Market indicators suggest a potential altcoin season with key signals aligning. Bitcoin's dominance decreases, boosting altcoin interest in the market. Continue Reading: Altcoin Season Surges with Critical Signals Aligning for a Bull Run The post Altcoin Season Surges with Critical Signals Aligning for a Bull Run appeared first on COINTURK NEWS .
Bitcoin ‘s ( BTC ) rally past $103,000 is drawing renewed attention from investors, and veteran trends forecaster Gerald Celente is doubling down on his long-standing bullish position. In a recent YouTube broadcast , Celente, the founder of The Trends Journal , emphasized that the surge is being fueled not just by technical momentum, but also by deepening political alignment. “Everyone knows that we’ve been bullish on Bitcoin because the Trump team is all in the Bitcoin cryptocurrency field,” he said. “The prices are going to go up. All they’re interested in doing is making money.” Bitcoin is currently trading at $103,513, up 23% in the last month and more than 50% over the past year. The breakout past the six-figure threshold is not just a psychological milestone, it also signals broader macro conviction in Bitcoin’s role as a store of value, especially as global markets reassess risk and policy direction. Earlier this year, Celente pointed to the role of campaign financing in shaping Bitcoin’s trajectory. “ The Trump gang… gave him a lot of crypto . The crypto people gave him a lot of dough,” he stated in a prior episode of his show, suggesting that institutional players may be leveraging political alliances to create favorable regulatory headwinds. Celente weighs in on Gold Alongside Bitcoin, Celente remains optimistic about gold ’s performance. “Gold is up some 46 bucks as we go—$3,222 an ounce, down from its $3,500 high but still flying nice,” he said. “So we see it’s still going strong.” His thesis remains rooted in historical patterns: in periods of geopolitical uncertainty, de-dollarization, and distrust in centralized institutions, capital often rotates into hard and alternative assets. However, Celente’s optimism doesn’t extend across all markets. He continues to sound the alarm on the speculative frenzy surrounding AI equities, particularly those like Nvidia (NASDAQ: NVDA), which have been driving the narrative around artificial intelligence’s market potential. “Nvidia stock is going back up because of the deal they just did over the Middle East with the Trump team,” Celente noted. “But we still say there’s going to be a dot-com bust, and China is going to lead the world in the AI development.” He has warned for some time now that the AI rally echoes the late-1990s dot-com bubble , marked by hype-driven valuations with insufficient fundamental grounding. While short-term catalysts like geopolitical partnerships and regional investment deals may buoy specific names, suggesting that the broader AI sector remains vulnerable to a sharp correction, especially as global competition intensifies. Featured image via Shutterstock The post Trend Forecaster Gerald Celente says ‘Trump is all in on Bitcoin,’ talks Gold and Nvidia appeared first on Finbold .
Bitcoin’s recent climb appears to have momentarily slowed following a period of consistent upward momentum. After briefly trading above $104,000 earlier in the week, the price has since retraced to around $102,004, reflecting a modest 1.2% dip in the past 24 hours. Despite the pullback, BTC remains up nearly 20% over the past month and is currently trading 6.4% below its all-time high of $109,000 reached in January. CryptoQuant contributor Carmelo Alemán shared insights into the activity of long-term holders (LTHs), suggesting a potential link between the recent pullback and increasing realized profits among seasoned investors. Related Reading: Bitcoin Exchange Stablecoins Ratio Surges—A Warning For Investors? Bitcoin SOPR and Profit-Taking Behavior Signal Distribution Trends According to Alemán, the Bitcoin SOPR (Spent Output Profit Ratio) for LTHs has risen significantly since March 12, marking a 71.33% growth in realized profits. This trend may reflect strategic profit-taking among investors who accumulated Bitcoin at lower prices during previous consolidation phases. Alemán’s analysis highlights how Bitcoin’s long-term holders, those who have held BTC for more than 150 days, have steadily increased their profit margins over the past two months. As of May 13, the SOPR for LTHs reached 2.27409, indicating that coins moved by these investors were sold at an average return of 227.41%. In practical terms, an investor who bought BTC for $50,000 would have realized roughly $113,705, with $64,000 in profit. This behavior may point to a period of cautious distribution, as