the direction of travel just changed,” he summarized.Source: Truth SocialTrump repeated attacks on Powell after the decision, calling him “too late” in cutting rates ahead of the likely takeover by Kevin Warsh.As Cointelegraph reported, Trump said that he “would” be disappointed if Warsh did not cut rates at his first FOMC meeting in June.BTC price 21-day trend line hangs in the balanceBTC price action still managed to respect the 21-day simple moving average (SMA) near $75,500 overnight.Related: First 21-week trend line reclaim since October 2025: Five things to know in Bitcoin this weekThat support line was the key question for trading resource Material Indicators on low time frames.“Will support hold?” it queried in an X post alongside order-book liquidity data for Binance.The data showed whale order classes broadly buying the dip, while smaller order classes reduced exposure.BTC/USDT order-book data (Binance) with whale orders. Source: Material Indicators/XThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Key takeaways:Negative Bitcoin funding rates indicate bearishness, yet whales maintain steady long-to-short ratios at major exchanges.Inflation concerns and tech corporate earnings remain the biggest drivers for Bitcoin traders’ sentiment.Bitcoin (BTC) faced rejection at $77,800 on Wednesday, then retested the $76,000 level. This movement followed a correction in the S&P 500 Index as the war in Iran reached its 60-day mark, driving crude oil prices toward $118. While demand for leveraged bearish Bitcoin futures positions increased, the long-to-short ratio of whales at major exchanges indicates a different trend.S&P 500 Index futures (left) vs. Bitcoin/USD (right). Source: TradingViewBitcoin’s lack of bullish momentum above $78,000 mirrors the S&P 500 Index’s struggle near 7,200. Trader skepticism stems in part from the inflationary impact of high energy prices, which diminishes consumer spending and corporate earnings through higher logistics costs. Additionally, investors are questioning the profitability of technology companies’ investments in AI, according to Yahoo Finance.Bitcoin futures show bulls lacking confidenceSetting aside the specific reasons for investor caution, the Bitcoin perpetual futures funding rate turned negative on Wednesday. This followed a brief neutral-to-bullish period on Tuesday. In a healthy market, this rate usually stays between 6% and 12% to cover capital costs, which means buyers typically pay a fee to maintain their positions. A negative rate suggests a shift toward sellers.Bitcoin perpetual futures annualized funding rate. Source: LaevitasThe Bitcoin perpetual futures funding rate has remained mostly negative over the past two weeks, indicating increased demand for leveraged short positions. While this data initially suggests a lack of confidence among buyers, a closer examination of whale positioning is necessary. The top traders’ long-to-short ratio across exchanges includes spot, margin, and futures data, offering a more comprehensive perspective.Top traders’ long-to-short ratio and Binance and OKX. Source: CoinglassThe long-to-short ratio for professional traders on Binance was 0.80, showing a minor improvement from the 0.75 level recorded on Tuesday, though it remains slightly bearish. At OKX, top traders have briefly signaled bullish sentiment several times since Friday, but these shifts have been temporary. Nevertheless, there is no evidence that whales are turning increasingly bearish, as the long-to-short ratio has held steady throughout the past week.The latest US Federal Reserve statement after Wednesday’s meeting observed that “inflation is elevated, in part reflecting the recent increase in global energy prices.” The FOMC chose to keep interest rates at their late 2025 levels, even though four members supported a 0.25% cut. According to CNBC, this marks the first time four FOMC members have dissented since October 1992.Related: Bitcoin’s recent rally is largely fueled by Strategy purchases: Bitwise’s HouganBitcoin bulls’ lack of conviction should not be mistaken for bearishness, particularly as Strategy (MSTR US) continues its accumulation. Over the last four weeks, Strategy acquired 56,235 BTC, a move supported by the issuance of its perpetual preferred security, STRC. The company currently holds 818,334 BTC, exceeding the position of BlackRock’s IBIT exchange-traded fund (ETF).Professional traders remained unmoved by Bitcoin’s decline to $75,000 on Wednesday, as indicated by exchange long-to-short ratios. However, the persistent negative funding rate in Bitcoin futures suggests that sentiment remains cautious. Macroeconomic and tech corporate earnings remain the biggest driver for Bitcoin traders’ sentiment.