Crypto Price Today: Bitcoin Stays Above $104K, PEPE and BONK Rally; Ethereum Eyes $2,600 Breakout
By: icodesk io|2025/05/12 15:15:06
0
Share
Bitcoin Maintains $104K Support; Ethereum, Cardano, and Memecoins Show StrengthAs of May 12, 2025, the global cryptocurrency market capitalization stands at $3.34 trillion, showing a slight daily dip of 0.14%. While the broader trend remains cautiously optimistic, top assets like Bitcoin and Ethereum anchor the market, and memecoins lead the charge on the retail front.Bitcoin (BTC): Holding Strong Above $104KBitcoin is currently priced at $104,072, reflecting a minor 24-hour decline of 0.08%. The intraday high touched $104,923, while support held firm at $103,445. This price stability comes amid continued institutional interest, especially from ETF inflows and derivatives markets. Derivatives volume remains high, up over 35% week-on-week, with the long/short ratio showing a slight long bias on major exchanges like Binance and Bybit. Analysts note that BTC is currently forming a bullish flag pattern, suggesting potential for another breakout toward $107,000 if macro sentiment remains stable.Ethereum (ETH): Consolidating Gains After Pectra UpgradeEthereum is trading at $2,516.20, down 0.84% in the past 24 hours. The asset showed intraday movement between $2,452.84 and $2,558.83. Since the Pectra upgrade went live on May 7, ETH has surged over 30%, driven by improved transaction efficiency and reduced gas fees.On-chain data also shows a sharp rise in active addresses and staking deposits. The next resistance is $2,600; if broken, the path opens toward $2,750 in the short term. Support continues to form near $2,450, where buyers have stepped in repeatedly.Altcoins: Tether, BNB, and Cardano Show Varied TrendsTether (USDT):Tether remains firmly anchored at $1.00, with minimal fluctuations. As the dominant stablecoin, USDT continues to absorb trading volume across centralized exchanges and DeFi protocols, contributing over 65% of stablecoin-based trade pairs globally.BNB (BNB):BNB is down 1.53% over the last 24 hours, trading at $656.58. Despite the mild correction, BNB remains one of the top performers among exchange-based tokens, buoyed by Binance’s expanding launchpad activity and rising TVL on BNB Chain. Resistance lies at $670, with support at $645.Cardano (ADA):ADA is priced at $0.81, marking a modest 0.02% gain. The altcoin continues its slow climb amid anticipation of the Leios scalability rollout, expected to improve throughput and enable better dApp support. Staking participation remains high, and ADA’s recent breakout past the $0.78 resistance has strengthened its bullish structure. Eyes are now on the next target at $0.87.Avalanche (AVAX): Building Bullish MomentumAVAX is trading at $25.20, slightly down 0.59% today after a strong weekly rally. A breakout above $25.50 could trigger a move toward the $28 – $30 range, though resistance remains from holders at higher levels.Meme Coins: PEPE and BONK OutperformPEPE:PEPE has gained 7,15% in the last 24 hours, currently trading at $0.00001408. The rally is backed by rising on-chain volume, a surge in wallet activity, and a recent crossover in the MVRV ratio above 1.0 signaling investor confidence. If bulls maintain this pressure, PEPE could target $0.000016 this week, although volatility remains high.BONK:BONK jumped 2.30% in the last 24 hours to $0.00002363. Riding on strong community engagement and Solana-based NFT momentum, BONK is seeing renewed interest from speculative traders. Analysts highlight a bullish pennant forming on the 4H chart, with the next key resistance at $0.0000267.Market Outlook: Eyes on Breakout TriggersWith Bitcoin and Ethereum holding firm above key levels, the crypto market maintains a cautiously bullish structure. Altcoins show mixed performance, with Cardano showing resilience and BNB consolidating. Memecoins like PEPE and BONK are capitalizing on speculative sentiment, making them short-term standouts.Traders should watch macroeconomic news, U.S. ETF inflows, and technical breakouts across major coins for momentum cues this week.The post Crypto Price Today: Bitcoin Stays Above $104K, PEPE and BONK Rally; Ethereum Eyes $2,600 Breakout appeared first on ICO Desk.
You may also like

The AI gamble of mining companies: Valuations enter a phase of differentiation, and it's hard to turn the tide
This gamble of transforming into AI is testing the financial strength and execution capability of mining companies.

