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New Hampshire, Florida take steps towards holding Bitcoin Reserves |
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Key points: |
New Hampshire passed HB302, aimed at allocating funds to Bitcoin reserves. Florida's latest legislation hinted at growing state-level crypto interest too.
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News - New Hampshire has become the latest U.S. state to take a step towards holding Bitcoin reserves, after its House passed bill HB302 in a narrow 192-179 vote. |
The bill will now head to the Senate for further consideration. |
Bitcoin reserve bill in full swing - If signed into law, New Hampshire's HB302 would authorize the state treasurer to allocate up to 10% of general and other eligible funds into select digital assets and precious metals. |
As expected, the proposal has stirred debate, with critics like Rep. Terry Spahr questioning its necessity, citing the treasurer's existing authority and concerns over rigid security protocols. Proponents, however, argue it could unlock significant financial gains for the state. |
Alongside HB302, two additional blockchain-focused bills are under review in the state. |
Meanwhile, Florida is advancing its own Bitcoin reserves legislation - HB487. It recently cleared a House committee and proposes similar digital asset investment strategies. |
Metrics say 'buy' - Bitcoin's price lingering in a phase of unusually low volatility. In fact, historical patterns and on-chain signals suggested that this calm could be a prelude to a major market move. With the Hash Ribbons buy signal flashing once again - an indicator that has never appeared during a bear market — the setup mirrors previous moments that led to explosive rallies. |
While no indicator offers certainty, the alignment of reduced volatility, maturing market behavior, and network strength seemed to paint a compelling picture for the crypto. Hence, Bitcoin may be gearing up for its next major leg upwards. |
As SEC vs Ripple nears its conclusion, can XRP's price hold on? |
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Key points: |
XRP still struggling below $2.04, despite recent gains. Ripple's settlement with the SEC might possibly reshape the United States' crypto regulatory landscape.
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News - XRP has recorded some notable gains recently. However, the rally may be on shaky ground. Despite climbing to close to $2, the asset remains under the strong resistance at $2.04. |
In fact, technical patterns and on-chain signals seemed to hint at fading momentum. |
Will XRP enter a bearish zone soon? - Despite recovering from its recent low of $1.61, XRP continues to face stiff resistance near the $2.20 mark - A level that has repeatedly capped upward momentum. |
Additionally, a persistent falling wedge, negative price-to-activity divergence, elevated NVT ratio, and uncertain whale activity all pointed to underlying weaknesses. |
Hence, unless the price action reclaims $2.20 with strong volume and clears the 50-day SMA at $2.28, XRP may be vulnerable to renewed selling pressure. Owing to the same, it might potentially retest the support at $1.86 or even fall back towards $1.61. |
SEC vs Ripple- With Ripple and the SEC moving closer to a long-anticipated settlement, the end of one of crypto's most defining legal battles may be near. While procedural formalities may extend the timeline, the broader market has already priced in the likelihood of a resolution. |
If approved, the settlement could set a powerful precedent for future crypto regulations in the United States. Especially as the SEC continues warming up to industry giants like Ripple, Coinbase, and Kraken. Additionally, it might also have a positive impact on the price of XRP, ultimately leading to a rally. |
ETF buzz and miner confidence fuels Dogecoin's short-term price |
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21Shares has filed for a Dogecoin ETF, joining Grayscale and Bitwise in the race. Analysts predict a potential reversal for DOGE, with some expecting a new all-time high in June.
