Invest ideasNews
4 May 2026, 08:00
USD/JPY Surges Past 157.00 After Dramatic Yen Intervention Plunge to 155.70
BitcoinWorld USD/JPY Surges Past 157.00 After Dramatic Yen Intervention Plunge to 155.70 The USD/JPY currency pair has staged a sharp recovery, approaching the 157.00 mark after a suspected intervention by Japanese authorities drove it down to a low of 155.70. This dramatic intraday swing has captured the attention of global forex markets. Traders and analysts are now assessing the implications of this direct action. USD/JPY Intervention: A Closer Look at the 155.70 Plunge The suspected intervention occurred during a period of thin liquidity. The Japanese Ministry of Finance likely stepped in to support the Yen. This action pushed the USD/JPY pair down from levels above 157.50 to a session low of 155.70. The move was swift and decisive. It represents a clear warning to speculative short-sellers. Market participants immediately recognized the signature of official intervention. The speed and scale of the move were inconsistent with normal market flows. Volume spiked dramatically during the move. This confirms a large, coordinated sell order of US dollars against the Yen. Japanese officials have maintained a policy of vigilance. They have repeatedly warned against rapid, speculative moves. This intervention follows a period of sustained Yen weakness. The currency has been under pressure due to the interest rate differential between Japan and the US. Market Reaction and Immediate Aftermath Following the initial shock, the USD/JPY pair rebounded quickly. It climbed back towards the 157.00 level within hours. This recovery suggests that the intervention may have only a temporary effect. The underlying drivers of Yen weakness remain in place. The US-Japan interest rate gap is a primary factor. The Federal Reserve maintains higher rates. The Bank of Japan keeps its policy rate ultra-low. This difference encourages carry trades. Investors borrow cheap Yen to buy higher-yielding US dollars. Geopolitical uncertainty also plays a role. The Yen is traditionally a safe-haven currency. However, its recent weakness has reduced its appeal. Traders are now questioning the effectiveness of further interventions. Expert Analysis on Intervention Strategy Currency strategists note that solo interventions rarely change long-term trends. They require coordinated action with other central banks. The US Treasury has historically been reluctant to support Yen interventions. This limits Japan’s ability to fight market forces alone. Japan’s intervention history provides context. Previous operations in 2022 also saw temporary Yen strength. The currency eventually resumed its weakening path. The current intervention appears to follow a similar playbook. Analysts believe the trigger level is fluid. The Ministry of Finance likely acts to prevent disorderly moves. The 155.00 level may be a new line in the sand. However, market participants will test this resolve. Fundamental Drivers Behind the Yen’s Weakness The Yen’s decline is a multi-year trend. It is rooted in fundamental economic divergence. Japan’s economy faces structural challenges. These include an aging population and low productivity growth. Monetary policy divergence is the key catalyst. The Bank of Japan maintains negative short-term rates. It also caps long-term bond yields through yield curve control. This policy is in stark contrast to the Federal Reserve’s tightening cycle. Inflation dynamics also differ. US inflation has been persistent. This forced the Fed to raise rates aggressively. Japanese inflation, while rising, remains below the BOJ’s 2% target. This justifies the BOJ’s accommodative stance. The trade balance has shifted. Japan has run trade deficits recently. This is due to high energy import costs. A weaker Yen exacerbates these costs. It creates a negative feedback loop for the currency. Impact on Global Forex Markets and Risk Sentiment The USD/JPY intervention has ripple effects across global markets. It influences other major currency pairs. The Euro and British Pound also saw volatility. Risk sentiment took a brief hit. Investors moved to safe-haven assets like gold and US Treasuries. The intervention highlights the risks of carry trades. Many investors were short the Yen. The sudden spike in Yen value caused significant losses. This could lead to a broader de-risking event. Traders may reduce their overall exposure to emerging markets. Equity markets showed a mixed reaction. Japanese stocks initially fell. Exporters benefit from a weak Yen. A stronger Yen hurts their competitiveness. US stocks were relatively unaffected. The focus remained on domestic economic data. Bond markets saw a brief flight to quality. US Treasury yields dipped slightly. The Japanese government