Bitcoin has surged on the back of a textbook short squeeze, but now finds itself at a decisive resistance zone. Will it break out or roll over? Bitcoin’s (BTC) recent price action has caught many off guard, with a powerful…

Bitcoin short squeeze rally meets heavy resistance: what comes next?

Morgan Stanley is gearing up to offer direct crypto trading on E*Trade, 
signaling a seismic shift as Wall Street embraces bitcoin amid a more 
favorable regulatory environment in the United States. Morgan Stanley Plans 
E*Trade Crypto Launch Global investment bank Morgan Stanley is preparing to 
introduce cryptocurrency trading to its E*Trade platform, Bloomberg reported 
on […]

Morgan Stanley to Bring Spot Crypto Trading to E*Trade Amid US Crypto Policy Shift

Polygon&#8217;s price action over the past week has been characterized by a moderate 
pullback following what initially appeared to be a decisive breakout above the 
$0.20 level. This dip, rather than signaling weakness, may in fact represent a 
healthy retracement as the cryptocurrency prepares for a new upward move. The 
price structure appears bullish on higher timeframes, especially after POL 
recently rebounded off the lower boundary of a long-term descending channel. 
According to a crypto analyst, Polygon could be on the verge of an explosive 
rally toward the $1 mark. Classic Bullish Divergence Points To Imminent 
Breakout According to technical analyst MasterAnanda on TradingView, the 
Polygon ecosystem token (POLUSDT) is currently flashing one of the strongest 
technical reversal signals in the form of a textbook bullish divergence on the 
3-day chart. Price action hit a new low on April 7, 2025, but the Relative 
Strength Index (RSI) had already bottomed earlier in July 2024 and has since 
been forming higher lows. Related Reading: Polygon (MATIC) To Come back From 
The Dead As Ascending Triangle Appears As noted by the analyst, this mismatch 
between the price and the momentum indicator is a classic signal that the 
downtrend may be losing steam. The signal is reinforced by the recent increase 
in volume and the broader bullish recovery observed across the cryptocurrency 
market. Zooming in on the 3-day chart structure, POLUSDT experienced a notable 
rebound after reaching its low on April 7. The price climbed steadily to 
$0.267 by April 22 before encountering resistance. What followed were two 
successive bearish candlesticks that appeared to trace a measured pullback, 
likely a retest of the upper boundary of the descending channel. This movement 
is significant because retests of this nature often precede major breakouts. 
Keeping this in mind, the analyst predicted a successful bounce from the 
trendline support, which could start a sustained rally toward $1. Polygon To 
$1: Window Of Opportunity Narrowing Analyst MasterAnanda noted that the 
current price action is merely a calm before a massive move. “The market is 
giving us one last chance to buy all we want before massive growth,” the 
analyst said, implying that a strong impulsive wave could be next. The RSI is 
currently in the mid-40s, and if the bullish setup plays out, a swift move to 
the 70+ zone could occur. Related Reading: Polygon Price Risks Plunge With 90 
Million MATIC Tokens Selling At $0.5 In terms of a price target, the analyst 
predicted a full recovery above $1 with a specific target of $1.15. This would 
mark a full recovery for POL holders who have been holding throughout the 
downturn in 2025. This level corresponds to the 1.618 level on the Fib 
extension projected from the April 7 low. The Fibonacci extension levels 
plotted on the chart show other smaller price targets on the way to $1.15. 
Most notable are the $0.461 and $0.534 regions, representing the 0.5 and 0.618 
extension levels, respectively, which could serve as interim consolidation 
zones. At the time of writing, Polygon is trading at $0.2420. Featured image 
from Adobe Stock, chart from Tradingview.com

Last Chance For Polygon As Crypto Analyst Predicts MATIC Price Will Surge Above $1 Again

The new entity will raise up to $250 million in capital with the sole purpose 
of accumulating bitcoin. Metaplanet Launches U.S. Operations With New 
Subsidiary Metaplanet, the Japanese bitcoin treasury firm that pivoted away 
from hotel development last year, has entered the U.S. market and set up a new 
wholly-owned subsidiary in Miami, Florida, according […]

