Bitcoin has smashed through the $104,000 mark, surprising tr | Elane Lunghofer jwpE on Binance Square

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Bitcoin has smashed through the $104,000 mark, surprising traders and investors around the globe.

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$USDC As of May 16, 2025, the top meme coins by market capitalization are as follows: 1. Dogecoin ($DOGE ) Price: $0.23 Market Cap: $33.9 billion 24h Change: -1.07% Overview: The original meme coin, Dogecoin continues to lead the market, buoyed by its strong community and widespread recognition. 2. Shiba Inu ($SHIB ) Price: $0.000015 Market Cap: $8.9 billion 24h Change: -1.36% Overview: Often dubbed the "Dogecoin killer," Shiba Inu has carved out its niche with a robust ecosystem and active community engagement. 3. Pepe ($PEPE ) Price: $0.000014 Market Cap: $5.69 billion 24h Change: -1.28% Overview: Inspired by the popular internet meme, Pepe has gained traction for its cultural relevance and meme appeal. 4. Official Trump ($PEPE ) Price: $12.95 Market Cap: $2.59 billion 24h Change: +0.72% Overview: A politically themed meme coin, TRUMP has seen significant interest, particularly among supporters of the former U.S. president. 5. Bonk ($BONK ) Price: $0.000021 Market Cap: $1.66 billion 24h Change: -1.86% Overview: As a Solana-based meme coin, Bonk has attracted attention for its rapid growth and community-driven initiatives. 6. Fartcoin ($FARTCOIN ) Price: $1.29 Market Cap: $1.29 billion 24h Change: -0.06% Overview: Embracing humor, Fartcoin has leveraged its novelty to gain a foothold in the meme coin market. 7. dogwifhat $WIF ) Price: $1.02 Market Cap: $1.02 billion 24h Change: -6.52% Overview: Known for its quirky branding, WIF has cultivated a dedicated following within the meme coin community. 8. FLOKI ($FLOKI ) Price: $0.000035 Market Cap: $1.01 billion 24h Change: -1.12% Overview: Named after Elon Musk's dog, FLOKI combines meme culture with ambitious project developments. 📊 Market Overview Total Meme Coin Market Cap: Approximately $75.9 billion 24h Trading Volume: Around $12.4 billion 24h Market Cap Change: -3.5% 🔍 Noteworthy Trends

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$ETH ▪️Bitcoin Breaks New Ground Bitcoin (BTC) has soared to a staggering $104,000, marking one of its highest price points to date. The surge comes as investors across the globe continue pouring money into the leading cryptocurrency, fueled by optimism in the market and growing confidence in its long-term value. ▪️Spot Market Takes the Lead What’s driving this rally? It’s the spot market—real-time purchases of Bitcoin without leverage or derivatives. This shows genuine buying interest, particularly from large institutions. More and more major players are moving into Bitcoin, viewing it as a hedge and a long-term asset worth holding. ▪️Macroeconomic Push Recent economic signals, including softening inflation in the U.S., have added fuel to Bitcoin’s rise. There’s growing belief that the Federal Reserve may cut interest rates soon, which tends to push investors toward non-traditional assets like crypto. With the U.S. dollar weakening slightly, Bitcoin is becoming even more attractive. ▪️Retail Slows Down, Institutions Step Up Interestingly, while the price is climbing, retail participation seems to be slowing. Fewer individual investors are chasing the rally, while institutions are steadily increasing their positions. It’s a sign that Bitcoin is maturing into an asset class dominated by long-term strategies rather than short-term speculation. ▪️What’s Next? Even as inflows into spot ETFs have cooled compared to last month, Bitcoin’s price is holding firm. That’s a strong sign of confidence in the market. If momentum continues, we may be looking at a new base forming above $100,000—a level once thought distant, now within reach. Bitcoin isn’t just making headlines; it’s making history. $BTC

