19 May 2025, 03:48

Binance Launches ETH Protected Earnings: Earn Up to 3,000 USDC with 3.3% Annualized Interest

On May 19th, COINOTAG reported significant news from Binance, the renowned cryptocurrency exchange. Binance has introduced a new savings product, dubbed ETH Protected Earnings, aimed at enhancing user engagement. Investors

19 May 2025, 03:19

Bitcoin notches record weekly close after highest-ever daily close candle

Bitcoin has notched its highest-ever weekly close as crypto market momentum continues and the cryptocurrency is again nearing its all-time high. Bitcoin ( BTC ) has closed at a weekly gain for the past six weeks in a row, and its most recent close at midnight UTC on May 18 was its highest weekly close ever at just below $106,500, according to TradingView. Its last highest weekly close was in December when it reached $104,400. It later went on to reach an all-time high of $109,358 on Jan. 20, according to TradingView. Bitcoin is now less than 3% away from its peak price and has gained 2% over the past 24 hours to trade around $104,730 at the time of writing. Bitcoin also posted its highest-ever close in a 24-hour period on May 18. However, this is not the largest daily gain Bitcoin has made. “Bitcoin just had its highest daily candle close... ever,” investor Scott Melker posted to X on May 19. With a daily close above $105,000, “Bitcoin will develop a brand new higher high,” said analyst Rekt Capital. BTC/USD weekly timeframe. Source: TradingView Bitcoin’s weekly gains over the past six weeks are mirroring its gains in November when it added $30,000 in three of its largest weekly candles ever. It has added around $12,000 so far in May, climbing from $94,000 to over $106,000 before it pulled back to around $105,400. Related: BTC price to $116K next? Bitcoin trader sees 'early week' all-time high Additionally, Arete Capital partner “McKenna” said the Coinbase premium had returned, which measures US sentiment by comparing the difference between Coinbase’s BTC/USD pair and Binance’s BTC/USDT equivalent. The “strength of this bid on a Sunday night feels strange,” they said, adding its “possible someone knows some important news dropping next week.” Bitcoin’s CAGR cools down On May 18, analyst Willy Woo dived into Bitcoin’s compound annual growth rate ( CAGR ), noting that it was trending downward as the network continues to store more capital. “BTC is now traded as the newest macro asset in 150 years, it'll continue to absorb capital until it reaches its equilibrium,” he said. Woo compared it to long-term monetary expansion of 5% and GDP growth of 3%, estimating that Bitcoin’s annual growth rate will be around 8% in around 15 to 20 years when it has settled. “Until then, enjoy the ride because almost no publicly investable product can match BTC performance long term, even as BTC's CAGR continues to erode.” Bitcoin annualized growth rate. Source: Willy Woo Magazine: Arthur Hayes $1M Bitcoin tip, altcoins ‘powerful rally’ looms: Hodler’s Digest

19 May 2025, 03:08

Ethereum Price Fails to Break Through — What’s Holding It Back?

Ethereum price corrected gains and tested the $2,320 zone. ETH is now struggling and might decline toward the $2,220 support zone. Ethereum started a correction from the $2,580 zone and tested $2,320. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain strength if it clears the $2,550 resistance in the near term. Ethereum Price Dips Again Ethereum price struggled to clear the $2,520 resistance and started a downside correction, unlike Bitcoin . ETH traded below the $2,500 and $2,440 support levels. The bears were able to push the price below the 50% Fib retracement level of the upward move from the $2,308 swing low to the $2,509 high. The price even spiked below the $2,440 level, but the bulls were active near the $2,400 zone. The price is stable above the 61.8% Fib retracement level of the upward move from the $2,308 swing low to the $2,509 high. Ethereum price is now trading below $2,450 and the 100-hourly Simple Moving Average . There is also a connecting bearish trend line forming with resistance at $2,540 on the hourly chart of ETH/USD. If there is another increase, the price could face resistance near the $2,460 level. The next key resistance is near the $2,500 level. The first major resistance is near the $2,550 level and the trend line. A clear move above the $2,550 resistance might send the price toward the $2,580 resistance. An upside break above the $2,580 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,700 resistance zone or even $2,780 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,500 resistance, it could start a fresh decline. Initial support on the downside is near the $2,400 level. The first major support sits near the $2,350 zone. A clear move below the $2,350 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,220 support level in the near term. The next key support sits at $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,400 Major Resistance Level – $2,500

19 May 2025, 03:01

Whale ‘0xb7d’ Moves 12.16 Million ENA to Binance After 3-Month Trading, Facing $817,000 Loss

In a significant market move, COINOTAG reported on May 19th that a prominent crypto whale, identified as ‘0xb7d’, recently made headlines by undelegating a staggering 12.16 million ENA, roughly equivalent

19 May 2025, 02:57

XRP Price News: Key Support, Resistance, and What to Expect On May 19

The post XRP Price News: Key Support, Resistance, and What to Expect On May 19 appeared first on Coinpedia Fintech News XRP will officially be listed on the Chicago Mercantile Exchange (CME) Futures platform starting May 19, 2025. CME is one of the most respected derivatives exchanges in the world, and this move is a big milestone for XRP. As excitement builds around this announcement, let’s take a look at the latest price action for XRP and what traders should be watching in the days ahead. XRP Price Holding Key Support On the three-day chart, XRP is currently holding support just above the $2.30 level, specifically between $2.33 and $2.34. This area has been acting as a strong floor for the price in recent days. In the short term, as long as XRP remains above this support, there’s room for stability. However, if the price starts closing candles below $2.30, there’s a risk of a further decline. In that case, the next important support zone lies between $2.12 and $2.15. Resistance Levels to Watch If XRP manages to bounce from current levels, the next strong resistance between $2.56 and $2.62. This zone, known as a golden pocket resistance area, has historically acted as a barrier for upward moves. It will be a critical level to watch if the price attempts a recovery. Could a Bullish Pattern Be Forming? Despite the skeptical short-term outlook, there could be a bullish setup developing. If XRP drops further towards $2.12 — and then stages a solid rebound, it might form a large inverse head and shoulders pattern. This is a classic bullish chart formation that, if confirmed, could signal a significant upward move in the future. However, it’s important to note that this pattern has not yet formed or confirmed. It would require a further pullback, a clear bounce, and a breakout above the $2.56–$2.62 resistance zone to be considered valid.

19 May 2025, 02:48

Australian Federal Police Seizes Nearly 25 Bitcoin and Assets Linked to 2013 Crypto Exchange Hack

The Australian Federal Police (AFP) has made significant asset seizures, including 25 Bitcoin and high-value properties, linked to a notorious crypto hack. In an operation stemming from a lengthy investigation,