Orange Surf, in charge of research and strategy at Mempool Research, has determined that over half of all bitcoin transactions made during the last 12 months included some data-related component. 51% of all the transactions involved Runes and BRC20 tokens, which are considered &#8220;spam&#8221; by some. Spam- Filled Bitcoin: Over Half of All Transactions Included Runes […]

A Bitcoin ‘Spam’ Takeover! Data Storage Surpassed ‘Money’ Use Case Over the Last Year

The broader cryptocurrency market has been on an upward trajectory over the 
past few weeks, partly driven by improving global macroeconomic conditions. 
Recent policy shifts between the United States and China, two of the world’s 
largest economies, have helped fuel investor sentiment. Both countries have 
agreed to temporarily reduce tariffs: the US cut rates from 145% to 30%, while 
China lowered its own from 125% to 10%, each over 90 days. These decisions 
have been interpreted by some as a step toward easing global trade tensions, 
supporting risk-on assets such as Bitcoin. In response to the broader bullish 
environment, Bitcoin has seen a steady rise, currently trading at $106,574, up 
1.7% in the last 24 hours. The price earlier reached a 24-hour high of 
$107,844 before retreating slightly. Despite the pullback, Bitcoin remains 
just 2% below its all-time high of $109,000, recorded in January 2025. The 
consistent climb has led analysts and traders to monitor on-chain metrics more 
closely to gauge market behavior and possible future movements. Related 
Reading: Binance Bitcoin Outflows and MVRV Ratio Point to Sustained Bullish 
Setup, Analyst Reveals Realized Capitalization Surges as Accumulation Phase 
Strengthens A recent analysis from CryptoQuant contributor Carmelo Alemán has 
brought attention to Bitcoin’s realized capitalization, a metric that measures 
the total value of Bitcoin based on the price at which each coin last moved 
on-chain. According to Alemán, the realized cap jumped by more than $3 billion 
in a single day, marking a 0.33% increase in the total capital invested in 
Bitcoin. This significant uptick signals renewed capital inflows, and more 
importantly, it points to a recurring pattern of accumulation and 
consolidation. Alemán identified a repeating cycle beginning in April, where 
Bitcoin has shown sharp price increases followed by sideways movements lasting 
8 to 10 days. These lateral phases, supported by rising realized cap, form a 
staircase-like chart structure with each step building upon the previous one. 
From an on-chain perspective, the steady climb in realized cap suggests buyers 
are entering the market at higher levels, lifting the network’s aggregate cost 
basis and demonstrating long-term confidence in the asset. On-Chain Trends 
Suggest Investors Are Positioning for Continuation Alemán also highlighted 
that the behavior of realized capitalization in the current market mirrors 
patterns seen in previous bull cycles. Historically, spikes in this metric 
during consolidation phases have preceded large-scale price movements. The 
current rise indicates that capital entering the market is doing so with a 
long-term view, rather than speculative short-term intent. This positions the 
market for a potential continuation, especially as accumulation appears to 
intensify around the psychological $106,000–$109,000 range. Related Reading: 
$3.8 Billion In Capital Inflows Behind Ethereum’s Post-Pectra Surge, Data 
Shows The analyst concluded that tracking realized cap in the days ahead will 
be essential to confirm whether the current phase evolves into another upward 
price impulse. If the trend persists, it could support another leg higher, 
reinforcing the view that Bitcoin remains in a broader accumulation structure. 
Featured image created with DALL-E, Chart from TradingView

Bitcoin Sees $3 Billion Daily Growth in Realized Cap Amid Ongoing Accumulation

Safemoon’s explosive rise was fueled by a massive fraud scheme, as its CEO was 
convicted for looting investor funds, lying about locked liquidity, and 
laundering millions. Safemoon CEO Faces 45 Years as Liquidity Pool Lies Lead 
to Federal Conviction The U.S. Department of Justice (DOJ) announced on May 21 
that Braden John Karony, chief executive […]

Safemoon CEO Found Guilty in Major Crypto Fraud, Could Serve 45 Years

Ethereum price found support at $2,440 and started a fresh increase. ETH is 
now rising and might aim for a move above the $2,650 resistance zone. Ethereum 
started a decent increase above the $2,500 and $2,520 levels. The price is 
trading above $2,540 and the 100-hourly Simple Moving Average. There is a 
connecting bullish trend line forming with support at $2,500 on the hourly 
chart of ETH/USD (data feed via Kraken). The pair could gain strength if it 
clears the $2,620 resistance in the near term. Ethereum Price Could Gain 
Strength Ethereum price remained in a range above $2,350 while Bitcoin traded 
to a new all-time high. ETH bulls were active near the $2,440 zone. A low was 
formed at $2,442 and the price started a fresh increase. There was a move 
above the $2,500 and $2,520 levels. The price surpassed the 50% Fib 
retracement level of the downward wave from the $2,615 swing high to the 
$2,442 low. Besides, there is a connecting bullish trend line forming with 
support at $2,500 on the hourly chart of ETH/USD. Ethereum price is now 
trading above $2,520 and the 100-hourly Simple Moving Average. It is also 
above the 76.4% Fib retracement level of the downward wave from the $2,615 
swing high to the $2,442 low. On the upside, the price could face resistance 
near the $2,620 level. The next key resistance is near the $2,650 level. The 
first major resistance is near the $2,720 level. A clear move above the $2,720 
resistance might send the price toward the $2,840 resistance. An upside break 
above the $2,840 resistance might call for more gains in the coming sessions. 
In the stated case, Ether could rise toward the $2,920 resistance zone or even 
$3,000 in the near term. Another Drop In ETH? If Ethereum fails to clear the 
$2,620 resistance, it could start a fresh decline. Initial support on the 
downside is near the $2,525 level. The first major support sits near the 
$2,500 zone and the trend line. A clear move below the $2,500 support might 
push the price toward the $2,440 support. Any more losses might send the price 
toward the $2,420 support level in the near term. The next key support sits at 
$2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above 
the 50 zone. Major Support Level – $2,500 Major Resistance Level – $2,620