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) extended its two-day decline on Wednesday after the Federal Open Market Committee (FOMC) minutes confirmed the Fed’s decision to hold “the target range for the federal funds rate at 3-½ to 3-¾ percent.” While the Fed maintains its goal of achieving “maximum employment and inflation at the rate of 2 percent over the longer run,” the FOMC minutes cited the “developments in the Middle East” as factors fueling an environment of “uncertainty” and the Fed stressed its desire to maintain optionality as it evaluates the “risks to both sides of its dual mandate.” FOMC minutes with new statements in red. Source: CNBCThe Fed’s hold on rates aligned with market expectations, but Bitcoin remained fragile throughout Chairman Powell’s presser. Hyblock CEO Shubh Varma described the price action as “the usual sell the news reaction after the FOMC,” but also noted that BTC “quickly recovered to pre-announcement levels within hours, showing strong underlying conviction.” Adding data to back his market view, Varma said, “The global bid ask ratio spiked to 0.3 (one of the highest readings), while open interest fell on the price drop. This is classic post-FOMC position squaring and stop-hunt behavior rather than conviction selling.”BTC/USDT global bid ask ratio. Source: HyblockWill support turn back into resistance?After the FOMC minutes were published, BTC dropped to an intra-day low of $74,937, slightly below the 20-day simple moving average ($75,664) that some traders identified as critical to confirming BTC’s support-resistance flip. As reported on Monday by Cointelegraph, following the break above the channel resistance on the daily chart, BTC required consecutive daily candle closes above the trendline, followed by a lower support restest in the $76,500 to $75,500 range. BTC/USDT 1-day chart. Source: TradingViewWhile all the above have happened, failure to recapture the 20-MA and close above the trendline resistance could be interpreted as a loss of momentum within the bull trend, opening the path for Bitcoin to test the downside boundary of the near-4-month-old channel. Related: Bitcoin falls as traders cut risk ahead of FOMC: Will Tradfi, spot ETF volumes bolster $70K support?Prior to the Chairman Powell’s presser, Glassnode analysts noticed that Bitcoin traders were adding bearish leverage, citing rising open interest after Tuesday’s rally to $79,000, funding remaining neutral and a divergence between the spot and futures market cumulative volume delta (CVD). Bitcoin traders turn bearish ahead of FOMC minutes. Source: Glassnode / XAdditional analysis from Glassnode’s The Week Onchain report depicted Bitcoin’s price action as “trapped below market mean,” where $65,000 to $70,000 act as support, but weak demand prevents the formation of sustainable rallies. According to the report, Bitcoin failed to overcome its True Market Mean at $79,000 and a surge in short-term holders’ profit taking, along with margin futures flipping net short, has sapped away Bitcoin’s shorter-term bullish momentum. BTC entity-adjusted short-term holder realized profit. Source: GlassnodeWhile these factors increase Bitcoin’s sensitivity to a sharper downside move, the analysts said institutional flows into the spot BTC ETFs and rising CME open interest have helped to build a “dense accumulation cluster between $65K and $70K.” CME open interest, US spot ETF AUM position change. Source: GlassnodeThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Key points:Buyers are struggling to sustain the BTC rebound, suggesting bears are attempting a comeback.Several major altcoins risk breaking below their support levels, signaling a deeper short-term pullback.Bitcoin (BTC) rallied above $77,900 on Wednesday, but the long wick on the candlestick shows selling on rallies. On-chain analyst Willy Woo said in a post on X that BTC needs to close above the $79,000 cost basis of recent investors to strengthen the recovery. Woo gave BTC only 30% odds of rising above $79,000 in this attempt.Another cautious view came from crypto trading account CRYPTOWZRD, who highlighted the risks of downside in June. CRYPTOWZRD said in a post on X that historically BTC has corrected for a few months after a new Federal Reserve chair takes over. With Kevin Warsh slated to take over as the Fed chair in May, could BTC “break the curse,” or will it see a final dip? Crypto market data daily view. Source: TradingViewAnalysts remain divided about BTC’s prospects in the near term. Some analysts believe BTC will breakout to a new all-time high and rally to as high as $250,000 in 2026, while others anticipate a drop below $50,000 to as low as $30,000. Although anything is possible in the cryptocurrency markets, traders should watch crucial support and resistance levels closely rather than becoming overly optimistic or pessimistic based on target