Coinbase says a Senate deal on stablecoin rewards may clear the CLARITY Act’s 
path to markup after months of bank and crypto disputes today.

Coinbase says a Senate deal on stablecoin rewards may clear the CLARITY Act’s path to markup after months of bank and crypto disputes today.

Coinbase says crypto bill deal clears Senate path

This steady drip of ETF outflow continues to add to the supply side without a 
visible demand offset, said Glassnode.

This steady drip of ETF outflow continues to add to the supply side without a visible demand offset, said Glassnode.

Bitcoin in ‘high-risk zone’ as ETF outflows signal institutional exit: Swissblock

The ECB&#8217;s rate hike signals a shift towards combating entrenched inflation, 
impacting liquidity and increasing volatility in risk assets.
The post European Central Bank should raise rates in June, says Schnabel 
appeared first on Crypto Briefing.

The ECB&#8217;s rate hike signals a shift towards combating entrenched inflation, impacting liquidity and increasing volatility in risk assets. The post European Central Bank should raise rates in June, says Schnabel appeared first on Crypto Briefing.

European Central Bank should raise rates in June, says Schnabel

As Bitcoin (BTC) recovers from its recent drop below the $75,000 support, some 
market observers outline the key levels that will define the direction of the 
flagship crypto’s next major move. Related Reading: Dogecoin Millionaires Are 
On The Move Again, Here’s What They’re Doing Now Bitcoin Between Two Crucial 
Levels Over the weekend, Bitcoin fell roughly 4.5% amid geopolitical tensions, 
reaching a one-month low of $74,289 before recovering. On Monday, the leading 
cryptocurrency surged another 1.6%, jumping back above $77,000. Amid this 
performance, Ali Martinez outlined two crucial price levels that will 
determine whether BTC “launches into its next major expansion phase, or if it 
extends its current value reset to offer a premier buying opportunity.” The 
analyst explained that Bitcoin has been in a consolidation phase since the 
February crash, moving within a channel throughout this structural reset, 
allowing the market to build liquidity “before its next definitive move.” 
Notably, BTC is near the upper boundary of its channel following a recent 
rejection at the crucial $82,500 resistance. Martinez noted that buyer 
conviction has been aggressively scaling up as the price tests this level, 
with derivatives traders heavily positioning for a breakout, and funding rates 
recently hitting 0.4%, the highest level in over two months. He previously 
explained that when funding rates climb this high, it signals that the 
derivatives market is “completely dominated by aggressive buyers,” and 
“traders are willing to pay a hefty premium just to maintain their long 
positions” as the predominant market bias remains significantly tilted toward 
an upcoming expansion. Meanwhile, on-chain data shows that some of the largest 
whales have been using this tight range to “rebalance their portfolios,” 
redistributing over 18,447 Bitcoin, worth roughly $1.42 billion. “This supply 
consolidation has placed BTC between resistance at $78,258 and support at 
$75,733,” he stated. Therefore, reclaiming this resistance could trigger a 
rally to $84,569, while losing the key support could send Bitcoin to $66,898. 
More Pain To Come? Other market observers also highlighted the $75,000 and 
$78,000 as the crucial levels in the short and mid-term. Daan Crypto trades 
emphasized that the Bitcoin bull market support band is currently between 
these levels. As BTC has failed to hold the upper boundary of this band as 
support for two consecutive weeks, Daan affirmed that bulls “need to keep 
holding (…) to keep this short/mid timeframe momentum in their favor.” He 
previously warned that falling below the $75,000-$76,000 area and weekly 
closes below it would suggest that the April-May recovery rally was “just a 
big deviation/dead cat bounce.” Meanwhile, Merlijn The Trader noted that 
Bitcoin has been rejected from the 200-Day Moving Average (MA). According to 
the post, this is the same level that capped the 2022 bull trap, which led to 
a 40% correction from that area. Like the other analysts, he affirmed that 
losing the $75,000–76,000 zone would accelerate the move to new lows, with an 
initial target of $67,000, where a CME Gap is located. He also pointed out 
that BTC’s tops tend to end the same way: three bumps on the 21-week SMA 
followed by the market lows Related Reading: HYPE Rally Accelerates Above $60 
As High-Profile Whale Quietly Builds His Position The trader observed that 
after reaching its $69,000 cycle peak in 2021, Bitcoin retested the 21-week 
SMA on three occasions during its correction before reaching its bear market 
bottom. This time, BTC has retested this key indicator twice, suggesting that 
another drop to the “real bottom,” near $50,000, could follow in the coming 
months, if history repeats. Featured Image from Unsplash.com, Chart from 
TradingView.com

As Bitcoin (BTC) recovers from its recent drop below the $75,000 support, some market observers outline the key levels that will define the direction of the flagship crypto’s next major move. Related Reading: Dogecoin Millionaires Are On The Move Again, Here’s What They’re Doing Now Bitcoin Between Two Crucial Levels Over the weekend, Bitcoin fell &#8230;

Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says

Solana failed to stay above $86 and corrected some gains. SOL price is now 
consolidating and might aim for another increase if it stays above $82.50. SOL 
price started a downside correction below $85 against the US Dollar. The price 
is now trading below $85 and the 100-hourly simple moving average. There is a 
declining channel forming with support at $82.50 on the hourly chart of the 
SOL/USD pair (data source from Kraken). The pair could extend losses if it 
dips below the $82.50 zone. Solana Price Dips Again Solana price failed to 
stay above $86 and started a downside correction, like Bitcoin and Ethereum. 
SOL dipped below $85 and $84 to enter a short-term bearish zone. There was a 
move below the 50% Fib retracement level of the upward wave from the $81.37 
swing low to the $87.39 high. The price even tested the $83.65 support. 
Besides, there is a declining channel forming with support at $82.50 on the 
hourly chart of the SOL/USD pair. Solana is now trading below $85 and the 
100-hourly simple moving average. On the upside, the price is facing 
resistance near the $85.50 level. The next major resistance is near the $86 
level. The main resistance could be $87.40. A successful close above the 
$87.40 resistance zone could set the pace for another steady increase. The 
next key resistance is $92. Any more gains might send the price toward the $95 
level. Downside Break In SOL? If SOL fails to rise above the $86 resistance, 
it could start another decline. Initial support on the downside is near the 
$83.50 zone and the 61.8% Fib retracement level of the upward wave from the 
$81.37 swing low to the $87.39 high. The first major support is near the 
$82.50 level. A break below the $82.50 level might send the price toward the 
$80 support zone. If there is a close below the $80 support, the price could 
decline toward the $75 support in the near term. Technical Indicators Hourly 
MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours 
RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. 
Major Support Levels – $83.50 and $82.50. Major Resistance Levels – $85.50 and 
$87.40.

Solana failed to stay above $86 and corrected some gains. SOL price is now consolidating and might aim for another increase if it stays above $82.50. SOL price started a downside correction below $85 against the US Dollar. The price is now trading below $85 and the 100-hourly simple moving average. There is a declining &#8230;

Solana (SOL) Trims Recent Gains, Market Sentiment Turns Fragile Again

Escalating tensions and military actions may hinder diplomatic efforts, 
reducing prospects for peace and affecting regional stability.
The post Israel targets Hezbollah leader amid rising Beirut tensions appeared 
first on Crypto Briefing.

Escalating tensions and military actions may hinder diplomatic efforts, reducing prospects for peace and affecting regional stability. The post Israel targets Hezbollah leader amid rising Beirut tensions appeared first on Crypto Briefing.

Coinbase says crypto bill deal clears Senate path

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