CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
May 14, 2025
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Altcoins Gain as Bitcoin Shows Low Volatility Ahead of Potential Breakout

3 min

Investors continue to shift funds into altcoins, increasing the valuations of tokens like ETH, RAY, ENA, and MKR. Bitcoin (BTC) remains stable above $100,000, currently 7% away from a new all-time high, with its 30-day implied volatility at a low not seen since June 2024.

Market analyst Georgii Verbitskii suggests that low implied volatility may precede significant price movements, indicating a potential breakout for BTC could occur as early as May if liquidity conditions support it.

However, potential challenges include:

  • The U.S. Senate's GENIUS Act facing hurdles in advancing.
  • The SEC delaying decisions on BlackRock's bitcoin ETF.

In other developments, DeFi Development Corp. acquired 172,670 SOL for approximately $23.6 million, raising its Solana Treasury to over $100 million.

What to Watch

  • Crypto Events:
    • May 14: eToro begins trading on Nasdaq at $52.
    • May 14: Neo undergoes a hard fork upgrade.
    • May 16: Galaxy Digital shares to trade on Nasdaq under GLXY.
    • May 19: CME Group expected to launch XRP futures.
    • May 19: Coinbase replaces Discover Financial in the S&P 500.
  • Macro Releases:
    • May 14: Argentina to release April inflation data.
    • May 15: U.S. producer price inflation data released.
  • Earnings Reports:
    • May 14: Bitfarms and IREN report earnings.
    • May 15: Bit Digital and Bitdeer Technologies report earnings.

Token Events

  • Unlocks:
    • May 15: Starknet to unlock 4.09% of its supply worth $23.53 million.
    • May 17: Avalanche to unlock 0.4% of its supply worth $42.84 million.
  • Token Launches:
    • May 15: RIZE lists on Kraken.
    • May 16: Several tokens to be delisted from Coinbase.

Market Movements

  • BTC down 1.18% at $103,485.75.
  • ETH down 2.81% at $2,608.56.
  • DXY down 0.63% at 100.37.

Bitcoin Stats

  • BTC Dominance at 62.39.
  • CME Futures Open Interest at 145,350 BTC.

Technical Analysis

  • ETH's rally has stalled at the 200-day SMA.
  • A breakout could signal a bull market onset.

ETF Flows

Spot BTC ETFs:

  • Daily net flows: -$91.4 million.
  • Total BTC holdings ~ 1.17 million.

Spot ETH ETFs:

  • Daily net flows: $13.5 million.
  • Total ETH holdings ~ 3.44 million.

While You Were Sleeping

  • Synthetix considers acquiring Derive in a $27M token-swap deal.
  • Ether nearing $2.7K while Dogecoin sees a 9% increase.
  • Dollar steadies amid U.S.-China trade talks.