Bitcoin is facing the possibility of a technical correction before establishing a new historical peak
For most of the past week, the price of Bitcoin (BTC) has been constrained below the $104,000–$105,000 range, which many analysts view as an important technical barrier. However, from another perspective, this trend may simply be an accumulation phase in a bull flag pattern – a typical continuation pattern following a strong rally. A bull flag pattern typically forms when the price temporarily moves sideways or slightly corrects while the market "rests" after a breakout. When the price breaks above the resistance line of the pattern, the upward trend is often extended with stronger momentum.
3 factors that will determine the future price of AVAX after usage volume surges by 221%
Avalanche (AVAX) just recorded a 5.8% decrease in the past 24 hours, bringing the price down to $22.43. Although selling pressure is increasing, technical analyses show that AVAX still has the potential to reverse and bounce back if it can surpass the current resistance level. However, even though market sentiment remains tilted positively, outflows from AVAX are gradually increasing – a sign that sellers are still active.
Meme coin ‘Kekius Maximus’ explodes after Elon Musk changes name on X
On Friday, the meme coin market witnessed explosive growth when Elon Musk unexpectedly changed his display name on his X account to 'Kekius Maximus.'
According to data from Tạp Chí Bitcoin, a token named Kekius Maximus ($KEKIUS) skyrocketed over 1,700% in less than six hours. Not only $KEKIUS, but other similarly named tokens also recorded impressive growth, ranging from two to three digits, thanks to a fresh wave of interest fueled by Musk's actions.
In the past 24 hours, the cryptocurrency market has witnessed a wave of active trading, clearly reflecting a positive shift in investor sentiment. This excitement is evidenced by an impressive increase of over $221 billion in total market capitalization. In the context of widespread buying pressure, names like SAROS, MOODENG, and PEPE are becoming the center of attention, continuously making it onto the list of most sought-after assets of the day.
Raoul Pal says BTC.D may have peaked – Is the Altcoin season coming?
The crypto market is entering a vibrant phase as Bitcoin officially surpasses $100,000 on May 8, marking the highest price since early February 2025. This significant milestone has added nearly $300 billion to the total market capitalization, while also triggering a lively debate about Bitcoin's next trend as well as the breakout prospects of various altcoins. "Banana Zone" activated?
Institutional Capital Dominates Bitcoin Exchange Inflows, Long-Term Holders Remain Passive
Over the past month, Bitcoin inflows to exchanges have almost entirely come from recently moved supply, indicating very limited participation from long-term holders. According to data from CryptoQuant, nearly 75% of the Bitcoin deposited on exchanges each day consists of coins that have just moved within the last 24 hours, reflecting high-frequency repositioning activity rather than strategic distribution. This pattern indicates that short-term selling pressure primarily comes from professional institutions – such as trading desks or market makers – executing liquidity rotations or inventory management, rather than from panic or large-scale profit-taking by long-term investors.
Pi Network ranks in the Top 6 of the most preferred applications in Finland
In an era where Instagram, TikTok, and Facebook dominate every phone screen, a surprising event just took place in Finland. The Pi Network application has risen to the 6th position in the ranking of top free social applications. Notably, Pi Network is not an ordinary social networking application. So what has made Pi Network attract such strong attention?
Metaplanet reaches the milestone of 5,555 Bitcoin after the latest purchase of 555 BTC
Metaplanet, one of the leading listed companies in Tokyo, has just announced the purchase of an additional 555 Bitcoin, strengthening its position in the digital asset accumulation strategy. With this latest transaction, the total number of Bitcoin held by the company has reached 5,555 BTC, equivalent to over 536 million USD at current market prices. In a statement on May 7, Metaplanet announced that they spent 53.4 million USD to purchase 555 Bitcoin, with an average price of 96,134 USD. According to CEO Simon Gerovich, the total number of Bitcoin owned by the company was acquired at a cost of 481.5 million USD, corresponding to an average price of 86,672 USD.
Standard Chartered predicts BNB will double this year
Asset management company Standard Chartered predicts that the price of BNB, the ecosystem token of Binance, could double this year. According to the research report, this asset management company expects the price of BNB to rise to about $1,275 per token by the end of 2025 and up to $2,775 by the end of 2028. According to data from Bitcoin Magazine, as of May 6, BNB was trading at nearly $60, with a fully diluted market cap (FDV) of about $85 billion.
Crypto venture capital funds struggle as startups attract strong capital in 2025
Despite the resurgence of fundraising activities in crypto projects, many venture capital (VC) funds in this sector are facing significant downsizing and large-scale mergers. According to data from DefiLlama, in just the first quarter of 2025, crypto startups raised $5.85 billion – equivalent to nearly 61% of the total capital raised for the entire year of 2024. However, Tom Dunleavy – Director of Venture Capital at Varys Capital – stated that the number of funds actually disbursing is sharply declining, and many funds established during the previous bull cycle are no longer actively participating. He calls this a period of "mass purging" in the crypto venture capital industry, where many funds are out of capital but still operate in name – also known as "defaulting in the shadows."