bond market remained stable. The BOJ’s yield curve control policy anchors long-term rates. Timeline of Key Events and Official Statements The intervention occurred during the Asian trading session. It began around 10:00 AM Tokyo time. The USD/JPY pair dropped over 150 pips in minutes. Trading volumes surged to multi-month highs. Japanese officials have not confirmed the intervention. This is standard practice. They often maintain ambiguity to maximize market impact. However, the market’s interpretation is clear. Finance Minister Shunichi Suzuki has made repeated warnings. He stated that the government would take decisive action against excessive moves. The intervention aligns with these statements. Vice Finance Minister for International Affairs Masato Kanda oversees currency policy. He is known for his direct communication style. The US Treasury Department has not commented publicly. Their stance on currency intervention is crucial. They generally prefer market-determined exchange rates. However, they have tolerated Japanese interventions in the past. Technical Analysis: Key Levels for USD/JPY From a technical perspective, the USD/JPY pair is at a critical juncture. The 157.00 level acts as immediate resistance. A sustained break above this level could signal further strength. The next major resistance is at 158.00, a psychological barrier. Support levels are now defined by the intervention low. The 155.70 area is a strong support. A break below this level would indicate a failed intervention. The next support is at 155.00, a key round number. Momentum indicators are mixed. The Relative Strength Index (RSI) is neutral. It does not show extreme overbought or oversold conditions. This suggests the market is consolidating. The Moving Average Convergence Divergence (MACD) is flat. It indicates a lack of clear directional bias. Traders should watch for a breakout above 157.50. This would confirm the bullish trend. A break below 155.70 would signal renewed Yen weakness. The intervention has created a new trading range. Future Outlook: Will the Intervention Hold? The effectiveness of this intervention is uncertain. History suggests that solo actions have limited long-term impact. The fundamental drivers of Yen weakness remain intact. The interest rate differential is the most powerful force. The Bank of Japan’s policy stance is the key variable. Any shift towards normalization would support the Yen. However, the BOJ is cautious. They fear disrupting the economy. Premature tightening could derail the recovery. Global economic conditions also matter. A US recession would weaken the dollar. This would naturally strengthen the Yen. Conversely, a strong US economy would keep pressure on the Yen. Geopolitical risks could trigger safe-haven flows. The Yen could benefit from risk aversion. However, its recent correlation with risk sentiment has been inconsistent. Conclusion The suspected Yen intervention has created a dramatic move in the USD/JPY pair. The currency fell to 155.70 before rebounding towards 157.00. This action underscores the challenges facing Japanese authorities. They are fighting powerful market forces. The intervention provides a temporary reprieve. However, the long-term trend depends on fundamental factors. Traders should remain vigilant. The market is likely to test the resolve of Japanese officials. The USD/JPY pair remains a key barometer for global risk sentiment. FAQs Q1: What is a currency intervention? A currency intervention is a deliberate action by a central bank or finance ministry to influence the value of its currency. In this case, Japan likely sold US dollars and bought Japanese Yen to strengthen the Yen. Q2: Why did Japan intervene in the USD/JPY market? Japan intervened to counter rapid and speculative depreciation of the Yen. A weak Yen increases import costs and hurts consumers. Authorities aim to prevent disorderly market moves. Q3: How effective is a solo currency intervention? Solo interventions often have a temporary effect. They can provide a short-term shock to markets. However, they rarely change long-term trends driven by fundamental factors like interest rate differentials. Q4: What are the key levels to watch for USD/JPY? Key resistance is at 157.00 and 158.00. Key support is at 155.70 (the intervention low) and 155.00. A break above 157.50 signals bullish momentum. A break below 155.70 suggests the intervention failed. Q5: How does the USD/JPY intervention affect other markets? The intervention can cause volatility in other currency pairs, equity markets, and bonds. It can trigger a de-risking event, impacting emerging market currencies and risk assets like stocks. This post USD/JPY Surges Past 157.00 After Dramatic Yen Intervention Plunge to 155.70 first appeared on BitcoinWorld .
