Written by Landon Manning Edited by Mohammad Shahid American Bitcoin, a BTC miner/treasury firm launched by the Trump family, holds a little under $4.5 million in Bitcoin. The firm’s stock price has climbed in recent days. The company hopes to use its mining operations and “Trump Bump” to remain at the cutting edge. Still, it’s hard to make any long-term predictions in today’s uncertain environment. President Trump has been introducing a lot of chaos to crypto markets, but many of his family’s business ventures are far less provocative. The President’s family has been receiving substantial incomes from its industry connections, and Trump venture American Bitcoin is making huge acquisitions: And we are just getting warmed up! Incredibly excited about $ABTC and what we are building. https://t.co/hjv8KCbCNx According to a new press release, American Bitcoin has acquired 1,414 BTC since September, bringing its total holdings to 3,865. At current market rates, this represents a little under $4.5 billion in total, a major stockpile. Eric Trump repeatedly claimed that the firm plans to keep buying Bitcoin. American Bitcoin has only existed for a few months, but the Trump family’s support has already brought the firm a ton of success. The company’s stock value has been climbing since before the purchase announcement, growing roughly 20% in the last five days. Still, this new publicity caused an additional spike today alone: Much of the firm’s BTC stockpile comes from these purchases, but its mining operations have also helped buoy its mNAV. While most digital asset treasury (DAT) firms are struggling under this limitation, mining and the “Trump Bump” could help American Bitcoin remain competitive. Still, the whole DAT sector is facing a ton of challenges, both in terms of finance and possible legal issues. Although the latter concern likely won’t matter for a Trump family venture, American Bitcoin is still in a very chaotic sector. Daily Crypto Insights Insights, news and analysis of the crypto market straight to your inbox Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Sign Up on MEXC Highlights The Pi coin price has surged by over 24% in the past 24 hours. This strong rebound follows weeks of slow, sideways movement that kept many investors cautious. Pi price now appears to be regaining strength as exchange data reveals more than 10 million tokens exited exchanges in October. This drop of nearly 2.4% in exchange supply shows rising accumulation interest among investors. However, Pi must now prove that this breakout can sustain beyond short-term speculation as volatility returns. The Pi coin price has broken decisively above its prolonged descending channel, marking a key shift in market structure after months of bearish control. The breakout was supported by a sharp rebound from the historical demand zone between $0.20 and $0.22, an area that had previously halted multiple sell-offs. This bounce not only confirmed strong buying activity but also reflected renewed confidence among long-term holders anticipating further appreciation. Specifically, the Pi price has reclaimed the $0.2870 resistance level, now acting as a near-term pivot for continued upside. This level carries importance because it previously rejected every attempted recovery since June, and its breach indicates strong follow-through. The DMI indicator reinforces this bullish picture as the +DI line at 37.45 stays well above the -DI line, signaling firm control by buyers. Moreover, the ADX reading of 58.60 emphasizes the intensity behind the current move. The indicator suggests that this rally is not a mere retracement but a well-supported advance. The combination of higher highs and increasing volume confirms that market participants are aggressively accumulating at current levels. If Pi coin price holds above $0.23, the path toward the $0.40 zone becomes technically achievable, aligning with an optimistic long-term Pi price prediction that favors gradual trend expansion. Over 10 million Pi tokens exited exchanges in October, trimming available supply by nearly 2.4%, according to Yahoo Finance. This reduction shows rising investor confidence, with holders preferring long-term storage over active trading. It also reflects steady accumulation, which often fuels extended uptrends in the crypto market. However, 121 million tokens are scheduled to unlock within the next 30 days. That event could briefly increase sell-side pressure if demand weakens. Despite this, exchange reserves remain low, suggesting that buyers still dominate across spot markets. Pi price has benefited from this reduced supply environment, creating more stable support zones. Accumulation behavior remains strong even after the recent price surge. If demand sustains through the token unlock, Pi coin price could stay above $0.25 and test higher resistance around $0.30. The Pi coin price has shown renewed strength after months of slow decline. Exchange outflows confirm investor conviction, while technical readings favor continued upside. The next challenge lies in the upcoming token unlock, which could shift short-term sentiment. If buying pressure remains firm, Pi price could extend its breakout beyond $0.30 and target $0.40 soon. CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Premium Partners Follow CoinGape Monthly Page Views Monthly Active Users Social Media Followers Newsletter Subscribers 5-minute daily crypto updates to your inbox Follow us News Popular Featured About
Key points: Bitcoin’s recovery could face selling at $118,000, but if the bulls overcome the resistance, the rally could retest the all-time high of $126,199. Several major altcoins have bounced off their strong support levels, but the recovery could face significant selling at higher levels. Bitcoin BTCUSD made a solid recovery on Sunday and continued its momentum on Monday, driven by expectations of a potential trade deal between the US and China. Glassnode said in an X post that the negative sentiment and selling pressure seem to have peaked, suggesting a possible trend reversal. A positive sign for the bulls is that BTC has been consolidating in a large range near the all-time high for several weeks, and bears have failed to sustain the break below the range. That suggests the bulls are not hurrying to exit their positions as they anticipate another leg higher.
