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XRP Price Prediction: Chilling XRP Video Reminding Us What’s Coming

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XRP is rallying steadily with 1.7% gain, and every holder still has the same bullish price prediction. A viral clip shared by crypto commentator John Squire on X is reigniting long-dormant conviction among holders. What he described as “game over” for latecomers may still be early innings.

Squire posted the video with a blunt caption: “If this f***ing XRP video doesn’t give you chills, you have no idea what’s coming.” He argued that once institutional utility demand fully activates XRP’s role in global payments, supply will tighten sharply, not through speculation, but through structural scarcity.

Fewer holders are willing to sell. Fewer coins available at any price. The clip frames XRP as the backbone of the “internet of value,” with money moving across networks as freely as data does.

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Ripple’s ecosystem is generating real catalysts to back that narrative. Ripple announced a four-phase quantum-resistance roadmap on April 20, targeting XRP Ledger upgrades by 2028 as the first major crypto asset to formally address institutional quantum threats.

Weekly fund inflows hit $119.6 million, and seven spot XRP ETFs await final SEC review ahead of Q2 2026 decisions. Will the price follows the narrative?

Discover: The best pre-launch token sales

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XRP Price Prediction: $1.50 Needed

XRP’s current setup is a study in compressed tension. The asset has been consolidating in a $1.30–$1.45 range for too long, having pulled back sharply from a $3.65 peak last July. But the 24-hour trading volume of $2.6 billion reflects its demand.

XRP is rallying steadily with 1.7% gain, and every holder still has the same bullish price prediction. But this video is chilling.
XRP USD, TradingView

For now, key support sits at $1.39–$1.41, with a deeper floor at $1.32–$1.35 if that breaks. Resistance clusters at $1.50 since forever.

“Rising volume during this pullback suggests dip buyers are active, not scared,” according to CaptainAltcoin’s April 20 analysis.

If the $1.39 support holds, with FOMC delivering dovish signals on April 28, and ETFs get the approvals, they will catalyze a breakout toward $1.50–$1.53 easy. But a break below $1.39 opens the path to $1.32. Broader market weakness, especially if FOMC disappoints, invalidates near-term bullish setups. Not just XRP, but most major coins.

Longer-term analyst targets remain significantly higher, but the short-term path runs through $1.50 resistance first.

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Discover: The best crypto to diversify your portfolio with

Maxi Doge With Bigger Upside Potential as XRP Fights Resistance

XRP at $1.45 is a compelling hold, but with a $89 billion market cap and resistance capping near-term upside at $1.50, the asymmetric return window has narrowed considerably from where it stood at under a dollar.

That’s the trade-off with established assets: conviction is easy, multiples are hard. Early-cycle positioning in lower-cap assets is where outsized gains typically originate, which is what makes presale timing relevant to this conversation.

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Maxi Doge ($MAXI) is positioning itself as the meme token built for the current market cycle’s trading culture with a 240-lb canine juggernaut embodying the 1000x leverage mindset.

The project runs on Ethereum with the chain currently experiencing a meme frenzy. Right now, Maxi is priced at $0.0002814, with $4.7 million raised in presale. Features include holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury for liquidity and partnerships, and a huge 60% APY staking.

The presale has drawn notable attention as it approaches key fundraising milestones.

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Check out the Maxi Doge Presale here.

The post XRP Price Prediction: Chilling XRP Video Reminding Us What’s Coming appeared first on Cryptonews.

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Eric Trump Sparks 5% Meme Coin Surge With Fresh Justin Sun Attack

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Justin Sun with Comedian Artwork. Source: X (formerly Twitter).

Tron founder Justin Sun filed a 52-page fraud lawsuit against World Liberty Financial (WLFI) this week. Eric Trump quickly fired back.

The complaint lists seven causes of action, including fraud in the inducement, conversion, and unjust enrichment. Sun invested $45 million in the Trump family-backed project.

