Key takeaways

• ATOM extends its gains, trading above $2.10 on Wednesday, up over 8% so far this week.
• The technical outlook suggests a further upward rally in the near term

ATOM trading volume hits multi-month highs 

Cosmos Hub (ATOM) continues its bullish rally, currently trading above $2.10, up more than 8% this week. 

On-chain data reveals a positive outlook, with ATOM’s trading volume surging to $120.74 million on Wednesday, marking the highest level since early February. 

This surge in trading volume indicates growing trader interest and liquidity, further boosting ATOM’s upside momentum.

Santiment’s data suggests an increase in demand, with spot markets showing buy-side dominance and generally neutral conditions across other metrics, pointing to potential for continued upward movement. 

The rally comes after Cosmos Hub announced a new partnership with Injective. Starting soon, the USDC stablecoin from Injective will be integrated into the Cosmos Hub ecosystem. 

This integration ensures long-term support for USDC, solidifying the relationship for at least four years.

The partnership will enhance liquidity, cross-chain interoperability, and introduce a buyback mechanism for ATOM tokens. 

The Cross-Chain Transfer Protocol (CCTP) will facilitate one-signature transfers, with the protocol fees used to buy back ATOM tokens programmatically. 

This move is bullish for both Cosmos Hub and ATOM in the long term, as it strengthens the ecosystem and introduces new demand drivers.

Cosmos Hub price forecast: ATOM aims for $2.34 

The ATOM/USD 4-hour chart is bullish and efficient as the coin is outperforming the broader crypto market. 

ATOM is trading at $2.15 on Wednesday, marking a 8% increase this week. The token remains above key support levels, with the 50-day and 100-day Exponential Moving Averages (EMAs) at $1.90 and $1.97, respectively. 

This keeps the near-term bullish trend intact as ATOM pushes further away from its broken descending trend line.

The Relative Strength Index (RSI) has surged into overbought territory, currently around 75, while the Moving Average Convergence Divergence (MACD) line stays above zero with a positive spread, suggesting strong bullish momentum but cautioning against overextension.

If the bullish trend continues, initial resistance is found at the 200-day EMA around $2.34, followed by the 38.2% Fibonacci retracement at $2.39.

 A sustained break above this resistance zone could open the path to further gains, with potential targets at the 50% retracement near $2.63 and the 61.8% retracement level at $2.88.

However, if the market undergoes a correction, immediate support is seen at the 23.6% Fibonacci retracement at $2.09, followed by the 100-day EMA at $1.97 and the 50-day EMA near $1.90. 

A deeper pullback could occur if these levels are lost, with further support near the former trendline break area at $1.75 and the lower horizontal support around $1.65.

Every market has its dominant players. In online sports betting, two names have occupied the top positions for long enough that most people stopped questioning them. DraftKings built the most recognisable betting brand in the United States. Bet365 built what many consider the definitive international sportsbook. Between them, they have set the terms for what online gambling looks like for a very large number of players.

But markets evolve. Player expectations shift. And in 2026, a new platform called ZunaBet is entering the conversation — not by trying to replicate what DraftKings and Bet365 do, but by building something specifically for the players those platforms have never fully served.

This article looks at all three. What the established platforms do well, where they fall short, and why ZunaBet is generating attention from a particular and growing segment of the market.

DraftKings: America’s Sportsbook

DraftKings did not come from nowhere. It started as a daily fantasy sports platform, spent years building an audience of sports-engaged, financially active users, and was positioned better than almost any competitor when the US Supreme Court’s 2018 ruling began opening state-by-state sports betting legalisation. The platform moved fast, spent heavily, and converted its fantasy user base into a sportsbook audience more effectively than traditional operators could manage.

Today DraftKings operates a full sportsbook and online casino across multiple licensed US states. The sportsbook covers NFL, NBA, MLB, and NHL in depth, with soccer, golf, tennis, and international markets expanding the offering. In-play betting is polished and the mobile app is among the most downloaded in the gambling category. The casino has grown across licensed states — slots, live dealer tables, and RNG games building out the product beyond its sportsbook origins.

Crypto is partially supported in some states, but the platform is fundamentally fiat-first. The payment infrastructure was built for traditional banking and cryptocurrency exists at the edges rather than forming the foundation. The Dynasty Rewards loyalty programme operates on a tiered points system — Dynasty Dollars earned through wagering, redeemable for site credits. The tiers are structured and the upper levels carry real benefits, but the actual return rate as a percentage is not stated plainly. Most players find the mechanics functional but not particularly transparent.

DraftKings is the right platform for the American sports bettor who wants a polished, mobile-first product built for US regulations and US sports culture. Its limitations — partial crypto support, complex loyalty mechanics, and a fiat-first infrastructure — are largely inherited from the environment it was built within.

