Crypto Weekly (May 13 – May 19): Bitcoin Rebounds Thanks to ETF Inflows

In the third week of May, the crypto market began to regain its excitement as Bitcoin experienced a strong recovery, while altcoins continued to suffer significant losses. Additionally, there were several noteworthy airdrop announcements, including those from Blast and Drift.

Crypto Weekly (may 13 May 19) Azc

Crypto Market Last Week

In the third week of May, the cryptocurrency market witnessed a remarkable recovery in Bitcoin. This safe investment surged strongly from $60,000 to $67,700. Currently, Bitcoin is trading in the range of $66,000 – $67,000. The main driver behind this price increase is the continuous influx of capital from ETF funds into the market. However, despite the recent recovery, Bitcoin has been oscillating within the $60,000 – $72,000 range for a prolonged period since February of this year.

Chart Btc

BTC Chart

While Bitcoin saw impressive recovery, altcoins were not as fortunate. Many altcoins continued to plummet due to being previously overvalued, with most of the capital influx into the market now focused solely on Bitcoin. This has led to a clear divergence between Bitcoin and other cryptocurrencies, with investors prioritizing safety amidst market volatility.

Top 10 Gainers of the Week

Up

Source: Coinmarketcap

Top 10 Losers of the Week

Down

Source: Coinmarketcap

Important News Last Week

Token Unlocks This Week

This week, several projects will unlock large amounts: PYTH will unlock $765M, and AVAX will unlock $361M.

Token Unlock

Source: token.unlock

Macroeconomic News This Week

This week, Thursday (May 22, 2024), is noteworthy due to two significant events:

  1. The Federal Open Market Committee (FOMC) will release the minutes of its most recent meeting. The content of these minutes will provide valuable insights and forecasts regarding the long-term monetary policy direction of the Federal Reserve.
  2. At 12:30 PM (UTC), the US Department of Labor will release the Initial Jobless Claims data. Typically, a figure higher than the forecast is seen as a negative signal for the USD, and vice versa.

Stay tuned with us for the latest updates in the crypto market!

(6 votes)

5.0/5

(6 votes)
  1. Avatar of
    Anonymous

    Good

  2. Avatar of
    Anonymous

    Very nice

  3. Avatar of
    Anonymous

    Great job

Comments are closed.

Latest

Whales Dump Xrp Can Ripple Still Aim For The $5 Breakout

News | Altcoin | Editor Choice

Whales Dump XRP: Can Ripple Still Aim for the $5 Breakout?

XRP faces a defining moment as whales unleash massive sell-offs, leaving investors anxious over whether the token will rocket to $5 or crash back down to $2.

Bnb Surges After Trump Pardons Cz, Traders Shout “up Only”

News | Altcoin | Editor Choice

BNB Surges After Trump Pardons CZ, Traders Shout “Up Only”

BNB’s price surged right after U.S. President Donald Trump pardoned Binance founder Changpeng Zhao, fueling a wave of excitement and speculation that the long-awaited “altcoin season” may be about to begin.

Satoshi Era Bitcoin Whale Awakens After 14 Years

News | Bitcoin | Editor Choice

Satoshi-Era Bitcoin Whale Awakens After 14 Years

A “Satoshi-era” Bitcoin whale has suddenly awakened after more than 14 years of silence, sparking a wave of speculation about the real motive behind its move of 150 BTC worth tens of millions of dollars.

Bunni Dex Shuts Down After $8.4 Million Hack

News | Altcoin | Editor Choice

Bunni DEX Shuts Down After $8.4 Million Hack

After suffering a devastating $8.4 million hack, decentralized exchange protocol Bunni DEX has officially announced its shutdown. This marks the second crypto project to fold in October, following Kadena Organization’s recent decision to halt operations amid mounting difficulties. The $8.4 Million Exploit: How It Happened The attack occurred on September 2, when a hacker exploited

The Crypto Etf Wave Hits, Over 200 Funds Set To Launch Soon

News | Editor Choice | Policy & Regulations

The Crypto ETF Wave Hits, Over 200 Funds Set to Launch Soon

Crypto ETF Explosion: The market is on the verge of a massive wave of investment products, with 155 ETF filings currently awaiting approval — spanning 35 digital assets from Bitcoin and Ethereum to even political meme coins.

Screenshot 2025 10 20 091338