Trump and Witkoff Reject Sun’s Claims

Eric Trump took aim at Sun’s infamous $6.2 million banana artwork purchase, calling it more ridiculous than the lawsuit itself.

“The only thing more ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall. We are incredibly proud of the @worldlibertyfi team…,” President Donald Trump’s son commented.

Justin Sun purchased the viral art piece Comedian, a banana duct-taped to a wall, for $6.2 million at Sotheby’s in November 2024.

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Justin Sun with Comedian Artwork. Source: X (formerly Twitter).
Justin Sun with Comedian Artwork. Source: X (formerly Twitter).

Zach Witkoff, WLFI co-founder, called the lawsuit a “desperate attempt to deflect attention from Sun’s own misconduct.” He said the project expects the case to be thrown out promptly.

WLFI allegedly froze 595 million of Sun’s unlocked tokens in September 2025. A smart contract update had introduced a blacklist function.

His frozen position reportedly lost more than half its value as the token declined.

Banana Gun (BANANA) Price Performance
Banana Gun (BANANA) Price Performance. Source: BeInCrypto

Banana Gun (BANANA) price is up by almost 6% on the news, to trade for $4.01 as of this writing.

Critics Draw Parallels to Past Failures

Bitcoin advocate Simon Dixon compared WLFI to collapsed platforms like Celsius Network and FTX. He alleged the project uses its illiquid token to mint its own stablecoin. Dixon claimed insiders then earn yield from US Treasury debt.

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“So World Liberty Financial allegedly uses its illiquid token WLFI (like CEL did with Celsius and FTT did with FTX) to mint its own stablecoin, allowing it to buy U.S. Treasuries and earn millions in yield from U.S. government debt, while the co-founder’s father (Witkoff) negotiates a nuclear deal in the war that his co-founder’s father (President Trump) started after tearing up the last Iran deal. The Trump and Witkoff families are using a token to earn yield on the debt the U.S. government is incurring from the Iran war. Let that sink in. Follow the money,” wrote Dixon.

A viral thread from self-described Web3 ambassador Peter Girnuz detailed alleged insider allocations and governance manipulation. Witkoff denied any association with Girnuz.

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WLFI Price Performance.
WLFI Price Performance. Source: BeInCrypto

WLFI trades near $0.079 at the time of writing, down roughly 74% from earlier highs and almost 1% in the last 24 hours.

The post Eric Trump Sparks 5% Meme Coin Surge With Fresh Justin Sun Attack appeared first on BeInCrypto.

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BTC, ETH, XRP and More

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Crypto Breaking News

Bitcoin extended its rebound, clearing the $79,000 area and signaling renewed bullish momentum. A breakout above the nearby $78,333 resistance increases the likelihood of a move toward $84,000 if buyers sustain the gain, according to market observations surrounding the latest price action. Decode noted on X that BTC appeared ready for a short squeeze as bulls pressed higher, adding to the sense of a hopeful recovery for the broader market.

On-chain signals offered cautious optimism. CryptoQuant analyst CW8900 highlighted that Bitcoin’s adjusted Net Unrealized Profit/Loss (NUPL) has turned positive, a sign that the market could be transitioning from distribution to accumulation. In parallel, the Bitcoin Bull Score Index (BSI) has returned to neutral territory for the first time since the bear market began, a development some analysts caution may still precede further volatility rather than guaranteeing an immediate upturn.

Key takeaways

  • Bitcoin clears a key ceiling: BTC trading above $78,333 opens the door to a potential move toward $84,000, with a sustained push above the $79,000 mark reinforcing the bullish setup; a fall below the 20-day exponential moving average (~$73,758) would complicate the setup and could put $70,934 (the 50-day simple moving average) back into play.
  • Ether shows resilience above a pivotal level: ETH rebounded off the 20-day EMA near ~$2,273 and is eyeing a breakout beyond $2,465, which could clear the path toward $2,800; a dip below the 20-day EMA would raise the risk of a pullback toward the $2,157 area near the 50-day SMA.
  • Altcoins poised for a broader move: Several major assets are attempting to rise above resistance levels, signaling aggressive buying on dips and a possible wider risk-on rally for the sector.
  • XRP and trendline dynamics to watch: XRP has bounced from nearby moving averages and could target the downtrend line; a confirmed breakout above that line would bolster the case for a short-term uptrend toward around $2.
  • Mixed setups among popular assets: Cardano faces resistance in the region between the 50-day SMA and a downtrend line, while BNB has cleared $649 and could move toward $687 and then $790 if momentum persists.

