Optimism – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 28 Aug 2025 11:13:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Optimism – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Solana price rises to 6-month high on optimism over Alpenglow upgrade https://earlybirdsinvest.com/solana-price-rises-to-6-month-high-on-optimism-over-alpenglow-upgrade/ https://earlybirdsinvest.com/solana-price-rises-to-6-month-high-on-optimism-over-alpenglow-upgrade/#respond Thu, 28 Aug 2025 11:13:34 +0000 https://earlybirdsinvest.com/solana-price-rises-to-6-month-high-on-optimism-over-alpenglow-upgrade/

Solana’s token SOL has pushed to levels not seen since February, lifted by renewed community confidence in a major network proposal.

Data from CryptoSlate shows SOL briefly rose above $215 this week, gaining more than 6% in the last 24 hours before easing slightly to $214 as of press time. This rally placed the token back at its strongest point since early February, when it last traded near $216.

According to analytics firm Santiment, retail sentiment has turned sharply positive, with investors making nearly six bullish comments for every bearish one. Notably, this is the highest ratio recorded in over two months.

Solana Price
Solana Market Sentiment. (Source: Santiment)

Meanwhile, this price momentum has come despite slowing activity on Solana’s decentralized exchanges.

A Dune Analytics dashboard shows that the network’s daily active traders have dropped by more than 80% from January’s memecoin-driven peak of 5 million. For four straight days, user numbers have remained below the one million mark.

This decline reflects a clear pivot among retail investors on the network towards other blockchains like Ethereum.

Alpenglow update

The latest price momentum coincides with early community support for SIMD-0326 Alpenglow, a proposal described as one of the most significant consensus upgrades in Solana’s history.

The proposal seeks to simplify the network’s architecture by removing legacy components such as Proof of History, Tower BFT, and gossip-based vote propagation.

If implemented, the upgrade would reduce block finalization times to about 150 milliseconds, placing Solana in line with other high-speed platforms designed for trading applications.

Notably, Solana co-founder Anatoly Yakovenko has publicly encouraged the community to support the proposal, describing it as a key step forward.

Unsurprisingly, early voting data indicate strong backing for the change, with 11.6% of Solana stakers endorsing Alpenglow, while only 0.1% have opposed it. Around 100 validators have already cast votes.

The community’s response suggests growing confidence that the network can deliver faster and more reliable performance at scale, even as retail trading activity undergoes a reset from its memecoin-driven highs.

Solana Market Data

At the time of press 11:16 am UTC on Aug. 28, 2025, Solana is ranked #6 by market cap and the price is up 3.93% over the past 24 hours. Solana has a market capitalization of $114.74 billion with a 24-hour trading volume of $13.57 billion. Learn more about Solana ›

Crypto Market Summary

At the time of press 11:16 am UTC on Aug. 28, 2025, the total crypto market is valued at at $3.91 trillion with a 24-hour volume of $174.05 billion. Bitcoin dominance is currently at 57.50%. Learn more about the crypto market ›

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ChatGPT’s Bitcoin Analysis Flags $116K Rebound, But Will Powell’s Rate Cut Truly Spark Optimism? – Here’s What Data Says https://earlybirdsinvest.com/chatgpts-bitcoin-analysis-flags-116k-rebound-but-will-powells-rate-cut-truly-spark-optimism-heres-what-data-says/ https://earlybirdsinvest.com/chatgpts-bitcoin-analysis-flags-116k-rebound-but-will-powells-rate-cut-truly-spark-optimism-heres-what-data-says/#respond Fri, 22 Aug 2025 20:48:54 +0000 https://earlybirdsinvest.com/chatgpts-bitcoin-analysis-flags-116k-rebound-but-will-powells-rate-cut-truly-spark-optimism-heres-what-data-says/

Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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ChatGPT’s Bitcoin analysis reveals a dramatic recovery to $116,859 following a sharp rally from $112,320 after Fed Chair Jerome Powell hinted at September rate cuts, despite facing $1.17 billion in ETF outflows and institutional selling pressure throughout the week.

At the same time, Bitcoin maintains a bullish structure above all major EMAs, including 20-day ($113,982), 50-day ($115,333), 100-day ($116,164), and 200-day ($115,943) support levels, positioning for a potential breakout toward $120K resistance despite momentum weakening signals.

Bitcoin shows a healthy RSI at 62.75 with MACD remaining bullish at 328.20 but a negative histogram at -903.78, indicating momentum exhaustion, while moderate 10.83K BTC volume suggests institutional participation during the Powell-driven recovery rally.

ChatGPT’s Bitcoin analysis synthesizes 25 real-time technical indicators to assess BTC’s trajectory amid Federal Reserve policy shifts and institutional distribution pressure while navigating altcoin outperformance and market rotation dynamics.

Technical Analysis: Powell Rally Tests EMA Support Structure

Bitcoin’s current price of $116,859.35 reflects a dramatic intraday recovery despite a -4.04% daily decline from the opening price of $112,320.01, establishing a volatile trading range between $116,988.00 (high) and $111,684.79 (low).

