Do you all not dare to go long on this market $ETH ? This is a money-making market, and such opportunities are becoming rare. Hesitation will lead to defeat. Congratulations to this fan for making a profit this morning. Drop 666 in the comments to hop on #大饼要领涨 .
$ETH $WLD Eating meat, eating meat, yesterday we ambushed into the market at 1.22 with a current increase of 25%, still holding on. Personally, I have been paying close attention to this token, and it is estimated to reach 2 dollars within the next half month. Currently, in a bull market, everyone should stop waiting. If you can't trade contracts, just buy spot. If you don't understand spot, how can you buy contracts? In a bull market, spot earns more than contracts. I have always been optimistic about the future trend of the AI sector. Which AI sector tokens have you ambushed? FET, RENDER, AI #比特币突破11万美元
$ETH Last night's big drop really provided an opportunity to go long! This female fan contacted me a few days ago, asking me to help her recover her losses. Last night, I informed this fan to go long at 2475, directly with a 100x leverage of 1500u, and today she profited over 10,000u! She must be so happy today! What about you? Did you take advantage of last night's low to go long on Ethereum? Tonight, let's continue to open positions! Leave a comment '88' in the comment section if you're on board! #大饼要领涨
Family! We made a fortune! After the Ethereum crash to #ETH at around 1 AM last night, I bought Ethereum at 2475 with $ETH . I woke up and made more than 10,000 U! So exciting! #特朗普晚宴
Bitcoin hits a new all-time high, Trump sends his congratulations In the early hours of today, according to OKX market data, BTC price once surged past $110,000, with a 24-hour increase of nearly 3%. This also means that Bitcoin has lived up to expectations, reaching a historical high after 4 months. Meanwhile, Ethereum briefly surpassed $2,600, currently reported at $2,580, with a 24-hour increase of 5.04%; SOL broke through $175, currently reported at $174.8, with a 24-hour increase of 3.60%. According to the latest data from MarketCap, Bitcoin's market value has returned above $2.1 trillion, currently reaching $2.166 trillion, surpassing the e-commerce giant Amazon, and rising to fifth place in the global asset market capitalization ranking. In terms of derivatives trading, Coinglass data shows that in the past 24 hours, the total liquidation across the network was $402 million, of which long positions accounted for $189 million and short positions $213 million. By cryptocurrency, BTC had liquidations of $147 million, and ETH had liquidations of $111 million.
Trump Crypto Dinner: Average Spending Exceeds One Million Dollars, Surprisingly, 70% of Attendees Are Not Americans? On Thursday local time, over 200 wealthy, mostly anonymous crypto individuals will head to Washington to dine with U.S. President Donald Trump. According to data analysis from blockchain analytics firm Nansen, the cost of entry is steep, with these 'winners' spending anywhere from $55,000 to $37.7 million on Trump's official cryptocurrency token $TRUMP. The dinner organizers determined eligibility for seats based on how many $TRUMP tokens were held at specific points in time. Nansen found that these 'winners' collectively spent $394 million on Trump's official cryptocurrency, though some sold part or all of their holdings after the competition ended. Of course, the spending varied greatly: the top seven spent over $10 million each, while the bottom 24 spent less than $100,000 each. Research shows that one-third (67 individuals) of the 'winners' spent over $1 million, with an average spend of $1,788,994.42 per 'winner'. The highest spender has been identified as crypto entrepreneur Justin Sun, who told Forbes in March that he has become a citizen of the Caribbean nation of St. Kitts and Nevis. Justin Sun was sued by the U.S. Securities and Exchange Commission (SEC), but the case has been paused during Trump's administration. The identities of most other competition winners remain undisclosed, known only through their pseudonyms and cryptocurrency wallet addresses. However, independent crypto researcher Molly White analyzed that most attendees appear to be foreign nationals. Molly White tracked the transactions of each winning wallet across different cryptocurrency exchanges and noted that the holders seem to have used exchanges not legally permitted for U.S. citizens. Molly White told NBC News that among the 220 wallets associated with the bidding winners, 158 (72%) appeared to be foreign wallets.
