Bitcoin Braces for Volatility as Vegas Conference Looms 👀
Bitcoin’s been chilling in a tight $107k-$110k range despite last Friday’s macro action, with equities going wild but BTC staying calm. Spot ETF demand is holding up, but traders are on edge, expecting sparks from the upcoming Bitcoin Conference in Las Vegas (May 27-29). Big names like JD Vance, Michael Saylor, and the Trump brothers are speaking, and last year’s conference saw a wild volatility spike when Trump spoke, followed by a 30% BTC drop. Traders are cautious now—perpetuals open interest is down, funding rates are normal, and even retail hotshots like James Wynn are pulling back. Rumors of a $3B Trump Media crypto raise (denied) aren’t helping the nerves. The report predicts BTC will stay range-bound until the conference wraps, with volatility likely to cool off after.
I think the market’s being smart here, playing it safe ahead of the conference. The memory of last year’s volatility spike is clearly spooking traders, and with big names like the Trumps involved, anything could stir the pot. The $3B rumor, even if false, shows how jumpy everyone is. I agree BTC’s likely to stay stuck in this range until the speeches are done—nobody wants to get caught off guard. Once the dust settles, I’d expect things to calm down unless someone drops a bombshell.
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ETH Surges 2.77% After Pectra Upgrade, ETF Inflows Fuel Momentum Toward $3,000 Target
Ethereum (ETH) is currently trading at $2,637.20 on Binance, up 2.77% over the past 24 hours with significant trading volume, reflecting strong market participation and a market capitalization of approximately $312 billion. The recent price increase is primarily attributed to the successful deployment of the Pectra upgrade, which introduced major enhancements to Ethereum’s consensus and execution layers, as well as positive sentiment driven by rising spot ETF inflows and robust trading activity. Continued institutional interest and technical momentum above key support levels have further contributed to the bullish movement, with analysts setting short-term targets near $3,000 amid an overall optimistic outlook for the remainder of 2025.
BITCOIN HOLDINGS BY PUBLIC COMPANIES
Public companies continue to expand their Bitcoin holdings, solidifying cryptocurrency's role in traditional financial markets. With industry leaders like #Strategy holding substantial amounts, the total $BTC reserved by these firms now surpasses an impressive 751,902 $BTC, representing significant confidence in Bitcoin's long-term value. As the market matures, these holdings underscore the evolving relationship between traditional institutions and digital assets.
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