Bitcoin $BTC is fluctuating around $103,000, under pressure from both institutional and individual investors. Some on-chain indicators suggest the possibility of forming a 'double top' pattern similar to 2021, raising concerns about short-term price corrections.
Ethereum $ETH is trading near $2,700, up slightly 1.2% in the past 24 hours. However, the Grayscale Ethereum Trust (ETHE) has not recorded new capital inflows, indicating caution from institutional investors.
Dogecoin $DOGE surged 9%, with open interest (OI) rising 64%, reflecting increased interest from short-term investors.
XRP is expected to rise to $3 in the near future, with some optimistic analysts predicting a price of $100 in the long term.
🏦 Business & organizational news
Metaplanet reports its best Q1/2025 business results in history, thanks to its strategy of accumulating Bitcoin in its treasury.
Bitfarms reports Q1 revenue of $67 million, up 33% year-over-year, despite mining margins decreasing from 63% to 43%.
GD Culture Group (GDC) plans to raise $300 million to invest in various cryptocurrencies, including the $TRUMP token related to former President Donald Trump.
🧑💼 Policy and personnel
The CFTC will have a commissioner take on the CEO position of the Blockchain Association lobbying organization, indicating a personnel shift from regulatory agencies to the cryptocurrency industry.
Brian Armstrong, CEO of Coinbase, predicts that cryptocurrency will become a part of Americans' 401(k) retirement plans, especially after Coinbase was included in the S&P 500 index.
⚠️ Security and legal events
Paris: A group of criminals attempted to kidnap the daughter of a cryptocurrency entrepreneur, but the victim escaped. The incident is under investigation by authorities.
Donald Trump faces criticism for leveraging cryptocurrency projects for personal gain, raising concerns about conflicts of interest and political influence.
📊 Capital flow and market sentiment
WisdomTree Bitcoin ETF did not record new capital inflows on May 14, indicating caution from institutional investors.
Dean Lidièn, an influential figure in the cryptocurrency community, shares an optimistic view of the market, contributing to positive sentiment.