Crypto World
BloFin Research: Gold’s Three-Phase Demand Expansion
Gold’s current rally is rooted in a sequential expansion of structurally distinct buyer classes, sovereign, institutional, and crypto-native, each adding demand without displacing prior layers, in contrast to prior gold cycles where price strength depended on a single dominant category of buyer.
- Central banks purchased above 1,000 tonnes annually for three consecutive years (2022–2024), establishing a sovereign demand floor that preceded the return of Western investment flows.
- ETF and private capital re-entered in 2025, adding 801 tonnes, but Western portfolios remain under-allocated at 0.17% of U.S. private financial assets versus a historical norm closer to 1–2%, leaving significant room for expansion without requiring new buyer categories.
- Crypto-native demand is forming a structurally independent third layer through tokenized gold (35–40t, $6B+), stablecoin reserves (Tether $20B), and yield-bearing structures, introducing gold as productive collateral rather than passive reserve in digital financial systems.
Common characterisations of gold as a macro hedge describe what gold does in portfolios; they do not identify who has been buying, in what size, or why that buying has persisted across three years of rising prices.
The defining feature of this gold cycle is the sequencing of buyers. Three overlapping demand phases have developed independently.
Phase 1: The Sovereign Floor (2022–2024)
Central banks established the foundation of this cycle before ETF flows or retail participation returned in any meaningful size. Annual net purchases exceeded 1,000 tonnes for three consecutive years between 2022 and 2024, the prior single-year record was around 610 tonnes in 2013. The scale and persistence of this accumulation was without modern precedent.
The structural characteristics of central-bank demand explain why this created a durable floor rather than a temporary spike. Reserve allocation is strategic: purchases are driven by portfolio rebalancing and de-dollarisation objectives, not price momentum. This buying is broadly insensitive to short-term price levels, demand persisted as gold moved higher.
In 2025, purchases moderated to 863 tonnes (by World Gold Council), below the prior three-year pace but still above the historical average. Poland led disclosed buying; a significant share of accumulation remained unreported across multiple jurisdictions. The sovereign floor explains the otherwise anomalous divergence between rising prices and flat or declining ETF holdings through 2022–2024: the marginal buyer was sovereign, not market-driven capital.
Phase 2: Western capital has returned but remains structurally under-allocated (2025–)
The second phase began in 2025 with the re-engagement of institutional and retail flows. ETF holdings increased by approximately 801 tonnes globally (World Gold Council); total gold demand exceeded 5,000 tonnes for the year. Bar and coin demand reached multi-year highs across multiple regions. The rally transitioned from narrow to broad-based, sovereign accumulation continued while private capital added an incremental and cyclically sensitive layer.
Global Gold ETFs have been in outflow for the period 2022-2024
Source: https://www.gold.org/goldhub/data/gold-etfs-holdings-and-flows
Gold ETFs constitute approximately 0.17% of U.S. private financial assets, a low allocation that persists despite rising gold prices. Historical norms for gold within diversified institutional portfolios typically range from 1–2% of assets under management. A reversion toward the lower end of that range, without any change in central-bank demand, implies several hundred additional tonnes of ETF inflows per year. Phase 2 has room to expand from within its existing buyer set.
Phase 3: Crypto-native demand is integrating gold as productive collateral
A third demand layer has emerged within crypto-native financial infrastructure. In absolute terms it remains small relative to Phase 1 and Phase 2. In structural terms it introduces mechanisms that did not exist in prior gold cycles, and its price sensitivity profile differs from both central banks and ETF investors.
Tether’s USDT Reserve Assets
Stablecoin reserve accumulation represents the largest near-term buyer within this channel. Tether’s USDT is backed by a diversified reserve pool of approximately $190B, the majority held in US Treasuries and money market instruments (74%), but with a structurally significant allocation to gold (10%) and Bitcoin (3.5%). This reserve composition is a deliberate policy choice. It places Tether outside the framework of US stablecoin legislation: the GENIUS Act, which passed the US Senate in May 2026, requires compliant issuers to back stablecoins exclusively with USD cash, short-dated Treasuries, or Fed reserves, explicitly excluding gold, Bitcoin, and non-USD assets. Tether, incorporated offshore and not subject to US jurisdiction, operates under no such constraint.
