Swedish tech firm H100 Group rallied almost 40% on news of its $490,000 Bitcoin purchase aimed at diversifying company reserves. As more tech firms turn to Bitcoin as a treasury asset, Sweden&#8217;s health tech company H100 Group AB has followed…

Swedish tech firm H100 Group gains nearly 40% on first Bitcoin treasury buy

U.S. policy upheaval is rattling global markets, weakening the dollar’s safe- 
haven status and accelerating fears of systemic instability, as financial 
trust erodes worldwide. US Policy Chaos Triggers BIS Warning: Dollar in 
Danger, Trust Eroding Fast Persistent economic uncertainty is reshaping 
financial stability, and mounting structural vulnerabilities threaten to delay 
recovery unless policymakers confront fragile foundations […]

US Dollar Faces Historic Stress Test as BIS Issues Dire Warning on Global Fragility

South Korea’s central bank digital currency project has been put on hold as 
the regulators turn their attention to fast-tracking the issuance of won- 
backed stablecoins. According to a Bloomberg report citing an unnamed Bank of 
Korea official, the central bank…

South Korea halts CBDC project as regulators prioritize won-backed stablecoin rollout

Metaplanet has become the fifth-largest corporate Bitcoin holder after its 
latest $108 million purchase, which comes on the same day that the Japanese 
firm issued 0% interest bonds to buy more.

Metaplanet surpasses Cleanspark with $108M Bitcoin buy

As the market’s second largest cryptocurrency, Ethereum (ETH), struggles to 
maintain momentum above the crucial $2,500 threshold, one analyst believes 
that ETH is poised for a significant rally. In a recent post on social media 
platform X (formerly Twitter), crypto analyst Cyclop expressed a bullish 
outlook, labeling the current market conditions as the best long setup for 
Ethereum he has seen in years. Analyst Sees $4,000 Target This Summer Cyclop 
highlighted that Ethereum short positions have reached all-time highs, a 
situation reminiscent of a previous spike that occurred just weeks ago. The 
analyst noted that liquidity has been swept on both sides, creating a scenario 
where market uncertainty may actually benefit Ethereum. &#8220;Most doubt ETH and 
altcoins right now—I&#8217;m betting on $4,000 this summer,&#8221; he stated confidently. 
Related Reading: TD Sequential Flashes Buy: Dogecoin Ready For Rebound To 
$0.21 Cyclop outlined several key factors driving his optimistic stance. 
First, he pointed to the recent Pectra update, which has reinvigorated 
interest in Ethereum by enhancing transaction capabilities, updating security 
features, and improving staking options. This update has reportedly led to 
increased demand, contributing to a potential price surge. Moreover, Cyclop 
emphasized the broader macroeconomic landscape, noting that cryptocurrency 
adoption is accelerating beyond Bitcoin (BTC), with Ethereum taking a 
prominent role. The analyst suggests that major corporations and banks are 
beginning to purchase and stake Ethereum, further boosting trust and interest 
in the digital asset which could ultimately result in more demand and more 
price uptrends. Ethereum Rallies May Trigger Altcoin Boom On-chain metrics 
also favor Ethereum, with the cryptocurrency ranking highly in various 
categories, according to Cyclop. It currently stands as the second-highest by 
fees, leads in bridged net flows, and ranks third in stablecoin supply 
changes, showcasing its robust market position. Another critical aspect of 
Cyclop&#8217;s analysis concerns altcoins and the upcoming altseason, traditionally 
characterized by a rush of investment into Ethereum before spilling over into 
smaller tokens. He pointed out that historical patterns indicate that Ethereum 
price rallies often trigger broader altcoin surges, and the current market 
sentiment suggests that many altcoins are at their lowest ebb. Related 
Reading: Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To 
$0.47 While Cyclop acknowledges that a majority of altcoins may face 
significant challenges, he argues that ETH remains undervalued, especially 
with Bitcoin trading near $100,000. He has made strategic moves, reallocating 
some of his Bitcoin holdings into Ethereum and promising strong altcoins. His 
initial target for Ethereum is $3,000, where he plans to take profits, 
followed by a series of sell orders between $4,000 and $6,000. As of press 
time, ETH trades at $2,500, a 12% price increase in the weekly time frame. 
Featured image from DALL-E, chart from TradingView.com

Top Analyst Predicts Major Ethereum Rally Toward $4,000 As Shorts Hit All-Time Highs

Dogecoin started a fresh increase above the $0.160 zone against the US Dollar. 
DOGE is now consolidating and might aim for a move above $0.1680. DOGE price 
started a fresh increase above the $0.1520 and $0.160 levels. The price is 
trading above the $0.1620 level and the 100-hourly simple moving average. 
There is a key bullish trend line forming with support at $0.1650 on the 
hourly chart of the DOGE/USD pair (data source from Kraken). The price could 
start a fresh decline if it stays below the $0.1680 zone. Dogecoin Price Faces 
Resistance Dogecoin price started a fresh increase above the $0.1450 zone, 
like Bitcoin and Ethereum. DOGE was able to climb above the $0.1550 and $0.160 
resistance levels. The bulls even pushed the price above the $0.1650 
resistance. A high was formed at $0.1699 and the price is now consolidating 
gains above the 23.6% Fib retracement level of the upward move from the 
$0.1572 swing low to the $0.1699 high. Dogecoin price is now trading above the 
$0.1650 level and the 100-hourly simple moving average. There is also a key 
bullish trend line forming with support at $0.1650 on the hourly chart of the 
DOGE/USD pair. Immediate resistance on the upside is near the $0.1680 level. 
The first major resistance for the bulls could be near the $0.1720 level. The 
next major resistance is near the $0.1750 level. A close above the $0.1750 
resistance might send the price toward the $0.180 resistance. Any more gains 
might send the price toward the $0.200 level. The next major stop for the 
bulls might be $0.2120. Another Drop In DOGE? If DOGE’s price fails to climb 
above the $0.1680 level, it could start another decline. Initial support on 
the downside is near the $0.1660 level or the trend line zone. The next major 
support is near the $0.1620 level and the 61.8% Fib retracement level of the 
upward move from the $0.1572 swing low to the $0.1699 high. The main support 
sits at $0.160. If there is a downside break below the $0.160 support, the 
price could decline further. In the stated case, the price might decline 
toward the $0.150 level or even $0.1450 in the near term. Technical Indicators 
Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish 
zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above 
the 50 level. Major Support Levels – $0.1650 and $0.1620. Major Resistance 
Levels – $0.1680 and $0.1800.