projections.Could BTC and the major altcoins stay above their immediate support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Bitcoin price predictionBTC bounced off the 20-day exponential moving average ($75,478) on Wednesday, but the bulls could not sustain the higher levels. BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA is the critical near-term support to watch out for. If the BTC price rebounds off the 20-day EMA with force and breaks above $80,000, it signals that the bulls have flipped the $76,000 level into support. The BTC/USDT pair may then rally to $84,000.This positive view will be negated in the near term if the price continues lower and breaks below the 20-day EMA. That suggests the bears are active at higher levels. The pair may then tumble to the 50-day simple moving average ($72,086) and later to the support line.Ether price predictionBuyers are attempting to sustain Ether (ETH) above the 20-day EMA ($2,291), but the bears continue to exert pressure.ETH/USDT daily chart. Source: Cointelegraph/TradingViewIf the ETH price continues lower and breaks below the moving averages, it suggests that the bears are on a comeback. The ETH/USDT pair may then slump to the support line, where the buyers are expected to step in.Conversely, if the price turns up from the moving averages, it suggests that the lower levels are attracting buyers. The pair may rise to $2,465 and then to the resistance line of the ascending channel pattern.  XRP price predictionXRP (XRP) fell below the moving averages on Tuesday, indicating that the bears are attempting to take charge.XRP/USDT daily chart. Source: Cointelegraph/TradingViewXRP price may slide to $1.27, where buyers are expected to mount a strong defense. If the price rebounds off the $1.27 support and rises above the moving averages, the recovery may reach the downtrend line. A close above the downtrend line signals a potential trend change. Conversely, a break below the $1.27 level puts the Feb. 6 low of $1.11 at risk of a breakdown. The pair may then plummet to $1 and then to the support line.BNB price predictionBNB (BNB) remains stuck inside the large range between $570 and $687, signaling buying on dips and selling on rallies. BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe flattish moving averages and the RSI just below the midpoint suggest that the BNB/USDT pair may continue consolidating for some time.Buyers will gain the upper hand if they push the BNB price above $687. If they manage to do that, the pair may surge to $730, then to $790. On the other hand, a break below the $570 support signals the resumption of the downtrend. The pair may then collapse to $500.Solana price predictionSolana (SOL) has been trading inside a tight range between $82.65 and $90.73, indicating a balance between supply and demand.SOL/USDT daily chart. Source: Cointelegraph/TradingViewIf the price breaks below $82.65, the SOL/USDT pair may decline toward the $76 support. Buyers are expected to fiercely defend the $76 level, as a close below it may sink the pair to $67.On the upside, a break and close above the $90.73 level would indicate a slight advantage for the bulls. The SOL price may then reach the overhead resistance at $98. This is a critical level to watch out for as a break above $98 opens the doors for a rally to $117.Dogecoin price predictionDogecoin (DOGE) bounced off the 20-day EMA ($0.10) on Monday, indicating buying on dips.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls pushed the DOGE price above $0.11 on Wednesday, but the long wick on the candlestick indicates that bears remain active at higher levels. A break below the 20-day EMA signals that the DOGE/USDT pair may remain range-bound between $0.09 and $0.12 for a few more days.On the other hand, if the price rebounds off the $0.10 level, it increases the possibility of a rally to $0.12. A close above the $0.12 resistance suggests that the pair may have bottomed out in the short term.Hyperliquid price predictionHyperliquid (HYPE) turned down from the $43.76 overhead resistance on Monday and fell to the 50-day SMA ($39.70) on Tuesday.HYPE/USDT daily chart. Source: Cointelegraph/TradingViewSellers will attempt to strengthen their position by pulling the HYPE price below the 50-day SMA. If they manage to do that, the HYPE/USDT pair may initiate a deeper pullback to $37.77, then to $34.45.On the upside, the bears will continue to pose a substantial challenge in the $43.76-$45.77 zone. However, if buyers break above the overhead zone, the pair may rally to $50 and then to $51.43. Related: XRP set for ‘strongest’ 2026 monthly ETF inflows as bulls target $2Cardano price predictionCardano (ADA) is facing selling near the downtrend line, but a minor positive is that the bulls have not given up much ground to the bears.ADA/USDT