price

Michael van de Poppe, founder of MN Trading Capital, posted on platform X, stating, "Bitcoin is at a critical price level, and if it cannot hold, it will drop below $65,000." However, he believes that a new low will not occur. In that case, Bitcoin would fall below $61,000, where the 200-day moving average is located. Further declines would be meaningless, as this would not yield good results in any market cycle. However, this structure is different from the decline in February. The reason is that the resistance level in February failed to convert into a support level.Currently, the $71,000 area remains a key support level. Poppe believes that this support must hold to prevent further pullbacks. If it can hold, then the $61,000-$65,000 range will be an excellent buying opportunity for Bitcoin in the coming years. If this support holds, then the second phase target is to break through $76,600. If this price level is breached, a new high is imminent, and a strong altcoin summer rally is likely to be seen.

On-chain monitoring shows that a batch of funds suspected to be related to hacking or phishing activities has recently continued to buy Monero (XMR), with a total purchase scale of approximately 23 million dollars, significantly impacting market prices.

According to Tristan Thompson's disclosure on social media, he has established a short position in HYPE, shorting around $66.95 with 50x leverage, and setting a stop-loss around $68.Thompson stated that this trade is a short-term bearish operation, rather than a shift to a pessimistic view on HYPE's long-term prospects. He believes that HYPE still has upward potential over a longer time frame, but after a rapid price increase in the short term, a pullback may occur, which is why he chose to engage in intraday or short-term short trading.Recently, HYPE has continued to strengthen and has repeatedly refreshed its historical highs, with a clear intensification of the game between bulls and bears regarding its subsequent trend.

According to Jinshi reports, Federal Reserve's Daly stated that restoring price stability is crucial, but this goal cannot come at the expense of harming the economy.

Binance founder CZ stated on social media, "The AI industry will persist and grow exponentially. However, most AI companies will go bankrupt because there are simply too many.Even the companies that ultimately survive will experience very volatile stock prices. Moreover, new survivors will continuously emerge. This is actually consistent with the development patterns of any emerging industry."

Analyst Alicharts stated that if Ethereum's weekly closing price falls below $1850, a downward acceleration will become very likely. Through technical analysis, Alicharts believes that Ethereum's downward support levels will appear at the following targets:• First target: approximately $1560 (mid-term structural support);• Second target: close to $1070, marking the lower boundary of a multi-year range.

According to Decrypt, analysts at Standard Chartered Bank pointed out in a report on Thursday that the current price of Ethereum does not reflect the growth in its on-chain transaction volume, nor does it reflect the value of digital assets deposited in DeFi applications. The price of Ethereum has "significant room" to catch up with its internal metrics, as its native network is expected to benefit from Wall Street's steady migration to digital assets.Ethereum has dominated the stablecoin and tokenization markets, which are set to experience rapid growth. Analysts reiterated a year-end target price of $4,000 for Ethereum, predicting it could reach $40,000 by 2030. This would bring the price ratio of Ethereum to Bitcoin back up to 0.08. Standard Chartered stated that year-to-date, stablecoins have accounted for 33% of Ethereum transactions.The "Economic Zone" supported by the Ethereum Foundation will launch this summer, further enhancing on-chain activity. As real-world assets go on-chain, if RWAs grow as expected by 50 times, the importance of Ethereum will increase dramatically, with transaction volume and total locked value continuously setting new historical highs.

According to on-chain analyst Yu Jin's monitoring, BTC has dropped another $400, and the last $30.5 million BTC long position on Hyperliquid will be liquidated. He opened a long position of 416.6 BTC ($30.5 million) with 40x leverage at a price of $73,345 in the afternoon, with a liquidation price at $72,433.

According to monitoring by Catcher Predict, in the event "What price will Bitcoin reach in May?" on the prediction market Polymarket, the probability of the "Yes" option in the sub-market "72,500 USD" has experienced significant fluctuations, soaring from 72.5% an hour ago to the current 88.5% (a fluctuation of 16%). Please note the impact of relevant breaking news.

According to Jinshi reports, Federal Reserve's Williams stated that the Middle East war is driving up inflation, and the impact of soaring energy prices should be short-term.

According to analyst Yu Jin, after the launch of the spot ETF, the price trends of BTC and ETH are basically consistent with the fund flows of the ETF: inflows correspond to price increases, and outflows correspond to price decreases.The data provided states that from October last year to now, the BTC ETF size has decreased from $169.5 billion to $96.4 billion, a reduction of 43%. During the same period, the price of BTC fell from $125,000 to $73,000, a decline of 41%; the ETH ETF size decreased from $32 billion to $11.6 billion, a reduction of 63%, while the price of ETH dropped from $4,800 to $2,000, a decline of 59%. Recently, the ETF has continued to experience net outflows, corresponding to a price decline that has lasted for about half a month.

