9 May 2025, 03:17

Bitcoin Price Surges Past $100K—Bull Market Officially Back?

Bitcoin price started a fresh surge above the $100,000 zone. BTC is rising and might aim for a move toward the $105,000 resistance. Bitcoin started a strong increase above the $98,500 resistance zone. The price is trading above $100,500 and the 100 hourly Simple moving average. There is a new connecting bullish trend line forming with support at $102,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $104,200 zone. Bitcoin Price Surges Over 8% Bitcoin price started a fresh increase from the $95,500 support zone . BTC formed a base and was able to clear the $98,000 resistance zone. The bulls even pushed the price above $100,000. The pair spiked above $103,500 and tested $104,200. A high is formed at $104,082 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $95,824 swing low to the $104,082 high. Bitcoin is now trading above $100,500 and the 100 hourly Simple moving average . There is also a new connecting bullish trend line forming with support at $102,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $103,500 level. The first key resistance is near the $104,500 level. The next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,500 resistance level. Any more gains might send the price toward the $108,000 level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $103,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $102,200 level. The first major support is near the $100,000 level and the 50% Fib retracement level of the upward move from the $95,824 swing low to the $104,082 high. The next support is now near the $98,800 zone. Any more losses might send the price toward the $97,500 support in the near term. The main support sits at $96,200. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $102,200, followed by $100,000. Major Resistance Levels – $104,200 and $105,000.

9 May 2025, 03:05

BlackRock’s iShares Bitcoin ETF Posts 18-Day Inflow Streak, Surpasses Gold ETF With Nearly $5 Billion

BlackRock's iShares Bitcoin Trust ETF (IBIT) has recorded 18 consecutive days of inflows, accumulating nearly $5 billion in new investments since its launch over a year ago. This inflow streak places IBIT among the top 10 ETFs by inflows in 2025, surpassing the SPDR Gold Trust (GLD), which has seen $6.5 billion in inflows year-to-date. Despite the overall positive trend in Bitcoin ETFs, May 6 saw a net outflow of $85.7 million from Bitcoin ETFs and $17.9 million from Ethereum ETFs. On May 7, Bitcoin spot ETFs experienced a net inflow of $142 million, while Ethereum spot ETFs registered a net outflow of $21.77 million. Institutional activity remains notable, with some Ethereum withdrawals reported from exchanges like Binance and Kraken. Other Bitcoin ETFs such as Ark and Bitwise also reported inflows, with Ark seeing $54.7 million and Bitwise $10.5 million. Fidelity's Bitcoin ETF showed inflows of $39.9 million on May 7 and $35.3 million on May 8, while BlackRock's Bitcoin ETF posted inflows of $36.7 million and $37.2 million on May 6 and 7, respectively. Ethereum ETFs have generally experienced outflows during this period, including a $21.8 million outflow from BlackRock's Ethereum ETF on May 7. Overall, Bitcoin ETFs have attracted more investor capital than Ethereum ETFs recently, highlighting a preference for Bitcoin among institutional investors. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

9 May 2025, 03:00

Buyers Grab BlockDAG at $0.0019 Before CEX Listings, While IMX to Unlock Tokens & XLM Faces Resistance Levels

Some well-known names are generating strong interest across the market this week. The Immutable X token unlock has traders on alert, with $10.4 million worth of tokens about to enter circulation. That has sparked short-term questions about how buyers will respond. Meanwhile, the Stellar (XLM) price is back in focus as it holds just below the $0.40 resistance level, which has previously acted as a key turning point. In the middle of it all, BlockDAG (BDAG) is gaining traction for different reasons. Labeled by many analysts as a top bullish crypto, BDAG is being offered at $0.0019 until May 13, a price far below its original batch 28 price and a fraction of the projected $0.05 launch value. Traders Eye Impact of Upcoming IMX Token Unlock There’s been a lot of chatter around the Immutable X token unlock, which is set to happen this Tuesday. The release will introduce $10.4 million in tokens into the market, which equals about 1% of the circulating supply. This is part of the broader unlock schedule, with 89% of tokens already circulating and the last release planned for November. These events often trigger price movements, but IMX has shown surprising strength, bouncing from $0.34 to $0.60 recently. Technical watchers are tracking an inverse head and shoulders pattern, which may point to more room for upside. Whether this token unlock leads to meaningful shifts or passes quietly, it’s enough to keep IMX firmly on watch lists. Stellar Price Nears Crucial Resistance, Momentum Builds The Stellar (XLM) price is testing an important level near $0.40. Traders are paying attention after XLM recovered from past lows and formed a higher low in the previous year. If the $0.40 barrier breaks, chart patterns suggest moves to $0.50 or even $1.29 are possible. Institutional support has also helped XLM. Franklin Templeton made headlines by using the Stellar network to manage $1.7 trillion in assets. The move was driven by massive savings on transaction costs, with Stellar’s fees totaling under $150 compared to over $50,000 traditionally. Traders are now watching for the May 7 Q1 report, which may become the next price driver for XLM. BlockDAG Confirms Exchange Listings, Fueling Presale Acceleration BlockDAG (BDAG) is entering a new phase. The team has confirmed that a top exchange listing will follow the current presale, and the numbers explain why some traders are calling it a top bullish crypto in 2025. The team rolled back the price to $0.0019 until May 13, which is a sharp cut from the batch 28 rate of $0.0262 and far below the $0.05 listing target. That has accelerated presale demand, with 19.9 billion coins already sold and over $229 million raised. Early backers are already looking at gains of 2,520% before trading even begins. The project continues to highlight transparency. Following a successful CertiK audit and the launch of a weekly podcast that shares milestone progress, BlockDAG has confirmed that centralized exchanges will list BDAG. Many expect the exchange names to be revealed soon after the $0.0019 deal expires on May 13. A confirmed listing means open trading, better liquidity, and a clear shift from presale to public access, while testnet progress continues to attract developers. For those who are still deciding, the value is easy to understand: buy at under a cent now, versus a five-cent listing price. Buyers are joining the podcast updates, locking in pricing before May 13, and becoming part of the BlockDAG launch phase from the ground up. Markets Set for Movement: Who Leads the Way? This week is shaping up to be important. The Immutable X token unlock could affect IMX sentiment depending on how the market absorbs the new supply. Meanwhile, the Stellar (XLM) price is closing in on a resistance level that has led to major rallies in past cycles. If the May 7 report offers a strong update, XLM could be ready to break out. While other coins wait for catalysts, BlockDAG is already in motion. With the $0.0019 deal live until May 13 and exchange listings confirmed, this presale is quickly positioning itself among the top bullish crypto picks. For buyers searching for real progress, not just promises, BlockDAG might be the move to make, before the market shift arrives. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post Buyers Grab BlockDAG at $0.0019 Before CEX Listings, While IMX to Unlock Tokens & XLM Faces Resistance Levels appeared first on TheCoinrise.com .