This 4.5% intraday range demonstrates extreme volatility following Powell’s dovish comments, triggering risk-on sentiment.

ChatGPT's Bitcoin Analysis Reveals $116K Recovery as Powell's Rate Cut Hints Trigger Risk-On Rally

The RSI at 62.75 maintains healthy neutral-bullish positioning without oversold conditions, providing balanced momentum for potential continuation.

Moving averages reveal exceptional bullish positioning with Bitcoin trading above all major EMAs: 20-day at $113,982 (+2.5%), 50-day at $115,333 (+1.3%), 100-day at $116,164 (+0.6%), and 200-day at $115,943 (+0.8%).

MACD shows a strong bullish structure at 328.20, well above zero, with the signal line at -575.59, but a concerning negative histogram at -903.78 suggests significant momentum deterioration.

ChatGPT's Bitcoin Analysis Reveals $116K Recovery as Powell's Rate Cut Hints Trigger Risk-On Rally

Volume analysis shows moderate activity at 10.83K BTC, indicating steady institutional participation during Fed-driven volatility.

ATR maintains extremely high readings at 113,152.27, suggesting massive volatility potential for continued significant moves in either direction based on policy developments.

Market Context: Fed Policy Shift Overrides Institutional Distribution

Bitcoin’s recovery follows Fed Chair Jerome Powell’s Jackson Hole comments hinting at September rate cuts, creating risk-on sentiment that overshadowed week-long institutional selling pressure.

The dovish pivot represents a fundamental catalyst as “markets respond at the hint of a rate cut” with potential for amplified moves upon actual implementation.

The broader context reveals institutional distribution challenges with Bitcoin ETFs facing $1.17 billion in outflows while major holders, including BlackRock and other institutions, have been systematically reducing positions.

Despite this selling pressure, Powell’s rate cut signals create renewed institutional interest in risk assets.

Altcoin outperformance demonstrates market rotation dynamics with Ethereum recovering above $4,800 and BNB achieving new all-time highs.

The 2025 trajectory shows resilience from February’s $84,373 low to current $116K levels, representing 38% appreciation.

Current positioning maintains proximity to July-August highs despite institutional selling.

Market Fundamentals: Strong Metrics Despite Distribution Pressure

Bitcoin maintains dominant positioning with $2.32 trillion market cap (+3.31%) despite institutional distribution challenges.

The market cap growth accompanies increased volume at $80.01 billion (+34.12%), indicating active institutional repositioning.

The 3.46% volume-to-market cap ratio suggests heightened trading activity supporting price stability during policy-driven volatility.

ChatGPT's Bitcoin Analysis Reveals $116K Recovery as Powell's Rate Cut Hints Trigger Risk-On Rally

Circulating supply of 19.9 million BTC represents 94.8% of the maximum 21 million supply, with approaching scarcity supporting long-term value despite short-term distribution phases.

Market dominance of 61.40% shows slight weakness relative to altcoins during institutional rotation phases, while the -6.39% distance from August 14’s all-time high of $124,457 demonstrates proximity to recent peaks despite selling pressure.

Current pricing maintains extraordinary 239,486,002% gains from 2010 lows while trading near historic highs, validating Bitcoin’s institutional adoption trajectory despite temporary distribution pressures from ETF outflows and institutional profit-taking activities.

Social Sentiment: Exceptional Performance Amid Policy Catalyst

LunarCrush data reveals outstanding social performance with Bitcoin’s AltRank at #1 during Federal Reserve policy developments.

Galaxy Score of 90 reflects strong sentiment as participants process rate cut implications for risk asset positioning.

Engagement metrics show substantial activity with 5 million total engagements (-500K) while mentions surge to 500K (+100K), demonstrating heightened attention during policy catalyst events.

Social dominance of 43.06% maintains exceptional visibility while sentiment registers at a robust 80% positive despite institutional distribution.

Recent social themes focus on Powell’s dovish pivot, with community discussions emphasizing “false breakdown confirmed” and “inverse head and shoulders” technical patterns.

Notable analyst commentary includes predictions of $175K targets and comparisons to historical rate cut cycles, driving Bitcoin appreciation.

Prominent traders are also identifying double-bottom formations and potential for moves above $127K before Q3 ends.

ChatGPT’s Bitcoin Analysis: Fed Policy Catalyst Meets Technical Resistance

ChatGPT’s Bitcoin analysis reveals Bitcoin benefiting from Federal Reserve policy shift despite institutional distribution headwinds.

The recovery above all EMAs following Powell’s comments demonstrates monetary policy’s continued influence on Bitcoin positioning as a risk asset.

Immediate support emerges at the 20-day EMA around $113,982, followed by strong support confluence at 50-day ($115,333) and 100-day ($116,164) EMAs.

The layered EMA support structure provides substantial downside protection during policy-driven volatility phases.

ChatGPT's Bitcoin Analysis Reveals $116K Recovery as Powell's Rate Cut Hints Trigger Risk-On Rally

Resistance begins at today’s high around $116,988, followed by psychological $120K$122K levels.