Bitcoin and Ether anchor the relief rally

Bitcoin’s bid-up from the 20-day exponential moving average, which sits near $73,758, helped push the price above the $78,333 threshold. Should BTC hold above this level, traders anticipate further upside toward the mid-$80,000s, with $84,000 representing a potentially pivotal target. Conversely, a failure to sustain above the 20-day EMA would raise the odds of a pullback toward longer-term averages, including the 50-day SMA at roughly $70,934.

Ether’s setup echoes the broader risk-on mood. After a bounce off the 20-day EMA around $2,273, ETH has shown signs of renewed demand, supported by upward-sloping moving averages and bullish momentum indicators in the near term. A clearance of $2,465 would clear space toward the $2,800 region, while a break below the 20-day EMA could pull ETH back toward the $2,157 level near the 50-day SMA.

Altcoins in motion: XRP, BNB, SOL, DOGE and more

XRP turned up from its short-term moving averages, suggesting traders are starting to view dips as opportunities. The bulls’ next milestone would be a push above the downtrend line, which could open a path toward $2 if momentum builds decisively.

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BNB extended its recovery after clearing the $649 barrier. If buyers sustain the move, the next targets could lie near $687, with potential extension toward $790 should the uptrend gather pace. A failure to hold above the moving averages could keep the pair range-bound for the near term.

Solana remains near key moving averages, with a break above $91 potentially opening a route toward $98 and, if sustained, toward $117. A slide back below the moving averages could prolong a period of range-bound action around the current levels.

Dogecoin regained upside momentum, eyeing a test of $0.10 and, if buyers stay in control, a move toward $0.12. A sharp retreat below $0.09 would reintroduce risk of a deeper pullback toward the February low around $0.08.

Hyperliquid has bounced off the 50-day SMA near $38.41, signaling dip-buying activity. The 20-day EMA is flattening and the RSI sits near the midpoint, suggesting a possible range formation in the near term. A sustained move above $45.77 would be needed to re-ignite the uptrend, while a break below the 50-day SMA could drag the price toward the $34.45 level on a renewed pullback.

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Cardano is testing the resistance zone between the 50-day SMA (approximately $0.26) and a downtrend line. A successful breakout above that line could push ADA toward $0.32 and then to $0.37, while a turn lower could keep the price within the descending channel for longer.

Bitcoin Cash has clawed above the 50-day SMA around $454, with the moving averages hinting at bullish crossovers. If BCH can conquer the $486 resistance, a rally toward $520 becomes more plausible. A failure to sustain this level could keep BCH in a tighter range between the moving averages.

Monero surged past $382 but faces a challenge in maintaining momentum. A close above this level would target a fresh ascent toward the chart pattern’s objective near $462, while a drop below $382 could see bears resume selling rallies and push XMR back toward the moving averages’ support.

Overall, the current setup paints a picture of a tentative relief rally taking hold, with Bitcoin and Ether acting as the key anchors for broader market optimism. Yet, the spectrum of individual coin dynamics – from XRP and ADA to BCH and XMR – underscores the uneven pace of recovery across the sector and the ongoing influence of macro factors and on-chain signals.

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Analysts note that while on-chain metrics have turned more constructive recently, the path forward remains uncertain. The market’s next moves may hinge on whether BTC can sustain above critical levels, whether ETH can push through sub-1% resistance zones, and how the rest of the crypto ecosystem responds to this renewed risk-on sentiment. As always, investors should manage risk and stay alert to shifts in technical levels and on-chain data.

