Daily Crypto Signals: Bitcoin Eyes $90K, XRP Flashes Bullish Signals as Trump Hints at Tariff Ease
Bitcoin experienced a volatile day, briefly surging towards $90,000 following comments from Donald Trump suggesting potential tariff easing, while XRP demonstrated bullish momentum, eyeing levels above $2.50. The broader crypto market saw various developments, including MicroStrategy’s massive Bitcoin purchase and BNB Chain’s new liquidity program.
MicroStrategy’s Bitcoin Milestone, Trump’s Stablecoin, and DeFi Protocol Issue
The crypto market saw significant events on Monday. After recent purchase of 6,911 coins, MicroStrategy’s Bitcoin holdings exceeded 500,000 BTC. Launched on BNB Chain and Ethereum, a stablecoin project supported by Donald Trump USD1 A serious price feed problem caused DeFi lender Nostra on Starknet to stop borrowing for two liquid staking tokens. For its own local initiatives, BNB Chain also started a $100 million liquidity program.
Bitcoin Bulls Aim for $90,000 After Trump’s Tariff Comments and MicroStrategy’s Buying Spree
With great positive momentum, Bitcoin’s BTC/USD price rose above $88,700, highest weekly performance in more than two months, Comments from former US President Donald Trump suggesting a readiness to lower tariffs helped drive this spike; analysts such as Markus Thielen from 10x Research believe these signals a market bottom and a possible return towards $90,000.
MicroStrategy’s news of purchasing an extra 6,911 Bitcoin, so raising its overall holdings to over 500,000 BTC, further supporting this attitude. Predicting a possible rise to $130,000 within 90 days, analyst Axel Adler Jr. says the present price cycle shows a healthy consolidation.
Indicating rising trading activity, Bitcoin’s open interest has soared by $1.5 billion in the past 24 hours. Technically, Bitcoin exceeded the 20-day EMA and is seeking to get over the barrier at the 50-day SMA around $90,290.
Bullish Signals Emerge in XRP with Potential to Reach $3 and Beyond
Rising 38% from its year-to-date low, XRP XRP/USD has shown indications of a strong comeback and trades as high as $2.47. Technical research indicates XRP has even more upside possibility. Currently ascending in a rising parallel channel, it has as its next goal the $2.59 resistance level (0.618 Fibonacci retracle).
A good break above this would cause the upper trendline of the channel to be tested close to $2.77. To maintain optimistic continuance, market analyst Dom underlined the need of XRP stabilizing over $2.50. Moreover, a symmetrical triangle pattern on the upper timeframe chart points to a possible breach towards $4.20 by May.
Analyst CrediBULL Crypto also sees XRP rising to a fresh all-time high above $3.40 in the next weeks. Data on liquidation heatmaps shows notable liquidity zones at $2.66 and $2.98, which might serve as possible price targets.
Solana Recovers Above $140 Amid Broader Market Optimism and ETF Anticipation
Reclaiming the $142 mark, Solana’s native token, SOL, gained an 8.5%. Driven by hopes of lower economic downturn risk, this movement reflected the general attitude of the bitcoin market. Growing interest from top traders on exchanges, as shown by a long-to-short ratio on Binance, and the rising possibility of a spot Solana ETF approval in the US are also helping SOL to present a bullish picture. Solana SOL/USD ranks third in onchain volumes and stays the second-largest blockchain in terms of total value locked (TVL), despite a recent underperformance phase.
BNB Chain Launches $100 Million Liquidity Program to Boost Native Projects
Aiming at bootstrapping liquidity for its own projects on controlled exchanges (CEXs), BNB Chain BNB/USD has started a $100 million scheme. The initiative will provide incentives—mostly in BNB tokens—to projects that effectively list on 11 main CEXs designated by BNB Chain. This program seeks to improve the liquidity of the ecosystem and promote project expansion. Projects with at least $5 million market capitalization and $1 million daily trading volume are targeted by the initiative.
Top Altcoins to Watch Today
Investors should monitor these altcoins for potential trading opportunities as the market continues to evolve.
- Ethereum ETH/USD is attempting to break above its 20-day EMA and the $2,111 level, with potential targets at the 50-day SMA around $2,356.
- Cardano ADA/USD is trading between moving averages, with a potential upside towards $0.84 if bulls can push the price above these levels.
- Chainlink LINK/USD has broken out of its 20-day EMA, suggesting a potential end to its downtrend and a possible rise towards its 50-day SMA at $16.34.
- Dogecoin DOGE/USD has also risen above its 20-day EMA, with targets at the 50-day SMA around $0.21 and potentially $0.24.
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