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5 May 2026, 23:37

Gold price climbs 1.1 percent but faces $4,590 barrier

🚨 Gold price rose 1.1 percent to $4,573 but failed in $XAUUSD to break above the $4,590 resistance. Bears could return if the price slips below $4,510 in the next sessions. 📊 Critical data: A decisive close above $4,590 is needed for gold to recover its upward trend. Continue Reading: Gold price climbs 1.1 percent but faces $4,590 barrier The post Gold price climbs 1.1 percent but faces $4,590 barrier appeared first on COINTURK NEWS .

5 May 2026, 23:25

Solana Price Prediction: SOL/BTC Hits 2023 Low, RSI Warns

Solana is facing fresh pressure as two weekly charts show weak momentum against both the dollar and Bitcoin. While SOL’s RSI resembles its 2022 bear market setup, the SOL/BTC pair has now erased its meme season gains and fallen to its lowest level since October 2023. Solana RSI Warning: SOL Chart Mirrors 2022 Bear Market Setup Solana traded near $84.27, while its weekly RSI stood at 35.8, according to the chart shared by More Crypto Online. The RSI remains above the key oversold threshold of 30, but the structure still shows weakness after SOL failed to recover strongly from recent lows. Solana Weekly RSI Bear Market Comparison Chart. Source: More Crypto Online on X The chart compares the current Solana setup with the 2022 bear market phase, when SOL moved sideways for an extended period before reaching its final low. More Crypto Online said the weekly RSI now resembles those earlier conditions, especially after traders pointed to February’s oversold reading as a possible recovery signal. However, the analyst warned that the chart still needs confirmation. In technical analysis, an oversold RSI can show strong selling pressure, but it does not always confirm a bottom. Price often needs a clear upside impulse before the market structure turns stronger. The chart shows one major RSI oversold event during the 2022 decline, when SOL later dropped toward its final bear market low. A similar RSI zone appeared again in 2026, while SOL traded near the lower part of its recent range. This comparison suggests that the current setup still carries risk unless buyers regain control. SOL price also remains far below its previous cycle highs above $200. After the latest decline, the token moved sideways around the $80 area. This price action shows that buyers have not yet created a strong reversal pattern on the weekly chart. More Crypto Online said the early 2022 comparison remains valid until Solana forms a clear impulsive move to the upside. That means SOL needs stronger price action, not only a low RSI reading, to confirm recovery. For now, the weekly RSI shows improving conditions from the oversold area, but the broader structure remains cautious. A strong breakout from the current range could improve the outlook. Until then, the Solana chart still reflects a setup similar to the period before the final 2022 low. SOL/BTC Falls to Lowest Level Since October 2023 SOL/BTC dropped to a new yearly low on the weekly Binance chart shared by Ted. The pair moved near the 0.0010 BTC area, marking its lowest level since October 2023. The chart shows Solana’s performance against Bitcoin weakening for several months. SOL/BTC peaked near the 0.0028 to 0.0030 BTC area in late 2023 and early 2024, then entered a long downtrend. SOL/BTC Yearly Low Chart. Source: Ted on X The latest move pushed SOL/BTC back to the zone seen before Solana’s meme coin activity helped drive stronger market attention. That means Solana has lost the relative strength it gained against Bitcoin during that speculative phase. However, this chart tracks SOL against BTC, not SOL against the U.S. dollar. So, it shows that Solana is underperforming Bitcoin, even if SOL may still move differently in dollar terms. The weekly candles also show steady lower highs through 2025 and 2026. Each recovery attempt failed below the previous major high, while price continued to move toward the October 2023 base. Ted said SOL has erased its entire speculative gain against Bitcoin. The chart supports that view because SOL/BTC has returned to the same range that existed before the meme season rally. For now, the structure remains weak unless SOL/BTC reclaims the broken range above the current level. A stronger recovery would need higher weekly closes and a break from the lower high pattern. Until then, Bitcoin continues to lead Solana on this relative chart.