Ethereum Price Could Surge to $3K Soon — Riding The Wave of Bitcoin’s Strength

Bitcoin has topped $110,000 for the first time in a recent rally that has seen 
it gain 3% over the past day to break through past price highs from earlier 
this year.
Bitcoin (BTC) hit a new all-time high of $110,788.98 on Coinbase late on May 
21, just before 11:30 pm UTC, according to TradingView.
Bitcoin has gained around 3% over the last 24 hours, surpassing its all-time 
high of $109,458 that it hit earlier in the day, which was the first time it 
traded above its previously long-held Jan. 20 peak.
The world&#8217;s largest cryptocurrency has now gained 17.5% so far this year and 
is up 47% since its slump to $75,000 on April 7, triggered by US President 
Donald Trump enacting sweeping tariffs that tanked global markets.
Bitcoin&#8217;s new peak comes as US stock markets were rattled by a weak 20-year 
bond auction, which sent treasury yields soaring on May 21. The S&amp;P 500 fell 
80 points in half an hour while the Nasdaq and Dow Jones mirrored the move, 
with all US indexes trading down on the day.
_Bitcoin &#8216;s weekly chart shows it has climbed out of a slump earlier this 
year. Source: __TradingView_
Caroline Bowler, CEO of the Australian crypto exchange BTC Markets, said in a 
note to Cointelegraph that Bitcoin&#8217;s new high &#8220;reflects a mature interest in 
digital assets worldwide, not the speculative surge seen in past cycles.&#8221;
&#8220;Today&#8217;s demand is driven by institutional-grade infrastructure and stronger 
regulatory clarity. Investor sentiment has shifted decisively, reflecting 
institutional-style allocations,&#8221; she added.
According to Google Trends, searches for Bitcoin have been trending down since 
November and are at lows typical of crypto bear markets, indicating a low 
retail interest in the cryptocurrency.
Meanwhile, the Crypto Fear &amp; Greed Index, which tracks market sentiment, was 
at a score of 72 out of 100 on May 22, indicating &#8220;greed.&#8221; The index is down 
from its 2025 high of 84 on Jan. 22, which came two days after Trump&#8217;s 
inauguration.
_**Related:**__**How high can Bitcoin price go?**_
Edward Carroll, head of global markets and corporate finance at MHC Digital 
Group, told Cointelegraph in a note that growing demand driving the price 
higher in the medium-term could push Bitcoin to at least $160,000 by the 
fourth quarter of this year and $1 million by 2030.
## Trader&#8217;s leveraged Bitcoin bet tops $1.1B
Meanwhile, leverage trader James Wynn&#8217;s Bitcoin long position on the crypto 
platform Hyperliquidity has become the largest onchain margin trade when it 
exceeded $1.1 billion amid Bitcoin&#8217;s price peak.
The entry point for the 40x leveraged position was $108,065 and it has an 
unrealized profit of $20 million. It will be liquidated if Bitcoin&#8217;s price 
falls to $103,800.
_**Magazine:**__**Arthur Hayes $1M Bitcoin tip, altcoins &#8216;powerful rally&#8217; 
looms: Hodler&#8217;s Digest**_

Bitcoin continues rally to surpass $110K for the first time

Bitcoin price started a fresh increase and traded to a new all-time high above 
the $109,000 zone. BTC is now consolidating and might aim for an increase 
toward $112,000 Bitcoin started a fresh upward move from the $106,000 zone. 
The price is trading above $107,000 and the 100 hourly Simple moving average. 
There is a key bullish trend line forming with support at $107,800 on the 
hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain 
bullish momentum if it clears the $110,850 resistance. Bitcoin Price Sets New 
ATH Bitcoin price started a fresh increase from the $104,200 support zone. BTC 
formed a base and was able to clear the $106,000 resistance zone. The bulls 
pushed the price above $107,500. The bulls even pumped the price above the 
$109,000 resistance zone. The price traded to a new all-time high near 
$110,698 and is currently consolidating gains above the 23.6% Fib retracement 
level of the upward move from the $104,270 swing low to the $110,698 high. 
Bitcoin is now trading above $108,000 and the 100 hourly Simple moving 
average. There is also a key bullish trend line forming with support at 
$107,800 on the hourly chart of the BTC/USD pair. On the upside, immediate 
resistance is near the $110,850 level. The first key resistance is near the 
$112,000 level. The next key resistance could be $112,500. A close above the 
$112,500 resistance might send the price further higher. In the stated case, 
the price could rise and test the $113,800 resistance level. Any more gains 
might send the price toward the $115,000 level. Are Dips Limited In BTC? If 
Bitcoin fails to rise above the $112,000 resistance zone, it could start 
another correction. Immediate support on the downside is near the $109,000 
level. The first major support is near the $107,500 level, the trend line, and 
the 50% Fib retracement level of the upward move from the $104,270 swing low 
to the $110,698 high. The next support is now near the $106,500 zone. Any more 
losses might send the price toward the $105,000 support in the near term. The 
main support sits at $104,200, below which BTC might gain bearish momentum. 
Technical indicators: Hourly MACD – The MACD is now gaining pace in the 
bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is 
now above the 50 level. Major Support Levels – $109,000, followed by $107,500. 
Major Resistance Levels – $110,850 and $112,000.