Watch for continued price action near the key levels highlighted above and for any fresh on-chain signals that could confirm or challenge the current narrative. The coming sessions will indicate whether this relief rally has legs or remains a tactical bounce within a longer-running regime of caution.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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American Bitcoin Stock Jumps 12% on Miner Expansion

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Start mining BTC in minutes with no equipment

Shares of American Bitcoin, the Trump family-linked mining company, surged approximately 12% on April 22 after the firm announced it had completed the deployment of 11,298 new ASIC miners at its Drumheller, Alberta site, expanding its active fleet to roughly 89,242 machines.

Summary

  • American Bitcoin deployed 11,298 new ASIC miners at its Drumheller facility, adding 3.05 exahash per second of capacity and pushing total hashrate to 28.1 EH/s.
  • The stock jumped approximately 12% to $1.38 on the news, extending a broader recovery as Bitcoin prices climbed.
  • The expansion reinforces American Bitcoin’s decision to double down on Bitcoin mining while many rivals pivot capital toward AI data centers.

American Bitcoin Corp., the Bitcoin mining and treasury firm co-founded by Eric Trump and backed by the Trump family, sent its stock up roughly 12% to $1.38 on April 22 after announcing the completion of a major fleet expansion. The company deployed 11,298 ASIC miners at its Drumheller, Alberta facility, adding approximately 3.05 exahash per second of mining capacity and pushing its total owned fleet to around 89,242 machines representing 28.1 EH/s.

American Bitcoin Mining Expansion Defies the AI Pivot Trend

The newly deployed machines operate at an efficiency of approximately 13.5 joules per terahash, which the company says lowers its electricity cost per coin and improves the profitability of its mining operations even as Bitcoin network difficulty continues to rise. The expansion completes a fleet buildout that was first announced in March, making American Bitcoin one of the more aggressive scale-up stories among publicly traded miners in 2026. “Scaling hashrate is one of the ways we strengthen our position in Bitcoin,” Eric Trump, the company’s co-founder and chief strategy officer, said in a statement. “Bringing these miners online at Drumheller reflects exactly how we intend to lead: moving quickly, allocating capital with discipline, and growing our Bitcoin exposure efficiently at institutional scale.”

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A Deliberate Bet on Mining as Rivals Shift to AI

The deployment represents a strategic statement as much as an operational update. Several major publicly traded Bitcoin miners have been redirecting capital and infrastructure toward artificial intelligence and high-performance computing data centers, where margins and demand have attracted significant institutional interest. American Bitcoin has chosen the opposite path, committing to large-scale mining as its core value driver. The company’s Bitcoin treasury now sits at approximately 7,000 BTC, and its business model is built around accumulating Bitcoin below spot price through scaled mining operations. As crypto.news reported at the company’s September Nasdaq debut, American Bitcoin positions itself as an institutional-grade vehicle for Bitcoin exposure, leveraging Hut 8’s infrastructure for mining and at-market purchases to maximize Bitcoin per share. The stock has faced significant volatility since listing, falling from a peak near $13 to around $1 before Tuesday’s rally.

What the Expansion Means for American Bitcoin’s Market Position

With its fleet now at 89,242 machines and an operational capacity of 25 EH/s across nearly 59,000 active units, American Bitcoin is deepening its structural advantage over competitors that have diluted their mining focus. The new hardware operates at above-average efficiency relative to the company’s existing fleet, which the firm says will lower its overall cost basis per Bitcoin mined. As crypto.news tracked, the stock has faced multiple pressure points since going public, including a sharp lockup expiry-driven selloff in December 2025, making the current recovery meaningful context for investors watching whether the operational expansion can translate into sustained price support.

American Bitcoin has scheduled its first quarter 2026 earnings call for May 6, where investors will be watching for updated Bitcoin production figures, treasury size, and the company’s cost-per-coin metrics following the completed Drumheller expansion.