The man who bought pizza for 10,000 Bitcoins, Laszlo: Never regretted it, felt like he won the internet that day. On May 18, 2010, at 12:35, a user with the ID of Laszlo posted a bounty on the Bitcoin forum, willing to exchange 10,000 Bitcoins for two large pizzas. The seller could make them himself or order takeout for him, and he detailed his taste preferences in the post. Earlier, on April 16, he had joined the forum Bitcoin Talk Forum initiated by Bitcoin's founder Satoshi Nakamoto. Bitcoin had only just emerged in 2010, and people were still relatively unfamiliar with this so-called 'digital cryptocurrency' existing on the internet, and the concept of trading it had not yet formed. Therefore, the post did not immediately attract much attention, with only a few users expressing willingness to buy him pizza, but transactions could not be completed due to the seller not being in the U.S. At that time, 10,000 Bitcoins were worth about $30, which made Laszlo doubt whether he had offered too little. It wasn't until four days later, on May 22, that Laszlo replied on the forum that he had successfully bought pizza and shared a photo of it. May 22 thus became known as 'Bitcoin Pizza Day.' The historical significance of this transaction is that it was the first transaction in Bitcoin's history, marking the moment Bitcoin gained trading functionality as a currency, rather than just being stored online. Of course, this first offline transaction with Bitcoin was also somewhat experimental, testing whether Bitcoin indeed had real-world 'currency' functionality. According to an interview with Laszlo by Bitcoin Magazine in 2019, when asked why he did this, Laszlo stated, 'I wanted to use Bitcoin to buy pizza because, for me, it was free pizza. I mean, I created this thing and mined the Bitcoins, and I felt like I won the internet that day — I earned pizza by contributing to an open-source project. Usually, hobbies cost time and money, but in this case, my hobby bought me dinner.'
Contract Position Management ETH position allocation is calculated by quantity! For 1000u principal, the maximum position cannot exceed 5 For 3000u principal, the maximum position cannot exceed 10 For 5000u principal, the maximum position cannot exceed 20 For 10000u principal, the maximum position cannot exceed 30 For 30000u principal, the maximum position cannot exceed 50 For 50000u principal, the maximum position cannot exceed 100 BTC position allocation is calculated by quantity! For 1000u principal, the maximum position cannot exceed 0.5 For 3000u principal, the maximum position cannot exceed 1 For 5000u principal, the maximum position cannot exceed 2 For 10000u principal, the maximum position cannot exceed 3 For 30000u principal, the maximum position cannot exceed 5 For 50000u principal, the maximum position cannot exceed 10 Contracts are actually the same as spot trading; the initial principal for each trade is the same, and the number of orders placed each time is the same. Take profits when you should, cut losses when you should, and treat yourself like a trading machine! In the end, K will conquer you with strength! Lastly, let me share a few personal suggestions for successful trading. First: Technical analysis, including technical indicators, candlestick patterns, trading volume. Judging trends, distinguishing bull and bear markets, identifying entry and exit points, assessing support and resistance, and utilizing price-volume-time-space, etc. This varies from person to person; some people don't understand or are not interested in technicals, so there’s nothing to be done. Second: Fundamental analysis, including relevant macroeconomics, policies, regulations, and the project itself. Third: News sentiment, taking action under favorable conditions regarding news and fundamentals. Fourth: Time cycles, intraday short-term, medium-short-term, medium-long-term, long-term (trend trading), confirming the trading cycle to achieve consistency in operational cycles. For example, in long-term trading, avoid frequent short-term buying and selling. When trading long-term trends, intermediate adjustments and fluctuations are acceptable as long as there is enough room, and it involves mainstream cryptocurrencies, as prices will rise again. Fifth: Mental control, remember not to fidget, implement your plan once it's made, don’t back down. Sixth: Strict stop-loss, stop-loss is the worst-case scenario. When the market reverses, and it's time to stop-loss and escape the peak, do not hesitate.
