Bitcoin and other altcoins rallied last week as trade risks eased following President Donald Trump’s praise of the talks between the U.S. and China. Bitcoin (BTC) cruised above $104,000 and is near the all-time high. Similarly, Ethereum (ETH) ended its…

Top 3 catalysts for Bitcoin, altcoin prices this week

Corporations and businesses are the largest net buyers of Bitcoin so far this 
year, outpacing exchange-traded funds and retail investors, according to new 
research.
Firms such as Michael Saylor&#8217;s Strategy have bought more Bitcoin (BTC) this 
year than any other category of investor, with overall corporate holdings 
growth totalling 157,000 BTC, worth around $16 billion at current prices, 
according to Bitcoin investment firm River.
Strategy makes up 77% of the group&#8217;s growth, the firm reported on X on May 12, 
before adding that it&#8217;s not just big companies.
&#8220;We&#8217;re seeing businesses across all industries sign up to River. They&#8217;re 
aligned with Bitcoin and how it can change their future,&#8221; the firm noted. 
The next largest category after corporations was ETFs, which have grown their 
net Bitcoin by 49,000 BTC, or $5 billion worth, reported River. Following that 
were governments with around 19,000 BTC in growth, and retail traders or 
individuals had seen a decline of 247,000 in Bitcoin holdings this year, it 
reported.
_Change in BTC ownership in 2025. Source:__River_
Overall, there has been a 154% growth in business ownership since 2024, the 
firm stated, breaking things down by business category for its own clients.
It revealed that finance and investment firms are the largest buyers of the 
asset, with 35.7% of the total, followed by tech firms on 16.8%, professional 
and consulting companies accounted for 16.5%, and the remainder were real 
estate, non-profits, consumer and industrial, healthcare, and energy, 
agriculture, and transportation firms.
_**Related:**__**Coinbase considered Saylor-like Bitcoin strategy before 
opting out: Bloomberg**_
There have been several large corporate purchases recently, with Strategy 
scooping up a whopping 13,390 Bitcoin for $1.34 billion and Metaplanet adding 
a further 1,241 BTC to its treasury, which surpassed that of El Salvador on 
May 12.
Newcomers to the Bitcoin market in 2025 include video streaming platform 
Rumble, which made its first purchase in March, Hong Kong construction firm 
Ming Shing, and Hong Kong investment firm HK Asia Holdings Limited.
At least twelve public companies bought Bitcoin for the first time in Q1 2025, 
reported Bitwise in April. The firm added that the amount of Bitcoin held on 
the books of publicly traded companies rose by 16% for the period, with more 
than 95,000 Bitcoin added to corporate portfolios for the period.
## Is Bitcoin becoming deflationary?
These big corporate purchases of the asset will put pressure on the supply and 
demand since supply is finite, and miners can only produce 450 coins per day, 
say analysts.
CryptoQuant CEO and market analyst Ki Young Ju said Strategy is accumulating 
Bitcoin at a faster rate than total miner output, giving the asset a -2.3% 
annual deflation rate.
Meanwhile, author Adam Livingston recently said that Strategy is synthetically 
halving Bitcoin by outpacing miner supply through high demand.
_**Magazine:**__**Bitcoin eyes &#8216;crazy numbers,&#8217; JD Vance set for Bitcoin talk: 
Hodler&#8217;s Digest**_

Hodl my beer: Businesses are the biggest Bitcoin buyers this year

Ethereum (ETH) has surged over 40% in the past two weeks, trading in the 
mid-$2,000 range at the time of writing. Notably, several key indicators 
suggest that the ongoing ETH rally is being driven more by spot market demand 
than leveraged trading &#8211; an encouraging sign of a potentially sustainable bull 
run. Ethereum Rally Driven By Spot Demand After lagging behind other major 
cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP for much of the 
past year, ETH is now showing signs of an organic uptrend. According to 
CryptoQuant analyst ShayanMarkets, the current momentum appears to be 
primarily spot-driven, rather than fueled by speculative futures trading. 
Related Reading: Ethereum Stuck Between Retail Sell-Off And Whale 
Accumulation, Analyst Explains In a recent CryptoQuant Quicktake post, 
ShayanMarkets highlighted that ETH funding rates have remained ‘relatively 
flat’ despite the price surge. This is significant because funding rates are 
typically a reflection of sentiment in the perpetual futures market. To 
explain, funding rates are periodic payments exchanged between traders in 
perpetual futures contracts to keep the contract price aligned with the spot 
price of the asset. Positive funding rates indicate that long positions are 
paying shorts, typically signaling bullish market sentiment, while negative 
rates suggest bearish sentiment. In Ethereum’s case, flat funding rates during 
this recent rally indicate that the upward price action is being powered by 
genuine buying in the spot market, not speculative leverage. This makes the 
uptrend less prone to sudden reversals triggered by mass liquidations. As 
ShayanMarkets noted: Still, for the bullish momentum to be sustained and 
validated, funding rates should begin to rise, reflecting increased confidence 
and more aggressive positioning by futures traders. Meanwhile, other analysts 
predict further upside for ETH. For instance, noted crypto analyst Ali 
Martinez recently remarked that if ETH can decisively break through the $2,380 
resistance level, then it could enter a new bull rally. In his latest X post, 
Martinez emphasized that ETH’s new critical support range lies between $2,060 
and $2,420. The analyst noted that close to 10 million wallets hold more than 
69 million ETH between these levels. New ETH ATH On The Horizon? Although 
Ethereum remains well below its all-time high (ATH) of $4,878 reached in 
November 2021, many market watchers believe a new ATH for the second-largest 
cryptocurrency by market cap could be on the horizon. Related Reading: 
Ethereum ‘Insanely Undervalued’ As Accumulation Addresses Keep Stacking – Is A 
Rally Imminent? In the same vein, crypto analyst Titan of Crypto recently 
noted that ETH is following a V-shape recovery. The analyst shared the 
following weekly chart that compares BTC and ETH price action, predicting that 
ETH is likely to follow BTC’s trajectory. Meanwhile, analyst Ted Pillows 
outlined five bullish factors that could push ETH to $12,000 in 2025 &#8211; 
including favorable regulatory developments and strong inflows into spot 
exchange-traded funds (ETF). At press time, ETH trades at $2,555, up 3% in the 
past 24 hours. Featured image created with Unsplash, charts from CryptoQuant, 
X, and TradingView.com

