The incident highlights the growing risk of physical threats to individuals in the crypto industry, underscoring the need for enhanced security measures. The post Crypto tycoon&#8217;s daughter escapes kidnapping attempt in central Paris appeared first on Crypto Briefing.

Crypto tycoon’s daughter escapes kidnapping attempt in central Paris

XRP&#8217;s price action in the past seven days has been nothing short of 
impressive. The cryptocurrency reached above $2.6 again in the past 24 hours, 
the first time doing so since early March, about two months ago. This movement 
has aligned with the uptrend projected by multiple analysts, who are 
referencing Fibonacci levels to chart XRP’s future trajectory. Notably, a 
crypto analyst&#8217;s interesting outlook on social media platform X using 
Fibonacci levels suggests that XRP will reach $8.40 and $27 this cycle. 
Analyst Points To Fibonacci Targets At $8.40 and $27 XRP&#8217;s price structure in 
the current cycle has been significantly shaped by its breakout above a 
tightening wedge formation, which had compressed price action from 2021 
through the early months of 2024. This formation, clearly visible on the 
monthly candlestick timeframe, served as a multi-year consolidation zone that 
capped upward momentum and defined a range-bound market. Related Reading: XRP 
Price At $9 In September: Gann Angle Resistance Grid Predicts Surge The 
eventual breakout from this structure ended a prolonged bear market and began 
a fresh bullish phase. Although the past few months have been full of 
corrections and consolidations after XRP reached $3.31 in January, recent 
market momentum points to the next leg upward. A crypto analyst on social 
media platform X has pointed to two Fibonacci extension levels that could 
serve as the target zones during XRP’s next impulsive wave up. According to 
the analysis, XRP reached both its 1.272 and 1.618 Fibonacci extension targets 
in the last cycle after breaking from a similar multi-year wedge accumulation 
structure in 2017. Interestingly, this move in 2017, leading up to the current 
price action, is part of the same Elliott wave count structure. As shown in 
the chart, XRP launched from a low of $0.00310 in 2017 to an all-time high of 
$3.40 in 2018 during its third wave (labeled (3)), hitting both Fibonacci 
extension levels of 1.272 and 1.618 before retracing in wave four. According 
to the analyst, the current price action since 2020 constitutes the formation 
of the fifth impulse wave. Applying the same extension logic to the current 
structure from the 2020 low of $0.11379, a move to these Fibonacci extensions 
points to a target of $8.40 at 1.272 and $27.23 at the 1.618 extension. XRP To 
Reach $8.40 Or Even $27 This Market Cycle? Whether XRP can realistically surge 
to $8.40 or even $27 during this market cycle is yet to be seen. Although the 
2017 to 2018 rally where XRP climbed over 1,000% in a matter of weeks offers a 
compelling case, market conditions today are more complex. The amount of 
inflows and trading volume needed to push the XRP price to such levels would 
be far greater than those witnessed before. Related Reading: XRP Price Cross 
That Led To 20x Rally In 2017 Returns However, from a technical perspective, 
these Fibonacci targets can be reached when considering how similar price 
structures have behaved in the past. An example is the rally from $0.00310 to 
over $3.40 in 2017. One similar analysis from crypto analyst Ali Martinez 
suggests that the XRP price could reach $15 very soon. At the time of writing, 
XRP is trading at $2.50, up by 3.4% in the past 24 hours with an intraday high 
of $2.61. Featured image from Getty Images, chart from Tradingview.com

Two Major Fibonacci Levels Put XRP Price At $8.40 And $27

According to data retrieved from Tether’s reserves portal, the stablecoin 
behemoth has officially surpassed the $150 billion threshold for the first 
time on record. Tether’s Net Circulation Swells Past 150B as It Widens Lead 
USDT, Tether’s U.S. dollar-linked token, holds the title of the largest fiat- 
referenced digital asset by market capitalization. This week, the firm’s […]

Tether Shatters $150 Billion Milestone Outmuscling Rivals by Billions

**Key Takeaways:**
 * Declining Bitcoin dominance and rising strength in altcoins and memecoins could be a sign that it&#8217;s altseason.
 * USDT dominance could drop to 2022 lows, indicating an accelerating capital rotation into Bitcoin and other cryptocurrencies. 
The cryptocurrency market shows signs that an altseason, a period where 
altcoins significantly outperform Bitcoin (BTC), could be on the horizon. 
Technical charts and market sentiment align to suggest that May 2025 might 
start a broader altcoin rally, driven by key indicators and shifting capital 
flows.
The TOTAL2 chart, representing the total market capitalization of all 
cryptocurrencies, excluding Bitcoin, has broken above a downtrend line in 
place since January 2025. This breakout is accompanied by a bullish break of 
structure (BOS) on the daily chart, forming higher-low patterns.
_TOTAL2 chart 1-day. Source: Cointelegraph/TradingView_
A decisive move above the $1.25 trillion resistance level could support a 
decisive uptrend comprised of higher lows and higher highs. This shift signals 
capital rotation from Bitcoin into altcoins.
Similarly, the Bitcoin Dominance (BTC.D) chart is signaling a potential market 
peak, having declined 4% over the past six days&#8211;the steepest drop since 
November 2024. A falling BTC.D typically indicates capital flowing from 
Bitcoin to altcoins, enabling altcoins to gain market share and drive 
collective price surges.
Michael Van Poppe, founder of MN Capital, highlighted this trend, noting a 
bearish divergence accompanied by declining volume. The analyst said,
&gt; &#8220;Strong bearish divergence on the weekly timeframe, indicating that the 
&gt; #Bitcoin dominance has peaked. The end of the bear market for #Altcoins.&#8221;
_Bitcoin dominance analysis by Michael Van Poppe. Source: X.com_
 _**Related: History rhymes? XRP price gained 400% the last time whale flows 
flipped**_
## USDT dominance could dip to new lows
The tether (USDT) dominance chart has dropped to its lowest level since early 
February, at 4.59% on May 13. As illustrated below, the USDT.D chart may find 
support around 3.90%, as it exhibits a descending triangle pattern. A bearish 
breakout could lead to new lows since 2021, matching previous altseason 
levels.
_USDT. Dominance 1-week chart. Source: Cointelegraph/TradingView_
USDT dominance declines imply capital rotation occurs in other assets like 
Bitcoin and altcoins. Over the past seven days, Ether (ETH), XRP (XRP) and 
Solana (SOL) have gained 44.3%, 20.6% and 22% respectively, compared to BTC&#8217;s 
10% rise.
Complementing the recovery with a deeper analysis, crypto trader ZERO IKA 
observed that many altcoins have formed a higher time frame break of structure 
above their February and March highs.
The analyst noted that despite recent upside, most altcoins remain 70% to 90% 
below their all-time highs, indicating a &#8220;relatively early&#8221; opportunity for a 
recovery.
The weakening stablecoin and Bitcoin dominance, coupled with a rise in altcoin 
market cap, opens the door for an altseason, as long as the above key trends 
remain intact.
_**Related: Dogecoin traders predict 180% DOGE price rally if Bitcoin gains 
continue**_
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.

Altcoins’ roaring returns and falling USDT stablecoin dominance suggest ‘altseason’ is here

MEY Network hopes to make investment into luxury real estate accessible to 
ordinary investors.

MEY Network launches real estate NFTs to bring property investing on-chain

Yuga Labs, the Web3 company behind Bored Ape Yacht Club, has sold the 
intellectual property rights of the CryptoPunks NFT collection to the Infinite 
Node Foundation. The move, announced by the foundation on Tuesday, marks a 
significant shift for one…