daily chart. Source: Cointelegraph/TradingViewThat suggests the bulls will again attempt to drive the ADA price above the downtrend line. If they succeed, the ADA/USDT pair may rally to $0.32 and then to $0.37. Such a move signals a potential trend change.Sellers are likely to have other plans. They will attempt to defend the downtrend line and pull the price to the solid support at $0.22. A close below the $0.22 level indicates the resumption of the downtrend.Bitcoin Cash price predictionBitcoin Cash (BCH) bounced off the $443 support on Tuesday, but bulls are struggling to push the price above the moving averages.BCH/USDT daily chart. Source: Cointelegraph/TradingViewThe flattish moving averages and the RSI near the midpoint do not give either bulls or bears a clear advantage. If the BCH price maintains above the moving averages, the possibility of a rise to the $486 level increases. Sellers are expected to aggressively defend the $486 level, as a close above it opens the door to a rally to $520.On the downside, a close below the $443 level may sink the BCH/USDT pair to the solid support at $419.Monero price predictionMonero (XMR) surged above the $390 resistance on Sunday, but the bulls could not sustain the breakout.XMR/USDT daily chart. Source: Cointelegraph/TradingViewThe XMR price pulled back to the 20-day EMA ($364), where the buyers stepped in. If the XMR/USDT pair continues higher and breaks above the $406 level, it signals the start of a new up move toward $500.Contrary to this assumption, if the price turns sharply lower and breaks below the moving averages, it suggests the pair may remain within the $302 to $390 range for some time.

Bitcoin (BTC) fell from its local high at $79,500 as traders repositioned ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday.Historical data shows that since the start of 2025, BTC has corrected seven out of 10 times after an interest rate cut.Bitcoin’s reaction to interest rate cut decisions in 2025 and 2026 shows a clear pattern. The price often moved higher in the days before the meeting, followed by negative returns afterward, as illustrated in the chart.BTC price reaction post FOMC meet. Source: Cointelegraph/TradingViewThe seven-day returns ranged from +6.92% to –29.57% across 10 FOMC meetings.BTC 7-day reaction after FOMC (visual heatmap table). Source: CointelegraphOver the past two years, the post-FOMC price action has been driven less by the rate outcome and more by shifts in liquidity and leverage conditions.During the Jan. 29–Feb 5 drawdown, when BTC fell roughly 30%, derivatives data highlighted the extent of this dynamic. Futures open interest declined sharply, falling to $49 billion from around $61 billion over the course of a week, signaling an aggressive unwind of leveraged positions.This deleveraging phase triggered an estimated $2.5 billion in BTC-specific liquidations, with total crypto liquidations reaching $4.5 billion over the same period.MN Capital founder Michael van de Poppe said that the setup was typical pre-FOMC behavior from the traders. The view frames the pullback as a routine correction tied to the policy uncertainty, with van de Poppe adding,“It almost always happens prior to the event, as there’s still a lot of fear for FED policies from the markets.”The analyst noted that as long as the price holds above $73,000, the higher range may remain intact in the near term.Related: Three Bitcoin charts say BTC price may rally toward $82KStrategy buying BTC offsets the weak sentimentWhile short-term price action reflects caution around macro events, the broader demand picture suggests a strong structural bid beneath the market.Corporate BTC accumulation continues to play a key role. Strategy has significantly expanded its Bitcoin holdings in 2026, increasing its total balance to 818,334 BTC from 672,497 on Jan. 1, adding 145,837 BTC.The purchases are partly funded through Stretch (STRC) offerings, in which the firm raises capital via equity-linked instruments and allocates the proceeds to Bitcoin.Strategy BTC holdings in 2026. Source: bitcointreasuries.netBitcoin macro researcher Ecoinometrics noted that the pace mirrors the late-2024 accumulation, though current conditions are less bullish.At the same time, spot Bitcoin ETF flows have turned positive again, with roughly $3.5 billion in net inflows over the past two months. This resurgence signals renewed institutional participation, even as the short-term sentiment remains cautious.BTC is finding support at key price levels. Source: Cointelegraph/TradingViewSince March, the return of institutional demand for BTC has coincided with the crypto asset forming support levels at key price ranges, such as $60,000, $65,000 and $70,000. While macro-driven events like the FOMC continue to trigger short-term volatility and risk-off behavior, this underlying demand base is helping cushion deeper drawdowns and support a more resilient long-term market structure for Bitcoin.Related: Bitcoin price drops below $76K as onchain data sends mixed signalsThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

