Key points:

Bitcoin slipped below $109,588, but technical charts suggest traders are buying each dip.

Excessive leverage in Bitcoin futures increases the risk of a quick correction.

Select altcoins have turned down from their respective overhead resistance levels, signaling that the bears remain sellers on rallies.

Sellers have pulled Bitcoin (BTC) back below the breakout level of $109,588, but lower levels are likely to attract buyers. Investor interest remains strong, with the US spot Bitcoin exchange-traded funds witnessing inflows of $934 million on May 22 and $608 million on May 21, according to SoSoValue data.

Glassnode noted that the all-time high above $109,588 led to a total profit-taking volume of roughly $1 billion, far more muted than the $2 billion when the price rose above $100,000 in December. That shows the investors expect the up move to continue.

Veteran trader Peter Brandt said in a post on X that Bitcoin was on target to hit between $125,000 and $150,000 by the end of August.

Crypto market data daily view. Source: Coin360

A strong rally attracts speculators who load up on leverage. CoinGlass data shows that Bitcoin futures open interest rose to just over $80 billion on May 23. Excessive leverage increases the risk of forced liquidation when prices witness a sharp pullback. Therefore, traders should exercise caution.

What are the critical support levels for Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Sellers are trying to sustain the price below the breakout level of $109,588, which may trap the aggressive bulls. That could pull the price to the 20-day exponential moving average ($103,652).

BTC/USDT daily chart. Source: Cointelegraph/TradingView

A solid bounce off the 20-day EMA suggests that the sentiment remains positive and traders are buying on dips. The bulls will then again attempt to resume the uptrend by pushing the price above $111,980. If they can pull it off, the BTC/USDT pair could dash toward the target objective of $130,000.

The first sign of weakness will be a break below the 20-day EMA. That clears the path for a drop to the psychologically crucial level of $100,000. Buyers are expected to fiercely defend the $100,000 level because a break below it could sink the pair to the 50-day simple moving average ($94,001).

Ether price prediction

Ether (ETH) turned down from the $2,738 resistance, indicating that the bears are vigorously defending the level.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The ETH/USDT pair could drop to the 20-day EMA ($2,388), which is a vital support to keep an eye on. If the price rebounds off the 20-day EMA with strength, the bulls will again try to clear the $2,738 hurdle. If they do that, the pair could soar to $3,000. There is resistance at $2,850, but it is likely to be crossed.

This positive view will be invalidated in the near term if the price continues to fall and breaks below the 20-day EMA. The pair could plunge to $2,323 and then to $2,111.

XRP price prediction

XRP (XRP) remains stuck inside the $2.65 to $2 range, indicating a balance between supply and demand.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($2.35) is flattening out, and the RSI is near the midpoint, suggesting that the XRP/USDT pair may extend its stay inside the range for a few more days.

A break and close above $2.65 will complete a bullish inverse head-and-shoulders pattern, which has a target objective of $3.70. Alternatively, a break below the $2 level suggests that the bears have overpowered the bulls. That increases the likelihood of a drop to $1.60 and subsequently to $1.27.

BNB price prediction

BNB (BNB) turned down sharply from the $693 resistance on May 23, signaling aggressive selling by the bears.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The BNB/USDT pair bounced off the 20-day EMA ($647), as seen from the long tail on the candlestick. That shows solid buying at lower levels. The bulls will again try to thrust the price above $693. If they manage to do that, the pair could skyrocket to the $732 to $761 resistance zone.

Instead, if the price turns down and breaks below the 20-day EMA, it suggests that the bulls are booking profits. The pair may then plummet to the 50-day SMA ($612).

Solana price prediction

Solana (SOL) climbed above the $180 resistance on May 23, but the bears are posing a strong challenge at $185.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($167) and the RSI in the positive zone indicate the path of least resistance is to the upside. If buyers sustain the price above $185, the SOL/USDT pair could rally to $210 and later to $220.

Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it suggests that the bulls are rushing to the exit. That heightens the risk of a drop to the 50-day SMA ($147).

Dogecoin price prediction

Dogecoin (DOGE) turned down from the $0.26 overhead resistance on May 23, indicating that the bears are fiercely defending the level.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The DOGE/USDT pair could descend to the 20-day EMA ($0.21), which is an important support to watch out for. A solid bounce off the 20-day EMA signals a positive sentiment, improving the prospect of a break above $0.26. If that happens, the pair could rally to $0.35. There is resistance at $0.29, but it is likely to be crossed.

This optimistic view will be invalidated in the near term if the price turns down and breaks below $0.21. That suggests a possible range-bound action between $0.14 and $0.26.

