Daily Market Wrap | May.18

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Hot Topics

Iran explores BTC-settled maritime insurance for Strait of Hormuz.

BTC dips below $77K; 30-yr U.S. Treasury yield hits 5.13%.

Market Updates

Bhutan denies selling BTC despite $1B on-chain outflows.

Italy's largest bank logs $235M crypto book; adds ETH, XRP, cuts SOL.

BTC-3.47%
ETH-4.54%
XRP-2.93%
SOL-3.71%
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jimmychen
· 05-18 09:30
The BTC-ETH chart now shows both sides pulling each other down, with the bullish trend clearly weakening, the market is pulling back, and accumulation is still ongoing. The bearish trend has not ended yet. Currently, all the upward movements are just to lure in more buyers.
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