Latest news with #Sentora
Crypto Insight
10 hours ago
- Business
- Crypto Insight
Crypto VC deals hit 2025 low despite $909M raised in May
Cryptocurrency investment deals fell to their lowest point of 2025, as analysts cited a mix of market-specific and macroeconomic factors behind weakening venture capital (VC) activity. Only 62 rounds were completed in May, a monthly low last seen in January 2021, according to data from crypto analytics platform RootData. Despite the drop, the 62 investment rounds still raised more than $909 million, making it the second-best month of the year by value, trailing only March's $2.89 billion across 78 rounds The slowdown is likely a 'combination of market prices and sentiment,' as both 'peaked at the end of January and rebounded only in April, before ranging from May 23 on deterioration of tariff rhetoric,' said Aurelie Barthere, principal research analyst at crypto intelligence platform Nansen. A challenging 'macro backdrop' paired with 'higher-for-longer policy rates, jittery bond markets and fresh tariff headlines have made it harder for risk assets to get new M&A deals over the finish line,' according to Patrick Heusser, head of lending at Sentora and a former investment banker: 'Most of the transactions we are seeing are consolidation plays, a pattern that typically emerges in cooling markets or after extended periods of range-bound pricing.' The disappointing year-to-date performance of most crypto assets added to the lack of interest, with Bitcoin 'standing out as a rare bright spot,' he added. M&A activity remains strong Despite the drop in venture deals, merger and acquisition activity remained robust. Coinbase Global acquired Deribit for $2.9 billion in a traditional merger and acquisition (M&A), the exchange announced on May 8. 'I also see many large deals going through the traditional liquid channels,' said Nansen's Barthere, adding that more crypto regulatory clarity will benefit 'direct deals between large companies and protocols, away from the VC market.' The $2.9 billion marks a new all-time high for crypto M&As, according to RootData sourced by Blockworks. The slowdown in VC deals may also be a function of 'seasonal patterns,' for May and June, according to Marcin Kazmierczak, co-founder and chief operations officer at blockchain oracle firm RedStone. 'Macro conditions certainly play a role, but I'd expect activity to pick up again as we head into early Q4; that's historically when the best deals get done and investors return from summer mode,' he told Cointelegraph. Source:
Business Mayor
26-05-2025
- Business
- Business Mayor
Ethereum Bullish Pattern Points To Immediate $3,000 Target
The Ethereum market price rose by a net 3.16% in what proved to be another historic week for the crypto market as Bitcoin registered a new all-time high price. Notably, the prominent altcoin has largely benefited from the general market resurgence in the past month, resulting in a 44.69% price increase over this period. Interestingly, popular crypto analyst Ted Pillows has tipped Ethereum to maintain this positive performance based on a bullish chart pattern. Related Reading: Ethereum Net Flows Turn Negative As Bulls Push For $3,500 Potential ETH Breakout Pattern Hints At $3,000 Mark – Analyst In an X post on May 24, Ted Pillows shares that Ethereum's price movement is forming an inverse head-and-shoulders pattern on the 12-hour daily trading chart, suggesting the altcoin may be due for a price breakout in the coming days. The inverse head-and-shoulders pattern is one of the classic bullish reversal patterns, signaling a potential change from a downtrend to an uptrend. Based on the Tradingview chart presented by Pillows, the left shoulder of this bullish formation of this bullish inverse head-and-shoulders pattern formed in February, when ETH sharply declined to around $2,000 before rebounding and entering a range-bound phase that persisted through the month. In the following months, ETH would register deeper price falls to trade as low as $1,400 in early April to form the head of this pattern. Since then, altcoin has staged a strong recovery, climbing to around $2,700, before entering another consolidation phase that now forms the right shoulder of the pattern. According to Ted Pillows' analysis, the $2,700 price mark represents the neckline of this inverse head and shoulders pattern. ETH bulls must achieve a decisive close above this resistance level to confirm any potential break, a task that has proven tough following two successive rejections in the past few weeks. However, if Ethereum convincingly breaks out above $2,700, Pillows backs the altcoin to swiftly reach the $3,000 price mark, indicating a potential 17.4% on the current market price. Ethereum Market Overview At the time of writing, Ethereum is trading at $2,500 after a 0.34% gain in the past day. Meanwhile, the asset's daily trading volume is down by 58.22% and valued at $12.35 billion. According to on-chain analytics firm Sentora, the Ethereum blockchain also recorded a 23.9% decline in network fees over the past indicating a decline in transactions and general network use. Meanwhile, $74 million in ETH were deposited in exchanges, representing the first inflows in over four months. Nevertheless, Ethereum's price has shown much resilience with no significant decline in response. READ SOURCE
Business Mayor
22-05-2025
- Business
- Business Mayor
Bitcoin hits new all-time high,100% of BTC holders in profit
