Strong Movement in Cryptos After US CPI Data
Bitcoin surpassed the $66,000 level for the first time since April 24 and is up more than 7% in the last 24 hours. This strong movement occurred as the US CPI data for April decreased compared to March and retail sales slowed down. These data were evaluated positively by the market and there were strong price movements in the cryptocurrency market.
Millenium Management Holds $2 Billion Spot Bitcoin Shares
As of the first fiscal quarter, Millennium Management invested approximately $2 billion in Bitcoin ETFs spread across 5 funds. Despite this large investment, this amount represents only 3% of the hedge fund’s $64 billion in managed assets.
Boothbay Holds $5.2 Billion Bitcoin ETF
New York-based fund management company Boothbay reported holding $5.2 billion worth of Bitcoin ETFs. Thus, Boothbay became the largest holder of BlackRock Fidelity and Bitwise Bitcoin ETFs.
Morgan Stanley Announces That It Is Investing in Bitcoin
Morgan Stanley disclosed in its first quarter 13F disclosure that Grayscale invested $269.9 million in spot Bitcoin ETFs through its GBTC fund. This investment makes Morgan Stanley one of the largest holders of GBTC, following Susquehanna International Group’s $1 billion lead investment, according to data.
ShibaSwap 2.0 Goes Live
The Shiba Inu ecosystem is launching its decentralized exchange on Shibarium as ShibaSwap 2.0. This updated DEX will be available on Ethereum and Shibarium. ShibaSwap 2.0 will offer improvements to liquidity management, staking, trend analysis, and exploration charts for new tokens. A portion of transaction fees will be distributed to liquidity providers and increase the value of LP tokens.
El Salvador Mines Bitcoin Using Volcanic Geothermal Energy
Since 2021, El Salvador has mined 474 Bitcoins with geothermal energy obtained from the Tecapa volcano, increasing its total bitcoin holdings to 5750, reaching a value of approximately $380 million. President Nayib Bukele, who was re-elected in February 2024, added 300 new processors for Bitcoin mining, but only 1.5 megawatts of the 102 megawatt power plants operated by the government are used for this purpose.
Cooperation Between Ripple and Evmos
Ripple announced that it is collaborating with Cosmos’ EVM-based protocol, Evmos, to create the XRP Ledger EVM sidechain. The XRP Ledger (XRPL) sidechain will be built on the evmOS solution, where they will attempt to prioritize native Web3 enterprise applications and their compatibility with EVM.
Mastercard Launches Next Generation Blockchain Payments Startup Program
Fintech giant Mastercard announced the addition of five new startups to its Start Path Blockchain and Digital Assets program on May 15. The Start Path Blockchain and Digital Assets program is described as a fintech accelerator program focused on ‘exploring future use cases of new blockchain startup payments’ to scale new solutions with startups around the world.
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BITCOIN (BTC)
BTC is priced at $65,800 with a 0.59% loss in value as of the morning hours. After yesterday’s data, we saw quite large increases in the price. After the retest below the horizontal band, the middle part of the horizontal band, that is, the $ 66,500 level, was tested. For now, it seems like it has been rejected from this region. In case of a pullback, the first support appears strong at $65,000, followed by $63,500. In case of an upward break, a movement up to $72,500 may be seen.
ETHEREUM (ETH)
ETH is priced at $3006 with a 0.87% loss of value as of the morning hours. After being rejected in the middle part of the horizontal band, the lower level, that is, the $ 2920 level, was tested again. It reacted again from this region and rose above $3000. With the selling pressure from this level, a retreat occurs. The first support level appears to be $2950. If there is an upward break above $3100, there may be increases up to $3350.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5194 with a 0.08% gain in value. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.48 level, but it could not be permanent. $0.50 is a critical level and this level has been regained. Initial support again appears to be the range between $0.50 and $0.51. Areas where there may be resistance include the $0.55 and $0.58 levels.
AVALANCHE (AVAX)
AVAX is priced at $34.60 with a 0.12% gain in value as of the morning hours. There is a horizontal line between $40 and $31. If a breakout of $39 occurs and persistence is achieved, a rise to $45 can be seen. The $34 level was broken upwards. For this reason, the next resistance zone appears to be $36, then $40. In case of a pullback, $34 is a strong support zone.
SOLANA (SOL)
SOL is priced at $162 with a 2.19% gain in value as of the morning hours. When we examine the daily chart, we see that both the falling trend line and the horizontal resistance area were broken upwards with the upward movement experienced yesterday. If this movement continues, a move towards the $170 region may be possible. In case of withdrawals, the $160 region can be followed as support.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $ 13,967 with a 0.71% gain in value. When we examine the daily chart, we see that the downward movement broke upward after the US CPI data announced yesterday. If this movement continues, the first resistance areas appear as 14,500 and 15 dollars. In case of withdrawals, the $ 13,500 region can be followed as support.
FTM
FTM is priced at $0.8049 with a 6.02% gain in value as of the morning hours. When we examine the four-hour chart, we see that the long-standing consolidation zone has been broken upwards. If this movement continues and persists above the $0.80 region, $0.85 can be tested. In downward movements, the $0.78 region can be followed as support.
ADA
ADA is priced at $0.4595 with a 1.57% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is a pricing close to the $0.46 level, which is the falling trend zone. If persistence is achieved above this region, the $0.50 region can be targeted. In case of withdrawals, the $0.45 region appears as support.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2393 dollars with a 0.30% gain in value. When we examine the four-hour chart, we see that there is no persistence above the $ 2400 level. After determining $2308 as a strong support, it rose again to $2400. If there is persistence above $2400, a new ATH level can be seen. In case of a withdrawal, $2382 appears as the first support.
OUNCE OF SILVER
Silver is priced at $29.60 with a 0.21% loss in value as of the morning hours. When we examine the daily chart, we see that the $29 resistance level has broken strongly upwards after the US CPI data announced yesterday. If this movement continues, the $30 region appears as resistance. In case of withdrawals, the $29 level can be followed as support.
