5.19 Morning Market Update:
A new week has begun!
The start coincides with the "519" cryptocurrency crash anniversary. Bitcoin briefly surged to 107,000 before a pullback during the early hours, while altcoins showed weak performance, requiring cautious market sentiment. Looking back at May 19, 2021, Bitcoin experienced a single-day drop of over 31%, becoming a historical "bear market trigger".
Currently, Bitcoin has broken out of a triangular convergence with increased volume, showing signs of direction after a double blow to both bulls and bears, and may challenge previous highs. Some funds have fully entered the market, waiting to witness new highs.
🔥 Quick Market Highlights:
1. Ethereum is trending downward, while some Meme coins (like Neiro, Moodeng, Launchcoin) have seen significant rebounds;
2. Payment public chain KTA has surged, with a market cap reaching $700 million, skyrocketing 80 times since March. KTA is a compliant high-performance chain but issued on the Base chain;
3. Chain game NXPC has declined, with mining proving ineffective, and interest in the GameFi sector is decreasing, being viewed as having been disproven.