5 May 2026, 23:17

Ethereum Price Prediction: ETH Tests $2,375 as $2,646 Target

Ethereum is testing major resistance near $2,375 after reaching the top of its short term channel. A clean breakout could shift attention toward $2,550 and $2,646, while rejection may send ETH back to lower support zones. Ethereum Tests Major Channel Resistance Near $2,375 Ethereum has reached the upper boundary of its 4 hour descending channel, according to the chart shared by Ali Charts. The chart marks $2,375 as the main resistance area, while nearby levels at $2,367 and $2,330 show the short term decision zone. Ethereum Channel Resistance Chart. Source: Ali Charts on X This resistance matters because Ethereum faced rejection from the same channel top in previous moves. Each failed attempt pushed ETH back toward lower channel levels, showing that sellers have defended this area more than once. If Ethereum fails to clear $2,375, the chart points to a possible retracement toward the lower boundary of the channel. Ali Charts marked that lower area near $2,210, with intermediate levels around $2,290 and $2,250. However, a daily close above $2,375 would change the short term setup. Ali Charts said that move could trigger a 7% bullish breakout, with the next structural target near $2,550. For now, Ethereum remains at a key resistance zone. The next signal depends on whether ETH confirms a close above the channel top or faces another rejection from the same pattern. Ethereum Holds Near Breakout Zone as Wave Count Points to $2,646 Target Ethereum is testing a key short term resistance area on the 1 hour ETHUSD chart shared by More Crypto Online. The chart shows ETH pressing near a descending resistance line, while the wave count leaves room for a possible move toward the upper target area. The main resistance sits near the current breakout zone, where ETH has already paused after its recent recovery. If buyers push price above this descending line, the chart points to higher levels near $2,646, marked as the 100% extension target. However, the chart also shows several retracement zones below the market. The first support area sits around $2,325, followed by $2,304, $2,284, and $2,256. These levels could matter if Ethereum fails to break higher and starts another pullback. A deeper decline would shift attention toward the larger support box below. That zone includes levels near $2,240, $2,178, $2,119, and $2,037, which appear as broader downside retracement areas. For now, Ethereum remains in a decision zone. A clean break above the descending resistance line would support the bullish wave structure. However, failure at this level could send ETH back into the marked support zones before another upside attempt.

5 May 2026, 23:15

Strategy Reports Q1 Results: Over $12 Billion In Red Ink—Here Are The Key Figures

Strategy, the world’s largest publicly traded Bitcoin (BTC) holder, released its first-quarter (Q1) financial results on Tuesday, and the headline number was stark: more than $12 billion in losses. Strategy Q1 Financial Snapshot In its report, the company said its operating loss for Q1 2026 totaled $14.47 billion, compared with $5.92 billion in Q1 2025. Strategy also broke out the main driver of that operating loss, stating that Q1 2026 operating loss included an unrealized loss on the company’s digital assets of $14.46 billion. Related Reading: XRP Near $1.40—What Could Spark A Move To $1.70, And How The CLARITY Act Fits In Strategy’s net loss for the first quarter of 2026 came in at $12.54 billion, or $38.25 per common share on a diluted basis. That compared with a net loss of $4.22 billion, or $16.49 per common share on a diluted basis, in the prior-year quarter. The company also provided an update on liquidity. As of March 31, 2026, Strategy reported cash and cash equivalents of $2.21 billion, compared with $2.30 billion as of December 31, 2025. On the revenue side, Strategy recorded total revenues of $124.3 million in Q1 2026, up from $111.1 million in Q1 2025—an increase of 11.9% year over year. Bitcoin Numbers Disclosed Strategy also included a Bitcoin performance snapshot. Through 2026 year-to-date, the company reported a BTC yield of 9.4%. It also reported a BTC dollar gain of $4.97 billion for 2026 year-to-date. As of May 3, 2026, Strategy said its digital assets were comprised of approximately 818,334 Bitcoin. The company reported an original cost basis and market value of $61.81 billion and $64.14 billion, respectively. Related Reading: DTCC Tokenized Securities Roadmap: Pilot In July, Scale Up In October—With Big Names Like Ripple For Strategy, that translates to an average cost per Bitcoin of approximately $75,537 and an average market price per Bitcoin of approximately $78,374 as of May 1, 2026. On Tuesday, Strategy’s stock, which trades under the ticker name MSTR, closed the trading session at $186, marking a 3% increase for the day, as Bitcoin surpassed the $81,000 mark. Featured image created with OpenArt, chart from TradingView.com

