Key points: Bitcoin continues to range around $103,000 as bulls struggle to keep upside momentum going. Traders favor short-term BTC price gains eventually returning, while overall faith in the bull market varies. Fed rate cuts seem increasingly far off despite encouraging inflation data. Bitcoin ( BTC ) hugged familiar territory around the May 14 Wall Street open as traders awaited fresh US macro cues. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Trader: BTC needs $108,000 reclaim for breakout Data from Cointelegraph Markets Pro and TradingView showed $103,000 remaining a BTC price magnet. Bulls had managed another trip to $105,000 the day prior, with momentum nonetheless lacking after brisk gains throughout the first half of the month. Now, traders eyed consolidation prior to a return to volatility, with predictions favoring further upside. It's all just a big shake-out range in before another break-out 📈 again PATIENCE $BTC https://t.co/t9vNUsoIQA pic.twitter.com/5BSUTzPLoM — Phoenix (@Phoenix_Ash3s) May 14, 2025 “Even though $BTC looks great IMO, I still stand by the fact that it probably moves sideways from here for a while, which would probably be great news for alts tbh,” popular trader Byzantine Trader wrote in one of his latest posts on X. “If BTC remains calm, then alts can do their own thing for a bit.” BTC/USDT 4-hour chart. Source: Byzantine General/X Despite seeing the Bitcoin bull market unwinding sooner rather than later, fellow trader Roman agreed that higher highs would come first. “Looking for more upside if we can continue to consolidate here as consolidation = continuation of trend. Yes my macro views believe the $BTC bull is close to over but there’s still some room for short term upside,” he told X followers. “Break 108 resistance and 120 is possible.” Market rate cut odds “adjusted” after CPI Macro influences were less pronounced on the day thanks to a gap in US inflation data releases. Related: BTC bulls get 'biggest signal' — 5 things to know in Bitcoin this week The day prior, a lower-than-expected Consumer Price Index (CPI) print had failed to spark a fresh crypto rally, with eyes now on the Producer Price Index (PPI) numbers due on May 15. Commenting, trading firm QCP Capital stressed that the Federal Reserve’s hawkish policy was dictating market expectations. Interest rate cuts in the first half of 2025, a would-be risk-asset tailwind, were being increasingly priced out. “US CPI came in below expectations, providing a welcome reprieve to inflation worries and bolstering bets on rate cuts,” QCP wrote in its latest bulletin to Telegram channel subscribers. “Still, the Fed remains cautious. At its last meeting, officials reiterated a data-dependent stance, flagging the uncertain downstream effects of tariffs on both unemployment and inflation.” Fed target rate probabilities (screenshot). Source: CME Group Data from CME Group’s FedWatch Tool put the Fed’s September meeting as the likely occasion to deliver the next cut. “Market pricing has also adjusted accordingly, with two rate cuts now expected for 2025, down from four just a month prior,” QCP added. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The battle between two major cryptocurrencies, Solana and Ethereum , intensifies as market enthusiasts seek the best potential gains. With both platforms showing unique strengths, the upcoming market rebound presents intriguing opportunities. This article delves into their prospects, evaluating which one seems poised for the most significant growth. The comparison aims to guide investors in making informed decisions. Solana Price Dynamics: 1-Month Surge vs 6-Month Decline Solana experienced a gain of 28.74% in the past month, with a notable increase of 16.05% in just the last week. However, this follows a significant decline of 20.97% over the past six months. The price fluctuated between $109.63 and $171.27, indicating a brief recovery in the short term while still facing prevailing bearish pressure in the longer term. The recent movements have shown volatility and a quick shift in trader sentiment. Current trading levels show support at $71.65 and resistance at $194.93, with an additional resistance level at $256.57. Bulls have gained momentum with the recent price rises, but an RSI of 66.83 suggests caution. Traders should keep an eye on these levels for potential entry points near support and opportunities to take profits when reaching resistance. Ethereum's Bullish Turn Amid Altcoin Excitement Ethereum showed a strong monthly performance with prices rising nearly 50% over the last month after a six-month downturn of about 23%. Weekly gains of 35% highlight a swift recovery compared with previous losses. Active investor entry despite earlier bearish trends indicates renewed trading interest. The shift coincides with expectations for an altcoin season and a broader crypto bull run. Current prices range between roughly $1,469 and $2,038, with immediate resistance at $2,281 and a secondary level near $2,850. Support is noted around $1,142 and further below at $573. Bulls appear to command control within these levels, although the high RSI suggests caution. Traders may target entries near support and consider exits at resistance while monitoring volatility closely. Conclusion SOL and ETH both present strong potential for growth in the near future. ETH benefits from its established presence and wide adoption. SOL, on the other hand, impresses with its faster transaction speeds and lower costs. Each offers unique strengths and could see significant gains. Investors may find value in either, depending on their risk tolerance and market outlook. