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Solana’s price fell to a 14-month low after a 20% crash, but with the RSI in the oversold zone and investor support intact, the altcoin may be poised for a recovery.
Bitcoin has dropped below the $75,000 mark, signaling a bearish phase. However, futures data and positive funding rates suggest market optimism persists despite the dip.
Bitcoin has faced a steep decline below $80,000, wiping out $25 billion in gains. The altcoin's recovery depends on holding key support and overcoming bearish market sentiment.
Altcoins may see major volatility this week with over $328 million worth of tokens set to be released in the market.
Quick Take Teucrium Investment Advisors LLC is launching a leveraged XRP ETF on Tuesday, which is the first XRP-based ETF in the U.S. market. Multiple U.S. issuers have filed for spot XRP ETFs, which are still being reviewed by the SEC. One analyst said the likelihood of spot XRP ETFs being approved this year has grown, but demand for such funds remains uncertain.
- 15:26Whale Sells 197 WBTC On-Chain for $20.44 MillionPANews May 14th news, according to Ember monitoring, in the past half hour, a whale transferred 197.1 WBTC from a CEX to an on-chain address, sold them at a price of $103,697, and obtained $20.444 million USDT. The USDT was then transferred back to the CEX, suspected to have completed a short-term arbitrage operation.
- 15:25BTC falls below $103,000Market data shows that BTC has fallen below $103,000, currently reported at $102,995.44, with a 24-hour decline of 0.28%. The market is highly volatile, so please ensure proper risk management.
- 15:25Analyst: Bitcoin Doesn't Need Wall Street, But Wall Street Needs BitcoinAccording to a report by Cointelegraph, as reported by Jinse Finance, individual investors have sold 247,000 Bitcoins this year, while institutions, funds, ETFs, and governments have increased their holdings by 225,000. In 2024, individuals sold 525,000 Bitcoins to institutions and ETFs, while institutions accumulated an increase of 831,000. Analyst Sky Wee warns that Bitcoin is at risk of being monopolized by financial elites. As one of Forbes' 2025 "30 Under 30 Blockchain Visionaries," Wee emphasizes that Bitcoin does not need Wall Street, but Wall Street needs Bitcoin. He believes that while institutional participation brings liquidity and legitimacy, the true power of Bitcoin lies in individual self-custody and direct participation, rather than through ETFs or centralized platforms.