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In Brief SUI increased by approximately 75% in one month, surpassing the $4.00 mark. Investors expect the altcoin to challenge its $5.30 all-time high. Strengthening technical indicators and ecosystem figures support SUI's rally.
In Brief The crypto market is showing similarities to the Dot-Com bubble era. There is a bullish expectation for XRP and SEI with potential price increases. Institutional interest in crypto may support Bitcoin and altcoins' prices.
In Brief Bitcoin price hovers around $103,000, with altcoins slowing due to stock rally loss. Ethereum's gain potential remains high, aligning with many market predictions. Institutional demand for crypto remains significant, focusing on Ethereum's infrastructure.
- 21:09Analyst: Bitcoin Weekly MACD Indicates Potential for Significant Price IncreaseBlockBeats reports that on May 14, Coindesk analyst Omkar Godbole stated that Bitcoin's weekly MACD histogram has crossed the zero line, indicating a resurgence of bullish momentum. This bullish signal coincides with Bitcoin rebounding from the 50-week Simple Moving Average (SMA), mirroring the trends seen in mid-2024 and early 2023, when BTC subsequently experienced significant increases. The analyst noted that over the past five years, the MACD has entered the positive zone five times, with only one false signal occurring in March 2022 (circled in the chart), leading bulls to misjudge the market direction.
- 21:06Mixed Closing for the Three Major U.S. Stock IndicesThe three major U.S. stock indices closed with mixed results, with the Nasdaq up 0.72%, the S&P 500 up 0.1%, and the Dow Jones down 0.21%. Most large tech stocks rose, with Tesla and Nvidia both gaining over 4%.
- 20:01Bitget Launches USDT-Margined MYX and LAUNCHCOIN Perpetual ContractsOn May 14, Bitget announced the launch of U-based MYX and LAUNCHCOIN perpetual contracts, both with a leverage range of 1-20x, and contract trading BOT will be opened simultaneously.