Over the past 10 days, Bitcoin (BTC) has been moving sideways, consolidating between $105k to $101k. But three recent developments hint BTC’s price may crash lower to $99k or lower. On May 17, the weekend, BTC trades at $103.3k after dropping 2.52% in the past 24 hours. Ethereum (ETH) and other top cryptocurrencies have also followed Bitcoin’s footsteps and registered a loss. Here’s Why BTC Price Eyes Crash to $99K or Lower In short, the reason for a bearish outlook on BTC price is due to Bitcoin’s technicals, macroeconomic uncertainty, and historical returns. BTC’s technical analysis shows weakening momentum that hints at a correction. Daily Active Addresses (DAA) & New Addresses joining the Bitcoin blockchain have decreased while price continues to ascend, showcasing classic sign of bearish divergence. Lastly, the uncertain macroeconomic conditions due to the US Federal Reserve’s policies have stirred the markets. Trump’s trade war has also caused… Read More at Coingape.com
Bitcoin price breaks $100,000 on May 8, 2025, as ETFs, Fed pause, and state crypto laws fuel rally. Will BTC now advance to new all-time highs?
Bitcoin clears $100,000 first time in 120-days
Bitcoin price crossed the $100,000 mark on Thursday, May 8, 2025, trading at its highest level since February. The milestone represents a 4.5% 24-hour gain, pushing BTC to $100,800 at the daily peak before settling near $99,696 at press time.
Bitcoin price crosses $100,000, May 8 2025 | Coingecko
The renewed BTC price rally on Thursday can be attributed to a convergence of macroeconomic signals, adoption milestones across US states, amid surging institutional demand from Bitcoin ETFs.
Coingecko data further shows data BTC price gained 26.5% in the past 30 days and 59.1% over the last year. Traders now anticipate another leg up as BTC eyes new all-time highs, less than 10% away from breaching its previous record around $107,000.
Market sentiment turned sharply bullish following a formal announcement from President Donald Trump confirmed a comprehensive trade agreement with the United Kingdom. The message emphasized the depth of US-UK relations and hinted at more bilateral deals in the pipeline.
US President Donald Trump Confirms Trade Deal With UK, Source: TruthSocial
The trade optimism has sparked renewed investor appetite for risk assets, with Bitcoin among the biggest beneficiaries.
Trump’s executive order establish crypto strategic reserve in March 2025. has helped frame Bitcoin as a strategic hedge against geopolitical uncertainty and global de-dollarization risks.
2. Three US states enact major crypto laws in rapid succession
Arizona Governor signed House Bill 2749 into law:
On May 7, Arizona Governor Katie Hobbs signed a bill establishing a Bitcoin and Digital Assets Reserve Fund. The fund will be managed by the state treasurer and composed of digital assets obtained through airdrops, staking rewards, and accrued interest.
The bill follows the governor’s veto against Senate Bill 1025, which had proposed investing 10% of states $32 billion Treasury assets in cryptocurrencies and NFTs.
Hobbs cited a preference for budget-neutral, lower-risk strategies in approving HB 2749. The newly-approved law now allows Arizona to engage in passive crypto asset management while maintaining fiscal conservatism. Staking rewards from unclaimed assets held over three years will also be funnelled into the reserve.
Oregon enacts Senate Bill 167:
Oregon state amended the state’s Uniform Commercial Code to include digital assets such as cryptocurrencies, tokenized instruments, and electronic money. Signed into law by Governor Tina Kotek, the legislation introduces UCC Article 12, providing legal clarity on how digital assets can be used as collateral and managed in secured transactions.
Oregon signs Crypto bill into law, May 7, 2025
The new rules also recognize electronic signatures and records, easing digital commerce integration. Transitional provisions give parties a one-year adjustment period. Prior to the update, crypto assets operated in legal gray zones under state law.
With this move, Oregon strengthens its infrastructure for asset-backed crypto innovation and enterprise use cases.
New Hampshire becomes first state to adopt Crypto reserve:
New Hampshire became the first US state to approve Treasury laws to receive and hold Bitcoin in reserve. The move follows prior legislative actions that permitted tax payments in crypto and explored blockchain-based public record systems.
The latest statute, passed on May 8, directs the state to accept Bitcoin from federal forfeitures, grants, and settlements as reserve assets.
It does not authorize discretionary market purchases but ensures crypto assets entering public custody are lawfully held and secured. Treasury officials will partner with approved custodians to manage private keys and staking operations.