Volume patterns and MACD signals suggest institutional positioning continues despite surface distribution, while extreme ATR readings indicate potential for significant moves matching Federal Reserve policy implementation phases and institutional rotation dynamics.

Three-Month Bitcoin Price Forecast: Policy-Driven Scenarios

Rate Cut Rally (50% Probability)

Successful September rate cut implementation combined with continued dovish Fed policy could drive Bitcoin toward $125K$130K, representing 711% upside from current levels.

This scenario requires sustained institutional confidence and policy follow-through validation.

Distribution Consolidation (30% Probability)

Continued institutional profit-taking could result in consolidation between $112K$120K, allowing distribution completion while monetary policy provides underlying support for risk asset positioning.

Technical Correction (20% Probability)

A break below $113K EMA support could trigger selling toward $108K$110K levels, representing 710% downside.

Recovery would depend on the Federal Reserve policy acceleration and institutional distribution completion.

ChatGPT’s Bitcoin Analysis: Monetary Policy Catalyst Meets Distribution Phase

ChatGPT’s Bitcoin analysis reveals that Bitcoin is positioned for a potential policy-driven breakout despite institutional distribution pressures.

The combination of Fed dovish pivot with technical support above all EMAs suggests that monetary policy influence outweighs short-term selling pressure.

Next Price Target: $125K-$130K Within 90 Days

The immediate trajectory requires holding above $113K EMA support to validate policy catalyst strength over distribution pressure.

From there, the September rate cut implementation could propel Bitcoin toward $125K psychological resistance, with sustained dovish policy driving toward $130K+ breakout levels.

However, failure to hold $113K would signal extended consolidation toward $108K$110K range, creating an accumulation opportunity before the next policy wave drives Bitcoin toward new all-time highs above $125K as monetary conditions become increasingly supportive.


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Optimism flickers at $0.553: Reduced recovery or pause? https://earlybirdsinvest.com/optimism-flickers-at-0-553-reduced-recovery-or-pause/ https://earlybirdsinvest.com/optimism-flickers-at-0-553-reduced-recovery-or-pause/#respond Wed, 25 Jun 2025 16:32:28 +0000 https://earlybirdsinvest.com/optimism-flickers-at-0-553-reduced-recovery-or-pause/ In its latest analysis on X, Crypto Man MAB noted that the price of Optimism (OP) was $0.553, indicating a mild increase of +0.004 (+0.73%) within the last four hours. The short-term move is slightly positive, but highlights the overall trends being bearish since assets peaked at nearly $0.75, indicating a clear revision stage in the market.

Analysis of the trends and quantities of optimism (PO)

Driving into this trend, Crypto Man MAB observed that short-term trends in assets are bearish. Over the past 24 hours, the OP price has dropped from its high to a low of $0.564 to a $0.483 price, forming a downward trajectory. He noted that the long-term outlook reinforces this sentiment by clearly signaling the sudden 71.02% decline in assets over the past 180 days, and that sustained downward pressure.

Turning attention to volume behavior, Crypto Man MAB highlighted the importance of recent spikes in OP trading volumes, particularly during a sudden price drop. He explained that this volume increase often indicates an increase in market participation, which is likely to be driven by panic sales or stop triggers. This surge in volume during the dip suggests that the bear is still active and in control.

Optimism

In his analysis, Crypto Man Mab further stated that volume SMAs reflect a regular surge, with the latest peaks lined up along the downward movement of prices. This consistency between rising volume and lower prices often reflects strong bearish feelings, reinforcing the downward pressure seen on the charts.

Support, resistance, and indicators

Looking at the support and resistance levels of the OP, analysts point out that the current price is trading near $0.483. This zone serves as a potential support if sales pressure starts to slow down, providing temporary stabilization or bounce opportunities. However, sustained breaks below this level could present an even more downside in the short term.

Conversely, the closest resistance is around $0.564, which represents a height of 24 hours. If prices attempt to recover, this level will likely serve as the first barrier to overcome. The successful move above can indicate emotional improvement, but further confirmation is required to keep short-term bias away from bearishness.

Looking at the patterns on the charts, recent candlesticks show a mix of bullish and bearish activities, while red candles are more dominant. This pattern strengthens the downward momentum ongoing, indicating that the seller is still in control. The overall tone remains cautious despite potential pockets of support until there is a visible shift in momentum.

Optimism

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Optimism targets decentralization with ‘season 8’ governance revamp https://earlybirdsinvest.com/optimism-targets-decentralization-with-season-8-governance-revamp/ https://earlybirdsinvest.com/optimism-targets-decentralization-with-season-8-governance-revamp/#respond Tue, 17 Jun 2025 05:55:49 +0000 https://earlybirdsinvest.com/optimism-targets-decentralization-with-season-8-governance-revamp/

Ethereum layer-2 scaling solution Optimism is set to update its governance system for the second time this year — this time, with the intent of becoming more decentralized.

In a blog post on Friday, the Optimism team said the changes taking effect Aug. 1 as part of the “Season 8” revamp will introduce stakeholder voting, a public definition of citizenship and an auto-pass process for proposals. 

