Messages from cryptographic markets: Bitcoin price remains above USD 1 07,000 today

News about cryptographic markets: The world’s largest cryptocurrency reached the highest level of USD 107,995 on May 21, but remained between levels 106-107 thousand. USD during the day, according to the data about Coinmarketcap.

At the time of writing, Bitcoin was USD 106,706.27 by 1.50 percent compared to the previous day, with market capitalization by 2.12 trillion USD, by 1.50 percent day by day, and turnover dropped by 2.04 percent to 53.65 billion USD.

According to the desk, Cinswitch Markets, for the first time since January, Bitcoin has exceeded USD 107,000 and has been 2 percent for the highest time, because the stubborn rush intensified.

“Open percentage of Bitcoin Futures increased by 10.65 percent from last week to 74.35 billion dollars, run by Binance from USD 12.28 billion, signaling the growing lever on the market. They said institutional demand.”

Himanshu Maradiya, founder and chairman, Cifdaq noticed that the cryptocurrency market “remains in the consolidation phase.”

Bitcoin perspectives: Eye experts Long -term growth

According to Alancek Saxena, co -founder and CTO from Mudrex, Bitcoin is still building momentumShortly testing the level of USD 107,000 because the bulls keep control.

„Delta wolumenu netto na dużych wymianach stała się pozytywna, odzwierciedlając rosnące zapotrzebowanie punktowe. Historycznie, wzrost popytu na miejscu często prowadził do kluczowych szczytów rynku, napędzanego szybkim zmianami nastrojów. W szczególności podaż bitcoin na giełdach spadła do 7,1 procent, najniższy od listopada 2018 r., Co wskazuje na rosnące zaufanie inwestorów i przejście do long -term maintenance. ”

Expected that this reduction of sales side pressure indicates further growth. “Currently, nearly USD 106 800, BTC is in the face of resistance of USD 108,000, with a support of USD 105,000, establishing a stage for another potential breakthrough,” Saxena noted.

According to Alex Kuptsikevich, a market analyst in FXPRO, Bitcoin is driven by a crowd of retail investors who also manage the American stock market. “Little players do not make sure that the American economy is slowing down, and the Fed does not intend to lower the rates. Traders buy S&P 500 assets and simply because they are growing … Traders are not particularly concerned about the fact that as the growth of bitcoins, the number of fraudulent transactions is growing,” he noted.

Bitcoin is close?

The Cindcx research team thinks so. “After the Bulls managed to renew a strong increase before closing the day. Despite a small decrease in volume, the markets increased, which indicates a decrease in bear interference,” he noted.

Riya Sehgal, research analyst at Delta Exchange, believes that reflection from 103 thousand USD to levels of 106 thousand USD shows “constant interest of the buyer at lower levels”, and now the focus will potentially face in the direction of USD 110,000 and the new highest all time. “However, until this level is not convinced, the market can persist, enabling healthy accumulation,” Sehgal added.

Although he did not mention the ups of all time, Kuptsikevich also believes that “if the resistance at 107k is broken, there is a greater chance of restoring growth.”

Ethereum exceeds bitcoins? Details

Markets Coinswitch: Meanwhile, Ethereum holds close to USD 2,500 and trads above average moving 50- and 100-day.

Riya Sehgal, an analyst for research at Delta Exchange: Ethereum, on the other hand, shows a stronger relative strength, gaining almost 60% over the past month and outweighs bitcoins. It occurs around the $ 2,500 mark, which is a key psychological resistance. While structural indicators, such as the Golden Cross and rising trend lines, suggest stubborn configuration, the chain data indicates short -term overheating. Increased commercial volumes and profits around USD 2,500 can cause a slight withdrawal or consolidation.

In the near future we expect that the variability will remain elevated, and ETH must have above USD 2,200, and BTC above USD 105,000 to maintain a stubborn shoot. Wider market moods remain carefully optimistic when we are waiting for further confirmation of the continuation of trends.

Harish: Vanni, Head of Trade, Zebpay

Ethereum dropped by 4.3% during the day, moving from USD 2,500 to 2,400 USD after strong monthly performance. According to Coumingglass, the sudden slowdown led to $ 264.40 million liquidation, and long positions accounted for $ 205.28 million. This correction appears for a stubborn month to a wider cryptographic market, raised by relieving commercial tensions – including trade agreements between the USA and Great Britain, and recently with China. Among these events, the co -founder of Ethereum Vitalik Buterin introduced a new proposal emphasizing the need to simplify node surgery, warning that excessive rely on third -party access points can be decentralized and user privacy.

At the time of writing, ETH trads around USD 2,25

ETH, after adopting support at a key level of USD 1350, began to move up and consolidated in the range from 1775 to USD 1,875. The assets eventually exceeded this range and witnessed a huge rally. Prices have increased by almost 97% from the last minima from 1,385 to 2738 USD. After this move, ETH experienced a profit reservation, causing a price drop by almost 15%. Assets are currently in the face of a strong resistance of USD 2850. If it breaks and closes above this level with good volumes, we can expect prices to rise to 3000 and USD 3350.

CAINDCX research team: Meanwhile, other Altcoins have a slight increase, including Ethereum, which got stuck around USD 2550. Litecoin, Cardano, Solana, e.t.c. Will they still achieve their resistance, while the best players are Pi, the official Trump and Fartcoin, from 10% to 13% of profits. Meanwhile, Pyth Network leads losers with over 7% inheritance, and then the story and Litecoin with 4% each.

Large movements can occur on the horizon, because some rumors suggest that Coinbase can get a USDC issuer, despite IPO plans. In addition, Texas has just adopted the Act on a strategic reserve and investment in Texas, enabling you to invest in Bitcoin, which is now waiting for the governor’s approval. The Argentine President of Milei closes the probe to the Libra cryptographic scandal after 3 months of investigation. In addition, Robinhood makes a SEC proposal to regulate the tokenized assets in the real world, aimed at introducing Wall Street to a chain and unlock the 30 USD market.

Coinswitch: In DEFI Aave he used his dominance, exceeding $ 24 billion on TVL, which currently accounts for 20% of the entire TVL DEFI.