4 May 2026, 07:46
Ripple CEO Dismisses IPO Push Since Gemini and Kraken Have Struggled After Listing
Ripple Pumps the Brakes on IPO Plans At XRP Las Vegas 2026, Brad Garlinghouse cut through months of IPO speculation with a clear message that Ripple isn’t in a rush to go public, it’s choosing to wait. “We have not prioritized going public for a whole bunch of reasons,” Garlinghouse said, citing the lackluster post-IPO performance of crypto firms like BitGo, Gemini, and Kraken. “They haven’t done well — we’re just not in a hurry to get down that path.” It’s a notable stance in an industry where public listings are often framed as a milestone of legitimacy. For Ripple, though, timing appears to matter since the company has spent years navigating regulatory scrutiny, and its leadership seems intent on avoiding the volatility and disclosure pressures that come with going public too soon. Delving Deeper into the Ripple IPO Issue Notably, It’s not as simple as a flat no IPO for Ripple. At the same event, former Ripple CTO David Schwartz noted that discussions around a possible listing have continued internally, especially after the political shift following Donald Trump’s return to office in 2024. This detail points to a more measured stance, Ripple isn’t rejecting an IPO, but waiting for the right mix of regulatory clarity, market conditions, and strategic timing. Earlier in 2026, Ripple itself downplayed IPO speculation, making it clear that its focus is elsewhere for now. Compliance, infrastructure, and deeper institutional adoption of XRP have taken priority. This move reflects a wider shift across the crypto industry, where long-term credibility with regulators and major financial institutions is becoming more important than rushing to go public. Meanwhile, the IPO speculation picked up steam in mid-2025 after attorney John Deaton suggested Ripple could justify a valuation near $100 billion. Around the same time, XRP-linked financial activity accelerated, with Chicago Mercantile Exchange XRP futures topping $500 million in notional volume, fueling expectations that a public listing might be next in line. But one thing is clear, Brad Garlinghouse’s latest remarks point in a different direction. Rather than rushing to capitalize on momentum, Ripple seems intent on playing the long game. The focus, for now, is on strengthening fundamentals, expanding real-world utility, deepening institutional adoption, and staying aligned with evolving regulatory frameworks. In a sector where companies often move to market on hype cycles, Ripple is clearly opting for restraint. The message is simple: scale and structure first, public markets later.
4 May 2026, 07:45
Bitcoin Trend Reversal Signal: Improving MSTR/BTC Ratio Sparks Analyst Optimism
BitcoinWorld Bitcoin Trend Reversal Signal: Improving MSTR/BTC Ratio Sparks Analyst Optimism A prominent crypto market analyst has identified a potential BTC trend reversal signal. This signal comes from an improving ratio between MicroStrategy’s stock price and Bitcoin’s price. Real Vision analyst Jamie Coutts shared this observation on social media platform X. He explains that the MSTR/BTC ratio has historically acted as a leading indicator for Bitcoin’s price movements. Understanding the MSTR/BTC Ratio as a Leading Indicator Jamie Coutts provides detailed analysis of the MSTR/BTC ratio. He notes that this metric has successfully predicted Bitcoin price trends in the last two market cycles. In the 2022 cycle, the ratio bottomed out and started forming higher lows. This shift occurred several weeks before Bitcoin itself began its recovery phase. The current observation shows the ratio has moved from a bearish to a neutral range. This change suggests that selling pressure may be easing. The MSTR/BTC ratio compares the market value of MicroStrategy’s stock against the price of Bitcoin. MicroStrategy holds a significant amount of Bitcoin on its balance sheet. Therefore, its stock price often correlates with Bitcoin’s performance. However, the ratio can deviate, providing unique insights. When the ratio improves, it indicates that MSTR stock is outperforming Bitcoin. This outperformance can signal growing institutional confidence in Bitcoin-related equities. Key aspects of the MSTR/BTC ratio include: Historical accuracy: It has predicted trend reversals in previous cycles. Leading nature: It changes weeks before Bitcoin’s price shifts. Current status: The ratio has shifted from bearish to neutral territory. This shift does not confirm a bullish turn yet. Coutts emphasizes that it is too early to declare a definitive trend change. He is watching for further confirmation in the coming weeks. The neutral zone