Litecoin LTC Breaks Out amid Strong Bullish Momentum-Is $95 Next Target?

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Litecoin’s technical setup indicates a strong bullish breakout above a key resistance zone as technical indicators support LTC’s bullishness. Will the bulls target $95 next?

 

Litecoin has surged 11.26% in the past 24 hours as of press time. Per CoinMarketCap data, LTC has seen a 67.37% surge in 24-hour trading volume, signalling increased buying pressure amid renewed investor interest. As open interest rises, the bulls are geared up for a rally to reclaim the $100 key psychological level.

 

Looking at the 4-hour chart, LTC has broken out of the $81-$88 horizontal channel through the $88-$90 resistance zone with a strong consecutive green candles. This suggests strong bullish momentum as buyers step in following a retest of the $81 key support.

Source: CoinMarketCap

 

What do the technical indicators tell?

The MACD level (12,26), the short-term and mid-term moving averages are flashing “buy”, at press time. With the Relative Strength Index (RSI) at 60 (not overbought zone), LTC has heightened buying pressure and more buying potential.

With LTC’s price fluctuating around $90.80 and a fair value gap (FVG) left at the $84.5-$87 zone, LTC bears could attempt a price pullback.  Analysts have predicted that, if the bulls hold strong, LTC could hit $95 as its next target toward the $100 mark. Traders are closely monitoring LTC above the horizontal channel for more insights.

 

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TRON Achieves 99.7% Block Efficiency Boosting its Reliability

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TRON blockchain on-chain data hints at optimum efficiency at 99.7%, suggesting that it is becoming one of the most reliable decentralized blockchains.

 

Blockchain efficiency measures how consistently a blockchain network can create new blocks without random failures or delays, reflecting its ability to handle transaction demand.  TRON has been working on its blockchain network since 2020, replacing its Super Representatives. The optimized efficiency level will ensure fewer delays and a better user experience fueled by consistent block production.

 

Source: X

According to the chart by Cryptoquant, TRON has hit 99.7% block production efficiency. With this development, the network has replaced 68% of its Super Representatives, signalling high reliability throughput for dApps and DeFi operations.

Additionally, TRON has improved in the decentralization aspect, distributing more power across the blockchain network. With such developments in place, TRON is solidifying its stance as one of the most dependable platforms in the crypto space, especially among developers in need of uptime and scalability.

 

 

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What is Bitcoin Halving and Why does it Matter?

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Bitcoin halving cuts miner rewards every four years. So, what is Bitcoin halving, and why does it matter in Bitcoin’s principles?

 

Bitcoin halving is a built-in event that occurs approximately every four years in Bitcoin’s blockchain network, where the rewards for mining Bitcoin are slashed by 50%. Traders observe this event to understand BTC’s supply, demand, and price insights. Bitcoin halving defines market dynamics and investor sentiment.

As a result, one ought to understand and mark this key event while planning their long-term BTC investment strategy. BTC halving happens on-chain and is embedded in Bitcoin’s code. This means no single entity can control or tamper with it due to Bitcoin’s decentralized nature.

 

Why does Bitcoin halving matter?

Bitcoin halving is more than a technical update on the blockchain. The most recent event occurred in April 2024, cutting miner rewards from 6.25 to 3.125 BTC per block. Each halving minimizes Bitcoin’s supply amid growing demand. Historically, post-halving events have seen major bull runs for BTC.

Bitcoin’s supply is capped at 21 million coins, and each halving boosts the countdown to the total supply, thus solidifying BTC’s scarcity principle. This is a market-moving event that investors anticipate as Bitcoin ascends to a “digital gold” status fueled by growing adoption.

 

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New Hampshire Becomes First State to Enact BTC Reserve Legislation

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New Hampshire made history as the first U.S state to enact a strategic Bitcoin reserve bill into law.