Bet365: The International Standard

Bet365 has been building its sportsbook since 2000. Twenty-five years of focused product development, regulatory approvals across the UK, Malta, Gibraltar, Australia, and dozens of other jurisdictions, and a marketing presence that has made it one of the most recognised gambling brands in the world.

The sportsbook is where Bet365 earns its reputation. Football coverage is the benchmark — market depth, in-play quality, and live streaming across competitions from the top European leagues down to matches most operators do not bother covering. Tennis, cricket, basketball, American sports, horse racing, and golf are all present at the same depth. For a sports bettor in an international regulated market, Bet365 is the default recommendation for good reason.

The casino offers slots, live dealer games, and RNG table games as a solid secondary product. The platform is stable, the brand carries trust built across decades, and the regulatory standing is among the strongest of any operator in the industry.

Crypto is not supported at all. Cards, bank transfers, and e-wallets are the options. The loyalty programme accumulates points through wagering, redeemable for free bets and bonuses. It has operated in broadly the same form for years without meaningful structural change. The real return rate is not communicated plainly.

Bet365 serves its core audience — the international sports bettor in a regulated fiat market — better than almost anyone. Outside that profile, it has not moved to accommodate changing player expectations.

What Both Platforms Share

Looking at DraftKings and Bet365 together, two consistent limitations stand out.

The first is cryptocurrency. DraftKings has partial support in limited markets. Bet365 has none. In 2026, this is a more significant gap than it might appear. Crypto ownership has moved well past early adopter status into mainstream financial behaviour. A meaningful and growing portion of online gambling players holds and transacts in Bitcoin, Ethereum, USDT, Solana, or other currencies as a routine part of their financial lives. For those players, fiat-only or fiat-first platforms require conversion, fees, and engagement with banking infrastructure they have specifically moved away from.

The second is loyalty transparency. Both platforms run points-based programmes where the real return rate is embedded in mechanics that require effort to calculate. Players accumulate balances and redeem for bonuses without ever being told plainly what percentage of their wagering is coming back to them. This model has been the industry standard for so long that most platforms have never questioned it. But the players who have encountered rakeback-based systems — where a defined percentage is returned at a clearly stated rate — find it difficult to return to opacity.

These are structural gaps, not surface-level complaints. They define the audience that both DraftKings and Bet365 were never built to serve — and they define exactly who ZunaBet is building for.

ZunaBet: The Platform Getting Attention in 2026

ZunaBet launched in 2026 under Strathvale Group Ltd with an Anjouan gaming licence. The team behind it brings over 20 years of combined industry experience. It did not inherit a fiat payment system, a loyalty programme designed in the early 2000s, or a regulatory geography that shapes product decisions. It built from scratch, in 2026, with a clear picture of the player it was designed to serve.

Crypto at the foundation. More than 20 cryptocurrencies are supported — Bitcoin, Ethereum, USDT across multiple chains, Solana, Dogecoin, Cardano, XRP, and others. No platform processing fees. Fast withdrawals. This is not a fiat platform with a crypto deposit option. Crypto is the infrastructure the entire platform is built on. For players who have been navigating workarounds to use traditional platforms, the experience is immediately different.

A game library that competes at the top level. Over 11,000 titles from more than 63 providers including Pragmatic Play, Hacksaw Gaming, Evolution, Yggdrasil, and BGaming. Slots account for the majority, but live dealer games and RNG table games are both substantively covered. By volume and provider depth this is one of the largest crypto casino libraries in the market — and it competes with the casino side of either established platform on content alone.

A sportsbook that is part of the platform. Football, basketball, tennis, NHL, and major global sports alongside esports markets for CS2, Dota 2, League of Legends, and Valorant. Virtual sports and combat sports included. Casino and sportsbook live in the same product — not linked, not adjacent, the same place. Players who move between casino and sports betting do so without switching platforms or managing separate experiences.

Technology built for modern usage. Dedicated apps for iOS, Android, Windows, and MacOS. Dark-themed HTML5 interface, fast-loading across devices. 24/7 live chat support always available.

The Welcome Offer: $5,000 and 75 Free Spins

ZunaBet welcomes new players with a bonus structured across three deposits.

First deposit: 100% match up to $2,000 plus 25 free spins. Second deposit: 50% match up to $1,500 plus 25 spins. Third deposit: 100% match up to $1,500 plus a final 25 spins.

Total value: up to $5,000 in matched funds and 75 free spins across the opening three deposits. Spreading the offer across multiple deposits keeps value active across the early experience on the platform and rewards players for continuing to engage rather than treating the welcome bonus as a single transaction.