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BTC tops $79,000 as crypto rally accelerates; MSTR, COIN, CRCL jump

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BTC price and average perp funding rates (K33)

Bitcoin climbed above $79,000 on Wednesday, hitting its strongest level since early February as a long-awaited breakout attempt gathered momentum.

The largest crypto rose 4.5% over the past 24 hours, leading major altcoins ether (ETH), BNB , Solana (SOL) and XRP higher. The broad-market CoinDesk 20 Index advanced 3.5%.

Crypto-linked stocks also rose. Strategy (MSTR), the largest corporate BTC holder, jumped 10% while stablecoin issuer Circle Internet (CRCL) gained 9% and crypto exchange Coinbase (COIN) rose 6%. Bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT) added 6%-7%.

The broader macro backdrop also turned supportive. The S&P 500 rose 0.9%, and the Nasdaq added 1.3% to record highs, extending the risk-on environment.

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The gains followed U.S. President Donald Trump’s remark late Tuesday that he would extend the Iran ceasefire while maintaining a naval blockade of the Strait of Hormuz. Still, uncertainty around peace talks remains.

“BTC’s near-term direction remains highly dependent on macro and geopolitical developments,” said Paul Howard, a senior director at Wincent. He pointed to $72,000 as key support, with upside potentially could be capped near $80,000 range as traders take profits.

Bitcoin short squeeze potential

While macro risks are still in place, derivatives positioning could fuel the rally higher.

Perpetual swap traders remain heavily skewed bearish, with seven-day funding rates at near three-year lows, noted Vetle Lunde, head of research at K33 Research. At the same time, open interest continues to trend higher, suggesting fresh leverage is entering the market.

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BTC price and average perp funding rates (K33)

“Rising leverage alongside deeply negative funding suggests shorts are steadily building in perps, increasing both the likelihood and potential magnitude of a short squeeze,” he wrote.

“We continue to see strong breakout potential for BTC, with concentrated shorts providing ample fuel for a move higher,” Lunde added.

The $80,000 area, however, carries additional weight for bitcoin. It aligns with the short-term holder realized price — a measure of the average cost basis for newer market participants, who tend to be more sensitive to volatility and more likely to sell into strength.

For now, BTC is testing that hurdle. A clean move above it could signal stronger conviction behind the rally, but failing to hold could invite renewed selling pressure and profit-taking from shorter-term holders.

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    Bitcoin Hits 11-Week High Above $78K

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    Wintermute warns AI-fueled liquidity drain is suffocating Bitcoin

    Bitcoin climbed above $78,000 on April 22, reaching its highest price in 11 weeks, as a wave of short liquidations and improved macro sentiment following Trump’s ceasefire extension combined to push the asset to a key technical level that had resisted multiple breakout attempts.

    Summary

    • Bitcoin broke above $78,000 on April 22 for the first time in 11 weeks, with CoinGlass data showing approximately $180 million in short liquidations clustered above the level.
    • The move coincided with improved risk sentiment after Trump extended the Iran ceasefire, alongside a broader altcoin rally led by higher-beta assets.
    • Analysts warn the move is driven by short-term positioning dynamics rather than a fundamental shift in capital allocation or market structure.

    Bitcoin rose above $78,000 on April 22 for the first time since early February, touching an 11-week high as easing geopolitical tensions and a concentrated cluster of short liquidations above the level combined to push price through resistance that had turned back multiple attempts in recent weeks. According to Fortune’s April 22 price data, BTC was trading at $78,194 as of 9:15 a.m. ET, up approximately $2,293 from the prior morning.

    Bitcoin 11-Week High Fueled by Short Liquidations and Macro Relief

    CoinDesk reported that approximately $180 million in short futures positions were sitting above the $78,000 level heading into the session, according to CoinGlass liquidation heatmap data, creating significant upside fuel if price could clear the threshold. The broader catalyst was Trump’s extension of the Iran ceasefire announced on April 21, which lifted risk sentiment across equities and crypto simultaneously. Crypto futures open interest rose more than 4% to $126 billion in the 24 hours surrounding the move, with funding rates flipping positive across most major tokens, signaling renewed demand for leveraged long exposure.