Tether USDT’s Reserve
The distinction matters structurally. Compliant US stablecoins will direct reserve growth entirely into short-duration dollar instruments. Tether’s reserve growth, driven by its own liability expansion, feeds directly into physical gold markets. Reported 2025 purchases placed Tether among the top institutional gold buyers globally, exceeded by only a small number of central banks including Poland. This demand is balance-sheet driven: it responds to USDT circulation growth, not to macro rates or portfolio rebalancing cycles.
Tokenized Gold
Tokenized gold, digital tokens backed 1:1 by physically allocated gold held in audited vaults, has grown from a niche instrument to a $6B+ market with approximately 35–40 tonnes outstanding as of early 2026. The two dominant products, Paxos Gold (PAXG) and Tether Gold (XAUT), account for the majority of supply, though a broader set of issuers has emerged on Ethereum and other settlement layers.
While the total size remains small at less than 40 tonnes, the growth rate cannot be neglected. In the past half year, the total supply of tokenized gold has doubled in quantity.
The structural significance of tokenized gold is not its current scale but its functional role: it converts a traditionally settlement-inefficient asset into programmable collateral that can be posted in DeFi lending protocols, used as margin in on-chain derivatives, and transferred across borders without the custody friction of physical gold.
Yield-bearing Tokenized Gold Product
Yield-bearing gold structures address gold’s traditional limitation as a non-yielding asset. Products such as thUSD/thGOLD allocate capital into tokenized gold, hedge price exposure via short futures, and generate yield from two sources: the futures roll in contango (where futures prices exceed spot, producing a positive roll return as contracts converge toward expiry) and lending of tokenized gold positions. This model converts gold from a passive store of value into productive collateral, capturing value from the depth of existing gold derivatives markets and redistributing it to holders.
However, these strategies are novel and carry risks that distinguish them from traditional gold exposure. The frequency of DeFi exploits in 2025–2026 has kept adoption cautious, and these risk factors constrain the pace at which yield-bearing gold products scale beyond crypto-native participants.
What the three-phase demand base implies for gold allocation
The forward implication of this sequencing is directional rather than precise. Each layer has a different growth ceiling and a different sensitivity to macro conditions.
Demand layer profile: scale vs. price sensitivity vs. growth trajectory
Central-bank demand is likely to moderate from its 2022–2024 pace at sustained elevated prices, the marginal cost of reserve diversification rises as gold’s share of total reserves increases. ETF and private demand has the largest near-term expansion potential given the under-allocation gap: if Western institutional allocations moved from 0.17% toward a conservative 0.5% of U.S. private financial assets, the implied incremental demand is in the range of 1,500–2,000 tonnes. Crypto-native demand is the smallest in absolute terms but carries the highest growth rate from a low base; its ceiling is less defined because the use cases, collateral, yield generation, reserve backing, are structurally new.
Disclaimer: The information provided herein does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and should not be treated as such. All content set out below is for informational purposes only.
The post BloFin Research: Gold’s Three-Phase Demand Expansion appeared first on BeInCrypto.
An exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington.
Jonathan Ernst | Reuters
Prediction markets traders are confident the Securities and Exchange Commission will change its rules governing how often companies must report financial statements to shareholders, to semiannually from quarterly, following a formal proposal by regulators on Tuesday.
Opinion is more divided, however, as to when it will happen.
After the proposal was disclosed Tuesday, odds on the Kalshi prediction market that regulations will be eased by April 2027 surged to 73% from 46%.
Chances of faster approval, by next Jan. 1, initially jumped to 67%, fell to about 50-50 and recently stood at about 57% odds.
Approval by January 2027 would mark an unusually quick turnaround in the SEC’s rulemaking process.
Before final commission debate, the proposal is subject to a 60-day public comment period. After that, commissioners may alter the proposal’s structure based on public feedback, but the comment period only starts once the proposed rule is posted to the Federal Register.
A 2023 analysis by law firm Wilson Sonsini showed that the Register can take between a few days and up to a month to post the proposed rule, with longer timelines usually coming when a proposal is over 100 pages. The proposed SEC rule on semiannual reporting comes to 279 pages.
According to the SEC’s index of rulemaking activity, the recent timeline between proposed rules and their final adoption is typically at least a year, and in some cases, years.
