After surging to $106,000 following the US-China trade truce, Bitcoin is once again under pressure. The flagship cryptocurrency failed to break through a key resistance level and dropped back $102,500, losing over 2% in 24 hours, according to CryptoPotato.
The Ethereum Foundation has launched a groundbreaking Trillion Dollar Security Initiative program aimed at improving network security. Paradigm experts consider this step to be a key one for the platform's development and popularization.
Stablecoins are set to go beyond just being a trader’s tool. According to Ripple and Kraken executives at Consensus 2025, they’re on track to become a critical part of the global financial system thanks to their fast transactions, low costs, and lack of bureaucratic hurdles.
As of May 14, Ethereum's market capitalization reached $306.68 billion, surpassing Alibaba's $303.72 billion, according to CoinMarketCap. This increase was due to a significant inflow of investment and network improvements as part of the Pectra upgrade.
Amid Ethereum's recent price decline, major investors bought over 130,000 ETH in May. According to CoinMarketCap, these large-scale purchases highlight continued market confidence in the cryptocurrency’s potential, despite its recent volatility.
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