Key Market Highlights
Bitcoin $BTC is trading around $103,228, experiencing a slight dip of 0.96% in the last 24 hours. Despite this, it remains near record highs, with low volatility and potential for a breakout above $105K.
Ethereum $ETH has dropped below $2,500, currently at $2,484.18, marking a 3.57% decrease. Analysts predict a potential further decline to around $1,910 by May 21.
BNB is holding steady at $640.25, down 2.73% today, while $XRP is at $2.35, experiencing a 2.08% decrease.
Market Sentiment & Technical Insights
Bitcoin is facing resistance at $68,500, with a potential move to $70,000 if breached. Ethereum's key resistance is at $3,100, with support holding at $3,000.
ETF Flows: Invesco reported zero inflows into its Bitcoin ETF on May 17, indicating cautious institutional sentiment.
Fear & Greed Index: The index has experienced a decline, suggesting a shift towards fear in the market.Notable News
Coinbase anticipates up to a $400 million hit from a recent cyber attack, highlighting ongoing security concerns in the crypto space.
Metamask co-founder hints at a potential “MASK” token, sparking community speculation.
Pi Network's token plunged 40% following a $100M fund announcement, raising questions about investor confidence.
Pax Gold (PAXG) is navigating market volatility amid the Federal Reserve's steady rates and global trade tensions.