“The goal has always been to create a governance model designed for a new internet; now we understand that means lowering platform risk by creating accountability where corporate governance models have failed to do so,” the team said. 

The previous season, which lasted from Jan. 16 to June 11, was focused on interoperability.

OP governance aims to reduce platform risk

The Optimism team said it has created four stakeholder groups: tokenholders, end-users, apps and chains, to ensure all can vote on governance proposals. 

Decentralization, Technology
Source: Optimism

“Season 8 takes steps to ensure governance is accountable to all major stakeholders of the Collective, not just financial ones, a key weakness of traditional corporate and crypto governance models,” the team said. 

“The goal is to reduce the platform risk that any one stakeholder dominates decision making at the expense of others.” 

Citizenship still in experimentation stage 

Two houses govern Optimism: the Token House and the Citizens’ House. The Citizens House, introduced in April 2022, allows one vote per citizen. 

The Token House can vote on issues such as protocol upgrades, sequencer selection and governance fund allocation through token-weighted votes. 

Tokenholders will continue to be represented as a key stakeholder group via a token-weighted voting model in the Token House.

Optimism now also has a public definition of citizenship verifiable onchain and has subdivided it into three categories: end-users, apps and chains. 

Two houses govern Optimism, the Token House and the Citizens’ House. Source: Optimism

However, the team also said citizenship “remains an experiment” at this point, and current citizenship doesn’t guarantee it in future updates. 

Proposals auto-pass unless a stakeholder vetoes

A new approval process will also take effect in August, where most will follow “an optimistic approval process,” which allows it to auto-pass unless a stakeholder vetoes.

The goal is to ensure busy contributors can still keep the system in check without full-time politics, according to the Optimism team. 

Related: ASTR becomes OP Superchain’s first interoperable token via Chainlink CCIP

“Participating in governance should not require spending hours reading forum posts and navigating complex bureaucracy. Being a governance participant should not be a full time, or part time, job,” they said. 

Resource budgets will be proposed by the budget board and passed unless vetoed as well. Protocol upgrades are going to be voted on by an independent developer advisory board, which will act on behalf of both the Token House and the Citizens’ House.

Magazine: MegaETH launch could save Ethereum… but at what cost?

]]> https://earlybirdsinvest.com/optimism-targets-decentralization-with-season-8-governance-revamp/feed/ 0 42476 Dogecoin Price Prediction: DOGE Price Hangs on to Key Support as Musk-Trump Clash Drains Market Optimism https://earlybirdsinvest.com/dogecoin-price-prediction-doge-price-hangs-on-to-key-support-as-musk-trump-clash-drains-market-optimism/ https://earlybirdsinvest.com/dogecoin-price-prediction-doge-price-hangs-on-to-key-support-as-musk-trump-clash-drains-market-optimism/#respond Sat, 07 Jun 2025 00:12:14 +0000 https://earlybirdsinvest.com/dogecoin-price-prediction-doge-price-hangs-on-to-key-support-as-musk-trump-clash-drains-market-optimism/

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Dogecoin’s once-upbeat trading crowd has been blindsided by an unlikely catalyst: an increasingly personal clash between two of the token’s highest-profile enthusiasts, Elon Musk and U.S. President Donald Trump.

As their barbs ricocheted across X and Truth Social in recent days, fresh regulatory and political worries surfaced, draining risk appetite and pushing the DOGE price more than 10% lower to an intraday trough near $0.17.

With a jump in 24-hour turnover to about $1.63 billion, that slide has cut Dogecoin’s market share to 0.83% of total crypto value, its weakest dominance reading in two months.

Musk-Trump Feud Saps Meme-Coin Morale

The feud mushroomed over just three days. Tensions flared Tuesday when Musk publicly branded Trump’s signature “big, beautiful” tax-and-spending package a “disgusting abomination,” stunning Republican allies.

By Thursday, the billionaire had dredged up years-old GOP warnings from Trump about ballooning deficits, prompting Trump to threaten Musk with losing his lucrative federal contracts for SpaceX and Tesla.

Allies on both sides piled in through Friday, amplifying the spat and highlighting how quickly a long-standing alliance (Musk was an Oval Office regular only weeks ago) can curdle when big-ticket legislation is at stake.

DOGE Price On-Chain and Market Data Point to Waning Confidence

Blockchain analytics show a sharp uptick in coins moving from long-term wallets to exchanges, echoing the bearish narrative in derivatives desks where funding rates have drifted negative.

Four-hour Bollinger Bands confirm heightened volatility: the DOGE price kissed the lower band at $0.17 on heavy volume before clawing back toward the midline.

Meanwhile, the Relative Strength Index sank into oversold territory last week and now hovers at 39.7—a tentative uptick that hints at bargain hunting but falls short of signaling a decisive reversal.

Technical Picture: DOGE Price Support Holds but Resistance Looms

Technically, Dogecoin continues to build a fragile base on the $0.1670 to $0.1700 horizontal support level after retracing roughly 35 % from its early-May peak.

