Bitcoin core dev to unite Bitcoin and Ethereum with cross-chain tunnels
The Hemi Network team claims tunneling allows Bitcoin and Ethereum to coexist without the attack vectors associated with cross-chain bridges.
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The Hemi Network team claims tunneling allows Bitcoin and Ethereum to coexist without the attack vectors associated with cross-chain bridges.
Physical activity could be equal to or even bigger than the $7 trillion attention economy, Sweat Economys co-founder believes.
According to Michael van de Poppe, an upcoming surge in global liquidity, fueled by debt refinancing, could trigger the next Bitcoin bull run.
Bitcoin offers a modest BTC price comeback after hurtling toward $60,000 in step with stocks worldwide.
Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500.
The Bitcoin price could increase by over two-fold based on a key bull signal historically correlated with price rallies.
Immutable (IMX) partners with QAQA and DM2C Studio to introduce web3 gaming to the Japanese market, enhancing digital ownership and gaming experiences. (Read More)
Bitcoin traders are upbeat, confident that bulls have more legs to push prices above $72,000 and all-time highs. While the excitement about what lies ahead is primarily due to the mass inflow into spot Bitcoin exchange-traded funds (ETFs), Charles Edwards, the founder of Capriole Investments, has picked out multiple factors capping the current uptrend to $100,000. Here’s Why Bitcoin Is Still Trading Below $100,000 In a post on X, Edwards said several factors combine to suppress gains. However, most relate to a tussle between new institutional money and a wave of long-term holder selling. Roughly six months after the first batch of spot Bitcoin ETFs were approved by the United States Securities and Exchange Commission (SEC), billions continue to flow to these derivative products. Related Reading: Injective (INJ) Price Set To Skyrocket 33% On Classic Bullish Signal: Crypto Analyst According to Lookonchain, all nine spot BTC ETF issuers in the United States added 6,907 BTC worth over $492 million on June 6. Fidelity added 3,104 BTC, while BlackRock bought 2,186 BTC. Encouragingly, following sharp gains on May 20, institutions have been increasingly buying more BTC, gaining exposure through spot ETFs. Over the past half year or so, Edwards notes that spot Bitcoin ETF issuers in the United States have been aggressively accumulating. So far, they have bought 200% of all BTC mined since their debut in January. What this means is that there is a steady and impressive stream of institutional investment flowing to Bitcoin. BTC prices have been trending higher in response to this development, breaking above 2021 highs and printing fresh all-time highs in March 2024. Related Reading: Crypto On Watch: Will ECB Rate Cut Fuel Bitcoin Rally? Though the uptrend is clear, the pace of expansion is discouraging. Edwards notes that more and more long-term holders are actively selling. Their share of the total supply has been shrinking since the December 2023 peak of 57%, falling to 54%, reducing 630,000 BTC in the process. This figure dwarfs the total holdings of all BTC accumulated by spot Bitcoin ETF issuers in the United States. Spot Bitcoin ETF Inflows, USD Liquidity, And Long-term Holder Behavior Are Key Amid this wait, the founder thinks Bitcoin could still exceed local resistance and rally to $100,000. For this level to be tested, there must be a spike in institutional appetite for BTC, even pushing daily purchases to over $1 billion. Additionally, long-term holders must slow down their liquidation, reducing supply. If this prints out as the M2 money supply in the United States increases, the coin could surpass expectations, breaking out from the current range. Feature image from DALLE, chart from TradingView
Oasys announced that Com2uS is set to launch its own L2 gaming blockchain that will be called XPLA Verse together with its two known gamesThe Walking Dead and Summoners War.
BitMEX updates IOUSDTM24 contract to Fair Price marking as of June 12, 2024. (Read More)
Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin.
Bitcoin price shows strength as investors expect the Fed to resume printing, but a handful of global macroeconomic headwinds are still in play.
The growth of the money supply is historically correlated with previous Bitcoin price bull runs.
