A high court in Nigeria has reportedly granted the country&#8217;s Economic and Financial Crimes Commission (EFCC) the authority to arrest six individuals who were allegedly involved in investment fraud at a cryptocurrency exchange. According to an April 24 report from Nigerian news outlet The Cable, the Federal High Court in Abuja approved the arrest and detention of six people who promoted the Crypto Bridge Exchange (CBEX), allegedly defrauding investors out of 1 billion naira, or roughly $620,000. The suspects in the cases did not appear to have been arrested at the time of publication. &#8220;[The defendants used] their company ST Technologies International Limited, promoted another company Crypto Bridge Exchange by making adverts, and lured unsuspecting members of the public to invest cryptocurrencies on the CBEX investment platform,&#8221; the EFCC reportedly said in its motion for the arrest. The legal case marked another instance of Nigeria cracking down on representatives of crypto exchanges in the country. In February 2024, Nigerian authorities detained and arrested two Binance executives who were visiting to discuss the exchange&#8217;s activities. _**Related:**__**Nigeria still open to crypto business despite rocky past: Report**_ In April, many CBEX users began reporting that they could not withdraw their funds from the exchange, resulting in online outrage that led to real-world violence. A group of investors stormed CBEX&#8217;s local office in Ibadan, looting items like the air conditioning unit in an apparent attempt to recuperate some of their losses. ## The case against Binance is still on The Nigerian case against Binance, in which a US citizen, Tigran Gambaryan, was detained and whose health reportedly deteriorated as he waited in prison, drew criticism from many in the crypto industry and US lawmakers. He was held for eight months on tax and money laundering charges before being released to US custody. Nigeria&#8217;s tax evasion case against Binance continues to move forward after Gambaryan&#8217;s release, though the exchange has no office in the country. Cointelegraph reached out to a representative from Nigeria&#8217;s Ministry of Information for comment but did not receive a response at the time of publication. _**Magazine:**__**Financial nihilism in crypto is over &#8212; It&#8217;s time to dream big again**_

