Most of the coins keep setting new local peaks today, according to CoinStats.CoinStats”>

BTCUSD

The rate of Bitcoin BTCUSD has gone up by 0.46% over the last day.TradingView”>

On the hourly chart, the price of the main crypto is going down after a breakout of the local support of $108,696. 

If the situation does not change by the end of the day, the correction is likely to continue to the $108,000 mark by tomorrow.TradingView”>

On the longer time frame, bulls have failed to keep maintaining growth after yesterday’s bullish bar closure. If nothing changes by the end of the day, there is a chance to see a test of the $107,000 by the end of the week.TradingView”>

From the midterm point of view, bulls are more powerful than bears, as the rate of BTC is closer to the resistance than to the support. However, if sellers seize the initiative and the candle closes near $105,000, one can expect a correction to the $100,000 area.

Bitcoin is trading at $108,380 at press time.

As momentum builds across the crypto market, Bitcoin and Solana are emerging as two of the most closely watched assets due to their strong technical setups.

Recent chart patterns suggest both are forming a classic “cup and handle” formation on the monthly timeframe—a historically bullish structure known for signaling major upward moves. Traders are increasingly optimistic that if this pattern completes, it could trigger significant rallies for both assets.

While Bitcoin has already begun to break out of the handle portion of the formation, Solana is still in the process of positioning itself for a potential breakout. The setup is particularly compelling because it mirrors a pattern that previously led to explosive gains during prior bull cycles.

Bitcoin Price Prediction

Bitcoin is currently exhibiting a classic cup and handle formation on the monthly chart, a well-known bullish technical pattern. If this pattern plays out fully, analysts predict a potential price target of $230,000.

This outlook is supported by Bitcoin’s recent consolidation phase, where it has spent seven weeks trading within a narrow range, fueling anticipation of a breakout.

A decisive move beyond the $110,000 level could trigger a powerful rally, with the long-term structure suggesting a continuation beyond its previous all-time highs from 2021.

While this forecast may seem ambitious, it aligns with some year-end 2025 predictions and reflects growing optimism among traders watching for confirmation of the breakout.

Source – ClayBro on YouTube

Solana Price Prediction

Solana is also forming a similar pattern and is considered by some to be mirroring Bitcoin’s bullish structure. If the breakout materializes, the projected upside for Solana is striking, with targets nearing $4,390 per coin—representing potential gains close to 3,000%.

However, unlike Bitcoin, Solana has yet to complete its breakout, and it must first surpass the key resistance near the $300 level. While such explosive growth may appear excessive, the possibility remains if overall market momentum supports another altcoin surge.

New Meme Coin Taps Into the Potential of Solana and Bitcoin Breakouts

While exact targets remain speculative, the broader takeaway is clear: both Bitcoin and Solana are showing signs of bullish momentum building under the surface.

If both assets fulfill the potential of their technical patterns, the ripple effect on altcoins, particularly within the Solana ecosystem including meme coins and DeFi projects, could be significant.

One such project is Snorter Token (SNORT), which is gaining early traction as one of the newest entries in the Solana ecosystem, presenting itself as a Telegram-based crypto trading bot designed specifically for meme coin and on-chain traders.

Currently in the early stages of its presale, the project has already raised over $1.6 million, indicating strong initial interest. Its main appeal lies in its potential to offer a real, functional product that provides fast, low-cost trading capabilities directly within Telegram.

Snorter Token stands out with a comprehensive set of features designed for both new and experienced crypto traders. Its tools include automated sniping for new token listings, on-chain limit orders, copy trading, and protections against honeypots and rug pulls.

The platform also offers a user-friendly dashboard that works seamlessly with a simple wallet connection. It also supports seamless cryptocurrency swaps and aims to deliver robust front-end trading tools, giving users more control over their transactions without needing centralized exchanges.

The team is prioritizing early product development, aiming to achieve product-market fit—a crucial milestone for long-term sustainability. Although team and location details remain undisclosed, this is typical for early-stage crypto projects.

The project’s vision centers on delivering practical functionality and utility within the Solana meme coin trading space. By offering practical tools and an intuitive user experience, Snorter Token hopes to attract a growing audience looking for more efficient ways to navigate volatile meme coin markets.

As the product evolves, Snorter Token has the potential to generate actual revenue, opening the door for future incentives like revenue sharing or staking rewards. For now, early participants can purchase tokens at $0.0975 each using a bank card or crypto via the Best Wallet app.

