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🟠 9,200 Bitcoin were taken off exchanges today
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🟠 Michael Saylor explains how to 100x your money and says, “in the year, 2045 I think that Bitcoin is worth $13 million, so every bitcoin that you don’t buy is a $13 million cost.” #BTC #BTCBackto100K #CryptoComeback #Bitcoin $BTC
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⚡️ Cardano Risk Model Suggests $ADA Bull Run Hasn’t Even Started Yet: Details A new Cardano price risk model suggests that the bull market for ADA has not yet begun, despite early-stage bullish signs. Cardano’s price action has shifted significantly over the past few days, pointing to a possible change in market sentiment. After beginning the week at approximately $0.70, ADA dropped to a local low of around $0.64 on May 6. However, by May 8, the price had rebounded, surging towards the $0.72 level. In the last 24 hours, the token rose by 4.7%. Cardano’s weekly and 14-day gains stand at 2.8% and 4.9%, respectively. While this move reflects a strong short-term recovery, technical and on-chain indicators suggest that broader bullish activity could still be in the early stages. 🔸 Model Suggesting Favorable Entry Zone An evaluation by Crypto Capital Venture founder Dan Gambardello used a custom risk model to interpret current ADA market conditions. According to this model, Cardano’s Long-Term Risk Score currently stands at 37, categorized as a “Moderate Buy.” The system classifies risk levels from low to high, with lower values typically aligning with earlier phases of market cycles. For comparison, Cardano’s risk level approached the 50s and 60s during its 2017–2018 and 2020–2021 bull runs, both of which resulted in parabolic price movements. 🔸 Cardano Risk Model The model also highlights these earlier bull phases with red zones on the Historical Risk Chart, underscoring periods of overextension. Cardano reached over $1 during the 2017 cycle and hit a peak above $3 in 2021. In both cases, the risk level started in the 30s, consolidated, and then rose sharply, indicating momentum buildup. Currently trading at around $0.71, ADA remains far below its 2021 all-time high of $3.09. Gambardello views this lower price point, combined with a moderate risk score, as historically favorable for entry. According to him, the Cardano bull market hasn’t begun yet, rather than being near its end.
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🚀 When Can $XRP Price Hit $3 as BTC Edges Closer to $100K? XRP price today is up nearly 3% after Bitcoin (BTC) shot up to $99K. With the key cryptocurrency inching toward the $100,000 psychological level, the crypto market is visibly bullish. Considering this optimistic outlook, let’s explore when XRP token can revisit $3. Bitcoin price has been on a sustained rally since April 21 and has soared nearly 17% since then. This uptick has pushed BTC up from $85,139 to $99,374. The sudden uptick has the potential to end the consolidation XRP price is stuck in, potentially pushing it up to new highs. Technical analysis points to a few key hurdles that need to be overcome to increase the chances of XRP token hitting $3. 🔸 XRP Price Analysis Hints $3 Possible If These Conditions Are Met The daily chart shows XRP price has been stuck trading inside the $2.06 to $2.60 range for more than three months. This area is where 70% of the volume was traded since this consolidation began in December 2024. The result of this sideways movement is the production of lower highs, which can be connected to show the persistent loss of buying pressure. Currently, XRP trades at $2.184, retesting the declining trend line connecting the swing highs formed since March 25. Overcoming this hurdle will put the token face-to-face with a high volume node (HVN) at $2.41, which is the most critical resistance level that buyers need to overcome. This is where the highest volume was transacted in the past three months. Interestingly, this level also coincides with the declining trendline formed since January 20. If these two key hurdles are overcome, there is free sailing for XRP price until it hits the next HVN at $3.11. 🔸 Will Ripple (XRP) Rise to the Occasion? The crypto market outlook, as noted above, is bullish due to Bitcoin’s ascent to $100k. Altcoins that remained rangebound will have the opportunity to blast higher as investors’ confidence grows and profits from BTC rotate to altcoins like XRP, Ethereum (ETH), Solana (SOL), and so on. #XRP #Ripple
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📊 Bitcoin Tops $100K for First Time in 3 Months; Are Upside Targets Too Low? Bitcoin is back in six figures, continuing yet another of its famous zigs when most were expecting a zag. To review, the world's largest crypto first pushed through $100,000 in December as it rallied hard following Donald Trump's November election victory. The price eventually rose above $109,000 in the hours prior to the Trump inauguration on Jan. 20. With the bulls furiously revising their upside price targets higher, things began to crack at that moment. What followed in ensuing weeks was a steady decline, which reached its denouement at just under $75,000 in the panic following Trump's early April announcements of punitive tariffs against U.S. trading partners. The carnage in many altcions was far worse. Solana (SOL) and ether (ETH), for instance, had peak to bottom declines of more than 60%. Prices have quickly reversed since, though, with traditional markets joining crypto in looking past the tariff shock. As with bitcoin, the Nasdaq and S&P 500 are both currently at higher levels than prior to Trump's Liberation Day. This latest push to above $100,000 appears to be due to a trade deal between the U.S. and UK. 🔸 It's all about the flows "The dominant story for bitcoin has changed again," wrote Standard Chartered's Geoff Kendrick in a note Thursday morning. "It is now all about flows. And flows are coming in many forms." Kendrick took note of the well-reported story about surging inflows into the spot bitcoin ETFs of late. These are sometimes dismissed thanks to a sizable chunk of those flows being offset by basis trades (where hedge funds put on an equal short of bitcoin futures and bank a small yield). Kendrick, however, argued that basis trades have barely moved higher during this latest bout of inflows, suggesting real money is moving into the ETFs. The 13F institutional reporting of not just spot BTC ETF holdings, but also ownership of major corporate bitcoin holder Strategy (MSTR) will begin rolling in one week from now.
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🐧 $PENGU rallies over 25% ahead of Pudgy Penguins NFT boom Pudgy Penguins’ token, PENGU, has jumped to its highest level since February, rallying by more than 25% amidst a consistent rise in its NFT floor price over the past month. On May 8, the Pudgy Penguins (PENGU) token is leading the charge among meme coins as it is catapulted to its highest level since its January-February descent. Within the past week, it has become the highest gainer among Solana (SOL)-based meme coins, rising by over 28.6%. In the past month, the token has managed to skyrocket by more than 242%. On the meme coin leaderboard, it is currently ranked in seventh place, with a market cap that stands at more than $883 million. The Pudgy Penguins token has gone up by 25.7% in the past 24 hours. It is currently trading hands at $0.014. The last time it managed to reach $0.014 was back in February 2025, before it began to move lower, ultimately hitting its all-time low at $0.0037 on April 9.Pudgy Penguins’ token, PENGU, has jumped to its highest level since February, rallying by more than 25% amidst a consistent rise in its NFT floor price over the past month. On May 8, the Pudgy Penguins (PENGU) token is leading the charge among meme coins as it is catapulted to its highest level since its January-February descent. Within the past week, it has become the highest gainer among Solana (SOL)-based meme coins, rising by over 28.6%. In the past month, the token has managed to skyrocket by more than 242%. On the meme coin leaderboard, it is currently ranked in seventh place, with a market cap that stands at more than $883 million. The Pudgy Penguins token has gone up by 25.7% in the past 24 hours. It is currently trading hands at $0.014. The last time it managed to reach $0.014 was back in February 2025, before it began to move lower, ultimately hitting its all-time low at $0.0037 on April 9. #PENGU
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