Blockchain Index

Bitcoin’s Sky-High Potential: Will $180K Happen?

Bitcoin’s meteoric rise post-election has everyone talking! With BTC pushing past $90K and hitting new records, VanEck’s bold prediction of $180,000 by 2025 isn’t just hype. Investment firms see a clear path forward, citing no technical resistance and strong macro tailwinds from Trump’s pro-crypto stance. Institutional inflows are surging, with Goldman Sachs holding a $710 million position in $BTC ETFs. This represents a massive shift from Wall Street’s previous scepticism, marking a new era of mainstream acceptance.

Ethereum’s Smart Accounts: The Future Is Here

Ethereum’s recent upgrades, including EIP-7702, aim to revolutionise how users interact with their wallets. This upgrade will allow users to seamlessly transition their existing wallets into smart accounts, reducing friction for mass adoption. With $ETH trading around $3,100, breaking above the resistance at $3,243 could trigger a rally toward $3,500. Trading Tip: Consider entering positions near $3,000 support and watch for a confirmed breakout above $3,243 for long setups. Be cautious of overbought signals; use RSI levels to time entries and exits.

Solana DEX Boom: Outperforming Ethereum?

Solana-based DEXes have hit record highs, with daily trading volumes consistently above $6 billion, smashing previous records. The surge in activity, driven by memecoin launches like PNUT and GOAT, has put $SOL ahead of $ETH DEX volumes for the first time. Raydium processed $22.4 billion in trades this week, making up 66% of Solana’s DEX activity, showing a clear preference among traders. This explosive growth highlights Solana’s advantage in speed, lower fees, and seamless user experience compared to Ethereum. 

SEC Shake-Up: Is Gensler on His Way Out?

The crypto community is buzzing with speculation that SEC Chair Gary Gensler may be stepping down soon, as his latest speech sounded like a farewell. Gensler defended his strict approach to crypto regulation, highlighting enforcement against what he views as unregistered securities offerings among the 10,000+ digital assets, except Bitcoin. His tenure has been marked by controversial crackdowns, leading to multiple lawsuits and accusations of overreach from industry leaders. Some tokens jumped recently on optimism that Gensler’s departure could lead to a more crypto-friendly SEC. 

Market Outlook: Navigating the New Crypto Landscape

The post-election crypto rally has injected new life into the markets, with $BTC nearing $100K and ETH eyeing $3,500. Yet, macroeconomic factors like rising inflation, interest rate changes, and Trump’s fiscal policies could influence the trajectory of these assets. ETF inflows signal growing institutional confidence, but futures market activity suggests we could see heightened volatility. Interestingly, the Crypto Fear and Greed Index recently shifted into a greed state after a prolonged period of neutral to fear sentiment. This non-greed phase, which lasted for months, highlights a period of uncertainty now giving way to renewed optimism.