The project’s focus on building a usable bot with real-time features positions it as one to watch among emerging Solana-based tools. With the right development and adoption, Snorter Token could find its place in the competitive landscape of Telegram trading bots.

Visit Snorter Token

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As the Ethereum network witnessed a substantial increase in user activity and the adoption of decentralized applications (DApps), the need for scalability became a prominent issue for the first Layer-1 smart contract blockchain. To tackle this challenge, various Layer-2 scaling solutions were introduced to mitigate scalability concerns.

Among these scaling solutions, the Build ‘N Build (BNB) Chain has emerged as a competitive player by offering asset-bridging capabilities across different chains. This has provided the BNB Chain with a distinct advantage over established platforms like Ethereum, enabling it to address the scalability limitations and cater to the growing demands of the DApp ecosystem.

What Is the BNB Chain?

The BNB Chain, established in February 2022, is a comprehensive modular system that combines the advancements of the Binance Chain (BC) and the Binance Smart Chain (BSC). The introduction of the BNB Smart Chain (BSC) was a response to certain limitations observed in the BC to complement its functionality.

While the BC was primarily designed to cater to decentralized exchanges (DEX) and focused on achieving high transaction throughput and delivering an enhanced user experience, it lacked smart contract functionality. Instead of incorporating additional functionality into the BC, which could have impacted network efficiency, the Binance community developed the BSC as a separate entity to address these concerns and provide the desired smart contract functionality.

After the merger of both chains, the BC assumed the role of a dedicated layer for governance, encompassing voting and staking functionalities. On the other hand, the BSC was specifically designed to execute Ethereum Virtual Machine (EVM) consensus and support Ethereum-compatible applications, including MetaMask. This strategic implementation allows for seamless integration with smart contracts on the BSC

The BNB Team

The BNB team is led by Changpeng Zhao “CZ,” the founder of Binance, who introduced the BNB token and established the BNB Chain in 2017. Another key member of the team is He Yi, the co-founder and chief marketing officer. Before joining Binance, Yi served as Vice President at Yixia Technology, a leading mobile video tech company.

BNB: The utility token of the BNB Chain

BNB, the native utility token of the BNB Chain, plays a pivotal role within the BSC ecosystem. As the governance token, BNB enables holders to actively participate in shaping the development and future of the ecosystem. Additionally, BNB is essential for developers seeking to participate in token sales conducted on the Binance Launchpad.

BNB tokenomics

The BNB token operates under specific tokenomics. It has a maximum capped supply of 200,000,000 tokens, and a deflationary burning mechanism is in place to gradually reduce the supply to 100,000,000 coins. Currently, the total supply of BNB is 157,900,174, with 157,886,280 tokens currently in circulation.

BNB use cases

In recent years, the use cases of BNB have expanded significantly, offering a range of functionalities. These include participating in governance proposals through voting, staking to contribute to the network’s security, utilizing BNB as collateral for loans on decentralized finance (DeFi) platforms, and covering transaction fees within the Binance ecosystem. Furthermore, BNB is accepted as a form of payment for credit card transactions at select merchants who support it.

BNB distribution

BNB was introduced in July 2017, initially distributing 200,000,000 coins according to the following allocation:

• Fifty percent of the supply was issued through an initial coin offering (ICO) held in 2017.
• Forty percent of the supply was reserved for the foundation team.
• Ten percent of the supply was distributed to angel investors.

Expanding the utility of the BNB Chain

The BNB community is dedicated to enhancing the BNB Chain by integrating side chains and implementing zk-rollups. These advancements aim to provide customized blockchain solutions and improve scalability, enabling efficient and high-performance operations. With these developments, there is optimism for a resurgence in interest and value for BNB, potentially approaching or surpassing its previous peak of $690.

Bitcoin (BTC) is a revolutionary virtual currency that supports a decentralized peer-to-peer (P2P) payment system free from the centralized control of any government or entity. Bitcoin was created in 2008 by an anonymous person or group of people known by the pseudonym Satoshi Nakamoto.

Although Bitcoin wasn’t technically the first cryptocurrency created, the asset and its ground-breaking blockchain technology are widely considered the catalyst for today’s flourishing digital asset industry. Bitcoin is currently the largest cryptocurrency by market capitalization.

How does Bitcoin work?

