Solana rallies 20% against Ethereum, but is $300 SOL price within reach?

The market cap of Circle’s Euro Coin (EURC), a euro-pegged stablecoin, is growing quickly as the ongoing trade war pushes the US dollar price lower.

“In recent weeks, interest in the euro has grown tremendously” and “this interest has not escaped the Circle EURC stablecoin,” Obchakevich Research founder Alex Obchakevich wrote in a recent X post.

The euro has risen by 2.2%, reaching its highest price since February 2022 at its current price of $1.13.

Obchakevich said that amid this happening, decentralized finance (DeFi) protocol Aave saw €2.3 million of Euro Coin inflows in April alone. He further highlighted that EURC’s capitalization is growing at a rapid pace.

TL;DR

Is It Finally Showtime?

Ethereum (ETH) experienced a devastating first quarter of 2025, with its pricecrashingby almost 50%. While some assumed that the worst was over, the beginning of April brought even more pain.

The global trade war, which escalated this month, took its toll on ETH. The asset brieflydippedto $1,400, the lowest point seen in more than two years.

Over the last week, though, the second-largest cryptocurrency witnessed some solid resurgence, rising by 13%. Currently, it trades at around $1,670, a 4.5% increase on a daily scale.

According to some well-known analysts and market observers, the asset has yet to chart substantial gains. The X user Carl Moon told his almost 1.5 million followers that ETH is trying to break out from a descending channel. He thinks the valuation could skyrocket by a whopping 80% to $3,000 “in the coming days,” assuming “there’s enough volume.”

Sheldon Тhe Sniper, another prominent analyst, also spotted that ETH attempts to move above the upper boundary of a falling wedge pattern, assuming this could be a precursor to a rally.

For their part, X user Crypto King argued that the asset is currently in a “great accumulation zone.” They reminded that whales have been on a buying spree lately, acquiring millions of dollars worth of ETH.

“Longer run, ETH at 4500$ should justify,” the analyst concluded.

Earlier today (April 14), CryptoGoos revealed that a mysterious whale spent almost $7 million to purchase 4,208 ETH. Furthermore, Lookonchain disclosed that another large investor accumulated 15,953 ETH for over $26 million.

Moves like this are typically seen as bullish, as they reflect strong confidence in the asset from big players. This could encourage other investors to follow suit and inject fresh capital into the ecosystem.Still Not Out of The Woods

Contrary to the optimism from the aforementioned analysts, some technical indicators suggest that another correction could be on the way.

ETH’s exchange netflow, for instance, has been positive in the past week, signaling a shift from self-custody toward centralized platforms. This could be interpreted as a bearish factor since it increases the immediate selling pressure.

ETH’s Relative Strength Index (RSI) is also worth observing. The metric varies from 0 to 100 and helps traders spot potential trend reversals. Readings above 70 suggest the asset has entered overbought territory and could be headed for a pullback. Currently, the RSI stands just south of the bearish zone.

Crypto analyst Titan of Crypto has raised the possibility of the Bitcoin price rallying to as high as $137,000. The analyst highlighted a bullish pattern that shows the flagship crypto can reach this ambitious price target. 

Bitcoin Price Could Rally To $137,000 As Bullish Pennant Forms

In an X post, Titan of Crypto suggested that the Bitcoin price could reach $137,000 at some point. This came as he revealed that BTC has formed a bullish pennant on the daily chart. The analyst remarked that if this plays out, a new all-time high (ATH) could be reached, regardless of the current market sentiment. 

His accompanying chart showed that $137,129 was the target for the Bitcoin price as it eyes a rally to new highs. The analyst indicated the key was to see if the flagship crypto could break to the upside in the coming weeks. In the meantime, BTC looks to be facing a lot of resistance and bearish pressure.

In his Ichimoku cloud analysis of the Bitcoin price action, the analyst stated that BTC is now facing resistance with a fair gap value and entry into the Kumo cloud. He outlined two scenarios that could play out for the flagship crypto. The first is a continuation through the cloud, while the second is a retest of the Kijun and the trendline before continuation. 

His accompanying chart indicated that the key was to break above the range of around $84,000. A successful breakout from this range could lead to a rally to as high as $92,000. This could eventually pave the way for the Bitcoin price to rally to new highs, especially with the psychological $100,000 level in sight once BTC reclaims $92,000. 

Key Resistance At $86,000

In an X post, crypto analyst Ali Martinez revealed that $86,000 is a key resistance zone for the Bitcoin price. He stated that a rejection from this zone could send BTC back to $79,000. However, a breakout might open the path for the flagship crypto to rally to as high as $97,000. 

Crypto whales are still actively accumulating BTC, which is positive for the Bitcoin price. Martinez revealed that 37,000 BTC have been withdrawn from exchanges in the past 24 hours, which the analyst noted is a strong signal of accumulation.

Crypto analyst Kevin Capital believes that the Bitcoin price structure is still bearish for now. In an X post, he stated that a break above $89,000 would mean BTC is back in action. Until then, he asserted that there is no real reason to get overly hyped at the current level. 

At the time of writing, the Bitcoin price is trading at around $84,600, up in the last 24 hours, according to data from CoinMarketCap.

Prominent internet entrepreneur Vinny Lingham has taken to his account on X to share his thoughts on the large Bitcoin purchase that was made just recently by Michael Saylor’s company Strategy but announced only today.