Bitcoin’s price movement is starting to look positive after a brief stretch of crashes on Sunday and Monday. After breaking down to $74,000 on Monday, bearish momentum looked ready to drag Bitcoins price down further. However, bulls quickly stepped in to defend the dip. Their aggressive buying has pushed the price back up, with Bitcoin now moving towards the $80,000 level again. This recent crash is interesting because it aligns almost perfectly with a high-telling metric. This metric not only foreshadowed the crash, but it is now pointing to a powerful upward move for the next Bitcoin rally. Analyst Says Global M2 Is A Leading Signal For Bitcoins Next Move Colin, a well-followed crypto analyst on X, recently drew attention to Bitcoins relationship with the global M2 money supply. Taking to social media platform X, the analyst shared a chart showing Bitcoin’s price correlation with the Global M2 Money Supply, although with a 108-day offset. It almost looks like the Global M2 Money Supply is working as a template for Bitcoin’s price action, as the leading cryptocurrency has been tracing this offest almost step by step since August 2024. Related Reading: Bitcoin Vs. Global M2 Money Supply Shows A Big Move Coming, Heres The Target In his latest post, Colin explained that Bitcoin continues to follow Global M2 like glue. The chart he shared overlays Bitcoins candlestick movements with a yellow line representing the M2 supply offset by that duration. The result is a striking correlation that Colin has consistently tracked for over a year. The chart below highlights what Colin labeled a mini-rally that failed and another crash, which has played out just as M2 had predicted. Now, with Bitcoin starting April with this crash, the M2 indicator suggests that it could very well blast off anytime soon. However, Colin noted that the price could consolidate further or experience minor dips before the anticipated rally. The analyst noted that the leading cryptocurrency is not fully out of the woods. But if lucky, it will be mostly sideways from here until the blastoff shown by the M2, which is not until May. May Blast-Off? BTCs Rally Setup Strengthens Despite Short-Term Crash Colins forecast is based on the idea that Bitcoin could begin a major upward move by early May, which he called a May blast-off. The yellow M2 projection curve on his chart shows a steep climb ahead starting from May 1, indicating the possibility of Bitcoin rallying toward $128,000 if the correlation remains intact. Related Reading: Bitcoin Price Struggles: Crypto Analyst Bucks Back Against Bearish Sentiment, Top Is Not In However, the analyst did not forgo the short-term risks that Bitcoin and the entire crypto market might face in April. These short-term risks are based on policy concerns regarding the Trump tariffs, which have set the investing markets ablaze in the past few days. The coming weeks will be important for the outcome of this blastoff. Should it hold above the $78,000$80,000 level while maintaining alignment with the Global M2 Money Supply, May could usher in the parabolic move Colin is hinting at. At the time of writing, Bitcoin is trading at $79,255, up by 5.5% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
A Bitcoin price prediction made exactly one month ago by popular crypto analyst Doctor Profit on social media platform X has unfolded with interesting accuracy. On March 21, Doctor Profit outlined a detailed price trajectory for Bitcoin, predicting specific price movements, resistance and support zones, and the influence of the M2 money supply. Fast forward to April 21, Bitcoin’s price movements have closely mirrored the analysts forecast, lending credibility to the remaining parts of his prediction. How Bitcoin Followed Doctor Profits March Forecast Doctor Profits analysis is based on Bitcoins response to changes in the M2 money supply, which he identified as a misunderstood indicator. He argued that although the market experienced an increase in liquidity starting in February, Bitcoin’s significant bullish rally from September 2024 onwards had already factored in this liquidity expansion, contrary to what most investors had expected. Related Reading: Bitcoin Price To Break $125,000 But Sell Everything In October, Analyst Warns Notably, Doctor Profit had previously highlighted a key technical level, the weekly EMA 50, also known as the Golden Line, at approximately $76,000. He expected a bounce from this level, projecting a move to the $87,000 to $88,000 region before another correction. Bitcoin followed this script almost exactly, crashing in the first few days of April before rebounding from around $76,000 on April 9. Now, Bitcoin has rallied back above $87,000, coinciding precisely