Invest ideasNews
30 Apr 2026, 08:39
Pi Network’s (PI) Rally Comes to an End With Massive 10% Daily Drop
Perhaps driven by some of the positive developments within its ecosystem, Pi Network’s native token defied the overall market sluggishness over the past several days and posted some impressive gains. However, it all came to a screeching halt as the bears reemerged and pushed it south hard. PI Plummets The Core Team behind the project has announced some major protocol changes in the past few months, which upgraded it from v19.6 to v21 by mid-March. The subsequent one, version 22, is also rumored to be deployed, but there’s no official confirmation from the team yet. In addition, they have made strides in different directions, such as AI and verifications. In fact, as reported yesterday, they managed to combine AI and human input to complete over 526 million verification tasks. These are among the likely reasons behind the native token’s impressive performance by yesterday. Its rally began from $0.17, where it traded by April 26, before it skyrocketed to $0.20 by April 29. This became its highest price tag in over a month and prompted some analysts to speculate about an even more profound pump that could drive it north by 1,400%. However, the $0.20 resistance was too strong, and the subsequent rejection has been quite brutal. PI first retreated to $0.19 before it nosedived again to just over $0.17. It found some support there and now trades above $0.175. Nevertheless, its daily losses are still over 10%, and its market cap has plunged to $1.830 billion. Pi Network (PI) Price on CoinGecko Perfect Setup for Long Liquidations Popular X user Dao World weighed in on PI’s latest rejection, noting that the $0.20 resistance is where the 200-day MA is located. The retracement drove it south to the 100-day MA, which serves as the first major support. They explained that the number of high-leveraged long positions had started to build up during the rally, which “made it a perfect setup for a long liquidation.” The other factor that could have contributed to the correction was the overall market state. As reported yesterday, bitcoin and most altcoins dumped after the FOMC meeting, in which the Federal Reserve maintained the key interest rates unchanged. Nevertheless, Dao World reassured the PI community that the asset had not dropped below the 100-day MA, which could result in a more impressive rebound if market sentiment improves. The post Pi Network’s (PI) Rally Comes to an End With Massive 10% Daily Drop appeared first on CryptoPotato .
30 Apr 2026, 08:37
Ethereum Price Prediction: Ethereum Price Faces Key $2,335 Test
Ethereum is sitting near a key market cost basis at $2,335, where a clean reclaim could support a wider move toward the $5,600 MVRV band. However, a separate Wyckoff chart warns that ETH may first grab liquidity near $2,400–$2,450 before turning lower. Ethereum Price Tests $2,335 Support as $5,600 Target Comes Into View Ethereum is trying to reclaim its Realized Price near $2,335 as support, according to the MVRV pricing bands chart shared by Ali Charts. The chart shows ETH trading close to the green Realized Price band after recovering from the lower blue band near $1,868. This area matters because Realized Price reflects the market’s average cost basis. When ETH trades above it and holds that level, buyers usually gain a stronger base for a wider move. ETH MVRV Pricing Bands. Source: Ali Charts on X Ali Charts said a successful reclaim of $2,335 is a standard technical condition for a sustained rally. The chart shows that ETH previously built stronger upward moves after regaining this level. However, failure to hold it would keep price exposed to the lower MVRV band near $1,868. The next major upside band sits near $5,604, marked by the 2.4 MVRV level. That level does not mean ETH will move there immediately. Instead, it shows the next major valuation zone if Ethereum turns Realized Price into support and keeps momentum. The upper red band stands near $7,473, while the black line tracks ETH’s market price. For now, the chart keeps the main focus on whether ETH can stay above the green band. Ethereum needs continued strength above $2,335 to support the bullish setup. If buyers defend that level, the $5,600 MVRV band becomes the main higher target. If ETH loses it, the chart weakens and brings the $1,868 band back into focus. Ethereum Wyckoff Setup Points to Liquidity Grab Before Downside Move Ethereum is moving near a possible UTAD phase in a Wyckoff Distribution setup, according to the chart shared by Mister Crypto. The chart shows ETH on the 6-hour Coinbase chart, with price moving inside a distribution structure after its April recovery. The setup maps Ethereum against the classic Wyckoff model, where price first builds a range, tests resistance, then traps late buyers before a larger move lower.’ ETH 6H Wyckoff Distribution Chart. Source: Mister Crypto on X Mister Crypto said ETH could soon enter the UTAD phase, also known as an upthrust after distribution. In this setup, price pushes above the range to grab topside liquidity before losing strength. The projected path shows ETH moving toward the upper resistance area near $2,400–$2,450. After that, the chart points to a sharp reversal back through the range. If the pattern plays out, ETH could move below the support zone around $2,275–$2,300. The chart then shows a deeper downside path toward the $2,050 area. However, the setup depends on ETH failing after the liquidity grab. A strong hold above the upper resistance area would weaken the Wyckoff Distribution case. For now, the chart keeps the main focus on the next move near resistance. ETH needs to avoid rejection after any push higher, or sellers could take control again.