Six Basic Principles of Position Management: First: Do not operate with full positions; always maintain a certain proportion of backup funds: Second: Buy and sell in batches to reduce risk, average costs, and amplify returns. The advantage of buying in batches when the price goes down and selling in batches when the price goes up is that your average price is lower than others, leading to higher returns. Third: When the market is weak, hold light positions; in a bear market, it's best not to exceed half a position. In a strong market, you can hold heavier positions; in a bull market, it's advisable to limit positions to 80%, keeping 20% for short-term trades or backup funds to deal with unexpected events. Fourth: Adjust positions accordingly as market conditions change; appropriately increase or decrease positions. Fifth: When the market is sluggish, you can temporarily hold no positions and wait for opportunities to arise. Sixth: Position exchange: retain strong currencies and sell weak currencies. Now let’s talk about the method of position management, which is batch operations. Batch operations refer to dividing the invested funds into segments, engaging in batch building, increasing, or decreasing positions. Batch operations can be completed in one day or over a period of time. Why engage in these actions? Because the cryptocurrency market is unpredictable, with significant probabilities of both rises and falls, and no one can accurately predict short-term price fluctuations, so it's important to reserve enough funds to respond to unpredictable volatility. If you operate with a full position without enough certainty, any reversal in market conditions can lead to substantial losses. Therefore, using a batch approach can reduce the risks of full investment, average costs, and is fundamental to reducing costs and amplifying returns. Next, let’s talk about how to batch: there are equal batching and unequal batching. First: Equal distribution, also known as rectangular trading method, refers to dividing funds into several equal parts, buying or selling in succession, with the same proportion of funds for each buy or sell. Typically, 3 or 4 equal parts are used. For example, first buy 30%; if you start to make a profit, buy another 30%; if there is no profit, temporarily refrain from investing new funds. When the price of the cryptocurrency reaches a certain high point or the market changes, reduce positions in batches and sell. Second: Unequal distribution refers to buying or selling funds in different proportions, such as 1:3:5, 1:2:3:4, 3:2:3, etc. The shapes formed by the ratios are categorized as diamond, rectangular, hourglass shapes, etc., with the pyramid trading method being commonly used.
How much do you know about the big names in the crypto world?
1. Satoshi Nakamoto: The founder of Bitcoin, the most mysterious person.
2. Vitalik Buterin: A genius youth, the founder of Ethereum, the creator of the blockchain 2.0 era.
3. BM: Founder of BTS and EOS, EOS is considered blockchain 3.0.
4. Li Xiaolai and Wu Jihan are on par. Li Xiaolai: Claims to be China's Bitcoin billionaire and co-founder of Coin Capital. Wu Jihan: Founder of Bitmain, overseeing the most powerful computing power.
5. Shen Bo: Partner at Distributed Capital, original founding team of BitShares.
6. Yi Yuan Bao YYBC partners: Dominating global art assets worth at least tens of trillions and hundreds of thousands of tokens on the blockchain.
7. Da Hongfei: CEO of Onchain.
8. Shuai Chu: Founder and CEO of Quantum Chain.
9. Han Feng: Founder of Yilaiyun.
10. Bao Er Ye: If Bitcoin does not reach 1 million USD in my lifetime, I will live stream eating jj. Founder of Bitcoin God, opinion leader.
