Invest ideasNews
19 May 2026, 07:35
Zcash jumps 6% as traders eye breakout above key $560 resistance
Zcash (ZEC) is the best performer among the top 20 cryptocurrencies by market cap, adding over 6% to its value. The rally has allowed ZEC to reclaim the $560 mark, with the bulls now targeting higher liquidity zones. The technical outlook remains extremely bullish, with momentum indicators suggesting further room for growth. ZEC surges 6% as volatility returns ZEC is trading at $566 at press time on Tuesday, outperforming the broader cryptocurrency market. The positive performance comes as retail interest in Zcash returns. According to CoinGlass, ZEC’s futures Open Interest (OI) now stands at $1.23 billion, up 35% over the last 24 hours. The OI has been increasing since April 29, coinciding with ZEC’s rally from $320 to its current price of $566. The rising OI indicates increased retail participation, with traders optimistic that ZEC’s price could rally higher in the near to medium term. ZEC’s 4-hour and daily charts show that the coin has been producing lower highs through the correction, with each recovery attempt getting rejected near the upper channel resistance in recent months. By reclaiming the macro resistance zone around $560, ZEC could be creating a possible compound breakout. This suggests that ZEC is not only trying to escape the descending pattern but reclaim a major liquidity zone above. ZEC’s rally is also supported by renewed market attention. According to LunarCrush, ZEC’s price has continued to move higher even while the broader crypto market remains weak. https://twitter.com/LunarCrush/status/2056462118564802917 Despite that, social activity has not yet returned to the euphoric levels seen in late 2025. Currently, Zcash’s social dominance stands at 0.96%, while the November 2025 peak was around 2.56%. If the social sentiment improves, ZEC could extend its rally in the near term and approach higher liquidity zones. Zcash technical outlook: ZEC eyes the $745 liquidity zone The ZEC/USD 4-hour chart is bullish and efficient as Zcash is outperforming the broader cryptocurrency market. The momentum indicators are also bullish, suggesting a further rally in the near term. The Relative Strength Index (RSI) of 63 means that Zcash is now approaching the overbought region. The MACD lines crossed into the bullish area last week. If the bulls remain in control, ZEC could retest the first major resistance level at $598 over the next few hours or days. A decisive close above this level could allow ZEC to target the monthly high of $641. Above this resistance level is the liquidity zone at $745, the high created during the November 2025 market rally. However, if the bulls fail to push ZEC above the $641 resistance level, it could encounter a correction and drop towards the Monday low of $518. A daily candle close below $518 could see ZEC retest a lower support level at $488, with another major support at $410 also a possibility. The post Zcash jumps 6% as traders eye breakout above key $560 resistance appeared first on Invezz
19 May 2026, 07:30
Capital B Buys 192 BTC After $20M Raise as Treasury Strategy Accelerates
French bitcoin treasury firm Capital B has acquired 192 BTC after completing a series of capital raises totaling roughly $20 million (€17 million). The company now holds more than 3,100 bitcoin as it deepens its treasury-focused strategy. Adam Back Joins Capital B Funding Round as Company Accelerates BTC Strategy Capital B, the French company formerly
19 May 2026, 07:22
Ethereum Foundation Loses 2 More Researchers as BitMine Adds 71,672 ETH Under $2,200
Ethereum News The Ethereum Foundation has confirmed two more high-profile resignations, with researchers Julian Ma and Carl Beek wrapping up multi-year tenures at the organization. Ma, who spent fo...
19 May 2026, 07:21
Bitcoin Slides to $77K, Spot ETFs Bleed $649M as CVD Flips Deeply Negative
Bitcoin News Bitcoin extended its retreat into Tuesday's session, sliding roughly 6% from $82,000 down to $76,800 in a matter of days. The pullback has erased a meaningful portion of the rally that...
