Welcome to the US Cryptocurrency Morning Briefing. We will briefly summarize today's key cryptocurrency developments.
Let's analyze the BTC price forecast from Standard Chartered while enjoying coffee. According to the bank, Bitcoin's price could reach $500,000 as global institutions accumulate MSTR stocks to indirectly expose themselves to Bitcoin.
Today's Cryptocurrency News... Standard Chartered Bitcoin Prediction
Bitcoin is trading at $105,178, rising 2.27% in the last 24 hours. In recent developments, the pioneering cryptocurrency's market capitalization reached an all-time high of $2.09 trillion.
To some extent, this is supported by macroeconomic factors such as the People's Bank of China (PBOC) rate cuts and Moody's US credit rating downgrade.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]Today's Chart
This chart measures the total government holdings of Bitcoin ETF and MicroStrategy's MSTR stock in '000 (thousand) BTC equivalent from Q4 2023 to Q1 2025. According to the chart, holdings have steadily increased, peaking at approximately 18,000 BTC in Q1 2025.
The chart includes major contributors such as Abu Dhabi (ETF), Norway, Sweden, South Korea, France, New York, Wisconsin (ETF), Michigan (ETF), Switzerland, Liechtenstein, California, North Carolina, Saudi Arabia, and Kentucky, showing varied contributions quarterly.
Today's Key News
Summary of today's notable US cryptocurrency news:
- Bitcoin is benefiting from macroeconomic changes. China's rate cuts and US credit downgrade are increasing its attractiveness as a hedge against instability.
- Bitcoin price surpasses $105,000. This has attracted institutional interest, with ETF inflows exceeding $667 million.
- Analysts warn XRP futures could lead to price manipulation. They are using strategies like naked short selling and re-hypothecation.
- TRON overtakes Ethereum in total USDT supply. $75.8 billion is in circulation, becoming the leader in stablecoin payments.
- SEC is seeking public opinion before deciding on Solana ETF. This emphasizes a cautious regulatory approach.
- ETH/BTC pair rises 34% in a week. This raised hopes for an altcoin season, though currently only 18% of top 50 coins are outperforming Bitcoin.
- Blockchain analysis exposes bots manipulating Pump.fun token market. They flood trades to create fake momentum.
- Abracas Capital's aggressive Ethereum accumulation indicates increased institutional confidence. $837 million invested in ETH.
- Binance Alpha will list Tokyo Game Token (TGT) on May 21. It will be the first platform to offer TGT trading.
- Pi Network experiences 40% decline. Current price is $0.73, with a negative correlation to Bitcoin.
Cryptocurrency Stock Pre-Market Overview
| Company | May 19th Closing Price | Pre-Market Overview |
| MicroStrategy (MSTR) | $413.42 | $412.95 (-0.11%) |
| Coinbase Global (COIN) | $263.99 | $267.22 (+1.22%) |
| Galaxy Digital Holdings (GLXY.TO) | $31.49 | $32.44 (+3.01%) |
| Marathon Holdings (MARA) | $16.32 | $16.37 (+0.31%) |
| Riot Platform (RIOT) | $8.97 | $9.02 (+0.56%) |
| Core Scientific (CORZ) | $10.85 | $11.06 (+1.94%) |
