Bitcoin (BTC) finally printed $100,000 on major exchanges for the first time since February, before retreating slightly as profit‑taking set in.
The breakout gathered pace as the Federal Reserve’s interest rates remained stable, and President Trump announced positive developments in the tariff deals with multiple countries.
Donald Trump Signs a Trade Deal With the UK
Today, Trump announced the first deal since his administration’s sweeping tariff program began last month. The US president said that his government reached an agreement with the UK, and several other deals are in the final stages.
The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come. Because of our long time history and allegiance together, it is a great honor to have the United…
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) May 8, 2025
A Reuters report indicates the agreement will reduce US‑UK duties on steel and autos, easing supply‑chain inflation fears that have dogged risk assets since the tariff shock.
Risk‑on sentiment spilled into crypto, with more than $492 million in short positions liquidated across derivatives venues in the past 24 hours, according to CoinGlass data.
Traders now eye $105,000 as the next resistance. Should Trump’s deal materialize without surprises, bulls argue the path to $120,000 could open quickly
Immutable’s (IMX) price has been on a significant downtrend recently, falling to multi-year lows. The token has suffered a sharp decline, and its price is currently hovering around $0.433.
If the current trend continues, there is a possibility that IMX could form a new all-time low (ATL).
Immutable Investors Are Giving Up
The supply of Immutable on exchanges has risen dramatically in the past two weeks. A total of 30 million IMX tokens have been added, increasing the overall supply to 165 million IMX. This surge in supply is worth approximately $13 million and indicates a shift in investor sentiment.
As investors begin to sell off their holdings, this suggests growing skepticism about the token’s future prospects. The trend has led to an increase in selling pressure, which further exacerbates the current price decline.
The overall macro momentum for Immutable appears to be unfavorable at this point. Active addresses, which measure the number of unique addresses engaging with the network, are at a low level. The lack of participation reflects investor hesitation and reduced confidence in the token’s potential.
When fewer addresses are interacting with the network, it generally indicates a lack of new capital entering the market. As a result, this decline in activity has contributed to the negative sentiment surrounding IMX.
IMX price is down nearly 40% over the past two weeks, with the 30 million token sell-off playing a significant role in the decline. At the time of writing, the price is at $0.433, holding just above the critical support level of $0.400. If this support is broken, the price could fall further, potentially reaching $0.375 or below, resulting in a new all-time low.
The continued drawdown suggests that the token may not see a recovery soon unless the market conditions improve. If IMX manages to hold above $0.400, there is a slim chance it could stabilize before testing further resistance levels. However, breaking through the $0.400 support would likely lead to more losses.
For a more optimistic scenario, IMX would need to reclaim the support level of $0.508. This could pave the way for a potential recovery, allowing the price to rise toward $0.684.
A successful breach of these levels could invalidate the bearish outlook and offer some hope for reversing recent losses.
Made in USA coins are drawing attention heading into the weekend, with five standout tokens leading the charge: EOS, ONDO, SUI, KAS, and EIGEN. EOS surged nearly 7% following a controversial $3 million purchase by World Liberty Financial, while ONDO remains a major RWA player despite short-term volatility.
SUI continues to ride momentum from its meme coin and DEX activity, and Kaspa (KAS) shows strong upside potential with a possible golden cross forming. Meanwhile, EigenLayer (EIGEN) is facing a sharp pullback but still holds bullish signals if support levels can hold.
EOS
EOS is up nearly 7% in the last 24 hours, sparked by World Liberty Financial’s surprise $3 million purchase of the token. The move has stirred controversy across the crypto community, especially given WLFI’s recent $125 million loss from allegedly selling ETH at a local bottom.
While some have raised concerns about potential market manipulation, there’s currently no hard evidence of foul play. EOS, which has spent much of the past year trading below $0.50, briefly surged over 9% following the news, reigniting interest in a project many considered dormant.
Technically, if bullish momentum persists, EOS could break above the key resistance level at $0.88. A clear breakout there may open the door for a run toward the psychological $1 mark.
However, if sentiment shifts and the rally fades, EOS could retest support at $0.663. A break below that would likely trigger further downside, potentially dragging the token back toward the $0.58 region.
Ondo Finance (ONDO)
Real-world asset (RWA) tokenization is gaining serious momentum. The sector reached an all-time high of $22.5 billion, up 5.87% in the last 30 days.
Private credit accounts for $13.1 billion of the total, highlighting growing institutional interest in bridging TradFi with blockchain infrastructure.