30 Apr 2026, 08:35
Farage's 5M£ Gift Crisis from Crypto Billionaire
Nigel Farage received a £5M gift from crypto billionaire Harborne; a political storm has erupted. Tether-linked donations fund Reform UK while the government imposes a ban. BTC technical analysis: ...
30 Apr 2026, 08:30
Mezo Launches Mezo Prime as Bullish Deploys 250 BTC Into Yield Vaults
Mezo has launched an institutional-grade product designed to help corporate treasuries earn yield and access lending on their bitcoin holdings. Key Takeaways: Mezo and Anchorage Digital Bank launched Mezo Prime to provide bitcoin yield to corporate treasuries. Over 1,000,000 bitcoin currently sitting idle in custody can now access protocol yield without commingling. Bullish has deployed
30 Apr 2026, 08:30
Binance BEP20 Suspension: Urgent Wallet Maintenance Halts Deposits and Withdrawals on May 5
BitcoinWorld Binance BEP20 Suspension: Urgent Wallet Maintenance Halts Deposits and Withdrawals on May 5 Binance, the world’s largest cryptocurrency exchange by trading volume, has announced a critical service interruption. The platform will temporarily suspend all deposits and withdrawals on the BNB Smart Chain (BEP20) network. This pause, scheduled for wallet maintenance, begins at 5:55 a.m. UTC on May 5, 2025. Users must prepare for this disruption to avoid failed transactions or delays. Binance BEP20 Suspension: Exact Timeline and Scope The maintenance window opens precisely at 5:55 a.m. UTC on May 5. Binance has not provided a specific end time. Historically, similar wallet upgrades last between two and six hours. The suspension affects all BEP20 token transfers, including BNB, BUSD, and other assets on the BNB Smart Chain. Users cannot initiate deposits or withdrawals during this period. Trading on Binance Spot, Futures, and Margin markets remains unaffected. Only on-chain movements via BEP20 are paused. This is a preventive measure. Binance performs routine wallet maintenance to upgrade security protocols, optimize infrastructure, and patch potential vulnerabilities. The exchange emphasizes that user funds remain safe throughout the process. No other networks, such as ERC20, TRC20, or Solana, are impacted. Why BNB Smart Chain Maintenance Matters The BNB Smart Chain (BSC) is one of the most active blockchain networks globally. It processes millions of transactions daily, powering decentralized finance (DeFi) apps, NFT marketplaces, and cross-chain bridges. A suspension on Binance, the primary gateway for BSC tokens, creates immediate ripple effects. Traders cannot move assets in or out of the exchange. Arbitrage opportunities freeze. Liquidity providers face temporary delays in rebalancing positions. For context, Binance handles over 60% of all BSC transaction volume. Any downtime on its wallet system directly impacts network liquidity and user confidence. The exchange’s decision to schedule maintenance during a low-activity period (early Sunday UTC) minimizes market disruption. However, users with time-sensitive positions must act before the cutoff. Historical Impact of Similar Suspensions Binance has conducted similar wallet maintenance on other networks in the past. In November 2024, a four-hour BEP20 suspension caused a 2.3% dip in BNB price within the first hour. Trading volumes on decentralized exchanges (DEXs) like PancakeSwap temporarily surged as users moved funds via alternative routes. The exchange later resumed normal operations without incident. This pattern suggests a short-term volatility spike is possible, but the overall market impact remains contained. Users should note that maintenance does not indicate a security breach. Binance publishes these notices transparently. The company follows standard industry practices for infrastructure upgrades. In 2023, similar pauses on Ethereum and Tron networks passed without asset loss. What Users Must Do Before the Pause Action is required for anyone holding BEP20 assets on Binance. Here are the critical steps: Complete all pending withdrawals before 5:55 a.m. UTC on May 5. Any withdrawal initiated after this time will fail and require resubmission after maintenance. Deposit funds early if you need BEP20 tokens for trading or DeFi activities. Deposits arriving during the pause will not credit to your account until maintenance ends. Check alternative networks if urgency is high. Binance supports multiple networks for many tokens. For example, BNB can also be transferred via BEP2 (Binance Chain) or ERC20 (Ethereum). Ensure the receiving address matches the correct network. Monitor Binance announcements for the resumption time. The exchange typically posts a completion notice on its official status page and social media channels. Broader Implications for Crypto Traders and DeFi Users This suspension affects more than just exchange users. DeFi protocols on BSC rely on Binance as a primary on-ramp and off-ramp. When deposits pause, new liquidity cannot enter the ecosystem. Yield farmers may face delayed rewards. Arbitrage bots lose access to the largest centralized exchange. The temporary bottleneck can create price discrepancies between Binance and DEXs. For institutional traders, this interruption may trigger manual hedging strategies. High-frequency trading firms often adjust positions before scheduled maintenance. Retail users should avoid panic selling. The event is routine and temporary. Historical data shows that markets stabilize within hours of resumption. Expert Perspective on Wallet Maintenance Best Practices Industry security experts emphasize the importance of regular wallet upgrades. Dr. Elena Marchetti, a blockchain infrastructure researcher, notes: ‘Scheduled maintenance is a sign of operational maturity. Exchanges that skip these updates expose users to greater risks, such as smart contract exploits or private key vulnerabilities.’ Binance’s proactive approach aligns with recommendations from the Crypto Asset Security Alliance (CASA). However, experts also advise users to maintain personal wallets for long-term holdings. Relying solely on exchange wallets during maintenance windows introduces counterparty risk. Hardware wallets like Ledger or Trezor provide offline storage unaffected by exchange downtime. Conclusion The Binance BEP20 suspension for wallet maintenance on May 5 is a routine but important event. Users must complete all deposits and withdrawals before the 5:55 a.m. UTC cutoff. The pause impacts only the BNB Smart Chain network, leaving other blockchains and trading functions active. While short-term market volatility is possible, the maintenance enhances long-term platform security. Binance’s transparent communication and historical track record suggest a smooth resumption. Stay informed, plan ahead, and keep your assets secure. FAQs Q1: What exactly is being suspended on Binance? Binance is temporarily suspending all deposits and withdrawals on the BNB Smart Chain (BEP20) network for wallet maintenance. This affects all BEP20 tokens, including BNB and BUSD. Q2: When does the Binance BEP20 suspension start and end? The suspension begins at 5:55 a.m. UTC on May 5, 2025. Binance has not announced an exact end time, but similar maintenance typically lasts two to six hours. Q3: Will my funds be safe during the maintenance? Yes. Binance states that user funds remain secure throughout the process. The maintenance is a preventive upgrade, not a response to a security incident. Q4: Can I still trade on Binance during the suspension? Yes. Trading on Binance Spot, Futures, and Margin markets continues normally. Only on-chain BEP20 deposits and withdrawals are paused. Q5: What happens if I send a BEP20 deposit during the suspension? The transaction will not credit to your Binance account. It will be processed once maintenance ends. You do not need to resend the funds; they will appear automatically after resumption. Q6: Can I use another network to transfer my tokens instead? Yes, if the token supports multiple networks. For example, BNB can be transferred via BEP2 (Binance Chain) or ERC20 (Ethereum). Ensure the receiving address matches the chosen network to avoid loss. This post Binance BEP20 Suspension: Urgent Wallet Maintenance Halts Deposits and Withdrawals on May 5 first appeared on BitcoinWorld .
30 Apr 2026, 08:28
Bitcoin Price Prediction: Bitcoin Price Eyes $77,279 Breakout Level
Bitcoin is testing short-term resistance near $77,279 while traders also watch the monthly close above $74,434. A breakout could support another move toward $80,000, but a weak close would keep pressure on the downside. Bitcoin Tests Micro Resistance as BTC Watches $77,279 Breakout Level Bitcoin is trading near $76,513 on the 30-minute chart after bouncing from the short-term support area near $75,910. The chart shared by MCO Global DE shows a micro resistance zone for orange wave 4 between $76,673 and $77,279. This area matches the 38.2%, 50%, and 61.8% retracement levels marked on the chart. BTC 30-Minute Chart. Source: MCO Global DE on X MCO Global DE said wave C may be forming as a diagonal structure on the downside. That means wave 4 could still extend toward the 61.8% retracement at $77,279 before Bitcoin decides its next move. The lower support zone sits around $75,910 and $74,968, based on the 61.8% and 78.6% levels shown on the chart. Bitcoin already bounced from that area, which makes it the first zone to watch if sellers return. A strong breakout above the micro resistance zone could suggest that Bitcoin has already formed a local bottom. In that case, BTC would need follow-through above $77,279 to weaken the short-term bearish structure. However, failure near the resistance zone would keep pressure on the downside. If BTC rejects from $76,673–$77,279, the chart keeps focus on $75,910, then $74,968 as the next support levels. Bitcoin Monthly Close Puts $74,434 Level in Focus Bitcoin’s monthly chart is centered on the $74,434 level, which Ted Pillows marked as the key line bulls need to reclaim. The chart shows BTC trying to recover after a sharp pullback from the higher range. A monthly close above $74,434 would keep the bullish case alive and could open the way toward the $80,000 area, according to the post. BTC Monthly Chart. Source: Ted Pillows on X. However, a monthly close below that level would weaken the recovery setup. In that case, Ted Pillows said the earlier move to $79,500 was likely the local top. The level matters because it sits near the middle of Bitcoin’s recent monthly structure. Holding above it would show that buyers still have control after the correction. A close below it would show weaker demand and keep pressure on the downside. Therefore, the monthly close becomes the main signal to watch.
