Can Quantum Computing Break Bitcoin? Project Eleven Puts It to the Test

DIA will host an AMA on X on April 23rd at 16:00 UTC. The event will explore Alephium’s efficient approach to Layer 1 scaling, the integration of DIA’s on-chain randomness, and the upcoming Danube network upgrade. The session will feature Maud Bannwart, chief operating officer at Alephium.

Refer to the official tweet by DIA:

DIA Info

DIA (Decentralised Information Asset) is a pioneering open-source oracle platform that facilitates the sourcing, supply, and sharing of trustworthy data amongst market participants. Positioned as an ecosystem for transparent financial data, DIA aims to form a synergistic environment that binds together data analysts, providers, and users. Essentially, DIA acts as a robust and verifiable conduit linking off-chain data derived from disparate sources to on-chain smart contracts. This infrastructure empowers the development of a diverse range of financial decentralized applications (DApps), thereby transforming the landscape of fintech innovation.

The DIA token is utilized for platform governance, including voting on data verification, directing project development, and integrating with other platforms and services. It serves as a means of managing the platform while leveraging crypto terminology and adopting a business-style approach.

Celo will celebrate the fifth anniversary of its mainnet launch with an AMA on on X on April 22nd at 16:30 UTC.

Co-founders Marek Olszewski and Rene Reinsberg, along with ecosystem partners, will deliver remarks during the celebration.

Refer to the official tweet by CELO:

CELO Info

Celo was designed to enable a new universe of financial solutions accessible for mobile users, creating a global financial ecosystem where an end-user can onboard into the Celo ecosystem with just a mobile number.

Celo makes sending payments as easy as sending a text, to anyone with an internet connection, anywhere in the world. Celo maps phone numbers to wallet addresses using a novel decentralized address-based identity layer. Mobile participants can earn rewards for securing and maintaining the system.

CELO is the platform-native asset that supports the growth and development of the Celo blockchain and ecosystem. CELO holders can earn rewards, stake with validators, and vote on proposals that shape the future of Celo.

Gitcoin will host an AMA on X on April 22nd at 17:00 UTC to explain the GG23 Retro Round voting process, including how to vote, key considerations, and how votes shape outcomes.

GTC Info

Gitcoin is a platform designed to connect developers and open source contributors with people and organizations willing to fund their work. The goal of the project is to stimulate the creation and development of open source software.

The platform offers a range of tools, including bounties, virtual hackathons, rewards for contributing to certain projects, and quadratic funding grants.

Quadratic funding grants are a system in which the amount of funds allocated to a grant depends not only on the total amount of donations but also on the number of participants who made those donations. This provides a more democratic and fair way of distributing funds.

GTC is the native token of the Gitcoin platform. GTC token holders can use the tokens to participate in voting on proposals on how to use the platform's facilities, what projects to support, and what changes to make to the platform itself. In addition, GTC is used as a means of rewarding community members who contribute to the Gitcoin ecosystem.

Cryptocurrency exchange Kraken introduced foreign exchange (forex) perpetual futures contracts to its Kraken Pro platform on April 18, giving traders further exposure to global currency markets.

The first two perpetual forex futures available on the platform will be the euro-US dollar (EUR-USD) and the British pound-US dollar (GBP-USD) contracts, according to a company announcement.

Both contracts feature 20x leverage and no expiry date, meaning they do not have to be rolled or settled by a deadline, unlike traditional futures contracts, which have an expiry date.

Kraken’s move is the latest in a series of expansions from the company, as it seeks to blur the line between digital assets and traditional financial products — a trend reflected across the crypto industry.

Kraken sinks its tentacles into TradFi markets

Kraken rolled out spot forex trading to clients worldwide except for the United States in March 2020.

The launch gave crypto traders access to nine major currency pairs on the platform, including the euro, US dollar, Canadian dollar, Japanese yen, pound, and Swiss franc pairs.

The crypto exchange in March signed an agreement to purchase NinjaTrader, a retail futures platform, for $1.5 billion.

The deal is expected to close during the first half of 2025 and will position Kraken to offer crypto futures trading to US residents.

Mastercard and Kraken partnered in April to release a crypto debit card that gives holders the ability to spend cryptocurrencies in standard retail transactions.

On April 14, the exchange introduced stock and ETF trading in select US states, including New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia.

Kraken is also reportedly eyeing a capital raise of up to $1 billion as the company explores going public, according to a Bloomberg report published in March.

If Kraken's IPO plans materialize, the public offering will likely happen in the first quarter of 2026, Bloomberg reported.

Bitcoin has been trading in a tight range for a few days, but a minor positive is that the bulls have kept the price above $83,000. Usually, a low volatility period is followed by a range expansion, but it is difficult to predict the direction of the breakout with certainty.

Cryptocurrency analysts remain bullish on Bitcoin’s prospects because gold’s rally in 2017 and 2020 was followed by a sharp rise in Bitcoin's price. Theya head of growth Joe Consorti said in a post on X that Bitcoin follows gold with a lag of roughly 100 to 150 days.

If Bitcoin moves as per Consorti’s expectations, a new all-time high could be hit between Q3 and Q4 of 2025. On similar lines, trading and analytics account Cryptollica projected a medium-term target of $155,000 for Bitcoin.

Along with Bitcoin, analysts are also bullish on altcoins. Swiss bank Sygnum said in its Q2 2025 investment outlook that improved regulations for crypto use cases have prepared the ground for a strong altcoins rally in the second quarter, as “none of the positive developments have been priced in.”