More than 70% of crypto investors believe that Bitcoin (BTC) is undervalued, according to a recent Global Investor Survey conducted by Coinbase and Glassnode.The survey found that 82% of institutions and 70% of non-institutions classify the market as a late bear cycle markdown phase, while onchain indicators suggest BTC is entering a “value-accumulation zone.” Bitcoin is in a late bear phase as undervaluation persistsCoinbase Institutional Research surveyed 91 global investors between March 16 and April 7, including 29 institutions and 62 non-institutions. The responses show a sharp shift in perceptions for the current BTC market. Around 82% of institutions and 70% of non-institutions now classify the market as a late bear or a markdown phase, up from roughly one-third in December.Bitcoin investor survey data. Source: CoinbaseAt the same time, the valuation views held steady. About 75% of institutions and 61% of non-institutions consider Bitcoin undervalued. Only a small share flagged it as overpriced.The survey also noted a shift in expectations for Bitcoin dominance. The share of institutions expecting dominance to rise dropped to 25% from 40%. About 54% now expect it to remain near the current level of 58.1%, while 21% expect a decline. Related: Bitcoin, stocks risk ‘months’ of losses as Kevin Warsh Becomes Fed chairOnchain signals flag value zone for BitcoinOnchain data echo the valuation stance for Bitcoin. Crypto analyst Woominkyu’s Bitcoin Combined Market Index (BCMI) aggregates MVRV, NUPL, SOPR, and investor sentiment into a single reading. The index recently jumped to 0.37 from 0.26, a level historically linked with deep undervaluation phases.Bitcoin Combined Market Index. Source: CryptoQuantThe MVRV compares market value to realized value, while NUPL tracks net unrealized profit and loss across holders. The SOPR measures whether coins are sold at a profit or a loss. Combined, the indicators frame both the pricing and investor behavior from a single viewpoint. The BCMI’s 90-day average continues to trend downward, suggesting ongoing selling pressure. However, earlier this month, Woominkyu said,“We are entering a “Value-Accumulation Zone.” The data suggests the downside is becoming limited compared to the long-term upside.”The short-term holder activity adds context. The realized cap UTXO age bands for one-week to one-month holders fell to 3.91%, matching October 2023 levels when BTC traded near $27,000. This metric tracks the share of recently moved coins, acting as a proxy for short-term liquidity and price speculation.Historically, Bitcoin has formed cycle lows within three to six months of similar readings since 2021. Market analyst Crypto Dan noted in March that the indicator has dropped significantly, placing the BTC market near undervalued territory without confirming a final bottom. Bitcoin realized cap: UTXO age bands (1 week to 1 month). Source: CryptoQuantRelated: Bitcoin’s recent rally is largely fueled by Strategy purchases: Bitwise’s HouganThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Dogecoin (DOGE) gained as much as 12% on Wednesday, leading gains in a broader relief rally across global risk markets ahead of the US Federal Reserve decision on interest rate cuts. Key takeaways:Dogecoin rallied up to 14% to $0.112 on Wednesday, outperforming the wider crypto market.Dogecoin open interest jumped 25% in 24 hours to $1.74B, signaling growing derivatives interest and institutional participation.A 2023-style fractal suggests DOGE price could rally 300% in the coming weeks.Dogecoin open interest surges 25%DOGE rose as much as 14% to an intraday high of $0.112 on Wednesday from a low of $0.097, outperforming the broader crypto market.Related: Price predictions 4/24: BTC, ETH, XRP, BNB, SOL, DOGE, HYPE, ADA, BCH, XMRDogecoin’s rally was fueled by several factors, including the launch of 21Shares’ physically-backed Dogecoin exchange-traded product (ETP) on Xetra, Germany’s leading electronic trading platform.Source: X/21SharesThe memecoin’s open interest (OI) surged 25% over the last 24 hours and 46% over the last two weeks to $1.74 billion on Wednesday, signaling the return of derivatives traders. Futures OI increasing alongside the price indicates a growing interest from institutional investors, which is generally seen as bullish, as it tends to increase liquidity and attract more trading capital.DOGE OI across all exchanges. Source: GlassnodeDogecoin’s rally also comes ahead of Federal Open Market Committee (FOMC) meeting on Wednesday, with market