11. He Yi: The first sister of the crypto world, co-founder of OKCoin and Binance, former host of Travel TV.
12. King of Chaos: Founder of Blockchain Chalk, has translated a large number of blockchain materials, founder of CYBEX.
13. Lao Mao: Co-founder of Coin Capital, CEO of Bigone.
14. Yang Yang: Founder of Yangyang Interviews, wife of Bao Er Ye.
15. Zhao Changpeng: Founder and CEO of Binance.
16. Zhou Shuoji: Founder of FBG Capital.
17. Xu Mingxing: Founder of OK.
18. Mars Man: Founder of Braised Pork.
19. Roger Ver: Bitcoin Jesus, Bitcoin angel investor.
20. Li Lin: Founder of Huobi.
21. Lü Xujun: CEO of Wanwei Chain.
22. Tan Guopeng: Columnist for 8BTC, founder of Bit宝.
23. Huang Lianjin: Expert at Huawei Blockchain Lab.
24. Chu Xiahu: CEO of Yuanjie, Chairman of Yuanjie Foundation.
25. Chang Jia: Founder of 8BTC, founder of Bytom.
26. Li Qiwei: Founder of Litecoin, CEO of Li Bit Pool.
27. Zhu Jiawei: Chief Operating Officer of Huobi, previously worked at Oracle before joining Huobi.
28. He Bin: Founder of imToken.
29. Du Jun: Founder of Jinse Finance.
30. Zhao Dong: Founder of Dfund, shareholder of Bitfinex.
31. Zhao Guofeng: Founder of Bitcoin World, Bitcoin enthusiast, Southeast Asia investment entrepreneur.
32. Xue Manzi: Well-known angel investor, entered the crypto world strongly last year.
What is the most tragic thing you have heard in the cryptocurrency world? Last November, a friend of mine was trading contracts, starting with a principal of 500,000 and going long at 5 times leverage. At the peak, his account reached 4,300,000, and after deducting fees and some from hedging with spot trading, it was a total return of 851%. If it were you at that moment, what would you do? Most people would have already cashed out, but he didn’t. His wife said there was a small dip in the middle, he didn’t stop-loss, and then it rebounded. At that time, the contract account's profit had already exceeded 900%. There were too many people shorting, and he didn’t pay attention. Later, it dropped a bit, and he still didn’t choose to stop-loss. His wife said that when it hit 430, he called her over with a slightly trembling voice to tell her about the situation, but he wasn’t particularly excited; instead, he just stared at the screen, incredibly calm. Because with contracts, he had previously made almost 3,000,000 at the peak and then gradually lost it all. Having seen many ups and downs, he remained extraordinarily calm when faced with this situation. He firmly believed it would reach 500, wanting to wait until it passed 500 before cashing out. As a result... without hedging the contract position, a sharp needle came down mercilessly... The account was instantly left with just over 80,000, almost 90, and it was clearly too late to close the position... The outcome, as everyone knows, was tragic.
China's electricity generation is the highest in the world and has surplus, why can't it be used for Bitcoin mining? First, let's look at a macro fact: According to data released by the National Energy Administration in the first quarter of 2025, China's total electricity generation for the whole year of 2024 reached 9.4181 trillion kilowatt-hours, an increase of 4.6% year-on-year, accounting for about one-third of global electricity generation. What does this concept mean? The total annual electricity generation of the entire European Union is less than 70% of China's. This means that not only do we have electricity, but we are also in a state of both 'electricity surplus' and 'structural reconstruction'. Not only does China generate a lot of electricity, but the way it generates electricity has also changed. By the end of 2024, the total installed capacity nationwide reached 3.53 billion kilowatts, an increase of 14.6% year-on-year, with the proportion of clean energy further increasing. The newly installed photovoltaic capacity was about 140 million kilowatts, and newly installed wind power was 77 million kilowatts. In terms of proportion, in 2024, China's newly installed photovoltaic capacity accounted for 52% of the global total, and newly installed wind power accounted for 41%. In the global clean energy landscape, China is almost a 'dominant player'. This growth is no longer concentrated solely in traditional energy-rich provinces but is gradually tilting towards the northwest. Provinces such as Gansu, Xinjiang, Ningxia, and Qinghai have become 'new energy powerhouses', gradually transforming from 'resource-exporting regions' to 'main energy production forces'. To support this transformation, China has deployed a national-level new energy base plan in the 'Shage Desert' area: concentrating over 400 million kilowatts of wind and photovoltaic installed capacity in desert, Gobi, and barren areas, with the first batch of about 120 million kilowatts already included in the '14th Five-Year Plan'. In summary: China now lacks electricity; what is lacking is 'adjustable electricity', 'consumable electricity', and 'profitable electricity'.
