Crypto
Is the US dollar the world’s most successful cryptocurrency?
The U.S. dollar, to be clear, is not a cryptocurrency. But for many people, it is doing the job that cryptocurrencies like Bitcoin were originally intended to fill. To understand what is going on, and why the implications are so important for the global economy, it is worth going back to some of the original visions of Bitcoin.
Bitcoin got its start, back in 2008, during the dark days of the global financial crisis. At that time, the U.S. government, among many others, was bailing out banks and financial companies and “printing money” to strengthen the economy. While central banks like the Federal Reserve were not, literally, printing money and throwing it out of helicopters to people, they were doing some quite extraordinary things in the name of “quantitative easing.”
The idea behind quantitative easing (or “helicopter money”) was that central banks could inject confidence into the economy by, in effect, promising to buy just about any kind of financial asset if you had trouble selling it. And at that moment, the catalog of unsaleable assets ran to hundreds of billions of dollars.
With the benefit of hindsight, this looks like a good decision when the alternative was a repeat of the Great Depression. At the time, it looked both unfair and risky to many bystanders. Unfair because taxpayer money was being used to buy assets from people who probably deserved to go bankrupt in normal circumstances. And risky because printing so much money, in normal times, is recipe for higher inflation.
Bitcoin was deliberately designed, from the ground up, to make both of these options impossible. The strict release schedule for Bitcoin and the absolute limit of 21 million Bitcoins being issued meant that there was no way to “bail out” bad lenders or debase the value of the currency by issuing too much. The Bitcoin white paper specifically talks about resistance to corruption, and the Bitcoin network itself contains a reference to bank bailouts in the genesis block.
In the end, there was no hyperinflation in the major economies that practiced some form of quantitative easing, such as the U.S., U.K., and EU. However, hundreds of millions of people do live in countries with high inflation rates, and in the case of a few countries, are facing actual hyperinflation. For those people, Bitcoin should be especially appealing.
So it is all the more surprising to find that, 15 years since the end of the Great Recession, it is the U.S. dollar, not Bitcoin, that is the preferred choice of millions of people in emerging markets.
The appeal, for many of these people, is that to them, the U.S. dollar looks like an ideal stable, corruption-free digital asset. It’s extremely well known. It’s backed by the full faith and credit of the U.S. government, and people have been using the dollar as a “safe haven” in periods of risk for decades.
American power, the huge range of American brands, and the vast reach of American culture have made the U.S. dollar the best-known currency in the entire world. When someone says, “the buck stops here” or refers to the “greenback,” we all know what they’re talking about. And, if you live far from the U.S. and don’t pay much attention to U.S. politics, then compared to your own currency, the U.S. dollar may well look very safe indeed.
Most of this situation has, in fact, been generally the case for decades. There are billions of U.S. dollars circulating around the world in cash, but for most people, that’s not a very safe or secure option. What has changed recently, however, is the ability of just about anyone anywhere to get access and hold dollars digitally.
Cryptocurrencies made it possible for anyone to have digital assets in a private, personal wallet, but few people had the technical knowledge or access to make this possible early on. More recently, cheap smartphones, better wallet software and, most importantly, stablecoins have recently made it possible for anyone, anywhere, to have what is, for all practical purposes, a U.S. dollar-denominated bank account. They see it as a safer alternative to their own currency, something easier to understand than crypto, and very preferable to carrying around U.S. dollars in cash.
And for many of those people, they don’t even realize they are using cryptocurrency infrastructure. Opera Mini Pay is one of the world’s most popular digital wallets and is a good example of what’s ahead. People all around the world can buy, sell and transact in U.S. dollars. And even though Opera Mini Pay runs on top of the Ethereum Layer 2 network CELO, all the fees and other services can be paid in U.S. dollars. No need to know anything at all about crypto.
The result is that even as crypto has laid down the path, when it comes to currencies, the overwhelming brand of the almighty U.S. dollar has ended up filling the gap Bitcoin brought to everyone’s attention.
Paul Brody is the Global Blockchain Leader for EY (Ernst & Young). He is also the chairman of the Enterprise Ethereum Alliance and the author of the book Ethereum for Business.
Note: These are the personal views of the author and do not represent the views of EY.
Key Takeaways:
- Bitcoin holds $78K on May 3, 2026, as market data shows consolidation below $80K resistance.
- TradingView indicators show 62 RSI and mixed signals, signaling indecision across crypto markets.
- Bitcoin tests $80K zone; break or rejection may drive next 5% to 10% move in the coming sessions.
Bitcoin Chart Outlook
The daily chart structure for bitcoin reflects a transition phase from a prior macro downtrend into a developing recovery pattern. Price action has established higher lows following a rebound from the $60,000 region, signaling an improving market structure. However, the current range near $78,000 to $79,000 places bitcoin just beneath a significant supply zone between $80,000 and $82,000, where prior distribution occurred.
This positioning suggests that while downside momentum has eased, bullish continuation remains unconfirmed on the higher timeframe. The $72,000 to $74,000 range continues to act as a key demand zone, maintaining structural integrity. A sustained move below $70,000 would weaken the broader recovery thesis and reintroduce downside risk.
