In a significant development for the cryptocurrency market, data from SoSoValue indicates that the total net inflow of **Bitcoin spot ETFs** reached an impressive **$6.09 billion** on May 21 (Eastern
Bitcoin has soared to unprecedented heights, sparking speculation about a possible altcoin rally as market dynamics shift. With Bitcoin’s recent surge above $111,000, analysts are increasingly optimistic about the prospects
XRP price started a consolidation phase above the $2.320 zone. The price is now rising and might aim for an upside break above $2.450. XRP price started a decent increase above the $2.3650 zone. The price is now trading above $2.380 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.3580 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.450 resistance. XRP Price Eyes Steady Increase XRP price started a fresh downside correction in a range and traded below the $2.380 zone, unlike Bitcoin and Ethereum . There was a move below the $2.3650 and $2.350 levels. The price tested the $2.3350 zone. A low was formed at $2.33360 and the price is now moving higher. There was a move above the $2.350 and $2.3650 levels. The price cleared the 50% Fib retracement level of the downward move from the $2.4315 swing high to the $2.3360 high. The price is now trading above $2.38 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.3580 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.410 level. It is close to the 76.4% Fib retracement level of the downward move from the $2.4315 swing high to the $2.3360 high. The first major resistance is near the $2.4320 level. The next resistance is $2.450. A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.5650 in the near term. The next major hurdle for the bulls might be $2.650. Another Decline? If XRP fails to clear the $2.450 resistance zone, it could start another decline. Initial support on the downside is near the $2.3650 level. The next major support is near the $2.3580 level and the trend line If there is a downside break and a close below the $2.3580 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.2650 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.3580 and $2.320. Major Resistance Levels – $2.420 and $2.450.
Bitcoin’s record high has analysts eyeing a potential altcoin rally—if market conditions align and the crypto's dominance hits a key level.
Decentralized finance platform Synthetix has axed its $27 million plan to acquire crypto options platform Derive after negative community feedback. A Synthetix spokesperson told Cointelegraph on May 22 that its acquisition proposal, pitched to its community and to Derive’s , “did not resonate,” and both projects agreed to “step back from the proposed acquisition.” Synthetix said on May 14 that it would acquire Derive in a token exchange deal, pricing 1 SNX token to 27 DRV tokens, which would value Derive at around $27 million, pending approval from both communities. Synthetix strategy lead Ben Celermajer told Cointelegraph that other community concerns were the three-month token lock-up period and the deal’s price, part of which Synthetix tried to address with no lock-up for holders of less than 1 million DRV. “While we understand the commercials did not resonate with all community members, a number of holders from both communities believed the deal was fair and acceptable,” he said. “However, we acknowledge that the response fell short of expectations, and we have no intention of moving forward with something that was intended to be a collaborative and constructive endeavor.” Celermajer said Synthetix will continue evaluating opportunities for building a decentralized derivatives platform on the Ethereum mainnet . Source: Synthetix Derive community concerned on deal’s benefits Derive community members expressed concerns over the deal on the project's forum, particularly around the token exchange rate and the deal's overall benefit to the platform. Derive user “Ramjo” wrote on May 14 that the token exchange rate is “a poor reflection of the value of derive as a platform,” and the “equivalent of selling the bottom and locking in lows.” Related: Synthetix founder threatens SNX stakers with ‘the stick’ to fix SUSD depeg Another user, “AlvaroHK,” called the deal “difficult to justify,” as they claimed that Derive generates more revenue than Synthetix, and there was no clause in the agreement to stop Synthetix from “printing millions of new tokens and keep diluting us.” AlvaroHK claims Derive generates more revenue than Synthetix, which makes the