Amid this surge, ONDO has emerged as one of the largest players in the RWA space, despite its token price slipping over 3% in the past 24 hours. Still, ONDO is up 16.2% over the last month, reflecting sustained investor confidence in the narrative.
Looking ahead, if bullish sentiment returns, ONDO could test resistance at $1.04. A breakout above that level may push the price toward $1.20.
However, if the correction deepens, the token faces key support levels at $0.86 and $0.819.
Should the downtrend accelerate, ONDO may fall further to $0.73 or even $0.663, making short-term price action heavily dependent on whether the broader hype around RWA and Made in USA coins continues or fades.
SUI
SUI has been gaining traction in recent months thanks to its growing meme coin ecosystem and expanding DEX infrastructure.
While its DEX volume surged 36.7% over the past week, it recorded the smallest increase among the top eight chains and currently ranks sixth in total DEX volume.
Despite this, market interest remains strong, with SUI up 83% in the last 30 days—though it has cooled slightly, slipping 1.25% over the past week.
Technically, SUI’s EMA lines still indicate bullish momentum.
If buyers regain control, the token could test resistance at $3.89, and a breakout there may open the path toward $4.24.
On the downside, if SUI fails to hold support at $3.63, the next targets are $3.27 and potentially $2.92 in the event of further selling pressure.
Kaspa (KAS)
Kaspa (KAS) has delivered strong performance recently, climbing 18.5% in the last seven days and 56.7% over the past month. Its market cap now stands at $3.17 billion, even as 24-hour trading volume has dipped by 20% to $99.38 million.
EMA indicators suggest a potential golden cross formation, which could signal further upside. If momentum continues, KAS may test resistance at $0.155, and a successful breakout could push the price toward $0.188, making it one of the most interesting Made in USA coins for the weekend.
However, if the trend weakens, key support levels lie at $0.114 and $0.103. Losing those could trigger a deeper correction, with downside targets as low as $0.082.
Eigenlayer (EIGEN)
EigenLayer (EIGEN) has seen mixed price action this week—up 16% over the past seven days, but down 11% in the last 24 hours alone.
The recent drop pushed its price below $1.40 and dragged its market cap under the $400 million mark, signaling a potential cooldown after last week’s rally.
Despite the pullback, EIGEN’s EMA lines remain in a bullish formation. If the downtrend continues, the token may test key support at $1.22, with further downside possible toward $1.084 if that level fails.
However, if EigenLayer regains its prior momentum, it could retest resistance at $1.49, and a breakout there may pave the way for a move toward $1.63.
Vanadi Coffee’s shareholders approved its Bitcoin accumulation plan, opening with a $6.8 million purchase of 54 BTC. It plans to invest $1.17 billion in total, which would make it Spain’s largest Bitcoin holder.
So far, Vanadi’s plan seems to be working, with impressive stock price gains in the last few days. However, economists warn of a corporate Bitcoin bubble that the firm might not be able to withstand.
Earlier this month, Vanadi Coffee did the same, proposing to spend over $1 billion on Bitcoin to replace a flailing core business. At a board meeting yesterday, shareholders unanimously approved the proposal:
NEW: Spanish coffee shop chain Vanadi Coffee announces that shareholders unanimously approved authorizing the Board to negotiate convertible financing lines up to €1B to fund its bitcoin accumulation strategy. pic.twitter.com/3W629cXZti
Since then, things have been moving quite fast. Vanadi has already purchased a significant quantity of Bitcoin, further showing its commitment to carrying out the plan.
Its stock valuation rose around 20% today, building on several days of momentum. Hype built as the board meeting approached, continuing throughout its affirmative decision and these early purchases.
At first glance, this strategy is paying off immediate dividends. If Vanadi manages to spend $1.17 on BTC acquisitions, it’ll become the biggest Bitcoin holder in Spain.
Last year, the firm lost $3.7 million, raising questions about its sustainability in the coffee business. Using its resources for a Web3 pivot could be its best chance of survival.
If major holders liquidate their holdings, it could send a cascade of volatility through the global markets. Since Vanadi’s core business is underwater, it’s issuing debt to buy Bitcoin, making this the core focus.
Not everyone can manage this feat. If Vanadi gets squeezed by crypto volatility, a few Bitcoin liquidations could spin out of control.
All that is to say, there are a lot of mixed signals in the market. Vanadi is committing hard to Bitcoin, and it’s already reaping significant rewards.
Spanish coffee shop chain Vanadi Coffee announces that shareholders unanimously approved authorizing the Board to negotiate convertible financing lines up to 
€1B to fund its bitcoin accumulation strategy. 