The global cryptocurrency market cap stands at $3.07 trillion, down 1% over the past 24 hours. Bitcoin (BTC) is holding steady near $94,880, while altcoins like LTC, XRP, AVAX, and LINK have recorded losses.
As for Pi Coin, the altcoin has struggled since peaking near $3 in February, with its price action remaining largely bearish. Pi Coin has recorded a 12% monthly decline despite a few short-lived rebounds.
Will Pi Coin Price Rise in May?
However, as May approaches, there are signs that Pi Coin could be gearing up for a recovery. Pi is currently trading at $0.6249, showing a 7% rise, and with a market cap now over $4 billion.
While the broader crypto market sentiment shows improvement, Pi’s rise is still being limited by the absence of key catalysts, such as major exchange listings or significant mainnet upgrades. evel.
On the technical front, the RSI has steadily improved from its April lows, showing growing accumulation, although at a slower pace. Overall, traders appear cautiously optimistic about Pi Coin’s future, given its historic volatility and the relatively low liquidity on exchanges. Additionally, 7.8 million Pi tokens are set to be unlocked today, which could impact the price.
Is $1.70 Incoming?
Despite all these challenges, analysts like Dr. Altcoin believe that Pi Coin’s price could rise to $1.70 by mid-May. The expected price increase is based on upcoming events, particularly the Consensus Summit scheduled for May 14–16, where Dr. Nicholas Kokkalis, the founder of Pi Network, is expected to give a speech.
Analyst Andrew Griffiths shared that Pi Coin is currently stuck between the bulls and bears around the 0.6 level. If the trend continues upwards and breaks above 0.75-0.78, it could reach 1. However, if the price drops below 0.55, it could signal a bearish trend, possibly heading towards 0.288.
After its major IPO launch, Circle is now a public company trading under the CRCL ticker. Its initial stock price is $31 per share.
This marks the first-ever major stablecoin company to go public in the US. The company’s USDC is currently the 7th largest cryptocurrency, with a $61.4 billion market cap.
Today, Circle’s listing on the NYSE makes it a public company, signaling a new era and the end of its IPO.
I am incredibly proud and thrilled to share that @circle is now a public company listed on the New York Stock Exchange under $CRCL!
12 years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up… pic.twitter.com/okcH0ys6Tc
— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) June 5, 2025
In addition to showing his gratitude, Allaire commented on a few ways that going public could transform Circle.
He claimed that the firm was founded on the premise of remaking the global economic system in a digitally native fashion and always anticipated this project taking decades. After 12 years, going public is a sign that the mission is making real progress.
Circle aimed to raise over $1 billion with its IPO, and going public today signals its rapid success at achieving this task.
Still, becoming a public company won’t necessarily change Circle’s day-to-day operations yet. Allaire didn’t mention any changes in the firm’s leadership or commit to any bold new initiatives.
He spoke of continuing to transform the global economic system but emphasized that this is a long-term vision.
Bitcoin (BTC) has reclaimed the $99,000 mark for the first time in over two months, igniting optimism among analysts who anticipate a price breakthrough above the $100,000 mark soon.
Notably, BTC’s performance over the past month has been quite remarkable. Its value has appreciated by 31.8%, representing a strong comeback from its Liberation Day lows in early April.
Is Bitcoin on Track to Reach $100,000?
In the early Asian trading hours, the largest cryptocurrency reached $99,388, marking its highest price since February 21, 2025. At press time, Bitcoin’s price had adjusted to $98,874. BeInCrypto data showed that the coin experienced a slight 0.3% dip in the past hour.
Yet, this increase has fueled optimism that a rise to $100,00 is inevitable. Market participants on X (formerly Twitter) have echoed the positive outlook.
“Bitcoin is knocking on the door of $100,000 again. Tick, tock…,” Anthony Pompliano wrote.
Previously, a Bitfinex forecast suggested that if Bitcoin holds above $95,000, a revisit to its all-time highs becomes likely. This prediction appears to be materializing as Bitcoin now trades above this threshold.
Furthermore, several market indicators and developments support the bullish sentiment. An analyst revealed that Bitcoin has moved past a price range where many traders were holding short positions with high leverage.
“There is no significant resistance until around $100,000,” the analyst stated.
In their weekly newsletter, Glassnode also noted that Bitcoin’s realized cap has reached a record high of $889 billion, growing by 2.1% over the past month. This increase reflects rising investor confidence and capital inflows.
The firm pointed to signs of renewed market strength, with significant capital flowing back into Bitcoin, particularly through ETFs. Over the last two weeks, more than $4.6 billion has entered Bitcoin ETFs.