On the four-hour chart, bitcoin maintains a well-defined upward channel that has been intact since early April. The sequence of higher highs and higher lows reinforces a constructive trend, though momentum appears to be moderating as price approaches overhead resistance.
Immediate resistance is clustered around $79,000 to $80,000, aligning with the upper boundary of the channel. Pullback zones are clearly defined, with $75,000 to $76,000 representing a shallow retracement level, while $72,000 to $73,000 serves as a deeper structural support area. This suggests the market may be entering a consolidation phase before its next directional move.
The one-hour bitcoin chart highlights a tight consolidation range between $77,000 and $79,000, indicating short-term equilibrium between buyers and sellers. A pattern of small higher lows suggests building pressure upward, though a decisive breakout has yet to occur.
A move above $79,500 would likely act as a trigger for momentum expansion, while support at $76,500 to $77,000 defines the lower boundary of the current range. Liquidity appears to be accumulating within this zone, reinforcing the likelihood of a volatility expansion in the near term.
Oscillators present a mixed outlook, reinforcing the market’s indecisive tone. The relative strength index ( RSI) at 62 remains in neutral territory, indicating neither overbought nor oversold conditions. The Stochastic oscillator at 83 also signals neutrality despite nearing elevated levels.
The commodity channel index (CCI) at 102 reflects a negative condition, suggesting short-term overextension, while the average directional index (ADX) at 25 indicates a lack of strong trend conviction. Meanwhile, the Awesome oscillator (AO) prints a positive reading, pointing to underlying momentum support.
Momentum (MOM) shows a bearish signal, and the moving average convergence divergence ( MACD) registers a negative reading as well, indicating fading short-term momentum. Overall, oscillator signals remain balanced, aligning with the observed consolidation across timeframes.
Moving averages (MAs), by contrast, provide a significantly more constructive picture. The exponential moving average (EMA) and simple moving average (SMA) clusters across shorter periods remain firmly below the current price, reinforcing trend support.
The EMA (10) at $77,478 and the SMA (10) at $77,514 both indicate upward alignment. Similarly, the EMA (20) at $76,323 and the SMA (20) at $76,734 continue to support the price structure. Further down the curve, the EMA (50) at $74,219 and the SMA (50) at $72,660 confirm broader trend stability. The EMA (100) at $75,805 and the SMA (100) at $72,186 add to this layered support system.
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However, longer-term resistance remains evident, with the EMA (200) at $82,127 and the SMA (200) at $83,686 both signaling overhead pressure. This reinforces the importance of the $80,000 to $82,000 zone as a decisive inflection point.
In summary, bitcoin is navigating a technically significant range on Sunday afternoon where short-term indecision contrasts with strong underlying trend support. The market is compressing beneath resistance, setting up a potential breakout or rejection scenario in the sessions ahead.
Crypto
The Cryptocurrency News That Matters: CLARITY Act Advances While Pepeto, SOL, and XRP Position for What Comes Next
The CLARITY Act just cleared its biggest hurdle with a stablecoin yield compromise that Coinbase and Circle backed within hours, and this cryptocurrency news could reshape how capital flows through crypto for the rest of the decade. SOL holds $83.60 and XRP sits at $1.38 while the market waits for Senate Banking to act. Raising above $9 million through months of uncertainty, Pepeto https://pepetoswap.com gives holders a full marketplace with exchange tools and a Binance listing that turns every presale wallet into the position the open market prices higher.
What the Latest Cryptocurrency News Says About the CLARITY Act and Market Structure
Senators Tillis and Alsobrooks released a yield compromise in the CLARITY Act on May 2 that bans stablecoin interest payments that copy bank deposits but allows rewards tied to real use according to CoinDesk. Coinbase CEO Brian Armstrong posted “Mark it up” and Circle’s Dante Disparte called the deal meaningful progress according to the same CoinDesk report. The bill reaching markup would give crypto its first full market structure law, and every project with working tools stands to gain the most from the clarity that follows.
How Pepeto, Solana, and XRP Fit Into the Cryptocurrency News Cycle Ahead
Pepeto
When regulation moves forward, the projects that already operate with audited tools and real utility are the ones that gain the most from the new rules. The ones still building have to catch up while the ones already running absorb the capital that clarity brings in.
Pepeto https://pepetoswap.com was designed to be running before the regulation arrived, and the approaching Binance listing is the event that turns a presale marketplace into the open market position every holder has been waiting for.
Analysts project returns between 100x and 300x from the current presale entry of $0.0000001864, and above $9 million raised while the cryptocurrency news cycle focused on fear and uncertainty proves the community behind this project already moved on conviction. The CLARITY Act brings rules, and the projects with live tools and audited contracts meet those rules from day one.