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitcoin price remained in a tight range on May 4, but the ongoing demand and supply dynamics point to an eventual surge to a new all-time high. Bitcoin ( BTC ) was trading at $104,000 on Wednesday, just 5.25% below its all-time high of $109,300. It has jumped nearly 40% from its lowest point in April. The coin continues to see high demand, mostly from institutional investors. SoSoValue data shows that spot Bitcoin ETFs have added over $1.95 billion in inflows this year, bringing total inflows since inception to $41 billion. Companies are also continuing their accumulation. Strategy spent $1.34 billion acquiring Bitcoin last week, bringing its total holdings to nearly $60 billion. Its market cap has now surged to over $115 billion. You might also like: JPMorgan settles tokenized treasuries transaction using Ondo Finance and Chainlink Semler Scientific now holds 3,808 Bitcoins valued at $387 million, while Tether has also been accumulating — bringing total holdings by Twenty One to 36,312 coins . More companies are likely to continue buying Bitcoin after witnessing Strategy’s success. Meanwhile, Bitcoin’s supply isn’t growing as fast, with mining difficulty and hash rate hitting record highs. Its supply on exchanges has dropped to a six-year low, continuing a trend that began in 2021. These dynamics will likely help support Bitcoin’s price in the long term. Supply shock incoming?💥 #Bitcoin exchange reserve balances are at its lowest level in 6 years! 📉👀 pic.twitter.com/jvgThyW1mL — Coin Bureau (@coinbureau) May 12, 2025 Additionally, analysts have upgraded their stock forecasts following the truce between the US and China . Goldman Sachs expects the S&P 500 Index to rise to 6,500 as it lowers its recession odds from 45% to 35%. Such a move would likely benefit Bitcoin and other altcoins due to their correlation with equities. Bitcoin price technical analysis BTC price chart | Source: crypto.news The daily chart shows that Bitcoin is gradually forming a cup-and-handle pattern, with the upper boundary at $108,200. A C&H pattern is a popular continuation signal in technical analysis. This particular pattern has a depth of about 33%. Measuring the same distance from the cup’s upper side suggests a potential rally to $145,000. The bullish outlook will be confirmed once the BTC price breaks above the cup’s upper boundary. On the flip side, a drop below the 100-day moving average at $91,340 would invalidate the bullish outlook. You might also like: Dogecoin price prediction: Futures demand and ETF momentum build case for $1
Despite being live for only 16 years, Bitcoin (BTC), largest cryptocurrency, has already joined elite club of global macro assets, Willy Woo opines
Since President Donald Trump assumed office in January, the tone around crypto has dramatically changed. Crypto industry participants are now more hopeful amid positive crypto-related legislative and regulatory progress under the Trump administration. However, challenges remain, particularly in the altcoin ETF approval sphere. SEC Delays SOL And Litecoin ETF Proposals The U.S. Securities and Exchange Commission (SEC) has delayed deciding whether to allow the trading of altcoin spot ETFs, which would expose investors to Solana and Dogecoin. Wall Street’s biggest regulator said Tuesday that it would wait until October 2025 to decide next steps for Grayscale’s spot SOL Trust ETF. The SEC also delayed answering the proposed Grayscale Litecoin Trust, citing the need for more time to evaluate whether the filing meets legal and market structure requirements. According to data from CoinGecko, SOL is currently the six th-biggest cryptocurrency by market cap, while Litecoin is the 25th largest. LTC is a forked version of Bitcoin launched in 2011 by ex-Google employee Charlie Lee. Over 70 Crypto ETFs Awaiting SEC Approval The SEC currently has over 70 altcoin ETF applications to consider following the regulator’s approval last year of spot Bitcoin ETFs, which are the most successful launch in ETF history. The SEC had rejected applications for Bitcoin funds for over 10 years before giving them the regulatory sign-off, and then greenlighted Ethereum ETFs a couple of months later. Now, the SEC has a new chair, Paul Atkins , following the election of crypto-friendly President Trump, and investment managers are trying their luck with other digital asset-related products. Since his return to the White House in January, the agency has thrown out multiple lawsuits against crypto companies and has held public roundtables with crypto industry leaders to discuss how to regulate the burgeoning industry. Notably, prominent asset managers like Bitwise, Franklin Templeton, Grayscale, and 21Shares have already submitted paperwork to get new crypto ETFs approved. Coins like SOL, Ripple-affiliated XRP, and Cardano’s ADA are among the biggest targets for issuers right now. Meanwhile, investors are now looking to the Polkadot and XRP-based ETFs deadlines next month. While those decisions may also be postponed as the SEC often takes full advantage of its 240-day review period, the agency is expected to take an overall friendlier approach to crypto ETFs than in the previous Biden administration.
