New Hampshire has become the first U.S. state to authorize its treasurer to invest public funds in Bitcoin and other digital assets, marking a significant milestone for crypto policy at the state level. Governor Kelly Ayotte signed House Bill 302…

New Hampshire becomes first state to authorize Bitcoin and crypto investments

U.S. stocks fell sharply Tuesday as uncertainty over global trade negotiations 
and caution ahead of the Federal Reserve’s rate decision weighed on markets. 
The Dow Jones Industrial Average dropped 389.83 points, or 0.95%, while the 
S&amp;P 500 lost 0.77% and…

Dow drops 390 points as tariff uncertainty overshadows Fed meeting

Shiba Inu (SHIB) might have its price increase more than fivefold from where 
it is now, based on recent market analysis. The meme coin trades at 
$0.0000125, down 3% from its daily high and 9% within the last seven days. In 
spite of these latest plunges, an analyst is optimistic about SHIB&#8217;s 
prospects. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 
Million Sell-Off Price Target Suggests Whopping Gains Ahead Technical analyst 
Javon Marks reaffirms his earlier projection that Shiba Inu will most probably 
reach $0.000081 during the current cycle in the market. This goal is up 500% 
from the current price. Marks mentions SHIB&#8217;s bull run to $0.000033 in 
December 2024. Then, the price drops back to $0.000010, which according to the 
analyst, is &#8220;expected&#8221; and part of a healthy correction process. The token 
settled above $0.00002 as of the close in 2024, something Marks considers as 
validation of his technical perspective. Present price levels at $0.00001290 
now are what he terms a base for the anticipated higher move. We maintain our 
$0.000081 breakout target for $SHIB (Shiba Inu), projecting a nearly +500% 
uphill run to reach it… https://t.co/8OdILFYB5q pic.twitter.com/jTxSAGqiWA — 
JAVON⚡️MARKS (@JavonTM1) May 3, 2025 Technical Indications Suggest Hidden 
Bullish Divergence As per market reports, the chart of SHIB shows a trend 
called hidden bullish divergence. This occurs when prices create higher lows 
but technical indicators such as RSI (Relative Strength Index) or MACD (Moving 
Average Convergence Divergence) give lower lows. Marks infers this pattern is 
indicative of increasing buying pressure hidden beneath, contrary to apparent 
weakness in near-term momentum measures. The token remains above such key 
levels of support while also establishing higher price lows, adding to its 
technical strength. Buyers and sellers wait for a break from the sideways 
pattern of recent trading, something that may force prices upward when volume 
increases. Related Reading: BNB Bulls Target $644 As Classic Chart Formation 
Emerges Long-Term Holders Keep Growing Meanwhile, latest data indicates growth 
in SHIB investors with over one year holding the same. The segment has 
consistently increased since mid-2022 and continued to grow through early 
2025. Long-term holders grew during both price appreciation and depreciation, 
indicating steady accumulation during any market condition. An expanded 
foundation of long-term holders normally tames selling pressures, assisting 
with price support as well as other important support areas. The size of 
short-term traders (lesser than a month&#8217;s holders) declined by 35%. Holders 
with intermediate terms have risen by 3%. This change demonstrates 
deceleration towards short investment programs. Featured image from Unsplash, 
chart from TradingView

Shiba Inu Could Erupt 500%—Analyst Sounds The Alarm

XRP is trading at $2.14 with a market capitalization of $125 billion and a 
24-hour trading volume of $1.99 billion. The asset’s intraday price range 
extends from $2.09 to $2.16, reflecting cautious buying pressure within a 
narrow band of resistance and support. XRP On the 1-hour chart, XRP has shown 
a modest recovery from a […]

XRP Price Watch: Bulls Battle Resistance at $2.16 as Market Awaits Breakout

As the Federal Reserve&#8217;s Federal Open Market Committee convenes tomorrow, the 
crypto market appears to be at a crossroads, with investors keenly awaiting 
signals that could influence digital asset valuations. Currently, the 
consensus among analysts suggests a high probability that…

Federal Reserve meeting looms: Will Powell’s tone push Bitcoin higher?

**Key Takeaways:**
 * Data shows Bitcoin bulls opening margin long positions from $94,400.
 * A $189 million increase in Bitcoin futures open interest and a 15% increase in trading volume show sustained buying interest.
 * BTC momentum tends to slow before FOMC meetings and then turns volatile afterward. The same could happen following this week&#8217;s Federal Reserve statements.
Bitcoin (BTC) bulls are holding strong around the $94,500 level as the market 
awaits the Federal Open Market Committee (FOMC) meeting on May 7. Bitcoin 
analyst Axel Adler Jr. noted BTC&#8217;s price strength and pointed out a bullish 
cluster of long positions forming around $94,400 in the futures market. A 
similar cluster was observed at the end of April, which pushed BTC prices to 
$97,500.
_Bitcoin futures position dominance data. Source: X.com_
Similarly, Bitcoin futures open interest (OI) exhibited a swift increase of 
2,000 BTC, i.e., roughly $189 million, over the past few hours. A rise in OI 
and a 15% increase in aggregated volume imply consistent buying pressure 
despite the price dip.
The aggregated funding rate remains near neutral, indicating balanced 
sentiment between longs and shorts over the past eight hours. However, funding 
rates have fluctuated, with brief spikes to 0.018% on May 6, suggesting 
periodic optimism among leveraged traders.
_Bitcoin open interest, aggregated volume, funding rate and price. Source: 
Velo. chart_
MN Capital founder Michael van de Poppe also identified Bitcoin&#8217;s bounce and 
said that BTC could continue to recover in the markets. The analyst said,
&gt; &#8220;I think we&#8217;ll continue the grind on Bitcoin upward, the key factor here is 
&gt; whether Gold starts to correct after FOMC tomorrow, indicating that there&#8217;s 
&gt; the start of the business cycle.
_**Related: Bitcoin sell-off to $93.5K is a brief hiccup &#8212; Data still 
supports new BTC highs in 2025**_
## Bitcoin momentum stalls before FOMC
Swissblock, an investment management firm, revealed that Bitcoin&#8217;s momentum 
typically slowed down before the last five interest rate decisions, followed 
by a sharp increase in price volatility. In an analysis on X, the firm 
presented a chart tracking Bitcoin&#8217;s 25-day rate of change (ROC) from October 
2024 to May 2025.
Bitcoin&#8217;s price steadily climbed in the charts whenever the ROC trended up or 
went positive. It was mainly observed during October-November 2024, and 
recently in April 2025.
_Bitcoin price momentum around FOMC. Source: X.com_
Consequently, when the ROC tapers off, BTC corrects, an outcome observed in 
January-February 2025. Recent data indicates that the ROC remains on an 
uptrend in May 2025, which increases the possibility of a price gain for 
Bitcoin.
Swissblock emphasized that the FOMC meeting is a potential catalyst for 
Bitcoin&#8217;s next move, noting that the rate decision and Federal Reserve Chair 
Jerome Powell&#8217;s tone could spark volatility in financial markets.
_**Related: Bitcoin price rallied 1,550% the last time the &#8216;BTC risk-off&#8217; 
metric fell this low**_
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.