While SOL and XRP wait for regulatory clarity to unlock their next move, Pepeto’s cross chain bridge sends assets between networks at zero cost and PepetoSwap handles trades with zero fees so holders keep every dollar of value when they move between tokens. The cofounder who created the original Pepe coin turned 420 trillion tokens into an $11 billion result with zero products, and the cryptocurrency news pointing to the CLARITY Act is exactly the kind of backdrop that rewards projects with real tools already in place. Staking runs at 176% APY for holders who lock tokens while they wait, and the presale entry shuts permanently the moment the Binance listing opens trading.
https://www.youtube.com/watch?v=gPX8yXeLk00
Solana (SOL)
SOL trades at $83.60 according to CoinMarketCap, down 71% from its $293 all time high. Western Union announced a Solana stablecoin called USDPT launching next month, and the GSR Crypto Core3 ETF now includes SOL alongside BTC and ETH. The headlines favor SOL, but from $83.75 the climb back to $293 takes momentum the current range has not produced.
XRP
XRP trades at $1.38 according to CoinDesk, holding steady after gaining 4% on the week. Whale wallets continue daily accumulation and the CLARITY Act would bring the regulatory clarity Ripple has fought years to achieve. The cryptocurrency news favors XRP’s legal position, but from $1.38 the return to the $3.84 all time high is a 176% climb that depends on events the market has not yet confirmed.
Conclusion
The CLARITY Act advancing is the cryptocurrency news headline that changes everything, because regulatory clarity brings the institutional capital that has been waiting on the side. SOL and XRP both stand to benefit, but from their current prices the upside takes time to arrive.
The rarest combination crypto produces is meme energy plus real tools plus a confirmed exchange listing, and that combination shows up once per cycle if it shows up at all. The Pepeto official website shows every tool live right now, and the wallets inside above $9 million already know what the Binance listing delivers. Moving into the presale now locks in the position that clarity reprices, and the moment the listing arrives the entry cost that exists right now becomes the opportunity no future buyer gets to match.
Click To Visit Pepeto Website To Enter The Presale: https://pepetoswap.com
FAQs
What is the biggest cryptocurrency news today?
The CLARITY Act stablecoin yield compromise advanced with Coinbase and Circle backing, moving crypto closer to its first full market structure law.
How does the cryptocurrency news affect SOL and XRP outlook?
Both tokens gain from regulatory clarity, but SOL sits 71% and XRP 64% below their highs, making the return path slow from current levels.
Where can holders find the strongest presale entry before listing?
The Pepeto official website shows live tools with a SolidProof audit and a Binance listing approaching, giving holders the entry the open market removes.
Disclaimer:
The material in this article is for informational purposes only and should not be interpreted as financial advice. Cryptocurrency investments involve significant market risk and volatility, including the loss of your capital. Always perform your own research or consult a licensed financial expert before making decisions.
Contact: Dani Bonocci
Website: https://www.tokenwire.io
Phone: +971586738991
SOURCE: Pepeto
Press release distribution
This release was published on openPR.
Key Takeaways:
- A new wallet pulled 1,051 BTC worth $82.35 million from Binance, per Lookonchain.
- U.S. bitcoin ETFs recorded $630 million in net inflows on May 1, amplifying the bullish demand signal.
- Centralized exchanges have shed over $26 billion in bitcoin and ether since January 2026.
New Wallet, Big Move
Onchain intelligence platform Lookonchain flagged the withdrawal, noting that the receiving wallet had been newly created, a common fingerprint of institutional players or high-net-worth individuals seeking to self-custody large holdings outside of exchange infrastructure.
At the prevailing price of approximately $78,000 per bitcoin, the 1,051 BTC haul is valued at roughly $82.35 million. The transaction was confirmed in a single block, and no subsequent movement has been recorded from the destination address, a pattern consistent with long-term storage rather than positioning for a near-term sale.
What Exchange Outflows Tell Us
Large bitcoin withdrawals from centralized exchanges typically pertain to coins that cannot be immediately sold. Sustained outflow trends reduce available sell-side supply and, over time, tend to tighten price floors.
That trend has been running hard in 2026, marked by a massive structural shift away from traditional exchange-held balances. According to CryptoQuant, February alone saw over 31.6 million ETH withdrawn from centralized exchanges, driving reserves to multi-year lows. Analysts attribute this shift to a growing institutional preference for direct custody and regulated vehicles over traditional exchange-held balances.
The timing of today’s withdrawal adds to an already constructive demand picture. On May 1, U.S. bitcoin spot exchange-traded funds (ETFs) recorded net inflows of $630 million, with ether ETFs adding a further $101 million, one of the stronger single-day readings in recent months.
Part of a Larger Whale Pattern
Cryptoquant data published earlier this year showed bitcoin whales quietly buying thousands of coins over a two-month window, even as retail sentiment remained cautious. However, institutional accumulation is not one-directional, because a separate investigation tracked a different whale sending 1,000 BTC to Binance and booking a $3.42 million profit, a reminder that large players are actively positioned on both sides of the market simultaneously.
One thing from this latest move is that whoever controls this new wallet has decided not to leave 1,051 bitcoin on an exchange, and at this price level, that decision alone could carry substantial weight.
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