Today’s rebound left spot at $0.179, yet the token still trades beneath a formidable confluence zone at $0.1797 to $0.1850, which aligns with the Fib 0.618 retracement and a stack of bearish moving averages: a 20-day EMA at $0.2016, 50-day at $0.2069, and 100-day at $0.2011.

Unless the DOGE price can close a daily candle above the 20-day EMA, rallies will likely be dismissed as dead-cat bounces rather than a bona fide trend change. Failure to conquer that ceiling would refocus attention on the springboard support.

A sustained break below $0.1670 would expose the Fib 0.786 level at $0.1576, with little chart structure until the early-April swing low around $0.13, an air pocket that could see another 30% shaved off the DOGE price if bearish momentum accelerates.

What Could Drive Dogecoin’s Next Move

In the immediate term, sentiment headlines may matter as much as candlesticks.

A public reconciliation between Musk and Trump, or even a fresh meme-worthy endorsement tweet, could reignite retail appetite and push the DOGE price through $0.1850, opening the way toward $0.20 and the clustered 20 to 100-day EMAs.

Conversely, any escalation in the feud, fresh regulatory chatter, or broader risk-off moves in crypto could see sellers test dip-buyers’ patience yet again. For now, Dogecoin sits on a knife-edge: fundamentals lean bearish while momentum oscillators hint at recovery potential.

Traders with a short time frame may scalp long positions toward $0.1850, but given the precarious backdrop, tight stops below $0.1700 are essential. Swing traders might instead await a daily close above $0.20 to confirm trend reversal, or look to accumulate only if the DOGE price washes out toward $0.1576, where risk-reward improves dramatically.

Until one of those decisive signals emerges, patience or strictly defined risk appears to be the most prudent course.


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Uniswap's UNI Slides 8% Despite Upgrade Optimism https://earlybirdsinvest.com/uniswaps-uni-slides-8-despite-upgrade-optimism/ https://earlybirdsinvest.com/uniswaps-uni-slides-8-despite-upgrade-optimism/#respond Fri, 30 May 2025 11:18:54 +0000 https://earlybirdsinvest.com/uniswaps-uni-slides-8-despite-upgrade-optimism/

In the past 24 hours, Uniswap’s native token UNI experienced a marked decline due to volatile market conditions. The price movement from $7.119 to $6.532 indicates substantial downward pressure, amplified by macroeconomic factors like overall market bearish trends and investor sentiment.

At the same time, microeconomic elements, including Uniswap’s latest protocol advancements and strategic interest from crypto whales, provide counterbalancing support points, potentially staving off further price declines. Despite the dip, long-term confidence might build as Uniswap gains traction with its latest innovations, suggesting strategic investor consideration.

Technical Analysis Highlights

  • UNI price plummeted from $7.119 to $6.532 in 24 hours.
  • Intermediate support was found at $6.40, buoyed by significant trading volumes, according to CoinDesk Research’s technical analysis data model.
  • The price attempted recovery reaching a high of $6.595 but stabilized at $6.522 by 08:00.
  • Consistent lower highs noted throughout the session, suggesting continued bearish sentiment.

External References

  • “UNI eyes $10 as UniswapX launch triggers inverse H&S breakout”, crypto.news, published May 29, 2025.
  • “Uniswap Price Prediction: Is UNI Set for a Bullish Breakout?”, CoinPedia, published May 29, 2025.
  • “UNI Price Prediction for May 30: Momentum Slows Near $7.25 After Major Breakout”, Coin Edition, published May 29, 2025.
  • “What’s Next for This Popular DeFi Token? Will Uniswap (UNI) March Above $10 in the Coming Month?”, CoinPedia, published May 29, 2025.

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Bitcoin Bull Score Jumps to 80 as Spot Demand Fuels Optimism https://earlybirdsinvest.com/bitcoin-bull-score-jumps-to-80-as-spot-demand-fuels-optimism/ https://earlybirdsinvest.com/bitcoin-bull-score-jumps-to-80-as-spot-demand-fuels-optimism/#respond Fri, 09 May 2025 17:44:25 +0000 https://earlybirdsinvest.com/bitcoin-bull-score-jumps-to-80-as-spot-demand-fuels-optimism/

After months of price malaise, Bitcoin (BTC) is roaring back, having climbed past $103,000 today and signaling a shift in market sentiment.

According to CryptoQuant, the catalyst is a massive surge in spot demand, which has propelled Bitcoin’s Bull Score Index from a bearish 20 to a blazing 80, indicating one of the most bullish readings in over a year.

Market Sentiment Shift

The index comprises ten key on-chain metrics, including liquidity, network activity, and market inflows. Historically, flows above 60 have been associated with sustained rallies, while those below 40 have often signaled bear markets.

As recently as April 7, data from CryptoQuant shows Bitcoin’s Bull Score was languishing at 10, with prices struggling below $80,000. However, a steady climb in spot demand, fueled by ETF inflows and institutional interest, revitalized the market.

