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Bitcoin (BTC) Price Rally, Shiba Inu (SHIB) Predictions, and More: Recap May 16
Bitcoin (BTC) Price Rally, Shiba Inu (SHIB) Predictions, and More: Recap May 16

BTC’s value soared by $5K in a matter of hours, SHIB was predicted to launch a bull run, while PEPE hit a new ATH.

Cryptopotato·2024/05/16 08:28
QCP expects current momentum to push the bitcoin price back to all-time highs
QCP expects current momentum to push the bitcoin price back to all-time highs

QCP Capital expects the bitcoin price to return to $74,000 after the latest CPI print saw risk assets surge.

The Block·2024/05/16 08:01
Bitcoin analysis sees $74K next as BTC price tries to hold 7.5% gains
Bitcoin analysis sees $74K next as BTC price tries to hold 7.5% gains

BTC price action has its doubters after swiftly jumping to new May highs, but some see Bitcoin continuing upward momentum into price discovery.

Cointelegraph·2024/05/16 07:32
CME Group plans to launch bitcoin spot trading: FT
CME Group plans to launch bitcoin spot trading: FT

The Chicago Mercantile Exchange (CME) Group is considering launching bitcoin spot trading, according to a report.Discussions have been ongoing with traders, though the plan for spot trading rollout has not been finalized.

The Block·2024/05/16 07:25
Bitcoin ETF Flows Surge to Two-Week High as BTC Soared Beyond $66,000
Bitcoin ETF Flows Surge to Two-Week High as BTC Soared Beyond $66,000

Spot Bitcoin exchange-traded fund inflows have surged to a two-week high as the underlying asset pumped 7% on key US inflation data.

Cryptopotato·2024/05/16 06:43
Wisconsin State BTC Investment Could Cause Chain Reaction From Other States
Wisconsin State BTC Investment Could Cause Chain Reaction From Other States

The U.S. state of Wisconsin has recently revealed that it invested in a Bitcoin exchange-traded fund leading to speculation that other states could follow.

Cryptopotato·2024/05/16 06:43
Flash
22:24
Lending deposits fell from 125 billion to 60 billion
Lending deposits have decreased from the October 2025 peak of $125 billion to around $60 billion at present. (Cointelegraph)
22:21
Several crypto assets begin to rebound after entering the buy zone.
According to Santiment data, during the market crash from May to early June, the 30-day MVRV indicators for Bitcoin, Ethereum, Cardano, XRP, and Chainlink all fell into the loss range, with Cardano dropping to -18% (strong buy zone). The chart shows that these assets have started to rebound after entering the buy zone. (Santiment)
22:14
Almost all gold gains since the beginning of the year have been wiped out; short-term trend remains volatile
```htmlGolden Ten Data reported on June 9th that since reaching a record high in late January this year, international gold prices have continued to fluctuate downward. As June began, with heightened expectations of a Federal Reserve rate hike, the gold price decline has accelerated noticeably, nearly erasing all gains since the start of the year. Notably, while gold prices keep adjusting, global central banks remain enthusiastic about buying gold, and the proportion of gold in global official reserve assets continues to rise. Experts believe that the spike in energy prices triggered by the Israel-Iran conflict has not activated gold’s traditional safe-haven function and, by instead raising inflation expectations, has suppressed gold prices. In the short term, the strengthening US dollar and rising US Treasury yields have increased the opportunity cost of holding gold, keeping prices under pressure. However, from a medium- and long-term perspective, factors such as ongoing gold purchases by global central banks, the restructuring of the international reserve system, and persistent safe-haven demand will continue to support gold prices.```
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