The Ethereum Foundation announced the trillion-dollar security initiative, going against varied threats in the ecosystem. The network is considered secure due to its staking requirement, but Ethereum is one of the networks facing the most exploits. The Ethereum Foundation announced the trillion-dollar security initiative, aiming to secure the entire ecosystem in the case of wider adoption. The potential value of Ethereum reflects an average holding of $1,000, collectively amounting to trillions of dollars. The Ethereum ecosystem is one of the most heavily affected by hackers . Logic flaws in smart contracts, bridges, DEX trading attacks, and personal wallet attacks are among the most common exploits. The ecosystem also allows for hiding the funds, with the Tornado Cash mixer and other DeFi services allowing the hackers to disguise the origin of funds. The Ethereum Foundation aims to mitigate those risks, so even large organizations would be willing to place over $1T in a smart contract. The initiative arrives at a time when ETH is trying to revive its market price. ETH traded at $2,601.91 after touching the highest levels since February. Ethereum Foundation gathers data on security threats The initiative will be led by Fredrik Svantes and Josh Stark, the initial co-chairs of the project. They will also have a three-person ecosystem stewards team, who will communicate with projects and provide input and advice. The new team will map the Ethereum landscape for security threats and potential attack vectors across the entire EVM technology stack. The Ethereum Foundation has already set up a form for suggestions and reporting general security concerns. The findings will be presented in the form of a special report to identify focus areas. The mapping stage will investigate multiple Ethereum aspects, including blind signing, frontend security, wallet security, smart contracts, cloud infrastructure, consensus and protocol security, as well as Internet-level attacks, such as DNS-level censorship. The team assigned by the Ethereum Foundation will identify and communicate pressing issues. Currently, on-chain security is still performed on a case-by-case basis, with special entities reviewing smart contracts. Yet even vetted, secure projects face exploits, suggesting the need for a common standard for identifying potential threats. Ethereum remains the top hacked chain Estimated on-chain hacks have taken up to $5.3B in value, depending on the current asset price. Ethereum makes up between 40% and 50% of all hacks happening directly on the L1 chain. Multiple hacks also affected L2 chains, for the ease of switching back to Ethereum. Ethereum still faces the biggest hacks, ranging from infrastructure to DEX rug pulls, bridge attacks, smart contract exploits, and wallet phishing. | Source: Dune Analytics Despite the threats, the Ethereum Foundation explained its rationale behind the initiative as trying to bring the world on-chain. 0. Announcing the Trillion Dollar Security (1TS) initiative: an ecosystem-wide effort to upgrade Ethereum’s security to help bring the world onchain. — Ethereum Foundation (@ethereumfndn) May 14, 2025 Ethereum’s L1 is once again trying to be scalable and become a venue for direct activity after allowing multiple L2 chains to siphon away traffic. However, the extra staking and security did not prevent hacks and, in fact, increased the amount stolen. Bridges between L1 and L2 were among the most attacked smart contracts due to the significant value locked and flaws in the smart contract logic. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Max Keiser warns that Twenty One Capital’s attempt to copy Strategy’s Bitcoin model could backfire, citing risks in market volatility. Despite a $3.6 billion merger and Bitcoin holdings, Cantor Equity
Wall Street banking giant JPMorgan (NYSE: JPM ) has announced the execution of its first transaction settlement outside its private system in partnership with cryptocurrency entities Chainlink ( LINK ) and Ondo. The pilot transaction, conducted through its Kinexys Digital Payments platform, involved tokenized U.S. Treasuries and was settled on Ondo Chain’s testnet, according to a May 14 press release . This transaction marks the debut of a Delivery versus Payment (DvP) model, which synchronizes payment and asset transfers to reduce counterparty risk and settlement delays. The deal utilized Kinexys, JPMorgan’s blockchain division, to handle the payment leg, while the asset side consisted of Ondo Finance’s tokenized short-term Treasury fund (OUSG). These blockchain-based treasuries are designed to offer exposure to U.S. government debt with the benefits of real-time, transparent settlement. Kinexys, which reportedly processes over $2 billion in daily transaction volume, connected its private network to the public Ondo Chain, a notable shift from the bank’s historically closed-network approach. At the same time, Chainlink’s secure cross-chain orchestration infrastructure, known as the Chainlink Runtime Environment (CRE), facilitated the atomic, cross-network settlement. CRE coordinated the transfer across the permissioned Kinexys system and the public Ondo Chain, ensuring real-time finality, enhanced liquidity, and reduced counterparty risk. “It is becoming increasingly clear to the world’s institutions that they have a large addressable market in the public chain community and that they need a reliable set of technical standards and cross-chain connection capabilities to successfully transact in this new world,” said Sergey Nazarov, Chainlink co-founder. JPMorgan blockchain ventures It’s worth noting that this early May transaction is not JPMorgan’s first venture beyond its private network. The entity has previously tested blockchain integrations, including a 2024 pilot with Siemens Digital. This shift by the banking giant comes as the United States moves toward more favorable cryptocurrency regulations following President Donald Trump’s election. Nelli Zaltsman, head of platform settlement solutions at Kinexys, emphasized that this new venture was not driven by political changes or investors’ recent enthusiasm for crypto. Instead, it’s part of the bank’s strategic roadmap. While the bank’s CEO, Jamie Dimon, has been a vocal Bitcoin critic , he has acknowledged that blockchain technology can find use cases in the financial sector. Featured image via Shutterstock The post JPMorgan completes first-ever transaction settlement on public ledger appeared first on Finbold .
Morten Christensen says he and four crypto-loving friends will be attending the dinner next week being held for the top holders of President Donald Trump’s memecoin for just about $1,200 each.