By April 26, the score had hit 40 as BTC reclaimed the $94,000 level, and this week’s jump to 80 comes alongside the crypto asset smashing through $100,000 for the first time since February.

Supporting this thesis, analytics firm Santiment recently reported that more than 344,000 new wallets had been created on the Bitcoin network over the past week, as retail FOMO kicked in. Such growth has often been witnessed during previous cycle tops, suggesting a wider demographic is now buying into BTC.

CryptoQuant CEO Ki Young Ju acknowledged the importance of the shift, posting on X earlier today:

“Two months ago, I said the bull cycle was over, but I was wrong… selling pressure is easing, and massive inflows are coming through ETFs.”

Ju noted that traditional sell-pressure triggers, like whale dumps, are now being offset by institutional demand. The relentless acquisition of Bitcoin by corporations like Strategy, spot ETFs, and even government interest, including the signing off on a national Bitcoin Strategic Reserve by U.S. President Donald Trump, has introduced unprecedented liquidity, making past cycle models less reliable.

“It’s time to throw out that cycle theory,” said the analyst. “The market is merging with TradFi, and institutional liquidity is overpowering traditional sell-off patterns.”

A Rally From April Lows

Meanwhile, price action tells its own story. Bitcoin is currently trading at $103,260, up some 3.5% in the last 24 hours. The asset has also rallied 33.7% over the past 30 days, while year-on-year, it’s increased almost 70%.

However, despite the impressive rebound, BTC still sits 5.2% below its all-time high of roughly $109,000 from earlier in the year.

Furthermore, Bitcoin’s 6.6% uptick across the week means that despite dominating altcoins with a 60.5% share of the sector, its performance lags slightly behind the broader crypto market, which grew 8.8% in the last week.

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John Bolton’s case for optimism about Donald Trump https://earlybirdsinvest.com/john-boltons-case-for-optimism-about-donald-trump/ https://earlybirdsinvest.com/john-boltons-case-for-optimism-about-donald-trump/#respond Fri, 02 May 2025 07:44:09 +0000 https://earlybirdsinvest.com/john-boltons-case-for-optimism-about-donald-trump/

To kick off his second term, President Donald Trump sought revenge on President Joe Biden, elite law firms, elite universities, and even some of his former staffers — including John Bolton.

Bolton has worked in every Republican presidential administration since the ’80s, including Trump’s first, as national security adviser. Together, they tore up the Joint Comprehensive Plan of Action, better known as the “Iran nuclear deal” put in place by President Barack Obama.

The Trump-Bolton partnership, however, was not meant to last. Bolton left the Trump administration acrimoniously and has been a constant critic of the president since, so it should be no surprise that Trump revoked his security detail within hours of taking office for a second term in January.

Retribution — a theme of Trump’s first 100 days — was one reason to speak with Bolton this week. The other was to get his take on how our democracy is faring at the moment. Another former Trump staffer named John, former chief of staff John Kelly, has said Trump fits the definition of a fascist.

But Bolton wouldn’t go that far, even after 100 days of payback. Our conversation, edited for length and clarity, is below.

I don’t disagree with John Kelly on his assessment about Trump, what Trump does, and what’s wrong with [his behavior]. To be a fascist [however], you have to think at some conceptual level, which Trump never does.

Would quibble with the term “fascist” because it’s too simplistic?

It’s too far above Trump’s capabilities. He has no philosophy. He has, in the national security space, no grand strategy, and doesn’t do policy as we conventionally understand that term. It was difficult for me to accept. … There are plenty of people around him with problematic philosophies, people who do have the ability to think at a more conceptual level. What they say may ultimately be reflected in certain Trump decisions, but it’s not because he shares their worldview or anything like that.

What was your impression of his approach — if not something leaning towards fascism or authoritarianism — when you were in his administration?

I think he wants to be the center of attention. I think that’s probably his principal motivating factor.

I think his approach was once described by [conservative columnist] Charles Krauthammer very well. Krauthammer said that he began by thinking Trump was an 11-year-old. But he realized after a close evaluation that he was about 10 years off: Trump’s really a 1-year-old who just sees everything in the world and asks the question, “What’s in this for me?”

Somebody else, I don’t remember the name, observed that Trump doesn’t have ideas, he has reactions. And I think that’s also an important insight.

If you took all of his decisions in his first term, they’d be a big archipelago of dots; a lot of the dots I agreed with. But if you try to connect the dots…Trump himself couldn’t connect the dots.

What have you thought of the first 100 days of the second administration so far?

I think it’s even more incoherent. What you’re seeing in public now [is] what many of us who were in the first term saw in private.

Obviously, they spent the four years in exile at Mar-a-Lago planning. [In] their first 100 days, much more was accomplished from Trump’s point of view than in his first 100 days in the first term. I’m not sure that history will record that after this burst of activity in the first 100 days, there’s much more follow-up.

I think Trump will get bogged down in a lot of subsidiary issues that happen to catch his attention. For example, he’s now chairman of the board of the Kennedy Center. And I can think of nothing more important than for a man who knows so much about buildings [than] to spend a little time on the question of the rugs at the Kennedy Center, the carpeting, the curtains, and the stages.

