Of Omkar Godbole (all times one unless otherwise stated)

Crypto Bulls take a breath and leaves Bitcoin BTC$103.717.68 In Stasis near $ 103,000 in front of the United States

With merchant tensions in the United States and China, markets for now are optimistic over a softer than expected inflation sprint that potentially touches calls for interest rates.

This resulting risk-in-mood could push Bitcoin to new heights and speed up the ongoing rotation of means of alternative cryptocurrencies. The Bitcoin dominance frequency or the largest cryptocurrency’s share of the total crypto market capital has slid 63% from 65%, indicating a growing interest beyond Bitcoin.

An important point to consider in the midst of all this is that Bitcoin has led swings in US assets this year.

In particular, Bitcoin peaked over $ 109,000 in January, weeks before the Nasdaq and Dollar index reached their peaks and went into the bear markets and priced the financial effect of rising merchant stresses.

Similarly, BTC’s beginning of April of about $ 75,000 weeks before sales in the dollar index Klimaks near 92 happened at the end of April. Since then, the index is rebounded to 102 and challenges its Bearish Trendline (see technical analysis).

This pricing raises a convincing question: Does Bitcoin develop to be a leading indicator of US assets, while he is part of American exceptionalism history noticed by Coindesk in March? If so, days of tracking Nasdaq are for signals about the next possible feature in BTC past. Stay aware!

What to look at

• Crypto:
• Macro
  • May 13, 8:30: The US Bureau of Labor Statistics (BLS) releases April Consumer Price Inflation Data.
    • Core Inflation Mother Est. 0.3% vs. Prev. 0.1%
    • Core inflation speed yoy est. 2.8% vs. Prev. 2.8%
    • Inflation rate mother est. 0.3% vs. Prev. -0.1%
    • Inflation rate yoy est. 2.4% against prev. 2.4%
  • May 14 at 1 p.m. 15: Argentina’s National Institute of Statistics and Census releases April -inflation data.
    • Rate of inflation mother earlier. 3.7%
    • Inflation rate yoy prev. 55.9%
  • May 15, 8 AM: The Brazilian Institute of Geography and Statistics Release March Detail Data.
    • Retail Sales Mother Prev. 0.5%
    • Detail Sale Yoy Prev. 1.5%
  • May 15, 8:30: The US Bureau for Work Statistics Releases April producer price inflation data.
    • Core PPI Mom est. 0.3% vs. Prev. -0.1%
    • Core ppi yoy est. 3.1% vs. Prev. 3.3%
    • PPI MOM est. 0.2% vs. Prev. -0.4%
    • PPI yoy est. 2.5% vs. Prev. 2.7%
  • May 15, 8:30: The US Census Bureau releases April sales data.
    • Retail Sales Mother Est. 0% vs. Prev. 1.5%
    • Detail Sale Yoy Prev. 4.9%
  • May 15, 8:30: The US Ministry of Labor is releasing unemployment insurance data for the week ending May 10th.
    • Initial unemployed claims est. 230K vs. Prev. 228k
  • May 15, 8:40: Fed -Chairman Jerome H. Powell gives a speech (“Framework Review”) in Washington. Livestream -link.
• Earnings (Estimates based on Factset -Data)
  • 13 May: Semler Scientific (SMLR), Post-Market
  • May 14: BitFarms (Bitf), Pre-Market
  • May 14: Iren (Iren), Post-Market
  • May 15: Bit Digital (BTBT), Post-Market
  • May 15: Bitdeer Technologies Group (BTDR), Pre-Market
  • May 15: Fold Holdings (FLD), Post-Market
  • May 15: Kulr Technology Group (Kulr), Post-Market
  • May 28: NVIDIA (NVDA), Post-Market

