Dogecoin (DOGE) has dropped significantly in the last 24 hours, with a nearly 10% decline to trade at $0.215 today, May 17. This decline coincides with an increase in whale selling activity after large addresses sold more than 170M coins in 24 hours, impacting Dogecoin price performance. Dogecoin Price Dips as Whales Dump 170M DOGE Dogecoin’s price is under bearish pressure this weekend due to a meme coin market crash, as it fell to a one-week low on Saturday. The decline follows a drastic surge in whale selling activity, highlighting a negative outlook from these traders as they anticipate that this top meme coin is going to face further losses. Data from Santiment shows that within 24 hours, the whales holding between 10M and 100M DOGE reduced their holdings from 23.91 billion to 23.74 billion. This highlights a sale of more than 170M tokens within 24 hours as Dogecoin price… Read More at Coingape.com
Ethereum price shot up nearly 17% on April 22 and 23, but this optimism is dampened as crypto pundit outlines a potential correction to April 8 swing low of $1,380. This scenario is based on a key fractal that occurred in the past for ETH.
Ethereum (ETH) is down 2.26% today after a near-17% rally between April 22 and 23. The price currently trades at $1,754 after facing a stiff rejection at the 50-day Moving Average (MA). Analysts and traders’ expectation is a bearish short-term Ethereum price prediction before ETH bulls restart the uptrend.
ETH/USDT 4-hour chart
Will Ethereum Price Correct?
As noted above, Ethereum price has hit the blue line at $1,819, which is the 50-day MA. Rejection from this level has led to a 2.26% correction today, which could extend depending on the current state of Bitcoin and the geopolitical tensions due to Trump’s tariffs.
Although the recent uptrend was impressive, the chances of a short-term correction are high. The Relative Strength Index (RSI) just above 50 is producing a top, hinting at a correction, aka a decline in bullish momentum. The lagging Awesome Oscillator (AO) is also approaching the zero line, with receding green histograms, indicating a decline in bearish momentum.
A spike in selling pressure here could drop ETH down to $1,600 which is the 16% rally’s origin.
According to crypto trader RektProof and his Ethereum price fractal, a potential correction that crashes ETH back to the April 8 low of $1,380 is also possible.
Pundit Reveals Revisit of $1,300 is Not Unlikely
In a recent X post, crypto trader RektProof noted an Ethereum price fractal that had a similar uptrend that was followed by a steep correction. The crypto pundit adds “Being mindful with setups incase we start trading below.“
Although RektProof did not explicitly mention that ETH’s value will drop, he is considering the possibility of key levels to watch if the recent run-up may come undone.
ETH/USDT Ethereum price fractal
Key ETH Price Levels to Watch
The first key level to watch is $1,660, which is a level that should hold. If there isn’t proper reaction as price approaches this level, investors can expect price to slide lower.
$1,380 is the next key point of interest, which coincides with higher timeframe equal lows. A sweep of this level is where the fractal suggests Ethereum price could form a bottom and restart the uptrend.
In conclusion, the outlook for Ethereum price is bullish after a near-17% rally, but a potential correction could be incoming. A failure to hold the aforementioned support levels could lead to steep crashes.
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.
The Solana price is on the verge of rising over the bearish captivity while the bears are utilizing all their strength to push back the levels below $100. The global markets faced a dreadful weekend following Trump’s Liberation Day. The global crypto market cap plunged by over $300 billion but with the beginning of the American trading session, things seem to have turned in favor of the bulls. Bitcoin price reclaims $78,000 while Solana climbs above $100 after marking lows around $95. This suggests the traders utilized the buy-the-dip opportunity, which could pave the way for a decent recovery.
Solana price has been facing massive upward pressure since the start of the year that has dragged the price lower by more than 60%. The token formed constant lower highs and lows, hinting towards the bears holding a tight grip over the rally. In such a scenario, a slight rise in the price may not be considered as a rise above the bearish influence until the pivotal resistance is secured.
Presently, the SOL price is juggling at a threshold, and hence a slight drop below the range could squash the bullish possibilities.
The bears dragged the price below the crucial support levels but the bulls have managed to lift the levels within the range. Despite this, the bearish impact on the rally continues to persist as the Ichimoku cloud has not confirmed a bullish reversal, as the base line and conversion line continue to descend. Meanwhile, the RSI is trying for a rebound, which is yet to be validated and once done, the rebound could be confirmed.
In case of a rebound, the SOL price is required to rise to secure levels above $118, which could squash the bearish possibilities. Otherwise, the possibility of a continued descending trend may drag the levels to the 2024 lows below $80. However, one of the smartest plays during this sell-off is to accumulate a Solana position in anticipation of the SOL ETF later this year.
The post Solana Back Above $100 as Bulls Gain Control—Will SOL Price Reclaim $110? appeared first on Coinpedia Fintech News
The Solana price is on the verge of rising over the bearish captivity while the bears are utilizing all their strength to push back the levels below $100. The global markets faced a dreadful weekend following Trump’s Liberation Day. The global crypto market cap plunged by over $300 billion but with the beginning of the …
