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cryptocurrency news predictions
Cryptocurrency news predictions
Bitcoin has been thrust back into the spotlight by extreme price swings this year, with U.S. president Donald Trump’s assault on the global trade order resulting in wild predictions of total U draftkings tulalip.S. dollar collapse.
With bitcoin’s market capitalization “back above $2 trillion and gold trading north of $3,200/oz, the two now stand side-by-side—as hedges against geopolitical turmoil and, increasingly, as high-conviction stores of value for the future,” Gadi Chait, head of investment at bitcoin and crypto custody company Xapo Bank, said in emailed comments.
The bitcoin price plummeted to around $75,000 per bitcoin, dropping over 30% from its all-time high of almost $110,000, as traders panicked over Trump’s tariffs but has since bounced back to over $100,000.
Cryptocurrency market news
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin is trading around $105,000 – $106,000, showing a slight positive gain over the last 24 hours. Some analysts anticipate a “golden cross” pattern on Bitcoin’s daily chart, which could signal further bullish momentum. JP Morgan CEO has announced that bank will allow its clients to purchase Bitcoin, which is seen as a big boost from retail and institutional adoption point of view.”
Meanwhile, others say it concerns highlights by another Jupiter executive, @weremeow on X, about a major Jupiter event, including a product reveal and DAO discussion. Meanwhile, a key conversation in the Jupiter ecosystem concerns the JupNet.
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading above $106,000, marking a historic phase of price discovery post-halving. Momentum remains bullish with strong institutional inflows and diminishing exchange reserves. Key resistance lies at $108,400, with breakout potential toward $113,000. Support is holding at $101,300, where buyers are visibly defending dips. RSI is near overbought, suggesting short-term consolidation before the next leg up. Open interest and funding rates indicate leveraged longs building across major exchanges. Market sentiment remains highly optimistic, with forecasts targeting $120,000+ within days. Unless macro shocks disrupt momentum, Bitcoin appears to be entering a vertical accumulation phase—driven by supply crunch and institutional conviction.”
This week, one of the top crypto news stories is Mantle Network’s integration announcement. After the Tectonic Upgrade was implemented in March 2024 and the Mainnet Alpha launch in July 2023, the Mantle ecosystem will undergo a planned update.
Giann Liguid is a graduate of Ateneo De Manila University with an AB in Interdisciplinary Studies. With a diverse writing background, Giann has written content for the security, food and business industries. He also has expertise in both the public and private sectors, having worked in the government specializing in local government units and administrative dynamics. When he is not chasing the next market headline, Giann can most likely be found thrift shopping for his dogs.
“Next week, the Senate will make history when we pass the GENIUS Act that establishes the first-ever pro-growth regulatory framework for payment stablecoins. This bill will cement US dollar dominance, protect customers, increase demand for US treasuries, and ensure that innovation in the digital asset space is in the hands of the United States of America, not our adversaries,” Senator Hagerty wrote.
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These positive crypto inflows come as markets continue to shrug off Trump tariffs. Accordingly, the US topped the positive flows. It beat Germany and Hong Kong with $681 million inflows against $86.3 million and $24.2 million, respectively.
As Ethereum and other altcoins recorded positive flows, Solana bucked the trend. It posted up to $0.89 million in crypto outflows. This aligns with a recent trend of declining TVL (total value locked), plunging 64%.
“The Ethereum Foundation is thrilled to welcome Hsiao-Wei Wang and Tomasz Stanczak as co-Executive Directors. This new leadership structure marks an exciting new chapter in the Foundation’s evolution as we continue to support a growing Ethereum ecosystem,” the EF said in March.
In the same way, Tomasz Stanczak, recently appointed as co-Executive Director of the Ethereum Foundation (EF), has a deep history in Ethereum’s core development. His focus on statelessness to enhance Ethereum’s scalability and decentralization aims to reduce node storage needs.
The latest CoinShares report indicates crypto inflows totaling $785 million recorded for the week ending May 17. While it represents a slight drop from the previous week’s $882 million, it marks the fifth week of consecutive positive flows.