with Doctor Profit’s prediction. Next Phase: Bitcoin Heading For Support Zone At $70,000 To $74,000 Now that Bitcoin has bounced and is trading above $87,000 again, Doctor Profits immediate next target is a potential crash towards $74,000 to $70,000, which is slightly below the highlighted Golden Line. According to the analyst, the markets behavior at this support zone will be decisive. It is at this zone that the Bitcoin price will reveal its next major directional bias. Related Reading: Bitcoin Enters Oversold Levels, Analyst Warns This Is Bearish, Not Bullish Doctor Profit laid out two clear scenarios based on Bitcoins reaction within the $74,000 to $70,000 price range. If Bitcoin experiences only a temporary wick into this range and manages a strong daily or weekly close back above the Golden Line, this would signal a reversal, and it would be prudent to close short positions and begin accumulating long positions. However, if Bitcoin closes below this crucial area, it could trigger a deeper bearish move, leading its price to significantly lower levels, possibly revisiting the $50,000 region under a worst-case Black Swan scenario. Notably, whichever bearish scenario plays out, it is expected to occur by April and likely into early May. Despite the current short-term bearish outlook, Doctor Profit maintained a bullish long-term view. He confidently predicted that the Bitcoin bull run would resume around May or June, eventually driving the price towards new all-time highs in the range of $120,000 to $140,000. At the time of writing, Bitcoin is trading at $87,526, up by 3.28% in the past 24 hours. The bearish outlook towards $74,000 would only be invalidated if Bitcoin successfully closes a weekly candle above the $100,000 level. Featured image from Adobe Stock, chart from Tradingview.com
The Bitcoin price appears to be moving in lockstep with a bullish prediction made by a crypto analyst earlier this month. According to the analysts forecast, Bitcoin is set to break out to a new all-time high above $120,000 following the announcement of a temporary tariff pause by United States (US) President Donald Trump. $120,000 Bitcoin Price Forecast In Motion Kaduna, a crypto analyst on X (formerly Twitter), has released a follow-up analysis on his previous bullish prediction of Bitcoin, highlighting that it is playing out as expected. On April 11, the analyst predicted that Bitcoin was preparing for a massive push above $120,000. Related Reading: Trumps Tariff Pause Could Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point He outlined a thesis that the 90-day suspension of President Trumps Tariffs would act as a powerful macroeconomic catalyst for Bitcoin. Kaduna argued that the market may start frontrunning about a month early, culminating in a mini bull market during a 55-day exit window between April 3 and June 3 2025. Accompanying this bullish analysis was a detailed chart comparing Bitcoins price movements through candlesticks with a blue overlay, believed to represent a macroeconomic indicator such as global M2. The blue line in the chart projects a steady climb during this window, offering a clear visual target above $120,000. Kaduna had stated that if his prediction played out, he would exit most positions by the end of the window. Just days after his bullish forecast, Bitcoin has begun mirroring the projected path. Kaduna revealed in a follow-up candlestick chart that Bitcoin is breaking above the local resistance at $84,000 with strong volume support, aligning with the predicted overlay. This early strength suggests that the frontrunning behaviour the crypto expert projected earlier is now playing out in real time. The blue line suggests a potential move toward the $120,000 – $125,000 range over the next month and a half, setting a clear upside target if momentum continues. Bitcoins price action is also unfolding right on cue within the 55-day window, validating the analysts bullish thesis. Both the overlay and Bitcoins prices are trending upwards, signaling that the market is indeed reacting to the macroeconomic tariff catalyst. If this trajectory holds, it would mark a significant validation of the analysts macro-technical analysis approach. Update On The Bitcoin Price Action Following its crash below $80,000, the Bitcoin price seems to be on a path to recovery. CoinMarketCaps data reveals that Bitcoin is currently trading at $83,395, marking a significant 7.16% increase over the past week. Related Reading: Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000 The cryptocurrency had broken the resistance level at $84,000 earlier this week. However, it retraced sold gains and is now trading at its present market value. Given its fluctuating price and unstable market, crypto analysts like Tony Severino have revealed that he is neither bullish nor bearish on Bitcoin. Instead, he seems to be taking a wait-and-see approach, closely monitoring how the market responds to ongoing volatility driven by the US Trade war and tariff implementation. Featured image from Adobe Stock, chart from Tradingview.com
