Senate Clears 60-Vote Hurdle to Begin Debate on GENIUS Stablecoin Bill
Senate Clears 60-Vote Hurdle to Begin Debate on GENIUS Stablecoin Bill
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Bitcoin trading in six-figure territory shows BTC is ready to carry goldâs âbatonâ â Fidelity exec
Key takeaways:Bitcoinâs Sharpe ratio converges with goldâs, indicating similar risk-adjusted returns, supporting its store-of-value role.Gold outperformed Bitcoin in Q1 2025 with a 30.33% price gain versus Bitcoinâs 3.84%, driven by economic uncertainty.Bitcoin ETF inflows are recovering, and analysts predict BTC could reach $110,000â$444,000 in 2025.Bitcoinâs (BTC) price is holding above $100,000, leading Fidelity Director of Global Macro, Jurrien Timmer to say the crypto asset could reclaim its position as a leading store-of-value contender. Timmerâs recent analysis highlights a convergence in the Sharpe ratios of Bitcoin and gold, suggesting that the two assets are increasingly comparable in risk-adjusted returns. The Sharpe ratio measures the rate of return an investment provides for the risk taken, by comparing its performance to a risk-free benchmark relative to its volatility.The chart below, tracking weekly data between 2018 and May 2025, shows Bitcoinâs returns (1x) catching up to goldâs (4x), with gold at $22.48 and Bitcoin at $15.95 in relative performance terms. Gold vs Bitcoin Sharpe ratio. Source: X.comFrom an allocation standpoint, Timmer recommended a 4:1 gold-to-Bitcoin ratio for a store-of-value hedge, highlighting an intriguing observation. Timmer said, âI continue to be fascinated by the fact that the most negatively correlated asset to Bitcoin is gold. For two players on the same store-of-value team, itâs not what I would expect to see. Bitcoinâs risk-reward ratio has continued to impress. There is no other asset quite like it!âWhile Bitcoinâs SoV credential improves above $100,000, Ecoinometrics, a Bitcoin-focused macroeconomic newsletter, pointed out that it was not smooth sailing in Q1 2025. In 2024, Bitcoin spot exchange-traded traded-funds (ETFs) saw a staggering $35 billion net inflows, purchasing 500,000 BTC and driving a 120% return. However, 2025 started on a different note. The first four months saw Bitcoin ETF flows drop to less than a third compared to 2024, while gold ETFs attracted more capital. The newsletter noted that this shift could be attributed to Q1 uncertainty surrounding Federal Reserve policy, trade policy, and the US economy. Ecoinometrics stated,âBetween two hard assets, gold and Bitcoin, itâs easy to see why capital went to the one seen as a haven.â Bitcoin vs gold ETF netflows comparison. Source: X.comGold, with a 30.33% price gain in 2025 compared to Bitcoinâs 3.84%, benefited from its stability during economic unease. Additionally, the analysis added that Bitcoin performed better as a âhigh-beta growth asset,â thriving in rising liquidity and fiat debasement environments. Recent developments signal a shift: US trade policy clarity, a softer Federal Reserve stance, and easing financial conditions have spurred steady inflows into Bitcoin ETFs.Related: Bitcoin bull flag and standard profit taking hint at eventual rally to new BTC price highsBitcoin is on track for new highs in 2025A higher Sharpe ratio is a positive metric for Bitcoin, significantly increasing the probability of reaching new all-time highs above $110,000 in May. According to Bitcoin Suisse, a crypto custody firm, BTCâs high Sharpe ratio has allowed the asset to thrive in risk-on and risk-off environments since the US presidential election. Bitcoin price performance in risk-on, risk-off. Source: Bitcoin SuisseWith more than 88% of its supply in profit, BTC currently behaves as a high-conviction bet, where the likelihood of an âacceleration phaseâ moving forward. Bitcoin Suisse head of research Dominic Weibei said, âIn this environment, Bitcoin has emerged as the Swiss army knife asset. Whether equities rally or bonds crumble, BTC trades on its supply-demand fundamentals, delivering a win-win profile that traditional assets simply can't offer.âSimilarly, Cointelegraph reported that Bitcoin has a "decent chance" of reaching $250,000 or more in 2025, driven by its interplay with gold, according to a gold-based forecast. The report uses a scenario-based framework rooted in its gold model to project Bitcoinâs potential revaluation as a non-sovereign hard asset. If Bitcoinâs network value, measured in gold, follows a power curve, and gold maintains its current value, analysts suggest it could hit $444,000 in 2025. However, a more conservative estimate by Bitcoin analyst Apsk32 points to a "reasonable" target of $220,000 for the year. Related: Altcoins are on the verge of âmost powerful rallyâ since 2017 â AnalystThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Coinbase Confirms DOJ Investigation Following Major Security Incident
The US Department of Justice (DOJ) has initiated an investigation into a significant security breach at Coinbase, the largest US-based cryptocurrency exchange. According to sources familiar with the matter cited by Bloomberg, the DOJâs criminal division in Washington is examining the circumstances surrounding the breach, which has raised serious concerns about cybersecurity within the crypto sector. Coinbase Collaborates With DOJ Amid Major Data Breach Coinbase disclosed that the breach involved criminal actors bribing employees and contractors in India to gain access to sensitive client data. Paul Grewal, Chief Legal Officer of Coinbase, stated: We have notified and are working with the DOJ and other US and international law enforcement agencies and welcome law enforcementâs pursuit of criminal charges against these bad actors. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? Importantly, the exchangeâs CLO clarified that while Coinbase itself is not under investigation, the DOJ is focused on the criminals involved in the breach. The incident first came to light when Coinbase received an email from an unidentified threat actor on May 11, claiming to possess information about certain customer accounts alongside internal documents. The company anticipates losses ranging from $180 million to $400 million due to the cyberattack. $20 Million Reward Fund After Rejecting Ransom While the attackers managed to steal some data, including names, addresses, and email addresses, the exchange confirmed that login credentials and passwords were not compromised. In a statement on May 15, Coinbase reassured its users via social media platform X (formerly Twitter) that it would not succumb to the attackersâ demands. The criminals had requested a ransom of $20 million. Related Reading: Pundit Says XRP Price Will Stabilize At $1,000 And Become âVery Expensiveâ Instead of paying the ransom, Coinbase announced the establishment of a $20 million reward fund aimed at encouraging information leading to the arrest and conviction of those responsible for the attack. At the close of trading on Monday, the companyâs stock (COIN) was trading at $263. Featured image from DALL-E, chart from TradingView.com
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Bitcoinâs $10K Rhythm: Steady Climb Signals Strong Push To $115K
Bitcoin is showing signs of calm after a wild ride earlier this year. The top cryptocurrency dropped sharply from a high of $109,000 in January to a low of $74,600 by mid-April. Thatâs more than $34,000 wiped out in just a few months. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You ThinkâAnalyst But things have shifted since then. Bitcoin climbed back, gaining over 30% and recently reaching $105,700. Itâs been trading quietly between $101,000 and $104,000 over the past week. $10,000 Steps Keep Adding Up Some traders are starting to notice a pattern. According to analyst Trader Tardigrade, Bitcoin has been rising in $10,000 chunks, then taking short breaks. He pointed out moves from $75,000 to $85,000, then to $95,000, and again to $105,000. Each jump is followed by seven to 10 days of sideways action. #Bitcoin is climbing steadily, with intervals of around 10k in each consolidation đ„$BTC pic.twitter.com/stEgE5NkQH â Trader Tardigrade (@TATrader_Alan) May 16, 2025 This stair-step pattern isnât just a lucky guess. It gives traders a chance to breathe, take profits, or set new entries. These pauses can also turn into support zonesâlevels where buyers step in again. If the same behavior continues, the next target could be $115,000, which is about an 11% jump from where Bitcoin is now. Price Holding Above $100K Gives Bulls Confidence Trading above $100,000 is no small feat. Holding that level gives Bitcoin some strength and psychological support. The more time it spends above this line, the more likely buyers feel safe to enter. Last weekâs move was modest, only about a 0.50% gain, but that followed a strong 11% surge earlier in May. Some market watchers think this slow and steady growth is a healthy sign. Instead of wild swings, Bitcoin is showing more controlled movement. Itâs building a base, and that can be a setup for something bigger down the road. The Golden Ratio Multiplier was one of the few metrics to be accurate in real time at the April 2021 Bitcoin Cycle Top. Weâve already hit our cycle top level this cycle once, but this was for the cycle mid-top in March 2024, which means weâre bound to do it again. Level 5 is⊠pic.twitter.com/wEHOI6L5Tm â CryptoCon (@CryptoCon_) May 15, 2025 Long-Term Model Points Toward $160K Beyond the short-term moves, a few analysts are looking much higher. CryptoCon, who follows long-term cycle models, shared that Bitcoin may be in the middle of a buildup. He referenced the Golden Ratio Multiplier, a model that uses Fibonacci levels and long-term averages. According to him, a major cycle level was already hit in March 2024, but that wasnât the final top. Related Reading: Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap? His forecast puts the next ceiling near $160,000, a level he calls âLevel 5â in the cycle. That would be a big leap from todayâs priceâover 50% higher. He compared todayâs market to what happened between 2015 and 2017, when a long stretch of slow growth led to a fast rally. Featured image from Unsplash, chart from TradingView
Bybit Becomes First Major Crypto Exchange to Offer USDT Stock Trading on MT5 With CFD Model
Bybit has launched a feature enabling users to trade 78 major global stocks directly with USDT as part of its Gold & FX (MT5) expansion, becoming the first major cryptocurrency exchange to offer such a service
Bitcoin Whipsaws From $107,000 To $103,000: What Went Wrong?
Bitcoin surrendered a weekend burst above $107,000 and was last changing hands near $103,200 in European trade, a $4,000 round-trip that unfolded in less than twelve hours. The leading cryptocurrency printed an intraday high of $107,111 during thin Asian hours before liquidity evaporated and spot markets on Binance and Coinbase slid to $102,000. Bitcoinâs Violent [âŠ]
BitMine Launches Bitcoin Treasury Advisory Practice, Secures $4M Deal with First Client
Bitcoin Magazine BitMine Launches Bitcoin Treasury Advisory Practice, Secures $4M Deal with First Client BitMine launches new Bitcoin Treasury Advisory Practice and secures a $4 million deal with its first client, surpassing its entire 2024 revenue. This post BitMine Launches Bitcoin Treasury Advisory Practice, Secures $4M Deal with First Client first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
Coinshares: 2025 Inflows Hit $7.5 Billion As Digital Assets Record 5th Consecutive Week of Inflows
Digital asset investment products saw $785 million in inflows last week, fully reversing losses from early 2024. Ethereum led the charge with $205 million in fresh capital, buoyed by technical upgrades and leadership momentum. Ethereum Leads $785 Million Inflows As Digital Asset Sentiment Rebounds Crypto investment products recorded $785 million in inflows last week, marking [âŠ]