Could Bitcoin and the altcoins break above their respective overhead resistance levels and start a recovery? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin has been trading between the 20-day exponential moving average ($83,463) and the 200-day simple moving average ($87,857), indicating a tough battle between the bulls and the bears.

If the 20-day EMA cracks, the selling could pick up, and the pair may slide to $78,500 and then to $73,777. Buyers are expected to defend the $73,777 level with all their might because a break below it may signal the start of a downtrend.

On the contrary, a break and close above the 200-day SMA indicates that the corrective phase may be over. The pair could climb to $95,000 and eventually to the psychologically critical level of $100,000.

Ether price analysis

Ether (ETH) has been trading between the $1,368 support and the $1,754 resistance, indicating indecision between the bulls and the bears.

The downsloping moving averages and the RSI in the negative territory suggest a slight edge to the sellers. If the price slips below $1,471, the pair could descend to $1,368. Buyers are expected to vigorously defend the $1,368 support because a break below it may sink the pair to $1,150.

On the upside, the bulls are likely to face stiff resistance in the zone between the 20-day EMA ($1,676) and $1,754. A break and close above the resistance zone could propel the pair to the breakdown level of $2,111.

XRP price analysis

The bears have failed to sink XRP (XRP) below the $2 support, suggesting a lack of selling pressure at lower levels.

The bulls will try to start a recovery, which could reach the 50-day SMA ($2.23). This is an essential short-term level to keep an eye on because a break above it opens the doors for a rally to the resistance line. Buyers will have to push the price above the resistance line to signal a short-term trend change.

Alternatively, a break below the $2 support tilts the advantage in favor of the bears. The pair could then plunge to the $1.72 to $1.61 support zone.

BNB price analysis

BNB (BNB) has been trading just below the downtrend line, indicating that the bulls have held on to their positions as they anticipate a breakout.

If buyers propel the price above the downtrend line, the pair could pick up momentum and rally to $644. Sellers will try to defend the $644 resistance, but the bulls are expected to buy the dips to the 20-day EMA ($588). If that happens, the likelihood of a rally to $680 increases.

This optimistic view will be invalidated in the near term if the price turns down from the downtrend line and breaks below $566. That could keep the pair stuck inside the triangle for some more time.

Solana price analysis

Solana (SOL) rebounded off the 20-day EMA ($126) on April 16 and rose above the 50-day SMA ($130), indicating buying on dips.

The pair could rise to the overhead resistance at $153, where the bears are expected to mount a stiff resistance. If buyers pierce the $153 level, the pair could surge toward $180.

Buyers are expected to guard the zone between the 20-day EMA and $120. If the zone gives way, it suggests that the bears are active at higher levels. The pair could then descend to the $110 support.

Dogecoin price analysis

Dogecoin (DOGE) has been trading between the 20-day EMA ($0.16) and the crucial support at $0.14 for the past few days.

The flattening 20-day EMA and the positive divergence on the RSI suggest reduced selling pressure. Buyers will have to drive the price above the 50-day SMA ($0.17) to gain the upper hand. The pair could climb to $0.20, an essential level to watch out for as a break above it completes a double bottom pattern.

Contrarily, a break and close below the $0.14 support signals the start of the next leg of the downtrend. The pair could then plummet to $0.10.

Cardano price analysis

Buyers have kept Cardano (ADA) above the $0.59 support but are struggling to push the price above the 20-day EMA ($0.63).

If the price turns down and breaks below $0.59, the pair could slide toward the solid support at $0.50. This is an important level for the bulls to defend because a break below it signals the resumption of the downtrend. The next support on the downside is at $0.40.

Buyers will be back in the driver’s seat on a break and close above the 50-day SMA ($0.70). The pair could then rally to $0.83.

UNUS SED LEO price analysis

UNUS SED LEO’s (LEO) failure to rise above the uptrend line may have tempted short-term buyers to book profits.

The 20-day EMA ($9.34) has started to turn down gradually, and the RSI is in the negative zone, signaling a slight edge to the bears. If the price tumbles below the immediate support at $8.95, the LEO/USD pair could retest the vital level at $8.79. A break below $8.79 could sink the pair to $8.30.

This negative view will be invalidated in the near term if the price rises above the 50-day SMA ($9.56). The pair could then retest the stiff overhead resistance at $9.90.

Chainlink price analysis

Chainlink (LINK) has been trading below the 20-day EMA ($12.77), but the bears have failed to pull the price below $11.68, signaling a lack of sellers at lower levels.

The bulls will try to push the price above the moving averages. If they manage to do that, the pair could rally to $16. Sellers will try to halt the rally at $16, but the pair could reach the resistance line if the bulls prevail.

If sellers want to retain the advantage, they will have to sink the price below the $11.68 support. The pair could then decline to the support line of the descending channel, which is likely to attract buyers.

Avalanche price analysis

Avalanche (AVAX) has been trading near the moving averages, indicating a balance between supply and demand.

The flattish 20-day EMA ($18.97) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. A break above the downtrend line could open the doors for a rally to the overhead resistance at $23.50. Buyers will have to overcome this barrier to start a new up move.

On the downside, a break and close below $17.50 may sink the pair to $15.27. This is an essential level for the bulls to defend, as a break below $15.27 may signal the resumption of the downtrend.

This 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.