Author: BTCLFGTEAM
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Injective price jumps as bulls extend gains amid Bitcoin spike
- Injective price is extending gains above the $10 mark.
- Bitcoin’s rally above $105k and real-world assets tokenization catalysts could drive the INJ price higher.
- INJ technical outlook is largely bullish.
Injective (INJ) is among the top-performing altcoins on Monday as bullish sentiment sweeps through the cryptocurrency market.
The token is trading above $13.60, lifted by renewed investor confidence following Bitcoin’s surge past $105,000.
With macroeconomic optimism and progress on regulatory fronts driving broader market momentum, analysts suggest Bitcoin could challenge new all-time highs in the near term.
This backdrop is fuelling capital rotation into altcoins, with projects like Injective benefiting from increased speculative interest.
A layer-1 blockchain focused on decentralised finance and real-world asset tokenization, Injective has continued to attract attention as narratives around scalability and use-case-driven growth gain ground.
Injective price extends gains above $10
Injective (INJ) price is up 7% in the past 24 hours, gaining as top alts such as Ethereum, BNB, and Solana break to key levels.
The price of INJ has surged after recently breaking past the $10 mark.
Currently, it changes hands for around $13.62. However, it hovered at highs of $14.29 on May 12, 2025, to hit its highest level since late February.
Amid the price gains, Injective’s market cap rose to $1.37 billion, although the 24-hour trading volume remained modest at $172 million.
Having surged 46% in seven days and 67% in the last 30 days, the overall market interest might see bulls take control.
Bitcoin rally and RWA tokenization drive INJ price
While Bitcoin’s rally is fueling further optimism across the market, catalysts for INJ price also include strong institutional demand across its RWA ecosystem.
Tokenization is a key tailwind for Injective, with a recent Four Pillars report highlighting how this sector is shaping up INJ for traction.
Recent bull cycles have had DeFi, play-to-earn games, memecoins, and AI tokens explode.
Now, analysts say while these areas see growth, the RWA market’s growth has blockchains like Injective in the spotlight.
Injective’s network, optimized for the tokenization of traditional assets like stocks, stablecoins, and commodities, stands as a likely beneficiary.
Investors eyeing an on-chain opportunity are increasingly seeing it as the go-to platform.
RWA adoption may further boost INJ’s price momentum.
Injective price technical outlook
From a technical perspective, INJ’s daily chart paints a bullish picture.
INJ chart by TradingView The daily Relative Strength Index (RSI) currently hovers in overbought territory.
However, it’s not overly extended to suggest more room for bulls.
If it sees a pullback, INJ will likely bounce off support around $11.05 and $10.22.
This scenario may align with the Moving Average Convergence Divergence (MACD), which shows a bullish crossover.
The histogram indicates an upward momentum. If this happens, bulls will target $16 and then $20.
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Crypto news today: Bitcoin nears all-time high; ETH, DOGE, PEPE, ATOM show bullish signs
- Bitcoin surged past $100K this week, fueled by strong spot ETF inflows of over $1 billion.
- With Bitcoin nearing its all-time high, key support is now eyed around the $100,000 level.
- Ether experienced a dramatic price jump, breaking $2,600 and targeting $3,000.
Bitcoin has decisively reclaimed ground above the psychologically crucial $100,000 mark this week, signaling a resurgence of bullish momentum in the cryptocurrency market.
Supported by substantial inflows into spot Bitcoin ETFs, particularly BlackRock’s IBIT fund, buyers are now attempting to consolidate these gains and potentially push towards new all-time highs.
This renewed strength in the market leader is also igniting interest in several altcoins, prompting discussions about the potential onset of an “altseason.”
The past week saw Bitcoin climb over 10%, with buyers successfully pushing the price through significant resistance levels.
This rally has been notably backed by consistent institutional demand, exemplified by BlackRock’s IBIT spot Bitcoin ETF extending its inflow streak to 19 days, attracting $1.03 billion in the latest trading week alone, according to Farside Investors data.
Technically, Bitcoin is gradually inching towards its all-time high of $109,588, indicating a measured but confident advance by the bulls who seem reluctant to book profits prematurely.