On Polymarket, traders are giving a 51% chance that the SEC ends mandatory quarterly reporting in 2026.
In other words, traders are making a big bet that the commission will work faster than its history suggests in changing the requirements for financial reporting by companies.
Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
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Standard Chartered has been recognised with two major awards by The Banker, highlighting the growing importance of Islamic finance across global banking markets.
The international banking group was named “Islamic Bank of the Year” and also received the “Most Innovative Sukuk” award for its role in ADNOC’s debut international sukuk issuance.
The recognition reflects increasing momentum in the Islamic finance sector, which continues expanding across the Middle East, Asia, and Africa as demand grows for Shariah-compliant banking, investment, and capital market solutions.
According to industry projections referenced by the bank, global Islamic finance assets are expected to reach approximately $7.5 trillion by 2028, representing one of the fastest-growing segments in international finance.
Khurram Hilal, CEO of Islamic Banking at Standard Chartered, said the sector is evolving beyond domestic markets as affluent investors and institutions increasingly seek cross-border Islamic finance opportunities.
The bank stated that its Islamic finance platform supports a wide range of clients, including affluent individuals, corporations, and institutional investors, with services spanning wealth management, financing, liquidity solutions, and sukuk structuring.
Sukuk markets in particular have seen increasing institutional demand in recent years as governments, sovereign wealth funds, and major corporations across the Gulf region continue diversifying funding sources and attracting international investors.
The awards also underline the UAE’s broader ambition to strengthen its position as a leading global hub for Islamic finance and Shariah-compliant capital markets.
Narrow Legislative Window Raises Pressure
Ripple CEO Brad Garlinghouse said CLARITY Act urgency has increased as Congress faces a tight timeline. He pointed to a short window in the Senate that could decide the bill’s progress.
He stated that lawmakers must act within two weeks or risk delay. Election cycles often slow legislative work. As a result, CLARITY Act urgency now defines the current policy environment for digital assets.
Garlinghouse noted that the recent Senate movement offers some progress. However, he stressed that momentum may not hold. Political priorities could shift quickly and push the bill aside.
Regulatory Clarity Remains Central Issue
The proposed law aims to define how regulators oversee digital assets. Industry participants have long requested such clarity after years of mixed enforcement actions.
Garlinghouse highlighted that CLARITY Act urgency reflects broader industry concerns. Companies operating in the United States still face unclear regulatory boundaries. This uncertainty affects compliance planning and investment decisions.
Ripple and similar firms continue to allocate resources toward legal strategy. Without clear rules, firms must adjust to evolving interpretations from multiple agencies. CLARITY Act urgency underscores the need for consistent guidelines.
Market Attention and Potential Impact
Market participants have started to monitor the bill closely. Some analysts link future price movements of major tokens to regulatory developments tied to the legislation.
In that context, CLARITY Act urgency has entered broader market discussions. Investors view potential passage as a factor that could support institutional adoption. However, these expectations remain conditional.
Garlinghouse also warned that delays could extend uncertainty. If the bill stalls, companies may continue to face fragmented oversight. This situation could maintain volatility tied to regulatory headlines.
The current outlook remains uncertain. CLARITY Act urgency highlights both opportunity and risk. While progress exists, the timeline leaves limited room for delay.
Ripple ($XRP) CEO Brad Garlinghouse just issued a stark warning on the CLARITY Act: if the Senate Banking Committee markup slips in the next two weeks, the bill’s chances fall ‘precipitously.’ pic.twitter.com/0WA1tTBgsG
— Wizzy (@WizzyOnChain) May 6, 2026
BTC hit an intraday high of $82,800, even as Strategy’s chairman opened the door to selling Bitcoin to fund preferred dividends.
Bitcoin Cash (BCH) continued its strong recovery on Wednesday, climbing above $489 and extending weekly gains beyond 8% as bullish positioning across the derivatives market reinforced the ongoing rally.
The broader crypto market backdrop remains supportive, with Bitcoin (BTC) holding near the $82,000 level, while technical indicators suggest BCH could be preparing for a breakout above the psychological $500 barrier.
Bullish derivatives activity strengthens BCH outlook
According to CoinGlass data, Bitcoin Cash futures Open Interest (OI) jumped to $683.83 million on Wednesday from roughly $642 million recorded on Sunday.
