Franklin Templeton has received approval from Singapore&#8217;s central bank to 
launch a tokenized money market fund, the first of its kind for retail 
investors in the country. The move marks a significant step in integrating 
blockchain with traditional finance. Regulatory Greenlight for Blockchain- 
Based Money Market Fund by Franklin Templeton Franklin Templeton has secured 
regulatory approval […]

Franklin Templeton Launches Singapore’s First Tokenized Fund for Retail Investors

Fresh on-chain data suggests that despite Bitcoin (BTC) trading close to its 
all-time high (ATH), long-term holders (LTHs) are not offloading their 
holdings. Instead, these investors are continuing to accumulate the world’s 
largest cryptocurrency by market capitalization, signaling their confidence in 
further price gains in the coming weeks. Long-Term Bitcoin Holders Are Not 
Selling Yet According to a recent CryptoQuant Quicktake post by contributor 
ShayanMarkets, profit-taking among long-term holders remains relatively low, 
even as BTC trades near its ATH. Historically, profit-taking activity tends to 
increase significantly when Bitcoin approaches its previous high, as many 
investors look to lock in gains. However, that has not been the case in the 
current market cycle. Related Reading: Bitcoin Retail Demand Rises 3.4% As 
Small Investors Return To The Market – New ATH Soon? The analyst highlighted 
that Bitcoin consolidating near ATH levels typically results in significant 
profit realization by market participants. Yet, current data reveals that LTH 
&#8211; those who have held BTC for more than 150 days &#8211; have not begun large-scale 
profit-taking. Specifically, the LTH Spent Output Profit Ratio (SOPR) metric 
is heading downwards even when BTC continues to steadily surge toward a new 
ATH around $109,000. The analyst explains: This decline suggests that long- 
term holders have not yet engaged in notable profit-taking. Instead, they 
appear to be accumulating, signaling confidence in higher price targets and 
anticipating new all-time highs. In essence, the ongoing BTC consolidation 
phase seems to be driven more by short-term holders (STHs) and retail traders. 
Historically, these investor segments are more reactive to price swings, 
responding swiftly to both upward and downward movements. The analyst further 
stated that Bitcoin is likely to resume its bullish trend following this 
period of consolidation. If history repeats itself, the next upward movement 
could propel BTC to new record highs in the mid-term. Analysis from fellow 
CryptoQuant contributor BlitzzTrading supports this outlook. BlitzzTrading 
observed that BTC whales &#8211; wallets holding significant Bitcoin holdings &#8211; have 
taken much less profit compared to previous bull runs. This behavior suggests 
a long-term investment mindset among whales, aligning them more closely with 
LTHs than retail traders or short-term speculators. It’s fair to say that BTC 
whales are typically long-term investors, often holding their positions 
through market cycles, unlike smaller holders who tend to trade more 
frequently. BTC May Follow Gold’s Historic Price Action Interestingly, 
comparisons are now being drawn between Bitcoin and gold. Gold has seen 
impressive gains over the past two years, rising from around $1,800 per ounce 
in mid-2023 to about $3,200 per ounce today &#8211; an increase of nearly 75%. 
Related Reading: Bitcoin Investors Are Taking Profits Aggressively – Signs Of 
A Local Top? Crypto analyst Cryptollica recently remarked that BTC is likely 
to follow gold’s footsteps and experience similar extraordinary gains in 2025. 
The analyst forecasted that BTC may surge as high as $155,000 this year. 
Similarly, the Bitcoin Bull-Bear Market Cycle indicator is pointing toward the 
continuation of bullish momentum for the apex cryptocurrency. At press time, 
BTC trades at $101,852, down 1.5% in the past 24 hours. Featured image from 
Unsplash, charts from CryptoQuant and Tradingview.com

Bitcoin Near ATH, But Long-Term Holders Aren’t Selling – More Upside Ahead?

