The crypto market on May 13, 2025, saw significant volatility, with Bitcoin correcting from its peak, altcoins and meme coins rallying, and events shaping sentiment. Let’s have a look at this daily market recap.
Daily Market Overview
- Bitcoin (BTC): BTC dipped to ~$102,000 after hitting $105,800, facing $12 billion in long liquidations. A whale deposited 50.5M USDC to HyperLiquid, opening 5x leverage short positions on BTC, ETH, and SOL, signaling caution.
- Ethereum (ETH): ETH held above $2,500, up 13% weekly, driven by Pectra upgrade benefits and bullish altcoin sentiment.
Key Developments
- U.S.-China Trade Deal: A 90-day tariff reduction agreement boosted risk-on sentiment. BTC hit a $2 trillion market cap but corrected as profits were taken.
- ETF Inflows: U.S. crypto ETFs recorded $62.9 billion in net inflows since January 2024, surpassing February’s record, per Cointelegraph. BlackRock’s IBIT saw $356M inflows on May 9.
- Whale Activity: Whale @qwatio closed a $140M BTC short, profiting $1.1M as BTC hit $100,000, then withdrew 4.8M USD from HyperLiquid.
- BTC Forecast: Analyst Rekt Capital predicts 2025 as the peak of BTC’s bull cycle, with prices set to exceed all-time highs.
Meme Coin Highlights
- $USELESS: USELESS COIN – Mocks meme coin uselessness, hits $33M all-time high on Bonk.fun
- $CHILLGUY: Chill Guy breaks trend line again, surpasses $100M market cap with further potential
- $BERRY: Strawberry In Bloom soars 100,000% in 24 Hours, inspired by Matt Furie’s new female frog character
- $RUSTY: Rusty The Rat is Matt Furie’s Rat, rising from $RATO’s ashes
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What do you think of these highlighted events?
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