Day: April 24, 2025

ONDO Surges 21% amid THIS Breakout-Is $1.2 Next on the Cards?

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ONDO has broken out of its downtrend to rally behind other recovering altcoins with a 25% price surge as the market sentiment shifts.

 

Ondo Finance, the U.S.-based provider of decentralized finance investment, has seen renewed market interest following a price reversal after months of downtrend. ONDO has gained 21% in price with a 70% surge in 24-hour trading volume. Per CoinGlass data, the coin’s open interest rose 19.92 % amid a positive Open Interest (OI) Weighted Funding Rate.

Looking at the 1-day chart, ONDO’s price has been consolidating inside a descending triangle pattern. On its descending trendline, a breakout above the $0.82 zone has seen ONDO rally towards the $1.0 resistance zone.

 

Source: CoinMarketCap

 

According to  Yovel Crypto Money on CoinMarketCap, despite the price consolidation at the $0.97 zone and momentum exhaustion, ONDO is eyeing the $1.0704 while targeting the $ 1.2 in the mid-term.

As the bulls step in, a high buying pressure could see the coin rally past the psychological $1.0 mark towards $1.2 and beyond. Traders are monitoring the price at the current price for further insights.

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partyushgoyal

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Paypal Partners with CoinBase to Advance Stablecoin Payments

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Paypal is set to integrate its 434 million users in crypto in a move to bring stablecoin payments to customers globally.

 

Cryptocurrencies are gradually entering the mainstream financial system as traditional financia giants appreciate their revolutionary role in borderless payments. A major boost for crypto adoption has hit the market following Paypal’s announcement of partnership with Coinbase.

Considering paypal’s customer base and Coibase’s crypto influence, this partnership is a huge step to fast and low-cost payments for the digital economy. Stablecoin payments for everyday users will be the initial stage toward on-boarding millions of individuals and business into the DeFi ecosystem and the associated blockchain utility.

Coinbase has embraced this partnership acknowledging it huge impact to the crypto space and the global economy. Per the company’s announcement on X (formerly Twitter);

 

Let’s do this, @PayPal .We’re teaming up to advance stablecoin payments.

 

 

With traditional finance getting on-chain, the market is anticipating more developments towards crypto adoption in the following months.

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partyushgoyal

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What is Bitcoin Mining and Proof of Work (PoW) Mechanism?

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Bitcoin mining using the proof of work mechanism is significant in securing the bitcoin network, processing transactions and creation of new BTC coins.

 

In the traditional monetary system, central banks play the role of issuing new currency in the form of notes and coins. New crypto enthusiasts or learners find themselves wondering who issues new Bitcoin coins or how BTC transactions are verified on the blockchain.

Bitcoin mining refers to the process of solving complex math puzzles using powerful computers. When a miner successfully solves the current puzzle on the network, a transaction is confirmed, and a new block is added to the blockchain. The miner earns rewards in terms of Bitcoin, which they can hold or sell on the market, thus introducing a new supply of coins. This process is referred to as the Proof of Work (PoW) mechanism.

By incentivizing miners with rewards, the Bitcoin network can keep itself fair, secure, and decentralized. PoW mechanism rewards miners for spending real computing power and energy. This keeps the network secure and running smoothly at all times.

Anyone with the necessary computing power can join the network from anywhere around the globe. This fairness makes crypto borderless, fair, secure, and an advocate of financial inclusion for all.

 

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partyushgoyal

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Whale Accumulation: Assessing BTC Corporate Buys and Market Impact

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Governments and institutional whales have been diving deep into bitcoin and other cryptocurrencies over the past month. Is this FOMO or new trust in crypto?

 

Large-scale Bitcoin acquisition race is accelerating as major corporations from Asia to Wall Street seek a hedge against economic uncertainties. The fear of missing out (FOMO) on the “digital gold” and favorable crypto policies under President Trump’s administration could be fuelling corporate stacking of BTC.

 

Additionally, following the recent trade war and stock market crash, institutions have been forced to consider digital assets for portfolio diversification. As a result, the market has seen major corporate buys in the past 24 hours. The following are key market developments of the day;

  1. Metaplanet, nicknamed “Japan’s Microstrategy,” has added $13.4 million worth of BTC, making its stash hit 5,000 BTC valued at $460 million at an average buy price of $89.9k.
  2. BlackRock, the biggest asset manager globally, has scooped 6,890 BTC worth $ 643.2 million in the latest of its several buys.
  3. HK Asia Holdings is raising HK$65M ($ 8.3 million) to quench its appetite for BTC reserves.

 

The corporate buys suggest long-term investor conviction and a bullish signal for the market. Some influential figures have argued that this could be the last year for investors to buy Bitcoin under $100k. This comes into consideration of BTC’s rising demand against its capped supply of 21 million coins.

 

 

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partyushgoyal

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Ethereum On-Chain Activity Surges Nearly 10% in 48 Hours

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Ethereum active addresses have jumped from 306,211 to 336,366, a 9.85% surge in the past 48 hours. Is this a sign of renewed investor interest?

 

Ethereum has seen its price fall to a 2-year low as of April 2025. In the past week, Scoopist noted that the king of altcoins was hitting the oversold zone as prices plunged.

Cryptoquant data has revealed a surge in Ethereum’s active addresses, signalling market activity. According to the on-chain metrics, ETH’s active addresses jumped from 306,211 to 336,366 in the past 48 hours, reflecting a nearly 10% increase.

 

Source: Cryptoquant

 

What does this mean for ETH?

ETH has surged notably amid the rising on-chain activity, hitting the $1800 mark. A sudden rise in active addresses could signal more than just renewed investor interest. This could be a sign of whales buying the dip, considering ETH was oversold.

Despite the current price volatility, this could suggest Ethereum’s rebound is imminent as the bulls take charge. Traders are closely watching the coins’ on-chain activity to determine their next moves.

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partyushgoyal

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Ethereum Rally Alert: Price Tops $1,800 With $2,000 Break and ATH on the Horizon

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Ethereum price surges past $1,800 as analysts forecast a breakout above $2,000 and a push toward new all-time highs.

 

Ethereum has stabilized after a long period of falling prices. Over the past week, it has bounced back from an important support level around $1,550 and risen above $1,800, leading to discussions about a bigger recovery.

Bullish Divergence Signals Growing Strength

A well-known analyst, Crypto Feras, has noticed a rare sign of potential growth in Ethereum on its higher timeframes. He pointed out that this is the first time in almost three years that ETH has shown a hopeful signal while in the oversold area on the 3-day chart.

He mentioned that if Ethereum keeps its current trend, it could reach a price between $2,000 and $2,150 in the short to mid-term. The market responds well, showing a slow change from a negative outlook to a more hopeful one.

Beyond technicals, there are clear signs of renewed interest from large companies in Ethereum. Fidelity, an investment firm, recently announced it has invested $253.8 million in ETH. This kind of activity from big investors often helps boost the market, especially for leading digital assets like Ethereum.

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