Gold's advance towards $5,000 an ounce has become a major topic among hard asset speculators, including Yardeni's research director, Ed Yardeni, and billionaire investor John Paulson. But what could happen to Bitcoin (BTC), which many consider to be 'digital gold', if this precious metal rises further? BTC records growth six times that of gold
The SEC's Next Cryptocurrency Roundtable Will Discuss RWA Tokenization
The Cryptocurrency Task Force of the U.S. Securities and Exchange Commission (SEC) has just announced the agenda for the next roundtable discussion, focusing on the topic of asset tokenization. The program is designed in two main parts, expected to focus on real-world assets (RWAs) and general financial instruments. Earlier, in March, the SEC announced that this discussion would focus on asset tokenization, but the current detailed agenda provides more specific information. The list of participating representatives includes many prestigious organizations and businesses.
Cathie Wood: “Surprising things are about to happen”, the market is transforming
CEO Cathie Wood of ARK Invest believes that the financial market is approaching a positive turning point amid a rapidly changing macro environment. In her latest update video on her YouTube channel, she stated that the market is gradually shedding three major burdens: high interest rates, capital concentration, and high valuations. “We are really excited about how the market is starting to break free from three obstacles: interest rates, market contraction, and valuation. The market is set to have some significant bullish surprises. Although many strategists and economists are concerned that we are heading towards a recession, we will discuss more about the recovery dynamics driven by productivity signaling the end of the ongoing recession. We will have a clearer picture by this time next month.”
MYX Finance will launch the sale of MYX tokens on Binance wallet
MYX Finance will kick off the sale of $MYX tokens tomorrow, May 6th at 15:00 Vietnam time, through the Binance wallet. The allocation of $MYX will be done according to the proportional ratio between the number of registered users and the total amount deposited during the registration period.
Details of the sale:
Registration limit per person: 3 BNB (equivalent to about 1,776 USD)
Distribution schedule: Receive 100% of tokens at the time of TGE (Token Generation Event)
MYX Finance is a decentralized derivatives exchange that applies smart interest mechanisms and risk hedging to ensure the stability of the protocol. The project has raised 10 million USD from investors such as ConsenSys, Linea, GSR, and others.
5 signals indicating that Bitcoin is set for the strongest bullish setup since 2020
On May 3, 2025, analysts at the financial services company Swan made notable comments about the potential for a strong price increase of Bitcoin in the near future. According to them, this could be the strongest bullish context for Bitcoin since 2020. The analyses and data presented not only clarify the current trend but also highlight the exceptional potential of this cryptocurrency in a globally fluctuating economic context.
Is Sonic worth investing in right now after rising nearly 7% this month?
Sonic (S) has increased nearly 7% over the past month and nearly 13% in 14 days. This upward movement is likely to continue if the market maintains its optimistic momentum. However, a significant threat remains. Sonic leads major blockchains in market activity Market sentiment is gradually leaning in favor of Sonic (S), as a series of signals indicate strong buying power is increasing. Growing interest from investors is clearly reflected in the surge of active wallets recently.
Is the legal battle between Ripple and the SEC coming to a close on Thursday?
After more than three years of legal wrangling, Ripple and the U.S. Securities and Exchange Commission (SEC) seem to be nearing the end of this historic battle. Rumors are swirling that everything will come to a head this Thursday. But is that true or just a wave of expectations pushed too far? Let's break down the key facts and find out what is real and what is fake in this high-profile lawsuit.
Bitcoin price will rise before the liquidity conflict at the $96,000 mark
Bitcoin continues to hover around the $95,000 mark on April 30 as volatility is still 'waiting for an opportunity'.
BTC price chart 4 hours | Source: TradingView Bitcoin enjoys peace before the storm Data from TradingView shows that the trading market is quite calm with only a few hours left until the month closes and the announcement of important macroeconomic data from the US. This data includes Q1 GDP and the Personal Consumption Expenditures (PCE) index for March – considered the Federal Reserve's (Fed) 'preferred' inflation measure.
Whales accumulate 420 million ADA even as breakout fails
Cardano (ADA) is struggling to break through a significant barrier, despite receiving support from major investors and improving market conditions. ADA price remains below key resistance levels, but with whales accumulating large amounts, the breakout potential for this altcoin looks promising. If market conditions continue to be favorable, Cardano may witness a positive shift in price momentum.
Changpeng Zhao: “99.99% of current AI Agent tokens are useless”
At the Token2049 event held in Dubai, Changpeng Zhao (CZ) – founder and former CEO of Binance – openly shared his thoughts on the trend of integrating artificial intelligence (AI) into the blockchain and crypto fields. During the discussion, he expressed concerns that most current AI projects linked to tokens lack practical value, while also warning investors to be cautious about this wave.