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Dogecoin Price Tops Tend To Follow Surges In Retail Futures Activity, Analysis Shows

Dogecoin (DOGE) is up 48.7% over the past month, as the broader crypto market rallies amid easing concerns over a potential global tariff war. Although the leading memecoin has posted impressive gains recently, analysts believe there may still be room for DOGE to climb before reaching a cycle top. Analyst Identifies Signal That May Predict Dogecoin Top According to a recent CryptoQuant Quicktake post by contributor burakkemeci, DOGE price tops often align with a surge in retail futures trading activity. The analyst shared the following chart illustrating the relationship between DOGE price peaks and periods of heightened high-frequency futures trading by retail investors. The above chart features red bubbles that mark periods of excessive retail trading activity in the DOGE futures market. These bubbles consistently appear near major price peaks, suggesting the market may be overheating during those phases. Related Reading: Dogecoin Hits Critical Zone—Here’s What 3 Leading Analysts Are Watching In contrast, green and pink bubbles on the chart represent periods with lower retail participation. These phases typically coincide with more stable or “healthier” market conditions, which could offer better entry points for new investors. The analyst emphasized that monitoring these red bubbles may help both traders and investors anticipate potential short-term tops in DOGE. Spikes in retail participation often reflect heightened market greed – frequently a precursor to sharp price corrections. At present, Dogecoin futures activity appears to be in a neutral zone, indicating that the asset may still have room to grow before nearing an overheated state. This view is echoed by crypto analyst Anup Dhungana. In a recent post on X, Dhungana shared the following weekly DOGE chart showing a breakout from a long-term falling wedge pattern – a bullish technical setup that often precedes price rallies. Based on this breakout, the analyst forecasts that DOGE could reach $1 in the current market cycle. All Eyes On $1 DOGE The $1 price target has long been a symbolic milestone for Dogecoin enthusiasts. During the 2021 bull run, DOGE reached an all-time high (ATH) of $0.73 but ultimately fell short of the coveted $1 mark. Related Reading: Dogecoin Pullback May Be Short-Lived—Here’s The Next Price Target This time, however, several analysts believe that Dogecoin could finally hit the $1 milestone. Noted crypto analyst Kevin recently pointed to $1.10–$1.25 as a plausible target, based on Fibonacci retracement levels. However, seasoned market watcher Ali Martinez cautioned that DOGE must first overcome a significant resistance level at $0.36 to sustain its bullish momentum. At press time, DOGE trades at $0.22, up 1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com

Bitcoin Up $18,000, But HODLer Profits Same As On April 1—Here’s Why

On-chain data indicates that the profit margin for Bitcoin long-term holders (LTHs) is currently at 0.69, the same level as when Bitcoin was priced at $85,000, despite the current price being around $103,500. This stability in profitability is attributed to the influx of new buyers into the LTH group, which has diluted the unrealized gains among existing holders.

Bitcoin Outshines All In 2025, Official Report From Russian Central Bank Says

Russia’s Central Bank reports that Bitcoin has outpaced more traditional investments so far in 2025. Returns clocked in at nearly 40% over the past year. That makes it the top performer compared with gold, stocks and bonds. It’s a sign that more people in Moscow are warming up to cryptocurrencies for their daily money moves. Related Reading: Analysis: Crypto Heats Up As $35 Billion Enters Market In Under A Month Bitcoin Leads 2025 Rally According to the Central Bank of Russia, Bitcoin’s cumulative return since 2022 has reached 121%. That towers over any gains seen in gold or corporate bonds during the same period. While gold managed only single‑digit increases, Bitcoin has nearly doubled its value in three years. That jump has grabbed the attention of investors who are used to slower returns from banks or stock funds. Source: Russian Central Bank report. Sharp Swings Test Investors Based on reports from the central bank, Bitcoin’s price swung wildly in early 2025. The first four months brought nearly 20% drop. Many traders faced nerve‑racking weeks as prices slid. But April saw a strong comeback. Bitcoin climbed more than 10% that month, easing worries among those who watched its dip. Those fast moves highlight just how far digital coins can swing in a short time. ETFs And Adoption Drive Growth The rise of spot Bitcoin exchange‑traded funds has made it easier for bigger investors to get in. In places like the United States and Hong Kong, new ETFs let people buy Bitcoin through their regular brokerage accounts. That convenience has helped push demand higher. More folks don’t have to wrestle with crypto wallets or complex trading platforms anymore. They can tap Bitcoin through tools they already use for stocks and bonds. Local And Global Factors Matter Global uncertainty has driven some of this interest. Big swings in currency values and low yields on bank deposits have left people hunting for better returns. In Russia, a weaker ruble has nudged locals toward assets like Bitcoin that are priced in dollars. At the same time, countries such as Kyrgyzstan and Ukraine are exploring crypto in their budgets. Even firms like Cantor Fitzgerald are looking at Bitcoin as a way to shield against market swings. Related Reading: XRP Frenzy Builds: Over $1 Billion in Open Interest Signals Breakout Tension Profit Potential Meets Risk Based on what the Central Bank found, Bitcoin paid off handsomely for investors who held through the drops. A 38% gain over a year can’t be matched by most safe havens. Yet anyone tracking the 19% fall in early 2025 knows it isn’t for the faint of heart. Digital coins can zoom higher one month and skid lower the next. That volatility is why many experts still advise limiting how much of your portfolio is in crypto. Featured image from Unsplash, chart from TradingView

UK confirms crypto tax data rules under CARF; first deadline set for May 2027

The UK government will implement new crypto tax data rules requiring cryptoasset service providers to collect user data starting in 2026 and report on UK and CARF tax residents by May 2027, with penalties of up to £300 per user for non-compliance. This move aligns the UK with over 40 jurisdictions in a global effort to enhance crypto tax transparency and accountability.

Onyxcoin price soars as 24-hour volume explodes 600%

Onyxcoin (XCN) experienced a significant price increase of over 16% in the past 24 hours, driven by a remarkable 600% rise in trading volume, as the broader cryptocurrency market shows optimism. Speculation about a potential listing on a major exchange could further boost its price, with resistance levels indicating the possibility of reaching new multi-month highs.