 

In a historic moment, the U.S. state of New Hampshire has caught global attention following its completion of the strategic Bitcoin reserve legislation process.  After passing the committee stages, the state’s Bitcoin bill, HB302, was passed to Governor Kelly Ayotte for signing. Following her signature on the 6th of May,2025, the legislation is officially a law.

According to her official announcement on X (formerly Twitter):

 

New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals.

 

This Law makes New Hampshire the first U.S. state to allow its treasury to invest up to 5% of its reserves in Bitcoin, the “digital gold,” and other precious metals. Arizona has been leading the strategic reserve race, but lags following Governor Hobbs’ veto.

This law comes as a bold step to appreciate and advance the role of digital assets in the evolving digital finance and global payments. While other states progress through their committee stages, New Hampshire goes down in history as a champion of digital assets and the financial revolution in the crypto space.

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KULR Technology Group Adds 42 Bitcoins amid Impressive YTD Gains

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Public company, KULR Group, has added 42 bitcoins to its reserves while recording impressive 197.5% gains YTD.

 

KULR Technology Group, the public company that provides energy management solutions for aerospace, space, and defense applications, has revealed surprising returns on BTC investment. According to its latest announcement, KULR Group has accumulated 42 more Bitcoins, bringing its total holding to 716.2 BTC. Per the CEO & Co-founder, Michael MO on x (formerly Twitter);

 

KULR has acquired 42 BTC for ~ 4 million at ~ $94,403 per #bitcoin and has achieved BTC Yield of 197.5% YTD. As of 5/6/25, we hodl 716.2 $BTC acquired for ~ $69million at ~ $96,342 per bitcoin. $KULR

 

With over $69 million worth of BTC in its treasury, KULR has recorded a 197.5% year-to-date (YTD) yield, signaling how strategic BTC investments could shape a company’s revenue. Global Companies are accumulating Bitcoin for their reserves in a bid to leverage the growth of digital assets in the coming years.

Investors are impressed by KULR’s investment strategy as Bitcoin’s bullish momentum gains strength. The yield positions the company among the top bold believers of BTC’s long-term growth and its role in the shifting digital economy.

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BlackRock Weekly Bitcoin Accumulation Hits $2.5 Billion

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Blacrock has been accumulating Bitcoin at a high rate, signaling heightened institutional demand and adoption.

 

BlackRock, the world’s largest asset manager, with around $11.58 trillion in assets under management, has caught the market’s attention following its bold Bitcoin strategy. The institution’s rate of BTC acquisition has raised eyebrows as investors anticipate a bullish rally and potential market supply shock driven by demand.

According to on-chain data, Blacrock has acquired BTC worth $2.5 billion in just one week. In the past 7 days, there have been multiple transactions from Coinbase Prime to the IBIT ETF wallet, suggesting aggressive accumulation.

 

Source :X

 

What does this mean for BTC?

As traditional investors seek exposure to Bitcoin through ETFs, institutional acquisition of BTC is projected to rise in the following months.  With Bitcoin exchange supply draining steadily, the market could see a supply shock triggering a BTC rally towards the $100k mark and beyond.

Additionally, this suggests growing mainstream crypto adoption. Bitcoin is joining traditional balance sheets while positioning itself as a hedge against inflation and economic uncertainity.

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Cardano Faces Price Rejection Signaling Caution Ahead-What’s next for ADA?

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Cardano has faced price rejection around the $0.70 key resistance zone on its descending channel. Technical analysis hints at further downside if the bearish pressure persists.

 

Caradano has been flashing signs of strength in the past week as bulls hold strong in anticipation of ETFs’ approval. However, amid rising odds of ETF approval, Cardano bears could be taking charge as bulls get exhausted at the $0.70 zone. As of this writing, ADA has faced price rejection in this zone following a price uptrend in the past 48 hours.

Source: X

Looking at the 3-day chart, Cardano has tested the $0.68-$0.71 resistance zone on its descending trendline. Following a price exhaustion, the bears are pulling back, changing the coin’s momentum. Technical indicators signal strong bearish momentum, as the MACD (12,26) and moving averages flash a “strong sell”.