Igniting the AI Narrative for Ethereum 1. Overview of Metis Hyperion Metis is an Ethereum L2 ecosystem based on Optimistic Rollup, which early on launched the Andromeda mainnet. Compared to other L2 networks, its biggest feature is the decentralized sequencer, which grants transaction ordering rights to community participants. In March 2025, Metis officially announced a dual-chain strategy: launching the high-performance Hyperion chain based on the existing general-purpose chain Andromeda. The former is positioned as a secure and reliable general L2, while the latter focuses on high-frequency, high-throughput, and AI-driven application scenarios. Hyperion is built on top of the Metis SDK, with its core being the new MetisVM virtual machine (compatible with EVM to support AI-optimized instructions), aiming to optimize scalability and decentralization while significantly enhancing transaction efficiency. According to Metis' official introduction, Hyperion is committed to creating a “high-performance, AI-native” L2 network that can achieve near millisecond transaction confirmations and ultra-high transaction throughput, making AI-native applications (such as on-chain LLM inference and decentralized AI agents) possible. Overall, Metis, through its dual-chain architecture, emphasizes security and decentralization with Andromeda and high performance and AI applications with Hyperion, providing complementary support for different application scenarios. From a broader perspective, Metis' development path can be summarized in two points: First, continuously improving its core L2 infrastructure, such as incorporating real-time data availability migration and fraud proof mechanisms in the Andromeda upgrade in May 2025, making it the industry's first “truly decentralized” Layer 2; second, moving towards modularity and multi-chain interoperability, reducing development thresholds through the Metis SDK and promoting multi-chain ecosystem development. The launch of Hyperion has, to some extent, reshaped the value logic of the METIS token: transforming Metis from just an L2 into a “multi-chain infrastructure + AI dedicated
1 AI ecological closed-loop trio: SDK, Hyperion, LazAI As an Optimistic Rollup, Hyperion inherits the security model of Metis and the Optimism system while making updates mainly in parallel computing, data availability, and the degree of decentralization, with its primary optimization direction being AI and high-frequency application scenarios. Specifically, Metis combines Metis SDK + Hyperion + LazAI.
Bitcoin Approaches New Highs, How Do Traders View It?
Driven by regulatory breakthroughs, structural capital inflows, and a recovery in market confidence, Bitcoin is once again approaching its historical highs. With the progress of the 'GENIUS Stablecoin Act' to the final voting stage in the Senate, a channel for hundreds of billions of dollars to flow into the crypto market is about to open. The U.S. SEC has also simultaneously initiated a new round of crypto regulation drafting, releasing unprecedentedly friendly policy signals.
Meanwhile, on-chain data shows that Bitcoin's illiquid supply has reached new highs, with chips steadily migrating from short-term speculators to long-term holders. Spot ETFs continue to attract capital, and funding rates are running at low levels, indicating that this round of price increases is not overheated, but rather driven by institutional buying and structural tightening.
Bitcoin is moving away from early speculative logic, entering a more mature, stable, and capital-driven new cycle. While market sentiment remains restrained and volatility has yet to expand, traders and institutions have differing views on new highs. BlockBeats has compiled this information for readers' reference.
BTC's current total network position is finally nearing historical highs! There is still a potential increase of 2.9 billion dollars from the previous position of 69.568 billion dollars when the price broke new highs; The current price is only 2000 dollars away from breaking new highs, so even if driven entirely by futures, it may not necessarily lead to a 2.9 billion dollar increase in position, meaning it is difficult to form a divergence between position and price here; If the price experiences a pullback, and after the pullback the position begins to gradually increase or even exceed historical highs, then a position divergence could occur. Such large structural bull-top divergences were seen at the end of 2021.
