Bitcoin Faces Choppy Waters After Record High Weekly Close Bitcoin (BTC) tested the resilience of traders as it reached a historic weekly close before experiencing a sharp decline to $102,000.
CoinOtag 2025-05-19 12:19
As Bitcoin’s strength continues to dominate the market, Ethereum struggles, creating a notable divergence that signals potential shifts in investor sentiment. Ethereum failed to mirror Bitcoin’s recent gains, indicating a
CoinOtag 2025-05-19 12:06
BTC shows strength while ETH weakens - setting up a clear battle for control.
AMB Crypto 2025-05-19 12:00
The current cryptocurrency landscape presents a critical moment for Bitcoin, as recent market dynamics suggest a possible retracement toward significant support levels. Market analysts are increasingly concerned that a bearish
CoinOtag 2025-05-19 11:33
Bitcoin’s recent bullish momentum has positioned XRP for potential gains, with key short liquidations around $2.46 acting as a pivotal factor in this market dynamic. XRP has exhibited bullish potential,
CoinOtag 2025-05-19 11:15
The rise of Bitcoin liquidation maps has become a pivotal tool for traders, enabling them to navigate the volatile cryptocurrency landscape effectively. The ability to anticipate liquidation events can significantly
CoinOtag 2025-05-19 10:42
Vitalik Buterin posted a suggestion on making Ethereum more friendly to users running local nodes. His latest proposition is linked to attempts to scale the L1 chain, which still suffers from high gas prices and growing demand for data. Vitalik Buterin proposed changes to Ethereum aiming to make the network more friendly to users running nodes. Buterin stated it’s important to run a full node and a personal RPC server, hoping to bring more users onboard with Ethereum nodes. Currently, running a node is restricted and resource-heavy. The chain has 10,051 active nodes as of May 19. The full data of the chain is at 1,312 GB and growing. In the past year, with all active DeFi and L2 verifications, the data load for Ethereum has grown by over 20%, with a trend to preserve that pace. Ethereum nodes are still concentrated in the USA and Europe, both for the consensus and execution layer. Vitalik Buterin proposed lighter requirements for running personal RPC nodes with limited archives. | Source: Ethernodes.org The Ethereum network still hinges on data centers in developed countries, with around 30% of consensus and execution nodes located in the USA and concentrated on the East Coast. Germany is the second key location for ETH nodes. New proposal offers lighter versions of RPC nodes The bottleneck for Ethereum is also the availability of RPC providers. A smaller pool of providers may resort to censorship, as currently some RPC nodes exclude entire countries, noted Buterin in his longer explanation of eventual updates. Ethereum may add a new type of node with a lower data requirement, which could verify transactions and further decentralize the network. Some users may run partial-state nodes, storing contracts and transactions only relevant to their own use cases. The end goal is to encourage smaller players to run RPC nodes, removing the risk of monopolizing Ethereum between big players. The update on L1 scaling arrives at a time when Ethereum handles 1.38M transactions per day, following renewed interest in DeFi and ETH trading. The chain has disproven claims of being dead or displaced, leading to calls for more relevance and L1 speed. The message from Buterin failed to recover the ETH price, which dropped to $2,375.66, just days after holding above $2,500 . Vitalik Buterin puts priority status on EIP-4444 One of the steps to making Ethereum easier for node operators is to prioritize EIP-4444. The end goal is to have nodes that store full data for only 36 days. This will reduce storage requirements, one of the main obstacle to running even more nodes. The EIP-4444 changes will affect the entire network, with clients no longer serving some of the data that is older than a year through P2P transactions. Clients may locally prune historical data. Full RPC nodes will coexist with archive nodes, which have provided the large and ever-expanding history of the network. The chain has envisioned up to $1 trillion in assets, including ETH, stablecoins, tokens, and NFTs, as well as tokenized securities, requiring reliable historical nodes. On the other hand, verification and short-term transaction processing may become easier without the outsized demand for storage. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Cryptopolitan 2025-05-19 10:38
In a notable development for the cryptocurrency sector, Bitcoin ETFs saw net inflows of $603.74 million last week, the lowest in a month, as market consolidation weighs on investor sentiment.
