🇺🇸Donald Trump: BTC eases pressure on the USDT dollar!
U.S. President Donald Trump stated at a press conference at the White House that Bitcoin helps ease the pressure on the U.S. dollar. Trump promised that the U.S. would become a leader in the development of digital assets to prevent China from dominating the market. Trump assured that, upon taking office, he contributed to the creation of an industry that became strategically significant for the country. According to the politician, the spread of cryptocurrencies in the U.S. has foreign policy implications: when there was no crypto industry in the U.S., cryptocurrencies were already actively used in China. Trump acknowledged that Bitcoin is increasingly being integrated into the domestic economy, as more people are using the first cryptocurrency for payments. Many retail outlets in the country have started accepting Bitcoin as payment for their goods and services:
On June 12, the price of the first cryptocurrency and Ethereum fell following reports of Israeli airstrikes on Iran. The escalation of the conflict has led to an outflow of investors from risky assets.
In the last 24 hours, bitcoin has fallen by 3.6%, dropping below the $104,000 level. At the time of writing, the asset is trading at $103,970.
Bitcoin (BTC) Price Forecast for May 23: Will the Bulls Regain Momentum Above $111,000?
The price of Bitcoin is consolidating around $111,100 after a strong rise from the $106,000 mark. Intraday indicators are showing a slowdown in the rate of growth, increasing the risk of a short-term pullback. A breakout above $111,800 could trigger further price increases for Bitcoin up to $114,000.
Bitcoin's price action has entered a consolidation phase after a steady upward push from the $102,000–$106,000 zone. The 4-hour chart shows that BTC is trading along the upper Bollinger Band, with the candles struggling to close decisively above $111,800. This zone marks the first major hurdle for Bitcoin's price jump after recovering $110,000.
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The cryptocurrency community is eagerly awaiting new data from the popular prediction market Polymarket, whose data shows a 55% probability of approval for the Cardano (ADA) ETF by the end of 2025. This is a significant jump in odds from 45% compared to the beginning of the year. The massive increase is indicative of growing confidence among traders that regulators may approve a spot ETF for ADA, as they have done for Bitcoin and Ethereum.
Analysts believe that several factors contribute to this optimism. Many regulatory bodies have become more receptive to investment products related to cryptocurrencies, especially after the success of spot ETFs on Bitcoin and Ethereum, which were approved in the U.S. last year. Additionally, institutional investors may be attracted to Cardano due to its strong fundamentals, such as the proof-of-stake blockchain and active development within its ecosystem.
Meanwhile, some analysts have warned investors not to raise their expectations too high. They argue that there are various factors that could still influence the decision of regulators before the ETF approval.
🔥 Bitcoin on the Path to 220,000: Gold Shows the Way
Bitcoin could very well reach $220,000 in 2025, according to forecasts based on comparisons with gold. Analysts are increasingly considering the correlation between the leading cryptocurrency and the precious metal, and the results look quite optimistic for holders of digital assets.
Democratic Senators Urge Investigation into Binance's Links with the Trump Family
Senate Democrats are demanding an investigation into the ties between Binance and the Trump family. The document mentions the exchange's use of the stablecoin USD1, issued by World Liberty Financial. Democratic Senators Chris Van Hollen and Elizabeth Warren have urged federal officials to clarify the details of the cryptocurrency exchange Binance's links to digital assets that may relate to the family of U.S. President Donald Trump. The document was also signed by Sheldon Whitehouse and Richard Blumenthal, Bloomberg reports.
Tim Draper: In 10 years, Bitcoin will replace the US dollar
Tim Draper's forecast sounds bold, but not entirely unexpected – he has long been known as a staunch supporter of Bitcoin's potential. The idea that Bitcoin could replace the US dollar within ten years seems ambitious, especially given the current regulatory hurdles and the dynamics of mass adoption. His prediction of Bitcoin rising above $250,000 by the end of this year aligns with his past forecasts, although many analysts view this with a degree of skepticism.
Strong Growth of Altcoins and Drop of USDT: The Market Enters Altseason
The cryptocurrency market is sending clear signals that the altseason, a period when altcoins significantly outperform Bitcoin in returns, may begin as early as May 2025. Both the technical picture and the sentiment of participants indicate a shift towards altcoins. Increasing signs point to capital flowing from BTC to the rest of the market.
