Tag:

price

Bitcoin SOPR Indicator Sees Steady Decline Even As BTC’s Price Rallies – Here’s What It Means

by admin June 13, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin’s price has displayed remarkable resilience as the largest crypto asset holds strong above the $100,000 milestone despite several pullback attempts. During the robust bullish performance of BTC in the past few weeks, on-chain data shows that the SOPR indicator has been dropping sharply.

Key Bitcoin SOPR Indicator Dips Sharply

As Bitcoin continues to show upside strength, Rafaela Romano, a crypto enthusiast, highlighted that a significant divergence is developing below the surface. In a surprising turn of events, Bitcoin’s Spent Output Profit Ratio (SOPR) Indicator has witnessed a notable decline amidst a stunning rise in BTC’s price.

The crypto enthusiast reported the unusual development in a recent post on the X platform. In the past, the SOPR indicator, a key on-chain metric used to gauge overall market profitability, has aligned strongly with BTC’s performance.

When the price climbs, the Spent Output Profit Ratio rises as well, hitting new highs at every new price point. Such an alignment between price movements and the indicator’s upside move is reflected by huge profit-taking from investors and traders during price spikes.

SOPR on a downward trend | Source: Rafaela Romano on X

However, while Bitcoin’s price has risen strongly and is holding beyond the $100,000 mark, this metric has been falling at a rapid pace. “Interestingly, the price of Bitcoin has been rising, but profit-taking is not keeping up,” the crypto enthusiast stated.

This current divergence suggests that many investors are confident about the flagship asset’s prospects in the short term as they continue to accumulate and hold their coins. According to the enthusiast, the trend is a sign that BTC holders, especially seasoned investors or long-term holders, still consider the $100,000 level a cheap value.

A bullish sentiment of this magnitude among seasoned investors could pave the way for BTC’s next major rally in the short term as long as these key players continue to purchase the asset.

A Weakened BTC Net Realized Profits

Investors’ conviction in Bitcoin is undoubtedly growing strong in the current market environment. Another crucial indication of waning profit-taking by investors is a continued decrease in the BTC Net Realized Profit.

Related Reading: Bitcoin Long-Term Holders Strengthen Their Grip As Realized Cap Climbs To Uncharted Territory

As reported by Darkfost, a verified author and on-chain expert, this metric has decreased even as BTC maintains its upside trajectory compared to past scenarios. In early 2024, when Bitcoin reached a top, the net realized profits rose to $3.5 billion. Also, when the asset climbed to its previous top in January this year, profit-taking grew to $4.5 billion.

Meanwhile, data shows that profit-taking declined sharply to $1.8 billion following BTC’s surge to its current top in May. Currently, realized profits have decreased further, dropping to barely $700 million in the last seven days after reaching $110,000 on Thursday.

Darkfost noted that the trend suggests most BTC holders remain patient on the sidelines, opting to hold instead of taking profits. However, the expert has underscored the importance of caution as a shift in sentiment is probable if BTC loses its uptrend and enters a correction phase.

BTC trading at $104,889 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

June 13, 2025 0 comments

Game Reviews

Sony will “continue to add more value to PS Plus”, says company president, but it may come with price changes too

by admin June 13, 2025

Sony president Hideaki Nishino has stated the company is open to adjusting the price of PlayStation Plus in the future, as the company aims to “maximise profitability”.

The comments come as part of a discussion between Sony CEO Hermen Hulst and president Hideaki Nishino on PS Plus and the company’s future. Discussing Sony’s subscription service, Nishino stated: “We will continue to add more value and adjust our pricing strategy in a dynamic way to maximise profitability.”

Why not check out our video preview of Resident Evil 9?Watch on YouTube

This statement, while not an indication that a price increase is necessarily on the cards, is essentially stating Sony will ensure the service will prioritise profitability going forward. Indeed it’s a statement Sony has been aligned with for some time, given the spread of price increases PS Plus has received over the years.

There was a European price hike back in 2017, and as recently as 2023 PS Plus saw a global price increase, which Sony justified by stating it could “continue bringing high-quality games and value-added benefits to your PS Plus subscription service” as a result.

In the accompanying presentation, Hideaki noted some key shifts in PS Plus profitability over recent years. In 2024, 22 percent of PS Plus subscribers were paying for the most expensive PS Plus Premium, compared to 17 percent back in 2022.

PS Plus Extra, the next in terms of price-per-month, also saw an increase in subscribers, rising to 16 percent of subscribers compared with 13 percent back in 2022. In addition, in 2024 PS Plus made up 14 percent of total PlayStation revenue, an increase of only one percent from 2022.