I think you’re getting at something that I’m constantly struck by, which is while this seems like a serious administration with serious ideas, there’s also all of these distractions that make this seem like a bit of a clown car.

The DOGE firings and then hiring back of nuclear safety personnel, the infamous Houthi PC small group chat, the tariffs, no tariffs, tariffs, just kidding, no tariffs. At the same time, you’ve got the campaign of retribution we’ve spoken about. You’ve got defying court orders and challenging the judiciary. You’ve got the silencing of speech left and right; the First Amendment.

When you see these constitutional infringements, are you worried for the state of the republic?

I don’t think Trump is an existential threat. I think our institutions are a lot stronger than him. … I think we will survive.

But I think many of the things you’ve mentioned, he has singled out by executive order for example, Chris Krebs, former head of the Cybersecurity and Infrastructure Bureau at Department of Homeland Security in his first term, for prosecution because he dared to say that the 2020 election was safe and free from interference in cyberspace, which Trump didn’t want to believe. He singled out a fellow named Miles Taylor, who had been chief of staff to the secretary of Homeland Security. These are actions by a president with no predicate for a criminal investigation that I think are very threatening.

But you’ve got to evaluate all this [as] Trump making the first move. He’s done all this in the first 100 days. He’s done it in Trump time because he stays up until two in the morning. He’s constantly active. The judicial system obviously doesn’t normally react with such speed. Trump makes his headline and then moves on to something else.

The real question is: What is followed up?

I think if we come back in a couple of years, we’ll see a lot of the effort of the first 100 days just in ashes because the courts will have held. I think that is the ultimate check. It obviously will have cost people money for attorneys’ fees and time and aggravation and concern. But I think a lot of these efforts will fail, and they will set precedents that will make it even harder for a future president to try this kind of thing.

It was 95 years since the Smoot-Hawley tariffs, which were an act of monumental stupidity in 1930. I think history will record that Trump-Vance tariffs as another monumental act of stupidity, and hopefully it’ll be another 95-year-long lesson. From that perspective, a lot of what has happened in the first 100 days is incomplete because while Trump has moved his pawn to King 4, the rest of the system is still reacting.

You have worked under four presidential administrations, from Reagan to George H.W. Bush to George W. Bush to, of course, President Trump. Does that historical long view that you personally possess work to your advantage in these trying times of ours?

Well, we’ve suffered a lot worse in this country. We did have a civil war where over 600,000 soldiers died of one cause or another, and the country moved on. I’m not underestimating the problems that Trump is causing. I just think it’s important to bring as many people along on the proposition that this is unacceptable. I think sometimes, using the rhetoric that says this is existential turns people off. And I’m looking to convince as many people as possible that this is an aberration in American politics, that it’s not sustainable, and particularly in the Republican Party, that beginning in 2026, certainly in 2028, we’ve got to move on from it.

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Bitfinex will begin supporting USDT0 on optimism https://earlybirdsinvest.com/bitfinex-will-begin-supporting-usdt0-on-optimism/ https://earlybirdsinvest.com/bitfinex-will-begin-supporting-usdt0-on-optimism/#respond Fri, 25 Apr 2025 02:08:16 +0000 https://earlybirdsinvest.com/bitfinex-will-begin-supporting-usdt0-on-optimism/

Bitfinex will begin supporting USDT0 on optimism

Road Town, Tortola, British Virgin Islands 23rd April 2025 – Bitfinex (https://www.bitfinex.com), a premier digital asset trading platform, has announced that USDT0 deposits and withdrawals on the Optimism Network will be available directly on Bitfinex.

USDT0, a Crosschain Stablecoin designed by Everdawn and Layer Zero, is an Omnichain-enabled bridge version of Tether’s USDT. This integration will make optimism the latest blockchain supported by Bitfinex, allowing its customers to deposit USDT0 into this network and withdraw it, following a similar integration between Ink and Arbitrum.

Optimism is Ethereum’s Layer 2 Scaling Solution that leverages optimistic roll-up technology to enhance transaction throughput and reduce fees. Recent SuperChain data shows that OP SuperChain currently handles around 52% of all transactions in Ethereum’s Layer 2 (L2) compared to 36.6% in September, but its total value over the network (TVL) is over $4.2 billion.

Developed by Everdawn and Layer Zero, USDT0 is managed by the USDT0 Consortium, an ecosystem initiative launched by the consortium using Layerzero’s OFT standard, and is designed to expand the USDT utility across the blockchain. Bitfinex customers will convert USDT balance directly to USDT0 on the platform and pull it out onto a supported blockchain.

Designed for seamless interoperability on the Optimism Network, Bitfinex’s USDT0 support on the Optimism Network is the latest addition to the Stablecoin rollout. This integration demonstrates Bitfinex’s response to current market demand by increasing Stablecoin’s liquidity and trading efficiency on high-performance L2 platforms.