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    Diana Pires, Chief Business Officer at sFOX, said, “Bitcoin reaching an 11-week high and testing the $78,000 level is being framed as a macro-driven move, but the move appears largely driven by positioning, with a significant amount of short liquidations sitting above the market. This is a squeeze dynamic more than a fundamental shift in demand.”

    Altcoins Join the Rally, But the Breadth Tells Its Own Story

    The Bitcoin move pulled altcoins higher across the board, with memecoins leading gains and higher-beta assets outperforming. As crypto.news documented, a similar dynamic played out during the earlier $225 million short squeeze in mid-April, where forced buying in derivatives markets accelerated a price move that ultimately failed to hold. The current rally’s altcoin participation pattern drew cautious readings from analysts watching for signs of genuine capital reallocation versus tactical risk-on positioning.

    According to Diana, “Participation is expanding into altcoins, but it’s concentrated in higher-beta, more speculative segments. That’s consistent with a short-term risk-on reaction, not a broad reallocation of capital.”

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    Whether the Move Can Hold Is the Real Question

    Bitcoin spent more than 46 consecutive days below $76,000 before this week’s move, building up one of the largest concentrations of short positioning in recent history, as crypto.news tracked. K33 Research head of research Vetle Lunde noted that comparable risk-off regimes with negative funding and rising open interest have historically preceded significant recoveries once short sellers were forced to unwind. That structural setup provided the technical conditions for the current move, but analysts are watching closely whether spot demand can sustain price above $78,000 once the immediate liquidation fuel is exhausted. The FOMC meeting on April 28 and 29 is the next major macro test, with rate cut expectations still largely absent from the near-term calendar.

    “What matters now is whether this move can sustain without continued positioning support. Liquidity conditions remain tight, and capital is still selective in how it allocates to risk assets. Until that participation deepens and proves durable, this type of price action is more reflective of short-term positioning than a broader shift in market structure,” Diana explained.

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    A 43% Projection Is Calling the Gold vs Silver Winner as Oil Cools

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    Gold-Silver Ratio Daily Chart

    The gold vs silver divergence has widened sharply this month. Silver (XAG/USD) is up 15.47% against gold’s (XAU/USD) 6% gain as Brent crude slides below $99 on continuing de-escalation talks.

    The gap is not random. Proprietary indicators, options flows, and chart structure all lean the same way, though one structural force still defends gold’s downside.

    Three Forces Are Separating Gold from Silver

    The gold-silver ratio has formed an inverted cup and handle since late March. The ratio now presses against the handle’s lower trendline. A clean breakdown would extend silver’s lead, while a reclaim of the pattern’s upper bound would neutralize the silver-friendly setup.

    Its handle low sits near 58, and a break below that level targets a further 16% compression, meaning silver extends the lead. A reclaim of 68 flips it back toward gold.

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    Gold-Silver Ratio Daily Chart
    Gold-Silver Ratio Daily Chart: TradingView

    Silver’s Solar Lag Model, which tracks silver against solar-demand-driven industrial flows with a 10-day lag, has crossed above zero for the first time since late 2025. The November 28 cross preceded silver’s multi-week rally.

    Silver vs Solar Lag Model
    Silver vs Solar Lag Model: TradingView

    Gold’s Real Yields Lag Model, BeInCrypto’s proprietary indicator, which measures gold’s path against 10-year real yields, is rolling the other way. It peaked at 2.685 earlier this month and now reads 0.308. Its slope mirrors the February rollover that broke below zero and bottomed at -3.497 during gold’s correction.

    Real Yields Lag Model
    Real Yields Lag Model:TradingView

    One structural force still defends gold. Central banks now hold roughly 38,666 tons, about 17% of all gold ever mined, according to data cited by The Kobeissi Letter. Even if gold loses the relative race to silver, its downside is cushioned by a buyer base that does not respond to short-term macro rotations.

