Bitcoin

Crypto on the Edge: Pi Network, XRP, and Sui Set to Shake the Market This Week

April 27, 2025 RAYMOND 0

Cryptocurrency prices saw a significant rally last week, with Bitcoin breaking the $95,000 mark for the first time in over a month. This surge, alongside Solana meme coins reaching a $10 billion market cap, set the stage for key cryptos like Pi Network, XRP, and Sui to dominate the spotlight this week.

Sui, a leading layer-1 blockchain, saw its price surge to $3.80, driven by a rise in meme coin activity and a 60% increase in weekly DEX volume. However, a scheduled token unlock worth $120 million on Thursday could disrupt its momentum. Similarly, XRP is at a pivotal level, trading near its 50-day Exponential Moving Average, with the price needing to break a descending trendline to avoid a bearish outlook. Pi Network, currently in a phase of consolidation, could experience a breakout if it gets listed on a major exchange, such as HTX, fueling speculation about a major price jump.

Pi Network Price Surges — But Is a Devastating Crash Looming?

April 15, 2025 RAYMOND 0

Pi Network has staged a remarkable 92% rebound in just ten days, climbing to its highest price since late March amid a broader crypto market recovery. However, despite this bullish momentum, technical indicators are flashing warning signs. A rising wedge pattern and emerging bearish divergences suggest that Pi could be on the verge of a sharp pullback, with a potential drop of nearly 47% if key support levels fail to hold. Still, a breakout above $0.8610 could reignite bullish hopes, with the $1 mark in sight.

**Bitcoin Slips as Goldman Bets on Yen—Is BTC Losing Its Safe-Haven Status?**

April 2, 2025 RAYMOND 0

Goldman Sachs has identified the Japanese yen as the strongest hedge against rising U.S. recession risks, emphasizing its historical reliability in uncertain market conditions. On Wednesday, Bitcoin struggled against the yen, dropping 1% after failing to break key resistance levels, while broader financial markets braced for potential economic fallout from President Donald Trump’s new tariffs.

Despite some crypto analysts viewing Bitcoin as a haven asset, Goldman maintains that the yen is the superior safeguard against economic downturns, citing its resilience when U.S. equities and real interest rates decline. The strengthening yen could also trigger risk-off sentiment, similar to last year’s unwinding of yen-funded trades, which led to sharp declines in both stock markets and Bitcoin. Goldman forecasts further yen appreciation, expecting the USD/JPY exchange rate to fall into the low 140s, reinforcing its status as a key safe-haven currency.

Bitcoin Soars Toward $81K While XRP, ADA Sink—Will a Tariff War Spark Market Chaos?

March 31, 2025 RAYMOND 0

Global stock markets continued their downward trend for the fourth straight day as investors braced for President Donald Trump’s impending tariff announcement. Major Asian indices, including Hong Kong’s Hang Seng and Japan’s Nikkei 225, suffered sharp losses, while U.S. and European stock futures also slipped. Amid the market turmoil, gold surged to an all-time high and U.S. Treasury yields declined as traders sought safe-haven assets. Meanwhile, Bitcoin ETFs recorded a $196 million inflow last week, contrasting with ether ETFs, which saw net outflows. In the crypto space, $751.2 million in token unlocks are set for release this week, with a significant $4.4 billion expected in May.