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# WEEKLY SNAPSHOT

Crypto Weekly Mixer: May 6-10, 2024

Crypto Weekly Mixer

KEYTAKEAWAYS

  1. May 6, 2024: Bank of America reports a $600 million withdrawal from crypto funds, reflecting increased caution amid market volatility, while Bitcoin analysis points to a potential false breakdown.
  2. May 7, 2024: Bitcoin's rally indicates a possible rise to $100,000 this year as Ethereum and Solana projects gain traction, and MicroStrategy anticipates growth from Bitcoin ETF interest.
  3. May 8, 2024: Bybit lists Ethena's USDe stablecoin, suggesting growth for Ethena, while FTX plans to repay creditors 118% of their claims, and Bitcoin faces resistance amidst a volatile market.
  4. May 9, 2024: BlackRock's shift from buying to selling Bitcoin ETFs signals declining institutional interest, while Bitcoin's technical trends and bearish indicators forecast continued market weakness.
  5. May 10, 2024: Pantera Capital projects Bitcoin to hit $117,000 by August 2025, despite the current market unpredictability and institutional caution, with positive indicators like Bitcoin ETFs and Ethereum's Cancun upgrade providing potential support.

CONTENT

In the Crypto Weekly Mixer, we present to you a series of carefully selected stories from the crypto market and the latest crypto market data so you won’t miss anything important!

 

TOP 5 CRYPTO GAINERS IN LAST 7 DAYS

 

5/10 Top Gainers

 

(Source: CoinGecko)

 

  1. RNDR  +45%
  2. AKT  +41.1%
  3. RUNE +30.7%
  4. TON +26.6%
  5. AR  +26.3%

 

TOP 5 CRYPTO BY MARKET CAP

 

Top 5 Crypto market cap

 

 

(Source: CoinGecko)

 

  1. BTC  $1,242,663,856,624
  2. ETH  $364,154,101,365
  3. USDT  $110,862,624,397
  4. BNB  $91,248,781,465
  5. SOL  $69,068,844,541

 

May 6, 2024

$600M CRYPTO WITHDRAWAL FROM BANK OF AMERICA

 

 

May 7, 2024

BITCOIN RALLY HINTS AT $100K POTENTIAL

 

 

May 8, 2024

BYBIT BACKS USDE; FTX PLANS CREDITOR REPAYMENT

 

 

May 9, 2024

BLACKROCK SELLING BITCOIN ETFS; BEARISH TREND CONTINUES

 

 

May 10, 2024

PANTERA PROJECTS BITCOIN AT $117K BY 2025

 

 

 

 

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DISCLAIMER

CoinRank is not a certified investment, legal, or tax advisor, nor is it a broker or dealer. All content, including opinions and analyses, is based on independent research and experiences of our team, intended for educational purposes only. It should not be considered as solicitation or recommendation for any investment decisions. We encourage you to conduct your own research prior to investing.

 

We strive for accuracy in our content, but occasional errors may occur. Importantly, our information should not be seen as licensed financial advice or a substitute for consultation with certified professionals. CoinRank does not endorse specific financial products or strategies.

WRITER’S INTRO

CoinRank Exclusive brings together primary sources from various fields to provide readers with the most timely and in-depth analysis and coverage. Whether it’s blockchain, cryptocurrency, finance, or technology industries, readers can access the most exclusive and comprehensive knowledge.

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