Cryptocurrency Market Analysis: Breaking the $86K-$88K Resistance
READ SOURCE businessmayor April 21, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Ray Dalio Says 15% In Bitcoin Or Gold May Be Essential As Fiat Currencies Face Devaluation Risks
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Billionaire investor Ray Dalio advised a 15% portfolio allocation to Bitcoin (CRYPTO: BTC) or gold, citing mounting U.S. debt concerns and potential currency devaluation risks. What Happened: The Bridgewater Associates founder warned of a 'classic devaluation' scenario similar to the 1970s or 1930s in an appearance on the Master Investor Podcast, where fiat currencies could decline together against hard assets. 'If you were neutral on everything and optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,' Dalio stated. Don't Miss: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — You Can Become an Investor for Just $500.25 Dalio expressed a strong preference for gold over Bitcoin, previously describing the precious metal as the 'purest play' for a store of value. Gold currently ranks as the second-largest reserve currency globally after the U.S. dollar, he noted. The billionaire holds both assets but maintains significantly larger gold positions than Bitcoin allocations. Why It Matters: The veteran investor highlighted critical fiscal challenges facing the United States. Federal government debt stands at 125% of GDP, with the fiscal deficit reaching 7% of GDP—the highest among industrialized nations. Dalio proposed a '3% solution' requiring immediate action to reduce the deficit from 7.5% to 3% of GDP through combined tax increases and spending cuts. While acknowledging Bitcoin's perceived value as alternative money with limited supply and global transaction benefits, Dalio questioned its effectiveness as a reserve Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image via Shutterstock This article Ray Dalio Says 15% In Bitcoin Or Gold May Be Essential As Fiat Currencies Face Devaluation Risks originally appeared on
Yahoo
11 minutes ago
- Yahoo
This Unstoppable Cryptocurrency Could Soar 300% By the End of 2025, According to Tom Lee of Fundstrat
Key Points Ethereum could hit $15,000 by the end of the year, according to Tom Lee of Fundstrat. The convergence of Wall Street finance and blockchain finance is leading to higher valuation targets for Ethereum. Stablecoins could be the perfect use case for Ethereum, helping it reach a mainstream audience. 10 stocks we like better than Ethereum › In the crypto market, all eyes are now on Ethereum (CRYPTO: ETH), which is up a head-spinning 50% over the past 30 days. The price of Ethereum is now $3,600, with no signs of slowing down anytime soon. In fact, Tom Lee, the co-founder of Fundstrat and the chairman of a new Ethereum Treasury Company, thinks a fair price for Ethereum could be as high as $15,000. And he thinks Ethereum might get there by the end of the year. But is he right? Could Ethereum really skyrocket 300% in a span of mere months? The Wall Street convergence theory Central to Tom Lee's thesis is the idea that the worlds of Wall Street finance and blockchain finance are converging. Terms like "stablecoins" and "tokenization" are becoming mainstream, and the new crypto policies of the Trump administration have been very bullish for crypto. That would seem to suggest big things ahead for the world of decentralized finance (DeFi), which is a broad, catch-all term for all the new financial products and services that blockchain technology makes possible. According to Tom Lee, Ethereum is Wall Street's favorite blockchain. It's big, it's global, and it's a name that has been around for more than a decade. Everyone remembers Ethereum as the powerhouse that led the way during the previous crypto bull market rally of 2020-2021. Right now, Ethereum accounts for roughly 50% of the stablecoin market and 60% of the tokenized assets market, so it's easy to make the case that it is, indeed, the favorite blockchain of Wall Street. Other Layer 1 blockchains have emerged in the past few years, but none have made a significant dent in Ethereum's market dominance. So, on this basis alone, I agree with Tom Lee that Ethereum could be significantly undervalued. A "ChatGPT moment" for Ethereum? But here's where things get really interesting. In a recent interview with CoinDesk, Tom Lee suggested that stablecoins could represent a "ChatGPT moment" for Ethereum. Think back to 2022. Nobody heard of generative AI until ChatGPT appeared. Now, nobody can stop talking about it. Tom Lee thinks the same sort of phenomenon is going to happen with Ethereum, and it will all start with stablecoins. They are the perfect type of use case to demonstrate the power of the Ethereum blockchain. Admittedly, just about everyone seems to have fallen in love with stablecoins this summer. The U.S. government loves them because they could help to solve some major macroeconomic problems. Retailers love them because they could help to eliminate credit card processing fees. Financial institutions love them because they could generate new yield strategies. The number of companies rumored to be launching new stablecoins is almost too big to list, and includes heavyweights in the tech, retail, and financial services industries. However, things get dicey once you start to talk about valuation. In order to get from $3,600, where Ethereum is now, to $15,000, where Ethereum needs to be by the end of the year, a lot needs to go right. To make the numbers work, Tom Lee has suggested that Circle Internet Group (NYSE: CRCL), issuer of the USDC (CRYPTO: USDC) stablecoin, could be a useful valuation comp. In other words, he wants investors to value Ethereum the same way that they are valuing Circle, which went absolutely ballistic after its June IPO. Can you trust the hype? Just remember -- in addition to his role at Fundstrat, Tom Lee is also chairman of Bitmine Immersion Technologies, an Ethereum Treasury Company. So, he