The increase in Open Interest signals fresh capital entering the market, typically reflecting growing trader participation and stronger buying activity that could further support BCH’s upward momentum.
Additional derivatives data also point to strengthening bullish sentiment. CoinGlass shows BCH’s long-to-short ratio rising to 1.25 on Wednesday, marking its highest level in more than a month. A ratio above one indicates that a larger share of traders are positioning for additional upside.
Meanwhile, CryptoQuant data presents a largely constructive outlook for Bitcoin Cash despite some mixed signals. The platform’s summary metrics highlight increased whale activity across spot and futures markets alongside cooling market conditions, both of which historically support upside continuation.
However, persistent sell-side dominance in the spot market could limit the pace of the rally and create short-term volatility near key resistance levels.
Technical outlook: BCH bulls target rally above $500
Bitcoin Cash trades near $489.60 after breaking above several important technical levels. The token now holds comfortably above the 50-day Exponential Moving Average (EMA) at $457.91 and the 100-day EMA at $478.47, reinforcing the bullish structure following the breakout above a former descending trendline near $449.56.
Momentum indicators continue to favor buyers. The Relative Strength Index (RSI) on the 4-hour chart has climbed toward 70, approaching overbought territory but still signaling strong bullish momentum.
At the same time, the Moving Average Convergence Divergence (MACD) remains firmly in positive territory and continues to expand, suggesting buying pressure remains dominant.
On the upside, immediate resistance is located near the 200-day EMA at $497.05. A decisive daily close above that level could open the door for a push toward the 38.2% Fibonacci retracement level at $515.06.
Beyond that, bulls may target the 50% retracement near $544.56, followed by the 61.8% Fibonacci level around $574.07 if momentum accelerates.
On the downside, immediate support sits near the confluence zone between $478.47 and $478.55, where the 100-day EMA aligns with the 23.6% Fibonacci retracement level.
Additional support is found at the 50-day EMA near $457.91, while the former breakout trendline around $449.56 could attract renewed dip-buying interest during deeper pullbacks.
Ethereum accumulation addresses witnessed a surge in daily inflows on Wednesday, suggesting growing confidence in Ether’s (ETH) long-term price trajectory following its latest rise to $2,400.
Key takeaways:
- Accumulation addresses absorbed about $592 million in ETH on Wednesday, signalling aggressive long-term buying.
- Ether’s ascending triangle projects an ETH price rally to $3,315.
Ethereum accumulators add $592 million in ETH
Ether’s investor confidence has returned following its 39% recovery from a multi-year low below $1,750.
Data from CryptoQuant showed daily inflows into accumulation addresses have increased steadily since mid-2025, reaching an all-time high of 1.14 million ETH in November 2025. The inflows have continued to climb in 2026, averaging 200,000 ETH per day.
These addresses received 246,620 ETH on Tuesday, worth approximately $592 million at current rates.
ETH inflows into accumulation addresses. Source: CryptoQuant
Accumulation addresses are wallets that continuously receive ETH without making any outgoing transactions. They may belong to long-term holders, institutional investors, or entities strategically accumulating Ethereum rather than actively trading it.
As a result, the total ETH held by these long-term holders reached a record 25 million ETH, marking a 20.36% jump so far in 2026.
Large spikes in inflows to these addresses often signal strong confidence in Ether’s long-term potential, with past trends showing that such surges frequently precede price rallies.
For example, on June 22, 2025, Ethereum accumulation addresses recorded a daily inflow of over 380,000 ETH. Nearly 30 days later, ETH’s price rose by almost 85%. A similar price rally followed November 2025’s inflow spike into the accumulation addresses.
Whale wallets are also showing bullish signals. The chart below shows that whale wallets with a balance of 10,000-100,000 ETH have seen their holdings rise to an all-time high of over 19.5 million tokens, after rapid accumulation over the last 30 days.
Wallets with over 100,000 ETH have also increased their holdings to 4.7 million ETH, a 30% increase in 2026.
Ethereum: Balance by holder value
As Cointelegraph reported, Ether’s spot taker cumulative volume delta, which has been increasing since early April, also suggested growing confidence among buyers.
How high can the ETH price go?
Ether’s liquidation heatmap shows the price eating away liquidity around $2,400, with large bid orders still sitting at $3,000, and between $3,350 and 3,500.