While this strong rally has pushed the Relative Strength Index (RSI) into overbought territory – often a precursor to a short-term correction or consolidation – any pullback is anticipated to find robust support between the $100,000 level and the 20-day exponential moving average (EMA), currently around $96,626.
A successful rebound from this support zone would significantly increase the probability of a breakout above $109,588, potentially targeting $130,000.
However, bears still have a window to regain control.
A swift and decisive break below the 20-day EMA could trigger a sharper decline towards the 50-day simple moving average (SMA) near $88,962.
On shorter timeframes, strong selling pressure is expected in the $107,000 to $109,588 zone.
A successful defense of the 4-hour 20-EMA on any dip would signal continued bullish strength, while a break below $100,000 could open the door for a deeper correction towards $93,000 or even $83,000.
Ether (ETH) skyrockets, eyes further upside
Ether (ETH) experienced a dramatic surge, catapulting from $1,808 on May 8 to $2,600 by May 10, showcasing aggressive buying pressure.
This rapid ascent also pushed its RSI into overbought territory, suggesting a potential near-term consolidation or minor pullback.
Key support levels to watch on the downside are $2,320 and then $2,111.
If Ether finds support at these levels and turns higher, the ETH/USDT pair could extend its rally towards $2,850 and subsequently aim for the $3,000 mark.
However, a break below the $2,111 support would invalidate the immediate bullish outlook, potentially leading to a period of range-bound trading between $1,754 and $2,600.
On the 4-hour chart, bulls managed to push above the $2,550 resistance but struggled to sustain those higher levels.
A positive sign is that buyers haven’t conceded much ground, suggesting they anticipate further upside.
A break above $2,609 could trigger the rally towards $3,000, while a drop below the 4-hour 20-EMA might initiate a deeper correction towards the $2,111 support.
Dogecoin (DOGE) breaks resistance, signals trend change
Dogecoin (DOGE) showed a significant short-term trend change by soaring above the $0.21 overhead resistance on May 10.
The rally is currently facing selling pressure near $0.26, which could lead to a retest of the $0.21 breakout level.
If DOGE rebounds strongly from $0.21, it would indicate a shift in market sentiment from “sell the rally” to “buy the dip,” increasing the likelihood of a continued advance towards $0.31.
To negate this bullish momentum, sellers would need to pull the price back below the 20-day EMA (around $0.19).
Such a move could trap DOGE within a larger trading range between $0.14 and $0.26 for an extended period.
Immediate support on any pullback from $0.26 is seen at $0.22 and then $0.21.
Pepe (PEPE) rallies sharply, tests key levels
Meme coin Pepe (PEPE) staged a sharp rally from its 50-day SMA (around $0.000008), breaking above the $0.000011 overhead resistance on May 8.
This aggressive move has also pushed its RSI into overbought territory, signaling a potential pullback. The PEPE/USDT pair might drop to retest the $0.000011 breakout level.
If this level holds as support, it would strengthen the bullish case for a rally towards $0.000017 and then $0.000020.
Conversely, a break below the 20-day EMA (around $0.000009) would invalidate this optimistic outlook.
On the 4-hour chart, bears are aggressively defending the $0.000014 level.
A pullback to the 4-hour 20-EMA is a critical support to watch; a bounce could lead to another attempt to break $0.000014, while a failure could see PEPE slide back to $0.000011 or even the 50-SMA.
Cosmos (ATOM) breaks out of base, targets higher levels
Cosmos (ATOM) signaled a potential trend change by closing above the $5.15 resistance on May 10, breaking out of a large basing pattern.
However, bears are expected to defend this level strongly.
If they succeed in pushing the price back below $5.15, aggressive bulls could be trapped, leading to a pullback towards the moving averages.
If buyers can sustain the price above $5.15, the ATOM/USDT pair could gain significant momentum and rally towards $6.50.
While sellers will likely attempt to halt the advance there, a successful break above $6.50 could open the path towards $7.50.
The sharp rally has pushed the 4-hour RSI into overbought territory, suggesting a short-term correction or consolidation.
Bulls must defend the $5.15 level to maintain momentum towards $6.60. A break below $5.15 could lead to a deeper correction towards the 20-EMA or even $4.70.