experienced holders seek to lock in gains ahead of potential market corrections. Historically, such spikes in SOPR values tend to align with the later stages of market rallies, when price volatility increases and profit-taking accelerates. Alemán suggests that while the market has yet to reach its full cycle peak, LTHs may be preparing for such a scenario by adjusting their positions accordingly. This cautious profit-taking could influence near-term price movements, particularly if short-term traders follow the lead of more seasoned market participants. Related Reading: Bitcoin Will Hit $1 Million By 2028 As Capital Controls Kick In: Top Expert Mixed Signals from LTH Behavior: Selling Slows Despite Price Nearing ATH In contrast to Alemán’s observation, another CryptoQuant analyst, ShayanMarkets, presented a different view of LTH behavior. According to Shayan, while the Bitcoin market is experiencing some profit-taking pressure, long-term holders are not contributing significantly to the selling activity. This view is supported by the declining SOPR metric among LTHs, which suggests that these investors are either holding or continuing to accumulate. This divergence may indicate a shift in the market’s dynamics. Whereas prior rallies were often met with widespread distribution from early adopters, the current trend could be characterized by stronger conviction among institutional or strategic holders. If this behavior continues, Bitcoin may resume its upward momentum once short-term selling pressure subsides. Shayan wrote: Based on this behavior, Bitcoin is likely to resume its bullish trend following this pause, potentially leading to a fresh impulsive rally and new all-time highs in the mid-term. Featured image created with DALL-E, Chart from TradingView
South Korea's National Pension Service (NPS) is considering direct Bitcoin investments, backed by political leaders and recent legislative changes favoring cryptocurrency. South Korea's National Pension Service (NPS), managing over $800 billion in assets, is exploring direct investments in Bitcoin. This shift follows recent legislation permitting national pension funds to invest in cryptocurrencies. Presidential candidates from both major parties have expressed support for integrating digital assets into public investment strategies. Democratic Party leader Lee Jae-myung has pledged to approve spot Bitcoin ETFs if elected, aiming to create a secure investment environment for younger generations. Currently, the NPS holds indirect crypto exposure through significant investments in companies like MicroStrategy and Coinbase. In 2024, it purchased $34 million worth of MicroStrategy shares, a firm known for its substantial Bitcoin holdings. Additionally, the NPS invested over $45 million in Coinbase shares, reflecting a growing institutional interest in the crypto sector. The move towards direct Bitcoin investment is also influenced by the increasing interest in cryptocurrencies among South Koreans, including older demographics. A recent survey indicated that 11% of crypto investors in South Korea are in their 60s, surpassing the 8% in their 50s, highlighting a broader acceptance of digital assets across age groups. While the NPS has not yet made direct Bitcoin purchases, the combination of legislative support, political backing, and shifting investor demographics suggests a significant step towards integrating cryptocurrencies into South Korea's national pension investment portfolio.
COINOTAG News reported on May 16th that, according to Coindesk analyst Omkar Godbole, Bitcoin’s order book data is revealing significant challenges for long positions amid resistance near $120 million. This
Consensus 2025, held in Toronto, brings together many important names from the cryptocurrency industry. At this point, one of the participants was Anthony Di Iorio, the co-founder of the largest altcoin Ethereum. Comparing Ethereum to Bitcoin (BTC), Anthony Di Iorio stated that Etheruem was designed as an alternative rather than a direct competitor to Bitcoin. Di Iorio, one of the eight co-founders of Ethereum, said that he met Vitalik Buterin and joined the Ethereum team thanks to his support for Bitcoin. Di Iorio, who still states that he is a big Bitcoin advocate, nevertheless claimed that Ethereum has a chance of eventually surpassing Bitcoin in terms of market value. “I believe Ethereum could surpass Bitcoin in terms of market cap. Because Ethereum creates so many use cases and value creation opportunities, I think ETH has the opportunity to outperform BTC because of these features.” *This is not investment advice. Continue Reading: Ethereum Co-Founder, One of the 20 Richest Bitcoin Owners, Speaks! "Are BTC and ETH Competitors?"