    Taken together, the ratio is compressing in silver’s favor, silver’s industrial lag model is climbing, and gold’s monetary premium is fading, while central bank demand keeps gold’s floor intact rather than lifting it higher. The scoreboard reads three forces for silver, one defensive line for gold.

    Positioning data shows whether options traders are reading the divergence the same way.

    Options Traders Stack Long on One, Stay Balanced on the Other

    Options activity on the iShares Silver Trust (SLV ETF), the largest silver-backed fund and the main proxy traders use to position on silver without touching futures, has turned sharply bullish since late March.

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    The put-call volume ratio, where a reading below one means calls outnumber puts, has dropped from 0.77 on March 26 to 0.49 on April 21. The open interest ratio has fallen from 0.60 to 0.56 over the same window. Call activity is outpacing put activity on both intraday and structural horizons.

    SLV implied volatility sits at 54.26% with an IV Percentile of 69%, meaning options are pricing expected movement above most of the past year’s range. Traders are leaning long and paying up for the range.

    Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.

    SLV Put-Call Ratio
    SLV Put-Call Ratio: Barchart

    Positioning on the SPDR Gold Shares (GLD ETF), the equivalent physical-backed vehicle for gold exposure, looks different. The volume ratio has dropped from 1.35 on March 26 to 0.87, a shift from bearish to mildly bullish. The open interest ratio has barely moved from 0.53 to 0.54. Traders have stopped stacking downside protection on gold but have not rotated into aggressive call accumulation either.

    GLD Put-Call Ratio
    GLD Put-Call Ratio: Barchart

    With indicators and positioning pointing the same way, the charts become the decider.

    The Gold vs Silver Verdict Rests on Two Inverse Setups

    The silver price (XAG/USD) daily chart has been carving out an inverse head and shoulders, a bullish reversal shape made of three lows with the middle one being the deepest. The pattern’s head sits near $60, and the neckline runs close to $80. The right shoulder’s buying volume sits marginally above its matching selling volume, offering subtle confirmation of strength

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    A clean break above the $80 to $83 zone would activate a 43% projection toward roughly $115, pushing price near the $121 all-time high. The optimistic extension sits at $133 as a stretch target. A drop below $75 weakens the structure, a move under $69 risks invalidation, and a breach of $60 ends the bullish thesis.

    Silver Price Analysis
    Silver Price Analysis: TradingView

    Gold price is building the same pattern but with weaker confirmation. The right shoulder’s selling volume pillar sits above the matching buy volume, the opposite of silver’s read, showing weaker strength. The neckline sits near $4,848, and a confirmed break above that level opens a 24% path to $5,934 from the neckline. That upside is roughly half of silver’s measured move.

    Gold Price Analysis
    Gold Price Analysis: TradingView

    The gold-silver ratio from earlier provides the deciding context as the pattern too favors silver for now.

    In the gold vs silver race, silver holds the volume confirmation, the cleaner options flow, and the larger projection. However, gold’s safe haven floor rests on central bank demand. Silver’s break above $80 opens a path to $115 and extends the lead. But a rejection there and a loss of $75 could hand momentum back to gold.

    The post A 43% Projection Is Calling the Gold vs Silver Winner as Oil Cools appeared first on BeInCrypto.

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    Clarity Act Markup Slips to May as Tillis Seeks More Time, But OCC Advances Stablecoin Rules

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    Clarity Act Markup Slips to May as Tillis Seeks More Time, But OCC Advances Stablecoin Rules

    The Senate Banking Committee’s Clarity Act markup is tracking toward May after Sen. Thom Tillis (R-NC) told reporters he does not expect the committee to act in April.

    Tillis, the lead negotiator on stablecoin yield provisions, wants more time to hear from banking stakeholders. The delay pushes the earliest possible window to the week of May 11.

    Bank Lobbying Pressures Tillis on Stablecoin Yield

    Tillis’s office has faced a coordinated pressure campaign from bank lobbying groups, including the North Carolina Bankers Association.