19 May 2026, 07:10
Explained: Why Iran is using Bitcoin to insure ships amid Hormuz crisis
Iran has unveiled a controversial plan to use Bitcoin to insure shipping through the Strait of Hormuz, a move that underscores both the country’s desperation amid war-driven isolation and its growing reliance on cryptocurrency. The initiative, dubbed “Hormuz Safe,” comes as the conflict enters its third month, with oil prices stuck above $100 and global trade routes severely disrupted, Business Insider said in a report. A bold but risky experiment Iran’s semi-official Fars News Agency reported that the Ministry of Economy and Financial Affairs has launched a shipping insurance service backed by Bitcoin. The program promises “cryptographically verifiable insurance policies” for vessels transiting the Persian Gulf and the Strait of Hormuz, with payments settled in Bitcoin. Officials claim the scheme could generate as much as $10 billion in revenue, though details on implementation remain vague. The idea was first floated by Iranian business magnate Babak Zanjani, who promoted it on social media earlier in May. Zanjani, a controversial figure accused of embezzling billions from Iran’s oil ministry, has long advocated for alternative financial mechanisms to bypass sanctions. Context: war and sanctions The plan comes against the backdrop of a grinding war between the US and Iran that has left the Strait of Hormuz—through which about one-fifth of global oil and gas supply normally flows—largely closed. The closure has driven Brent crude above $100 per barrel and disrupted shipments of fertiliser, helium, and petrochemicals. President Donald Trump’s administration has so far failed to secure a peace deal, with negotiations stalling despite attempts to pressure Tehran. Both Washington and Tehran continue to block passage through the Strait, leaving global shipping companies in limbo. Bitcoin’s rising role in Iran Iran’s pivot to Bitcoin is not entirely surprising. According to CoinShares, cryptocurrency adoption has surged during the conflict. Roughly 14 million Iranians—about one in six—use Bitcoin, with annual transaction volumes growing nearly 12% year-on-year and now representing about 2.2% of GDP. Analyst Chris Bendiksen noted that Bitcoin’s appeal lies in its ability to bypass traditional financial systems and sanctions. For Iran, it offers a way to monetize shipping insurance without relying on banks or dollar-denominated transactions. Feasibility and risks Despite the bold claims, experts remain skeptical. Traffic through the Strait of Hormuz is still at a near-standstill, meaning few ships are available to insure. Even if vessels were willing to participate, the risk of violating US sanctions by engaging with Iranian-backed systems could deter global shipping companies. Moreover, the volatility of Bitcoin itself raises questions. Insurance contracts typically require stability and predictability, qualities not associated with a cryptocurrency that can swing by double-digit percentages in a single day. Wider implications Iran’s experiment highlights a broader trend: the use of digital assets by sanctioned states to circumvent restrictions. While the initiative may not succeed in attracting international shipping firms, it signals Tehran’s intent to integrate cryptocurrency into its economic survival strategy. For global markets, the move adds another layer of uncertainty. Oil prices remain elevated , shipping routes disrupted, and now the world’s most sensitive energy chokepoint is tied to a volatile digital currency. Outlook Whether “Hormuz Safe” becomes a viable insurance mechanism or collapses under logistical and legal hurdles, it reflects Iran’s determination to find unconventional solutions amid isolation. As the war drags on, the country’s reliance on Bitcoin is likely to deepen, even if the global shipping industry remains wary. For now, the Strait of Hormuz remains closed, oil prices remain high, and Iran’s gamble on cryptocurrency underscores the desperation—and innovation—of a nation under siege. The post Explained: Why Iran is using Bitcoin to insure ships amid Hormuz crisis appeared first on Invezz
19 May 2026, 07:08
Dogecoin (DOGE) Slow Bleed Continues, Key $0.10 Support Comes Into Focus
Dogecoin started a fresh decline below the $0.1080 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1065 and $0.1075. DOGE price started a fresh decline below the $0.1080 level. The price is trading below the $0.1075 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1075 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1075 and $0.110. Dogecoin Price Dips Further Dogecoin price started a fresh decline after it closed below $0.110, like Bitcoin and Ethereum . DOGE declined below the $0.1080 and $0.1050 support levels. The price even dipped toward the $0.1020 level. A low was formed near $0.1025, and the price is now showing bearish signs well below the 23.6% Fib retracement level of the downward move from the $0.1127 swing high to the $0.1025 low. Dogecoin price is now trading below the $0.1065 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1065 level. There is also a bearish trend line forming with resistance at $0.1075 on the hourly chart of the DOGE/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.1127 swing high to the $0.1025 low. The first major resistance for the bulls could be near the $0.110 level. The next major resistance is near the $0.110 level. A close above the $0.110 resistance might send the price toward the $0.1120 resistance. Any more gains might send the price toward the $0.1190 level. The next major stop for the bulls might be $0.120. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1075 level, it could continue to move down. Initial support on the downside is near the $0.1020 level. The next major support is near the $0.10 level. The main support sits at $0.0965. If there is a downside break below the $0.0965 support, the price could decline further. In the stated case, the price might slide toward the $0.0920 level or even $0.090 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1020 and $0.1000. Major Resistance Levels – $0.1065 and $0.1075.
