Bitcoin has traded sideways for most of the week, with price action stuck between $100,700 support and $104,700 resistance. The lack of volume and tight-range behavior suggests a breakout is still pending. Bitcoin (BTC) has experienced unusually slow price movement…

Bitcoin slows down near $104,700 as price consolidates inside a range

Patrick McHenry, who served as chairman of the House Financial Services 
Committee from 2023 to 2025, explained that the private opinion of former SEC 
Chair Gary Gensler on cryptocurrency differed from his public actions. He 
attributed Gensler&#8217;s anti-crypto stance to progressive ideology and Senate 
politics. Former Representative Patrick McHenry: Gensler Opposed Crypto Due to 
Senate […]

Former Rep. McHenry: Gensler’s Anti-Crypto Stance Tied to Senate Politics

Solana (SOL) is trading around key levels after reaching a local high of $184, 
struggling to hold support above the $170 zone. This price region is shaping 
up to be a pivotal battleground, as bulls aim to extend the rally while some 
analysts warn of an incoming retracement. Optimism remains strong across the 
market, with altcoins gaining momentum alongside Bitcoin and Ethereum. 
However, conflicting views persist, with several traders cautioning that 
Solana may be overheated in the short term following its recent surge. Related 
Reading: $1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal 
Supporting the bullish narrative, new data from Glassnode shows that Solana 
may be undergoing a trend reversal. After months of realized cap outflows, 
SOL’s 30-day capital inflows have turned positive, currently growing at a 
steady rate of 4–5%, a pace similar to that of XRP. This uptick in capital 
inflow indicates renewed demand entering the ecosystem, hinting that investors 
may be positioning for further upside. As the broader crypto market heats up, 
Solana’s ability to stay above the $170 level will be crucial in determining 
short-term direction. A confirmed hold could pave the way for a push toward 
new highs, while a breakdown might trigger a deeper retrace. Renewed Demand 
And Key Resistance Define Next Move Solana is currently trading above a 
critical demand zone, showing strength as it holds firmly above the $170 
level. However, to confirm the continuation of a sustained bullish rally, SOL 
must break and close decisively above the $185 resistance level. This region 
has acted as a strong ceiling in recent price action, and reclaiming it would 
likely unlock the momentum needed for further gains. The current rally across 
the broader crypto market, including Bitcoin and Ethereum, has fueled optimism 
that a larger bullish phase may be underway. For Solana, this could mark the 
start of a powerful trend reversal after months of volatility and uncertainty. 
Importantly, on-chain data supports this bullish case. According to Glassnode, 
Solana has reversed its negative realized cap flows, with its 30-day capital 
inflows now back in positive territory. These inflows are growing at a rate of 
approximately 4–5%, comparable to what is currently being observed in XRP. 
This shift signals a return of investor confidence and renewed demand within 
the Solana ecosystem. Such metrics are critical, as they reflect actual 
capital commitments rather than just speculative sentiment. If momentum 
continues and SOL reclaims the $185 level, it could trigger an aggressive 
breakout and lead the altcoin sector higher. The next few days will be crucial 
for Solana. Holding above support while attempting to break resistance could 
define the structure of the next major move. A successful push higher would 
support the idea that Solana is not only recovering but potentially leading 
the next phase of altcoin expansion. Traders and investors alike are watching 
closely as this key test unfolds. Related Reading: Ethereum MVRV Pricing Bands 
Show Key Resistance Around $3,100 Level – Details Solana Finds Support Above 
200-EMA But Faces Resistance Near $181 Solana is currently trading at $170.48 
after a sharp pullback from the recent local high near $184. As shown on the 
chart, the price briefly pushed above both the 200-day EMA ($162.21) and SMA 
($181.16), two key technical indicators closely watched by traders. This move 
signaled strength but was quickly met with selling pressure just below a 
significant resistance zone near the $185 level — the same region where 
multiple failed attempts have occurred in the past. Despite the recent 3.5% 
daily drop, the price action remains bullish as long as SOL holds above the 
200EMA. The higher low structure remains intact, and the recent retrace could 
be viewed as a healthy consolidation if bulls defend this range. A sustained 
move above the 200SMA at $181.16 would likely trigger a fresh wave of bullish 
momentum and open the door for a push toward the $200-$220 area. Related 
Reading: XRP Open Interest Surges 41% As Speculation Grows – Over $1B Added In 
Just One Week Volume remains elevated, suggesting active participation, though 
a drop in buying interest may signal caution. If the $162 zone fails to hold, 
a deeper retrace toward $150 is possible. For now, all eyes are on whether SOL 
can reclaim $181 with strength and set the stage for a sustained breakout. 
Featured image from Dall-E, chart from TradingView