BitcoinWorld Bitcoin Price: Why Institutional Adoption Could Trigger an Explosive Rally Have you been watching the cryptocurrency space lately? It’s buzzing, and a major reason for the excitement isn’t just retail investors anymore. We’re seeing big players, the institutions, stepping into the ring. This shift towards significant institutional adoption is arguably one of the most transformative trends impacting the Bitcoin price and the broader crypto market today. It’s changing the game, adding a new layer of complexity and potential. What is Driving This Institutional Adoption in the Crypto Market? So, why are these large financial institutions, corporations, and asset managers suddenly so interested in the crypto market ? It’s not just a passing fad for them. Several factors are at play: Inflation Hedge: In a world grappling with inflation concerns, Bitcoin is increasingly viewed as a potential store of value, a digital alternative to gold. Institutions are looking for assets that can preserve capital against depreciating fiat currencies. Diversification: Adding Bitcoin to a traditional portfolio can offer diversification benefits due to its low correlation with traditional assets like stocks and bonds, although this correlation can change. Growing Legitimacy: As infrastructure improves (custody solutions, trading platforms) and regulatory clarity slowly emerges, the asset class becomes more palatable for compliance-conscious institutions. Digital Gold Narrative: The narrative of Bitcoin as ‘digital gold’ resonates with institutions seeking a scarce, decentralized asset. Client Demand: Institutional clients are increasingly asking for exposure to digital assets, pushing firms to offer relevant products and services. This isn’t just theoretical; we’ve seen concrete examples. Firms like MicroStrategy have made substantial Bitcoin investment part of their corporate strategy, and asset managers are launching Bitcoin-focused funds and ETFs (where permitted). How Does Institutional Investment Affect Bitcoin Price? The entry of institutional capital has a profound impact on the Bitcoin price . Think about it: these aren’t individuals buying a few hundred dollars worth; they are often making multi-million or even multi-billion dollar purchases. This has several key effects: Increased Demand: Large buy orders absorb significant amounts of the available supply, putting upward pressure on the price. Reduced Volatility (Potentially): While counterintuitive, institutional holders often have longer investment horizons than retail traders. Their large, less frequent trades can potentially lead to periods of lower volatility compared to rapid retail trading. Enhanced Liquidity: More participants, especially large ones, can increase market depth and liquidity, making it easier to execute large trades without drastically moving the price. Market Sentiment: Institutional validation can boost confidence among both retail and other institutional investors, creating a positive feedback loop for the Bitcoin price . The sheer scale of institutional buying can dwarf retail activity, making their movements significant indicators for market watchers. It’s a powerful force reshaping the supply-demand dynamics. Key Players and Examples of Significant Bitcoin Investment When we talk about institutional adoption and Bitcoin investment , certain names come to mind. These entities have not only invested directly but have also paved the way for others. Some notable examples include: MicroStrategy: A business intelligence firm that has made accumulating Bitcoin a core part of its treasury reserve strategy. They hold tens of thousands of BTC. Grayscale Investments: Manages large cryptocurrency trusts, including the Grayscale Bitcoin Trust (GBTC), which allows institutional and accredited investors to gain exposure to Bitcoin. Tesla: The electric car manufacturer famously added a significant amount of Bitcoin to its balance sheet, although they have also sold portions at times. Square (now Block): Jack Dorsey’s payments company has also made notable Bitcoin purchases for its corporate treasury. Asset Managers: Firms like Fidelity, BlackRock, and others are exploring or launching crypto-related funds and services, indicating growing interest in facilitating Bitcoin investment for their clients. These are just a few examples, but they highlight the growing trend of corporations and financial giants allocating capital to Bitcoin and the wider crypto market . Challenges and Opportunities in Crypto Regulation While institutional adoption brings many positives, it also shines a brighter spotlight on the need for clearer crypto regulation . This remains one of the biggest hurdles and areas of uncertainty for both institutions and the market. Challenges include: Lack of Clarity: Different jurisdictions have varying approaches to classifying and regulating cryptocurrencies. Consumer Protection: Regulators are concerned with protecting investors from fraud and manipulation. Taxation: Complex rules surrounding the taxation of crypto assets. Security: Ensuring robust security measures against hacks and theft is paramount for large-scale holdings. However, evolving crypto regulation also presents opportunities. Clearer rules can provide the legal certainty that more conservative institutions require before making significant commitments. This could unlock even larger pools of capital and further legitimize the asset class, potentially having a stabilizing effect on the Bitcoin price in the long run. What Does This Mean for the Future of the Crypto Market? The increasing involvement of institutions is fundamentally changing the structure and dynamics of the crypto market . It suggests a maturation of the asset class beyond being solely a retail-driven phenomenon. Looking ahead, we might see: Greater integration of crypto into traditional financial systems. Development of more sophisticated financial products based on crypto assets. Increased focus on compliance and security standards across the industry. A potential shift in market dynamics as institutional influence grows relative to retail. While retail investors will always be a vital part of the crypto market , the institutional wave is bringing significant capital, expertise, and a demand for robust infrastructure that will shape its future trajectory. Conclusion: The Institutional Tide is Rising In summary, the rise of institutional adoption is a powerful force reshaping the landscape for the Bitcoin price and the entire crypto market . Driven by macro factors, diversification needs, and increasing legitimacy, large players are making significant Bitcoin investment moves. While challenges like navigating evolving crypto regulation remain, the benefits of increased liquidity, potential stability, and mainstream validation are undeniable. This trend isn’t just about big money entering the space; it’s about the gradual integration of a revolutionary asset class into the global financial system. Keep an eye on institutional flows – they are set to play an increasingly critical role in determining the future direction of the market. To learn more about the latest crypto market trends, explore our article on key developments shaping the crypto market price action. This post Bitcoin Price: Why Institutional Adoption Could Trigger an Explosive Rally first appeared on BitcoinWorld and is written by Editorial Team
JPMorgan Chase chief executive Jamie Dimon says that he still would not rule out the possibility of the US entering an economic recession. In a new Bloomberg Television interview, Dimon says mounting uncertainty around tariffs and geopolitical tensions could increase inflation and slow down the economy. “I’m going to defer to our economists who give [a recession] about a 50% chance… If there’s a recession, I don’t know how big it will be or how long it will last. Hopefully we’ll avoid it, but I wouldn’t take it off the table at this point.” Dimon says economic uncertainty includes ongoing wars and conflicts around the world, as well as unresolved issues in the United States, such as a growing budget deficit and a tax bill winding its way through Congress. “Markets are quite unpredictable. I think there’s a lot of uncertainty out there that you can’t discount. You know, war in Ukraine, terror in the Middle East. You know, Iran. You know, huge deficits, our tax bill, which I would like to see a good tax bill pass, the tariffs, the reaction of countries to tariffs.” Dimon also says that the recent developments around President Donald Trump’s trade war are moving in the right direction, but still leaves many questions unanswered. “I think it’s the right thing to do, is to back off some of that stuff, to engage in conversation. I’m grateful they did the US-UK deal. You know, it’s an agreement in principle so there’s a lot of uncertainty still, and there’s a lot of uncertainty still in the China thing, but at least we started, and obviously it calms down the markets.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase CEO Jamie Dimon Says He Wouldn’t Take US Recession ‘Off the Table,’ Warns There’s a Lot of Uncertainty Out There appeared first on The Daily Hodl .