While some analysts debate whether a full-blown “altseason” has truly begun, given the modest recovery of many altcoins from their significant drawdowns, the recent price action across several key cryptocurrencies suggests a renewed bullish appetite in the market.
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Taiwan eyes Bitcoin as hedge against inflation and US Treasury exposure
- Lawmaker Ko Ju-Chun suggests adding Bitcoin to national reserves.
- Taiwan has 423 metric tons of gold in its asset base.
- New Hampshire in the US passed a law to include Bitcoin in state reserves.
Taiwan is considering a significant policy shift—one that could see Bitcoin join its national reserves.
Faced with inflationary pressure, global trade tension, and increasing reliance on US Treasury bonds, the country is now questioning whether its financial buffers are truly secure.
Legislator Ko Ju-Chun recently proposed the inclusion of Bitcoin in the central bank’s reserve mix, citing its decentralised nature and fixed supply as a strategic hedge against future financial instability.
The proposal reflects a broader reassessment of traditional reserve assets, especially as over 90% of Taiwan’s US$577 billion in foreign exchange reserves are currently tied to US Treasuries, raising concerns about diversification and liquidity during crises.
Rising currency risks and dependency on US Treasuries
Taiwan’s export-led economy is particularly sensitive to geopolitical shifts and inflation trends.
With growing tensions between the US and China and the risk of supply chain disruptions, lawmakers are increasingly alert to the vulnerabilities of the New Taiwan Dollar (NTD).
Currently, Taiwan holds 423 metric tons of gold and nearly all its foreign exchange in US dollar-denominated assets.
Analysts note that while these have been historically reliable, their over-concentration exposes the country to US monetary policy and potential sanctions should relations deteriorate.
In an address to parliament, Ko Ju-Chun highlighted that Taiwan needs “strategic flexibility” in how it manages its reserves, especially under scenarios of financial decoupling or restricted access to dollar markets.
Bitcoin floated as a hedge, not a replacement
The core of the proposal is not to upend Taiwan’s current reserve strategy but to diversify it.
Ko’s plan calls for allocating a small percentage of Taiwan’s reserves to Bitcoin, which he argues would provide an uncorrelated asset that is globally accessible and cannot be arbitrarily inflated.
Bitcoin’s fixed supply of 21 million tokens, combined with its decentralised ledger system, is a key reason why it is being considered.
According to Professor Liu Yiru of National Taiwan University, these features make it particularly resistant to inflationary dilution—unlike fiat currencies, which central banks can expand during economic shocks.
Former Premier Chen Cong also weighed in, stating that although Bitcoin may not serve as a transactional currency at scale, its role as a digital store of value could help safeguard Taiwan’s financial sovereignty.
Global momentum for Bitcoin reserves
Taiwan’s deliberation comes at a time when other governments are also experimenting with Bitcoin at the state level.
In the US, New Hampshire recently passed the Bitcoin Reserve Act, allowing the inclusion of the digital asset in its state reserves.
The move has prompted discussions in other American states and emerging markets facing high inflation or currency instability.
While Taiwan has yet to formalise any such measure, the conversation signals a shift in how policymakers view crypto-assets, not merely as speculative investments but as potential components of national financial infrastructure.
In addition to legislative interest, Ko suggested that a task force be set up to study the feasibility, volatility, and custodial risks associated with Bitcoin reserves.
The central bank has not publicly responded to the proposal, though it is expected to be discussed further in upcoming budget and monetary policy reviews.
The broader context of these debates also includes Taiwan’s need to balance its strong technological sector with the risks posed by its geopolitical location.
Diversifying reserve assets may serve not only economic goals but also broader strategic autonomy.
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Steak ‘n Shake to accept Bitcoin at 300 US outlets from May 16
- All 300+ US locations included in launch. Starbucks.
- Chipotle use fiat-converted crypto.
- Venezuela and El Salvador show mixed results.
Bitcoin is about to face one of its most practical tests yet.
American fast-food chain Steak ‘n Shake announced that it will begin accepting the world’s largest cryptocurrency at all of its US locations starting 16 May.
With more than 300 outlets and over 100 million customers annually, the rollout positions Steak ‘n Shake as a major player in the push to normalise crypto in everyday transactions.
The decision also comes at a time when mainstream retailers are under pressure to modernise payment systems.