What we can glean from these statistics is that while overall growth for PS Plus as a service remains slow, those who are subscribed are gradually forking out the cash for the pricier tiers.

Whether this is due to these subscribers increasingly believing the increased price point is worth it for the selection of games provided, a shift in attitude in favour of subscription services like PS Plus and Xbox Game Pass, or some alternative cause remains an interesting point of discussion.

A few years ago, former head of PlayStation Shuhei Yoshida stated that services like PS Plus should be used to extend the life cycle of games, and that the company still believed in premium games getting a standard release at launch. Maybe this approach has resulted in growth for PS Plus over the years?

Source link

June 13, 2025 0 comments

NFT Gaming

When Will The Dogecoin Price Hit $1 In 2025? Machine Learning Algorithm Answers

by admin June 13, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Despite a rollercoaster few years that have seen the Bitcoin price hit multiple new all-time highs, other high-cap cryptocurrencies like Dogecoin have failed to do the same. In fact, the highest the Dogecoin price has gotten in the last three years is $0.5, which is still a ways away from the $0.74 figure that was hit back in 2021. Calls for $1 for the meme coin have also died down as it continues to decline and struggle along with the rest of the altcoin market.

Can Dogecoin Price Reach $1?

When it comes to the Dogecoin price, expectations continue to falter, especially as the price remains low with resistance mounting at $0.2. To reach the $1 mark, the price would have to rally by 500% from its current level, and with trading volumes and interest so low, the possibility of this happening grows dimmer by the day.

In the same vein, the algorithm at CoinCodex has also followed the bearish school of thought, with a drawn-out timeframe for when it expects the Dogecoin price to hit $1. According to the algorithm, the Dogecoin price will not be hitting the $1 level in the year 2025, or anytime soon after that.

The predictions show that the highest level the Dogecoin price could reach this year is $0.289. As the year moves forward, it expects the price to trend lower, not seeing more than a 54% price increase after the month of September.

Nevertheless, it does expect the price to be higher than where it is now, with an average 25% increase from the current level. It also signals the current level as a buy point with the possibility of making around a 35% increase in the month of June.

Source: CoinCodex

DOGE Won’t Hit $1 Until After 2030

The longer-term predictions for the Dogecoin price show more recovery for the price. But reaching the $1 level is not something that the algorithm believes will happen in the next half a decade. In fact, from 2025 through to 2030, it predicts that the Dogecoin price will not rise to its current all-time high of $0.74.

For those waiting for the Dogecoin price to hit $1, it shows that the price will hit this level sometime after 2030, putting it above $1 in 2040. This could mean that the meme coin would take almost a decade to reach the coveted $1 target.

However, in the short term, the algorithm does see some positive prospects for the Dogecoin price. It predicts that DOGE will rise to $0.236 in the next month, which would be a 17.67% increase from the current level.

DOGE bears push below $0.18 support | Source: DOGEUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Source link

June 13, 2025 0 comments

Gaming Gear

HP G5 11-in-1 Dock Just Hit Almost 55% Off, Listed as an Amazon Best Seller at Its Lowest Price Ever

by admin June 13, 2025

There are lots of things that we’d like to improve about our laptops and computers. Memory is a big one for a lot of us, and so is general performance. However, one that’s a little easier to overlook and forget about is the number of USB ports you’ve got. You don’t have to suffer through that though, you can just buy more if you know how.

See at Amazon

There are a few devices that’ll do that for you, but a really good one is this HP USB-C Dock, which can turn one USB-C port into 11 different ports, making it really easy to use more accessories. This means you can do more creative tasks, add more webcams, or just fill them with play-dough if you want to. Don’t do that though. Anyway, this awesome device is currently 54% off, which means it’s down to just $105 at the moment.

More USB Slots With Ease

This device is incredibly easy to use, and it’s highly compatible. In essence, as long as you’ve got a Thunderbolt-enabled device, you can plug it into a USB port and you’ll immediately add a huge number of extra slots to whatever you’re using it with. You get not only extra USB ports, but also two DisplayPorts, one HDMI port, and one gigabit Ethernet port as well. You get all of that from a device that’s just 5 inches by 5 inches too, which means it’ll work whether you’ve got limited desk space, or you’re using it on the go while you commute.

This is pretty much the perfect device for anyone who commutes but needs more ports, or those who want more things attached to their PC but can’t afford a proper upgrade for whatever reason. It’s just really convenient, and it also makes these ports a lot easier to get to than they are normally. After all, we’ve all suffered at the hands of the USB ports on the back of our PC at some point, right? Well, with this thing plugged in, you don’t have to deal with that, you can access a bunch of essential ports on your desk without having to get a load of dust and all the random things your cats drag around on you.