Ethereum Gains Momentum Amid Flat Funding Rates – Is This A Healthy Uptrend?

Hayden Adams, the creator of the decentralized finance platform Uniswap, 
announced on social media that Uniswap has become the first decentralized 
exchange (DEX) to reach $3 trillion in trading volume. In his post, Adams 
expressed confidence that Uniswap will also be the first DEX to achieve $10 
trillion in volume. He expressed gratitude to the […]

Uniswap Reaches $3 Trillion in Trading Volume, Creator Looks Ahead to $10 Trillion

Ethereum price extended its increase above the $2,500 zone. ETH is now 
correcting gains and might revisit the $2,350 support zone. Ethereum started a 
downside correction from the $2,600 resistance. The price is trading above 
$2,400 and the 100-hourly Simple Moving Average. There was a break below a 
connecting bullish trend line with support at $2,500 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could find bids near $2,350 and start 
a fresh increase in the near term. Ethereum Price Aims Fresh Increase Ethereum 
price remained supported and started a fresh increase above $2,350, beating 
Bitcoin. ETH gained pace for a move above the $2,400 resistance zone. The 
bulls were able to push the price above the $2,550 resistance zone. The price 
gained over 35% and recently tested the $2,600 resistance zone. A high was 
formed at $2,624 and the price is now correcting gains. There was a minor 
decline below the 50% Fib retracement level of the upward move from the $2,272 
swing low to the $2,624 high. There was a break below a connecting bullish 
trend line with support at $2,500 on the hourly chart of ETH/USD. However, the 
bulls are still active above $2,400. Ethereum price is now trading above 
$2,400 and the 100-hourly Simple Moving Average. On the upside, the price 
seems to be facing hurdles near the $2,500 level. The next key resistance is 
near the $2,550 level. The first major resistance is near the $2,620 level. A 
clear move above the $2,620 resistance might send the price toward the $2,650 
resistance. An upside break above the $2,650 resistance might call for more 
gains in the coming sessions. In the stated case, Ether could rise toward the 
$2,720 resistance zone or even $2,780 in the near term. More Losses In ETH? If 
Ethereum fails to clear the $2,500 resistance, it could start a fresh downside 
correction. Initial support on the downside is near the $2,400 level. The 
first major support sits near the $2,350 zone and the 76.4% Fib retracement 
level of the upward move from the $2,272 swing low to the $2,624 high. A clear 
move below the $2,350 support might push the price toward the $2,275 support. 
Any more losses might send the price toward the $2,220 support level in the 
near term. The next key support sits at $2,200. Technical Indicators Hourly 
MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI 
&#8211; The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,350 
Major Resistance Level – $2,500

Ethereum Price Dips: Healthy Cooldown or Warning Sign of Bigger Trouble?

Bitcoin price started a fresh surge above the $102,500 zone. BTC is now 
correcting gains and trading below the $103,500 resistance zone. Bitcoin 
started a strong increase above the $102,500 resistance zone. The price is 
trading below $104,000 and the 100 hourly Simple moving average. There was a 
break below a new connecting bullish trend line with support at $103,900 on 
the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could 
start another increase if it clears the $103,500 zone. Bitcoin Price Corrects 
Some Gains Bitcoin price started a fresh increase from the $98,500 support 
zone. BTC formed a base and was able to clear the $100,000 resistance zone. 
The bulls even pushed the price above $103,000. The pair spiked above $105,500 
and tested $105,800. A high is formed at $105,728 and the price is now 
correcting gains. There was a move below the 23.6% Fib retracement level of 
the upward move from the $95,825 swing low to the $105,728 high. There was 
break below a new connecting bullish trend line with support at $103,900 on 
the hourly chart of the BTC/USD pair. Bitcoin is now trading below $104,500 
and the 100 hourly Simple moving average. However, the bulls are now active 
near the $100,800 support and protecting the 50% Fib retracement level of the 
upward move from the $95,825 swing low to the $105,728 high. On the upside, 
immediate resistance is near the $103,500 level. The first key resistance is 
near the $104,000 level. The next key resistance could be $105,000. A close 
above the $105,000 resistance might send the price further higher. In the 
stated case, the price could rise and test the $106,000 resistance level. Any 
more gains might send the price toward the $108,000 level. More Losses In BTC? 
If Bitcoin fails to rise above the $103,500 resistance zone, it could start 
another downside correction. Immediate support on the downside is near the 
$101,500 level. The first major support is near the $100,800 level. The next 
support is now near the $100,000 zone. Any more losses might send the price 
toward the $98,800 support in the near term. The main support sits at $97,500. 
Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish 
zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below 
the 50 level. Major Support Levels – $101,500, followed by $100,800. Major 
Resistance Levels – $103,500 and $105,000.