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News - The competition to launch the first U.S. Spot memecoin ETF is intensifying, with 21Shares becoming the latest contender. On 9 April, the firm submitted a proposal to the SEC, seeking approval for a Dogecoin ETF. |
However, despite there being a 64% chance of a DOGE ETF being approved in 2025, the sentiment around Dogecoin remains mixed. This move comes on the back of similar filings by Grayscale and Bitwise earlier in Q1 of 2025. |
A technical POV - Miners have been accumulating DOGE tokens since March, increasing holdings from 831 million to 907 million. This is a sign of a shift from their previous sell-offs. |
However, retail interest in the memecoin might be a little subdued, with muted social volumes and active users. Large wallet holders holding over 1 billion DOGE continue to offload their tokens, putting pressure on DOGE's price. |
Meanwhile, the asset has retraced to $0.15 - A key support level. However, a break below it could see the price drop further to $0.10 or $0.06 unless bulls reclaim the 200 DMA above $0.25. |
Analysts remain optimistic - Dogecoin's recent price action suggested that the long-standing downtrend may have come to an end. Especially as it reclaimed the $0.15300-mark and signaled a potential reversal. |
Analysts like Trader Tardigrade and Master Kenobi are also optimistic, with the latter predicting a bounce-back to new all-time highs by early June. If correct, this would mean that Dogecoin might have hit its bottom and may be poised for a strong recovery. |
Did Trump tip off Wall Street? Warren calls for tariff manipulation probe |
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News - U.S Senator Elizabeth Warren has raised eyebrows with her call for a formal investigation into President Donald Trump's recent tariff strategy. In a statement on 10 April, Warren criticized the administration's use of trade policy. According to the Senator, it is not being used to promote economic stability, but to manipulate market conditions in favor of wealthy donors. |
Is Warren right this time? - Warren's recent comments accuse President Trump of manipulating market conditions through erratic tariff decisions to benefit his Wall Street allies. She pointed to a sudden hike in Chinese tariffs from 105% to 125% in one day as an example of this unpredictable strategy. This, she argued, has left investors on edge. |
Warren also criticized a potential insider advantage, highlighting Trump's Truth Social post which urged his followers to "BUY NOW!!!" He shared this before announcing a 90-day tariff pause, which resulted in a $4 trillion market recovery. |
This sequence of events has raised questions about whether Trump's tariff actions are part of a larger strategy to benefit his billionaire supporters. |
What's next - As calls for accountability intensify, former White House Ethics attorney Richard Painter and Senator Adam Schiff have joined Senator Elizabeth Warren in raising concerns about the legality of Trump's online statements. |
Despite growing bipartisan concerns over Trump's tariff policies and their impact on market instability, Democrats currently lack the legal authority to compel regulatory action, leaving the former president's financial dealings largely unchecked. |
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More stories from the crypto ecosystem |
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Crypto scams uncovered |
Back in March 2025, Indian police uncovered two major cryptocurrency scams - RSN Crypto Currency Token and Crypto TLC 2.0 - operating near the Bangladesh border. Within three days, five individuals were arrested for defrauding over ₹220 crore from more than 1 lakh investors by promising 6% monthly returns and routing funds abroad via platforms like PhonePe, Paytm, and Binance. Back in December 2024, Nigerian authorities busted a massive scam involving romance and crypto fraud. They arrested 792 suspects, including 148 Chinese and 40 Filipinos. Operating from a call center, the group targeted victims across the Americas and Europe via WhatsApp and Instagram. Nigerians lured victims emotionally, while foreign operatives executed the scams, pushing fake crypto investments. On 8 April, the U.S. government shut down a fraudulent website, NFT-UNI.com, which was used to steal over $4.5 million from cryptocurrency investors, including a Warren County man who lost nearly $200,000. The scam, a classic "pig butchering" scheme, involved gaining victims' trust via social media and convincing them to invest in fake crypto platforms.
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Top 3 coins of the day |
Curve Dao (CRV) |
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Key points: |
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What you should know: |
The crypto market rebounded strongly following Donald Trump's decision to pause his tariff plans for 90 days. This unexpected relief sparked a bullish wave across digital assets, turning the market from deep red to vibrant green. Curve DAO (CRV) was no exception, surging by 20.91% over the past 24 hours to trade at $0.6139. Supporting this bullish trend, the Relative Strength Index (RSI) climbed to 61.61, signaling strong buying pressure. However, if this momentum continues unchecked, CRV could soon enter the overbought zone, potentially triggering a pullback. To avoid this scenario, CRV must maintain its strength and consolidate within the $0.551 to $0.635 range. |
Hyperliquid (HYPE) |
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Key points: |
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What you should know: |
As the broader market flashed green, Hyperliquid (HYPE) joined the rally with notable gains. At the time of writing, HYPE was trading at $15.38, marking a 9.09% hike over the past 24 hours. The MACD indicator supported the bullish outlook, with the MACD line positioned above the Signal line and green histograms confirming sustained positive momentum. Despite this rally, the overall downtrend in HYPE's structure remains intact. Hence, for HYPE to shift its market structure bullishly, it must break above the recent lower high at $16.76 — A key resistance level that could signal a transition from recovery to a sustained uptrend if breached. |
EOS |
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At press time, EOS was trading at $0.629. Price moved in the opposite direction of the broader market.
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What you should know: |
While the broader crypto market rallied with bullish momentum, EOS stood out as a notable exception. At press time, the altcoin was trading at $0.6299, following a 4.50% decline over the past 24 hours. This underperformance highlighted growing bearish pressure, further confirmed by the Chaikin Money Flow (CMF) indicator as it dipped below the neutral line to 0.04. For EOS to escape this bearish grip, it must reclaim the immediate resistance level at $0.699. A successful breakout above this level could reignite bullish sentiment and shift the momentum in favor of buyers. However, failure to do so may expose the asset to further downside risk, with the next key support resting around the $0.592-mark. |
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