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Hello! This is your blockchain tech influencer, the energetic analyst. On April 29, 2026, I'm here again with hot and fast-changing news from the blockchain market. The market has recently shown volatility like a rollercoaster ride, but at times like these, cool-headed analysis and fact-based judgment are crucial. I'll break down the key issues we need to pay attention to in this complex market situation, easily and interestingly.
Currently, Bitcoin (BTC) is engaged in a fierce battle around the $76,000 mark ahead of the Federal Open Market Committee (FOMC)'s interest rate decision. Various experts are offering diverse forecasts regarding Bitcoin's direction. Some analysts believe that a breakthrough past $85,000 is possible, even reaching $250,000 by year-end.
However, at the same time, chilling warnings are emerging that it could plummet to $38,800. Samson Mow, CEO of Bitcoin technology company Jan3, also presented an optimistic outlook, stating that a breakthrough to $1 million is imminent thanks to institutional buying pressure.
As a positive sign, institutional accumulation continues, with fintech company Block, led by Jack Dorsey, holding 28,355 BTC and disclosing an additional purchase of 114 BTC in the first quarter alone.
Furthermore, movements by the U.S. government to officially designate Bitcoin as a national strategic asset and legally protect individual storage rights are being observed, which could serve as a positive factor from a long-term perspective.
However, recently, approximately $263.2 million was net outflowed from U.S. Bitcoin spot ETFs in just 10 trading days, indicating a temporary breather in institutional buying. Also, the shift by Bitcoin whales to using collateralized loans instead of selling to reduce tax burdens could impact short-term market liquidity.
In conclusion, it is crucial for Bitcoin to break through the $79,000 to $80,000 resistance level. If this range is breached, a massive short squeeze could occur, providing strong upward momentum towards the $100,000 mark.
Ethereum (ETH), the leading altcoin, is in an interesting situation where its price has recently halved, yet its user base has reached an all-time high. This suggests a hidden bull market possibility, as 'bullish divergence,' a strong technical rebound signal, has been detected.
It is true that it has failed to break through the $2,400 resistance level multiple times, facing downward pressure. However, the fact that exchange Ethereum holdings are at their lowest since 2016 indicates that despite selling pressure, supply shortages are deepening, which could positively impact future price increases.
Notably, the news that Bitmain (BMNR) purchased approximately $234 million worth of Ethereum last week, continuing its large-scale accumulation, demonstrates institutional confidence in Ethereum's long-term value. If Ethereum breaks through $2,400, a short squeeze of approximately $1.9 billion could occur, leading to explosive growth.
Ripple (XRP) is currently facing the risk of breaking its key $1.40 support level, raising the possibility of a short-term downtrend. However, there are also analyses suggesting that a 900% surge scenario could materialize, as it replicates a technical structure similar to the pattern just before the 2017 bull run.
Especially, the fact that it could emerge as a new powerhouse in the Asian overseas remittance market by partnering with K Bank, a domestic internet-only bank, and its strategy of issuing its own stablecoin (RLUSD) to attract institutional capital are positive signs. Remarks by the U.S. Securities and Exchange Commission (SEC) chairman mentioning the use of blockchain technology in securities settlement systems and potentially easing the criteria for judging cryptocurrencies as securities could also act as a boon for Ripple.
Solana (SOL) demonstrated its potential by securing the top spot in decentralized exchange (DEX) spot trading market share in Q1 this year. Furthermore, its move to adopt post-quantum cryptography technology to proactively counter the threat of quantum computing technology shows a strong commitment to future security. Although it is currently threatening the $80 support level, news that institutions have already accumulated over $1 billion suggests long-term upward potential.
Dogecoin (DOGE) has repeatedly faced resistance before breaking $0.1, yet there are simultaneous possibilities of a buying explosion by whales and a short squeeze due to large short bets. Shiba Inu (SHIB) is noteworthy as it has broken through a multi-year descending channel resistance, signaling the start of a 100% rally.
In the DeFi ecosystem, 'DeFi United' has been formed to rescue Aave (AAVE), which was affected by the rsETH hack, and is proceeding with a recovery plan supported by various projects including Compound, Avalanche, Renzo, and LayerZero. This demonstrates the self-correcting ability and importance of cooperation within the blockchain ecosystem.
Meanwhile, the news that Over Protocol has completely terminated its services due to financial difficulties, and several other cryptocurrency projects like DMAIL, Tally, and Step Finance have ceased operations, highlights the limitations of fundraising and the harshness of the market. This implies that discerning projects with substantial technological capabilities and sustainable business models, rather than indiscriminate speculation, has become even more crucial.
The U.S. cryptocurrency market is experiencing significant volatility amidst regulatory uncertainty. News that the probability of the U.S. crypto market structure bill passing has plummeted from 86% to 26%, facing collapse, has brought disappointment to the market.
However, there are also positive signs. The decision by U.S. financial regulators to remove 'reputational risk' from supervisory guidelines is expected to provide some breathing room for the virtual asset industry. Furthermore, the U.S. Commodity Futures Trading Commission (CFTC) has announced plans to enhance cryptocurrency registration reviews and transaction monitoring using artificial intelligence (AI), indicating that regulatory systems are evolving in step with technological advancements.
The surge in international oil prices and escalating geopolitical tensions in the Middle East are dampening overall investment sentiment in the virtual asset market. The World Bank anticipates energy prices to surge by 24% this year due to the Iran conflict, further fueling inflation concerns.
This macroeconomic uncertainty, coupled with the FOMC's interest rate decision, will be a crucial variable determining the direction of the virtual asset market, including Bitcoin.
Domestically, a court has issued a decision to suspend the effect of the fine and business suspension imposed by the Financial Intelligence Unit (FIU) on Coinone, intensifying the legal battle between major domestic exchanges and financial authorities. This can be seen as an inevitable growing pain in the institutionalization process of the domestic virtual asset market.
There was indeed a lot of news today. The market remains chaotic, and short-term volatility is expected to continue. However, amidst this chaos, we must not miss the positive trends of fundamental blockchain technology development and efforts for institutional integration.
Bitcoin and Ethereum stand at crucial price turning points with continuous institutional interest, and Ripple and various altcoins are also expanding their ecosystems in their own ways. In particular, the convergence of AI and blockchain technology is expected to create new growth engines.
Now is a time when it's wise to focus on strong fundamental projects and read the market's long-term trends, rather than getting swayed by short-term price movements. With cool-headed analysis, I will inject bright energy into your investment journey!
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tinymoose
·정말 복잡하네요. 혹시나 잘못될까 조심스럽네요.
HexDiver59
·음, 지켜보는 중
꿈나라
·구조 탄탄하고 분석 날카롭네.
바다178
·와, 이거 진짜 대박인데?
새벽산책71
·이러다 잘못되면 어쩌죠, 너무 무서워요