The cryptocurrency market will witness significant events, such as Michael Saylor purchasing Bitcoin for $427.1 million and the (Genius Stablecoin Regulatory Bill) being submitted to the U.S. Senate for review.
Binance Coin (BNB) is forming a bullish pattern, expected to rise by 7.8%, while Polkadot (DOT) may increase by 10.7% to $5.06.
Last weekend, discussions surrounding Trump's 50% tariffs on the EU and the subsequent delay until July led to volatility in the cryptocurrency market overall. This resulted in liquidations on both ends of the cryptocurrency market, with the price of Bitcoin rebounding to the $110,000 level. After a consolidation phase, altcoins also showed strong momentum.
On the other hand, several important events will occur this week, such as Bitcoin advocate and MicroStrategy founder Michael Saylor announcing the purchase of 4,020 BTC at a price of $106,237 per BTC, valuing $427.1 million. As of 2025, the company has achieved a 16.8% return on Bitcoin. Furthermore, as noted in our previous report, Michael Saylor will speak at the Bitcoin 2025 conference taking place from May 27 to May 29.
Additionally, the (Genius Stablecoin Regulatory Bill) has been submitted to the U.S. Senate for review, marking a key step toward regulatory transparency for stablecoins in the U.S. Once passed, this bill will significantly enhance the framework of the cryptocurrency industry, promoting the growth and wider adoption of cryptocurrencies amid all these key development trends. Here are three cryptocurrencies to watch this week.
Bitcoin (BTC) price is expected to reach a new all-time high.
Bitcoin is showing strength again, rebounding above $110,000 today, and is expected to break its all-time high. Since BTC has been following the trend of the global M2 money supply, market analysts expect it to reach the $150,000 level soon, as emphasized in our previous report.
Unless Bitcoin experiences significant volatility, altcoins are expected to remain relatively stagnant. According to CoinCodex, the price of Bitcoin is expected to reach a historic high of $134,097 by May 31. This means its price will increase by 22.25% from current levels.
Binance Coin (BNB) is expected to rise significantly.
Binance's BNB token is expected to rise this week, with CoinCodex predicting its price will reach $726.75 by May 30. If this target is reached, its price will increase by 7.8% from the current price. Additionally, as this altcoin has formed one of the most obvious bullish flag patterns in the market, it is poised for a strong upward momentum. Technical analysts point out that this pattern is a bullish continuation signal, highlighting potential upward momentum.
Since January, the trading volume of the five major blockchain networks has decreased by nearly 75%. However, the BNB chain continues to perform well, maintaining a daily trading volume of $8.5 billion according to Token Terminal data. This figure is impressive, being 240% higher than Solana.
Polkadot (DOT) continues to attract investor attention.
Polkadot's native cryptocurrency DOT has also performed strongly, rising 6% in the past 24 hours, with daily trading volume soaring to $200 million. As of now, the price of DOT is $4.53.
Polkadot (DOT) shows potential for growth this week, with CoinCodex predicting the asset will reach $5.06 by May 31. If this target is achieved, the price of DOT may increase by 10.7%.