Token -events

• Management votes and calls
  • May 15 at 1 p.m. 10: Moca Network to host a Discord Townhall session discussing network updates.
• Unlock
  • May 13: Whitebit Coin (WBT) to lock 27.41% of its circulating supply worth $ 1.2 billion.
  • May 15: Starknet (Strk) to lock 4.09% of its circulating supply worth $ 23.87 million.
  • May 15: SEI (SEI) to lock 1.09% of its circulating supply worth $ 14.91 million.
  • May 16: Arbitum (Arb) to lock 1.95% of its circulating supply worth $ 39.06 million.
• Token launches
  • May 13: LOFI (LOFI) to list on Kraken.
  • May 13: Cosmos Hub (Atom) to list on Bitbank.
  • May 13: Redacted (RDAC) for list on Binance Alpha.
  • May 15: RIZE (RIZE) to list on Kraken.
  • May 16: Galxe (Gal), Litencency (Lit), Mines of Dalarnia (DAR), Orion Protocol (Orn) and Parsiq (PRQ) to be defined from Coinbase.

Conferences

Coindesk’s consensus takes place in Toronto on 14 to 16 May. Use the code’s diary and save 15% on passports.

Token Talk

By Shaurya Malwa

• Over 11,700 tokens were launched at Letsbonk.Fun over the last 24 hours, almost half of the number created on pump.Fun in the same period-a sign of greater user migration to the relatively new token issuing platform on Solana.
• The platform generated 5,884 sun in fees ($ 1.02 million) Monday and pushed the total fee income over 16,000 sun ($ 2.78 million) since the launch of the end of April, largely followed trader @theunipcs told Coindesk in a telegram message.

• Letsbonk.Fun now controls 31% of Solana Memecoin Launchpad Market in volume, which quickly closes for dominant players despite its relative youth.
• The total number of tokens created at Letsbonk.Fun now exceeds 38,000, with the majority launched in the last few days.
• Many of the platform’s competitive features and catalysts have not yet gone live, suggesting upward potential, as planned tools and gamification roll out, @theunipcs pointed out in the X post.
• The Bonk prices have risen more than 25% in the last week when Letsbonks Metrics contributed to the momentum.

Derivatives Location

• Open interest in Bitcoin Perpetual Futures, listed on offshore exchanges, fell by $ 1 billion to $ 19 billion during the BTC price of the BTC price, indicating the weakness was led by profits. Ether data shows the same.
• Financing rates in BTC and ETH remain positive, indicating a unified bullish atmosphere.
• BTC and ETH CME FUTURE’s open interest in coin conditions have sprung to the highest since the beginning of April, but the overall positioning remains light and far below the highs seen in December.
• On boundary, BTC and ETH call continues to trade with prizes to put several time frames across multiple time frames, reflecting a bullish bias.
• On over-the-counter platform paradigm, optional streams have been mixed with call spreads lifted in ETH along with put spreads in Bitcoin.

Market movements

• BTC has increased by 1.58% from 1 p.m. 16 A Monday to $ 103,469.13 (24 hours: -0.97%)
• ETH has risen 1.22% of $ 2,485.45 (24 hours: -2.9%)
• Coindesk 20 has risen 1% at 3,244.61 (24 hours: -0.95%)
• Ether Cesr Composite Staking Rate has fallen 7 BPS at 3.17%
• BTC financing rate is 0.0057% (6,219% annual) on OKX

• DXY is down 0.22% at 101.56
• Gold has risen 3.22% to $ 3,251.80/OZ
• Silver has risen 1.85% of $ 33.03/oz
• Nikkei 225 closed +1.43% at 38,183.26
• Hang bed closed -1.87% at 23,108.27
• FTSE is unchanged at 8,605.82
• Euro Stoxx 50 is unchanged at 5,394.23
• Djia closed Monday +2.81% at 42,410.10
• S&P 500 CLOSED +3.26% at 5,844.19
• Nasdaq closed +4.35% at 18,708.34
• S&P/TSX Composite Index Closed +0.69% at 25.532.18
• S&P 40 Latin America closed unchanged at 2,578.53
• US 10-year-old Treasury is down 2 bps at 4.46%
• E-MINI S&P 500 Futures are down 0.31% at 5846.75
• E-MINI NASDAQ-100 FUTURES ARE DOWN 0.41% AT 20.862.75
• E-mini dow jones industrial average index futures is down 0.11% at 42,445.00

