In the news today:-
How would you grade Coinbase’s Q1 2025 report? Needs improvement. While the user engagement metrics painted an appealing picture – USDC balances rose by a whopping 49% quarter-over-quarter- the financials told a very different story. The revenue fell short of the estimates by about $200 million, and transaction revenue was down $70 million; the EPS, well, it dropped specs below. So, that’s solid user activity; on the other hand, the bottom line gives a hint of a crypto winter.
It will hopefully serve as mediation between Ripple and the SEC, thereby ending the long stalemate that the parties have been embroiled in. Out of the $125 million relative infringement fine initially imposed on Ripple, they have agreed to pay only $50 million and have had $75 million returned to them. The resolution of this matter would, of course, require dissolution of the injunction against Ripple, thus marking the closure of probably one of the most closely observed battles within the crypto world.
This method certainly would have earned a space as an artful and scary example of mediation gone awry, after the long stalemate between Ripple and the SEC. Out of the initial $125 million directly related service charge imposed to Ripple, Ripple agreed to pay only $50 million, with $75 million returned back to them. Obviously, if this matter has indeed been resolved, the court must now dissolve its injunction against Ripple, thus marking the closure of one of perhaps the most closely observed battles within the crypto world.
The Crypto Market Jumped Today
Crypto roar back! A tidal wave of bullish energy has shoved the total market cap to the levels of $221 billion in a day, crossing a valuation of $3.17 trillion-peak in two and-a-half months. Now, what has given wings to this explosive rally? A whisper of a great US-UK trade deal is on the air and hope is rising on the fact that soon, trade wars will be behind us and a great expanse of smoother waters will greet the world.
Can the crypto rally reach fever pitch? Everybody is watching the TOTAL flirts with the $3.16-trillion level. Can one move past that high, and $3.28 trillion becomes the next mountain to scale. The question is: Will the resistance become strong support? If such support is created, I feel the bulls will take flight to destinies of euphoria, and with tailwinds from the global economy.
Total Crypto Market Cap Analysis. Source: TradingView
But beware: if the selling intensity multiplies and a mass exit ensues, TOTAL will surely fail to uphold its $3.16 trillion value. Prepare for a snap decline to $3.09 trillion, or, ominously, $3.00 trillion, effectively hitting a wall in this bullish rally.
Bitcoin Crosses $100,000
Bitcoin Smashes $100,000!
The crypto king has surpassed the $100,000 barrier, gaining 5.79% in the last 24 hours to currently trade at a breathtaking $102,645. This is more than just a breakout. It’s a statement. Will Bitcoin sustain this level and climb higher, or is this the last hurrah before the retreat? Investors are watching the charts with bated breath for what comes next in this high-stakes drama.
Bitcoin Bulls Charge: $104,000 Breached!
Bitcoin’s recent surge has sent it at a 3-month peak, even briefly touching $104,000! All attention, now, is tuned to $105,000. Breaking above it sees $109,588 all-time high being within grasp. Will the momentum hold? If it sustains its climb above $105,000, that might kickstart another round of FOMO and validate the bullish comeback of Bitcoin.
Bitcoin Price Analysis. Source: TradingView
But what if the Bitcoin rocket sheds its thrust? If any such stumbles occur amidst a wave of selling, the $100,000 floor might crack. Drop to $95,761 is more than just a dip- it’s a red flag signaling the death of a bull run and the allowed chilling descent. This rosy picture might very well shatter, throwing investors into a completely different- almost grim- reality.
Virtuals Protocol Takes The Top Spot
VIRTUAL: Today’s Altcoin Rockstar! Soaring 45% to $2.02!
VIRTUAL was set ablaze! This alt-gem surged 45% to touch $2.02, a third-month high, and now sits stubbornly above $2.00. The bulls are well and truly in control. This one could very well go all the way. Keep your eyes on VIRTUAL as the near future looks interesting!
VIRTUAL bulls are eyeing $2.26 as the gate to a raising spike. Breaking this resistance into solid support can set in motion the rally toward $2.99, with the ultimate target at the $3.00 mark. Hence, a decisive break and close above $2.26 would have to be another surefire indication for the continuation of the uptrend and could well cause a frenzy of new buyers to climb on board.
VIRTUAL Price Analysis. Source: TradingView
VIRTUAL finds its fate hanging at $2.00. If it does not manage to hold this vital line, a domino effect might get triggered with the price coursing downward toward $1.59 and perhaps even going further into the abyss at $1.25. If $2.00 is breached, it becomes synonymous with erasing those recent gains endured from some almost instantaneous events that could give the bullish scenario some limelight; when that occurs, the opposition wall really starts to fill with cracks.
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