    Banks have objected to details of a stablecoin yield compromise reached earlier this month between select crypto firms and banks, even though the full text has not been publicly released.

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    “It’s very important to me not to accelerate things, to hear everybody, and give them a rational basis for what we do accept,” Sen. Thom Tillis, reportedly told reporters.

    However, Sen. Cynthia Lummis (R-WY) pushed back sharply, warning that “further delay is unacceptable” and that the offshore risk is real.

    The Digital Chamber also sent a letter to Banking Committee leadership urging immediate action.

    The trade group noted more than 270 days have passed since the House passed the Clarity Act.

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    OCC Advances GENIUS Act Stablecoin Framework

    Meanwhile, the Office of the Comptroller of the Currency (OCC) is moving forward with its proposed rule to implement the GENIUS Act.

    The rule would establish licensing, reserve, and redemption standards for payment stablecoin issuers under federal oversight. The public comment period closes May 1.

    The parallel tracks highlight a split in the pace of US crypto regulation. While the OCC builds out stablecoin supervision, the broader market structure bill faces growing political friction.

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    The post Clarity Act Markup Slips to May as Tillis Seeks More Time, But OCC Advances Stablecoin Rules appeared first on BeInCrypto.

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    Ex-FTX CEO Withdraws Motion for a New Trial, Still Asks for New Judge

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    Ex-FTX CEO Withdraws Motion for a New Trial, Still Asks for New Judge

    Former FTX CEO Sam Bankman-Fried, serving a 25-year sentence for his role in misusing user funds at the crypto exchange, has dropped a motion in federal court requesting a new trial for his criminal case, but still has a pending appeal of his conviction and sentence.

    In a Wednesday filing in the US District Court for the Southern District of New York, Bankman-Fried responded to a March 23 letter from Judge Lewis Kaplan ordering the former FTX CEO to answer whether he received any assistance from lawyers for a pro se motion — a filing on his own behalf without an attorney. Kaplan’s order followed US prosecutors raising doubts whether the convicted company founder filed for an extension of his request for a new trial by himself in March, just a few days after his mother, Barbara Fried, though lacking standing, sent a letter to the court on her son’s behalf.

    “I am the author of this letter, but did consult with my parents about it, since it concerns both of them,” said Bankman-Fried, referring to an extension to file for a Rule 33 motion for a new trial, adding:

    “As I have had to focus on responding to these questions rather than drafting a response to the prosecution’s opposition, and because I do not believe I will get a fair hearing on this topic in front of you, I am now requesting to withdraw the Rule 33 motion, without prejudice to renewing it after my direct appeal and the related request for reassignment have been ruled upon.”

    Letter from Sam Bankman-Fried, made public on Wednesday. Source: Courtlistener

    Bankman-Fried requested in February that a different judge rule on his motion for a new trial, claiming that Kaplan showed “extreme prejudice.” He also awaits a decision on his appeal of his conviction and sentence in the US Court of Appeals for the Second Circuit. Neither filing was apparently affected by Bankman-Fried’s letter, posted to the public docket on Wednesday.

    Related: Interview with SBF’s parents drops chance of pardon on betting markets

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    Bankman-Fried, known as SBF, was once the CEO of one of the largest crypto exchanges globally before he was convicted of fraud and charges related to his misuse of customer funds in 2023 and later sentenced to 25 years in prison. As of Wednesday, he was housed at the Federal Correctional Institution, Lompoc I, in California.

    Is SBF still seeking Trump pardon?

    Following his incarceration, the former FTX CEO has made several public statements through interviews and his social media accounts signaling plans to apply for a presidential pardon from Donald Trump.

    His request for a new trial included claims that former US President Joe Biden’s Justice Department “threatened multiple witnesses into silence or into changing their testimony“ at his criminal trial. He has also posted to X praising Trump’s crypto policies and the president’s military actions in Iran.

    In a January New York Times interview, Trump said that he had no intention of pardoning the convicted former FTX CEO.

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    Magazine: Your guide to surviving this mini-crypto winter