3. Fed pause and recession risks reinforce Bitcoin hedge appeal
On Wednesday, US Federal Reserve held interest rates steady in its latest FOMC meeting but flagged rising unemployment as a growing concern. Investors now anticipate multiple rate cuts later in 2025 to cushion a slowing economy.
The shift in tone has rekindled the inflation hedge narrative around Bitcoin, with capital rotating out of treasuries and into hard assets.
Bitcoin’s fixed supply continues to appeal to investors preparing for policy easing and potential currency debasement. Market expectations of looser monetary policy have lifted global risk asset markets and has evidently played a role in driving BTC price above $100,000.
4. Institutional demand and ETF inflows intensify
Institutional capital has remained a key pillar of support during the current rally. Following renewed tensions between the United States and China, large corporate players have accelerated capital allocation into Bitcoin.
Bitcoin ETF Flows | Source: Farside
Exchange-traded funds (ETFs) have played a pivotal role in this dynamic. Over the past 13 trading days, Bitcoin ETFs recorded net inflows of $5.3 billion, with only two days of outflows.
On April 30 and May 6, net redemptions were modest at $56.3 million and $85.7 million, respectively. The consistent inflows indicate sustained institutional conviction and reflect Bitcoin’s growing status as a macro asset class comparable to gold or tech equities.
What’s next?
Bitcoin’s latest move above $100,000 places it within reach of entering a fresh price discovery phase. With only a single-digit percentage gain needed to break prior highs, markets are watching closely for institutional confirmation. If large players hold out for new highs, the rally could extend well into Q2.
However, some analysts suggest a partial rotation into altcoins may occur if Bitcoin shows signs of exhaustion. Capital rotation could benefit Ethereum, Solana, and newer sectors like Crypto AI tokens.
Looking ahead, the direction of Fed policy and geopolitical trade talks will remain key catalysts in the weeks ahead.
At the start of 2025, several altcoins surged to new all-time highs. Others climbed to multi-month peaks, riding the wave of the Donald Trump-fueled rally that swept through the crypto market.
However, Trump’s escalating trade wars and broader macroeconomic unrest have led to a significant downturn in many altcoins, raising questions about the timing of the next altcoin season.
Altcoin Season Slips Further Away
Altcoin season refers to a market cycle in which crypto assets other than Bitcoin significantly outperform BTC in terms of price gains. Many altcoins witness significant price surges during this period, often due to increased investor speculation, capital rotation from BTC into other crypto assets, and bullish sentiment in the market.
This cycle commences when at least 75% of the top 50 altcoins outperform BTC over a three-month period. However, this is far from the reality. The Altcoin Index, which tracks this trend, has plunged to its lowest level since October 2024, signaling continued weakness in the sector.
As of this writing, only 24% of top altcoins have outperformed leading crypto Bitcoin over the past 90 days, highlighting its dominance in the current market cycle. This persistent underperformance suggests that an altcoin season may still be far off.
Further reinforcing this bearish outlook, TOTAL2, the metric tracking the total market capitalization of all cryptocurrencies excluding BTC, has remained in a descending parallel channel since the beginning of the year.
This pattern signals a sustained downtrend. It is formed when an asset’s price moves between two downward-sloping parallel trendlines, with lower highs and lower lows over time. As of this writing, TOTAL2 is at $1.14 trillion, plummeting by 17% since January 1.
This decline confirms the lack of strong bullish momentum across the altcoin market, hinting at zero likelihood of an altcoin season kicking off anytime soon.
Bitcoin Dominance Climbs as Market Pullback Deepens
While the market has witnessed a significant pullback recently amid Trump’s trade wars, Bitcoin dominance has continued to increase. An assessment of Bitcoin’s dominance (BTC.D) on a daily chart confirms the same.
This metric, which measures the percentage of the total cryptocurrency market capitalization that Bitcoin holds, has remained above an ascending trend line since last December. As of this writing, it sits at 61.29%.
If BTC’s dominance remains elevated, it could further delay the prospects of an altcoin season.
Investors in SUI and POL are beginning to rotate into Codename quietly:Pepe, an emerging AI-powered meme coin gaining momentum. The shift appears driven by Codename:Pepe’s innovative use of AI to identify early trends, its strong presale performance, and growing community engagement. As SUI and POL show signs of slowing, investors seem eager to diversify into a project that blends cutting-edge technology with the viral energy of meme culture.
Codename:Pepe Introduces The Ultimate Intel & Trading Ecosystem
Codename:Pepe is designed to do what most crypto traders dream of — it will scan X and Telegram, deciphers on-chain movements, and even tap into insider signals to identify the next viral meme coin before it takes off. It then will generate forecasts and exclusive reports, giving holders access to early trading signals that could make all the difference.
