The latest weekly recap includes Vitalik Buterin’s critique of Worldcoin’s digital identity ambitions and treasury firms continued doubling down on Bitcoin.

Bitcoin treasuries, Buterin talks digital IDs and Robinhood launches micro crypto futures | Weekly Recap

BNB Smart Chain’s Maxwell hard fork has three main proposals geared toward 
boosting scalability, validator sync and overall network efficiency.

BNB Smart Chain block times fall to 0.8 secs amid Maxwell upgrade

Ark Invest CEO Cathie Wood says a new policy allowing crypto as mortgage 
collateral could transform homeownership for digital asset holders by removing 
a key barrier. New Mortgage Policy Could Bridge Crypto and Real Estate Worlds 
A proposed change in mortgage policy could open the door to homeownership for 
crypto-heavy investors. Ark Invest CEO Cathie […]

Ark Invest Chief Sees Major Gains for Crypto and Housing in New Mortgage Plan

XRP price started a steady increase above the $2.120 zone. The price is 
consolidating and might aim for a move above the $2.220 resistance. XRP price 
started a fresh increase above the $2.20 zone. The price is now trading above 
$2.150 and the 100-hourly Simple Moving Average. There was a break above a 
bearish trend line with resistance at $2.190 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair could gain bullish momentum 
if it clears the $2.220 resistance zone. XRP Price Eyes Fresh Surge XRP price 
formed a base above the $2.080 level and started a fresh increase, like 
Bitcoin and Ethereum. The price was able to climb above the $2.120 and $2.150 
resistance levels. There was a break above a bearish trend line with 
resistance at $2.190 on the hourly chart of the XRP/USD pair. The pair even 
cleared the $2.20 level. A high was formed at $2.2191 and the price is now 
correcting gains. There was a move below the $2.20 level, but it is still 
above the 23.6% Fib retracement level of the upward move from the $2.070 swing 
low to the $2.2191 high. The price is now trading above $2.180 and the 
100-hourly Simple Moving Average. On the upside, the price might face 
resistance near the $2.220 level. The first major resistance is near the 
$2.250 level. The next resistance is $2.320. A clear move above the $2.320 
resistance might send the price toward the $2.350 resistance. Any more gains 
might send the price toward the $2.40 resistance or even $2.450 in the near 
term. The next major hurdle for the bulls might be $2.50. Downside Correction? 
If XRP fails to clear the $2.220 resistance zone, it could start another 
decline. Initial support on the downside is near the $2.180 level. The next 
major support is near the $2.1450 level or the 50% Fib retracement level of 
the upward move from the $2.070 swing low to the $2.2191 high. If there is a 
downside break and a close below the $2.1450 level, the price might continue 
to decline toward the $2.120 support. The next major support sits near the 
$2.080 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now 
gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The 
RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.220 and 
$2.250. Major Resistance Levels – $2.1450 and $2.120.

XRP Price Springs Higher — Rally Reignited with Bullish Momentum

Long-term Bitcoin holders have been selling to institutions since spot ETFs 
launched, keeping prices stagnant.

Bitcoin price stuck as OGs are ‘dumping on Wall Street’: Analyst

The Bitcoin price has recently climbed back above the $108,000 mark, yet it 
struggles to surpass its current record of $111,800, creating a sense of 
uncertainty in the market. This persistent inability to break through has 
characterized the cryptocurrency&#8217;s performance in recent weeks, leaving 
analysts to speculate on its next moves. Analyst Predicts Major Upswing Crypto 
analyst Doctor Profit has outlined two potential scenarios for the Bitcoin 
price trajectory in the near term, offering insights into both immediate 
volatility and a long-term bullish outlook. In a recent post on social media 
platform X (formerly Twitter), Doctor Profit emphasized the significance of 
the current market conditions, suggesting that Bitcoin could reach between 
$120,000 and $150,000 in the coming months. Related Reading: Dogecoin Silent 
Build-Up: Double Bottom Hints At Explosive Move To $0.47 According to Doctor 
Profit, the market is poised for a breakout. He noted, “We’re standing in 
front of a breakout, one that has the potential to send Bitcoin into the 
$120,000–$150,000 zone over the next few months.” This assertion is supported 
by data reflecting strong on-chain activity, favorable technical structures, 
liquidity flow, and macroeconomic factors. While the long-term outlook appears 
promising, he cautioned that short-term fluctuations will remain prevalent. 
Two Scenarios For The Bitcoin Price Doctor Profit outlined two primary 
outcomes that traders should consider. The first scenario involves a bullish 
breakout from a bull flag pattern, allowing Bitcoin to surge past the $113,000 
resistance level and continue climbing without a pullback. However, the 
analyst views this scenario as overly simplistic, suggesting that market 
makers typically prefer not to allow such parabolic moves to occur without a 
preceding shakeout. The second scenario, which appears more likely, involves 
either a rejection at the bull flag breakout or a liquidity grab at the 
$113,000 mark. This would potentially lead Bitcoin to revisit the lower 
boundary of the current range, around $90,000 to $93,000. Doctor Profit noted 
that this region is attractive because it contains significant liquidity and a 
notable gap in the Chicago Mercantile Exchange (CME) futures market. He views 
a dip to these levels not as a bearish signal, but rather as an opportunity to 
accumulate more Bitcoin. In his analysis, he stated, “$93K is not bearish. 
It’s clearly a gift!.” Doctor Profit believes that this potential dip would 
not only reset market leverage but also shake out weaker hands, creating a 
more robust foundation for a subsequent rally. Macroeconomic Trends Favor BTC 
Looking at the long-term prospects, Doctor Profit highlighted that larger 
wallets continue to accumulate Bitcoin, indicating that major investors are 
positioning themselves for a significant upward movement. He pointed to 
macroeconomic indicators, particularly the M2 money supply, which suggests 
that Bitcoin remains undervalued relative to broader economic trends. Related 
Reading: TD Sequential Flashes Buy: Dogecoin Ready For Rebound To $0.21 
Notably, the Bitcoin price has been trading within its current range for 226 
days, which echoes patterns observed during previous accumulation phases 
before major price breakouts. As Doctor Profit concluded, the Bitcoin price 
trajectory remains optimistic, with expectations of reaching between $120,000 
and $150,000 in the foreseeable future. He notes that while there are multiple 
paths to achieving this target, a dip into the $90,000 to $93,000 range would 
provide a crucial opportunity for accumulation and set the stage for a 
powerful upward move. Featured image from DALL-E, chart from TradingView.com