We’d recommend acting quickly if you’re hoping to get your hands on this though, as we’re not expecting the 54% discount to last very long. That means the price will go up from the $105 sale price back to the normal $230 price if you wait too long.

See at Amazon

Source link

June 13, 2025 0 comments

GameFi Guides

XRP Whale Dumps $60M to Coinbase, Price to Drop Further?

by admin June 13, 2025

A crypto whale just set off alarm bells for every one with sudden transfer of over 26 million XRP tokens worth nearly $60 million to leading U.S. based crypto exchange Coinbase. Such large transactions are often interpreted as bearish signals, as traders typically move their assets to platforms when they are planning to dump them.

On June 12, blockchain monitoring firm Whale Alert identified this massive transfer at 18:10:01 UTC, and highlighted it on social media with an automated alert. This whale alert has raised eyebrows as it coincides with the ongoing bull market run, prompting investors to closely monitor on-chain activities.

As per the data received from blockchain scanning tools, the massive transfer was executed by an unknown wallet address in a single transaction, suggesting a possible sell-off attempt.

Although the exact motive behind the transaction remains unclear, it has sparked concern within the XRP community as it aligns with a period of bearish momentum. Adding to the anxiety, over $9.51 million in long positions were liquidated in the derivatives market, further indicating a downward shift in trader sentiment as price declined.

A similar incident took place on May 9, where 230,770,000 XRP was transferred between two unknown blockchain wallets that caught the attention of the entire crypto community. At press time, XRP price dropped over 2% and the latest selloffs have sparked fears of a downturn.

Also read : US Declares Ripple’s XRP will Replace the Dollar: Fact Check

Source link

June 13, 2025 0 comments

NFT Gaming

Liquidity Levels Show XRP Price Is Headed Up, But Must Cross $2.40 First

by admin June 12, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The XRP price appears to be approaching higher valuations as liquidity levels point to increasing buying pressure. According to a crypto market expert, this trend could set the stage for a potentially powerful rally. However, the altcoin must first break through the key resistance level at $2.40 to confirm a sustained move upwards.

XRP Price Faces $2.4 Barrier Before Next Leg Up

XRP is currently displaying early signs of strong bullish momentum that could propel it to fresh highs. However, a crypto analyst on X (formerly Twitter), known as ‘CryptoInsightsuk,’ warns that a confirmed breakout in the XRP price will require a decisive move above the critical $2.4 resistance.

One of the analyst’s price charts highlights that XRP is now testing a long-term descending trendline, which has consistently rejected previous upward attempts. CryptoInsightsuk notes that the token, which was trading around $2.28 at the time of the analysis, is struggling to hold above the $2.4 resistance level. The goal is to flip this crucial price point into support, as failure to do so could stall bullish momentum.

Moving forward, XRP’s Relative Strength Index (RSI), located in the first price chart, is positioned near the neutral 51 mark, indicating a balanced momentum with possible room for further upside. While normal RSI remains evenhanded, its Stochastic RSI, situated at the bottom of the chart, has entered overbought territory.

Source: CryptoInsightuk on X

The Stochastic RSI is currently above 80, which often signals a short-term cooldown or consolidation before another leg up. Despite the recent bounce, where XRP jumped from around $2.05 in January to approximately $2.8, the altcoin’s volume has remained relatively modest.

Notably, CryptoInsightsuk identifies $2.4 as the first real hurdle. A daily close above this threshold would signal the early stages of a potential trend reversal. However, the more substantial resistance remains at $2.6. Only a break above this level would fully confirm the bullish trend and potentially open the door to more aggressive upside targets. Until then, the pressure remains on bulls to sustain the altcoin’s momentum at this pivotal stage and push its price toward new breakout levels.

Liquidity Levels Signal Caution As Price Tests Resistance

CryptoInsightsuk’s second XRP price chart reinforces his bullish outlook, offering a detailed look at the cryptocurrency’s liquidity levels and volume concentration. The analyst emphasized the importance of liquidity levels currently forming around the altcoin. These levels represent areas of strong market interest and typically serve as both resistance and potential magnets for price action.

Notably, CryptoInsightsuk points out that liquidity can sometimes be left behind as price moves. Still, when it’s as dense and pronounced as it is now, it becomes a key factor in market behavior and future price movements. Despite XRP’s bullish structure, the analyst remains cautious, as strong liquidity nearby suggests that the area could become a trap if the price fails to break above it.