Fully Automated AI-Trader
Why stress over market movements when AI can do the work for you? Codename:Pepe will feature a fully automated AI-trader that executes meme coin trades based on signals. Whether you want hands-free auto-trading or custom strategies, the system would ensure passive income potential with algorithmic precision.
At the core of this ecosystem is $AGNT, the project’s utility token. Holding it will give users access to the platform’s core features:
AI signals and automated trading, making it the core utility token
Exclusive DAO membership where holders shape the project’s direction
Staking with profit distribution, rewarding long-term holders
AI-Launchpad for launching new tokens with AI-driven insights.
$AGNT is currently offered at a discounted price as part of an initial coin offering. The presale in its 20th presale stage, priced at just $0.023809. With the next stage, the price will jump to $0.027777, and the project aims for an ambitious $1 listing price.
The first six stages sold out in days, signaling strong demand and limited time to grab tokens at a low price.
Operating on Ethereum Mainnet, $AGNT is beginner-friendly and accessible to all. Security isn’t an afterthought—Codename:Pepe has passed an audit by Pessimistic, a trusted smart contract security firm, ensuring a rug-free experience.
Codename:Pepe takes a new approach to asset management, aiming to bring real utility to AI-driven trading. With a structured presale, a growing community, and a roadmap focused on usability, it’s a project worth keeping an eye on. Right now, its native $AGNT tokens are available at a discounted price, offering an opportunity to get in early on what could become a leading player in the AI-crypto space.
The SUI token is the native cryptocurrency of the Sui blockchain. It gained notable traction in late 2023 and early 2024, with prices reaching $2.18 by March 27. Though the price experienced volatility, it rebounded in the autumn and hit an all-time high of $2.36 on October 14. The year ended with SUI reaching $5.35, attributed to a rise in Total Value Locked in its system, which exceeded $2 billion. The managing director of the Sui Foundation, Christian Williams, highlighted the ecosystem’s growth and the community’s role in its organic development.
As of early 2025, SUI exhibits fluctuating price predictions based on wave counts. Prices are projected to range from $2.40 to $3.60 by the end of 2025 and drop to a range of $1.03 to $1.27 by the end of 2026. Looking farther ahead to 2030, the projected price range is between $25 and $37. SUI facilitates transactions on Sui blockchain and can be staked for rewards. Mysten Labs, established by former Meta developers, launched Sui in 2023 to address some limitations of existing blockchain technology, focusing on speed and efficiency.
Polygon Network and POL Token Overview
Polygon, formerly known as Matic Network, is a platform designed to link various blockchains and enhance their scalability without compromising on decentralization. It serves as an improved Layer-2 scaling solution with cross-chain capabilities. Under its new branding, Polygon introduced the POL token, migrating from its original token, MATIC, to align with recent upgrades.
The migration process began in September 2024, aiming to support Polygon’s scaling solutions and better integrate its ecosystem. The POL token not only facilitates transactions but also rewards those who validate transactions across the network. Users have the option to buy, sell, and trade POL on various exchanges.
Polygon’s pricing forecasts for upcoming years depend on factors such as market adoption and technological development. By 2025, the POL token could see average prices around $1.50, potentially peaking at $2.50 if the market conditions are favorable. A lower support level of $0.60 might be observed during consolidation periods.
Looking further ahead to 2030, increased adoption could lead to an average price of $3.00, with a potential high of $5.00. These predictions are contingent on network maturity and the broader crypto market environment.
Conclusion
In summary, the migration of investors from coins like SUI and POL to Codename:Pepe signals a pursuit of greater short-term potential. While SUI and POL may have their merits, Codename:Pepe offers immediate opportunities by harnessing advanced intelligence to maximize profits.
Codename:Pepe crypto sets itself apart by utilizing AI to navigate the meme coin market, delivering predictive trading signals and automated trading capabilities. Its community-driven model, capped token supply, and exclusive membership in a specialized DAO provide investors with active engagement and the possibility of significant returns.
The post SUI and POL Investors Are Quietly Rotating Into Codename:Pepe — What’s Fueling This Shift? appeared first on Coinpedia Fintech News
Investors in SUI and POL are beginning to rotate into Codename quietly:Pepe, an emerging AI-powered meme coin gaining momentum. The shift appears driven by Codename:Pepe’s innovative use of AI to identify early trends, its strong presale performance, and growing community engagement. As SUI and POL show signs of slowing, investors seem eager to diversify into …