Solana Sees Renewed Demand As Capital Flows Turn Positive – Details

This content is provided by a sponsor. As of April 2025, Solana’s 
decentralized application (dApp) ecosystem has seen significant swings in 
revenue and activity. Here’s a look at the latest trends—and the emerging 
opportunities they reveal: Recent Revenue Trends In March 2025, Solana’s dApp 
ecosystem generated $146 million in total revenue, capturing 46% of all […]

Solana’s dApp Revenue Opportunity: Resilience in a Volatile Market

DDC Enterprise Ltd. (NYSEAM: DDC), a Chinese publicly traded company, reported 
record 2024 financial results and announced plans to acquire 5,000 bitcoin ( 
BTC) over three years as part of a new corporate reserve strategy. The 
initiative includes an immediate purchase of 100 BTC, with a goal to hold 500 
BTC within six months. NYSEAM-Listed […]

Chinese Public Company DDC Enterprise to Acquire 5,000 BTC for Balance Sheet

Global foreign exchange and payments platforms are lobbying hard against 
stablecoins, which stand to significantly disrupt their business models, 
investor Kevin O&#8217;Leary said during a keynote address at Consensus 2025.
Legacy forex and payments platforms often extract large fees for servicing 
cross-border cash transfers and stand to lose out on revenue if regulated 
stablecoins become accepted as a cheaper, faster alternative, O&#8217;Leary said at 
the Toronto conference.
&gt; &#8220;Currency trading is a multi-trillion dollar market &#8212; and it&#8217;s old and ugly 
&gt; and inefficient,&#8221; O&#8217;Leary said, adding that &#8220;[ t]he biggest threat to that 
&gt; monopoly or oligopoly is a regulated stablecoin.&#8221;
&#8220;Once that&#8217;s approved, the multi-trillion dollar FX market becomes efficient, 
transparent, and inexpensive,&#8221; he said.
_Kevin O &#8216;Leary speaking at Consensus. Source: Cointelegraph_
## Stablecoin legislation
US lawmakers are working on legislation that stands to accelerate global 
stablecoin adoption, O&#8217;Leary added.
US Senators are aiming to pass the so-called Genius Act &#8212; a framework for 
regulating stablecoins &#8212; before the end of May. &#8220;As soon as the SEC approves 
the stablecoin act, every regulator in the US&#8217;s circle &#8212; Abu Dhabi, 
Switzerland, England &#8212; will follow,&#8221; O&#8217;Leary said.
&#8220;Who&#8217;s worried about this? The financial services industry. They hate this 
idea, and they&#8217;re working very hard to stop that bill from happening right 
now,&#8221; he added.
O&#8217;Leary said regulatory clarity for stablecoins may be a precursor to broader 
cryptocurrency reform that could potentially unlock trillions of dollars in 
institutional capital.
&#8220;When this language comes out, people will see really good refinement, a lot 
of progress, on things like consumer protection, bankruptcy protection, and 
ethics,&#8221; US Senator Kirsten Gillibrand said during an event hosted by 
Coinbase&#8217;s lobbying arm, Stand with Crypto.
As of May 15, stablecoins are collectively worth nearly $250 billion in market 
capitalization, according to data from CoinGecko. Tether&#8217;s US-dollar pegged 
stablecoin USDT is the leader, with a market cap of around $150 million, the 
data showed. It&#8217;s followed by Circle&#8217;s USDC, another US-dollar pegged 
stablecoin with a market cap of more than $60 billion.
_**Magazine: **__**Bitcoin to $1M &#8216;by 2029,&#8217; CIA tips its hat to Bitcoin: 
Hodler&#8217;s Digest, April 27 &#8211; May 3**_