With the Relative Strength Index at 43, Cardano is approaching the oversold zone and has potential for price reversal. However, according to crypto analyst Ali Martinez, if the bearish pressure persists, ADA could drop further to $0.63, eyeing the  $0.54 support zone.

One should watch out for ADA’s fundamentals, buying volume, and technical indicators at this level for further insights.

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Explore Crypto Exchange-Traded Funds (ETFs) and Their Role in Crypto Adoption

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Crypto ETFs are boosting crypto adoption and allowing traditional investors access to and invest in digital assets. So, what are Crypto ETFs?

 

Crypto Exchange-Traded Funds (ETFs) accelerate crypto adoption and market growth as traditional capital flows into digital assets. ETFs allow investors to buy into cryptocurrencies without handling private keys or wallet addresses. They exist in two main types: spot ETFs and futures ETFs.

Spot ETFs track the price of crypto Assets like Bitcoin and Ethereum directly, while futures follow contracts predicting future prices. They are issued by regulated platforms such as Charles Schwab and asset managers such as BlackRock, GrayScale, and VanEck. These firms allow traditional investors to buy Crypto ETFs similarly to Stocks.

How do ETFs Accelerate Crypto Adoption?

Crypto assets involve a lot of complexity in buying, transferring, and storing, besides security risks for new investors. They also require some technical understanding to safely store or trade on crypto exchanges.

Availability of ETFs minimizes the complexity for new investors or crypto enthusiasts with little knowledge about digital assets. They have allowed traditional investors to add crypto assets to their portfolios without deep technical know-how. Holding ETFs boosts investor interest in digital assets and advances crypto adoption as more investors gain exposure to them.

 

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Kucoin BTC Reserves Plunge 77% After Mandatory KYC Announcement

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Kucoin exchange has seen its Bitcoin reserves drop by over 77% following a recent mandatory KYC requirement.

 

Kucoin, the Seychelles-based cryptocurrency exchange, resolved its criminal charges in January 2025, paying $3oo million in fines. This came after admitting to charges of operating an unlicensed money transmitting business while ignoring anti-money laundering protocols on its platform.  The worst crypto hack of the year 2020 left Kucoin bleeding $281 million in losses after a major security breach.

As a result of these challenges, Kucoin is trying to improve its Know Your Customer (KYC) checklist. This will require gathering more information about its exchange users and their operations. On-chain data by Cryptoquant has revealed that the exchange’s reserves have dropped 77.6% following a mandatory KYC policy.

 

Source: X

 

Bitcoin reserves have dropped from 18,300 BTC to 4,100 BTC, a 14,200 BTC outflow.  This is a significant outflow from a major exchange in the crypto market.

The drop in BTC reserves suggests that users have been reacting to strict compliance requirements and could be shifting to cold storage or other platforms. This is because privacy concerns and custodial risks are major considerations for crypto investors and enthusiasts on crypto service platforms.

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Ripple Donates $25M in RLUSD to Boost U.S Education and Financial Literacy

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Ripple has pledged to donate $25 million in $RLUSD to support U.S education and nationwide initiatives focused on financial literacy.

 

Following its recent launch, Ripple’s dollar-pegged stablecoin, RLUSD, is finding its utility in mainstream educational initiatives, moving beyond crypto payments. In the past month, Ripple has portrayed impressive aggression to dominate the stablecoin market and advance crypto utility in everyday life.

According to recent reports, the company has pledged to support education in the U.S through classrooms, educators, and financial literacy initiatives. The donation will come in terms of RLUSD worth $25 million. This move could boost blockchain education, adoption, and bridge digital finance with practical applications.

How does this Impact Ripple and Crypto?

Ripple’s move is a message to the world that blockchain is beyond technology and is about people and financial freedom for all. This will also boost global perspective regarding crypto and blockchain adoption. For Ripple, this comes as a boost to RLUSD adoption boosting circulation.

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