So the current logic is simple: when the position breaks new highs before the price does, it indicates that the market is still not experiencing excessive FOMO, which is very healthy! And if the position breaks new highs before the price does, it indicates that speculative sentiment is too strong, making it easy for a liquidation of positions to occur.
BTC reserves are being realized, the king of holding coins in Asia, Metaplanet's stock price has doubled in a month On May 20, the stock price of Japanese listed company Metaplanet soared past 780 yen, with a single-day increase of 14.6%, and doubled in the past month. The company's CEO, Simon Gerovich, revealed that Metaplanet has become one of the most shorted stocks in the Japanese market. This situation inevitably brings to mind the American company Strategy (formerly MicroStrategy), which was the first to include Bitcoin on its corporate balance sheet. This decision not only brought financial success to itself but also triggered a wave of traditional enterprises embracing crypto assets worldwide. However, as its market value rose, Strategy also became a key target for short sellers. Now, Metaplanet seems to be replaying this script of bullish and bearish confrontation, writing its own legend driven by a Bitcoin strategy. Metaplanet: Financial breakthrough under Bitcoin strategy The reason Metaplanet boldly established Bitcoin as a core treasury asset is by no means an impulsive decision. Behind this is a deep understanding and forward-looking judgment of the increasingly complex global financial environment. As a local Japanese company, Metaplanet is facing the dual dilemma of continued yen depreciation and long-term coexistence with ultra-low interest rates, making it difficult for traditional assets to achieve effective preservation and appreciation in this context. Bitcoin, with its scarcity, decentralization, and resistance to censorship, has become a powerful hedging tool—not only to hedge against inflation but also to combat the uncertainty of monetary policy. Starting in 2024, with the assistance of Sora Ventures, Metaplanet began to continuously buy Bitcoin through stock issuance and bond financing, becoming Japan's first publicly listed company to hold a large amount of Bitcoin. This not only marks its firm step towards the global crypto economy but also sets a groundbreaking example for Japanese companies in the field of digital assets. Metaplanet's financial report for the first quarter of 2025 fully confirms the effectiveness of this strategy. The report shows that the company's revenue reached 6.139 million USD, a quarter-on-quarter increase of 8%, and a year-on-year surge of 943%; net profit reached 4.151 million USD, with a quarter-on-quarter increase of 11%. Among them, 88% of the profit comes from Bitcoin options trading, highlighting that crypto assets have become the backbone of its income structure.
Once the price breaks above $110,000, Bitcoin will be ready to 'evaporate'. A Bitcoin trader stated that if BTC bulls successfully liquidate $3 billion in short positions, 'price discovery' will be 'within reach'. If Bitcoin closes above $102,400 at the end of the month, it will set a record for the highest monthly close in history, proving that the bull market is still rapidly advancing. More than $3 billion in Bitcoin short positions exist above $107,000, which will create a 'liquidation magnet' that could push BTC prices to new highs. Bitcoin BTC $106,489 11 days away from setting a record for the highest monthly close in history. Following a weekly close record of $106,407 on May 18, BTC's closing price this month has surpassed $102,400, potentially setting a new monthly high. As cryptocurrency trader Jelle pointed out, given the current market trend, Bitcoin is just a step away from the 'price discovery' phase. Price discovery here refers to the process of interaction between buyers and sellers in undefined or untraded ranges to determine the market price of an asset. Breaking through Bitcoin's historical high of $110,000 will initiate the price discovery phase, pushing Bitcoin into an unknown trading range, continually setting new highs until market participants establish a new balance between supply and demand. Cointelegraph reported that Bitcoin's daily chart is about to confirm a 'golden cross', which historically typically signals a price increase of 45% to 60%. This trend aligns with the possibility of Bitcoin setting new highs this month. If the monthly closing price approaches $110,000, it would imply that Bitcoin will rise 15% to 17% in May, marking the strongest performance for May since 2019. This would greatly exceed the historical average monthly return rate of 8% for that month. Bitcoin researcher Axel Adler Jr. pointed out a key technical pattern in Bitcoin's current bull market cycle, noting that three 'compression' phenomena—periods of tightening price ranges—have recently occurred, measured by the highest/lowest prices rolling over within 180 days. Charts show that this compression typically signals an imminent breakout, as evidenced by Bitcoin's surge from $1,000 to $20,000 in 2017, which set a historical precedent.