Cardano price prediction

Cardano (ADA) bounced off the neckline of the inverse H&S pattern, but the bulls could not clear the overhead obstacle at $0.86.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

If the price continues lower and breaks below the neckline, it shows that the bears are active at higher levels. The ADA/USDT pair could drop to the 50-day SMA ($0.69) and later to the solid support at $0.60.

Contrarily, a solid bounce off the 20-day EMA ($0.75) shows demand at lower levels. The bulls will then again attempt to kick the price above $0.86. If they succeed, the pair could ascend to $1.01.

Related: Bitcoin’s new all-time high has traders asking: Is BTC price overheating at $111K?

Sui price prediction

Buyers failed to push Sui (SUI) above the overhead resistance of $4.25 on May 22, indicating that the bears are aggressively defending the level.

SUI/USDT daily chart. Source: Cointelegraph/TradingView

Repeated failure to cross the $4.25 level may have tempted short-term buyers to book profits. That pulled the price below the 20-day EMA ($3.73). If the price sustains below the 20-day EMA, the SUI/USDT pair could plummet to the 50-day SMA ($3.09).

On the contrary, if the price turns up from the 20-day EMA and breaks above $4.25, it indicates the resumption of the up move. The pair could climb to $5 and eventually to $5.37, where the bears are expected to step in.

Hyperliquid price prediction

Hyperliquid (HYPE) soared above the stiff overhead resistance of $28.50 on May 22, indicating the start of the next leg of the up move.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The bulls pushed the price above the $35.73 resistance on May 23, but the long wick on the candlestick shows the bears are trying to defend the level. If buyers do not cede much ground to the bears, the HYPE/USDT pair could surge to $42.25.

Time is running out for the bears. If they want to make a comeback, they will have to swiftly drag the price back below the 20-day EMA ($26.32). That signals the pair has formed a local top near $37.59.

Chainlink price prediction

Chainlink (LINK) closed above the resistance line of the descending channel pattern on May 22, but the bulls are finding it difficult to maintain the momentum.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

The bears are trying to pull the price back into the descending channel. If the price skids below the neckline, it suggests that the breakout above the resistance line may have been a bull trap. The LINK/USDT pair could sink to $13.20, keeping the price stuck inside the channel for some more time.

Conversely, a solid bounce off the resistance line indicates that the bulls are trying to flip the level into support. The pair could rise to $18 and thereafter to $19.80.

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.

Risk appetite across traditional and cryptocurrency markets saw a sharp rise this week, helping United States cryptocurrency funds recover the capital lost to the correction of February and March, amassing over $7.5 billion worth of weekly inflows.

Bitcoin (BTC) surpassed its old all-time high on May 21, two days after President Donald Trump confirmed ongoing ceasefire negotiations between Russia and Ukraine in a May 19 X post.

Meanwhile, popular analyst and Global Macro Investor CEO Raoul Pal warned of more fiat currency debasement, urging investors to gain more exposure to cryptocurrencies and non-fungible tokens (NFTs), as these assets “will never be this cheap again.”

Exponential currency debasement: “You don’t own enough crypto, NFTs”

Cryptocurrencies and NFTs can help investors protect their eroding purchasing power during an era of exponential currency debasement, according to analysts and industry leaders.

Investing in digital assets is becoming increasingly important in the “world of the exponential age and currency debasement,” according to Raoul Pal, founder and CEO of Global Macro Investor.

“You don’t own enough crypto. When you do, you don’t own enough NFT’s, as art is upstream of wealth. Both will never be this cheap again,” Pal said.

NFTs are “the single best long term store of wealth I know and you get to buy it before network effects kick in,” he added in another response.

Source: Raoul Pal

“There is some validity to the statement that NFTs, and in extension art, become a vehicle for the wealthy once a certain level of wealth is reached,” wrote Nicolai Sondergaard, research analyst at Nansen, calling it a “natural move” for asset diversification.

“For traders and investors, further down the wealth curve, NFTs are partially about speculating on future returns,” he told Cointelegraph, adding that NFTs also benefit from the allure of strong communities, beyond just wealth creation.

Continue reading

US crypto funds top $7.5 billion inflows in 2025 as investor appetite grows

Crypto investment products in the United States have attracted over $7.5 billion worth of investment in 2025, with a fifth week of net positive inflows last week signaling growing investor demand for digital assets.

US-based crypto investment products attracted $785 million worth of investment last week, pushing the year-to-date (YTD) total to over $7.5 billion, according to a May 19 report by digital asset manager CoinShares.

The latest figure marks the fifth consecutive week of net positive flows, following nearly $7 billion in outflows during February and March.

Weekly crypto asset flows, USD, million. Source: CoinShares

The United States accounted for the bulk of inflows, with $681 million, followed by Germany at $86.3 million and Hong Kong at $24.4 million.

