21 May 2025, 12:57

Bitcoin Price Analysis: Is This the Final Pullback Before a New All-Time High?

Bitcoin is once again pushing toward its all-time high after a strong continuation from the recent breakout. After breaking past $100K, the price is now consolidating below the ATH level, hinting at either a pause before further upside or potential exhaustion as funding and sentiment heat up. By ShayanMarkets The Daily Chart On the daily timeframe, BTC has broken cleanly out of the descending channel and is now pressing into the $108K ATH resistance zone. The price is confidently trading above both the 100-day (orange) and 200-day (blue) moving averages, reflecting strong macro bullishness. The uptrend remains supported by higher lows and strong momentum, with the RSI trending in the overbought territory near 75. This does suggest potential for a short-term cooldown, but as long as the asset holds above the $100K zone, buyers remain firmly in control. A confirmed daily close above $108K would open the door for price discovery toward the next major psychological level around $115K. The 4-Hour Chart On the 4H chart, Bitcoin has formed a rising channel, pushing into the upper boundary near $108K after a strong rally. The price is currently consolidating within this range, holding above the $104K fair value gap (imbalance), which can act as short-term support. The RSI has also cooled off slightly from overbought levels, but still signals bullish control. A clean breakout above $108K could accelerate price into new highs, while a breakdown below $104K would expose the $100K support zone for a potential retest. As long as the rising channel holds, short-term momentum favors the buyers. Sentiment Analysis Funding Rates From a sentiment perspective, funding rates across exchanges remain elevated. This suggests that the derivatives market is heavily skewed toward longs, and while this supports upward momentum, it also increases the risk of a squeeze if sentiment shifts. On the other hand, exchange reserves continue to decline, reinforcing the longer-term bullish thesis by showing that fewer coins are available to sell on exchanges. As the price pushes toward resistance with bullish derivatives sentiment and a supply-constrained environment, the next few days will be key in confirming whether this rally has more room or needs a deeper reset. The post Bitcoin Price Analysis: Is This the Final Pullback Before a New All-Time High? appeared first on CryptoPotato .

21 May 2025, 12:57

Russia moves to seize crypto: new bill classifies Bitcoin as property

The Russian Ministry of Justice is preparing a bill to classify crypto assets as property subject to possible confiscation. Russia is seeking to crack down on crypto-related crime with a new measure. According to local reports dated May 19, the Russian Ministry of Justice is drafting a bill that would classify crypto assets as property, making them subject to seizure in criminal proceedings. “The Ministry of Justice has developed a bill that classifies digital currency as property for the purposes of arrest and subsequent confiscation,” Deputy Minister of Justice, Vadim Fedorov. Fedorov noted that experts would be involved to ensure that these assets could be seized and securely handled. This includes confiscating physical wallets and the necessary credentials, such as seed phrases. Courts may also impose bans on wallet transactions. You might also like: Russia to establish crypto exchange for ‘super-qualified investors’ under a pilot regime Russians are increasingly turning to crypto for crime The proposed changes to seizure procedures come in response to the growing use of crypto by criminals in Russia. Authorities have cited the sale of drugs through anonymous darknet markets, often facilitated by crypto transactions, as a key concern. You might also like: Exploring crypto’s most notorious dark web cybercrime forum Fedorov acknowledged the unique challenges of seizing crypto assets and explained why such assets appeal to bad actors. “The attractiveness of this type of asset for criminals is explained by a number of factors, primarily anonymity and the lack of centralized control. Digital currency cannot be physically seized and placed in a safe, as is the case with cash and valuables,” Fedorov explained. One example is Russia’s darknet market Kraken, which has seen a 68% increase in crypto transactions. This comes despite a global crackdown on darknet platforms, including the shutdown of another Russian-based marketplace, Hydra, in April 2022. Since Hydra’s closure, Kraken, not to be confused with the regulated crypto exchange of the same name, has become the largest darknet market in Russia. Read more: Russia-focused darknet crypto sales jump 68% as global revenue falls: Chainalysis

21 May 2025, 12:52

Fake Uber Driver Allegedly Drugs and Robs American Tourist of $123K in Crypto in London

