Ethereum's price is approaching the coveted $4,000 mark, but the rally has temporarily paused. The market shows signs of saturation, but Ethereum’s growth may not be over. The current consolidation is likely a short-term pause before the next leg up.
Today, Bitcoin traded at $118,438, with a market capitalization of $2.36 trillion and a 24-hour trading volume of $53.99 billion. The leading cryptocurrency registered an intraday price range between $117,422 and $119,197, reflecting continued consolidation near historical highs.
Allium analysts identified five large profitable short positions in $ZEC on Hyperliquid, worth more than $72 million in total, opened on 25–26 May — several days before a vulnerability was found in the Orchard pool.
$XRP keeps finding buyers near major support, but it keeps losing support anyway. The latest drop pushed the token back toward the same $1.10 area that several analysts had flagged as a key line in the sand, with selling pressure accelerating once $1.13 gave way.
Bitcoin successfully returned to the $64,000 mark, interrupting a sharp multi-day decline that had previously pushed its price below $60,000.
According to CoinGlass, short sellers, who profit when prices fall, lost $504,000,000 in the 24 hours leading up to Monday morning, the largest daily figure since late April. By comparison, bullish bets generated only $151,000,000 in losses.
Bitcoin’s drop into oversold territory has led technical indicators to begin signalling a possible recovery. According to analysts, Bitcoin ($BTC), which has lost roughly 30% of its value over the past month, has reached its lowest Relative Strength Index (RSI) level since the pandemic-driven market crash in 2020.
The Elon Musk-owned rockets, satellite and AI company SpaceX is selling up to 30% of its record $75 billion offering directly to retail investors through Robinhood, Fidelity and Charles Schwab, more than three times the slice a typical IPO sets aside for individuals.
After a sharp crash to the $61,000 mark, Bitcoin briefly rebounded to $64,600 and then stabilised slightly below $64,000. Despite reducing its losses, it still remained down 3.2% on the day, 14% over the week and almost 30% since the beginning of 2026.
Prediction market traders are increasingly betting that Bitcoin’s correction is far from over, even after the cryptocurrency dropped to around $65,000 this week amid growing pressure from ETF outflows and weakening institutional demand.
Bitcoin’s drop toward the $68,000 level on Tuesday was driven by a sharp outflow from risk assets, triggered by a combination of ETF redemptions, a rare Bitcoin sale by Strategy, and a broad wave of derivatives liquidations.
Gold continues to fall rapidly. The XAU price dropped toward $4,410 after breaking a descending pattern on May 15, while the market is moving closer to the support zone near $4,376, which analysts consider critically important for the medium-term trend.
$XRP traders are warning that one more sharp drop may occur before a real bullish move begins. Several $XRP analysts on X pointed to rising risks as $XRP continues to struggle below key resistance levels in the $1.30–$1.40 zone.
Bitcoin is showing signs reminiscent of the 2022 bear market, raising concerns among analysts that prices could either decline sharply or enter a prolonged sideways phase.
Hyperliquid is attracting strong bullish attention amid historic price action, with the token now approaching its all-time high. Meanwhile, on-chain data reveals intense accumulation from institutional wallets, signalling further upside potential.
In the cryptocurrency market, Bitcoin’s approach to critical price levels has created a scenario that could trigger massive liquidations in leveraged trading. According to the latest data published by Coinglass, if the price of Bitcoin rises above $80,634, short positions worth approximately $1.77 billion could be liquidated on major centralized cryptocurrency exchanges.
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