Donald Trump’s decision to enact a 90-day pause on his tariffs sent a new wave of buying pressure across the crypto markets, with Bitcoin pushing past the $80,000 price level again. Although the wave of buying pressure is now starting to cool down, the bullish sentiment has already been enacted among some market participants. The question is now on whether this is enough to push Bitcoin back into the $100,000 threshold during this pause period. Tariff Pause Can Push Bitcoin Towards $100,000 The bullish consensus is that Bitcoin might have created a price bottom during its price crash after the tariffs were initially announced. Crypto analyst Kaduna shared a detailed outlook following another tariff announcement, noting that a mini bull market is now in motion. This mini bull market which he noted is in reaction to Bitcoin’s price surge from $75,200 to $83,200 in the hours after Donald Trump announced a pause on the US tariffs against imports into the US from countries except China. Related Reading: Donald Trumps Tariffs, Bitcoin, And The Crypto Market: Everything You Should Know About Why The Market Crashed With this surge in mind, analyst Kaduna noted in a post on social media platform X that this rapid market reaction might result in a front-running behavior that could begin as early as a month before the 90-day window ends. According to his analysis, the bull run being teased with the global M2 liquidity could begin very early, at least a month earlier than thought. This front running, in turn, could push the price of Bitcoin higher during a 55-day exit window for bullish traders. Interestingly, the global M2 liquidity suggests that any next push from here will be a very strong one that will send the Bitcoin price back above $100,000 and even much more above this level. Analyst Reveals Exit Point Kadunas outlook is not only focused on the upside potential but also on timing a strategic exit should the market rally unfold as expected. In his social media post, he revealed that it would be prudent to exit most positions during the next 55-day window between April and June 3, which he believes will capture the peak of this bull phase. After exiting, he would step back from the market and reevaluate conditions later in the summer to scale back in. Related Reading: Bitcoin Price Mirrors Global M2 As Crypto Analyst Reveals May Timeline For Blast Off Interestingly, the global M2 liquidity suggests that the Bitcoin price can rise from its current price level to reach as high as $120,000 within this time period before any major correction. Such a move will send Bitcoin trading at new price peaks, as it would necessitate a break above its current all-time high of $108,786. At the time of writing, Bitcoin is trading at $81,341.
Bitcoin’s price crash from $97,000 in late February surprised most crypto market participants but not this analyst. The crypto analyst known as Doctor Profit, who previously warned of a correction when Bitcoin was approaching $97,000, recently released a new technical outlook that dissuades a bullish trajectory in the short term. In a breakdown shared on the social media platform X, Doctor Profit noted that the breakdown isn’t complete yet. This outlook comes from a former detailed analysis in which the analyst highlighted various Bitcoin price movements to watch out for, all of which have come to pass. Doctor Profit Says Bitcoin Market Dump Is Just Beginning Bitcoin has experienced ups and downs in the past few days with incredibly volatile movements. These ups and downs saw the Bitcoin price fall below $75,000 at the beginning of the week before spending the past four days on a recovery path towards $80,000. Amidst the price volatility, crypto analyst Doctor Profit clarified that he expects the current downward move in Bitcoins price to extend further. Related Reading: Crypto Analyst Warns Of Volume Drop That Could Trigger 60% Bitcoin Price Crash To $49,000 In a recent post on social media platform X, the analyst described the correction as a market massacre that is expected to continue, stating that the party just started. He revealed that he had placed his first buy orders within the $58,000 to $68,000 range, suggesting that the Bitcoin price would keep falling until it reaches this region. Rather than seeing the recent decline as a setback, the price action is a calculated part of the broader strategy which