Daily Crypto Signals: Bitcoin Breaks $97K While Solana Surges

Fast overview

Bitcoin has surged to just about $97,000 as Solana posts a powerful 8% every day achieve to $152, with each cryptocurrencies displaying sturdy technical momentum and elevated trading volumes amid rising investor curiosity within the crypto market.

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Crypto Market Developments

As Bitcoin approaches the sought-after $100,000 mark, the marketplace for cryptocurrencies is displaying recent energy; Solana displays superb rebound momentum. These advances sign growing institutional adoption of digital property as Morgan Stanley apparently intends to listing cryptocurrencies on its E*Commerce funding platform by 2026.

One of many largest bitcoin exchanges, Coinbase, stated on Might 15 that buying and selling for the Motion Community token (MOVE) can be suspended citing the token’s failing itemizing standards. The ruling tracks an ongoing third-party inquiry into an settlement purportedly signed by Motion Labs and a market-making firm.

Concurrently, OpenAI CEO Sam Altman’s crypto-tied digital identification mission World (beforehand Worldcoin) is opening its US launch in main innovation hotspots like Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. Together with a collaboration with Visa for a card permitting funds in WLD, the initiative offers a crypto token (WLD) to customers who affirm their humanity through ocular scanning.

Bitcoin Assessments $97,000

BTC/USD

With a 3% every day improve, Bitcoin BTC/USD peaked at $96,955 on Might 1, above its stage from February 22. Optimistic swings in US markets accompanied the increase; Microsoft gained 10% to rank among the many most precious public corporations worldwide.

If Bitcoin can get better its damaged parabolic slope, veteran dealer Peter Brandt has projected that by August or September 2025 it could maybe attain between $125,000 and $150,000. From Bitcoin’s value chart, Brandt discovered a parabolic arc sample—a technical formation normally indicating fast climbs adopted by abrupt corrections. He suggested, meantime, {that a} 50%+ correction would possibly observe the highest.

From an on-chain standpoint, Bitcoin skilled Axel Adler Jr. stated that the “begin” rally zone of Bitcoin is about to be reached. Underneath an optimistic view, ought to some technical indicators cross vital ranges, he estimated a value objective above $150,000.

With US GDP figures revealing a 0.3% loss within the first quarter—the primary contraction since Q2 2022—the present value fluctuation suits the financial instability of occasions. This raises the probability of a Federal Reserve rate of interest drop to 62.8% for the June 18 assembly, subsequently fostering a local weather that might profit risk-on property similar to Bitcoin.

Over $137 million have been brief place liquidations within the earlier 24 hours; analyst Joao Wedson notes that BTC’s value momentum nonetheless factors to constructive tendencies. Nonetheless, a large quantity cluster between $96,000 and $99,000 factors to Bitcoin perhaps going by a second of consolidation earlier than testing the $100,000 barrier.

Solana Buying and selling Quantity Surges by 35%

SOL/USD

Solana SOL/USD has proven nice vigor; she climbed 8% from her April 30 low of $140 to round $152 on Might 1. Robust market curiosity is proven by the every day buying and selling quantity of the cryptocurrency leaping by 35% throughout the previous 24 hours.

Open lengthy positions within the futures market preceded SOL’s climb above $150. With Might 1 SOL futures open curiosity rising 5% over the previous 30 days to 38.7 million SOL, SOL futures contracts quantity to $5.86 billion. With round 50% extra curiosity than XRP XRP/USD, this ranks Solana third within the cryptocurrency market by way of derivatives demand.

From -0.005% on April 30 to 0.007%, constructive financing charges in Solana’s perpetual futures markets have turned from -0.005% to point growing shopping for strain by extra capital coming into the market.

Moreover demonstrating notable progress is Solana’s on-chain actions. Solana is the second-largest layer-1 blockchain with greater than $8 billion in whole worth locked (TVL), and over the previous 30 days its TVL has risen by nearly 25%. Initiatives like Sanctum have finished remarkably properly; their TVL over the previous month exhibits a 40% improve.

Since April 11, every day decentralized change (DEX) volumes on Solana have climbed by greater than 90% and now quantity $3.14 billion. With $21.6 billion in DEX exercise over the previous week, Solana lead the market exceeding the entire Ethereum layer-2 ecosystem. Among the many notable Solana community achievers are Raydium with a 63% weekly improve in volumes and Lifinity with a 40% improve in exercise.

Technically, SOL appears to be making a V-shaped restoration sample on the weekly chart; analysts advise potential targets of $250 ought to the worth break over the present resistance zone between $160 and $200.

Tether Stories $1B+ Revenue in Q1

With its monetary report for the primary quarter of 2025, Tether, the company behind the largest stablecoin by market capitalization, has uncovered important US Treasury securities holdings and a stable revenue posture.

The paper claims that Tether owns roughly $23 billion in further publicity by repurchase agreements and different cash-equivalent property along with $98.5 billion in direct US Treasury payments. For the quarter the company claimed an operational revenue of greater than $1 billion.

Initially $7.1 billion within the fourth quarter of 2024, Tether now retains $5.6 billion in extra reserves for its USDT stablecoin. However this decline, as of Might 1 the market valuation of the stablecoin has risen to $149 billion; circulating provide has elevated by nearly $7 billion in Q1 and consumer wallets have expanded by 46 million.

With greater than $2 billion dedicated in renewable vitality, synthetic intelligence, peer-to–peer communications, and information infrastructure, the company retains distributing its extra cash to key initiatives.

With USDT and Circle’s USDC possessing a mixed 87% market share, tokens linked to the US greenback nonetheless rule the stablecoin scene. The US Treasury’s Q1 2025 report initiatives that by 2028 the market capitalization for dollar-backed stablecoins will attain $2 trillion.

However European Union officers have recently voiced worries concerning the risks linked with overreliance on dollar-pegged stablecoins; the Financial institution of Italy warns that disturbances within the stablecoin market or underlying bonds may have “repercussions for different elements of the worldwide monetary system.”