indicates that the market is at a critical juncture. Implications for Bitcoin’s Price Trajectory The potential BTC trend reversal carries significant implications for the broader cryptocurrency market. A sustained improvement in the MSTR/BTC ratio could precede a major Bitcoin price rally. This would affect not only Bitcoin but also altcoins and related financial products. Institutional investors closely monitor such indicators. They use them to time their entries and exits. MicroStrategy remains one of the largest corporate holders of Bitcoin. The company’s stock performance reflects investor sentiment toward its Bitcoin strategy. When the MSTR/BTC ratio rises, it suggests that investors view MicroStrategy’s approach favorably. This positive sentiment can spill over into the Bitcoin market. It encourages more buying activity and reduces selling pressure. Historical data supports this correlation. In 2020, the MSTR/BTC ratio bottomed in March. Bitcoin then began its major uptrend in October. Similarly, in 2022, the ratio bottomed in November. Bitcoin started recovering in January 2023. These patterns highlight the ratio’s reliability as a leading indicator. Factors that could influence the ratio include: MicroStrategy’s Bitcoin purchases: Additional buys can boost stock price. Market sentiment: Positive news about Bitcoin adoption lifts both assets. Macroeconomic conditions: Interest rate changes affect risk assets. Investors should consider these factors when interpreting the ratio. A neutral reading does not guarantee a reversal. It merely signals that the worst of the bearish trend may be over. Expert Analysis on the Current Market Phase Jamie Coutts brings extensive experience in crypto market analysis. His track record includes accurately calling previous trend reversals. He emphasizes that the MSTR/BTC ratio is just one tool. It should be used alongside other indicators. The current neutral reading suggests that the market is at a pivotal point. Coutts explains that the ratio’s shift from bearish to neutral is significant. It indicates that the downward momentum has stalled. However, a bullish confirmation requires the ratio to move into positive territory. This would mean MSTR stock is consistently outperforming Bitcoin. Such a move would likely precede a sustained Bitcoin rally. The analyst’s approach combines technical analysis with on-chain data. He looks for multiple signals aligning. This increases the probability of accurate predictions. The MSTR/BTC ratio is one of his preferred leading indicators. Its current reading adds weight to the case for a potential trend reversal. Broader Market Context and Investor Sentiment The potential BTC trend reversal occurs against a backdrop of mixed market sentiment. Bitcoin has faced significant volatility in recent months. Regulatory developments and macroeconomic factors have influenced prices. The improving MSTR/BTC ratio offers a glimmer of hope for bullish investors. Institutional interest in Bitcoin remains strong. Companies like MicroStrategy continue to accumulate the asset. This corporate demand provides a floor for prices. The MSTR/BTC ratio captures this dynamic. It reflects the relative strength of Bitcoin-exposed equities. Retail investors also watch these signals. They often follow institutional cues. A confirmed trend reversal could trigger renewed buying interest. This would create a positive feedback loop. Higher prices attract more buyers, driving further gains. Key market indicators to watch include: Bitcoin dominance: Rising dominance supports a Bitcoin-led rally. Exchange inflows: Declining inflows suggest reduced selling pressure. Funding rates: Neutral rates indicate balanced sentiment. These indicators, combined with the MSTR/BTC ratio, provide a comprehensive picture. Investors should monitor them for confirmation of a trend reversal. Conclusion The improving MSTR/BTC ratio presents a compelling case for a potential BTC trend reversal . Analyst Jamie Coutts highlights its historical accuracy as a leading indicator. The ratio has shifted from bearish to neutral territory. While it is too early to confirm a bullish turn, the signal warrants close attention. Investors should watch for further confirmation in the coming weeks. A sustained improvement could precede a significant Bitcoin price rally. FAQs Q1: What is the MSTR/BTC ratio? The MSTR/BTC ratio compares MicroStrategy’s stock price to Bitcoin’s price. It serves as a leading indicator for Bitcoin trend reversals. Q2: How accurate is the MSTR/BTC ratio as a predictor? It has accurately predicted Bitcoin trend reversals in the last two market cycles. It bottomed weeks before Bitcoin recovered in both 