Traders have started placing bets on Polymarket regarding the next crypto market cycle, ranging from Bitcoin’s next all-time high to possible airdrops occurring in the second quarter of 2025. As of May 16, a majority of bettors believe that Bitcoin ( BTC ) will land somewhere between $110,000 to $130,000 this year. Around 87% of traders have placed bets, amounting to $1.7 million in volume, on BTC hitting $110,000 this year. However, another 72% believe the largest cryptocurrency by market cap could soar as high as $120,000. Meanwhile, another 67% of bettors predict Bitcoin could reach $130,000 by this year. At press time, Bitcoin is trading hands at $103,953, having gone up by 1.6% in the past 24 hours. In recent weeks, it has been in an ongoing rally fueled by the latest trade agreement between the U.S. and China. It recently surpassed $105,000 on May 12 but has not made any other new breakthroughs. So far, BTC reached its previous all-time high on Jan. 20, 2025, when it surged to $108,786. Its current price is still 4.4% lower than its all-time high . Price chart for Bitcoin in the past few days, May 16, 2025 | Source: crypto.news Read more: Bitcoin surges past $105k on the heels of a U.S. and China trade deal Aside from Bitcoin, Polymarket bettors have also predicted the Hyperliquid token, HYPE ( HYPE ), could jump as high as $28 before June 2025. Around 62% of traders have placed bets worth a total of $1,349 in volume on HYPE reaching $28 before June. Meanwhile, another 38% of bettors believe it could reach $30 before June. At the moment, Hyperliquid’s token stands at $26.73. In the past 24 hours, HYPE reached its peak at $27. The token reached its previous all-time high in December last year, when it rose to $34.96. Since then, the token has failed to recover past the $30 mark, plummeting as low as $10.27 in early April. Lastly, another Polymarket betting pool predicted the AI-inspired FARTCOIN ( FARTCOIN ) could reach $1.50 before June. Around 75% have placed bets on the meme coin hitting $1.50, while nearly 20% believe the token could reach $2 before June. According to data from crypto.news, FARTCOIN has gone up by 0.17% in the past 24 hours. It is currently trading hands at $1.28, declining slightly from its daily peak at $1.35. The last time the meme coin was able to reach $2 and $1.50 respectively was last January. It has since failed to climb back to its previous peak. You might also like: What to expect in the week ahead for the altcoin market: KAITO, STX and more Polymarket airdrop predictions for Q2 2025 Polymarket bettors believe Linea is the most likely project to launch an airdrop event in Q2 2025, May 16, 2025 | Source: Polymarket.com According to a Polymarket betting pool titled “Airdrops in Q2 2025,” trader placed bets on which projects they believe has the highest chance of holding an airdrop event for its holders by June 30 this year. Polymarket now thinks Linea is the most likely project to hold an airdrop event by Q2 2025. It leads the charge with 40% of traders betting on an airdrop event. The second-most likely project to airdrop native tokens is the Ethereum ( ETH ) wallet Rainbow at 34%, followed by the meme coin launchpad Pump.fun with 28%. In early April, Linea’s product head, Declan Fox, said the project plans to wait for the bear market to pass before it will launch a Token Generation Event. Read more: Linea to wait out bear market before launching native token
Bitcoin Struggles Below $105K: Market Assessment Bitcoin’s price has been languishing beneath the critical $105,000 threshold, with traders keenly awaiting fresh catalysts for potential movement. The current consolidation could hint