XRP trading at $2.24 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Source link

June 12, 2025 0 comments

Crypto Trends

XRP Price to $15 as Ripple vs. SEC Case Nears June 16 Conclusion

by admin June 12, 2025

Ripple’s XRP price is back under the radar of the crypto community despite its consolidated price action. This comes after the recent developments of XRP tokens in various aspects.

Notably, the Ripple vs. SEC lawsuit is expected to conclude on June 16 as the parties are now gearing up to file a new motion for injunctive ruling under Rule 60, lawyers say. It could hype up the XRP price toward a new high during the upcoming time.

Let us now understand how this could impact the XRP price in a positive way in the longer time frames.

Historically, XRP price had displayed over 860% rally during the bull run of 2021. However, the altcoin recorded a major pullback, resulting in it losing most of its value. After recording a stable action for a period of approximately 1337 days. As the market witnessed a major reversal, it displayed another rally of over 575%.

This raises a speculation about a similar price action for the XRP price in the upcoming time. Further, this has led in the investors and whales realistically considering the price target of $15.

The Simple Moving Average (SMA) acts as a major support to the XRP price chart in the daily time frame. This type of trend highlights a strong bullish sentiment in the market, suggesting a sustained positive action in the upcoming months.

The Relative Strength Index (RSI) displays a strong support around the neutral point and is currently valued at 52.53. A successful retest could result in it rising toward its oversold range. This hints at an increasing positive influence in the longer time frame.

How High Can XRP Realistically Go?

While the immediate retest zone still stays strong around the $3 mark, the upper price target for this altcoin is $3.50. However, considering the historic market sentiments, the value could potentially record a 500% rally as it has recorded such giant rallies twice since its inception. This could lead the value of XRP price toward the $15 mark over a course of 4 to 7 years.

On the contrary, this altcoin displays a strong support around the $2 mark, making it the extreme low level for future price action.

Also Read: US Declares Ripple’s XRP will Replace the Dollar: Fact Check

Source link

June 12, 2025 0 comments

Gaming Gear

Windows 11 Pro for 95% Off Brings the Price Down to Almost $0, This Limited Deal Expires Soon

by admin June 12, 2025

If you’re looking to upgrade your PC’s operating system, we have great news for you. You can enjoy a new UI designed for multitasking with a whole slew of new security features with Windows 11 Pro. StackSocial has Windows 11 Pro down to a measly $10 (use code ‘MSO5’) for a limited time. Typically a new Windows license will run you about $200, but it’s a solid 95% off at the moment. That’s right, StackSocial’s discounts go hard. So if you’ve been considering upgrading, there’s no better time this moment.

See at StackSocial

Maximize Your Productivity With These New Features

Universal Search is a new tool now on the the taskbar that lets you literally search for anything. Whether you’re looking for specific files or apps on your computer or need recipes or maps on the web, it will look through all systems to find exactly what you need. Contacts, notes from class—you name it. All with one search bar.

We all know what OneDrive is at this point, don’t we? Sync your files and preferences across all your devices. Need to respond to an urgent email with an attachment? Maybe you forgot to submit a paper. Deadline is within the hour and you’re nowhere near home nor your laptop? Just pull it up on OneDrive from your phone and submit. Boom. I personally love having it so when I travel, I can just take my Surface and not have to worry about not being able to access all my stuff from my main PC at my desk at home.

Desktop is a complete game changer, albeit a poorly named feature. As a freelance worker, I use the same PC for work, leisure—pretty much everything. It can be cumbersome having all of that on one desktop. Luckily, Windows 11 Pro lets you have multiple. You can organize custom desktops with different shortcuts, widgets, and even wallpaper. Set yourself up with a desktop for school, one for personal use, for gaming, a side hustle perhaps? Then easily swap between them all right on the taskbar.

And there are so many Windows shortcuts you may not even know about. You ever use Win + V? It’s like Ctrl + V on steroids. This will pull up your whole clipboard and history of what you copied. Makes its tremendously easy to move multiple bits of info into a form or spreadsheet. No more flipping between tabs — just copy everything you need, then use Win – V to access all of them and select the right ones for the right fields.

The latest operating system from Microsoft—Windows 11 Pro—has been cut down in price by a crazy 95% (use code ‘MSO5’. Upgrade your system’s OS to Windows 11 Pro for just $10.

See at StackSocial

Source link

June 12, 2025 0 comments

GameFi Guides

RESOLV price crashes after initial rally: what’s going on?

by admin June 12, 2025

After posting double-digit gains fueled by a Binance listing, massive airdrop, and multi-exchange debut, RESOLV,the governance and rewards token of the Resolv stablecoin protocol, has plunged over 20% today.