Crypto flows by country. Source: CoinShares

Investor demand for risk assets such as cryptocurrencies staged a significant recovery after the White House announced a 90-day pause on additional tariffs on May 12, which marked a 24% cut for import tariffs for both the US and China.

A day after the announcement, Coinbase exchange saw 9,739 Bitcoin worth more than $1 billion withdrawn from the exchange — the highest net outflow recorded in 2025, signaling that institutional appetite was “accelerating,” according to Bitwise’s head of European research, André Dragosch.

Continue reading

VanEck to launch Avalanche ecosystem fund

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph.

The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence. 

Idle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) products, including tokenized money market funds, VanEck said.

The fund will be managed by the team behind VanEck’s Digital Assets Alpha Fund (DAAF), which oversees more than $100 million in net assets as of May 21. 

“The next wave of value in crypto will come from real businesses, not more infrastructure,” Pranav Kanade, portfolio manager for DAAF, said in a statement.

RWAs are among crypto’s fastest-growing segments. Source: RWA.xyz

Continue reading

Yield-bearing stablecoins surge to $11 billion, now 4.5% of market: Report

Yield-bearing stablecoins have soared to $11 billion in circulation, representing 4.5% of the total stablecoin market, a steep climb from just $1.5 billion and a 1% market share at the start of 2024.

One of the biggest winners is Pendle, a decentralized protocol that enables users to lock in fixed yields or speculate on variable interest rates. Pendle now accounts for 30% of all yield-bearing stablecoin total value locked (TVL), roughly $3 billion, according to a report from Pendle compiled by analysts from Spartan Group and Modular Capital shared with Cointelegraph.

The report noted that stablecoins make up 83% of its $4 billion total value locked, a sharp rise from less than 20% just a year ago. In contrast, assets such as Ether (ETH), which historically contributed 80%–90% of Pendle’s TVL, have shrunk to less than 10%.

Traditional stablecoins like USDt (USDT) and USDC (USDC) do not pass on interest to holders. With over $200 billion in circulation and US Federal Reserve interest rates at 4.3%, Pendle estimates that stablecoin holders are missing out on more than $9 billion in annual yield.

Pendle TVL share by assets. Source: Pendle

Continue reading

Tether surpasses Germany’s $111 billion of US Treasury holdings

Tether, the $151 billion stablecoin issuance giant, has surpassed Germany in United States Treasury bill holdings, showcasing the benefits of a diversified reserve strategy that has helped the firm navigate the volatility of the cryptocurrency market.

Tether, the issuer of the world’s largest stablecoin, USDT, has surpassed Germany’s $111.4 billion worth of US Treasurys, data from the US Department of the Treasury shows.

Foreign countries by US Treasury holdings. Source: Ticdata.treasury.gov

Tether has surpassed $120 billion worth of Treasury bills, the firm shared in its attestation report for the first quarter of 2025. That makes Tether the 19th largest entity among all counties in terms of T-bill investments.

“This milestone not only reinforces the company’s conservative reserve management strategy but also highlights Tether’s growing role in distributing dollar-denominated liquidity at scale,” wrote Tether in the report. 

During 2024, Tether was the seventh-largest buyer of US Treasurys across all countries, surpassing Canada, Taiwan, Mexico, Norway, Hong Kong and numerous other countries, Cointelegraph reported in March 2025.

Continue reading:

DeFi market overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.

Worldcoin (WLD) rose over 32% as the week’s biggest gainer in the top 100, followed by the Hyperliquid (HYPE) token, up over 30% on the weekly chart.

Total value locked in DeFi. Source: DefiLlama

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.

Risk appetite across traditional and cryptocurrency markets saw a sharp rise this week, helping United States cryptocurrency funds recover the capital lost to the correction of February and March, amassing over $7.5 billion worth of weekly inflows.

Bitcoin (BTC) surpassed its old all-time high on May 21, two days after President Donald Trump confirmed ongoing ceasefire negotiations between Russia and Ukraine in a May 19 X post.

Meanwhile, popular analyst and Global Macro Investor CEO Raoul Pal warned of more fiat currency debasement, urging investors to gain more exposure to cryptocurrencies and non-fungible tokens (NFTs), as these assets “will never be this cheap again.”

Exponential currency debasement: “You don’t own enough crypto, NFTs”

Cryptocurrencies and NFTs can help investors protect their eroding purchasing power during an era of exponential currency debasement, according to analysts and industry leaders.

Investing in digital assets is becoming increasingly important in the “world of the exponential age and currency debasement,” according to Raoul Pal, founder and CEO of Global Macro Investor.

“You don’t own enough crypto. When you do, you don’t own enough NFT’s, as art is upstream of wealth. Both will never be this cheap again,” Pal said.

NFTs are “the single best long term store of wealth I know and you get to buy it before network effects kick in,” he added in another response.