CoinOtag 2025-05-19 10:30
In a recent market analysis dated May 19th, Matrixport reported a significant shift in the crypto landscape as the **Market Value to Realized Value (MVRV) Ratio** has notably transitioned back
CoinOtag 2025-05-19 10:25
El Salvador’s Bitcoin investment has yielded an unrealized profit exceeding $357 million, President Nayib Bukele revealed in a social media update. This gain comes amid Bitcoin’s recent surge, which is nearing its all-time high of $108,786. A screenshot Bukele posted on X estimated that the nation’s holdings in Bitcoin were worth more than $644.4 million, compared with the initial amount spent of $287.1 million. This translates to an unrealized profit margin of 124.4%, with $69.8 million in unrealized gains generated so far this year. 🤷🏻♂️ pic.twitter.com/05izbAR202 — Nayib Bukele (@nayibbukele) May 19, 2025 El Salvador doubles down on Bitcoin strategy despite IMF pressure El Salvador’s wallet currently holds approximately 6,181 BTC, equivalent to about $639 million at the time of reporting, based on figures from the nation’s Bitcoin office. Four years ago, El Salvador became the first country to formally adopt Bitcoin as a legal tender, as Bukele proposed, to promote financial inclusion. Since then, the country has been steadily accumulating bitcoin. Though it had agreed to rein in Bitcoin activities as part of a financing deal with the IMF (even allowing private businesses to accept Bitcoin voluntarily), Bukele remained steadfast in promoting the accumulation of Bitcoin. The agreements were quickly turned into law by the legislature in January. On X, Bukele earlier said that although El Salvador’s Bitcoin move has been heavily criticized from all corners of the world, and despite early Bitcoin advocates leaving the project, the country’s Bitcoin strategy lives on. Bitcoin rallies toward record highs The surge in El Salvador’s Bitcoin portfolio parallels Bitcoin’s broader market rally as it hovers near its all-time highs. This has been boosted by renewed enthusiasm for exchange-traded funds and changing economic indicators steering investor capital back toward riskier assets. The leading crypto rose above $105,700 on Sunday evening, extending gains made over the past two weeks. Earlier today, it reached a peak of $106,500. At present, bitcoin trades at about $102,387, according to CoinGecko. While previous rallies were often powered by retail speculation, this one unfolds amid heavy flows into spot Bitcoin ETFs, stable interest rate expectations, and renewed debate around inflation as tariffs on key imports come back into focus. Singapore-based QCP Capital wrote in a note last week that, looking ahead, they believe there is further room for digital assets to rally, especially as Coinbase’s inclusion into the S&P 500 becomes a reality in a short while. Bitcoin ETFs attract billions as inflation worries fuel rally US spot Bitcoin ETFs saw over $2.8 billion in net inflows during the first half of May, according to data from SoSoValue. The biggest single-day influx occurred on May 2, with $674.9 million flowing in. As of May 16, cumulative inflows had reached $41.77 billion, pushing total net assets above $122 billion. Broader macroeconomic conditions have also supported Bitcoin’s rally. Lingering inflation concerns, particularly as new trade policies affect supply chains, have added to Bitcoin’s attractiveness as a potential hedge—especially if inflationary pressures continue. A temporary 90-day tariff reduction deal between the US and China has offered some relief, but elevated duties remain on sectors including electric vehicles, semiconductors, and consumer electronics. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Cryptopolitan 2025-05-19 10:16
“I think Ethereum has a better performance outlook, mostly because it’s very hated,” said Arthur Hayes in an interview with Fortune on May 18. When asked about Ethereum versus Solana, he said, “Everyone thinks Ethereum does nothing, they haven’t done anything correctly, but it still has the most TVL, it still has the most number of developers, and it still is the most secure proof of stake blockchain.” Hayes did acknowledge that ETH prices have not done that well since 2020, and Solana has had a recent growth spurt, but added: “If I’m gonna deploy a fresh unit of fiat capital into the system, I think that Ethereum could outperform Solana in this next sort of 18-24 months bull run.” ETH to Outperform SOL Solana’s primary use case is meme coins , and the network did very well during that frenzy earlier this year. However, now that the bubble has burst, its activity and revenue have significantly declined. Despite all the FUD and hate, Ethereum remains the industry standard for DeFi, dApps, stablecoins, and real-world asset tokenization, having a dominant market share for each category. Looking at recent performance, Solana climbed from a low of around $100 during the April 7 crash to top out at just over $180 on May 14, before sliding back below $165, notching 80%. Ethereum has almost doubled over the same time, climbing from a bear market low of $1,400 to come just shy of $2,700 on May 14, before it retreated back below $2,400. While performance has been similar, Ethereum has done marginally better than Solana over the past six weeks, so maybe Hayes has seen this potential for future price increases. What About Bitcoin? When asked about what’s next for crypto markets, Hayes, who also admitted to having 20% of his portfolio allocated to gold, said he thought BTC dominance would continue to climb. “I think Bitcoin in this next little run could go close to $200,000, and then altcoin season comes around and we’ll see some interesting things,” he said before predicting a BTC price target of about $250,000 by the end of the year. In a recent blog post , Hayes said that pressures on the US dollar could propel BTC prices to seven figures before the end of the decade. “Foreign capital repatriation and the devaluation of the gargantuan stock of US Treasurys will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028.” The asset had dumped hard, losing more than $3,500 in a few hours as it fell below $103,000 at the time of writing. The post Ethereum Will Outperform Solana This Bull Market: Arthur Hayes appeared first on CryptoPotato .
Crypto Potato 2025-05-19 10:12
An analyst who called the 2021 crypto market meltdown says that a significant Bitcoin ( BTC ) correction is likely to occur before new all-time highs are met. The pseudonymous trader known as Dave the Wave tells his 153,500 followers on the social media platform X that he’s expecting BTC to dip to around $90,000 before launching its next leg up, rather than a quick, parabolic ascent. The trader appears to have a rough price target of about $160,000 for BTC by around September of this year. “We all want BTC price higher here and now. But if I were a betting man, I’d say the orange not the yellow.” Source: Dave the Wave/X Citing a part of his newsletter, Dave the Wave says that BTC typically rallies extremely quickly, while it corrects in a more drawn-out fashion that drags down sentiment and puts bears offside for the big move. “These days, it seems that with every fortnight comes a new breakout in price. And this is typically the way where they say price takes the elevator up and the stairs down – price increases tend to happen rapidly, where the consolidations take place over an extended period of time… The consolidations create negative sentiment after the initial enthusiasm of the previous run-up wears off. And this is a process that takes place over time. Duration on the chart requires endurance in the trader/ investor. And of course, this is where the contrarian aspect comes into play – where most will allow the general market sentiment to affect their own, the contrarian sees instead opportunity in the way in which markets typically operate. And so the run-ups come quick and fast.” At time of writing, Bitcoin is trading for $103,105. 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 Crypto Analyst Says Bitcoin Correction Coming Before Breakout to New All-Time High – Here’s His Forecast appeared first on The Daily Hodl .
The Daily Hodl 2025-05-19 10:04