Although a rally toward the all-time high appears possible, traders need to be cautious, as higher levels are likely to attract sellers. Galaxy Digital head of research Alex Thorn told Cointelegraph that BTC’s bull market remains intact, but a drop below $100,000 could put the “structural bull market in jeopardy.” Could BTC and altcoins build upon the recovery, or will higher levels attract sellers? Let’s analyze the charts of the top 10 cryptocurrencies to find out. S&P 500 Index price prediction The S&P 500 Index (SPX) soared to a new all-time high on Friday and extended the rally on Monday, signaling aggressive buying by the bulls.
Although a new all-time high is generally a positive sign, the negative divergence on the relative strength index (RSI) suggests caution. If the price maintains above the 20-day exponential moving average (6,704), the uptrend could continue, reaching the psychological level of 7,000. On the other hand, a sharp reversal and break below the 50-day simple moving average (6,603) signals the start of a deeper correction. The index may then tumble to 6,350. US Dollar Index price prediction The bulls have maintained the US Dollar Index (DXY) above the 50-day SMA (98.13), indicating strength.
There is minor resistance at 99.56, but that level is likely to be broken. If that happens, the index could surge toward the 100.50 level. The bears will again attempt to stall the up move at 100.50, but if the bulls break through the resistance, the rally could reach the 102 level. This positive view will be invalidated in the near term if the price turns down and breaks below the 50-day SMA. Such a move signals that the bears remain in control. The index may slump to 97.46 and then to 97.19. Bitcoin price prediction BTC rallied above the moving averages on Sunday, signaling that the buyers are back in the driver’s seat.
The 20-day EMA ($112,337) has started to turn up, and the RSI is in the positive territory, indicating a slight edge to the bulls. There is minor resistance at $118,000, but if the level is crossed, the BTCUSDT pair could retest the all-time high at $126,199. Time is running out for the bears. They will have to swiftly yank the Bitcoin price below the 20-day EMA to retain control. The selling pressure is expected to intensify on a close below the $107,000 support. Ether price prediction Ether (ETH) closed above the 20-day EMA ($4,047) on Sunday, signaling that the selling pressure is reducing.
Buyers will attempt to push the Ether price above the 50-day SMA ($4,234) and challenge the resistance line of the descending channel pattern. Sellers are expected to fiercely defend the resistance line, but if the bulls prevail, the ETHUSDT pair could surge to $4,957 and then start the next leg of the uptrend to $5,500. The bears will have to pull the price back below the support line of the channel to regain control. If they do that, the pair may skid to $3,350. BNB price prediction BNB (BNB) rose above the 38.2% Fibonacci retracement level of $1,156 on Monday, but the bulls could not sustain the higher levels, as seen from the long wick on the day’s candlestick.
If the price turns up from the 20-day EMA ($1,123), the bulls will again attempt to resume the up move. If they can pull it off, the BNBUSDT pair could rally to the 50% retracement level of $1,198 and then to the 61.2% retracement level of $1,239. Sellers are expected to defend the $1,239 level, as a break above it opens the doors for a rally to $1,375. The 50-day SMA ($1,067) is the critical support to watch out for on the downside. Sellers will have to sink the BNB price below the 50-day SMA to suggest that the pair has topped out in the near term. XRP price prediction The bulls pushed XRP (XRP) above the 20-day EMA ($2.55) on Saturday, indicating the start of a strong recovery.