5 May 2026, 23:13

Bitcoin Price Prediction: BTC Tests Breakout After 3-Month High

Bitcoin is pushing into a key resistance zone after its strongest daily close in three months. However, BTC still needs a clean breakout above trendline resistance and RSI pressure to confirm stronger momentum. Bitcoin RSI Keeps Breakout Unconfirmed Bitcoin traded near $80,470 on the 1 day BTCUSDT perpetual chart shared by Elja. The chart shows BTC recovering from its February low, but price has not confirmed a breakout above the rising resistance line. BTC moved from the lower $60,000 area toward the $80,000 zone during the recent recovery. However, the latest candle sits near the trendline, where Bitcoin still needs a clean daily close above resistance. Bitcoin RSI Resistance Chart. Source: Elja on X The RSI also shows pressure near the upper resistance zone. It stood around 66.91, while the red resistance area sits near the 70 level. That means momentum has improved, but it has not entered a clear breakout phase yet. Elja said Bitcoin is still struggling against RSI resistance. The chart supports that view because the RSI has tested the same upper zone several times without a strong move above it. This setup matters because price and RSI are both near key resistance areas. If Bitcoin breaks above the trendline while RSI moves above the red zone, buyers would get stronger confirmation. For now, the chart shows Bitcoin in a recovery phase, not a confirmed breakout. BTC needs stronger momentum above both price resistance and RSI resistance to change the structure. Until then, the $80,000 area remains the main level to watch. Bitcoin Hits Three Month Closing High as BTC Tests Trendline Resistance Bitcoin reached its highest daily close in three months, according to the BTC daily chart shared by Super฿ro. The chart shows BTC recovering from the February selloff and pressing into a rising diagonal resistance area near the low $80,000 range. The move followed a steady rebound from the lower $60,000 area in late February and March. Since then, Bitcoin has printed a sequence of higher lows and higher highs, showing stronger short term momentum. Bitcoin Three Month Closing High Chart. Source: Super฿ro on X However, BTC is now testing an important resistance zone. The white trendline on the chart sits just above the latest candles, while the 200 day moving average also appears near the same area. That makes the current region important for confirmation. Super฿ro also pointed to more than $1 billion in spot Bitcoin ETF inflows over the last two days. Strong ETF inflows can support market demand because they show fresh capital entering Bitcoin products. Still, the chart does not show a confirmed breakout yet. BTC needs a clean daily close above the trendline and the nearby moving average area to strengthen the bullish setup. If Bitcoin clears this resistance, the next area to watch sits around the mid $80,000 range. If it fails, price could retest the recent breakout area near $78,000 to $80,000 before another attempt higher.

5 May 2026, 23:08

From Miami, Ripple CEO Warns Crypto’s Biggest Bill Is Running Out of Time

Ripple CEO Brad Garlinghouse has said the next two weeks could determine whether broad U.S. crypto legislation has a realistic path to becoming law before the political calendar becomes harder to manage. Speaking at Consensus Miami, Garlinghouse said the Senate Banking Committee needs to move forward with a markup soon. He warned that if the committee does not act in the coming weeks, the chances of passing a market structure bill could fall sharply. The legislation, commonly tied to the CLARITY Act framework, aims to create federal rules for digital assets and divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. US Senate Timeline Becomes Critical The House passed its version of the crypto market structure bill last year, but the Senate process has moved more slowly. A bill must advance through both the Senate Agriculture Committee and the Senate Banking Committee before reaching the full Senate. The Agriculture Committee has already moved its version forward. The Banking Committee has faced delays, including disagreements over stablecoin rewards, conflicts of interest, and illicit finance rules. A recent compromise between Sens. Angela Alsobrooks and Thom Tillis on stablecoin rewards could clear one major obstacle. However, Garlinghouse said time remains the main challenge as the November midterm elections approach. He said if the process slips into the campaign season, crypto legislation could become too politically difficult to complete. Ripple Pushes Growth Without IPO Plans Garlinghouse also confirmed that Ripple has no immediate plans for an initial public offering. He said the company is well-funded and does not need public capital to continue expanding. Ripple President Monica Long has also said an IPO is not a current priority. The company is instead focusing on product growth, acquisitions, stablecoin infrastructure, and institutional financial services. Ripple’s treasury infrastructure reportedly processed about $13 trillion in payments over the past year. Garlinghouse said those flows were not initially crypto or stablecoin-based, pointing to a large opportunity to move traditional payment activity onto blockchain rails over time. Ripple has also expanded through acquisitions, including its $1.25 billion purchase of Hidden Road, now known as Ripple Prime. The company has also launched RLUSD, its regulated dollar-backed stablecoin. Regulatory Certainty Remains the Main Issue Even for IPO Garlinghouse said Ripple would only seriously consider an IPO after stronger regulatory certainty in the United States. The company has spent years in litigation with the SEC over XRP. A federal judge previously ruled that XRP itself is not inherently a security, although some direct institutional sales by Ripple were treated as securities transactions. Garlinghouse said that ruling gave clarity to XRP, but the wider industry still needs federal legislation. Regulators have issued guidance and token taxonomies under current leadership, but Garlinghouse said agency policy can change under future administrations. He said codifying crypto rules into law would make the framework more durable. The debate arrives as U.S. crypto firms seek clear rules for exchanges , stablecoins, custody, token issuance, and institutional trading. Garlinghouse said the CLARITY Act remains important because it could define how digital assets are treated beyond XRP. Ripple’s position is that the industry has gained momentum, but the window for passing legislation is narrowing. The next Senate Banking Committee action will show whether the bill can advance before election politics take over.