the analyst laid out in an earlier detailed analysis. Doctor Profits analysis is based on the M2 money supply, a macroeconomic metric he believes is widely misunderstood within the crypto space. Many traders have recently cited the uptick in M2 as a bullish signal for Bitcoin, assuming that more liquidity means an immediate surge in prices. However, the analyst stressed that timing is everything. He noted that Bitcoin tends to front-run traditional markets when responding to M2 increases, but even then, the reaction is not instantaneous. What To Expect With BTC He reminds his followers that in July 2024, he predicted a 50bps rate cut, which was considered highly unlikely at the time. Once that cut materialized in September, around the same time Bitcoin was hovering near $50,000, he labeled it extremely bullish and called for a major rally. As it turned out, the M2 money supply began expanding in February 2025, which aligned with his forecast. Yet, he cautions that while M2 is now climbing, its effect on Bitcoin will play out gradually. Related Reading: Bitcoin Price Mirrors Global M2 As Crypto Analyst Reveals May Timeline For Blast Off Looking at Bitcoins price behavior on the charts, Doctor Profit shifted his focus to the $70,000 to $74,000 range. He believes this range could either serve as a springboard for a fresh upward rally if a strong daily close occurs above the Golden Line around the weekly EMA50 or as a signal for a deeper downside if the price breaks beneath it. Should a more dramatic breakdown occur, the analyst advised scaling back and waiting for even lower entries around the $50,000 to $60,000 zone. Doctor Profit predicted that the bull run will not resume until sometime around May or June, with upside targets of $120,000 to $140,000. Bitcoin has managed to push above $81,000 after Donald Trump announced a 90-day pause on his ground-breaking tarriffs. At the time of writing, Bitcoin is trading at $82,000, up by 7% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
A recent analysis comparing Bitcoins price movement and the Global M2 money supply has added another data point to the growing argument for a bullish phase ahead for the cryptocurrency. Colin, a crypto analyst known on social media platform X as The M2 Guy, recently shared an update suggesting that Bitcoin may be on the verge of a significant upward move, and the expected timeline might continue to test the patience of Bitcoin traders. Bitcoins Incoming Rally May Mirror M2s Explosive Growth Colin, a crypto analyst known on X as The M2 Guy, has continued to build his case around the correlation between Bitcoin and macro liquidity trends. His outlook on Bitcoin, which is currently bullish, is based on an offset correlation between the cryptocurrency’s price action on the daily candlestick chart and the global M2 money supply. Related Reading: Bitcoin Vs. Global M2 Money Supply Shows A Big Move Coming, Heres The Target In a previous analysis, the analyst noted that Bitcoin’s price action on the daily candlestick chart has the best correlations on the 70-day and 107-day offsets. The most recent update from the analyst focuses on the 107-day offset, which he termed the most likely scenario. Analysis of Bitcoin’s 107-day offset with the global M2 money supply shows that Bitcoin is about to go on a blast-off spike. However, this isnt just about a one-day spike. Colin projects the rally could last for two months based on the sharp vertical trend of the global M2 supply. As for the timing, the 107-day offset suggests that the blast-off spike is expected to kick off around April 30 based on a mathematically strong correlation. If the M2 line continues its upward surge, the rally could last even longer. Focus On The Macro, Not Just The Day Although April 30 is a focal point in his projection, Colin cautioned followers not to become overly fixated on the exact date. Dont get caught up in the weeds, he advised. The larger narrative is more important, reflected in the soaring global M2 levels, which should create an environment ripe for Bitcoin and other crypto assets to benefit from increased liquidity. Related Reading: Bitcoin Long-Term Holder Net Position Turns Green For The First Time In 2025 In terms of a price target, the current trajectory of the global M2 money supply points to a rally above $140,000. However, interesting predictions have suggested that the Bitcoin price has a chance of doubling before the end of 2025. At the time of writing, Bitcoin is trading at $84,310, having spent the last 24 hours trading in a range between $83,700 and $84,300. Based on this analysis of correlation with the global M2 money, bullish Bitcoin investors might need to wait for at least another month before any significant movement. This delay might pose challenges for short-term traders depending on their positioning and risk tolerance. On the other hand, it gives long-term holders the opportunity to accumulate more bitcoins at the current low price before the predicted rally. Featured image from Unsplash, chart from Tradingview.com
