Nvidia shares rose to a new high after US approvals opened the door for H200 chip sales to major Chinese buyers.
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Crypto analyst Xanrox has advised market participants against buying Bitcoin, warning that a crash is looming for the leading crypto. Instead, the analyst advised buying altcoins, which are likely to offer greater gains. Analyst Advises Against Buying Bitcoin With Crash Looming In a TradingView analysis, Xanrox advised against buying Bitcoin, citing the crypto’s bearish price action. Commenting on BTC’s daily chart, he noted that the LOG scale shows a bearish flag pattern, indicating bearish price action. He added that it will be a technical error to buy or go long at the resistance of the channel. Related Reading: 9 Red Candles Before The Bottom: Why Bitcoin Price Will Continue To Crash Xanax further revealed that Bitcoin’s price is currently within the channel, indicating a huge selling wall above the current price. The analyst admitted there is still a chance BTC could rise to between $83,000 and $84,000. However, he advised opening a short position at this point rather than longing BTC. The analyst’s accompanying chart indicated that the recent Bitcoin rally was simply a bull trap, with BTC now at risk of dropping to around $60,000. BTC notably fell below $80,000 yesterday following the release of the U.S. PPI inflation data, which showed that inflation rose 6% year-over-year (YoY) in April due to the U.S.-Iran war. Meanwhile, Xanrox also noted that Bitcoin’s dominance is bearish, which is a strong sign of an altcoin season. He stated that the BTC price is currently looking to retest the main channel’s support trendline at around $60,000. Altcoins To Buy Xanrox listed ADA, TRX, LINK, DOGE, BNB, XLM, XRP, and ETH as altcoins to buy for those looking to trade with huge banks and institutions because they control the price of these coins. He reiterated that market participants should avoid Bitcoin as its dominance is falling and that it has already pumped from its February lows of around $60,000. Related Reading: Can An Altcoin Season Come Again? Why Bitcoin Price Can’t Fall Below $40,000 Meanwhile, the analyst stated that trading lower-cap coins will be better for those looking to make much more profit, as those coins have greater upside than the major altcoins, which he described as ‘bank’s coins.’ Some altcoins have recorded significant gains over the last month, with TON, SUI, and ONDO leading the way. TON is up almost 50% in the last month, rising to almost $3 as the Toncoin network’s fees dropped by 600%. The altcoin also recorded this surge as the Toncoin network now offers one of the most attractive yields among all layer-1 networks. Meanwhile, SUI and ONDO are up over 26% and 57%, respectively, on the back of bullish fundamentals in their respective ecosystems. At the time of writing, the Bitcoin price is trading at around $79,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Suspending the federal gas tax could offer temporary consumer relief but risks significant funding shortfalls for essential infrastructure projects.
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“We're pleased with our Q1 results and we're even more excited about what comes next,” CEO Tom Farley said.
The AI infrastructure company began trading Thursday as investors continue pouring capital into artificial intelligence stocks.
After a bipartisan approval in the Senate Banking Committee, the crypto market structure bill now advances to a final overhaul aimed at Senate and House passage.
The XRP Ledger (XRPL) is seeing a drastic rise in fraud attempts targeting its users as the network draws more institutional activity, higher transaction volumes, and renewed attention from XRP traders. On May 14, David Schwartz, the former chief technology officer at Ripple, published a public warning regarding the increasing scam efforts targeting the XRPL […]
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The surge in euro stablecoin interest highlights a shift towards regulated digital finance, potentially transforming the 16T euro market landscape.
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Solana's proactive quantum readiness could set a new security benchmark, influencing blockchain protocols to prioritize future-proofing measures.
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Landmark legislation to regulate the digital asset industry at large squeezed past a committee following months of strained deliberations.
The increased vessel transit under Iranian supervision may stabilize regional shipping routes, impacting global oil markets and geopolitical dynamics.
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The landmark crypto bill now passes onto the Senate floor for final approval, though many hurdles remain.
Senate Banking advances the CLARITY Act as crypto market rules face fights over stablecoins, ethics, and illicit finance.
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Joseph Chalom said growing institutional adoption of tokenization could strengthen Ethereum's role as infrastructure for onchain assets.
Dune cut 25% of staff as it restructures around AI tools, institutional clients, and core crypto data infrastructure.
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XRP whales are accumulating at record levels, increasing the chances of XRP price rise toward $2, fueled by growing XRPL activity and a bullish technical setup.
The rise in scams impersonating CFTC officials highlights the urgent need for increased public awareness and stronger cybersecurity measures.
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The Iran conflict's impact on global growth and oil supply could lead to sustained inflation, affecting monetary policies worldwide.
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A CME group executive said the demand grew with average daily trading volume in his firms’ suite increasing by 43% year-to date.
Kraken will replace LayerZero with Chainlink CCIP as exclusive cross chain infrastructure for kBTC and future wrapped assets.
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A potential $1T China-US investment deal could reshape global economic dynamics, impacting national security, trade policies, and digital assets.
