Hey y’all, Matt here from Daily Crypto News, back in Northeast Ohio—shoutout to my mom’s house for the makeshift studio. Kyle joined me live on May 21st, and we had a lot to unpack: from the Bitcoin’s price explosion to the usual mix of macro trends, altcoin outlooks, and political theater. Crypto talk starts at after 1:30.
Bitcoin Breaks the Ceiling Again
Let’s get right to it—Bitcoin touched a new all-time high near $110,000 before pulling back slightly to hover around $106,500. That’s a massive bounce off the “Liberation Day” lows when we saw Bitcoin crater to the low $70Ks. A lot of people doubted we’d return to this level. And now? We’re here.
Kyle and I agreed: every time BTC hits a new ATH, it’s a good day. But we’re not just blindly celebrating—we’re watching the market structure closely. Historically, Bitcoin tends to surge before the Bitcoin Conference... and then drop hard. Don’t be surprised if we tap $112K or even $115K before correcting sharply into the low $90Ks.
Remember: BTFD
The lesson here? Stay calm and BTFD—buy the dip if you can. Dollar-cost averaging wins long term. Even if you scooped the 2021 top, you’d be up several hundred percent today. The data doesn’t lie: 93% annualized returns over the last five years for Bitcoin compared to 15% for the S&P 500 and 21% for the NASDAQ 100. That’s not just good. That’s generational.
Macro Winds Are Turning
Part of the reason for the bullish momentum? Macro pressure is easing—tariffs are stabilizing, geopolitical tensions (like Russia-Ukraine) are cooling, and institutions are gaining clarity. States like New Hampshire and Texas are moving forward with Bitcoin reserve legislation, and there’s a growing appetite for crypto ETF exposure among financial advisors—even right here in Ohio.
Standard Chartered says Bitcoin is headed higher, citing whale accumulation and a record-high U.S. Treasury term premium. The $200K target for 2025? It’s on the table.
Ethereum and Alts: Time to Be Picky
Now, ETH. We saw a nice bounce thanks to the recent Petra upgrade, which improved UI and general usability post-merge. ETH is back above $2,600, but it’s still lagging BTC. Historically, that’s normal—it plays catch-up. But for ETH to really shine, we’re going to need to see it break above $3K and hold.
For alts in general? Be cautious. There’s opportunity, but there’s also risk. Movement Labs and other shady actors are drawing unwanted attention. Our advice? Stick to strong L1s like Solana and Sui, and watch for major partnerships or TradFi integration.
Big moves are coming, but don’t get caught holding vaporware when the music stops.
TradFi Pivot and the Future of Crypto
TradFi wants in. That’s the big theme. Chainlink’s Sergey Nazarov tweeted it. You can see it in moves like Ripple + Circle, and speculative mergers that may eventually look like Charles Schwab buying Uniswap.
Keep your eyes open for these consolidations—they signal where the next bull narrative could spark.
Eric Adams, NYC, and the Crypto Grift
We closed the show with a political sidebar: NYC Mayor Eric Adams is talking big about turning NYC into the crypto capital of the world—again. Sound familiar? He did the same four years ago and took a couple checks in Bitcoin. Then? Nothing.
Now he’s back, running as an independent, looking for crypto cash again. My take? It’s a grift. Until we see action, it’s all just talk. Crypto’s been burned by politicians who court us for our money but ghost us after Election Day. We’re watching.
Market Summary
Bitcoin (BTC): $106,500
Ethereum (ETH): ~$2,600
Fear & Greed Index: In the 70s and 80s (Greed)
Whale Accumulation: Strong
Macro: Tailwinds from regulatory clarity and geopolitical easing
My Take
We’ve got the price action. We’ve got the macro winds at our back. We’ve got TradFi waking up. But stay cautious. The cycle might rhyme with the past—but this one is layered with institutions, geopolitics, and election-year dynamics.
Altcoins are tempting, but it’s not time to get reckless. Watch ETH, Sui, Barachain, and look out for those M&A headlines. And politically? Hold your leaders accountable. We don’t need another “crypto mayor” who forgets we exist after the check clears.
See you Friday.
Happy HODLing, Everyone.
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!***
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