Ethereum price corrected gains and tested the $2,500 zone. ETH is now again 
rising and might soon aim for a move above the $2,600 zone. Ethereum started a 
correction from the $2,740 zone and tested $2,500. The price is trading above 
$2,520 and the 100-hourly Simple Moving Average. There is a key declining 
channel or a possible bullish flag forming with resistance at $2,575 on the 
hourly chart of ETH/USD (data feed via Kraken). The pair could gain strength 
if it clears the $2,600 resistance in the near term. Ethereum Price Eyes 
Upside Break Ethereum price struggled to clear the $2,740 resistance and 
started a downside correction, like Bitcoin. ETH traded below the $2,700 and 
$2,650 support levels. The bears were able to push the price below the 50% Fib 
retracement level of the upward move from the $2,415 swing low to the $2,735 
high. The price even spiked below the $2,520 level, but the bulls were active 
near the $2,500 zone. The price found support near the 76.4% Fib retracement 
level of the upward move from the $2,415 swing low to the $2,735 high. Ether 
is again rising from the $2,500 zone. Ethereum price is now trading above 
$2,520 and the 100-hourly Simple Moving Average. On the upside, the price 
seems to be facing hurdles near the $2,575 level. There is also a key 
declining channel or a possible bullish flag forming with resistance at $2,575 
on the hourly chart of ETH/USD. The next key resistance is near the $2,600 
level. The first major resistance is near the $2,650 level. A clear move above 
the $2,650 resistance might send the price toward the $2,735 resistance. An 
upside break above the $2,735 resistance might call for more gains in the 
coming sessions. In the stated case, Ether could rise toward the $2,800 
resistance zone or even $2,920 in the near term. Another Decline In ETH? If 
Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. 
Initial support on the downside is near the $2,525 level. The first major 
support sits near the $2,500 zone. A clear move below the $2,500 support might 
push the price toward the $2,420 support. Any more losses might send the price 
toward the $2,350 support level in the near term. The next key support sits at 
$2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above 
the 50 zone. Major Support Level – $2,500 Major Resistance Level – $2,600

Ethereum Price Holding Strong — Signs Point to a New Upside Breakout

Bitcoin price started a fresh increase and cleared the $103,500 zone. BTC is 
now consolidating and might aim to clear the $105,000 zone. Bitcoin started a 
fresh upward move from the $101,500 zone. The price is trading above $103,000 
and the 100 hourly Simple moving average. There was a break above a connecting 
bearish trend line with resistance at $103,950 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if 
it clears the $105,000 resistance. Bitcoin Price Aims Higher Bitcoin price 
started a fresh increase from the $101,500 support zone. BTC formed a base and 
was able to clear the $102,500 resistance zone. The bulls even pushed the 
price above $103,200. There was a move above the 50% Fib retracement level of 
the downward move from the $104,980 swing high to the $101,441 low. Besides, 
there was a break above a connecting bearish trend line with resistance at 
$103,950 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above 
$103,200 and the 100 hourly Simple moving average. On the upside, immediate 
resistance is near the $104,150 level or the 76.4% Fib retracement level of 
the downward move from the $104,980 swing high to the $101,441 low. The first 
key resistance is near the $105,000 level. The next key resistance could be 
$105,500. A close above the $105,500 resistance might send the price further 
higher. In the stated case, the price could rise and test the $106,500 
resistance level. Any more gains might send the price toward the $108,000 
level. Another Decline In BTC? If Bitcoin fails to rise above the $104,200 
resistance zone, it could start another correction in the short term. 
Immediate support on the downside is near the $103,200 level and the 100 
hourly Simple moving average. The first major support is near the $102,500 
level. The next support is now near the $101,500 zone. Any more losses might 
send the price toward the $100,000 support in the near term. The main support 
sits at $98,800, below which BTC might gain bearish momentum. Technical 
indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 
level. Major Support Levels – $102,500, followed by $101,500. Major Resistance 
Levels – $104,200 and $105,000.

Bitcoin Price Looks Upward — Is the Next Leg Higher Starting?

Mastercard is unleashing stablecoin utility worldwide, enabling real-time 
crypto-to-fiat spending at 150 million locations through its partnership with 
Moonpay and API-powered cards. Mastercard Unlocks Stablecoin Spending at 150 
Million Places via Moonpay Mastercard and Moonpay announced on May 15 a global 
partnership designed to integrate stablecoins into everyday transactions 
through a new line of branded […]

Cryptocurrency price in BDT