Kraken Observes Bitcoin’s Bullish Surge as Price Targets $97,500
Bitcoin’s price action has confirmed a significant breakout, with the cryptocurrency surpassing the $95,000 mark and setting its sights on the next key resistance level at $97,500. Technical indicators and market sentiment remain strongly bullish, supported by a solid base above $93,500. The recent peak at $97,405, followed by consolidation around $96,500, suggests potential for further upward movement. Kraken’s data highlights this momentum, reinforcing Optimism among traders and investors.
Bitcoin Price Breakout Confirmed — Eyes on Next Key Level
Bitcoin’s upward trajectory gains momentum as it breaches the $95,000 threshold, signaling potential for further advances. The cryptocurrency now eyes the $97,500 resistance level, with technical indicators suggesting sustained bullish sentiment.
A solid foundation formed above $93,500 propelled BTC past $95,500, establishing a platform for extended gains. The current consolidation NEAR $96,500 follows a peak at $97,405, with Kraken exchange data revealing a bullish trend line supporting at $96,350 on hourly charts.
Ethereum Price Powers Through Resistance — Eyes on $2,000
Ethereum’s price has surged past the $1,750 resistance level, signaling renewed bullish momentum. The cryptocurrency now trades above $1,800, with the 100-hourly Simple Moving Average reinforcing support. A short-term contracting triangle formation on the ETH/USD hourly chart suggests potential breakout above $1,880.
Market observers note Ethereum’s resilience after maintaining its footing above $1,720. The subsequent climb through $1,780 and $1,800 resistance levels has set the stage for further gains. Current consolidation near $1,872 follows a strong push that saw ETH breach $1,850, mirroring Bitcoin’s recent upward trajectory.
XRP Price On Edge — 100 SMA Break Could Trigger Surge
XRP price has initiated a fresh uptrend, breaking through the $2.150 resistance level and now consolidating near $2.250. A decisive close above this level could pave the way for further gains, though the cryptocurrency continues to lag behind Bitcoin and Ethereum in momentum.
The 100-hourly Simple Moving Average remains a critical technical threshold. A breach above this level, coupled with the recent breakout from a bearish trend line at $2.2350, suggests growing bullish sentiment among traders. market participants are watching Kraken’s XRP/USD pair closely for confirmation of sustained upward movement.
With support firmly established above $2.125, XRP has recovered 23.6% of its decline from the $2.359 swing high. The next significant test lies at the $2.250 resistance zone, where a successful breakout could accelerate buying pressure and trigger a more substantial rally.
Solana (SOL) Breaks Above $150 as Bulls Eye Further Gains
Solana’s native token SOL has surged past the $150 mark, building momentum after establishing strong support near $140. The asset now consolidates above its 100-hour moving average, with technical indicators suggesting potential upside toward $154 resistance.
A decisive breakout occurred as SOL breached a key bearish trendline at $149 on hourly charts, according to Kraken data. The move mirrors broader market strength seen in Bitcoin and Ethereum, signaling renewed institutional interest in altcoins with robust blockchain fundamentals.
Kraken Reports $472M Q1 Revenue Amid Trump-Era Market Volatility
Kraken’s revenue surged 19% year-over-year to $472 million in Q1 2025, fueled by heightened crypto trading activity during the early phase of President Trump’s second term. The exchange noted a 7% sequential decline from Q4 2024, attributing it to broader market softness.
Adjusted EBITDA ROSE 17% to $187.4 million, while trading volume jumped 29% annually. "Our Q1 performance demonstrates Kraken’s resilience against seasonal headwinds," the company stated, highlighting a 1% quarter-over-quarter EBITDA increase despite revenue dip.
Kraken Reports $472M Revenue Amid Trump-Era Crypto Volatility
Kraken’s Q1 2025 financial results reveal a 19% year-on-year revenue surge to $472 million, fueled by market volatility during the early days of the Trump administration’s pro-crypto policies. Adjusted EBITDA grew 17% to $187.4 million, demonstrating resilience despite industry-wide challenges.
The exchange’s performance reflects broader market trends where regulatory shifts and political developments continue to drive trading activity. While Kraken doesn’t disclose specific coin contributions, the results suggest Bitcoin and Ethereum likely remained volume leaders given their market dominance.