RESOLV (RESOLV) dropped sharply on Thursday, falling from a daily high of $0.4108 to $0.29 at the time of writing. The steep correction has caught the attention of traders and analysts, sparking renewed scrutiny of the token’s launch dynamics.

The decline comes just two days after RESOLV’s listing on Binance, KuCoin, and Bitget on June 10, positioning the token as a high-profile test case for how aggressive incentive models and multi-platform debuts perform under real market pressure.

The pullback raises broader concerns around user retention post-airdrop, sustainable tokenomics, and the limits of early exchange exposure.

Why RESOLVE price is down

One clear driver of RESOLV’s drop is profit-taking following its launch rally. After surging from $0.091 to $0.41 during a hype-fueled breakout, early buyers, especially airdrop recipients, have started cashing out, creating heavy sell pressure.

This pattern mirrors previous airdrop-driven market action. Tokens like Arbitrum (ARB) and Starknet (STRK) experienced similar volatility, with ARB falling nearly 90% from its IOU highs as smart money wallets dumped large amounts shortly after launch. STRK followed suit, plunging over 50% within its first 24 hours as whales and airdrop farmers rushed to exit.

In addition to the profit-taking, the RESOLV team is facing allegations of unfair airdrop allocation. On January 12, a critic on X accused the project of distributing 11.7% of RESOLV’s supply—above the promised 10% allocation.

According to the post, 6% of the token’s total supply was distributed to just 230 addresses, including at least one wallet that did not appear in the original airdrop contract. This controversy has likely damaged community trust and may have accelerated panic selling.

Of the 11.7%, 6.4% was directly transferred by the foundation on June 10th rather than being claimed from the airdrop contract.

While the main airdrop contract distributed 5% of the total supply to 23,000 users, the direct transfer distributed 6% of the total supply to only 230… pic.twitter.com/1ndv8ndCF3

— OddEyeResearch (@OddEyeResearch) June 12, 2025

From a technical perspective, RESOLV’s Relative Strength Index is now falling back after reaching near-overbought territory of 65-70, suggesting a loss of bullish momentum. With trading volume also shrinking, short-term traders appear to be exiting their positions, leaving the token vulnerable to a consolidation phase.

If RESOLV holds above $0.35 and the rally resumes, the next upside target is $0.40, then possibly $0.45. Should it break below $0.30, deeper correction toward $0.25 or even retests of $0.19 may follow.

Source link

June 12, 2025 0 comments

NFT Gaming

Will Hamster Kombat price recover after falling 90%?

by admin June 12, 2025

Hamster Kombat token crashed to a record low on Thursday, capping the downfall of one of the most prominent players in the tap-to-earn industry.

Hamster Kombat (HMSTR) plunged to $0.0010, down 89% over the past year. The token’s market capitalization has collapsed from over $437 million in September to just $67 million today.

HMSTR’s crash came as many holders capitulated and sold their tokens. Nansen data shows exchange balances have increased by 13% over the past 30 days, rising to over 17.86 billion HMSTR. A rise in exchange balances typically indicates that investors are moving tokens from self-custody to centralized platforms to sell.

Additional on-chain data shows that the number of HMSTR holders dropped from over 300 million at its peak to just 672,200 today. Most exited as the token collapsed and user activity on its mini app declined sharply following its token generation event.

Demand also fell in the derivatives market. Futures open interest for HMSTR dropped to $30 million on Thursday, down from this month’s high of $60 million.

At the same time, Hamster Kombat’s funding rate sank to a record low of minus 0.06%. A negative funding rate indicates that traders are paying to maintain short positions, signaling expectations of further downside.

HMSTR funding rate | Source: CoinGlass

Hamster Kombat’s crash reflects a broader trend among “to-earn” tokens. Other tap-to-earn tokens, notably Notcoin (NOT), haveplunged after its token-generation event.

HMSTR price technical analysis

HMSTR price chart | Source: crypto.news

The eight-hour chart shows HMSTR peaked at $0.0029 in April and formed a double-top pattern, with a neckline at $0.002438, the swing low from May 6.

The token has since broken below key support at $0.001460, its lowest level in February. Price has also moved below all major moving averages, while both the MACD and the Relative Strength Index have plunged. Additionally, HMSTR has formed an inverse cup-and-handle pattern.

Given these signals, the token will likely continue falling as buying interest remains weak. If the decline accelerates, the next level to watch will be $0.00095.

Source link

June 12, 2025 0 comments