“USDT0 is one of the most innovative stubcoins on the market and is consistent with its mission to bring digital assets closer to everyday use,” he said. Anoush Bhasin, Bitfinex listing manager. “USDT0’s support for optimism opens up a direct channel to help customers enjoy fast, cost-effective transactions in a scalable ecosystem.”

For more information, customers can visit https://www.bitfinex.com/.

Please note that USDT0 is not directly issued or redemptionable by tether.

*All users of www.bitfinex.com are subject to Bitfinex Terms of Service (“TOS”). Please note that among other prohibited persons (as defined in TOS), US people (as defined in TOS) are strictly prohibited from directly or indirectly retaining, owning or operating an account on www.bitfinex.com (as defined in TOS).

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform that provides cutting-edge services for traders and global liquidity providers. In addition to a range of advanced trading capabilities and charting tools, Bitfinex offers access to peer-to-peer financing, the OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools and innovation to experienced traders and liquidity providers around the world. For more information, please visit www.bitfinex.com.

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]]> https://earlybirdsinvest.com/bitfinex-will-begin-supporting-usdt0-on-optimism/feed/ 0 32672 Bitcoin Tops $93K as Trump's U.S-China Tariff Optimism Fuels Crypto Rally https://earlybirdsinvest.com/bitcoin-tops-93k-as-trumps-u-s-china-tariff-optimism-fuels-crypto-rally/ https://earlybirdsinvest.com/bitcoin-tops-93k-as-trumps-u-s-china-tariff-optimism-fuels-crypto-rally/#respond Wed, 23 Apr 2025 03:46:27 +0000 https://earlybirdsinvest.com/bitcoin-tops-93k-as-trumps-u-s-china-tariff-optimism-fuels-crypto-rally/

Bitcoin (BTC) surged past $93,000 on Tuesday afternoon, climbing nearly 7% amid renewed investor optimism and fresh hopes of a thaw in U.S.-China trade tensions, but headwinds persist that could cap further upside, analytics firm CryptoQuant cautioned.

Markets were buoyed by morning remarks from U.S. Treasury Secretary Scott Bessent, who reportedly told investors at a closed-door JPMorgan event that the tariff standoff with China was unsustainable. Bessent said de-escalation would come “in the very near future,” characterizing current conditions as a “trade embargo.” However, he cautioned that a more comprehensive deal between the two nations could take even years.

Then President Trump, speaking to reporters in the White House later in the afternoon, said that U.S. tariffs on China “will come down substantially” from the current 145% level, allaying concerns of a spiraling trade war.

He also added that he has no intention of firing Federal Reserve Chair Jerome Powell, following recent pressure on the head of the U.S. central bank to lower interest rates.

The largest crypto by market capitalization rose just shy of $93,400 following Trump’s comments, its strongest price since early March. Altcoins followed BTC higher, with Ethereum’s ether (ETH) rising 8% over the past 24 hours above $1,700, and dogecoin (DOGE) and Sui’s native token (SUI) gaining 8.6% and 11.7%, respectively. The broad-market crypto benchmark CoinDesk 20 Index advanced 5.2%.

CoinDesk 20 Index performance on April 22 (CoinDesk)

CoinDesk 20 Index performance on April 22 (CoinDesk)

Stocks recovered from yesterday’s decline, with the S&P 500 and the tech-heavy Nasdaq finishing the session 2.5% and 2.7% higher, respectively. Gold, meanwhile, sharply reversed from its record price of $3,500 during the day and was down 1%.

“As capital rotates into safe-haven and inflation-hedging assets, BTC and gold are proving to be key beneficiaries of the exodus from USD risk,” analysts at hedge fund QCP Capital said in a Telegram broadcast.

They highlighted rejuvenating inflows to spot U.S.-listed BTC ETFs and the return of the so-called Coinbase price premium, suggesting demand from American institutional investors. BTC ETF booked over $381 million net inflows on Monday adding to Thursday’s $107 million, according to Farside Investors data.

Bitcoin resistance looms

But not all signs point to a sustained breakout.

Despite the price jump, on-chain data points to fragility beneath the surface, CryptoQuant analysts said in a Tuesday report.

Bitcoin’s apparent demand has decreased by 146,000 BTC over the past 30 days—an improvement from the sharp drop in March, but still negative. CryptoQuant’s demand momentum metric, which tracks new investor interest, has deteriorated further to its most bearish level since October 2024, the report noted.

Market liquidity remains soft, with the report using USDT’s market cap growth as a proxy for crypto liquidity. USDT grew $2.9 billion over the past two months, below its 30-day average. Historically, BTC rallies coincided with USDT growth above $5 billion, a threshold not yet met.

Adding to the caution, bitcoin is now facing a key resistance zone between $91,000 and $92,000 at around the “Trader’s On-chain Realized Price” metric, a level that has often served as resistance in bearish conditions. CryptoQuant’s on-chain bull score classified current market conditions as bearish, suggesting a pause or pullback could follow if sentiment weakens.

UPDATE (April 22, 21:42 UTC): Adds President Trump’s comments on U.S.-China trade from a press conference and following price action.

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