9 May 2025, 02:32

Ripple Lawsuit News: Settlement Filed, but 4 Big Steps Still Stand Between XRP and Victory

The post Ripple Lawsuit News: Settlement Filed, but 4 Big Steps Still Stand Between XRP and Victory appeared first on Coinpedia Fintech News After nearly four years of intense legal battle, the U.S. Securities and Exchange Commission (SEC) has officially filed a Settlement Agreement Letter in its case against Ripple Labs. While the XRP community is celebrating this major development, legal experts warn that the case isn’t fully over yet. According to attorney James K. Filan, even though both parties have agreed to the settlement terms, Judge Analisa Torres must first decide if the deal serves the public interest. Only after that decision will the case finally come to a close. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The @SECGov has filed the Settlement Agreement Letter. https://t.co/eXuWjyQECc — James K. Filan (@FilanLaw) May 8, 2025 What Happens Next? The 4 Key Steps Remaining Here’s a breakdown of the four big steps that still need to happen before Ripple can claim total victory: Judge Torres will review the settlement and give an initial decision on whether to dissolve the existing injunction, release the escrow funds — with $50 million going to the SEC and the rest returning to Ripple. If the judge agrees, both Ripple and the SEC will ask the Second Circuit Court of Appeals for a limited remand, sending the case back to Judge Torres to finalize the agreed-upon actions. Once the remand is granted, the two parties will file a joint motion requesting the official actions — dissolving the injunction and distributing the funds. After these steps are completed, Ripple and the SEC will ask the Court of Appeals to dismiss both the SEC’s appeal and Ripple’s cross-appeal, officially closing the case. XRP Community Stands Strong Attorney Bill Morgan pointed out that the vast majority of the public impacted by this case are XRP holders. He said that over 80,000 XRP holders joined attorney John Deaton in representing their interests during this legal fight, and there’s no record of even one XRP holder supporting the SEC’s position. The settlement process that has happened in SEC v Ripple over the last several weeks and will continue over the next few months is apparent from the details of the rule 62.1 motion filed today asking for an indicative ruling from Judge Torres. 1. Settlement agreement signed by… — bill morgan (@Belisarius2020) May 8, 2025 Morgan believes this overwhelming public support could help convince the judge that dissolving the injunction and settling with a $50 million fine is in the public interest. Will the Judge Agree? While many XRP supporters are excited, not everyone is sure about the outcome. Former SEC attorney Marc Fagel stated that Judge Torres’ earlier ruling on Ripple’s institutional sales is likely to be upheld by higher courts. He warned that if the judge rejects the settlement, it’s unclear whether the SEC would continue to defend the case on appeal. Still, others in the XRP community feel confident that Judge Torres is likely to approve the settlement. Some point to the changing stance of U.S. regulators towards crypto, along with Ripple’s stronger legal position in appellate courts.

9 May 2025, 01:27

Ripple and SEC Reach Settlement: Key Details on XRP Ban Lift and $50 Million Fine

In a pivotal development in the crypto landscape, Ripple Labs has announced a settlement with the U.S. Securities and Exchange Commission (SEC) aimed at resolving the protracted legal battle regarding

9 May 2025, 01:05

SEC and Ripple Settle XRP Lawsuit with $50 Million Payment, Dropping Appeals Pending Court Injunction Lift

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have reached a settlement agreement to resolve the long-running lawsuit concerning Ripple's XRP sales. Under the terms of the settlement, Ripple will pay $50 million, which is less than half of the original $125 million penalty initially proposed by the SEC. Both parties have agreed to drop all appeals if the court approves the lifting of the injunction against Ripple. The settlement was filed in the U.S. District Court for the Southern District of New York. This development marks a major turning point in the regulatory dispute between the SEC and Ripple, effectively closing the case. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io