Source: Raoul Pal

“There is some validity to the statement that NFTs, and in extension art, become a vehicle for the wealthy once a certain level of wealth is reached,” wrote Nicolai Sondergaard, research analyst at Nansen, calling it a “natural move” for asset diversification.

“For traders and investors, further down the wealth curve, NFTs are partially about speculating on future returns,” he told Cointelegraph, adding that NFTs also benefit from the allure of strong communities, beyond just wealth creation.

Continue reading

US crypto funds top $7.5 billion inflows in 2025 as investor appetite grows

Crypto investment products in the United States have attracted over $7.5 billion worth of investment in 2025, with a fifth week of net positive inflows last week signaling growing investor demand for digital assets.

US-based crypto investment products attracted $785 million worth of investment last week, pushing the year-to-date (YTD) total to over $7.5 billion, according to a May 19 report by digital asset manager CoinShares.

The latest figure marks the fifth consecutive week of net positive flows, following nearly $7 billion in outflows during February and March.

Weekly crypto asset flows, USD, million. Source: CoinShares

The United States accounted for the bulk of inflows, with $681 million, followed by Germany at $86.3 million and Hong Kong at $24.4 million.

Crypto flows by country. Source: CoinShares

Investor demand for risk assets such as cryptocurrencies staged a significant recovery after the White House announced a 90-day pause on additional tariffs on May 12, which marked a 24% cut for import tariffs for both the US and China.

A day after the announcement, Coinbase exchange saw 9,739 Bitcoin worth more than $1 billion withdrawn from the exchange — the highest net outflow recorded in 2025, signaling that institutional appetite was “accelerating,” according to Bitwise’s head of European research, André Dragosch.

Continue reading

VanEck to launch Avalanche ecosystem fund

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph.

The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence. 

Idle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) products, including tokenized money market funds, VanEck said.

The fund will be managed by the team behind VanEck’s Digital Assets Alpha Fund (DAAF), which oversees more than $100 million in net assets as of May 21. 

“The next wave of value in crypto will come from real businesses, not more infrastructure,” Pranav Kanade, portfolio manager for DAAF, said in a statement.

RWAs are among crypto’s fastest-growing segments. Source: RWA.xyz

Continue reading

Yield-bearing stablecoins surge to $11 billion, now 4.5% of market: Report

Yield-bearing stablecoins have soared to $11 billion in circulation, representing 4.5% of the total stablecoin market, a steep climb from just $1.5 billion and a 1% market share at the start of 2024.

One of the biggest winners is Pendle, a decentralized protocol that enables users to lock in fixed yields or speculate on variable interest rates. Pendle now accounts for 30% of all yield-bearing stablecoin total value locked (TVL), roughly $3 billion, according to a report from Pendle compiled by analysts from Spartan Group and Modular Capital shared with Cointelegraph.

The report noted that stablecoins make up 83% of its $4 billion total value locked, a sharp rise from less than 20% just a year ago. In contrast, assets such as Ether (ETH), which historically contributed 80%–90% of Pendle’s TVL, have shrunk to less than 10%.

Traditional stablecoins like USDt (USDT) and USDC (USDC) do not pass on interest to holders. With over $200 billion in circulation and US Federal Reserve interest rates at 4.3%, Pendle estimates that stablecoin holders are missing out on more than $9 billion in annual yield.

Pendle TVL share by assets. Source: Pendle

Continue reading

Tether surpasses Germany’s $111 billion of US Treasury holdings

Tether, the $151 billion stablecoin issuance giant, has surpassed Germany in United States Treasury bill holdings, showcasing the benefits of a diversified reserve strategy that has helped the firm navigate the volatility of the cryptocurrency market.

Tether, the issuer of the world’s largest stablecoin, USDT, has surpassed Germany’s $111.4 billion worth of US Treasurys, data from the US Department of the Treasury shows.

Foreign countries by US Treasury holdings. Source: Ticdata.treasury.gov

Tether has surpassed $120 billion worth of Treasury bills, the firm shared in its attestation report for the first quarter of 2025. That makes Tether the 19th largest entity among all counties in terms of T-bill investments.

“This milestone not only reinforces the company’s conservative reserve management strategy but also highlights Tether’s growing role in distributing dollar-denominated liquidity at scale,” wrote Tether in the report. 

During 2024, Tether was the seventh-largest buyer of US Treasurys across all countries, surpassing Canada, Taiwan, Mexico, Norway, Hong Kong and numerous other countries, Cointelegraph reported in March 2025.

Continue reading:

DeFi market overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.

Worldcoin (WLD) rose over 32% as the week’s biggest gainer in the top 100, followed by the Hyperliquid (HYPE) token, up over 30% on the weekly chart.

Total value locked in DeFi. Source: DefiLlama

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.