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Bitcoin surged back above $82,000 after the Senate Banking Committee voted to advance the Digital Asset Market CLARITY Act, clearing a major hurdle for the most comprehensive crypto regulation bill in US history. On May 14, the panel approved the legislation on bipartisan lines, sending the legislation to the full Senate floor. The successful markup […]
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The misuse of AI metrics at Amazon highlights the pitfalls of incentive structures, potentially skewing genuine AI adoption and innovation.
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Dimon's critique highlights the risk of capital flight from Europe and the UK, potentially shifting financial power towards more decisive markets.
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Bitcoin has lost the $80,000 level as the market faces a wave of uncertainty that has erased the confidence built during weeks of gradual recovery. The breakdown is not catastrophic in isolation — but XWIN Research Japan has identified a set of on-chain conditions that place the current moment in a historical context that demands careful attention before drawing conclusions about what comes next. Related Reading: XRP Holds Key Level, But Binance Flow Data Signals Weakening Demand The analysis draws on CryptoQuant data to describe a market at a genuine inflection point. Bitcoin rallied approximately 37% from the April lows, a recovery that carried it back toward the 200-day moving average at approximately $82,400 — a technical level that has acted as major resistance during previous bear market recovery attempts. The price reached that level and is now retreating from it. The historical parallel that XWIN Research Japan identifies is March 2022. At that point in the previous cycle, Bitcoin staged a sharp rebound of comparable magnitude before failing at the 200-day moving average and resuming the broader downtrend that eventually carried it to the cycle lows. The structural resemblance between that moment and the current one is the finding that cannot be dismissed without examining the evidence carefully. Compounding the concern, unrealized profit margins have climbed to 17.7% — the highest level since June 2025 — approaching the readings that accompanied the 2022 recovery rally before profit-taking accelerated and the advance stalled. The pressure building in the data is real. Whether it resolves the same way is the question the analysis addresses. The 2022 Bitcoin Warning Is Real The XWIN Research Japan analysis does not dismiss the bearish parallel — it earns the right to challenge it by acknowledging the evidence for it first. On May 4, traders realized profits of 14,600 BTC in a single day, the largest daily profit-taking spike since December 2025. Historically, single-day realizations of that scale tend to appear near local tops rather than in the middle of sustained advances. The signal is present and documented. What follows in the analysis is the case for why the current structure differs from the 2022 analog despite the surface similarities. Spot demand contraction has narrowed dramatically — from -91,000 BTC in April to approximately -11,000 BTC today. Selling pressure of that magnitude characterized the 2022 bear cycle throughout its duration. The current reading is a fraction of that. Long-term holder panic selling remains limited, and the average spot order size data points to whale-sized participation rather than retail-driven activity. Suggesting that large, informed capital is still accumulating through the volatility rather than exiting alongside it. The structural context that did not exist in 2022 adds the final layer. Spot ETFs, corporate Bitcoin adoption, and the regulatory clarity being advanced through the CLARITY Act represent institutional infrastructure that provides demand support the previous cycle simply did not have access to. The honest conclusion the analysis reaches is that Bitcoin may not be repeating 2022. It may instead be navigating a transitional phase. One where the asset is institutionalizing in real time, and where the historical playbook requires updating before it can be applied reliably to what comes next. Related Reading: A Quiet Rotation Into Altcoins May Already Be Underway: Altseason Hopes Return Bitcoin Faces Resistance After Recovery Rally Bitcoin is trading near $79,700 after losing momentum around the $80,000–$82,000 region, an area that has become the market’s immediate battleground. The daily chart shows BTC retreating after a powerful recovery from February lows near $63,000, a move that delivered roughly a 37% rally before price ran directly into major technical resistance. The rejection comes at an important point because the advance stalled precisely as Bitcoin approached the declining 200-day moving average near $82,400. That level carries historical importance. During previous bear-market recovery phases, the 200-day moving average frequently acted as a line separating temporary relief rallies from broader trend reversals. BTC briefly tested the region and immediately began showing signs of exhaustion. Related Reading: 21Shares Is Launching A Hyperliquid ETF: Here Is What Investors Need To Know Despite the pullback, the broader structure has not yet broken down. Bitcoin continues holding above the key support zone around $73,000–$75,000 highlighted on the chart. That region aligns with previous consolidation and sits close to the rising shorter-term moving averages. As long as price remains above it, buyers maintain technical control of the recovery structure. Volume has also declined during the latest push higher, suggesting momentum participation weakened near resistance. For now, Bitcoin remains trapped between key support and long-term resistance, leaving the market at a critical decision point. Featured image from ChatGPT, chart from TradingView.com
CoinList has launched Passage. The move marks its expansion beyond token sales, which have slowed across the crypto industry in recent years.
Dune CEO Fredrik Haga said the firm "let 25% of the team go this week" on X, in part citing its heavy investment in AI-powered tools.
In the hearing to advance the market structure bill to its next stage, lawmakers from both parties granted lengthy talks hadn't yet found needed common ground.
The redirection of vessels underscores heightened military tensions, potentially hindering diplomatic resolutions and impacting global oil flow.
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Turnkey raised $12.5M to expand verifiable cloud and wallet infrastructure for stablecoins, AI agents, and onchain apps.
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