Vinny Lingham and his X followers seem critical of Michael Saylor’s Strategy since it is slowly but surely becoming one of the largest Bitcoin holders and perhaps pushing BTC to becoming a centralized asset managed by financial elites.

"Strategy is now the Federal Reserve for Bitcoin"

The Bitcoin-focused firm has purchased a $285.8 million worth of BTC, which comprises 3,459 Bitcoins. Now, the renowned firm that switched its main business from producing business intelligence software to investing in Bitcoin long-term has increased its bag to more than 530,000 Bitcoins. That is 2.5% of the total Bitcoin supply of 21 million coins.

As Saylor’s company continues to swell with Bitcoin, boosting its BTC bag, Lingam has likened it to the “Bitcoin Federal Reserve”: “Strategy is now the Federal Reserve for Bitcoin.”

However, this seems to be a rather critical take on Saylor and his firm's continuous Bitcoin accumulation, highlighting the strengthening centralization of the world’s largest cryptocurrency.

The Federal Reserve is considered a negative force in the world of finance, harshly criticized by many financial experts since it controls the U.S. dollar and prints additional money supply whenever it sees fit.

Many commentators also shared their negative reactions to Strategy's constant Bitcoin purchases, as it concentrates more and more BTC on its balance sheet.

Top VC investor accuses Saylor of hijacking Bitcoin

Roughly a month ago, prominent venture investor and entrepreneur Jackson Calacanis stated in a comment to Anothony Pompliano’s tweet that Bitcoin has been “hijacked.” He also said that Michael Saylor and guys like him are likely to “break the Bitcoin game,” indicating that Saylor’s constant accumulation of BTC is likely to make Wall Street companies follow in his footsteps and gain control over large amounts of Bitcoin.

In the fall of 2024, Saylor briefly mentioned that he believes those who do not trust corporate entities to hold Bitcoin are crazy crypto anarchists. That statement triggered a massive backlash from the community, and eventually Saylor made what looked like an apology — he said that everyone is free to hold Bitcoin the way that suits them best.

By Mackenzie Tatananni

MicroStrategy stock rose Monday after the world's largest corporate holder of Bitcoin said it had snapped up even more of the digital currency.

The company, which does business as Strategy, revealed in a Form 8-K that it had acquired 3,459 Bitcoins for roughly $285.8 million, or around $82,618 per Bitcoin, in the period between April 7 and April 14.

The latest purchase brought MicroStrategy's total holdings to 531,664 units of the digital currency, with an aggregate purchase price of $35.92 billion.

Shares were up 2.4% to $307.26 on Monday while the S&P 500 and tech-heavy Nasdaq Composite rose 1.2% and 1.4%, respectively. The stock closed up 10% on Friday.

In its most recent filing with the Securities and Exchange Commission, MicroStrategy reported that it had sold 959,712 Class A shares through its common stock at-the-market program for around $285.7 million.

The company uses proceeds from its common stock ATM and STRK ATM to fund its Bitcoin purchases. As of April 13, $2.08 billion of common shares and $20.97 billion of STRK shares were available for issuance and sale.

While MicroStrategy focused on enterprise software at the time of its inception nearly four decades ago, it has increasingly leaned into its reputation as a leveraged play on Bitcoin. The rebranding to Strategy was unveiled in early February, complete with a new logo featuring a small Bitcoin symbol.

MicroStrategy has outperformed the broader market this year, rising 6.1% as the S&P declined 7.8%. Its performance is closely tied to fluctuations in the price of Bitcoin, which was up 0.9% over the past 24 hours to $84,682, according to CoinDesk data.

The company has also outpaced funds that offer exposure to Bitcoin, such as the iShares Bitcoin Trust ETF. As of April 11, the BlackRock-owned ETF had lost nearly 11% this year.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

Dog-themed cryptocurrency Shiba Inu saw significantly low burns in the last 24 hours, raising eyebrows on the market. According to data from Shibburn, only 964,247 SHIB tokens were burned in the last 24 hours, a 95% drop in the daily burn rate.

For a token that has seen millions or even billions of SHIB burned daily, this significant drop marks a slowdown in community-led burn activity. The sub-one million figure represents one of the lowest 24-hour totals recorded in recent memory.

While there is no specific explanation yet, various factors could be contributing to the drop, including broader market cooling. It is also possible that holders might be opting to HODL rather than burn, waiting for a price surge amid the ongoing rebound attempt.

However, a single day of low burn activity may not be a long-term concern, as the smallest of burns still contribute to the bigger picture over time, especially when combined with other initiatives across the Shiba Inu ecosystem.

SHIB's price awaits major breakout

At press time, SHIB was up 0.81% in the last 24 hours to $0.00001236 and up nearly 14% weekly.

Shiba Inu is on breakout watch as the broader crypto market returns to green, sparking expectations of a bullish surge in altcoins.

The recent uptick in the SHIB price has brought it closer to a much-watched resistance level, with bulls attempting to push the price above the daily SMA 50 at $0.00001279. A strong close above this level, paired with increasing volume, could signal a breakout toward the next targets at $0.0000156 and the daily SMA 200 at $0.000019, where bulls are expected to mount resistance.

Meanwhile, cautious sentiment remains on the market; support is envisaged in the $0.00001 range if bearish pressure returns.