Bitcoin hit a new all-time high above$109,000 on May 21, 2025. The milestone saw 100% of BTC holders fall into profit. Bitcoin also surpassed Amazon in terms of market cap Bitcoin price has just surged to a new all-time high above $109k. On May 21, 2025, the price of Bitcoin spiked more than 4%, storming past its previous ATH as optimism swept bears aside. Over $50 million worth of BTC shorts were liquidated in just an hour. 100% of Bitcoin holders are in profit This latest Bitcoin price surge sent every other holder of the coin into a profitable position. According to data from Sentora, formerly IntoTheBlock, 100% of Bitcoin addresses were in the money amid the massive milestone. With Bitcoin (BTC) price retesting the $109k level, holders underwater declined to zero. Also at 0% were addresses with the money, meaning wallets whose average buy price was at or near the previous ATH. Sentora had earlier shared via X on May 21, 2025, that BTC holders were 99% in profit as the price crossed the $107k level. A lot of those celebrating the new ATH are hodlers who have held BTC for more than a year. The percentage count according to Sentora data is 75%. More than 21% have held Bitcoin for 1-12 months. Notably, when Bitcoin price fell to under $80k in April, new holder wallets were among those to aggressively offload. Analyst says BTC could hit $600k in 2025 On May 21, as Bitcoin price surged towards its all-time high above $109k, Fred Krueger shared his staggering Bitcoin price prediction for 2025. Read More BNB Price Could Resume Upside Unless The Bulls Fail At $610 According to the BTC bull, the top crypto could see its price hit $600k by October 2025. While this may be an overly bullish take, his forecast is that a run to $150k by the summer will provide the impetus for a new parabolic leg up. Once we escape past 110K, there is no more friction. Its a smooth ride to 150k. 'Ground Control to Major Tom' — Fred Krueger (@dotkrueger) May 21, 2025 Saylor says it's time to buy BTC As Bitcoin rose to its new ATH, Michael Saylor, founder of Strategy, said Bitcoin is still a buy despite the rally. In a post on X, Saylor noted that not acquiring BTC at current price levels is 'leaving money on the table.' Earlier, in late April, the MicroStrategy founder noted that soon banks and global financial institutions will soon make Bitcoin 'unaffordable' to the regular investor. The remarks mirror numerous predictions that see BTC at $200k in 2025 and $1 million in the next few years. Bitcoin surpasses Amazon by market cap In the past 24 hours, the benchmark crypto has also notched another milestone – its market cap has surpassed that of Amazon. JUST IN: Bitcoin overtakes Amazon and Google to become the 5th biggest asset in the world. — Bitcoin Archive (@BTC_Archive) May 21, 2025 According to details on CompaniesMarketCap, Bitcoin's spike above $109k sees it overtake Amazon, the leading e-commerce company listed in the U.S. While Amazon currently sits at a $2.157 trillion market cap, Bitcoin has increased to over 2.166 trillion.
Business Mayor
18-05-2025
- Business
- Business Mayor
Ethereum Price Struggles To Hold Above $2,500 — Watch Out For This Support Level
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Ethereum price performance in the month of May has been nothing short of outstanding, surging by more than 35% in the past two weeks. After making a strong run toward the $2,700 mark on Tuesday, May 13, the altcoin's price has struggled to build on its momentum over the past few days. The price of ETH did manage to stay above the $2,500 mark over the past week, bouncing back from the psychological level on Thursday, May 15. However, the recent struggles seem to have compounded over the weekend, with the Ethereum price losing the $2,500 level to end the week. The Next Support Cushion For ETH Price Prominent crypto analyst Ali Martinez took to the social media platform X to share an interesting on-chain outlook on the price of Ethereum and its latest lack of bullish momentum. Following the dip of ETH beneath the $2,500 mark, the online pundit has identified the altcoin's next significant support level. Related Reading This evaluation revolves around the average cost basis of several Ethereum investors. Cost-basis analysis basically measures the ability of a price level to act as support or resistance — based on the total amount of coins last purchased by investors at this level. Read More Bitcoin Supply Drop Signals Upbeat Price Movement, Analyst Says Source: @ali_charts on X As shown in the chart above, the size of the circles directly corresponds with the quantity of ETH tokens bought within each price zone and the region's significance as support or resistance. In essence, the bigger the dot, the higher the number of tokens, and the stronger the support or resistance; the green dots are support (as they are usually below the current price), while the red dots represent resistance (as they are above the asset price). Data provided by Sentora (formerly IntoTheBlock) shows that the Ethereum price has key support around the $2,354 – $2,430 zone, where 2.64 million addresses purchased 63.9 million tokens (worth $153.04 billion at an average price of $2,395). As Martinez highlighted, this price bracket would serve as an on-chain cushion for the ETH price, as investors with their cost bases around the level would likely defend their positions by buying more tokens if the price falls toward $2,400. The fresh buying pressure around this price region would help counter the downward pressure, thereby keeping the Ethereum price afloat. The highlighted chart shows that it is all clear blue skies for the price of Ethereum, with no significant resistance lying ahead. However, the altcoin will need to hold above the $2,400 level, or it risks falling to as low as $2,200. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $2,480, reflecting a 0.7% increase in the past 24 hours. According to data from CoinGecko, the altcoin is down by nearly 4% on the weekly timeframe. Related Reading The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView Featured image from iStock, chart from TradingView
