- Market Commentary: Over the past 24 hours, BTC briefly surged to around $77,313 before rapidly pulling back, while ETH faced resistance near $2,145 and subsequently trended lower in a choppy range. Overall, the market showed weak follow-through buying and continued short-term consolidation bias. If U.S. Treasury yields retreat and risk appetite improves, the crypto market may retest key resistance levels; otherwise, downside pressure could persist.
- Trending Tokens: ZEST, EDEN, and PROMPT were among the top-performing assets over the past 24 hours. ZEST surged more than 649% after being added to the Alpha listing of a major CEX, highlighting extreme speculative activity driven by the BTCFi narrative and low circulating supply dynamics. Meanwhile, EDEN and PROMPT benefited from continued momentum in the RWA and AI Agent narratives, with elevated trading volumes amplifying price movements amid relatively thin liquidity conditions.
- Alpha Insights: Trump signaled he would give Kevin Warsh greater policy flexibility, while surging U.S. Treasury yields continued to weigh on rate-cut expectations. Truth Social withdrew its Bitcoin ETF application, suggesting the crypto ETF market is increasingly entering a zero-sum competition phase. Meanwhile, Mastercard abandoned its planned investment in Zerohash and instead shifted focus toward BVNK to expand its stablecoin payment infrastructure strategy.
Discover more details today → Gate Research: Crypto Market Extends Volatile Pullback, Mastercard Terminates Investment Plan in Zerohash
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
May 20, 2026
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