participants pricing in a 100% chance that interest rates will be left unchanged at 3.50%-3.75%.DOGE’s reaction to FOMC rate cut decisions in 2025 and 2026 shows a clear pattern. The price often moved higher in the days leading up to the meeting, followed by mostly negative returns thereafter, as illustrated in the chart.DOGE/USD daily chart. Source: Cointelegraph/TradingViewPrevious FOMC-linked corrections have coincided with sharp deleveraging phases, last seen in March, when a 15% DOGE price drop was accompanied by a $890 million decline in futures OI and $30 million in total Dogecoin liquidations.DOGE’s 2023 fractal projects 300% price rallyThe DOGE/USD pair is currently displaying a technical pattern that follows a 2023 fractal, in which Dogecoin gained 300%. The weekly chart shows the price bouncing off an ascending trend line that has supported it since mid-2022.A bullish cross from the moving average convergence divergence (MACD) indicator also confirmed the price bottom.DOGE/USD weekly chart. Source: Cointelegraph/TradingViewDogecoin’s current price action is following a similar pattern, again bouncing off the same structural support and a confirmed bullish MACD crossover.Dogecoin’s “weekly chart looks clean: bottom looks in, structure is holding,” analyst Trader Tardigrade said in a recent post on X, adding that the “next leg could send” the DOGE/USD pair to $1.If history repeats itself, DOGE price may rally by more than 300% toward $0.33 over the next few weeks. As Cointelegraph reported, further confirmation of a trend reversal now hinges on the DOGE/USD pair crossing the key $0.10-$0.11 resistance zone.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

XRP (XRP) price was up 1.2% over the last 24 hours to trade at $1.40 on Wednesday. Several market and technical factors suggest that the XRP/USD pair may climb further as long as key support levels hold.Key takeaways:Spot XRP ETFs are set to record their strongest monthly inflows since December 2025, signaling renewed institutional demand.A symmetrical triangle setup sees XRP price rising roughly 53% as long as support at $1.40 holds.Ripple CEO on XRP: “Lock in”Ripple CEO Brad Garlinghouse is urging the XRP community to “lock in” as massive marketing campaigns take over the Las Vegas Strip ahead of the XRP Las Vegas 2026 (XRPLV26) conference. Related: Bitcoin, stocks risk ‘months’ of losses as Kevin Warsh Becomes Fed chairThe event, which is scheduled for Thursday and Friday will focus on the expanding XRP ecosystem, next-generation applications on the XRP Ledger and community building.On Tuesday, OKX, a major crypto exchange, posted an image of the Las Vegas Sphere lit with the XRP logo, which Ripple CEO Brad Garlinghouse reposted with a simple directive to his followers: “Lock in.”Source: X/OKX/Brad GarlinghouseRipple has heavily promoted the event with massive “Raise the Standard” XRP billboards across the Las Vegas Strip, timed with the ongoing Bitcoin 2026 conference. This has sparked renewed hype and social media buzz around the event.However, historical patterns show Ripple/XRP events rarely trigger sustained price rallies. For instance, XRP price gained 16% over the week following Ripple’s Swell 2025. But this was followed by a 30% drop from $2.56 to $1.81 between Nov. 11 and Nov. 21 of that year.Therefore, without major concrete announcements emerging from the stage, any upside may quickly fade amid broader market forces.XRP ETF demand is “still alive”XRP spot ETFs are gaining steady momentum again, with the latest inflows showing that investor demand is not just returning but holding firm at elevated levels. These investment products posted inflows in 11 of the last 13 days, totaling $82.42 million, according to data from SoSoValue. XRP ETFs have already pulled in $83.9 million in net inflows in April, marking a strong rebound from March’s $31.16 million outflow. This reversal makes April the “strongest monthly inflow since December 2025,” signaling a notable shift in momentum, analyst Xfinancebull said in a Monday post on X, adding:“That does not guarantee instant price fireworks, but it absolutely tells me the bid for regulated $XRP exposure is still alive and building.”Spot XRP ETF flows chart. Source: SoSoValueMeanwhile, global XRP exchange-traded products (ETPs) posted inflows totaling $25 million during the week ending Friday. XRP ETPs have now recorded $148 million in net inflows so far in 2026, bringing the total assets under management (AUM) to roughly $2.6 billion.Crypto funds net flows data. Source: CoinSharesThis indicates a sustained institutional appetite for XRP products, adding to XRP’s tailwinds.As Cointelegraph reported, exchange outflows, positive flows into whale addresses and strong ETF demand improve XRP’s chances of a sustained price recovery.XRP