A letter from Alliance to entrepreneurs: Written on the occasion of Cursor selling for 60 billion dollars
Great companies are forged before they become obvious.

Stablecoins Finally Find Real Returns: On-Chain Reinsurance Re Explained | Interview with Re Founder Karan Saroya
This on-chain reinsurance platform absorbs stablecoins from DeFi, uses them as collateral to underwrite for American insurance companies, collects premiums, and returns the profits to on-chain depositors.

The impossible triangle is simply a pseudo problem
A long time ago, the cryptocurrency industry found its true purpose. But ironically, the path it built for this purpose excluded almost everyone who would actually use it.

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?
The cryptocurrency industry may gradually shift from the hype of native altcoins to real asset tokenization, on-chain machine economy, and a more mature industrialization phase.

Blockchain Capital Partner: The Core Secret of Arbitrage
On cold starts, breaking the circle, and the toughest hurdle for founders to overcome.

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?
Beyond the leverage crunch, what is even more concerning is the liquidity reserves of the Strategy.

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?
Bitcoin price prediction 2026: Can BTC hit $150,000 by year-end? Explore Fed policy, Kevin Warsh's stance, Bitcoin ETF flows, exchange data, and BTC market forecasts.

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?
Bitcoin ETFs lost $4.4 billion over 13 trading days, raising questions about market sentiment and Bitcoin's bottom. Here's what Standard Chartered is watching and how traders are managing idle stablecoin balances during uncertain markets.

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management
Discover WEEX App’s new trading tabs: Futures, TradFi, Copy Trade (users)/ Elite Trade (lead traders) on the same page. Solve messy navigation, find opportunities faster, and manage all trades in one place.

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever
Supercharged search is here! Discover WEEX’s upgraded Search features with hot events, new listings, live market sentiment, and one-click trading. Trade smarter, seize every opportunity.

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets
Overview of Important Market Events on June 17

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot
Federal Reserve Chairman Waller's debut featured a significant slimming statement, the cancellation of forward guidance, refusal to submit the dot plot, and the establishment of five working groups, vowing to uphold the 2% inflation target, which triggered a sharp decline in U.S. stocks and a surge ...

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance
"Coin-stock linkage" has evolved from the early stage of macro correlation and one-way penetration of emotional funds to the current 3.0 stage, where on-chain perpetual contracts provide extended trading hours and emotional signal value for traditional assets 24/7, and participate in Pre-IPO pricing...

Dalio's important long article: How to position in the current market environment?
Do not confuse the excitement for new technologies with whether those tech stocks are attractive.

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun
OKX founder Star published a lengthy article, systematically analyzing Binance's competitive advantages over the years: regulatory arbitrage, speculative narrative cycles, social media control, and superficial compliance, stating that the essence of these advantages is not product capability, but ra...

New gameplay for participating in initial offerings on cryptocurrency exchanges
In this competition for cutting-edge assets, what has always been truly scarce is not the technology, but the underlying equity itself.

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq
Why is Bitcoin down today? A hawkish FOMC pressured crypto and gold, while SpaceX surged to a $2.5 trillion valuation and Nasdaq gained attention. Here's what happened and why traders are looking beyond Bitcoin.
The AI gamble of mining companies: Valuations enter a phase of differentiation, and it's hard to turn the tide
This gamble of transforming into AI is testing the financial strength and execution capability of mining companies.
A letter from Alliance to entrepreneurs: Written on the occasion of Cursor selling for 60 billion dollars
Great companies are forged before they become obvious.
Stablecoins Finally Find Real Returns: On-Chain Reinsurance Re Explained | Interview with Re Founder Karan Saroya
This on-chain reinsurance platform absorbs stablecoins from DeFi, uses them as collateral to underwrite for American insurance companies, collects premiums, and returns the profits to on-chain depositors.
The impossible triangle is simply a pseudo problem
A long time ago, the cryptocurrency industry found its true purpose. But ironically, the path it built for this purpose excluded almost everyone who would actually use it.
Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?
The cryptocurrency industry may gradually shift from the hype of native altcoins to real asset tokenization, on-chain machine economy, and a more mature industrialization phase.
Blockchain Capital Partner: The Core Secret of Arbitrage
On cold starts, breaking the circle, and the toughest hurdle for founders to overcome.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com