“If $ETH breaks through $2,500, a steady rise to $3,000 will follow,” crypto analyst CW8900 said in a Wednesday post on X, adding:
“There is almost no resistance for short positions.”
ETH liquidation heatmap. Source: CoinGlass
From a technical perspective, the ETH/USD pair is seeking to break above the horizontal trend line of an ascending triangle at $2,400.
A daily candlestick close above the 200-day exponential moving average at $2,700 will confirm the continuation of the uptrend toward the measured target of the triangle at $3,315. Such a move would bring the total gains to 40%.
ETH/USD daily chart. Source: Cointelegraph/TradingView
Technical analyst XForceGlobal shared a chart suggesting that Ether’s macro bottom could be in, with an Elliott Wave analysis projecting a rally to $3,500 once resistance at $2,600-$2,700 is broken.
ETH/USD daily chart. Source: XForceGlobal
As Cointelegraph reported, a close above the $2,600-$2,700 region would confirm a trend change, paving the way for the ETH/USD pair to rally toward $3,000.
Crypto World
Bermuda pushes stablecoin payments with USDC airdrop as it courts crypto firms, regulators
Bermuda is aiming to show an example how to move crypto into everyday commerce without breaking the financial system, Premier David Burt said onstage at Consensus Miami 2026 on Wednesday.
Burt said the tiny island on the Atlantic is expanding its “onchain economy” initiative, a push to get stablecoins into the hands of residents, merchants and local businesses. The project was first announced in January at the World Economic Forum, with stablecoin issuer Circle (CRCL) and exchange Coinbase (COIN).
The government plans another airdrop of USDC stablecoin this year, tied to next week’s Bermuda Digital Finance Forum 2026, while also onboarding merchants that can accept digital payments. Participants will receive stablecoins through wallets and can spend them with local vendors, Burt said.
“If you are a vendor and you’re accepting digital assets, but you do not have a way to use and spend those digital assets inside your economy, that presents a problem,” Burt said.
The broader goal for Bermuda is to build payment infrastructure outside traditional card networks and banking rails, he said, arguing that small businesses face high transaction fees and limited access to financial apps common in larger markets.
Coinbase Chief Legal Officer Paul Grewal, who joined Burt on stage, said Bermuda’s approach stands out because regulators and private firms are building in tandem instead of working separately.
“What’s most interesting about the Bermuda example is it is a parallel process,” Grewal said. “Government services can be accessed using payment stablecoins, while merchants and businesses are brought into the system at the same time.”
Bermuda, Burt said, has spent years building a digital asset framework through its Digital Asset Business Act. He described the island’s regulatory style as iterative and industry-facing, with the Bermuda Monetary Authority working directly with firms on issues such as staking, lending and DeFi supervision.
“You cannot regulate out failure,” Burt said. “But you can put in place the items which allow responsible innovation to happen.”
Grewal also contrasted Bermuda’s approach with the regulatory climate crypto firms faced in the U.S. over the past several years under former Securities and Exchange Commission (SEC) Chair Gary Gensler. That has changed for the better under the Trump administration, he argued.
“It is a new day here in the United States,” Grewal said, pointing to what he described as a more constructive tone from agencies under SEC Chair Paul Atkins and Commodity Futures Trading Commission (CFTC) Chair Michael Selig.
“We still have challenges, to be clear, but it’s a very different dynamic,” he said.
The US stock market pushed to a fresh record high on Wednesday as easing US-Iran tensions pulled oil prices lower and AMD’s blowout AI chip earnings reignited the semiconductor rally.
The S&P 500 climbed 1.14%, the Nasdaq Composite jumped 1.51%, and the Dow Jones Industrial Average added 1.10%. A solid ADP private payrolls print reinforced the soft-landing narrative, with broad participation supporting the gains.
1. Iran Deal Proximity Pulled Oil Lower
The White House is reportedly nearing a one-page memorandum of understanding with Iran that would halt fighting and open nuclear talks, with Iran expected to respond within 48 hours.
The proposed terms include Iran pausing uranium enrichment, accepting UN inspections, and curbing underground sites in exchange for the US easing sanctions and releasing frozen assets.
Both sides would loosen Strait of Hormuz restrictions, opening a 30-day negotiation window. Trump has paused escalation, including plans for naval escorts through the Strait.