For Bitcoin, long seen more as a store of value than a spendable currency, the partnership presents a real-world opportunity to demonstrate its utility—particularly in a low-margin, high-speed retail setting that will challenge its scalability and efficiency.
Thin margins, high volume
Fast food chains rely on speed, volume, and efficiency to remain profitable.
Unlike high-end retail, where large margins allow room to experiment with alternative payment methods, companies like Steak ‘n Shake must ensure any system change is reliable and cost-effective.
Bitcoin’s integration, therefore, becomes more than a gimmick—it is a stress test for how well the cryptocurrency can perform under retail pressure.
The announcement was teased in March with a post on X (formerly Twitter), where Steak ‘n Shake asked followers whether it should accept Bitcoin. That post drew attention from high-profile figures, including former Twitter CEO Jack Dorsey.
The company followed up with crypto-themed marketing, including a tweet referencing Elon Musk’s Mars ambitions and Robert F. Kennedy Jr.’s vocal support for both Bitcoin and beef tallow.
Past attempts and pilots
The upcoming rollout differs from earlier, limited experiments by other food chains.
Starbucks enabled BTC wallet top-ups in 2021 through the Bakkt app, though the crypto was converted to dollars before reaching the till.
Chipotle began accepting over 90 cryptocurrencies in 2022, including Bitcoin, Ether, and Solana, through Flexa—again with automatic conversion to fiat currency.
Subway was one of the first fast food chains to test Bitcoin payments back in 2013 at select franchises.
Although some stores in crypto-forward cities later revived the initiative, there was no national implementation.
Global rollouts and legal tender
Outside the US, crypto adoption in food retail has typically responded to local economic pressures.
In Venezuela, Burger King briefly accepted Bitcoin and other digital assets in 2020 via a partnership with Latin American platform Cryptobuyer.
However, this was limited in scope and short-lived.
El Salvador went further by declaring Bitcoin legal tender in 2021.
Major brands like Pizza Hut and Starbucks quickly offered crypto payments in the country.
Despite the fanfare, national usage has remained low, with some reports citing infrastructure gaps and inconsistent user experiences.
Native crypto or fiat?
Steak ‘n Shake has yet to confirm whether it will process Bitcoin natively or convert it to fiat at checkout.
Previous retail integrations have mostly favoured instant conversion tools to manage volatility.
The answer could define whether this rollout represents genuine on-chain adoption or simply another workaround.
If the rollout succeeds, it could prompt other national chains to reassess crypto payments.
If it fails, it may reinforce doubts about Bitcoin’s use in everyday commerce.
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Pepe price jumps 40% on Bitcoin rally
- Price broke resistance at $0.000009 amid 150% volume spike.
- Whale accumulation triggered breakout to $0.000011 zone.
- Target levels include $0.00001712, $0.00002118 and potentially $0.00006.
The memecoin market is back in focus after Pepe recorded a dramatic 40% surge in the past 24 hours, outperforming Dogecoin, Shiba Inu, and other top tokens.
The broader altcoin rally followed Bitcoin’s break past the $100,000 level and Ethereum crossing $2,200.
As a result, memecoins are now leading gains across decentralised finance, with some tokens recording double-digit increases in a matter of hours as renewed investor confidence returns.
Pepe, one of the more volatile assets in the segment, has just broken through a critical resistance at $0.000009 amid rising whale accumulation and a 150% jump in trading volumes.
Technical indicators suggest this breakout could lead to a major price discovery phase and potentially a new all-time high for the token.
Whale demand and volume boost fuel breakout
Trading volume for Pepe skyrocketed as larger investors, often called ‘whales’, began accumulating substantial amounts of the token.
The breakout above $0.000009 was seen as a major technical milestone, having acted as a stubborn resistance in the past.
The price move was accompanied by a 150% increase in volume, pointing to strong market interest.
Whale wallets reportedly bought millions of dollars’ worth of Pepe, which helped drive momentum past key price levels.
At the time of writing, Pepe is trading at $0.00001334, having surpassed the $0.000011 range that previously marked the token’s April high.
Source: CoinMarketCap
Technicals point to next leg of bull run
Pepe’s price chart shows a double-bottom reversal formation, with the neckline recently breached. Weekly technical indicators support a bullish continuation.