Nigerian court green lights arrest for six CBEX promoters — Report

**Key points:**
 * Bitcoin price pushed above $95,000, increasing the chance of a rally to $100,000.
 * Institutional investor demand is back, suggesting that the bearish trend could be over.
 * Select altcoins could break above their respective overhead resistance levels if Bitcoin remains strong
Bitcoin (BTC) bulls are trying to sustain the price above $95,000, but they 
are likely to face significant resistance from the bears. Will buyers succeed 
in pushing the price toward the psychologically important level of $100,000, 
or is a pullback around the corner? That is the big question on the traders&#8217; 
minds.
A positive sign is that inflows for US spot Bitcoin exchange-traded funds have 
increased since April 21, per Farside Investors data. Coinbase Institutional 
head of strategy John D&#8217;Agostino said in a recent interview with CNBC that 
several institutions purchased Bitcoin in April to hedge against currency 
inflation and macro uncertainty as Bitcoin mirrors &#8220;the characteristics of 
gold.
_Crypto market data daily view. Source:__Coin360_
However, some analysts doubt the sustainability of the current Bitcoin rally. 
One of the red flags is that the sentiment, as measured by the Crypto Fear &amp; 
Greed Index, slipped from a score of 72 out of 100 on April 23 to 60 on April 
25, though Bitcoin is trading close to $95,000. Select analysts expect Bitcoin 
to pullback toward $87,000.
Could Bitcoin sustain above $95,000, triggering buying in altcoins? Let&#8217;s 
analyze the charts of the top 10 cryptocurrencies to find out.
## Bitcoin price prediction
Bitcoin has been trading near the $95,000 level, suggesting that the bulls are 
holding on to their positions as they anticipate a move higher.
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day exponential moving average ($87,437) is sloping up, and the 
relative strength index (RSI) is near the overbought zone, signaling that the 
bulls are in command. A close above $95,000 could drive the BTC/USDT pair to 
$100,000.
Sellers will try to halt the up move at $100,000, but if the bulls do not 
allow the price to dip below $95,000, the prospects of a break above the 
overhead resistance increase. The pair may then climb to $107,000. The bears 
will have to yank the price below the moving averages to regain control.
## Ether price prediction
Ether&#8217;s (ETH) relief rally is facing resistance at the 50-day SMA ($1,812), 
but a positive sign is that the bulls have not allowed the price to dip below 
the 20-day EMA ($1,696).
_ETH/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day EMA is flattish, but the RSI has jumped into the positive zone, 
signaling a slight advantage to the bulls. If the 50-day SMA is scaled, the 
ETH/USDT pair could reach the breakdown level of $2,111. The bears may pose a 
strong challenge at $2,111, but if the bulls overcome it, the pair could 
skyrocket to $2,550.
Sellers are likely to have other plans. They will try to pull the price below 
the 20-day EMA. If they can pull it off, the pair could tumble toward $1,537.
## XRP price prediction
XRP (XRP) has been trading near the 50-day SMA ($2.18) for the past two days, 
indicating that the bears are fiercely defending the level.
_XRP/USDT daily chart. Source: Cointelegraph/TradingView_
A minor positive for the bulls is that they have not allowed the price to skid 
below the 20-day EMA ($2.13). The bulls will again try to propel the XRP/USDT 
pair to the resistance line, which is a critical level to watch out for. The 
pair could rally to $3 if buyers pierce the resistance line.
On the downside, a break and close below the 20-day EMA suggests that the 
bears remain in charge. The downside momentum could pick up on a break below 
$2. The pair may then plummet to $1.60.
## BNB price prediction
BNB (BNB) turned down from $620 but is taking support at the moving averages. 
This suggests a change in sentiment from selling on rallies to buying on dips.
_BNB/USDT daily chart. Source: Cointelegraph/TradingView_
Buyers will try to push the price above $620. If they manage to do that, the 
BNB/USDT pair may rally to $644. Sellers will try to stall the up move at the 
$644 level, but if the bulls prevail, the pair could soar to $680.
This bullish view will be invalidated in the near term if the price turns down 
and breaks below the moving averages. That could sink the pair to $566, 
indicating that the markets have rejected the breakout above the downtrend 
line.
## Solana price prediction
Solana (SOL) is struggling to stay above the $153 level, indicating that the 
bears are active at higher levels.
_SOL/USDT daily chart. Source: Cointelegraph/TradingView_
The upsloping 20-day EMA ($136) and the RSI in the positive zone indicate that 
the bulls are in control. If buyers push and maintain the price above $153, 
the SOL/USDT pair could jump to $180.
The moving averages are the crucial support on the downside. A break and close 
below the 50-day SMA ($129) suggests that the pair could consolidate between 
$153 and $110 for a few days.
## Dogecoin price prediction
Dogecoin (DOGE) bounced off the 20-day EMA ($0.16) on April 24, indicating 
that the bulls are buying on dips.
_DOGE/USDT daily chart. Source: Cointelegraph/TradingView_
The DOGE/USDT pair could reach $0.21, which is a crucial resistance to watch 
out for. If buyers pierce the $0.21 level, the pair will complete a double- 
bottom pattern. This bullish setup has a target objective of $0.28.
Contrarily, if the price turns down and breaks below the moving averages, the 
pair may remain range-bound between $0.21 and $0.14 for a while. The advantage 
will tilt in favor of the bears on a break below the $0.14 support.
## Cardano price prediction
Cardano (ADA) closed above the 50-day SMA ($0.68) on April 23, signaling that 
the bears are losing their grip.
_ADA/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day EMA ($0.65) has started to turn up, and the RSI is in the positive 
zone, suggesting that the path of least resistance is to the upside. The 
ADA/USDT pair could rally to $0.83, where the bears may step in.
Any pullback is expected to find support at the 20-day EMA. If the price 
rebounds off the 20-day EMA, it signals a bullish sentiment. Sellers will have 
to drag the price below the 20-day EMA to sink the pair to $0.58.
_**Related:**__**SUI&#8217;s 73% weekly price gains top crypto market &#8212; New price 
record in reach?**_
## Sui price prediction
Sui (SUI) picked up momentum after buyers pushed the price above the moving 
averages on April 22.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
The rally of the past few days has pushed the RSI into the overbought 
territory, suggesting a minor consolidation or correction in the next few 
days. Any pullback is expected to find support in the zone between the 38.2% 
Fibonacci retracement level of $3.14 and the 50% retracement of $2.94.
A shallow pullback increases the possibility of a rally to $4.25 and then to 
$5. Sellers will be back in the driver&#8217;s seat if they pull the SUI/USDT pair 
below $2.86.
## Chainlink price prediction
Chainlink (LINK) has started a recovery, which is expected to face strong 
selling at the overhead resistance of $16.
_LINK/USDT daily chart. Source: Cointelegraph/TradingView_
If the price turns down from $16, it is expected to find support at the 20-day 
EMA ($13.53). A solid bounce off the 20-day EMA increases the likelihood of a 
break above $16. The LINK/USDT pair may then climb to the resistance line of 
the descending channel pattern. A break above the channel signals a potential 
trend change.
Sellers will have to tug the price below the moving averages to regain 
control. The pair may then drop to $11.89 and eventually to the support line.
## Avalanche price prediction
Avalanche (AVAX) is facing resistance at the overhead resistance of $23.50, 
but a positive sign is that the bulls have not ceded much ground to the bears.
_AVAX/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day EMA ($20.22) has started to turn up, and the RSI is in the positive 
territory, indicating that buyers have the edge. If the price breaks and 
closes above $23.50, the AVAX/USDT pair will complete a double-bottom pattern. 
That could open the doors for a rally to the pattern target of $31.73.
Alternatively, if the price turns down and breaks below the moving averages, 
the pair could remain stuck inside the $23.50 to $15.27 range for a few days.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Price predictions 4/25: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

