Currency Forecast

Meanwhile, in a theater of politics known as the US Congress, they are hosting their little ‘Crypto Week’. Yes, it sounds about as thrilling as a lecture on the history of sandwich making, but leaders are gathering to ponder three lavishly golden bills that promise to sprinkle some fairy dust on the pro-industry dreamers. The elections may seem like a distant mirage, but these bills are up for a vote faster than you can say “cryptocurrency!”

With long-term and short-term holders having a dramatic flair and cashing out like it’s the final act of a Broadway show, we’re left wondering—will our dear accumulators follow suit and dump their treasures?

In case you missed it, Ethereum (ETH) just broke through the big bad $2,819 barrier. This level has been the ultimate party pooper, preventing any serious upside action for ages. But now, it’s gone—like last season’s fashion. This breakout wasn’t a fluke; we saw an impulsive candle strut its stuff, followed by prices dancing above that $2,819 mark. If ETH can keep it together and hold $2,819 as support, we might just have the beginnings of a rally aimed at $3,600. Yeah, you heard me right—$3,600.

According to the latest data from the investment research platform Intel, Vanguard has amassed over 20 million shares of MSTR, which is about 8% of MicroStrategy’s outstanding Class A common stock. This means Vanguard now has an indirect stake in over 200,000 Bitcoin (BTC) held by MicroStrategy, a 26.3% increase between January and April 2025. 🤯

As part of this grand plan, OKX will now support $USDG, a US dollar-backed stablecoin that’s about as stable as a cat on a treadmill. It’s a token released by Paxos, a brand that’s as credible in the digital asset world as a unicorn in a tech conference. OKX made sure to share this news on their official social media page, because why not? 🦄

Suleimenov stated that Kazakhstan will invest a portion of its foreign exchange reserves and gold reserves into crypto. This will also be used on the assets of the National Fund. He said the nation is interested in constructing a diversified portfolio. This portfolio aims to achieve higher investment returns through crypto assets.

The broader crypto market is currently experiencing a bullish wave, much like a surfer catching the perfect wave, thanks to Bitcoin’s record-breaking rally past $123,000. XRP, not one to be left behind, has surged to a five-month high near $2.95. Despite a rather hefty $104 million in outflows from XRP-linked investment products last week, the momentum hasn’t slowed. In fact, XRP’s derivatives market has shown notable strength, with Open Interest (OI) surging 12% to $8.3 billion and trading volume jumping 53% to $23 billion in just 24 hours, according to CoinGlass. 📈

With over 50% of all dollar-pegged coins chilling on its network, it’s no wonder big banks and asset managers have suddenly gazed at Ethereum with googly eyes. I mean, who wouldn’t want to cuddle up to the home of the stablecoin family?💕

Several support levels have faced trials akin to characters in a tragic play, yet the recent resurgence from $4.52 to $4.58 at 13:00 UTC emerged like a phoenix, teasing us with the prospect of stabilization above the hallowed ground of $4.50.

Henrik, who’s always been a bit of a cosmic navigator, is keeping a close eye on the TOTAL chart, which tracks the total market cap of crypto, excluding stablecoins (because, you know, stablecoins are just the boring cousins of the crypto family).