The Relative Strength Index (RSI) is showing a breakout into overbought territory, while the MACD has flipped bullish with a crossover above the signal line.
The token is currently testing its 200-day moving average on the weekly timeframe.
If it maintains support above this level, analysts suggest a move towards $0.00001712 is possible, followed by a run to $0.00002118.
Beyond that, the chart suggests Pepe could test the resistance channel top at around $0.00006, which would mark a new all-time high and potentially attract fresh speculative capital.
Memecoin sector gains accelerate
The broader memecoin market has seen significant gains in the past day.
BOOK OF MEME jumped 30%, while Fartcoin, Mog Coin, FLOKI, and ApeCoin posted increases between 18% and 20%.
Several others, including popular tokens in the top 100 by market cap, registered 15% gains or more.
The rally is widely viewed as being fuelled by Bitcoin’s strength, which has historically served as a catalyst for speculative altcoins.
Ethereum’s move above $2,200 has also restored confidence in riskier crypto assets, especially tokens with strong community backing like Pepe and others that have experienced prior bull cycles.
Unlike some of the smaller tokens, Pepe has managed to break key resistance with strong on-chain activity.
The bullish divergence across technical indicators hints at sustained buying interest, particularly as the meme sector enters what some traders call a “parabolic” phase with high volatility.
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XRP up, Bitcoin Pepe eyes 300% on Fed boost
- XRP price is rising following Bitcoin’s breakout past $100K, with the SEC settlement boosting the outlook.
- Bitcoin Pepe combines Bitcoin’s security with Solana’s speed for meme trading.
- Bitcoin Pepe’s presale offers up to 300% gains for early participants.
The cryptocurrency market is buzzing with excitement due to Bitcoin’s recent breakout above $100,000 and the Federal Reserve’s decision to pause interest rate hikes, which has paved the way for altcoins like XRP to see significant price jumps.
At the same time, a new project, Bitcoin Pepe, is capturing attention with its potential for up to 300% gains as it nears its launch.
XRP price soars as Bitcoin breaks out above 100,000
XRP, the native token of the Ripple network, has seen its price soar by over 6% in just the past 24 hours.
This rally is fueled by Bitcoin’s climb past the $100,000 mark, lifting the broader altcoin market as the Federal Reserve’s pause on interest rate hikes also boosts investor confidence in risk assets like cryptocurrencies.
Another major catalyst for XRP is the news of a potential settlement in the SEC’s lawsuit against Ripple Labs.
The SEC’s proposed $50 million settlement is a fraction of the original $2 billion demand, signalling a positive turn for XRP.
These developments have played a vital role in pushing XRP’s price past a critical resistance level at $2.26.
The trading volume has also spiked, reflecting strong buying interest and market support for the current upward trend.
With the SEC case nearing resolution and a bullish crypto market, XRP’s outlook is increasingly optimistic.
Crypto analyst Ali Martinez predicts that a close above this level could send XRP toward $2.6.
If $XRP breaks through the $2.26 resistance, it could trigger a bullish breakout toward $2.60! pic.twitter.com/2bdG315vgi
— Ali (@ali_charts) May 8, 2025
Bitcoin pepe eyes 300% gains as Presale gains momentum
As XRP positions itself for what could be a major Bull Run, Bitcoin Pepe, a new layer 2 solution on the Bitcoin network, is generating hype with its bold vision.
Bitcoin Pepe aims to merge Solana’s speed and low fees with Bitcoin’s unmatched security and permanence.
This fusion could transform meme coin trading and draw huge interest to the Bitcoin ecosystem.
Bitcoin Pepe introduces a new token standard referred to as the PEP-20 token standard, which aims to allow anyone to create assets natively on Bitcoin, sparking potential for a meme coin boom.
Bitcoin Pepe is currently in its presale phase, and it has already raised over $7.7 million, showing strong investor enthusiasm.
Structured in 30 stages, each presale stage increases the token price by 5%, rewarding early buyers.
Those who bought in at $0.021 in the first stage could see over 300% gains by the time of launch, which is anticipated to happen in Q2 2025.
