š Daily Crypto Market Update š
1. Market Overview
- Global Market Cap: 3.58 (previously 3.52T) via Coingecko
- Top Movers: JUP, VIRTUAL, FET, HYPE, UNI, INJ
2. Altcoin Market Trends š
- Alts had a nice rebound after Trump agreed to delay 50% tariffs on EU until July 9th. JUP looks like it may finally be breaking out after its 2 month chop which could be even more attention back to Solana. We also have HYPE continuing to outperform which remains a strong performer and why I always say to buy those on dips as they will outperform when the pump returns.
3. Key News Headlines š°
- Regulatory Updates: European Union says it's ready to move quickly to negotiate a new trade deal with the US.
- Partnerships or Integrations: Nakamoto Holdings, Kindly MD, Anchorage Digital Announce Strategic Bitcoin Treasury Partnership.
- Major Developments: Trump agrees to delay 50% tariffs on EU until July 9th.
4. Upcoming Events ā©
- May 27th-29th Bitcoin Conference, Las Vegas
- May 30th FTX starts $11.4B of creditor payouts
5. Summary āļø
The market had a nice rally today after the European Union said it's ready to move quickly to negotiate a new trade deal with the US and Trump agreed to delay their 50% tariffs until July 9th. We also have JD Vance speaking at the Bitcoin Conference between May 27th-29th and billions in FTX refunds coming May 30th. Everything is shaping up to be an explosive week but make sure you're still managing your risk accordingly and taking profits along the way š¤