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Bitcoin is stuck between $57.5K and $62K, mainly due to low retail investor demand. Short-term holders are sitting on a resistance level around $64K-$66K, making it hard for Bitcoin to break out. Demand for Bitcoin has dropped significantly since April, with whales and ETFs buying less.
Trump’s odds on Polymarket jumped to 53%, while Kamala Harris is trailing at 46% after a brief surge following Biden’s exit. Trump’s long-standing support for crypto is paying off with strong backing from the crypto community and big donations to his campaign. Kamala Harris isn’t saying much about crypto, and that’s hurting her chances with voters in that space.
Since its debut, Tron-based meme coin deployer SunPump has generated over $1.14 million in revenue.
Spot Bitcoin ETFs have maintained positive flows over the past week. They attracted $39.42 million in net inflows on Wednesday.
Share link:In this post: It took 16 weeks for Anthropic Claude AI mobile app to make $1 million in revenue. The app has failed to make a big impression among users on iOS and Android. AI companies have been burning through cash, but one economist believes the returns are coming.
- 15:18Publicly Listed Medical Company SRx Health Solutions Acquires $1.5 Million Worth of SOL, Plans to Establish Crypto Lending SubsidiaryPANews reported on May 9 that, according to Globenewswire, healthcare service provider SRx Health Solutions, Inc. (NYSE American: SRXH) announced a $1.5 million purchase of Solana tokens (SOL) to advance its asset diversification strategy. The company had previously planned to allocate no more than 10% of its cash flow and cash reserves to cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and physical gold and silver. Chairman Adesh Vora stated that in addition to existing funds, the company will continue to increase its allocation of crypto assets through asset sales, partnerships, and financing, and explore the introduction of a crypto rewards program in its pharmacy business. Additionally, the company plans to establish a cryptocurrency lending subsidiary, intending to use its Halo brand assets and future earnings as collateral to accept financing in cryptocurrencies like Solana and Bitcoin. This move aims to avoid equity dilution while obtaining operating funds, which will be used for Halo brand marketing. The plan is currently in the conceptual stage, and the company will further discuss implementation details with the crypto community.
- 15:02Greeks.Live: Traders Expect Bitcoin to Reach New Highs, Eyeing Resistance Levels at $106,000 to $108,000On May 9th, Greeks.Live analyst Adam posted on social media stating, "The community generally holds a bullish attitude towards Bitcoin, with traders expecting to create a new all-time high. Most traders are focusing on the resistance level between $106,000 and $108,000, with a consensus that breaking the previous all-time high of $108,000 will provide significant further upside potential."
- 15:02ETH Falls Below $2300Market data shows that ETH has fallen below $2300, currently reported at $2297.34, with a 24-hour increase of 15.63%. The market is highly volatile, so please ensure proper risk management.