Bitcoin statistics

• BTC Dominance: 62.95 (+0.51%)
• Ethereum to Bitcoin ratio: 0.02394 (-1.36%)
• Hashrate (seven-day sliding average): 875 EH/S
• HashPrice (Spot): $ 56.15
• Total fees: 12,946 BTC / $ 1.33 million
• CME Futures Open Interest: 146,020 BTC
• BTC priced in gold: 31.7 oz
• BTC VS GOLD MARKET CAP: 9.98%

Technical Analysis

• The dollar index is investigating the trendline that characterizes sales from February heights.
• A breakout would confirm the ending of downward, potentially drawing speed dealers on the market.

Crypto shares

Strategy (MSTR): CLOSED MONDAY OF $ 404.9 (-2.68%), an increase of 1.07% to $ 409.22 in the pre-market

COINBASE GLOBAL (COIN): CLOSED TO $ 207.22 (+3.96%), an increase of 9.55% to $ 226.88

Galaxy Digital Holdings (GLXY): Closed to $ 28.39 (+6.37%)

Mara Holdings (Mara): Closed to $ 15.95 (+1.21%), an increase of 0.94% to $ 16.10

Riot Platforms (Riot): Closed to $ 8.7 (+2.59%), an increase of 0.69% to $ 8.76

Core Scientific (Corz): Closed to $ 9.88 (+6.01%), an increase of 1.92% to $ 10.07

Cleanspark (CLSK): CLOSED TO $ 9.62 (+4.57%), an increase of 0.83% to $ 9.70

COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 16.34 (+5.08%)

Semler Scientific (SMLR): Closed to $ 34.84 (+0.14%), down 0.46% to $ 34.68

Exodus Movement (2.

Etf is flowing

SPOT BTC ETFS:

• Daily net streams: 5.2 million dollars
• Cumulative net streams: 41.13 billion dollars
• Collected BTC holdings ~ 1.17 million

SPOT ETH ETFS

• Daily net streams: -$ 17.6 million
• Cumulative net streams: 2.47 billion dollars
• Collected ETH holdings ~ 3.45 million

Source: Father’s page -Investors

Flows overnight

Today’s chart

• The StableCOin Tether (USDT) market sheath has hit a record height of $ 150 billion and climb 4% in less than one month.
• The ever -increasing supply could keep the market well supported on dips if any.

While you were asleep

• Bitcoin, which crosses $ 2T in market capital, triggers the wave of new buyers, but key players are gently pulling, on-chain data show (Coindesk): While first-time buyers show strong interest, momentum buyers remain weak, suggesting that there is potential for price consolidation.
• Hong Kong Crypto Investor Animoca plans us noting as Trump lures several groups (Financial Times): Animoca, who has supported OpenSea, Kraken and Consensys, see the crypto-friendly US regulatory regime as a chance to pursue a listing in the country.
• Goldman raises S&P 500 targets on lower duty, recession risks (Bloomberg): Strategists raised their 12-month target of the S&P 500 index to 6,500 from 6,200, referring to ease recession and customs risks. Higher tasks could still erode corporate margins, they said.
• Investment Banker Raises China Growth Outlook after the surprise trade agreement with us (CNBC): UBS raised its China growth forecast for 2025 to as high as 4% from 3.4%, while nomura upgraded Chinese shares and trimmed Indian exposure to China.
• The EU is reading capital control and customs to protect Russia’s sanctions (Financial Times): Brussels weighs alternative legal tools to renew sanctions against Russia beyond July if Hungary follows threats to veto veto towards an extension.
• Pump.Fun launches revenue sharing for coin creators in push to incentive long-term activity (Coindesk): Pump.Fun launched a revenue sharing model that pays coin creators 5 Basic points for trade volume for the purpose of limiting pump-and-dumps and rewards credible developers with recurring income.

In ether