While the price has climbed by 47.61% to the current price of $0.031, investors can still capitalise on the rising presale prices in the remaining presale stages.
Post-presale, Bitcoin Pepe is poised to become the go-to platform for Bitcoin-based meme trading, which could propel the price of the BPEP token even higher.
Also, once the Bitcoin Pepe platform officially launches, it will feature a staking program with staking pools offering token holders passive income of up to 10,000% APY.
With Bitcoin’s breakout and the Fed’s stance fueling altcoin interest, Bitcoin Pepe is poised for big potential gains post-listing, offering a fresh, high-growth opportunity in the evolving crypto landscape.
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Bitcoin’s surge to $104K liquidates nearly $400M in short bets
- Bitcoin surged over 3% in 24 hours, topping $104,000 (highest since Jan 31).
- Nearly $400 million in bearish BTC short positions were liquidated in 24 hours (highest since Nov).
- The significant short squeeze suggests potential for further upside as bearish pressure eases.
Bitcoin experienced a powerful upward surge in the last 24 hours, decisively breaking above key psychological levels and catching many bearish traders off guard, leading to substantial liquidations of short positions.
The rally was underpinned by positive macroeconomic news and continued strong institutional interest in the leading cryptocurrency.
The price of Bitcoin (BTC) climbed over 3% within a 24-hour period, trading around $102,500 and at one point surpassing the $104,000 mark – its highest level since January 31.
This bullish momentum was not confined to Bitcoin; the broader cryptocurrency market also rallied significantly.
The total market capitalization of all cryptocurrencies, excluding Bitcoin, surged by an impressive 10% to reach $1.14 trillion, a peak not seen since March 6, according to data from TradingView.
Two key catalysts appear to have fueled this sharp upswing.
Firstly, President Donald Trump announced a comprehensive trade deal had been reached with the United Kingdom, a development that generally boosts risk appetite in global markets.
Secondly, cumulative inflows into US-listed spot Bitcoin exchange-traded funds (ETFs) reportedly hit a new record high, surpassing $40 billion, signaling sustained and growing institutional demand for direct Bitcoin exposure.
Bearish bets decimated in short squeeze
This rapid and strong price appreciation triggered a significant “short squeeze,” where traders who had bet on Bitcoin’s price falling were forced to close their positions at a loss as the market moved against them.
According to data from Coinglass, nearly $400 million worth of bearish BTC short positions were liquidated over the past 24 hours.
This represents the highest single-day total for short liquidations since at least November.
A position is liquidated, or forcibly closed by an exchange, when adverse price movements cause a leveraged trader’s account balance to fall below the required margin level, preventing further losses.
In contrast, a relatively modest $22 million in bullish long positions were wiped out during the same period.
Implications of the imbalance: more upside ahead?
The substantial imbalance between short and long liquidations provides a telling insight into recent market positioning.
It indicates that leverage was heavily skewed towards the bearish side, meaning many traders were anticipating or positioned for a price decline.
The rapid unwinding of these short positions, as traders were forced to buy Bitcoin to cover their losses, likely exacerbated the upward price movement.
Market analysts often view such a significant liquidation of shorts as a potentially bullish signal for the near term.
It suggests that a considerable amount of selling pressure has been removed from the market, potentially clearing the path for further price gains as the prevailing sentiment shifts and buyers gain more control.
The combination of positive external catalysts and the internal market dynamics of a short squeeze could set the stage for continued upward momentum for Bitcoin and the broader crypto market.
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Standard Chartered strategist walks back $120K BTC call, admits target might be ‘too low’
- Geoffrey Kendrick pointed to several factors driving the bullish momentum.
- As of Thursday, Bitcoin was trading just shy of the $100,000 mark.
- Software company MicroStrategy has ramped up its Bitcoin purchases.
Bitcoin’s relentless rally is prompting some analysts to revise their boldest predictions.
Standard Chartered’s Geoffrey Kendrick, a well-known Bitcoin bull, has now admitted that his earlier forecast of $120,000 for the world’s largest cryptocurrency might be too conservative.
In an email shared with clients on Thursday, Kendrick said, “I apologise that my USD120k Q2 target may be too low,” acknowledging the accelerating momentum in Bitcoin’s price.