“The total AUM held within the US spot ETFs has now climbed to over 1.171 million BTC, which is just 11,000 BTC shy of the 1.182 million BTC ATH,” the newsletter highlighted.
This surge in inflows has largely reversed the earlier period of outflows, further indicating strong demand for Bitcoin.
“Strong ETF inflows, alongside improved investor confidence, helps to paint a picture of stronger tailwinds supporting the Bitcoin market,” Glassnode added.
Meanwhile, CryptoQuant highlighted that over the past three days, the amount of stablecoins sent to Binance has grown substantially. The peak was on May 6, when the inflow reached nearly $1 billion, making it the largest single-day deposit since April.
“Stablecoin inflows typically reflect investor readiness to enter the market, as these assets are often sent to exchanges in anticipation of buy-side activity,” the post read.
In addition, Binance’s latest reserve disclosure showed a decline in the holdings of several major cryptocurrencies, including Bitcoin, Ethereum (ETH), BNB (BNB), and Solana (SOL). In contrast, the 2.6% increase in Tether (USDT) reserves stands out.
This uptick in stablecoin holdings suggests a rise in liquidity. This signals that traders are positioning themselves for future market transactions.
Adding to the optimism, Tether dominance (USDT.D) has experienced a downtick. A decline in USDT.D typically indicates that investors are moving funds from stablecoins into other crypto assets, further fueling the rally.
Legislative progress is another tailwind for Bitcoin. Two Bitcoin-reserve bills have been enacted, and multiple more continue to advance through the legislative process. This implies that there is increasing institutional and governmental acceptance of Bitcoin.
As Bitcoin approaches the $100,000 threshold, investors are closely monitoring whether this rally will sustain its momentum or face resistance. With market conditions aligning favorably, the crypto community remains on edge for what could be a milestone for BTC.
XRP price has reversed from its recent multi-week high of $2.30 to trade at $2.18 at press time. Despite this slip, Ripple still eyes gains past $3 after the first spot XRP ETF offered by Teucrium amassed over $40M in net assets, barely a month after launching. The ETF’s success comes after Teucrium’s CEO told Bloomberg that XRP has the most utility among other crypto coins.
XRP Price Eyes Further Gains Amid ETF Success
According to the Teucrium website, the 2x Long Daily XRP ETF has amassed more than $40M in net assets. This is a commendable milestone considering that the product launched on April 8 and has been trading for less than three weeks.
Teucrium’s XXRP leveraged product is the first XRP ETF to launch in the US, and the amount of interest it is amassing from investors despite ongoing market anxiety is a bullish sign for the Ripple price and could aid a breakout past the key resistance hurdle of $2.20 to all-time highs.
At the same time, Teucrium’s CEO appeared in an interview with Bloomberg, stating that XRP has the most utility in the crypto industry. He opined that Ripple has amassed utility across payments, tokenization, and most recently, brokerage services after the acquisition of Hidden Road.
Besides institutions, whales are also rapidly accumulating XRP and possibly positioning themselves for further gains. Data from Santiment shows that as XRP price broke out to multi-week highs, the addresses holding between 1M and 100M Ripple purchased 260M tokens.
XRP Whale Balances
The high interest from whales and institutions shows a bullish outlook towards XRP value today and confidence among traders that the altcoin will extend its gains and smash the $3 price level to create a new record high in the coming months.
Ripple Teases Breakout From Channel Pattern
After forming a series of lower lows in the last three months, the XRP price is now teasing a breakout from a descending parallel channel, to form a higher low. This breakout will be confirmed if Ripple can make a decisive close above resistance at the upper trendline.
The first resistance level that XRP price needs to overcome if this breakout happens is $2.75. If it flips this level, the uptrend will continue past $3 towards the next hurdle of $3.29. Clearing this hurdle will unlock the rally to all-time highs.
However, traders should take note of the RSI movements, which currently show that the recent buying pressure that pushed Ripple to $2.30 is weakening. The RSI needs to recover and continue rising for a strong upward momentum. The uptrend will also occur if the MACD line crosses above the zero line.
XRP/USDT: 1-day Chart
This bullish XRP price forecast will be invalidated if the RSI falls back below 50, and the MACD rise turns out to be a fake breakout. An extension of the downtrend will happen if the XRP price falls below support at $2.05.
Considering the high institutional interest towards Teucrium’s XRP ETF and whale accumulation, it is likely that Ripple resumes its recent uptrend. However, traders booking profits after the recent rally might stall the uptrend.