has a vested interest in talking up the price of Ethereum. People are already drawing parallels between Tom Lee at Bitmine Immersion Technologies and Michael Saylor at Strategy. When was the last time you ever heard Saylor say that the price of Bitcoin was going to fall? Remember, too, that at the beginning of the year, many people were ready to forget all about Ethereum. The blockchain seemed to be broken, developers were demoralized, and Vitalik Buterin, the co-founder of Ethereum, hinted he might quit. The price of Ethereum fell for the first few months of the year. That is, until the announcement of the first publicly traded Ethereum Treasury Company at the end of May. That's what really kicked off all the buzz around Ethereum. And, to extend the ChatGPT analogy, there is now a whole host of rival AI projects -- including Grok, Claude, and DeepSeek -- that are arguably just as good, or even better, than ChatGPT. The same thing is true in the blockchain world. Ethereum might get all the buzz, but other Layer 1 blockchains, including Solana, might be just as good, or even better. That leads me to think that maybe the hype around Ethereum is building to unsustainable levels. While I can easily see Ethereum making a run at its all-time high of $4,891 within the next 12 months, it seems almost impossible that Ethereum is headed to $15,000 by the end of 2025. Should you invest $1,000 in Ethereum right now? Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ethereum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Dominic Basulto has positions in Bitcoin, Circle Internet Group, Ethereum, Solana, and USDC. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy. This Unstoppable Cryptocurrency Could Soar 300% By the End of 2025, According to Tom Lee of Fundstrat was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
14 minutes ago
- Forbes
Bitcoin Analysts Highlight Key Factors To Watch As July Winds Down
Bitcoin traders have several important developments to watch as July comes to a close. Bitcoin analysts singled out crucial developments that market observers should monitor as July, which has been a big month for the crypto industry, comes to a close. This month coincided with many important regulatory developments, including legislative progress where the U.S. House of Representatives approved three separate bills involving digital currencies and President Donald Trump signed one of them, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), into law. The world's most prominent digital currency reached an all-time high of more than $122,000 roughly halfway through July, and has been trading primarily between $115,000 and $120,000 since then, according to Coinbase data from TradingView. The cryptocurrency has been consolidating recently, a development that multiple experts highlighted in their commentary. 'Bitcoin remains in a consolidation phase just below $120K, with traders watching for a breakout above resistance or a pullback to support near $114K,' Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, stated via email. 'Key catalysts include ongoing ETF inflows, rising corporate treasury allocations, and pending regulatory developments like the CLARITY Act. As we close out the month, macro liquidity trends and further signals from U.S. policymakers could dictate short-term momentum,' he added. Tom Bruni, editor-in-chief & VP of community at Stocktwits, also weighed in on this matter, stating via email that bitcoin has been 'Consolidating tightly between $115,500 and $120,500 over the past two weeks. Given the broader trend is to the upside, bulls expect this consolidation to resolve higher and target roughly $140,000." 'If this consolidation resolves lower by closing below $115,500, that would suggest the short-term momentum in Bitcoin has been lost and that a retest of the $105 to $110,000 range is likely,' he added. 'All eyes are on the FOMC meeting on Wednesday and the remainder of the 'Magnificent Seven' earnings on Wednesday and Thursday to set the tone for the market through August and into September,' Bruni concluded. Doug Colkitt, a founding contributor at Fogo, took a different tack, focusing on how vulnerable the markets are to notable movements either upward or downward. 'The market's at an inflection point. Volatility is compressing, leverage is building, and the order books are getting thinner across major venues,' he stated. 'That's a classic setup for a sharp move in either direction,' Colkitt continued. 'From a structure standpoint, keep an eye on open interest across perp markets and funding rates. If those flip hard, we could be looking at a classic liquidation cascade,' he added. 'But if spot ETF demand holds steady, any dip might get aggressively bought,' Colkitt noted. When looking at key developments toward the end of this month, policy updates will be crucial, noted the YouTuber who goes by Wendy O. 'As of right now, Bitcoin is currently having a little pullback which means number is going down but this past Sunday we had the highest Bitcoin weekly close ever at around $119,000,' she stated. 'We also are expected to get some updates regarding the White House's Crypto policy on July 30 along with a decision from the Fed regarding rates, which could cause some upward price action as this may be interpreted by the market as positive fundamentals,' the analyst added. Douro Labs CEO Mike Cahill also offered this perspective, indicating that 'As we wrap up the month, institutional flows are going to be a key signal to watch.' 'Bitcoin is increasingly trading like a macro asset, so investors should pay close attention to real-world rate expectations, ETF inflows, and post-earnings positioning in risk markets,' he emphasized. 'The bigger picture here is that Bitcoin has officially become part of the traditional portfolio allocation conversation. As more institutions look to balance exposure between cash, equities, and digital assets, Bitcoin's price will respond accordingly,' Cahill predicted.