XRP is gearing up for a surge to $120, according to popular crypto analyst 
EGRAG CRYPTO. Taking to social media platform X, the analyst shared a fresh 
chart detailing a bullish outlook for XRP, suggesting that the cryptocurrency 
is retracing a path similar to its explosive 2017 rally. This time, however, 
the trajectory could be even more dramatic, as the chart accompanying his post 
outlines a long-term Elliott Wave formation that points first to $27 and 
eventually to a staggering $120 price tag. Echoes of 2017: XRP Retracing Cycle 
That Took Price To All-Time High The 2017 bull cycle is one of the most iconic 
periods in XRP’s history. It was during this phase that the price of XRP 
rallied from under $0.01 to an all-time high of $3.84, driven by a broader 
crypto market bubble, exchange listings, and speculation surrounding Ripple’s 
adoption among financial institutions. Related Reading: XRP Outflows Cross 
$300 Million In April, Why The Price Could Crash Further The rally followed a 
classic Elliott Wave impulse structure, with five distinct waves characterized 
by short consolidations before each major leg upward. By early 2018, the 
bubble had popped, and XRP, like the rest of the crypto market, entered into a 
prolonged bear phase. EGRAG CRYPTO’s post implies that XRP is now following a 
similar pattern to the one in 2017. Particularly, the analyst noted that XRP 
is currently in the process of forming its second wave, which is a retracement 
of the bullish impulse Wave 1. This impulse Wave 1 is characterized by XRP&#8217;s 
surge to $3.4 between Q4 2024 and January 2025. Wave 2, on the other hand, is 
characterized by the price correction since January, which has sent the XRP 
price back to trading around $2. Now, the next step is for wave 3 to begin 
formation. Based on traditional Elliott Wave ratios, this wave tends to extend 
aggressively, often measuring 161.8% of Wave 1. According to EGRAG, XRP&#8217;s 
price is expected to end Wave 3 above double digits sometime in summer 2025. 
It is at this point that the analyst predicted a top out around $27, nearly 
ten times its current trading price. Following that, his outlook anticipates a 
lengthy Wave 4 correction lasting several years, setting the stage for a final 
Wave 5 extension that could see XRP break into triple digits. The $120 Long- 
Term Target In his projection, the $27 level will mark the completion of Wave 
3, followed by a Wave 4 correction that could potentially span three years. 
This correction would be brutal and cause the XRP price to reach a bottom 
around $5.50. Related Reading: XRP Price In April: The Lows, The Highs, And 
Final Blast-Off After this consolidation phase, the ensuing Wave 5 formation 
will catapult XRP to new highs again and go on the same measured move as Wave 
1 or 61.8% of Wave 1 + Wave 3. If this plays out as EGRAG expects, XRP would 
break into triple-digit territory and ultimately peak around $120. At the time 
of writing, XRP is trading at $2.19, up by 2% in the past 24 hours. Reaching 
the $27 and $120 price targets would translate to 1,132% and 5,380% increases, 
respectively, from the current price. Featured image from Adobe Stock, chart 
from Tradingview.com