Bitcoin is entirely digital and operates on a decentralized blockchain network — a virtual public ledger that records all transactions made on the Bitcoin blockchain. Bitcoin transactions are sent electronically to nodes that verify their validity. Once confirmed, a transaction is grouped with others to create a ‘block’ of information, which is then added to the blockchain. This process is known as Proof of Work, and it helps to protect the network’s security.

The blockchain ledger is immutable, making it virtually impossible to be removed or altered. The ledger is freely accessible to anyone, making it an open blockchain, and transactions can be made anonymously, bringing privacy and transparency to the network. Being decentralized, Bitcoin can be traded freely between anyone with an internet connection through P2P trading.

Who created Bitcoin?

Bitcoin was created by the individual or collective group known as Satoshi Nakamoto as a response to perceived issues with the traditional banking system. Bitcoin was launched immediately after the global economic crash of 2007 and 2008, and its purpose was revealed to the world through a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System. Ultimately, Bitcoin was designed to help create a fairer, more equitable, and more democratic financial system for all — free from the control of banks and centralized entities.

Over the years, various figures have claimed to be Bitcoin’s creator, and some media titles have incorrectly identified individuals as such. But, to this day, Nakamoto’s true identity has never been revealed.

What is Bitcoin used for?

Bitcoin is considered by many to be a store of value, which is why some refer to the asset as “digital gold”. The currency also provides a decentralized payment system through which other digital assets can be traded and transferred.

Bitcoin is widely traded speculatively, and is growing in adoption as a form of payment for goods and services. What’s more, some companies allow their employees to be paid a portion of their salary in Bitcoin. Many people see Bitcoin as a hedge against inflation, given its historical resilience and alleged outperformance during inflationary periods.

Advancements to blockchain technology have brought about an evolution in what’s possible on the Bitcoin network. The ordinals protocol, for example, now allows users to inscribe data such as videos, images, and text onto individual satoshis — the smallest unit of Bitcoin — on the Bitcoin blockchain. This created a new way of storing and sharing digital assets using blockchain technology. Then, in 2024, Bitcoin Runes arrived. The protocol allows users to create new tokens directly on the Bitcoin network, and potentially provides Bitcoin miners with a new revenue stream.

Bitcoin price and tokenomics

One unique factor of Bitcoin is that the BTC price and value is ultimately determined by the collective opinion and actions of the community that trades it. Where fiat currencies are backed by physical commodities or government guarantees, Bitcoin is simply backed by data and shared beliefs.

Bitcoin’s price and value is also influenced by the demand for the asset relative to its available supply. From the asset’s inception, its supply was limited to 21 million Bitcoin to create scarcity and theoretically increase the asset’s value over time as demand increases. Factors outside of the asset’s controlled supply and scarcity also have an impact on BTC price. One major factor is the sentiment surrounding Bitcoin news and how it influences public opinion to either buy or sell the asset.

The supply of total Bitcoin is managed by a process known as ‘mining’, which is also decentralized and open to anyone with the required connectivity, knowledge, and resources. BTC mining involves using computers to solve complex equations to validate transactions and store them on the blockchain. Bitcoin miners earn BTC as a reward for solving these equations. Not only does this incentive increase the supply of Bitcoin, it also helps to strengthen the network’s security.

What is the Bitcoin halving?

Bitcoin’s code has been deliberately designed to reduce the rewards given to miners through an event known as Bitcoin halving. The amount of Bitcoin awarded to miners for successfully adding blocks to the blockchain is reduced by half after every 210,000 blocks, or approximately every four years. To date, the Bitcoin network has witnessed a halving event in November 2012, July 2016, May 2020, and April 2024.

The Bitcoin halving progressively reduces the rate at which new BTC enters circulation until the total fixed supply of 21 million Bitcoin is mined. Bitcoin mining will end when the token reaches its maximum circulating supply around the year 2140. Since the latest halving event in 2024, the Bitcoin mining reward has been cut from 6.25 BTC to 3.125 BTC. The next Bitcoin halving is expected to take place at some point during 2028, although the exact date is difficult to estimate. Following the next halving event, the Bitcoin mining block reward will be reduced to 1.5625 BTC.

Historically, the BTC price has rallied following halving events, although the gains made have diminished with each successive halving. The Bitcoin price jumped by over 12,400% following the first halving event in 2012, 5,200% after the 2016 halving, and 1,200% following the 2020 halving.