Metaplanet Enters US Market With New Subsidiary

The final week of April delivered a jolt of optimism to a crypto market that 
has spent most of the year wrestling with macro cross-currents. Bitcoin’s 
resilience above the psychological $90,000–$95,000 level, an unexpected surge 
in stablecoin issuance and a swarm of textbook bullish patterns across large- 
caps and meme names have converged to create what veteran chartist Josh 
Olszewicz calls “one of the cleanest multi-asset breakout tapes we’ve seen 
since late 2023.” Crypto Bull Run Back? Olszewicz’s argument begins and ends 
with liquidity. Two consecutive one-billion-dollar Tether mints on 29 April 
pushed combined USDT + USDC supply to a fresh all-time high, an event he 
frames as an unequivocal tailwind for speculative assets. “Tether’s been 
printing, printing, and minting, baby,” he said, emphasising that the dual $1 
billion tranches arrived alongside a clear premium in the USDT/USD pair on 
Kraken—evidence, in his view, of real demand rather than opportunistic 
treasury rebalancing. “Typically that means people are deploying it in alts. 
That’s why stable-coin mints—specifically Tether—[are] generally bullish for 
alts because people are using it to speculate.” The liquidity pulse arrives 
just as several macro obstacles appear to be receding. Bitcoin survived a 
negative-print US GDP release, sticky PCE inflation data and what Olszewicz 
called “some jobs numbers that came out this week,” without surrendering its 
three-month up-trend. Meanwhile gold has rolled over and the Dollar Index 
remains pinned near cycle lows, recreating the “everything-rally” backdrop 
that powered crypto’s late-2023 melt-up. Funding markets, however, are 
delivering a curious split: “We still have negative funding on the BTC side on 
crypto exchanges. We have positive funding in legacy land with futures. So 
that’s very bizarre right now, but so far so good.” Against that backdrop, 
Olszewicz drills into the Ichimoku-cloud mechanics that underpin his altcoin 
watch-list. The premise is as old as the indicator itself: a daily candle 
close inside the cloud accompanied by a bullish Tenkan-Kijun (TK) cross 
triggers a mean-reversion target to the opposing edge of the cloud. “All these 
trades are always the same. I never treat them differently,” he said. “You get 
a better entry… it’s just a game of probabilities.” The strategy sets clear 
invalidations—either the Kijun line or a lower-low—and provides what he 
characterises as Dow-theory mean-reversion framed through an Ichimoku lens. 
That formula is now flashing across a surprising breadth of assets. Solana And 
Curve Solana sits at the top of his list. The layer-one token has posted six 
consecutive red daily candles, sculpting the “right shoulder” of an inverted 
head-and-shoulders whose neckline rises toward $200. “What I’ve got to laser 
focus on is this potential edge-to-edge move,” he explained, noting that ideal 
entries would materialise between $140 and $120 but are not essential. “Within 
the next week or two, you should get a great signal on an entry here on SOL 
just from the cloud.” Related Reading: XRP Gains Ground in Weekly Crypto 
Inflows as Ethereum Continues Downtrend Curve, by contrast, is already in 
motion—up double-digits on a day when most altcoins bled. “Why is it up 10 
percent today and everything else is down? I don’t have a good answer for 
that,” he admitted. Yet the technical structure leaves little to interpret: a 
multi-month flat-bottom accumulation, a candle close inside the cloud near its 
lower boundary and a bullish TK cross. “You’re on your journey to somewhere up 
here—the other edge of the cloud,” he said, implying a measured-move objective 
near $1.20 that would represent a near-doubling from current levels. Ethereum 
And Litecoin Where Solana and Curve show imminent triggers, Ethereum remains 
the quintessential laggard, still chiselling out what Olszewicz labels a 
bottoming process. “It’s going to take ETH kicking and screaming to get 
started here […] but this is a bottom in process. Certainly may take you into 
June.” The calculus is familiar: traders intent on rotation may find better 
risk-adjusted returns elsewhere, returning to ETH only once its own daily 
cloud admits a candle close. Litecoin exhibits a similar dynamic, with an 
inverted head-and-shoulders outline that “feels a little early,” perhaps 
ripening by early June. FET, LINK, ALGO Fetch.ai breached the cloud on April 
23 and already sports a bullish TK cross, yet Olszewicz acknowledges it 
arrives “after two or three weeks of up-move,” reducing risk-reward. Related 
Reading: CoinGecko Q1 Report: Top 10 Crypto Exchanges See Spot Trading Volume 
Drop To $5.4 Trillion Chainlink shows a textbook right-shoulder still under 
construction—“alerts at fifteen,” he suggests—while Algorand edges toward a 
32-cent cloud target, one daily close away from confirmation. In each 
instance, the analyst reiterates that until the formal triggers print, the 
probability of follow-through remains statistically lower. DOGE, PEPE And WIF 
The most combustible corner of the market—the meme cohort—is, in his telling, 
already foreshadowing a retail return. Dogecoin intrigues him most. “Along 
with ENA, one of the best bang for your bucks is Doge,” he said, though he 
concedes the pattern needs another week to sculpt a complete right-shoulder. 
He is explicit about his trigger: “Give it another week or two and this is 
definitely one of the better-looking setups,” with attention fixed on the 
$0.175 area. PEPE presents fewer moving parts: it is inside the cloud with a 
bullish TK cross and a clear neckline at the Kijun. “If ETH even sneezes 
higher, I expect this to just be up twenty-five percent one day,” he said, 
while cautioning that a transitional “negative twenty percent day” could 
precede the pop. WIF, for its part, is “slamming against the cloud,” on the 
cusp of its own TK cross. Having retraced from $4.80 to current levels, it 
offers what he calls “a great-looking setup,” albeit one where “the greed in 
me always wants an entry down here”—a reference to a hypothetical bid parked 
at the cloud’s lower edge. BTC Dominance Bitcoin dominance, still pressing 
cycle highs, complicates the rotation narrative. “Does it really matter that 
you’re not all-in BTC if this is an extreme in dominance?” he asked 
rhetorically. His answer is temporal. Dominance mattered enormously at the 
October 2023 bottom, and he suspects it will matter again once it rolls over. 
“Come May, June, I think we will start to see the outperformance of the 
altcoins,” he predicts, but he tempers that with a blunt reminder: “It hasn’t 
made sense to sit in these BTC pairs.” The exception is Solana’s BTC chart, 
which mirrors the USD thesis with a half-formed inverted head-and-shoulders 
and a cloud target significantly higher. At press time, SOL traded at $151.90. 
Featured image created with DALL.E, chart from TradingView.com