The XRP price has reached the breakdown level of $2.69, where the bears are expected to mount a strong defense. If the price turns down from $2.69 but finds support at the 20-day EMA, it suggests a change in sentiment from selling on rallies to buying on dips. The XRPUSDT pair could then climb to the downtrend line. A potential trend change will be signaled if the price closes above the downtrend line. Contrary to this assumption, if the price turns down sharply from the current level and closes below the 20-day EMA, it shows that the bears continue to sell on rallies. The pair may then drop to the $2.32 level. Solana price prediction Solana (SOL) rose above the 20-day EMA ($197) on Sunday, clearing the path for a rally to the resistance line of the descending channel pattern.
Sellers will attempt to halt the recovery at the resistance line, but if the buyers bulldoze their way through, the SOLUSDT pair is likely to pick up momentum. The Solana price could then rally to $238 and eventually to $260. Instead, if the price turns down sharply from the resistance line and breaks below the 20-day EMA, it suggests that the pair could remain inside the channel for a while longer. The bears will have to sink the price below the support line to seize control. Dogecoin price prediction Dogecoin (DOGE) has reached the 20-day EMA ($0.20), which is a near-term resistance to watch out for.
If the Dogecoin price rises above the 20-day EMA, the DOGEUSDT pair could begin its ascent to the 50-day SMA ($0.23) and then to the stiff overhead resistance at $0.29. Sellers are expected to vigorously defend the $0.29 level; however, if bulls overcome this challenge, the pair may start a new uptrend toward $0.35. On the other hand, if the price turns down from the current level or the 50-day SMA, it suggests that the pair could extend its stay inside the $0.14 to $0.29 range for a few more days. Cardano price prediction Failure to maintain Cardano (ADA) below $0.60 attracted buyers, who are attempting to push the price above the 20-day EMA ($0.68).
If they succeed, the ADAUSDT pair could reach the 50-day SMA ($0.78) and thereafter the downtrend line. Sellers will have to fiercely defend the downtrend line because a break above it could accelerate buying. The Cardano price may then ascend to $1.02. The $0.60 level is the vital near-term support to watch out for. A break and close below $0.60 could pull the pair to the solid support at $0.50, where the buyers are expected to step in. Hyperliquid price prediction Hyperliquid (HYPE) broke above the 20-day EMA ($41.60) on Saturday and followed that up with a break above the 50-day SMA ($46.14) on Sunday.
So glad you asked! Fantasy basketball is all about building the best (imaginary) basketball team with real NBA players and competing against the other teams in your league to prove who’s best. Not entirely clear? Let’s compare this to Hollywood then, because we’re suckers for pop culture and why the heck not. We want you to picture your favorite actors. Next, imagine if all of your favorite actors were to suddenly team up and join a movie that YOU have full creative control over. The actors are real, their ability to deliver lines is real, but YOU select who’s on the cast, what parts they play, and how they will be directed. For this exercise, replace Ryan Gosling with LeBron James, replace the movie set with a court, and replace line delivery skills with bball skills in your mind. That is fantasy basketball. You have control of your players and your players have control of the game and their ability to produce results. To play this fun AF game, you first need to join a league. Your office may already have one in the works, so definitely ask around, but you can also join a league for free online! These websites are some of the best, and most popular out there: Once you join a league, a “Draft Day” will be set and scheduled by your league’s commissioner (fancy phrase for league organizer). You should aim to do all of your prep work and research before your scheduled Draft Day, as this will be the day that you actually select your team. It’s a BFD. Before we dive in, you should know that teams are mostly made up of six forwards (SF, PF, F), five guards (PG, SG, G), and two centers (C), for a total roster of 13 players (ten active players + three inactive bench players each day). There are 301 players in the NBA and you only need to pick 13 on Draft Day, so be sure to make your picks count. Fantasy basketball is generally structured in a VERY similar way to fantasy hockey – if you have not yet checked out our Fantasy Hockey Guide, then we strongly recommend you take a quick jump over and read all about the wonderful world of fantasy sports and the small nuances that come with it. Let’s return really quickly to Draft Day, as this day is absolutely critical to your success. There are two types of drafts – the snake draft, by far the most common, and the auction draft. Just like hockey, a snake draft is when each team in the league is assigned a predetermined draft number and selects a player (from the remaining available players) to join their roster on their respective turn. If there are ten teams in your league, then you will draft somewhere between first and tenth, with the tenth drafter also selecting the eleventh pick because the order flips after each round. It will look something like this: The whole point of Draft Day is to build your team using the best players available to you. Whether you pick the known high performers or take a