Bitcoin (BTC) faces strong resistance at $107,000, altcoins fall sharply (Market Observations) The price of Bitcoin began to rise sharply on Sunday night but then saw a severe pullback, dropping nearly $5,000 within a few hours. Many altcoins also followed suit, with significant declines in SOL, ADA, AVAX, SHIB, and others. BTC halted at $106,000 Last Monday was also quite a turbulent day for BTC, as its price rose to nearly $106,000 for the first time since the end of January, before falling below $101,000 within a few hours. However, bulls successfully kept the BTC price in the six-figure range and began to rebound, eventually pushing BTC prices back into a narrow range between $103,000 and $105,000. Most of this week, BTC prices have hovered between these two ranges, and the weekend began with a subdued tone as is usually the case. However, the situation changed suddenly on Sunday night, as bulls launched an unexpected rebound that briefly pushed Bitcoin up to $106,000, before leveling off, but then a stronger rally ensued pushing it above $107,000, reaching a several-month high. Subsequently, Bitcoin faced another pullback, plummeting about $5,000 within a few hours to just above $102,000. Since then, Bitcoin has regained some ground and is currently above $103,000, with a market cap back to $2.05 trillion. After dropping below 59.5% last week, its dominance over altcoins has surged to nearly 61% on CG. Ethereum recently soared above $2,700, but its upward momentum was hindered in the following days and continued to decline. Its current trading price is $2,400, down 4.5% for the day. Ripple (XRP) is down 3% today, currently sitting around the key support level of $2.3. Cryptocurrencies like SOL, AVAX, SHIB, TAO, KAS, DOT have seen even larger declines, with drops of 6-7%. WIF saw the largest decline among the top 100 altcoins, followed by ENA, IMX, JUP, MRK, and others. The total market capitalization of cryptocurrencies has shrunk by about $70 billion, dropping to $3.36 trillion on CG.
Bitcoin recovers from a decline to $102,000, AAVE surges over 20% (Market Watch) Bitcoin's volatility began on Sunday evening, doubling down on Monday with a drop that saw it fall to $107,000, followed by a decline of over $5,000, then recovering back to nearly $107,000, before retreating slightly in the past few hours. Many altcoins have seen notable daily gains, including ETH, which has surpassed $2,500. By the end of last workweek, bearish sentiment seemed to dominate, as they pushed Bitcoin's price below $102,000 on Thursday. However, the asset's price quickly rebounded, soaring above $103,000 on Friday, and spent most of the weekend consolidating around that level. However, on Sunday evening, the cryptocurrency started to rise, briefly hitting $106,000. The price dipped below $103,500, but bulls initiated a stronger price increase in the following hours, allowing Bitcoin to break above $107,000 for the first time since last January. Just as Bitcoin approached its historical high, the market dynamics shifted again, and the price fell to $102,000. However, this was not the end of Bitcoin's wild fluctuations; it surged again, this time reaching a more moderate peak of $106,600, only to stall again, yet it remains above $105,000 as of now. Its market capitalization on the CG platform is nearing $2.09 trillion, with its dominance over altcoins at 60.7%. Many altcoins have erased yesterday's losses. For example, Ethereum has rebounded above $2,500 after a daily increase of 5.5%. XRP has held its critical support level, currently at $2.35. SOL, TRX, SUI, LINK, AVAX, SHIB, HBAR, and TAO have all seen gains of up to 7%. However, AAVE stands out among larger cap altcoins. The asset has surged over 20% and is currently trading at $265. Since yesterday, the total market capitalization of cryptocurrencies has increased by nearly $100 billion, reaching $3.45 trillion on CG.