price technicals put 50% rally in playThe XRP/USD pair has spent nearly three months inside a symmetrical triangle, defined by two converging trend lines. Its rebound from the lower trend line support on Wednesday now raises the odds of a move toward the upper boundary.A daily candlestick close above the upper line of the triangle at $1.45 would open the way for a rally toward its measured target at $2.15, about 53% above the current price.However, bulls must overcome resistance from the 100-day exponential moving average (EMA) at $1.52 and the 200-day EMA at $1.75, before reaching this target.XRP/USD daily chart. Source: Cointelegraph/TradingViewNotably, XRP’s chances hinge on bulls defending support at $1.40, which is also the 200-week EMA and the 20-day EMA, making this a key level. A decisive break below it risks invalidating the bullish narrative altogether.It may instead raise the odds of the price declining toward the $0.98 mark, aligning with the triangle’s bearish target.As Cointelegraph reported, a break below the moving averages around $1.38-$1.40 could see XRP price drop toward $1.12 over the next few days.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) may face “a few months” of downside as the new US Federal Reserve chair takes over next month.Key points:Bitcoin may follow risk assets downhill after Kevin Warsh takes over as chair of the US Federal Reserve.President Donald Trump has said that he “would” be disappointed if an interest-rate cut did not occur in June.Wednesday marks current Chair Jerome Powell’s last rate decision.Bitcoin price tends to fall after new Fed chair entersIn its latest market coverage on X, crypto trading account CRYPTOWZRD warned that fresh downward BTC price pressure could return in June.The Fed’s new chair, Kevin Warsh, is due to take over from Jerome Powell — and the stakes are high when it comes to crypto and risk-asset performance.“Every time a new FED Chair takes over $BTC has corrected for a few months before the real fun began,” CRYPTOWZRD noted.“Can it break the curse or a final dip?”BTC/USD one-month chart with Fed chair appointments. Source: CRYPTOWZRD/XHistory shows that a change of management at the Fed pressures stocks as well — but this year, the S&P 500 is at all-time highs as it happens.The picture is complicated by politics. Powell avoided cutting interest rates — a would-be bullish catalyst for crypto — even as US President Donald Trump publicly shamed him for not doing so.In an interview with CNBC last week, Trump said that he “would” be disappointed if Warsh did not cut rates at his first Federal Open Market Committee (FOMC) meeting in June. Powell’s last FOMC meeting is due on Wednesday, with markets unanimously seeing rates being held at current levels, per data from CME Group’s FedWatch Tool.Fed target rate probabilities for April 29 FOMC meeting (screenshot). Source: CME GroupWarsh gives traders mixed signals on policyContinuing, crypto market participants see potential tailwinds for Bitcoin and altcoins thanks to US macro trends.Related: Bitcoin Bull Score hits six-month high as 2022 bear-market fears lingerThe Fed has begun adding to its balance sheet this year — a form of liquidity catalyst that traditionally benefits markets.“That’s right, the Fed has added ~$200B of US Treasuries back onto its balance sheet in the last few months,” Bitcoin Opportunity Fund partner James Lavish wrote on the day. “So much for tightening the money supply. QT is officially over. QE-light is in the house.”Fed balance-sheet data. Source: James Lavish/XIn recent YouTube content, meanwhile, Charlie Bilello, chief market strategist at wealth manager Creative Planning, revealed what he called a “contradiction” in Warsh’s plans.While “building the case” for rate cuts, he said, Warsh has been critical of the Fed keeping rates low during the post-COVID-19 inflation surge in 2021 and 2022.“It was a ‘fatal policy error’ that was what he was saying back then, and I would agree with that,” Bilello said.Warsh has also criticized balance-sheet expansion, raising questions over the fate of the 2026 uptrend.