gamble on a potential breakout star (aka sleeper pick), Draft Day is all about what you decide. There’s some strategy to this, y’all! But, don’t fret, your picks are not set in stone; you’ll get the chance to make trades or pick up undrafted players during the season to mix your roster up and chase after a baller you couldn’t/didn’t nab in the draft. As always though, beware the buyer as a big trade could require you to give something big up in return… If you haven’t a clue what to do, most websites offer ADP (Average Draft Position) for each player to help a sister/mister/GISTer out. The ADP is the average spot that the player was taken across all of the drafts run on that website – the higher the ADP, the more in demand that player is, which is a big clue that they might be pretty friggin’ good. As an owner after the draft, you set up your squad every day and select which players get to play Like Mike and hit the bball court and who gets to sit on the bench. Most often, you’ll play against another team in your league each week in a head-to-head format to see who’s team does the best in a variety of categories – points, threes, rebounds, assists, and steals are some of the most common categories, but it can vary depending on what your commissioner has decided. The team who outscores their opponent in each of the league’s categories at the end of every week will earn a point; for example, if Team A had 36 total rebounds for the week and Team B had 32, Team A would earn a point. The team with the most points in their “head-to-head” matchup will earn the dub (win because dub is short form for W) for the week and this will go towards their overall standing in the league. Rinse and repeat this process until playoffs and there you have it, a regular-season of fantasy basketball. À la Elle Woods & her iconic orange Mac laptop in the 2001 classic Legally Blonde, you’re gonna have to sit down, do some homework, and take some notes in order to slay your fantasy league. So hit the Google and check out these resources: Sign up for The GIST and receive the latest sports news straight to your inbox three times a week.
Since launching 12 years ago, Bankless Times has brought unbiased news and leading comparison in the crypto & financial markets. Our articles and guides are based on high quality, fact checked research with our readers best interests at heart, and we seek to apply our vigorous journalistic standards to all of our efforts. BanklessTimes.com is dedicated to helping customers learn more about trading, investing and the future of finance. We accept commission from some of the providers on our site, and this may affect where they are positioned on our lists. This affiliate advertising model allows us to continue providing content to our readers for free. Our reviews are not influenced by this and are impartial. You can find out more about our business model here. Pi Network price has stalled and is missing out on the ongoing crypto market boom, popularly known as Uptober, which continues. The token was trading at $0.26 on Friday, within a range it has maintained over the past few days. It has plunged by over 90% from its all-time high. Pi Coin price has wavered on the same week that Bitcoin jumped close to a record high, and the Crypto Fear and Greed Index moved to the green zone. The market capitalization of all cryptocurrencies jumped to over $4.2 trillion. Importantly, the token remained under pressure on the same week that Chengdiao Fan, its co-founder, talked at the TOKEN2049 event. This was a notable development, as it was her first time delivering a speech or participating in a panel discussion. READ MORE: Crypto Market Rally: Why are Altcoins Going Up Today? Also, Pi Network launched a testnet for decentralized exchanges (DEX) and automated market maker features in its testnet. The new feature will enable developers to build decentralized applications within the DeFi space. There are three main reasons why the Pi Network price wavered despite these developments. First, the coin is still seeing weak demand from investors as evidenced by the daily volume. Its daily volume was just $33 million, a tiny amount for a coin with a market capitalization of over $2 billion. Second, the weak demand has coincided with the ongoing token unlocks. It is unlocking over 125 million coins this month and over 1.2 billion in the next 12 months. More supply and lower demand will always affect an asset’s price. Third, a mysterious whale who has been accumulating the coin has stopped his purchases. The lack of his substantial buying has had an impact on the demand. Technical analysis suggests that the Pi Coin price is poised to fall further, as it has formed a bearish flag pattern on the four-hour chart. This pattern is composed of a vertical line, which occurred on September 22. It also has a parallel channel, which often leads to a bearish breakout. If this pattern persists, the coin will likely drop to an extreme oversold level at $0.2197, approximately 17% below the current level. READ MORE: Bitcoin Price Prediction: Murrey Math Lines Show Next Target We`ve got crypto covered – every trend, every insight, every move that matters. Add us to your feed and stay ahead of the market. Since launching in 2012, Bankless Times is dedicated to bringing you the latest news and informational content within the alternative finance industry. Our news coverage spans the whole crypto-sphere so you’ll always stay up to date — be it on cryptocurrencies, NFTs, ICOs, Fintech, or Blockchain.