The deal proximity compressed crude oil prices, with Brent easing as traders priced in supply normalization. The move lifted risk assets broadly while pressuring energy names.
Lower oil prices also reduce inflationary pressure on consumer spending, which supported the broader equity bid.
2. AMD AI Chip Earnings Triggered a Semiconductor Rally
Advanced Micro Devices (AMD) jumped 16.29% to a record high after beating Q1 estimates and raising guidance. The chipmaker reported adjusted EPS of $1.37 on $10.25 billion in revenue, with revenue growing 38% year over year on strong data-center AI demand.
Management raised its Q2 outlook, signaling confidence that the AI buildout has further to run.
The print validated the thesis that AI chip spending is broadening beyond Nvidia, lifting semiconductor peers across the board. Super Micro Computer (SMCI) jumped 15.25%, Nvidia (NVDA) rose 4.31%, Lam Research (LRCX) gained 7.17%, Micron Technology (MU) added 2.77%, and Intel (INTC) climbed 2.40%.
That cluster alone drove most of the S&P 500’s advance.
3. ADP Jobs Report Reinforces Soft-Landing Narrative
The April ADP private payrolls report showed 109,000 jobs added, beating the consensus expectation of 84,000. The print supports the soft-landing thesis at a time when Fed officials are weighing the inflation impact of recent oil price volatility.
A stronger-than-expected jobs number combined with cooling oil prices gives the Fed cover to maintain its measured policy stance, which markets read as constructive for growth and risk assets.
What Happened to Major US Indexes?
- S&P 500: +1.14% to 7,341.93 (fresh all-time high)
- Nasdaq Composite: +1.51% to 25,707.5
- Dow Jones Industrial Average: +1.10% to 49,839.3
Market breadth confirmed the move with advancers at 60.3% against decliners at 36.3%. New highs ran at 75.9% versus new lows at 24.1%, and the bull-bear ratio sat at 53% bull against 47% bear. The breadth profile is more constructive than recent sessions and signals broader participation in the AI-led rally.
On the S&P 500 daily chart, the index has rallied steadily since bottoming on March 31, with the move continuing through May 1 before a mild consolidation that resolved higher on the Iran deal hopes. The volume profile through the rally has remained steady, with healthy bar action suggesting proper buying pressure rather than a thin breakout.
The next resistance is 7,399 (0.236 Fibonacci). A daily close above opens the path to 7,540 (0.382 Fibonacci) and 7,654 (0.5 Fibonacci). The 0.618 Fibonacci at 7,767 represents roughly 5% upside potential.
On the downside, weakness emerges below 7,172, with 7,001 as the key psychological floor. A break below 7,001 would weaken the current breakout structure.
Which Sectors Are Holding Up?
Basic Materials led the tape at +3.68%, followed by Technology (+2.08%), Industrials (+1.93%), and Communication Services (+1.63%). Tech leadership reflected the AMD-driven AI chip rally, with semiconductor names absorbing the bulk of inflows.
Industrials gained on aerospace strength, with GE rising 6.04% as ceasefire-related volatility settled. Real Estate (+1.53%) and Consumer Cyclical (+1.41%) advanced as lower oil eased consumer cost pressure and improved discretionary spending visibility.
Which Sectors Are Falling?
Energy fell sharply at -3.74% as Brent crude eased on the Iran deal proximity.
Exxon Mobil (XOM) dropped 4.72% and Chevron (CVX) fell 4.58%, with the energy decline directly tied to the supply normalization narrative driving oil lower.
Utilities (-0.73%) underperformed as defensive positioning rotated out in favor of growth and AI-driven tech leadership.
What Are Investors Watching Next?
The 48-hour Iran response window is the immediate catalyst. A signed MOU would compress crude further and likely extend AI-led tech leadership. A stalled or rejected response would re-introduce premium into oil and pressure broader risk.
On the technical side, the S&P 500’s path through 7,399 will tell investors whether the AI-driven breakout has the volume to extend toward 7,654 and beyond.
The post Why Is The US Stock Market Up Today? appeared first on BeInCrypto.
XRP is trading at $1.45 as the new week opens. It is quietly staging one of the more interesting recoveries it has managed since the cycle peak.