Best Altcoins To Watch In May: Breakouts Are Brewing, Says Crypto Analyst

Tether, the company behind the world&#8217;s largest stablecoin by market 
capitalization, has released its financials for the first quarter of 2025, 
disclosing nearly $120 billion in exposure to US Treasurys and over $1 billion 
in operating profit.
According to Tether&#8217;s Q1 2025 financial report, the company&#8217;s assets include 
$98.5 billion in direct US Treasury bills, along with over $23 billion in 
additional exposure through repurchase agreements and other cash-equivalent 
assets.
_Excerpt from Tether &#8216;s Q1 2025 financial report. Source: __Tether_
According to the announcement, Tether holds $5.6 billion in excess of reserves 
for its USDt (USDT) stablecoin, down from $7.1 billion in excess from the last 
quarter of 2024. The stablecoin has a market capitalization of $149 billion as 
of May 1.
&#8220;Circulating supply of USDT grew by approximately $7 billion in Q1, with a 46 
million increase in user wallets,&#8221; it said.
The company&#8217;s excess capital continues to fund strategic investments, with 
more than $2 billion allocated in renewable energy, artificial intelligence, 
peer-to-peer communications, and data infrastructure.
The stablecoin market is broadly dominated by tokens pegged to the US dollar, 
with USDT and Circle&#8217;s USDC holding a combined 87% share. According to the US 
Treasury&#8217;s Q1 2025 report, the market cap for dollar-backed stablecoins is 
poised to reach $2 trillion by 2028.
European Union officials have recently raised concerns about the risks of 
overreliance on dollar-pegged stablecoins. According to the Bank of Italy, 
disruptions in the stablecoins market or the underlying bonds could have 
&#8220;repercussions for other parts of the global financial system.&#8221;
Magazine: Crypto wanted to overthrow banks, now it&#8217;s becoming them in 
stablecoin fight