2020 and 2022. Q3: What does a neutral MSTR/BTC ratio mean? A neutral reading indicates that the bearish momentum has stalled. It does not confirm a bullish turn but suggests the market is at a critical juncture. Q4: Who is Jamie Coutts? Jamie Coutts is a crypto market analyst at Real Vision. He specializes in on-chain and technical analysis, with a focus on leading indicators. Q5: Should investors buy Bitcoin based on this signal? No single indicator should drive investment decisions. The MSTR/BTC ratio is one tool among many. Investors should conduct their own research and consider multiple factors. This post Bitcoin Trend Reversal Signal: Improving MSTR/BTC Ratio Sparks Analyst Optimism first appeared on BitcoinWorld .
4 May 2026, 07:41
Pundit Says XRP Haters Will Be Proven Wrong. Here’s why
Confidence in XRP’s future value resurfaced on X after a brief but firm statement from crypto researcher SMQKE. Responding to a post by XRP enthusiast Tony, SMQKE delivered a clear position on the asset’s price direction, reinforcing a viewpoint tied to XRP’s role in global payment infrastructure. The exchange, supported by a detailed video explaining XRP’s utility in liquidity and transaction efficiency, presents a perspective that continues to shape expectations around its long-term performance. People. will crap on XRP and say that it won't go up in price but they will be proven wrong. Listen to this https://t.co/fejZQ00aTX — Tony (@_Sab3r_6) April 29, 2026 Tony’s post emphasized skepticism surrounding XRP’s price trajectory while urging readers to consider a previously shared video. In that earlier content , a speaker outlined XRP’s functions within a broader financial infrastructure designed to support global payment flows. The video described XRP as a tool for creating liquidity across international transactions, enabling faster and more efficient movement of value. The speaker explained that liquidity is a central component of the system and positioned XRP as a key mechanism in achieving it. By integrating blockchain-based solutions with governance structures and established financial processes, the system aims to increase transaction speed and accessibility. The presentation also noted that XRP helps improve the velocity of payments globally, which is essential for institutions managing cross-border operations. Video Details XRP’s Integration in Payment Systems The highlighted video provided a detailed explanation of how XRP fits into a multi-layered financial technology stack. According to the speaker, the system combines blockchain elements with traditional financial infrastructure, including rule sets, governance, and messaging protocols. XRP is used in the liquidity layer, where it facilitates the movement of funds between different currencies and jurisdictions. The speaker also emphasized the role of application programming interfaces, which allow both banks and corporate users to access the system efficiently. These APIs are designed to simplify the use of Ripple’s processing capabilities, whether deployed internally by financial institutions or accessed through hosted services. The goal, as described, is to make the technology widely accessible while maintaining operational consistency. Further remarks in the video indicated that the platform extends beyond blockchain alone. It incorporates cryptographic messaging, proprietary protocols, and governance frameworks to ensure reliability and scalability. The speaker stated that this comprehensive approach has contributed to increasing global adoption, as it offers a more complete solution compared to experimental or fragmented technologies. Researcher Issues Direct Price Statement Following Tony’s post and the renewed attention on the video, SMQKE responded with a concise statement: “XRP will go up in price.” The comment did not include additional context or analysis but aligned with the sentiment expressed in the earlier content. The timing of the statement suggests that SMQKE views the fundamentals highlighted in the video as supportive of future price appreciation. By pointing to XRP’s role in liquidity provision and global payment infrastructure, the discussion reinforces the idea that its utility could influence its market performance. While the statement remains brief, it reflects a consistent position often associated with long-term XRP supporters. The combination of technological integration, institutional use cases, and expanding accessibility continues to be cited as a basis for positive expectations regarding its value. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Pundit Says XRP Haters Will Be Proven Wrong. Here’s why appeared first on Times Tabloid .
