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Bitcoin Tightens Grip, Institutions & Influencers Follow
Bitcoin flirts with key breakout levels again while Wall Street wobbles and global politics stir volatility. XRP grabs attention, ETH eyes $3K, and Saudi Arabia quietly dives deeper into crypto.
Joe G & Money Talks
May 17, 2025 • Estimated Reading Time: 6 minutes
Bitcoin is ranging between $100K and $105K, forming a classic bull flag after a 40% run. Despite some profit-taking, analysts say it's not enough to halt upside momentum.
“The magnitude of short-term holder realized profit is still below historical breakout pressure,” - Glassnode
Traders expect support test at $100K or $90K before the next leg up.
Daan Crypto Trades on X: "$90K remains my long-term line in the sand."
US Credit Downgrade: Bitcoin & Gold to Shine?
The U.S. has officially lost its AAA rating. With debt at $36.2T and interest burdens surging, safe-haven assets are back in focus.
📊 Stock markets & crypto remain somewhat correlated. With the 90-day tariff pause between the U.S. & China Monday, markets remain within striking distance of all-time highs:
🏦 S&P 500
Current Price: $5,953.57
All-Time High: $6,147.43 on February 19, 2025
Percentage Within— Santiment (@santimentfeed)
11:09 PM • May 16, 2025
“Hard assets don’t lie. Watch gold and Bitcoin,” - Michelle Makori, i24