After the post-CPI rally, $BTC has been trading in a range-bound and is currently at $66,279. Last Friday, we observed another positive inflow in ETF data, with $GBTC recording net inflows.
This week’s highlights include NVIDIA earnings on May 22nd, the spot ETH ETF decision on May 23rd, and several Fedspeak events.
The decision dates for the VanEck ETH ETF and Ark/21Shares ETF are May 23 and May 24, respectively. The Polymarket is pricing a 14% chance of approval, and ETH/BTC remains at a low of 0.046. For a detailed analysis, please refer to the full commentary written by our desk.
With $PYTH unlocking nearly 145% of its circulating supply today, the top three losers were $PYTH, $TRUMP, and $STRK, while the top three gainers were $ABT, $AR, and $BCH.