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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
23:11
According to Business Agency data, on June 8, the latest price of sulfur was 8,033.33 yuan/ton, representing a 7.11% increase compared to 7,500.00 yuan/ton at the beginning of the month.
At the beginning of 2026, the price of sulfur was 3,661 yuan/ton, with an annual increase of 119.43%. Looking at a longer timeframe, at the beginning of 2024, the price of sulfur was 1,066 yuan/ton, representing an increase of over 600% in two and a half years, marking the strongest market performance since 2008. Currently, the transmission effect of sulfur prices has already appeared. For example, due to tight supply in the sulfur market, titanium dioxide companies using the sulfuric acid process have faced shortages of raw materials, resulting in a sharp decline in operating rates and simultaneous increases in product prices.
23:07
UK consumer spending rebounded in May, while travel expenses declined for the third consecutive month, indicating caution.
According to Golden Ten Data on June 9, a survey released on Tuesday shows that after reducing spending in April, UK consumers increased their expenditure in May. However, travel spending declined for the third consecutive month, indicating the market remains cautious about the economic impact brought by the Iran war. Barclays Bank and the British Retail Consortium said that hot weather boosted sales of clothing and other goods.
23:01
User tattoos the misspelled crypto code on their forehead for a Pump.fun task
User Arivu claimed to have completed the Pump.fun GO task by tattooing the misspelled code “$boutywork” on their forehead, sparking discussion about the platform’s reward mechanism. The misspelled code was made into a Solana token called BOUTYWORK, its market cap quickly surpassed $600,000, with a 24-hour trading volume of $3.5 million and thousands of holders.
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