Bitcoin mining and its environmental impact

‘Bitcoin mining’ refers to the process through which new Bitcoin are created and Bitcoin transactions are verified before being added to the blockchain. During the mining process, miners compete to solve difficult cryptographic problems. The first miner to solve the problem is rewarded with newly created Bitcoins — what’s known as the block reward.

Bitcoin mining has come under scrutiny for its environmental impact because the process is highly energy intensive. Research have shown that, in 2023, the electricity used to support Bitcoin mining represented around 0.2% to 0.9% of the total global demand for electricity. As a result, Bitcoin mining consumes a similar amount of electricity as some countries. And, as the difficulty of solving cryptographic problems during the mining process increases, so does the energy demanded. The environmental impact of Bitcoin mining is understandably a challenge for the crypto space. Today, organizations such as the Crypto Climate Accord (CCA) and Bitcoin Mining Council (BMC) are working to address the sustainability challenges facing crypto and provide transparency to mining operations.

Towards more sustainable Bitcoin mining methods, the activity has been adopted as a method of monetizing energy sources that would otherwise go to waste, providing a valuable source of income in developing nations in particular. In both Nigeria and Costa Rica for example, hydroelectric power is being repurposed to support crypto mining operations, generating income not only through mined BTC but also the hosting of mining infrastructure. Meanwhile, some Bitcoin mining operations have invested their BTC earnings into renewable energy sources to help offset the environmental impact of mining.

How to trade Bitcoin

There are many ways to acquire and trade Bitcoin, and one of the most common is through an exchange. Although Bitcoin was built on the idea of decentralization, what’s known as a centralized exchange provides access to the currency. On a centralized exchange, you can purchase Bitcoin using traditional currencies such as USD and EUR, or using other cryptocurrencies including USDC or ETH. Alongside providing an avenue to purchase Bitcoin, centralized exchanges also match buyers to sellers so you can trade Bitcoin with ease.

Decentralized exchanges are an alternative to centralized services. On a decentralized exchange, buyers and sellers interact directly without the involvement of an intermediary to trade cryptocurrencies. This is known as P2P. Although decentralized exchanges may be hosted by a centralized entity, it has no influence over the transactions between users, and only provides the platform for exchanges to take place. As a result, you’ll need a Bitcoin wallet to safely store your BTC.

Alongside the trading of Bitcoin for other digital assets, it’s possible to obtain Bitcoin through mining and even by using Bitcoin ATMs. Like a conventional ATM but one that’s connected to the blockchain, Bitcoin ATMs allow you to effortlessly exchange BTC for cash or cash for BTC.

How can I keep my Bitcoin safe?

If you buy or trade Bitcoin through a centralized exchange, your chosen platform will hold your tokens on your behalf. However, it’s recommended that you use a self-custody Bitcoin wallet to manage your BTC yourself. With a secure and trusted Bitcoin wallet, you won’t need to rely on a third-party to keep your Bitcoin safe. You’ll keep full control of your private keys, while you also avoid the need to share personal details with a third-party, preserving your privacy. Whether you choose a hardware or a software wallet when selecting a Bitcoin wallet, it’s essential to understand how the tool works and how to manage your private keys, so you avoid errors that could compromise the security of your assets.

Latest Bitcoin news

2024 has been a noteworthy year for Bitcoin. One major development for the currency came with the approval of a Spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC), which was announced on January 10, 2024. Eleven proposals from issuers including Grayscale, Blackrock, ARK, and VanEck were approved, marking a major shift towards the mainstream adoption of Bitcoin. This was followed by the approval of six further Spot Bitcoin ETFs in Hong Kong on April 30, 2024 as the funds reached retail traders in Asia for the first time.

Around three months after the approval of the Spot Bitcoin ETF in the U.S., the virtual currency experienced its fourth Bitcoin halving since launch, which happened on April 19, 2024. The Bitcoin halving cut the reward granted to miners on the Bitcoin network from 6.25 BTC to 3.125 BTC. There’s much speculation around the impact the latest Bitcoin halving event will have on the asset’s value, and it’s still too early to assess how the 2024 halving will impact the Bitcoin price long-term.

Events such as the Spot Bitcoin ETF approval, the 2024 halving event, and bullish sentiment for the crypto market broadly helped Bitcoin to reach a new all-time high price of $73,787 on March 13, 2024. However, BTC prices pulled back as far as $56,825.40 on April 30, 2024, before reaching above $60,000 and entering a period of sideways movement.