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BTC $78,955.37 -2.26%
ETH $2,223.01 -1.81%
BNB $661.65 -2.49%
XRP $1.42 -3.28%
SOL $88.71 -2.82%
TRX $0.3510 -0.76%
DOGE $0.1116 -2.43%
ADA $0.2590 -3.45%
BCH $426.86 -1.80%
LINK $9.99 -3.48%
HYPE $42.69 -7.78%
AAVE $91.47 -6.22%
SUI $1.08 -6.92%
XLM $0.1533 -4.25%
ZEC $504.84 -7.04%

ora

Analysis: Bitcoin is oscillating between favorable regulations and rising yields, with continuous outflows from ETFs putting pressure on prices

According to Decrypt, the price of Bitcoin remains around $80,350, with a short-term increase of only 0.8%, continuing to face pressure after multiple attempts to break through the $82,000 resistance level failed. This range is seen as a combined resistance level of the ETF cost line, the 200-day moving average, and the CME gap filling area. Although the U.S. CLARITY Act has passed the Senate Banking Committee, bringing positive expectations for crypto regulation, institutional funds continue to withdraw.Data shows that the net outflow of the U.S. spot Bitcoin ETF has decreased to an average of -$88 million per day over the past seven days, marking the largest outflow since mid-February. Analysts believe that this round of selling pressure is more about "profit-taking" rather than panic selling. On a macro level, rising U.S. Treasury yields have become a core source of pressure. The yield on the U.S. 10-year Treasury bond has risen to about 4.52%, reaching a 10-month high, while the April CPI has increased by 3.8% year-on-year, the highest level in three years, further delaying market expectations for a Federal Reserve interest rate cut.Analysts point out that geopolitical conflicts are driving up energy prices, exacerbating inflationary pressures, thereby weakening the appeal of risk assets. From an institutional perspective, some analysts believe that the current outflow of ETF funds is part of portfolio rebalancing rather than a trend-based withdrawal.The options market shows that Bitcoin faces significant resistance in the $82,000-$84,000 range, while $77,000 is a key support level. If the price falls below this range and leverage does not cool down, the market may enter a deleveraging phase, increasing the risk of a correction.

Analysis: The rebound in inflation suppresses interest rate cut expectations, leading to temporary pressure on Bitcoin

According to BIT analysis, if Bitcoin could keep up with the Nasdaq's rise, the current price should be close to $140,000. The relative underperformance of Bitcoin may be related to the resurgence of inflation since the third quarter of 2025. Overall, Bitcoin had generally followed the fluctuations of the Nasdaq, but since October 2025, the divergence between the two has begun to widen significantly. At that time, the latest CPI reading had risen back to 3%, which is 100 basis points above the Federal Reserve's target, and the interest rate market also began to gradually retract some pricing for rate cuts in 2026. This is precisely the source of the pressure on Bitcoin; its upward logic relies on expectations of Federal Reserve easing, and once the market starts to retract pricing for rate cuts, performance often comes under pressure. Subsequently, this logic continued to influence Bitcoin's trend.Stocks, on the other hand, are completely different. As long as the market still views inflation as mild and temporary, a rise in inflation can actually be beneficial for stocks: even if sales do not increase significantly, it can boost nominal corporate income, reduce real debt burdens, and enhance the attractiveness of stocks as a hedge against purchasing power. The latest U.S. inflation data seems to have caught some market participants off guard, although the agency's model had previously indicated that price pressures might rise again. The current key question is whether this round of inflation expectation repricing will weaken the ongoing positive fundamentals for Bitcoin; and how investors should adjust their positions in this context.

Gate Europe CEO Giovanni Cunti witnessed Inter Milan's championship victory on-site, as Gate deepens global collaboration with top IPs

In the early morning of May 14 (UTC+8), in the final of the 2026 Coppa Italia, Inter Milan ultimately defeated Lazio with a score of 2:0, successfully lifting the championship trophy. As the official sleeve sponsor of Inter Milan Football Club, Gate was deeply involved in this peak event. During the final, Gate Europe CEO Giovanni Cunti was invited to attend the sponsor partner luncheon hosted by the club and watched the match from the box, witnessing the team's moment of glory alongside Inter Milan legends Esteban Cambiasso, Fabio Galante, and Francesco Toldo. This victory not only marks another important milestone in the deepening strategic cooperation between Gate and Inter Milan but also injects strong brand momentum into Gate's internationalization process.In addition, with Inter Milan winning the championship again this season, Gate will hold the "Gate x Inter XIII: Champion's Circle" offline reception in Milan on May 21. During the event, guests will visit Inter Milan's headquarters and engage in interactive exchanges with Inter legend Fabio Galante and executives. Leveraging the global attention of top international sporting events, Gate is continuously deepening the integration of Web3 with mainstream culture and strengthening its brand recognition and influence in the European and global markets.

Movement acquires Canopy, officially incorporating Vault infrastructure into the core layer of the ecosystem

Movement announced that it has completed the acquisition of the on-chain Vault infrastructure project Canopy, further integrating key financial infrastructure within the Movement Network. Canopy has previously been an important part of the Movement ecosystem, primarily responsible for building the Vault layer on the Movement Network, with its smart contracts allowing users to allocate assets and strategize on-chain with independent strategy managers.After this acquisition, Canopy will collaborate more closely with the on-chain credit protocol MovePosition, and Movement is gradually building a complete on-chain financial infrastructure stack covering modules such as Vault, credit, and yield strategies. Movement stated that most public chain ecosystems still rely on third parties to provide core financial primitives, while Movement hopes to achieve deeper technical collaboration between Vault contracts and other components of the network through self-built and internally integrated methods.For developers, this means they can directly integrate core protocols that are continuously iterating; for partners, it means stronger consistency between the underlying infrastructure and the development team; for users, it is expected to provide a more unified on-chain financial product experience. The official also revealed that MovePosition and Canopy will gradually operate as a unified infrastructure, with more integration details to be announced in the coming weeks.
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