Key takeaways:
XRP forms a double top and rising wedge, signaling short-term downside risk toward $1.94.
Current ecosystem data shows a dramatic rise in Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B smart wallet activity. This trend comes after the long-awaited Pectra upgrade went live on May 7.
Bitcoin has continued to maintain bullish momentum despite seeing a small correction after initially hitting $105,000. Its long stay above $100,000 has fueled the narrative that this rally is here to stay and higher prices are on the way. Presently, the price seems to be consolidating before moving upward, a region that crypto analyst Gert van Lagen has referred to as Trend Continuation.
OpenAI just introduced HealthBench, an evaluation system that analyzes AI’s capabilities as far as assisting and informing users in the health department.
HealthBench is essentially an innovative benchmark, or assessment rubric, developed based on 5,000 realistic health-related conversations created with the help of over 262 veteran physicians in 60 countries.
On-chain data shows the Ethereum Exchange Netflow has remained negative during the past week, a sign that could be bullish for ETH.
While speaking at an event by Stand By Crypto, crypto-friendly Republican Senator Cynthia Lummis stated that she expects the GENIUS Act for US-based stablecoins to be passed on Memorial Day, May 26. It’s a “fair target” to have, said Lummis.
After reclaiming a crucial level over the past week, Avalanche (AVAX) faces resistance near the $27 mark. Some analysts have suggested that reclaiming this area could kickstart a rally toward the next key resistance levels.
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