deal a tall order to justify. Source: Derive “I have found the guidance that Synthetix plans to issue an additional 170 million SNX to increase its supply to 500 million from 330 million,” AlvaroHK added in a follow-up post. “Why this information is not disclosed when asked about it? It will dilute an additional 60% off the value of the offer made to Derive,” they added. Derive, which Synthetix started in 2021 as Lyra, operated as a decentralized options protocol but remained part of the Synthetix ecosystem. It eventually rebranded to Derive and took steps to operate independently from Synthetix, such as moving away from using Synthetix’s sUSD stablecoin and liquidity. Magazine: Metric signals $250K Bitcoin is ‘best case,’ SOL, HYPE tipped for gains: Trade Secrets
COINOTAG reports that on May 22, Bitcoin has surpassed the critical threshold of $111,000, marking a significant milestone in its price trajectory. This surge comes as leading whale investor James
Cardano (ADA) is gaining traction in the crypto market, showcasing a robust potential to rise toward the $0.9 resistance level amidst Bitcoin’s upward momentum. Recent trading data indicates a shift
The altcoin market is waking up in May, and traders are watching familiar names like Dogecoin (DOGE) and Shiba Inu (SHIB) for signs of another parabolic run. Trump Coin, Chainlink (LINK), and TRON (TRX) are also gaining attention. But quietly building beneath the surface is a new contender — MAGACOIN FINANCE — and it may be the one with the most explosive setup this quarter. Dogecoin (DOGE) – 990% Network Spike Sparks Bullish Buzz As of May 16, DOGE trades at $0.2249, but user activity has exploded — with active addresses surging nearly 990% in just seven days. Forecasts for May suggest DOGE could trade between $0.305 and $0.443, with year-end targets as high as $1.00, depending on momentum and ETF chatter. Shiba Inu (SHIB) – Burn Rate Surge and Ecosystem Growth SHIB is up over 12% this week, now priced at $0.000026. Technical setups point to a breakout, especially as Shibarium expands and developers continue to burn supply. Analysts see potential highs ranging from $0.0000326 to $0.00008471 in a sustained rally. Chainlink (LINK) and Trump Coin (TRUMP) – Volatile but Back in the Spotlight TRUMP COIN sits near $13, climbing over 25% this week. Past rallies have sent it to $75, and 2025 targets range from $67 to $200. With U.S. election narratives heating up and ETF speculation swirling, the stage is set for renewed volatility — and opportunity. Trading between $16.39 and $16.77, LINK is up 29% this week. If it breaks the $15.30 level with volume, analysts forecast a move toward $19.50. LINK’s role in tokenized assets and cross-chain data flows makes it a top candidate for further institutional adoption. TRON (TRX) – Quiet But Consistent Gains TRX is trading at $0.268, up 7.23% this week and 107% year-over-year. Its leadership in stablecoins and growing DeFi adoption position it as a foundational blockchain. May price targets range from $0.271 to $0.35, with $0.75 on the table if momentum continues. MAGACOIN FINANCE – This Is Still the Beginning It’s not just the price point — although MAGACOIN FINANCE remains below $0.001. It’s the structure. Whales are stepping in because they recognize the power of early-stage projects with viral potential, political timing, and strong tokenomics. With over $8 million raised, the project has already exceeded early expectations — but this isn’t about past performance. It’s about what comes next. Stage 8 is live. Stage 9 is approaching. Each new phase increases exclusivity and upside. Insiders are anticipating a series of major announcements in the coming weeks — including integrations, expanded media coverage, and updated roadmap milestones. Built for scalability, not just hype, MAGACOIN FINANCE has avoided early exchange dilution and is growing through community-first momentum. Investors using promo code MAGA50X receive a 50% token bonus, a key driver behind current whale accumulation. For those asking if they’re late — they’re not. Stage 8 is live. The door is still open — for now. To learn more about MAGACOIN FINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Why Dogecoin and Shiba Inu Could Join Trump Coin and Chainlink in a Surprise Breakout This May — Eyes Also on TRX
On multiple fronts, Cardano has a bullish outlook, and appeared likely to rally to $0.9.
A rise in physical attacks on digital-asset holders says a lot about the trade-offs of a cashless society.