4 May 2026, 07:40
Gold Price Plunges Below $4,600 as Inflation Data Triggers Hawkish Fed Rate Outlook
BitcoinWorld Gold Price Plunges Below $4,600 as Inflation Data Triggers Hawkish Fed Rate Outlook Gold slides further below $4,600 per ounce as fresh inflation data reinforces expectations for a hawkish Federal Reserve rate policy. The precious metal now trades at its lowest level in three months, erasing gains from early 2025. Gold Price Below $4,600: Market Reaction Spot gold dropped 1.8% on Tuesday, settling at $4,572 per ounce. This marks the fourth consecutive session of declines. The sell-off accelerated after the U.S. Bureau of Labor Statistics reported a 0.4% month-over-month increase in core inflation for February. Annual inflation now stands at 3.6%, well above the Fed’s 2% target. Traders immediately adjusted their rate expectations. The CME FedWatch Tool now shows a 72% probability of a 25-basis-point rate hike at the March meeting. Just one week ago, that probability stood at 45%. Higher interest rates increase the opportunity cost of holding non-yielding assets like gold. Hawkish Rate Outlook Drives Selling Pressure The Federal Reserve’s messaging has turned increasingly hawkish. Chair Jerome Powell recently stated that the central bank remains “data-dependent” and prepared to raise rates further if inflation does not cool. This rhetoric has strengthened the U.S. dollar, which rose 0.6% against a basket of major currencies on Tuesday. A stronger dollar typically weighs on gold prices, as the metal is priced in dollars. Real yields also climbed. The 10-year Treasury Inflation-Protected Securities (TIPS) yield jumped to 2.1%, its highest level since November 2024. Higher real yields make gold less attractive compared to bonds. Historical Context: Gold and Rate Hikes Gold historically struggles during periods of aggressive Fed tightening. In 2022, the metal fell 15% over six months as the Fed raised rates by 425 basis points. The current environment mirrors that cycle. Analysts at Goldman Sachs note that gold tends to underperform for three to six months after the first rate hike in a tightening cycle. However, some experts argue that this sell-off may be overdone. The World Gold Council points out that central bank buying remains robust. In January 2025, global central banks added 45 tonnes to their reserves, the highest monthly total since July 2024. Impact on Mining Stocks and ETFs The decline in gold prices has rippled through equity markets. The NYSE Arca Gold Miners Index fell 3.2% on Tuesday. Major producers like Newmont Corporation and Barrick Gold each lost over 4%. The SPDR Gold Trust (GLD), the largest gold-backed ETF, saw outflows of $1.2 billion, the largest single-day withdrawal since March 2023. Junior miners faced even steeper losses. Many small-cap exploration companies rely on sustained gold prices above $4,500 to fund operations. A prolonged drop below that level could force project delays or equity dilution. Technical Analysis: Key Support Levels Chart analysts point to $4,500 as the next critical support level. A break below that could trigger further selling toward $4,400. The 50-day moving average has already crossed below the 200-day moving average, forming a “death cross” — a bearish signal. Resistance now sits at $4,650, the level from which the current decline began. Trading volumes have spiked. On Tuesday, COMEX gold futures volume reached 450,000 contracts, nearly double the 30-day average. This suggests institutional selling rather than retail panic. What This Means for Investors For long-term holders, the current sell-off may present a buying opportunity. Historical data shows that gold rebounds an average of 8% in the six months following the last rate hike of a cycle. The Fed’s own projections suggest rates may peak by mid-2025. Short-term traders, however, face headwinds. The dollar strength and rising yields show no immediate signs of reversing. Until inflation data softens consistently, the hawkish rate outlook will likely keep gold under pressure. Conclusion Gold slides further below $4,600 as inflation-driven hawkish rate outlook dominates market sentiment. The precious metal faces headwinds from a stronger dollar, rising real yields, and increased probability of further Fed rate hikes. While central bank buying provides some support, technical indicators suggest more downside risk in the near term. Investors should monitor upcoming inflation reports and Fed statements for clues on the next major move in gold prices. FAQs Q1: Why is gold price falling below $4,600? A1: Gold is falling due to stronger-than-expected inflation data, which increases the likelihood of further Federal Reserve rate hikes. Higher rates make gold less attractive compared to interest-bearing assets. Q2: How does a hawkish Fed rate outlook affect gold? A2: A hawkish outlook means the Fed is likely to raise or maintain high interest rates. This strengthens the dollar and raises bond yields, both of which typically push gold prices lower. Q3: Is this a good time to buy gold? A3: It depends on your investment horizon. Long-term investors may find value at current levels, especially if central bank buying continues. Short-term traders should expect continued volatility until inflation data improves. Q4: What are the key support levels for gold? A4: The next major support is at $4,500 per ounce. A break below that could lead to a test of $4,400. Resistance is at $4,650. Q5: How are gold mining stocks reacting? A5: Mining stocks have fallen sharply, with major producers losing 4% or more. Junior miners are particularly vulnerable if gold stays below $4,500 for an extended period. This post Gold Price Plunges Below $4,600 as Inflation Data Triggers Hawkish Fed Rate Outlook first appeared on BitcoinWorld .
4 May 2026, 07:32
Altcoins With Double-Digit Gains as Bitcoin Rocketed to 3-Month High: Market Watch
Bitcoin’s weekend sluggishness came to an end on Monday morning with a notable price surge above $80,500 for the first time since late January. Most altcoins are also in the green today, with ETH going close to $2,400 and XRP reclaiming the $1.40 level. ZEC, UNI, WLFI, and ONDO are the top performers from the larger caps. BTC Jumped Past $80K The previous business week also began with a price surge to $79,500 at the time, but it was quickly stopped, and BTC plunged to under $76,000 by Tuesday. More volatility ensued on Wednesday before and after the third FOMC meeting for the year as BTC jumped to $78,000 ahead of the event and dipped to under $75,000 once it concluded, and it became known that the Fed won’t change the rates. Bitcoin rebounded in the following few days, especially on Friday, after reports that Iran had sent a new peace proposal to the US. BTC jumped to almost $79,000 before it was stopped after Trump rejected it. During the mostly quiet weekend, bitcoin pumped once again to $79,200 after another proposal was sent, but the same scenario repeated once Washington said no. The cryptocurrency went on the run in the early Monday hours, rocketing past $80,000 for the first time since January 31. It touched $80,600 on some exchanges before it was stopped and now sits inches below $80,000. Its market capitalization has climbed to $1.6 trillion, while its dominance over the alts stands tall at 58.5% on CG. BTCUSD May 4. Source: TradingView Alts With Double-Digit Pumps Ethereum is up to $2,370 after a 2.6% increase today, XRP is up to $1.41, while BNB has neared $630. Solana has tapped $85, while DOGE is up by 4% to a local low of over $0.11. XMR has reclaimed the $400 resistance after a 4% jump. ZEC is above $410 following a notable 7.3% surge daily. The top 100 alts have a new rep, SKYAI. The token has skyrocketed by 40% daily to $0.60, making it the best performer. DASH (30%), SIREN (20%), and ONDO (11%) complete the double-digit price gainers club. The total crypto market cap has added over $50 billion in a day and is up to $2.730 trillion on CG. Cryptocurrency Market Overview May 5. Source: QuantifyCrypto The post Altcoins With Double-Digit Gains as Bitcoin Rocketed to 3-Month High: Market Watch appeared first on CryptoPotato .
