Tag: Support

Crypto PACs Spend $7.2M to Support Candidates in 5 US States with Midterms Looming

boss

Political action committees (PACs) affiliated with the cryptocurrency company-backed Fairshake reported spending millions of dollars to support candidates in five races, with less than six months until US voters decide on their representatives in Congress. According to filings with the Federal Election Commission this week, the Protect Progress PAC reported about a combined $1.6 million in expenditures for Jasmine Clark and Christian Menefee, Democrats running to represent Georgia’s 13th Congressional district and Texas’ 18th district, respectively.  The reported media buys came before Clark will face a May 19 Democratic primary…

Amina Adds Trading, Custody Support for Canton Network Token

boss

Swiss crypto bank Amina has added custody and trading support for Canton Coin, becoming the first regulated bank to offer services for the token tied to the Canton Network, an institutional-focused network. In a Wednesday announcement, Amina said clients will gain regulated access to the Canton Network, a public blockchain designed for capital markets and tokenized finance. The network was developed by Digital Asset and is backed by the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs and Citadel. The move allows institutional clients to hold and trade Canton…

Bitcoin Price Keeps $80K Support, Can Bulls Extend Rally Soon?

Bitcoin price started a fresh increase and cleared the $80,800 zone. BTC is consolidating and might aim for more gains above the $81,500 level. Bitcoin managed to stay above $80,000 and started a fresh increase. The price is trading above $80,500 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $80,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $80,000 and $79,200 levels. Bitcoin Price Could Extend Gains…

Crypto PAC spends $500K in support of Indiana candidate ahead of primary

boss

Defend American Jobs, the cryptocurrency-backed political action committee (PAC) affiliated with Fairshake, reported spending more than $500,000 on media to support a Republican incumbent representative in Indiana. According to a Saturday filing with the US Federal Election Commission (FEC), the Defend American Jobs PAC spent about $514,000 on media in support of James Baird, a Republican House member running for reelection in Indiana’s 4th Congressional District. The spending was the latest in Fairshake’s spending on the 2026 US elections ahead of today’s Indiana primary elections. Source: FEC Baird, who assumed…

Bitcoin Bulls Defend $80,500 Support, Driving 7% Weekly Surge to $1.63 Trillion Cap

boss

Key Takeaways: Bitcoin hit $81,714 on May 5 as the Trump administration worked to de-escalate Middle East tensions. The rally triggered $202 million in short liquidations, pushing the crypto market cap to $2.77 trillion. While the Strait of Hormuz remains a concern, President Trump’s ceasefire is expected to stabilize oil. Geopolitical Influence After breaching $81,000 for the first time in months early May 5, buoyed by the Trump administration’s downplaying of Monday skirmishes in the Strait of Hormuz, bitcoin briefly retreated before establishing support just above $80,500. However, the sell-off…

Flipping $80K To Support Requires A Rally Through Holders’ Cost-basis

boss

Bitcoin (BTC) reached a new three-month high of $80,500 on Monday, testing the level for the first time since Jan. 31. The rally above $80,000 puts the price just below short-term holders’ cost basis of $81,486, the next dynamic resistance level. For the rally to continue, a daily close above this level is key to securing $80,000 as support.  A rally to $81,500 may lock in the trend Bitcoin’s rally to $80,000 places the price directly under the short-term holder’s realized price of $81,486. This metric reflects the average cost…

Bitcoin Clings To Key Support: EMA Reclaim Vs $78,000 Resistance Showdown

boss

Bitcoin is holding a critical position as it attempts to stabilize above a key moving average while facing persistent resistance near $78,000. The recent reclaim of the 21-week EMA signals potential strength, but repeated rejections overhead continue to test bullish momentum. With price caught between strong support and a stubborn ceiling, the next move could be decisive in shaping BTC’s short-term trend.   BTC Secures Marginal Weekly Close Above 21-Week EMA Crypto analyst Rekt Capital shared in a recent update that Bitcoin has achieved a marginal weekly close above its 21-week…

Bitcoin Rejected At Key Cost Basis Zone—Is $68,000 The Next Support?

boss

On-chain analytics firm Glassnode has highlighted how the latest Bitcoin rejection came inside a zone containing some historically important cost basis levels. Bitcoin Could Find Support At -1 SD Of The STH Realized Price Next In its latest weekly report, Glassnode has talked about a key cost basis zone that Bitcoin retested recently. The region in question involves two major on-chain metrics: the Short-Term Holder Cost Basis and True Market Mean. The first of these, the Short-Term Holder Cost Basis, measures the average acquisition price of the short-term holders (STHs),…

Bitcoin Cost Basis Cluster Forms Near $75K Support

boss

Bitcoin (BTC) is trading at $76,350, which is above several key investors’ cost-basis levels. The one-to-three-month holder average sits at $75,620, placing a large share of recent buyers near breakeven, while the price sits just below the US spot exchange-traded fund (ETF) cost basis of $76,700.  The short-term holder (STH) cost basis and the adjusted realized price extend on either side of this range, increasing the importance of the $75,000 level as a near-term support pivot.  BTC cost basis cluster tightens near $75,000 The one-to three-month holder cohorts share an…

Peter Brandt Puts XRP Bulls on Alert With New Support Chart

boss

Veteran trader Peter Brandt has shared a weekly chart and asked traders how deep they think XRP could fall into support. The post matters because Brandt’s chart frames XRP not as a clean momentum breakout, but as a market still trying to prove that its late-2024 range expansion can hold as support. Brandt, posting from @PeterLBrandt account on X, addressed the XRP crowd directly. “Attention all Ripplettes,” he wrote. “How deep into support do you Ripplettes think price could go? XRP. See chart.” XRP weekly chart | Source: X @PeterLBrandt…