While Bitcoin’s recent push has provided a rising macro tide, XRP is pressing against the convergence of the 100-day MA and the descending channel’s upper boundary simultaneously, with an RSI that is building genuine momentum for the first time in weeks. How the asset handles the next 48 hours may be the most technically significant test the pair has faced this entire corrective phase.
Ripple Price Analysis: The USDT Pair
For the first time since the failed mid-April breakout attempt, XRP is testing the descending channel’s upper boundary with an RSI that has climbed to the 60–65 range and is still far from overbought. The price is now sitting directly at the 100-day MA at approximately $1.40, which converges with the channel’s upper rail at the $1.45 level. This area is the most technically loaded resistance zone on the chart.
A sustained daily close above $1.50 would represent both a channel breakout and a moving average recapture simultaneously, which is the kind of dual confirmation that prior attempts lacked. From there, the first meaningful target is the $1.80 supply zone where the 200-day MA is also located. On the downside, the $1.20 February demand zone remains the critical support level that the market should hold at all costs to avoid a continuation of the bearish trend.
The BTC Pair
Against Bitcoin, the picture remains structurally bearish, but the RSI has dropped and rebounded from approximately 25 while also demonstrating a clear bullish divergence, marked by the red line on the chart. The pair is trading at around 1,760 sats, below the 1,800 sat broken support level but within the gravitational pull of this zone. The lower channel boundary declining toward 1,600 sats below is the nearby support element if the market drops lower.
Oversold RSI readings and bullish divergence at this extreme do not automatically guarantee a structural reversal, but they have historically preceded, at a minimum, a relief bounce. On the upside, the 100-day MA at ~2000 sats and the 200-day MA at ~2,100 sats remain the structural ceilings that define any genuine recovery above 1,800 sats. For now, the BTC ratio tells the same story it has for months: XRP continues to underperform Bitcoin, and the only development worth noting is that selling may be approaching a short-term exhaustion point.
The post Ripple Price Analysis: Next 48 Hours Will Be Crucial for XRP’s Future appeared first on CryptoPotato.
Although not posting as substantial gains as some other altcoins, Ethereum (ETH) has also headed north amid the overall market revival.
In the meantime, many analysts believe that the asset could be gearing up for a big move, while certain indicators support the bullish scenario.
What’s Next After the Golden Cross?
ETH finally reclaimed $2,400 earlier today after failing to do so over the past few weeks, but continues to dabble with it now. The most obvious catalyst for its price ascent seems to be the broader market rebound, fueled by fresh developments in the Middle East and other factors.
Earlier today (May 6), numerous reports indicated that the US and Iran are close to reaching a peace deal and eventually reopening the Strait of Hormuz. Besides pushing the crypto market up, the news was followed logically by a plunge in oil prices.
According to the popular analyst Ali Martinez, ETH’s uptrend may continue in the near future. He spotted the formation of a so-called golden cross on the asset’s chart, a pattern that appeared in the final days of April. This setup is considered bullish and happens when the 50-day moving average crosses above the 200-day moving average. Martinez believes it could open the door to a rally to as high as $2,680, or a 12% increase from current levels.
The X user Max Crypto also pointed to $2,680, but for a completely different reason. They noted that ETH has an unfilled CME gap at that zone – a price discrepancy created when CME futures close for the weekend and reopen at a different level. Markets tend to fill these voids over time, which is why traders pay close attention to them.
For his part, Ted predicted that a breakout above $2,400 could push the valuation of the second-biggest cryptocurrency towards $2,500-$2,600.
Is ETH Not Done Yet?
The institutional interest in the asset has increased lately, signaling that Ethereum’s price may continue its upswing. SoSoValue’s data displays that inflows into spot ETH ETFs have surpassed outflows during the first days of May, suggesting that pension funds, hedge funds, and other investors have boosted their exposure to the asset. This development is seen as bullish because the companies issuing these products must buy real ETH to back the shares they sell to customers.
Moreover, Ethereum’s exchange reserves fell to a fresh ten-year low of around 14.3 million coins. This means investors continue to abandon centralized platforms and move to self-custody, thereby reducing immediate selling pressure.
The post Analyst Spots an Ethereum (ETH) Golden Cross: Is a Big Rally on the Way? appeared first on CryptoPotato.
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