Bitcoin trades near $80.9K as analysts watch $79K support, $88K resistance, 
and aSOPR profit-taking signals.

Bitcoin stays bullish above 21-MA as altcoins flash danger signs

XRP trades near $1.42 as analysts debate a $0.93 macro bottom thesis and a 
fresh TD Sequential buy signal.

XRP’s next bottom? Analysts watch $0.93 and $1.45

Intel&#8217;s deal with Apple highlights the strategic shift towards diversified 
chip supply chains, boosting US semiconductor manufacturing resilience.
The post Intel signs deal with Apple, shares double to all-time high appeared 
first on Crypto Briefing.

Intel signs deal with Apple, shares double to all-time high

Digital Asset Holdings&#8217; valuation surge signals resilience in enterprise 
blockchain, highlighting investor confidence amid a cooling crypto market.
The post Digital Asset Holdings raises funds at $2B valuation, backed by a16z 
crypto appeared first on Crypto Briefing.

Digital Asset Holdings raises funds at $2B valuation, backed by a16z crypto

According to the latest on-chain data, the Ethereum-native iteration of USDT, 
the world&#8217;s largest stablecoin, has just witnessed its largest exchange 
outflow in recent months. 1.29 Billion USDT Flow Out Of Crypto Exchanges In a 
May 9th post on the X platform, blockchain analytics firm Santiment revealed 
that USDT on the Ethereum network recently recorded its largest flow out of 
exchanges in months. Around 1.29 billion stablecoins (the highest since 
February) were transferred out of exchanges on Friday, May 8th. This on-chain 
observation is based on the change in the Exchange Flow Balance indicator, 
which measures the net amount of tokens moving into and out of centralized 
exchange addresses. Related Reading: This 1 Chart Explains Why Bitcoin Is 
Winning And Ethereum Is Losing Right Now A spike in the Exchange Flow Balance 
metric indicates that more tokens (USDT, in this case) are flowing to 
centralized exchanges. On the other hand, when the indicator declines, it 
suggests that investors are withdrawing assets from these trading platforms. 
Santiment explained the significance of investors moving their USDT away from 
exchanges, noting that this would ordinarily mean they are withdrawing their 
buying power from trading platforms where they can use it for instant 
cryptocurrency purchases. On the surface, this reduction of buying power (or 
capital) on exchanges is a bearish signal for crypto markets. However, the 
analytics firm believes that the significant USDT outflows (of this reported 
magnitude) suggest that institutional investors are moving capital to self- 
custody wallets, DeFi protocols, or OTC (over-the-counter) desks ahead of 
larger planned transactions. Therefore, capital is believed to be flowing out 
of the ecosystem, not entirely, but being repositioned for even larger 
purposes. Santiment also highlighted the pattern often surrounding exchange 
outflow spikes of this magnitude. For instance, as observed in the chart 
below, the Bitcoin price witnessed a mini-pullback over the subsequent two 
weeks following the 3.72 billion USDT outflow on February 9. What&#8217;s more 
interesting is that this pullback birthed the buying opportunity that has seen 
the Bitcoin price jump by more than 30% in the past few months. Santiment 
concluded in the social media post: Whether this current capital re-enters 
exchanges as buying pressure in the near term is the key variable to monitor. 
If USDT begins flowing back onto exchanges in the coming days, it would signal 
that deployment into crypto assets is imminent. Crypto Market Capitalization 
As of this writing, the total cryptocurrency market capitalization stands at 
around $2.66 trillion, up nearly 4% over the past week. Related Reading: 
14,600 Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure 
Broke It Below $80K Featured image from iStock, chart from TradingView

USDT On Ethereum Sees Largest Exchange Outflow Since February — Details

South Korean crypto holdings fell to $41B as investors shifted to stocks, 
while tax and AML rules added fresh pressure.

Cryptocurrency price in SEK

Market Overview