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Key takeaways:Stalled progress on the CLARITY Act and hiccups in AI industry revenue weighed heavily on Bitcoin traders’ sentiment.Global instability and US economic concerns may add further downside pressure on Bitcoin price.Bitcoin (BTC) retreated below $76,000 on Tuesday, erasing gains from the prior week. This movement followed a 1% decline in the tech-heavy Nasdaq 100 Index after OpenAI reported a shortfall in its revenue and user growth targets. While the AI industry may be a factor in Bitcoin’s decline, crypto market regulations and macroeconomic indicators are also contributing.Nasdaq 100 futures (left) vs. Bitcoin/USD (right). Source: TradingViewThe Nasdaq 100 Index traded down 1% on Tuesday as AI infrastructure companies displayed weakness following a Wall Street Journal report that ChatGPT developer OpenAI announced lackluster sales and user metrics for 2025. Shares of Nvidia (NVDA US), Oracle (ORCL US), and CoreWeave (CRWV US) fell more than 2%.The downturn in technology stocks can also be attributed to routine profit-taking, as the Nasdaq 100 Index reached an all-time high on Monday. Traders adopted a more cautious approach ahead of quarterly earnings reports from Microsoft (MSFT US), Google (GOOGL US), Amazon (AMZN US), and Meta (META US) on Wednesday, with Apple (AAPL US) following on Thursday.Tech valuations, oil prices and shaky real estate marketsBrent crude oil spiked to $110 as US-Iran negotiations stalled over nuclear enrichment, threatening traffic through the Strait of Hormuz. Meanwhile, China’s major cities experienced significant declines in real estate, with existing home prices dropping 7.4%. In the US, although the S&P Case-Shiller Index rose 0.3%, over half the country saw price decreases. In addition to the current macroeconomic factors, Bitcoin traders are skeptical about stalled progress on the CLARITY Act. Despite the pro-crypto stance from the Trump administration, the expected advancements have not fully materialized. If the market perception of crypto regulation improves, it could serve as the necessary catalyst to drive institutional demand back into Bitcoin.Related: Acting AG Todd Blanche confirms ‘code is not a crime’ in DOJ pivotOdds of crypto market structure legislation approval by 2027. Source: KalshiTraders are currently pricing in lower odds of the CLARITY Act’s approval. This crypto market structure bill cleared the House of Representatives in July 2025 but has since stalled in the Senate Banking Committee. While it is impossible to pinpoint the exact drivers behind the Bitcoin price correction to $76,000, the lack of momentum in US-Iran negotiations, weakness in real estate markets, and negative regulatory pressure have likely undermined investor confidence. These factors, alongside the downturn in technology stocks on Tuesday, have created a challenging environment for Bitcoin.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin’s (BTC) Coinbase Premium Index has turned negative at -0.008 for the first time in three weeks, signaling a sharp reduction in US spot market demand and aligning with BTC’s current price drop. The signal held across hourly readings through the next 48 hours, showing consistent selling pressure from US-based buyers. The shift comes as the net weekly average of BTC realized losses climbed to $829 million, suggesting reduced investor conviction. Bitcoin Coinbase Premium Index. Source: CryptoQuantCrypto trader Ardi highlighted a break in both trendline support and the $77,300 liquidity zone. The trader linked the move to weakening spot demand, noting that the premium has posted consecutive red readings for the first time since BTC was near $67,000. Ardi said that price action during the Federal Open Market Committee (FOMC) meeting window could remain volatile, with rapid moves in either direction. Traders could place focus on the $74,500–$75,500 range as a key downside area tied to demand exhaustion.Onchain data adds to this view. Crypto analyst Darkfost noted that the weekly realized losses reached $829 million on a seven-day average, compared to $566 million in realized profits. The net realized profit briefly turned positive on April 9, then reversed within two weeks. Bitcoin net realized profit/loss [USD] 7DMA. Source: CryptoQuantThe share of supply in profit stands at 64%, a level that has not historically supported sustained upside. This indicates weaker conviction among holders despite the recent rebound.Related: Bitcoin price hits one-week low as $100 oil sparks fresh Asia crisis fearsBitcoin sell volumes at Binance reach $828 millionDerivatives data shows strong sell-side activity on Binance. Crypto analyst Amr Taha noted that the 24-hour cumulative net taker volume dropped by $828 million on April 27, the lowest reading since late March. BTC cumulative net taker volume on Binance. Source: CryptoQuantNegative net taker volume indicates that the market’s sell orders exceed its buy orders. The Binance taker buy/sell ratio has also fallen to 0.89, a level last recorded on March 29.That earlier reading aligned with a local pivot when Bitcoin tested $66,000, then recovered by 15% over the past 30 days.The current readings place both metrics back near prior exhaustion zones. Taha described the setup as closer to a short-term capitulation than a larger trend breakdown.Related: Can Bitcoin hit $250K this year? Traders say it may be time to ‘sell in May’This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.