According to Jinshi reports, the annual core PCE price index in the United States for April is 3.3%, in line with market expectations, but higher than the previous value of 3.2%.

According to Jinshi, the U.S. April PCE price index month-on-month was 0.4%, lower than the market expectation of 0.5%, and the previous value was 0.7%.

The decentralized derivatives trading protocol Aster announced the official launch of BTCU and ETHU perpetual contracts through permissionless token listing voting, and introduced a trading event with a total prize pool of $50,000 $U. The official statement indicates that this is one of the world's first perpetual contract trading pairs priced in $U.It is reported that the event will take place from May 27, 10:00 UTC to June 2, 14:00 UTC. During the event, trading BTCU and ETHU will enjoy a 1.5 times weight bonus.The total prize pool of $50,000 will be evenly divided between the two trading pairs (each $25,000), distributed according to the proportion of trading fees generated by users in the corresponding trading pairs, with a maximum individual reward cap of 3% of the corresponding prize pool. Participating users must generate more than $5 in fees on a single trading pair to qualify.In addition, $U (United Stables) is a dollar-pegged stablecoin issued by United Stables Limited, aimed at building a unified liquidity layer across trading, payments, DeFi, institutions, and the AI sector.

According to on-chain analyst Yu Jin (@EmberCN), 14.981 million GUA were unlocked and transferred from the unlocking contract 9 hours ago, valued at approximately 15.18 million USD at the time. They were then all sold off on-chain, causing GUA to plummet by 75%. These GUA were ultimately exchanged for 2,784 ETH, valued at about 5.66 million USD, and deposited into three wallets.

According to monitoring by Catcher Predict, in the event "What price will Bitcoin reach in May?" on the prediction market Polymarket, the "yes" option for the sub-market "72,500 USD" experienced a dramatic fluctuation in winning probability, soaring from 43.5% an hour ago to the current 58.5% (a fluctuation of 15%). Please note the impact of related breaking news.

According to The Block, the stock prices of Bitcoin mining companies transforming into AI and hyperscale computing continue to rise. IREN rose over 13% on Wednesday, nearing an all-time high, after announcing a $3 billion convertible bond financing, collaborating with NVIDIA to build a 5 GW AI data center, and acquiring Mirantis for $625 million. On Tuesday, it also reached a $1.6 billion agreement with Dell to supply the Blackwell AI system.Cipher and Hut 8 both reached all-time highs, with Cipher rising about 9.5% to $25 and Hut 8 rising nearly 5% to $118, with HUT increasing nearly 600% over the past year. TeraWulf rose over 6% on Wednesday, with a year-over-year increase of about 800%, and its HPC business's quarterly revenue exceeded that of its Bitcoin mining business for the first time. Riot rose 3.3% to $27 on Wednesday, with first-quarter data center revenue of $33 million, primarily from its collaboration with AMD. This year, it has sold part of its Bitcoin holdings to finance AI construction and still holds nearly $1.2 billion in Bitcoin.

According to monitoring by Catcher Predict, in the event "What price will Bitcoin reach in May?" on the prediction market Polymarket, the probability of the "yes" option in the sub-market "72,500 USD" has experienced a sharp fluctuation, dropping from 50% an hour ago to the current 20% (a fluctuation of 30%). Please note the impact of related breaking news.

BIT Official released a chart analysis stating that the crypto market has begun to price in the SpaceX IPO in advance. The chart shows that SpaceX plans to IPO on June 12 with an estimated valuation of about $1.74 trillion, nearly 40% higher than the latest internal valuation of $1.25 trillion. Currently, Hyperliquid and Binance have both launched perpetual contracts related to SpaceX, with the implied valuation corresponding to the market price being approximately $2.41 trillion.Markus Thielen believes this indicates that the market is betting on SpaceX completing its IPO at a higher valuation or performing strongly after going public. At the same time, he pointed out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, as crypto trading platforms gradually expand their trading exposure to popular themes in stocks and the primary market.

Bankless founder David Hoffman explained his reasons for liquidating his ETH holdings in a post on X.Hoffman wrote: "I remain extremely optimistic about the Ethereum network and the entire ecosystem ------ Ethereum's architectural design exists to maximize the success probability of its applications, L2, and ecosystem. The 'fat-app' theory means that applications on Ethereum can capture the vast majority of transaction fee revenue; while the 'Rollup-centric' roadmap means that L2 can achieve profit margins of up to 97%.However, for the asset ETH itself, I find it increasingly difficult to see it being repriced by the market on a structural level ------ whether upwards or downwards. Therefore, my selling of ETH is not because I am bearish on ETH, but because I believe the narrative of 'ETH is Money' has essentially played out. I hope to allocate my funds to other opportunities in the market that I see."