Daily Crypto Signals: Bitcoin Breaks $97K While Solana Surges
Bitcoin has surged to nearly $97,000 as Solana posts an impressive 8% daily gain to $152, with both cryptocurrencies showing strong
Quick overview
- Bitcoin has surged to nearly $97,000, with strong technical momentum and increased trading volumes indicating growing investor interest.
- Solana has posted an impressive 8% daily gain to $152, supported by a 35% increase in trading volume and significant on-chain activity.
- Tether reported over $1 billion in operational profit for Q1 2025, highlighting its strong financial position amid concerns about dollar-pegged stablecoins.
- Analysts predict Bitcoin could reach between $125,000 and $150,000 by late 2025, while Solana's price targets may exceed $250 if it breaks current resistance levels.
Bitcoin has surged to nearly $97,000 as Solana posts an impressive 8% daily gain to $152, with both cryptocurrencies showing strong technical momentum and increased trading volumes amid growing investor interest in the crypto market.
Crypto Market Developments
As Bitcoin approaches the sought-after $100,000 mark, the market for cryptocurrencies is displaying fresh power; Solana exhibits amazing rebound momentum. These advances signal increasing institutional adoption of digital assets as Morgan Stanley apparently intends to list cryptocurrencies on its E*Trade investment platform by 2026.
One of the biggest bitcoin exchanges, Coinbase, said on May 15 that trading for the Movement Network token (MOVE) would be suspended citing the token’s failing listing criteria. The ruling tracks an ongoing third-party inquiry into an agreement purportedly signed by Movement Labs and a market-making company.
Concurrently, OpenAI CEO Sam Altman’s crypto-tied digital identity project World (previously Worldcoin) is opening its US launch in major innovation hotspots like Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. Along with a collaboration with Visa for a card allowing payments in WLD, the initiative gives a crypto token (WLD) to users who confirm their humanity via ocular scanning.
Bitcoin Tests $97,000
With a 3% daily increase, Bitcoin BTC/USD peaked at $96,955 on May 1, above its level from February 22. Positive swings in US markets accompanied the boom; Microsoft gained 10% to rank among the most valuable public companies worldwide.
If Bitcoin can recover its broken parabolic slope, veteran trader Peter Brandt has projected that by August or September 2025 it may perhaps reach between $125,000 and $150,000. From Bitcoin’s price chart, Brandt found a parabolic arc pattern—a technical formation usually indicating quick climbs followed by abrupt corrections. He advised, meantime, that a 50%+ correction might follow the top.
From an on-chain standpoint, Bitcoin expert Axel Adler Jr. said that the “start” rally zone of Bitcoin is about to be reached. Under an optimistic view, should some technical indicators cross important levels, he estimated a price goal above $150,000.
With US GDP figures revealing a 0.3% loss in the first quarter—the first contraction since Q2 2022—the current price fluctuation fits the economic instability of times. This raises the likelihood of a Federal Reserve interest rate drop to 62.8% for the June 18 meeting, therefore fostering a climate that would benefit risk-on assets such as Bitcoin.
Over $137 million have been short position liquidations in the previous 24 hours; analyst Joao Wedson notes that BTC’s price momentum still points to positive tendencies. Still, a sizable volume cluster between $96,000 and $99,000 points to Bitcoin maybe going through a moment of consolidation before testing the $100,000 barrier.
Solana Trading Volume Surges by 35%
Solana SOL/USD has shown great vigor; she climbed 8% from her April 30 low of $140 to around $152 on May 1. Strong market interest is shown by the daily trading volume of the cryptocurrency jumping by 35% during the past 24 hours.
Open long positions in the futures market preceded SOL’s climb above $150. With May 1 SOL futures open interest rising 5% over the past 30 days to 38.7 million SOL, SOL futures contracts amount to $5.86 billion. With around 50% more interest than XRP XRP/USD, this ranks Solana third in the cryptocurrency market in terms of derivatives demand.
From -0.005% on April 30 to 0.007%, positive financing rates in Solana’s perpetual futures markets have turned from -0.005% to indicate increasing buying pressure by more capital entering the market.
Additionally demonstrating notable progress is Solana’s on-chain activities. Solana is the second-largest layer-1 blockchain with more than $8 billion in total value locked (TVL), and over the past 30 days its TVL has risen by almost 25%. Projects like Sanctum have done remarkably well; their TVL over the past month shows a 40% increase.
Since April 11, daily decentralized exchange (DEX) volumes on Solana have climbed by more than 90% and now amount $3.14 billion. With $21.6 billion in DEX activity over the past week, Solana lead the market exceeding the whole Ethereum layer-2 ecosystem. Among the notable Solana network achievers are Raydium with a 63% weekly increase in volumes and Lifinity with a 40% increase in activity.
Technically, SOL seems to be creating a V-shaped recovery pattern on the weekly chart; analysts advise possible targets of $250 should the price break over the existing resistance zone between $160 and $200.
Tether Reports $1B+ Profit in Q1
With its financial report for the first quarter of 2025, Tether, the corporation behind the biggest stablecoin by market capitalization, has exposed significant US Treasury securities holdings and a solid profit posture.
The paper claims that Tether owns roughly $23 billion in extra exposure through repurchase agreements and other cash-equivalent assets in addition to $98.5 billion in direct US Treasury bills. For the quarter the corporation claimed an operational profit of more than $1 billion.
Originally $7.1 billion in the fourth quarter of 2024, Tether now retains $5.6 billion in excess reserves for its USDT stablecoin. Notwithstanding this decline, as of May 1 the market valuation of the stablecoin has risen to $149 billion; circulating supply has increased by almost $7 billion in Q1 and user wallets have expanded by 46 million.
With more than $2 billion committed in renewable energy, artificial intelligence, peer-to–peer communications, and data infrastructure, the corporation keeps distributing its extra money to key initiatives.
With USDT and Circle’s USDC possessing a combined 87% market share, tokens linked to the US dollar still rule the stablecoin scene. The US Treasury’s Q1 2025 report projects that by 2028 the market capitalization for dollar-backed stablecoins will reach $2 trillion.
But European Union officials have lately voiced worries about the dangers connected with overreliance on dollar-pegged stablecoins; the Bank of Italy warns that disturbances in the stablecoin market or underlying bonds could have “repercussions for other parts of the global financial system.”
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