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PENGU, MOG, and BRETT are leading gains on Ethereum, Solana, and Base chains, with each targeting key resistance levels. Watch for breakouts or reversals.
Dogecoin price reclaimed $0.17 after a rally driven by US-China trade optimism. DOGE open interest hits $1.69B as bullish sentiment rises in derivatives markets. Inverse head and shoulders breakout suggests Dogecoin’s price may continue rising.
Bitcoin hits $100K, triggering whale sales of over 60,000 BTC amid strong bullish momentum. Over 3 million BTC return to profit as price nears $98K resistance zone. Arizona and New Hampshire pass bipartisan laws to build state-level Bitcoin reserves.
The funding package, totaling $300m, is expected to include $200m in equity and $100m in convertible debt, aimed at acquisitions and investments.
Open interest for XRP continues to increase as support for XRP gains momentum due to Ripple’s emerging rewards program, and the XRP price hits $2.22. XRP’s market cap hits $129.5B with higher trading volume and active participation on the ecosystem. Vaultro Finance launches on the XRP Ledger, offering growing utility for the blockchain beyond payments.
XRP's technical indicators suggest a new bull run may be on the horizon, with a break above key resistance and growing buying pressure signaling more potential upside.
AVAX sees 290 whale transactions in 24h, signaling steady institutional interest near $19 support zone. Daily active addresses on Avalanche exceed 250K, highest since May 2023. Over 11M AVAX face resistance between $27.38–$28.17, posing a key hurdle for further price gains.
- 07:48Analysis: The continuous expansion of the Bitcoin network and increasing demand will support Bitcoin prices to risePANews reported on May 13 that according to a chart released by Matrixport today, the security of the Bitcoin network is increasingly enhanced, mainly due to the rise in hash rate and the accumulation of Bitcoin by enterprises. As competition among miners intensifies, Bitcoin's hash rate continues to rise, with annual capital expenditure expected to reach $10 to $12 billion. This competition not only strengthens network security but also promotes diversification. Historical data shows that an increase in mining capital expenditure is usually associated with a rise in Bitcoin prices. On the other hand, corporate buyers like MicroStrategy are acquiring and holding Bitcoin, effectively reducing the circulating supply. This dynamic suggests that Bitcoin prices may need to rise until the hash rate peaks, a situation that has not yet occurred. Overall, these factors indicate that the Bitcoin network is continuously expanding, and demand is growing, both of which ultimately support the rise in Bitcoin prices.
- 07:4620 million XRP transferred from an unknown wallet to CEXAccording to on-chain data tracking service Whale Alert, around 2:46 UTC+8, 20,000,000 XRP (50,123,331 USD) were transferred from an unknown wallet to CEX.
- 07:44Market News: Trump Arrives in Saudi Arabia, Begins His Middle East TourMarket News: Trump arrives in Saudi Arabia, starting his Middle East tour.