Crypto Analyst Says XRP Price Is Mirroring 2017 Cycle, “$27 Then $120”

CEO and founder Jack Mallers revealed the numbers on Friday when he posted a 
copy of a private letter previously sent to the company’s investors. Strike&#8217;s 
Growth Exploded 600% Last Year Perhaps the reason Jack Mallers was picked to 
lead Twenty One Capital, the new bitcoin treasury firm backed by stablecoin 
giant Tether and Japanese […]

Bitcoin Payments Firm Strike Grew 600% in 2024

Though the identities of many of the top holders of US President Donald 
Trump&#8217;s memecoin were still unknown, blockchain data showed significant 
outflows over the past seven days &#8212; during which time he announced a dinner 
and White House tour for certain tokenholders.
According to data from blockchain analytics firm Nansen as of April 25, the 
TRUMP memecoin had seen more than $869 million in outflows in the last seven 
days compared to roughly $96 million in inflows among the top 500 changes. 
Some of the changes followed Trump announcing that the top 220 TRUMP holders 
could apply to meet him at a golf club dinner in Washington, DC, with fewer 
opportunities for a White House tour.
&#8220;It&#8217;s clear that more people took the opportunity to offload their Trump 
tokens than new buyers came in,&#8221; said Nansen. &#8220;There still appears to be some 
interest &#8212; either A) to secure the dinner ticket, or B) to capitalize on 
price volatility. As a result, a few new wallets have entered the top 250 
holders, while some previous holders seem to have taken the opportunity to 
exit their positions.&#8221;
_Top TRUMP memecoin holders as of April 25. Source: TRUMP token_
Launched in January before Trump took office, his memecoin, and that of his 
wife, Melania, have seen criticism from US lawmakers and leaders in the crypto 
industry for potential conflicts of interest. At the time of publication, the 
identity of many of the top tokenholders and those who might apply to attend 
the dinner were unknown.
## Who is investing in Trump&#8217;s memecoin?
As of April 25, the top tokenholder had 1,176,803 TRUMP memecoins worth 
roughly $16 million at the time of publication. The wallet holder, under the 
username &#8220;Sun,&#8221; had led to speculation that Tron founder Justin Sun &#8212; a Trump 
supporter and investor in the Trump family-backed crypto firm World Liberty 
Financial &#8212; could be among the dinner attendees. Cointelegraph reached out to 
Sun&#8217;s team for comment but had not received a response at the time of 
publication.
_**Related:**__**Trump memecoin team denies $300K dinner requirement rumors**_
Other tokenholders included usernames like &#8220;elon&#8221; and &#8220;doge,&#8221; though it was 
unclear if Tesla CEO Elon Musk, also a Dogecoin (DOGE) advocate, was involved 
in the project. The team behind the TRUMP token controls 80% of the total 
supply, resulting in many critics suggesting the Trump or someone in his 
family could still rug-pull investors.
Before the 2024 election, Trump arranged a similar dinner at his Mar-a-Lago 
property in Florida with supporters who purchased non-fungible tokens 
depicting his mugshot during his arrest for allegedly attempting to subvert 
the results of the 2020 election. It&#8217;s unclear whether any of the same people 
who attended the May 2024 event are among the top TRUMP memecoin holders.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

Traders still offloading TRUMP holdings after dinner announcement — Nansen

North Korean cyber operatives reportedly established two fake U.S. businesses 
using false identities to bypass Treasury sanctions and target cryptocurrency 
developers with malware. Hackers Target Unsuspecting Job Applicants North 
Korean cyber operatives reportedly set up two fraudulent businesses in the 
United States, evading Treasury sanctions to infect cryptocurrency developers 
with malware. The entities, Blocknovas LLC […]