Finextra
17-05-2025
- Business
- Finextra
Has Ethereum finally outgrown the hype cycle?: By Prakash Bhudia
Ethereum has always been the go-to name when crypto gets serious. Not just the coin with the second-largest market cap but the platform that promised to do more - to build, to innovate, to underpin the decentralised internet. And yet, for years, it's often felt like Ethereum couldn't escape the hype. From NFT frenzies to DeFi summers, Ethereum's price movements were driven less by what it was doing and more by what people hoped it might do next. But 2025 is telling a different story. One where Ethereum isn't just along for the ride but starting to drive the vehicle. After a sluggish start to the year, Ethereum has staged a sharp comeback. In just 72 hours, ETH surged more than 44%, jumping from $1,800 to over $2,400 - its strongest rally since January 2021. Analysts are watching closely, but this time, it's not just retail traders and TikTok hype behind the move. It's institutional capital, real-world applications, and signs that Ethereum is finally starting to walk the walk. From bounce to breakout? Ethereum still trades well below its all-time high of $4,878. But momentum is building. Market analytics platform Sentora notes that over 60% of ETH addresses are now in profit, up from just 32% a month ago. That's not just a technical reversal; it's a psychological one. Adding to the intrigue, crypto investment firm Abraxas Capital quietly withdrew nearly $400 million worth of ETH from exchanges during the rally. Source: Lookonchain That's not the kind of move that suggests short-term trading. It's the kind that says: 'We're in this for the long haul.' Real use, not just real hype Ethereum's resurgence isn't just technical, it's functional. This year, we've seen projects like SUBBD, an AI-powered content platform built directly on Ethereum, shift the conversation away from speculation toward real-world utility. With over 250 million users, SUBBD offers decentralised, peer-to-peer content monetisation using Ethereum smart contracts - no middlemen, no platforms taking a 30% cut. Creators and followers transact directly using $SUBBD tokens, automating payments, subscriptions, and access to premium AI features. With staking rewards around 20% APY, the platform rewards engagement in a way traditional content networks never could. This is exactly the kind of high-utility use case Ethereum was built to support - smart contracts in the wild, not just on whitepapers. Institutions are not just dipping their toes Ethereum's recent rally is being driven in part by institutional flows, and that matters. It's one thing for retail traders to chase a narrative, quite another when ETFs, treasury desks, and major capital allocators start buying in. With spot Ethereum ETFs now active in the US and Hong Kong, and physically settled futures on the horizon via CME, Ethereum is increasingly looking like a legitimate asset class - not just a crypto curiosity. SUBBD may appeal to creators and AI enthusiasts, but it also represents something bigger: the idea that Ethereum isn't just infrastructure for decentralised finance - it's a platform for decentralised economies full stop. What's changed this time? A few things. First, the fundamentals are stronger. The Pectra upgrade, which improves staking, finality speed, and validator flexibility, is helping position Ethereum for greater scalability, something that was sorely lacking during the last cycle's congestion headaches. Second, utility tokens like $SUBBD are no longer fringe experiments. They're functioning products with large user bases, monetisation models, and sustainable feedback loops. Third, and this is crucial - Ethereum's growth isn't being powered purely by hype anymore. The sentiment is shifting from 'number go up' to 'network go real.' Still room for doubt? Absolutely. Ethereum still faces resistance levels at $3,073, $3,700 and $4,000. And with the broader macro landscape throwing curveballs - from Fed rate policy to global election cycles - risk assets like ETH aren't immune to shocks. Add in regulatory grey zones around staking in the US, and the road to $12,000 (yes, some analysts are making that call) is anything but guaranteed. But here's the twist: for the first time in a long while, Ethereum's success doesn't seem to rely on price speculation alone. It's being validated by real-world applications and long-term capital - not just hope. Has Ethereum outgrown the hype? It might be too soon to say it's completely outgrown it - crypto is still crypto, after all. But Ethereum's foundations are clearly shifting. Institutional players aren't just buying the dip - they're backing the ecosystem. Developers aren't just chasing the next trend - they're building infrastructure with users in mind. Platforms like SUBBD are proof that Ethereum's value is increasingly tied to what it enables, not just what it promises. That's a big difference. So, no, Ethereum hasn't entirely left the hype cycle behind. But for the first time, it looks like it might be leading it rather than being led by it. Technical outlook: Will ETH rebound? At the time of writing, ETH is sliding with sell bias evident on the daily chart. However, volume bars show contracting sell bars which is indicative of waning sell pressure and a potential price reversal. Source: Deriv MT5
