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Bitcoin has soared to a new all-time high (ATH), vaulting past tech giants Google and Amazon in market cap amid surging institutional demand, led by BlackRock’s Bitcoin ETF. BTC soared to a record peak of $111,861.22, but has since retraced to trade at $110,732.10 as of 10:41 a.m. EST.  The recent surge in the BTC price not only saw the total crypto market capitalization rise over 4% to above $3.5 trillion, it also saw Bitcoin’s total valuation surpass that of Amazon and Google.  Bitcoin’s current market cap stands at over $2.2 trillion, taking it ahead of Google’s $2.05 trillion and Amazon’s $2.13 trillion, according to Companiesmarketcap. BlackRock Bitcoin ETF Posts Highest Inflows In 2 Weeks Bitcoin’s new ATH came as spot Bitcoin ETFs (exchange-traded funds) recorded $607.1 million in net daily inflows on May 21, data from Farside Investors shows.  BlackRock’s Bitcoin ETF, which is the leader in terms of cumulative ...

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Ethereum’s Ether cryptocurrency (ETH) could be set to surge in price, as traders are betting big on the asset reaching $6,000 this year through bull call spreads. ETH has crashed from the $4k valuation it had back in December 2024, but began a strong rebound this May. At press time, the Ethereum token is up 57% in the last 30 days alone. Traders are riding on the asset to continue its climb through the summer and hit a new ATH before the year is done. Last week, block traders, typically institutions and large players, executed bull call spreads on ether. The traders picked the $3,500 call options while also shorting an equal number of calls at the $6,000 strike. These bets would expire on December 26, meaning Ethereum has until then to hit that number to reward the betters. Traders executed the strategy via the over-the-counter platform Paradigm, which was later listed on crypto exchange Deribit. Traders executed 30,000 contracts of the $3,500/$6,000 call spreads across 10 separat...

The cryptocurrency markets have started to show mild price action, considering the bullish wave ushered in by the passing of the Genius Act. At the same time, President Trump’s robust support towards the cryptocurrency domain has helped the markets to score new users, brimming with excitement. While the tokens continue to target fresh new peaks, here’s how prominent tokens like Cardano (ADA), Chainlink (LINK), Solana (SOL), and Binance Coin (BNB). Also Read: Goldman Sachs: MAG7 Hits 7-Year Low Amid AI, Trade & Antitrust Fears Price Predictions Of Leading Cryptocurrency Coins By 2040 1. Cardano (ADA) Price Analysis Source: Capital.com Cardano is currently one of the leading cryptocurrency tokens to exist in the market as of now. The token is eyeing ambitious utilitarian targets, exploring the launch of the Midnight sidechain, touting it as a chain capable of onboarding stocks as one of the leading steps towards embracing real-world asset tokenization. Per CoinCodex, ADA is cu...

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Cryptocurrency trader and author Scott Melker has emphasized that after XRP’s explosive move from trading below the $1 mark, the token still has significant potential for a big move in the near future. According to Melker, XRP’s path to becoming the “next big mover” involves more than just its recent history of rapid price action, he explained in an interview with David Lin published on May 17. Melker highlighted that XRP’s breakout was driven by several key developments, including its effective classification as “not a security,” which removed a major regulatory overhang. This legal clarity allowed the token to gain momentum in the optimism of the post-election market.  Further boosting sentiment, XRP was included in spot exchange-traded fund (ETF) applications and the possibility of being part of the United States’ strategic digital asset stockpile, reinforcing its status as a major player in the market. However...

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