The largest cryptocurrency exchange in the world, Binance, has announced its support for the upcoming Ethereum network upgrade scheduled for May 7. In an official statement on the exchange's website, it was mentioned that in preparation for the upgrade, Binance will temporarily suspend the deposit and withdrawal of digital assets on the Ethereum network starting from 06:00 UTC, as this is necessary to ensure a smooth transition of exchange services.
At the same time, trading of Ether and related assets will remain available to users throughout the entire upgrade period. Binance assured that the exchange will take care of all technical aspects related to this process to minimize inconvenience for users.
Additionally, the Binance team reminded users of the upcoming scheduled maintenance of wallets, which will affect several other networks, including Arbitrum, Optimism, and Polygon. In this regard, deposit and withdrawal of funds on these blockchains will be temporarily suspended on May 8 from 07:00 UTC.
Earlier, Binance announced the launch of a specialized tool, Fund Accounts, to simplify the administration of portfolio crypto investments.
The rise in Bitcoin prices a few days ago was driven by significant demand in the spot market, rather than speculation using borrowed funds, experts noted.
According to analysts, the average daily trading volume on centralized crypto exchanges increased by 51% — to $3.9 billion, which is a clear indicator of investor interest.
At the same time, K33 Research pointed out that they do not expect sharp fluctuations and a significant drop in Bitcoin's price in May, which is traditionally considered a weak month in terms of price dynamics.
Due to a combination of high market demand, a balanced situation in derivatives, and a favorable geopolitical backdrop, the first cryptocurrency may demonstrate new historical highs this summer, experts summarized.
Earlier, SkyBridge Capital founder Anthony Scaramucci stated that Bitcoin is undergoing a transformation, evolving from a technological object of speculative investment into a mature international asset comparable to gold.
According to the latest data, bitcoin (BTC) quotes have slightly risen over the past 24 hours. The digital coin gained 1.2% in value, trading around $103,500. A more significant increase was shown by ether (ETH), whose price jumped by 8.5% to $2,665. Quotes for Solana (SOL) and Dogecoin (DOGE) increased by 7% and 8.6%, respectively.
Abu Dhabi 🇦🇪 launches a major project with Agile Dynamics for quantum-safe blockchain!
• Abu Dhabi is working on a quantum-resistant level 1 blockchain infrastructure. • The project explores DeFi and foreign direct investment tokenization to improve digital trade and investment flows. • Agile Dynamics and expert partners are implementing secure post-quantum cryptographic systems.
29,532,534 XRP 🪙 were transferred in a matter of minutes: what is happening?
The company Whale Alert, which monitors the blockchain, has just detected a large transfer of 29,532,534 XRP to Coinbase, a major American cryptocurrency exchange, on May 12. This large transfer of XRP worth $73,380,255 occurs against the backdrop of a recent bull market seemingly coming to an end, as the prices of major cryptocurrencies return to the red zone after significant growth in previous days.
🐋Sentiment: Whales Accumulate Bitcoin While Small Investors Sell
Whales vs. Retail Traders Bitcoin wallet owners with balances between 10 and 10,000 BTC have accumulated an impressive 81,338 bitcoins over the past six weeks, beginning March 26. This represents a 0.61% increase in the group’s total holdings. According to Santiment, this dynamic could herald a retest of the psychologically important $100,000 mark in the near future.
Ethereum has risen by 20% in the last 24 hours, reclaiming key EMAs and sparking new excitement in the market. Mixed on-chain signals indicate short-term caution but long-term accumulation and optimistic intentions. The TOTAL2 chart shows bullish momentum but is approaching resistance and overbought levels. $ETH
🔥Top Analyst: These 14 Altcoins Could Be the Driving Force of the Crypto Rally in May 2025
• Ethereum is demonstrating significant institutional purchases, enhancing its role as a store of value. • XRP was used in a $50 million pharmaceutical deal for instant payments to suppliers. • Solana, Sui, and Supra are competing for the title of the next leading blockchain platform.