An American tourist visiting London claims he was abducted, drugged, and robbed of his life savings by a man posing as an Uber driver. Jacob Irwin-Cline, a 30-year-old former software developer from Oregon, says the assailant drained $123,000 worth of Bitcoin, XRP, and other digital assets from his crypto wallets during the early hours of May 9, local media outlet MyLondon initially reported on Wednesday. Tourist Lured into Fake Uber After Night Out in London Irwin-Cline had just left The Roxy nightclub in Soho after a night out when a driver, calling out the alias on his Uber account, flagged him down. Believing the car and driver matched the app details, he got into the vehicle. He now believes he was lured into a lookalike vehicle operated by a criminal linked to a fraudulent Uber account. The situation escalated after the driver offered Irwin-Cline a cigarette, which he suspects was laced with scopolamine — a powerful sedative known for its use in South American crimes. “I passed out for what I assumed to be 20 to 30 minutes,” he recalled. When he regained consciousness, he found himself injured on the side of a road in Golders Green, missing both his phone and memory of how he got there. By the time he returned to his hostel, his laptop had been wiped, and his digital assets had vanished. Screenshots provided to MyLondon show $73,000 worth of XRP and $50,000 in Bitcoin had been moved to various wallets. He believes the stolen funds were funneled through exchanges like MEXC and BTSE, but without insurance or a court order, recovery remains unlikely. The alleged robbery has been reported to the Metropolitan Police, Action Fraud, the FBI’s Virtual Assets Unit, and Uber. Authorities confirmed that an investigation is underway, but no arrests have been made. The Metropolitan Police said the report was filed the same morning, with cryptocurrency theft estimated at $150,000. Meanwhile, Irwin-Cline is staying in London to cooperate with authorities, though he holds little hope of recovering the stolen funds. “It’s virtually impossible to get that money back unless some weird miracle happens,” he said. Crypto Crime Turns Violent as Illicit Transactions Top $40B in 2024 Illicit cryptocurrency activity surged to at least $40.9 billion in 2024, according to Chainalysis, with the number likely to grow as more criminal-linked wallets are identified. Hacks alone accounted for $2.2 billion in stolen assets—a 21% increase from the previous year. North Korean-linked groups, including Lazarus and Tradetraitor, were behind over 60% of those thefts, with major incidents like the $300 million hack of Japan’s DMM Bitcoin exchange among their hits. But the threats go beyond online exploits. Criminal groups are using crypto to fund and conceal a wider range of crimes—from investment scams and AI-enhanced romance frauds to drug trafficking and even physical violence. In one alarming case on May 13, 2025, the daughter and grandson of Paymium’s CEO were nearly kidnapped in Paris by masked men. On Tuesday, May 13, 2025, it is alleged that the French cryptocurrency platform Paymium CEO Pierre Noizat's daughter and two-year-old child were targeted in the attempted kidnapping in Paris. There has been no confirmation of the identities of the victims or their relations by… pic.twitter.com/HAbsCU6fg1 — SuperNOVA (@NovaExcitement) May 13, 2025 The post Fake Uber Driver Allegedly Drugs and Robs American Tourist of $123K in Crypto in London appeared first on Cryptonews .

21 May 2025, 12:48

Chainlink price targets $20 as exchange outflows surge

Chainlink price may be on the verge of a breakout to $20 as exchange outflows rise and ecosystem growth continues. Chainlink ( LINK ), the largest provider of oracle services, was trading at $16 on Wednesday — up 60% from its lowest point this year. CoinGlass data shows that investors have continued accumulating the coin in anticipation of a rebound. As shown below, exchange balance netflow has remained negative every week since June of last year. So far this week, $11.27 million worth of LINK has exited exchanges, following $55.2 million in outflows last week. Falling exchange balances typically occur when investors move their tokens into self-custody wallets. Rising balances, on the other hand, suggest selling pressure as investors deposit coins onto exchanges. Chainlink exchanges outflows | Source: CoinGlass Chainlink’s technology is gaining more traction as the decentralized finance (DeFi) sector expands and as the outlook for real-world asset tokenization improves. For instance, Chainlink recently facilitated a transaction between JPMorgan and Ondo Finance ( ONDO ). You might also like: KAITO price gears up for another potential 100%+ leg up as it tests post-ATH resistance Chainlink’s cross-chain interoperability protocol went live on Solana ( SOL ) mainnet, a move that unlocked over $18 billion in assets. CCIP has also helped Solv Protocol, a Bitcoin staking platform, boost its assets to $2.5 billion, with $1.16 billion of them being powered by CCIP. Analysts believe the RWA industry is still in its early stages and has substantial room for growth, a trend that could benefit Chainlink. Asset manager VanEck estimates the market for tokenized securities has already reached $50 billion and may exceed $30 trillion by 2030. LINK price is also expected to benefit from Chainlink’s partnership with Swift, the global financial messaging network that processes trillions of dollars annually. The collaboration focuses on integrating blockchain infrastructure with traditional finance to enhance efficiency. Chainlink price technical analysis LINK price chart | Source: crypto.news The daily chart shows that LINK formed a double bottom at $10.20 in November last year and again in April, a bullish reversal pattern that often signals strong upside momentum. LINK has also formed an ascending channel over the past three weeks and is currently supported by the 50-day weighted moving average. The most likely scenario is a continuation toward the psychological resistance level at $20, a 27% gain from current levels. A drop below the lower boundary of the ascending channel would invalidate the bullish outlook. You might also like: VanEck’s new fund targets real-world utility in Avalanche ecosystem

21 May 2025, 12:32

Satoshi Nakamoto’s Elite Rankings Jump as Bitcoin Rockets to $108,000

Bitcoin topped $108,000 on Coinbase in early trading session

21 May 2025, 12:18

Mine BTC, Win USDC: New BitDegree Mission Explores Binance Pool Promotion

BitDegree , the leading platform for Web3 education, has launched a new Mission that features Binance Pool —Binance’s official cryptocurrency mining platform.