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The post Arbitrum (ARB) Price Analysis: Dead Cat Bounce or Full Blown Recovery Next? appeared first on Coinpedia Fintech News ARB price has followed a similar fractal pattern to the September 2024 bullish breakout. The resurgence of crypto FOMO could trigger a parabolic rally for ARB price in the near future. The gradual recovery of Ethereum (ETH), in the past few days beyond $1.7k, has reverberated in its layer two (L2) ecosystem, led by Arbitrum (ARM). The renewed altcoin interest by whale investors has rejuvenated bullish sentiment, as Bitcoin (BTC) price rebounded above the crucial support level of around $92k. In the past seven days, ARB price has rallied over 18 percent to trade about 33 cents on Wednesday, April 23, during the mid-North American trading session. The large-cap altcoin, with a fully diluted valuation of about $3.3 billion and a 24-hour average trading volume of about $229 million, has been trapped in a multi-month falling trend. What Next for ARB Price After being trapped in a falling trend YTD, ARB price broke out of a falling logarithmic trend in the past few days, signaling a potential macro reversal. Furthermore, a similar reversal pattern occurred between September and November 2024 but was overshadowed by the YTD selloff. With the daily Relative Strength Index (RSI) having rallied above the 50 percent level for the first time in 2025, it is safe to assume a reversal is imminent. Moreover, the daily MACD indicator is on the cusp of transitioning to bullish sentiment. In case of further bullish sentiment, ARB price aims at 47 cents in the short term and $1.2 in the coming months. Closer Look at Arbitrum’s Fundamentals The Arbitrum network has grown into a vibrant web3 ecosystem on the Ethereum blockchain in the past year. As of this writing, dozens of DeFi protocols have already deployed on the Arbitrum network, thus its total value locked (TVL) hovering at about $2.22 billion and its stablecoins market cap at around $2.86 billion. The Arbitrum network has, however, faced intense competition from Coinbase Global-backed Base in the recent past. According to market data from Defillama, Base Network has a TVL of about $2.7 billion and a stablecoins market cap of around $4.11 billion.
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PayPal To Begin Offering Yield on PYUSD To Boost Stablecoin Use: Report
![Payments giant PayPal is reportedly going to start offering customers yield on its proprietary stablecoin product. According to a new report by Bloomberg, PayPay is planning on offering rewards to users of their stablecoin PayPal USD ( PYUSD ) as a means of increasing its usage. The report says that the program is expected to launch sometime during the summer, though no specific date was mentioned, and would allow users of both PayPal and Venmo to earn 3.7% annually on PYUSD holdings in their crypto wallets. The rewards – which accrue on a daily basis and get paid out monthly – will be paid in PYUSD which customers can then either convert to fiat currency, use for payments, or send to other users. Jose Fernandez da Ponte, PayPal’s senior vice president and general manager of blockchain, crypto and digital currencies, told Bloomberg in an interview that the goal of the company is to incentivize use of stablecoins as a form of payment on its platform. “We see stablecoins as building the next generation of payment rails but we are aware that is something that takes time. We are halfway [through] a 10-year journey.” PYUSD launched in 2023 in collaboration with stablecoins issuer Paxos, which says that the token’s reserves are 100% held in US dollar deposits that are available for 1:1 redemption. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post PayPal To Begin Offering Yield on PYUSD To Boost Stablecoin Use: Report appeared first on The Daily Hodl .](/image/6809653b60dd8.jpg)
Payments giant PayPal is reportedly going to start offering customers yield on its proprietary stablecoin product. According to a new report by Bloomberg, PayPay is planning on offering rewards to users of their stablecoin PayPal USD ( PYUSD ) as a means of increasing its usage. The report says that the program is expected to launch sometime during the summer, though no specific date was mentioned, and would allow users of both PayPal and Venmo to earn 3.7% annually on PYUSD holdings in their crypto wallets. The rewards – which accrue on a daily basis and get paid out monthly – will be paid in PYUSD which customers can then either convert to fiat currency, use for payments, or send to other users. Jose Fernandez da Ponte, PayPal’s senior vice president and general manager of blockchain, crypto and digital currencies, told Bloomberg in an interview that the goal of the company is to incentivize use of stablecoins as a form of payment on its platform. “We see stablecoins as building the next generation of payment rails but we are aware that is something that takes time. We are halfway [through] a 10-year journey.” PYUSD launched in 2023 in collaboration with stablecoins issuer Paxos, which says that the token’s reserves are 100% held in US dollar deposits that are available for 1:1 redemption. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post PayPal To Begin Offering Yield on PYUSD To Boost Stablecoin Use: Report appeared first on The Daily Hodl . coinpedia
Bitcoin’s Reclaim of $94K Sparks Possibilities for Altcoin Gains Amid Market Optimism
Bitcoin’s recent jump to $94,000 marks a significant milestone amidst shifting economic dynamics between the U.S. and China, reigniting investor interest. Ethereum and Solana have showcased strong performances, each gaining coinpedia