As of Thursday, Bitcoin was trading just shy of the $100,000 mark—up over 3% to $99,293, after briefly touching $99,897.
Kendrick, who heads digital asset research at Standard Chartered, originally predicted last month that Bitcoin would reach a record high of $120,000 in the second quarter of 2025.
His thesis was built on two major trends: a strategic shift of capital away from US assets and increasing accumulation of bitcoin by institutional “whales”—major holders with large buying power.
Now, he believes those estimates may underestimate Bitcoin’s real potential.
“The dominant story for Bitcoin has changed again,” Kendrick noted. “It is now all about flows. And flows are coming in many forms.”
Kendrick pointed to several factors driving the bullish momentum, including surging institutional investment via US spot Bitcoin ETFs.
Over the past three weeks alone, Bitcoin ETFs have seen $5.3 billion in inflows, according to his analysis.
This suggests that mainstream financial players are steadily increasing their exposure to digital assets.
He also highlighted big-ticket moves by institutional investors.
Software company MicroStrategy has ramped up its Bitcoin purchases, effectively acting as a proxy stock for Bitcoin exposure.
Meanwhile, the Abu Dhabi sovereign wealth fund has taken a position in BlackRock’s IBIT bitcoin ETF, and even the Swiss National Bank has reportedly invested in MicroStrategy shares.
With Bitcoin price predictions now being revised upward and institutional capital flowing in at record levels, Kendrick’s new outlook signals a potentially explosive summer for crypto markets.
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SUI price breakout? Technical pattern signals move toward $4.25
- SUI price gains as token continues upside with monthly gains of over 85%
- The altcoin is rising as the overall crypto market bounces amid gains for Bitcoin.
- Crypto analyst Captain Faibik shared a SUI price prediction suggesting a surge to $4.25.
Sui price is up 12% in the past week, with the altcoin rising as Bitcoin spikes to near $100k.
With equities also on the up after US President Donald Trump announced a trade deal with the United Kingdom, BTC looks poised for further gains.
A leg up for the altcoin market amid this scenario could tie into Sui’s latest pump.
One crypto analyst forecasts Sui price could rally to above $4 with a key technical pattern breakout.
Gains see Sui ecosystem tokens rise
The Sui ecosystem tokens have seen their total market capitalization jump by more than 6% in the past 24 hours to above $29 billion.
While most of this is in the SUI network’s native token at $12 billion, a lot of the top ecosystem tokens are registering notable gains.
Bonk (BONK), Walrus (WAL), and DeepBook Protocol (DEEP) prices have increased 10%, 9%, and 12%, respectively, in the last 24 hours.
The three tokens’ market cap values stood at over $1.4 billion, $800 million, and $596 million, respectively.
Is Sui price set for a rally above $4?
The gains for Sui and the ecosystem tokens mirror broader market performance this week, with bulls looking to take control amid macroeconomic and regulatory catalysts.
In this respect, crypto analyst Captain Faibik has shared a bullish price prediction for SUI.
According to the analyst, who shared the outlook via X, the layer blockchain network’s native token could spike to $4.25.
He based his forecast on the technical chart for Sui, which shows a breakout from a channel pattern.
The analyst’s 4-hour chart shows the SUI/USD pair breaking above the upper trendline.
$SUI is getting Ready for another Bullish Impulse..🔥📈
Next Stop : 4.25#Crypto #SUI #SuiNetwork #SUIUSDT pic.twitter.com/6W8LFEEKgG
— Captain Faibik 🐺 (@CryptoFaibik) May 8, 2025
Currently, SUI price hovers near at $3.79, up nearly 12%, and with a 24-hour volume of $2.18 billion.
The altcoin changed hands at $3.24 during the Asian session on Thursday, and a surge to above $4 will see buyers flip focus to the all-time high of $5.35 reached on January 6, 2025.
From the current level, this will be a 29% increase.
Notably, SUI is up more than 85% in the past month, having jumped from lows of $2.03 on April 16, 2025.
While the broader risk asset market may yet hit macroeconomic headwinds, the current outlook suggests bulls may have an upper hand.
Sui’s traction as the blockchain network for digital asset ownership helps this outlook.
Headwinds will, however, stall upside momentum, likely exacerbated by profit-taking deals.
