Top Crypto News – May 19, 2025

Bitcoin Faces Sharp Drop After Brief Surge

Bitcoin (BTC) briefly hit $106,000 before dropping to $103,000, triggering over $600 million in liquidations in long and short positions.

Golden Cross Signal Gives Hope

Despite a 4% dip, BTC is trading around $102,750, and a Golden Cross (50-day MA crossing 200-day MA) is being watched as a bullish signal.

Whale Goes Long with $381M Bitcoin Bet

A major Bitcoin whale has opened a $381.2 million long position, reinforcing confidence among bullish traders.

Altcoins Outperform BTC in May

In the last 30 days:

ETH up 5.7%

SOL up 12.4%

ADA up 8.9%

BTC up just 2.3%

Institutional Buy: Metaplanet Acquires 1,004 BTC

Japan-based Metaplanet Inc. now holds over 7,800 BTC after purchasing an additional 1,004 BTC.

XRP Futures Launch on CME

CME has officially launched XRP futures, but XRP price fell 1.75% to $2.34513 shortly after.