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BTC’s recent rally appears to be fueled by spot market demand, not excessive leverage, according to K33 Research. That undercurrent of buying, especially from retail and Asia-based wealth managers, could help sustain bullish sentiment, even if near-term price action remains range-bound. Nick Ruck of LVRG Research added that the lull in price may stem from caution ahead of upcoming macroeconomic data and concerns about the longer-term impact of recent U.S. trade deals. "The lull in activity may stem from anticipated volatility ahead of future macroeconomic and policy reports, along with investor reactions to inflation fears from American consumers that drove less spending in the country last month," Ruck said. "Traders are cautiously bullish as the US trade deals push prices higher, but concerns remain about the long-term impact from tariffs after the deals with major trading partners have been finalized," he added. For now, markets are holding their breath just below key breakout levels, with the next decisive move likely to reset direction across the board

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#EthereumSecurityInitiative XRP fell over 4% in the past 24 hours, leading losses among major cryptocurrencies as the broader market stalls after last week’s sharp rally. Bitcoin continues to hover above $104,000, with traders predicting a steady rise past $105,000, a level now acting as both psychological and technical resistance. The crypto market's total capitalization declined 2% to $3.3 trillion, according to CoinGecko, with majors such as Ethereum (ETH) and Solana (SOL) also pausing near their 200-day moving averages — a region that may either signal consolidation or the start of a short-term pullback. “Bitcoin has been smoothly forming a top for the past seven days,” said Alex Kuptsikevich, chief market analyst at FxPro. “This kind of setup typically signals a correction is due, especially when paired with slippage in equities and profit-taking in gold.” The Crypto Fear & Greed Index dipped slightly from 73 to 70, still in “greed” territory but suggesting momentum has faded. SignalPlus’s Augustine Fan said markets may continue to grind higher unless equities roll over, but warned that BTC is likely to struggle against interim resistance at $105,000. He noted Ethereum may benefit more in the near term as part of a broader crypto uptrend, especially with improving inflows and relative strength in altcoins. Fan also reiterated a macro shift in capital allocation that favors crypto. “We think the 'anti-dollar' ledge is more structural this time around,” he said. “Investors are increasingly rotating into emerging markets, precious metals, and crypto as a way to hedge geopolitical and currency risk.” with investor reactions to inflation fears from American consumers that drove less spending in the country last month," Ruck said. "Traders are cautiously bullish as the US trade deals push prices higher, but concerns remain about the long-term impact from tariffs after the deals with major trading partners have been finalized," he added.

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#MastercardStablecoinCards Bitcoin ( $BTC ) continues trading in a tight range above $103,000, forming a textbook ascending triangle on the hourly chart. Market participants are watching for a breakout above $104,900, which could set the stage for Bitcoin to enter a new price discovery phase and approach an all-time high. Technical Pattern Builds Toward Breakout Confirmation The ascending triangle structure currently forming shows higher lows meeting a horizontal resistance at $104,900. This technical setup is often seen before a bullish breakout. Bitcoin has tested the lower boundary near $101,600 multiple times while holding firm above the trendline. Key support now lies at $101,600. If Bitcoin holds this level and moves higher, a breakout above $104,900 could follow. Confirmation would require a clean daily close above this resistance zone, potentially opening the door to $110,000 and higher. The Relative Strength Index (RSI) remains steady near 67, indicating sustained bullish momentum. Market structure still favors the upside, with the price trading above the Parabolic SAR level at $98,673 and supported by the Donchian Channel midpoint at $99,276. On-Chain and Market Developments Reinforce Bullish Setup According to an observation by Glassnode, Bitcoin’s Realized Cap has increased by $30 billion since April 20. This rise points to growing investor conviction, with the current realized cap near $900 billion. Spot market data also reflects strong accumulation, as the Spot Volume Delta peaked close to $5 billion on May 13. Options market behavior supports the trend, too. According to data from Coinglass, open interest in Bitcoin options rose 1.21% to $40.04 billion, even as overall volume declined. This shows traders are holding bullish positions and not exiting the market.

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