Bitcoins tight correlation with global M2 has returned to the spotlight, suggesting that broader monetary conditions remain a key force behind the cryptocurrencys market trajectory. Recent price action shows Bitcoin converging with M2s downward driftmirroring roughly a 70-day lag. This cyclical movement highlights Bitcoins ongoing responsiveness to fluctuations in liquidity, even as other fundamental factors, like the newly announced US Strategic Bitcoin Reserve (SBR), continue to capture headlines. Global M2 Correlation And Bitcoin Market Inefficiency In his latest research note, analyst Joe Consorti underscores that Bitcoins directional correlation with global M2 has tightened again, indicating that price remains heavily swayed by money supply trends. After a few months of divergencefueled in part by a strong US dollarBitcoin fell to $78,000, coming within $8,000 of M2s projected path. The global M2 index has softened, partly reflecting the dollars robust performance. Despite that drag, Bitcoin appears to be following the general liquidity blueprint it has tracked throughout this cycle, suggesting Bitcoins price still hinges on major macro forces like central bank expansions and contractions. While this relationship isnt a direct cause-and-effect mechanism, it continues to provide a useful macro framework, Consorti writes. He added: The takeaway? Bitcoin remains the ultimate monetary asset in a world where money supply, balance sheet capacity, and credit are perpetually expanding. As global money supply expands, bitcoin tends to follow it, at least directionally. But this cycle is seeing additional variables that make M2 a less reliable standalone indicator, such as the US dollar being historically strong, creating a drag on global M2 denominated in USD, and more accurate measures of money supply and liquidity coming onto the scene. Related Reading: Bitcoin Bottom Confirmed? Data Shows 87.5% Chance The Worst Is Over Although macro conditions are exerting familiar pressure, the markets reaction to the SBR announcement has been perplexing. After the US President Donald Trump formally declared plans to accumulate Bitcoin through a budget-neutral mechanism, the price tumbled 8.5% in just under a week. Consorti described the sell-off as an irrational reaction highlighting major inefficiencies in pricing Bitcoins geopolitical importance. Executive Order 14233 mandates Treasury and Commerce officials to grow Americas BTC holdingscurrently at 198,109 BTCwithout new taxpayer cost or congressional oversight. This is a stark contrast to previous government-level adoptions, such as El Salvadors legal tender move, which coincided with a surge in Bitcoins price. Consorti attributes the disparity to short-term profit taking and a sell-the-news mentality, adding that the magnitude of the selloff indicates a complete failure to price in the long-term implications. Despite the SBR-related dip, Bitcoins technical signals suggest a possible local bottom forming. The cryptocurrency dipped to $77,000 before bouncing back, filling a low-volume gap in the $76,000$86,000 range. Buyers seized on the retracement, creating two hammer candlesticks on the weekly chart. Related Reading: Bitcoin Teeters On The Edge: Will This Pivot Hold Or Collapse? Hammer candlesticks typically point to a reversal, especially when they appear at cycle-defining support levels. According to Consorti, Historical precedent suggests that Bitcoin forms these patterns at cycle turning points The last time we saw this exact price structure was during the tail end of Bitcoins summer 2024 consolidation, two months before it surged from $57,000 to $108,000. A notable trend amid these price fluctuations is Bitcoins rising dominance, even during periods of market contraction. ETH/BTC recently sank to 0.0227its lowest since May 2020indicating intensifying skepticism toward altcoins. Meanwhile, institutional demand for Ethereum has likewise slumped, as evidenced by a 56.8% drop in the asset under management (AUM) ratio for Ethereum vs. Bitcoin. This cycle belongs to Bitcoin, and all future cycles will only further cement this reality, Consorti asserts. He suggests altcoins are fighting an uphill battle as Bitcoin-centric narratives gain global traction. At press time, BTC traded at $82,875. Featured image created with DALL.E, chart from TradingView.com
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