The Loyalty Question: Where ZunaBet Pulls Ahead

The comparison between ZunaBet’s loyalty programme and those at DraftKings and Bet365 is the starkest illustration of the difference between old and new platform thinking.

Dynasty Rewards and Bet365 points both operate on the same core model: wager, earn points, redeem for bonuses. The rate of return is never stated as a plain percentage. Players trust the system without being shown the number behind it.

ZunaBet shows the number.

The dragon evolution loyalty system runs through six named tiers — Squire, Warden, Champion, Divine, Knight, and Ultimate. Each tier carries a defined rakeback percentage. Squire earns 1% of losses returned. Ultimate earns 20%. The rate is stated. It applies. It comes back to the player. No calculation required.

Alongside the rakeback, each tier adds benefits: free spins up to 1,000, VIP club access, double wheel spins, and a gamified identity built around a mascot called Zuno. The programme has both structure and personality — something traditional loyalty systems rarely manage simultaneously.

At 20% rakeback for the highest tier, ZunaBet returns one in every five dollars lost over time to its most engaged players. For regular, high-volume players that compounds into a substantial ongoing financial benefit that neither Dynasty Rewards nor Bet365 points can match in value or in the simple fact of being transparent about it.

Is ZunaBet the Alternative Players Are Watching?

The question in the headline has a straightforward answer: for a specific type of player, yes.

DraftKings is not losing its core US sports betting audience to ZunaBet. Bet365 is not losing its international regulated market players. Both platforms serve their audiences well and will continue to do so.

What ZunaBet represents is a new option for the player who sits outside both those profiles — the crypto user, the player who wants to know what their loyalty is worth, the person who expects casino, sportsbook, and esports to exist in one place without compromise. That player has existed for years without a platform built around them.

In 2026, they have one. And based on what ZunaBet has launched with — the game library, the sportsbook depth, the crypto infrastructure, and the most transparent loyalty programme in its class — the attention it is receiving is entirely justified.

The old names defined what online gambling looked like for one generation of players. ZunaBet is part of what it looks like for the next.

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Americans are sending Washington a clear message: the United States should lead the future of digital finance, not fall behind while other countries write the rules. A new national HarrisX survey of registered voters found that 70% say the U.S. should have already passed crypto legislation, 62% say it is important for America to set the global rules for digital finance, and 60% prefer clear federal legislation over case-by-case enforcement.

That makes the Senate Banking Committee’s decision to mark up the Clarity Act a critical next step toward giving the United States a workable framework for digital asset markets.

For years, Washington treated digital assets as a moving target. The technology evolved quickly, the market was volatile, and policymakers were still sorting out the risks and opportunities. That is no longer the case. Lawmakers, regulators and staff have now spent years studying these markets, engaging stakeholders and wrestling with difficult questions around consumer protection, market integrity, custody, trading and disclosure.

The industry has changed as well. A sector that once spoke in scattered, often conflicting voices has become more disciplined in its engagement with policymakers. That matters because durable legislation comes from sustained engagement, practical proposals and a willingness to work through tradeoffs.

The House made that much clear when it passed the CLARITY Act with strong bipartisan support. That vote did not resolve every outstanding question, but it established something important: digital asset market structure belongs squarely on Congress’s agenda. The Senate now has a chance to build on that foundation.

It is doing so with a stronger policy foundation than it had even a year ago. The SEC and the CFTC have taken steps to improve coordination and clarify how existing law applies to parts of the market. Those efforts are important, but they also underscore the limits of agency action. Only Congress can provide durable rules on regulatory boundaries, registration requirements, market oversight and the treatment of digital assets that do not fit neatly within older frameworks.

Meanwhile, the market has continued to move ahead. Following the signing of the GENIUS Act, stablecoins have grown rapidly and are becoming more connected to mainstream payments infrastructure. Tokenization is moving from concept to institutional experimentation. Major financial firms are testing blockchain-based systems for settlement and other market functions. Public blockchain networks are increasingly part of that activity.

Some of that development is taking place on networks like Solana. PayPal expanded PYUSD to Solana to support faster, lower-cost payment use cases. Visa has included Solana in its stablecoin settlement work. And SoFi, which launched SoFiUSD in December, has said parts of its broader digital asset banking platform are expected to leverage Solana alongside other networks. These examples show how digital asset markets are becoming more connected to real financial activity.

It’s clear: Digital assets are the next generation of financial infrastructure.

Congress should legislate with that reality in mind. A market structure bill has to do difficult, important work. It has to draw workable lines between regulators. It has to establish clear rules for market participants while ensuring robust consumer protections. And it has to account for the fact that blockchain networks and digital asset markets do not map neatly onto categories built for earlier generations of financial products.

That is precisely why markup matters. It requires lawmakers to engage real legislative text in public. Members debate substance, offer amendments, narrow disagreements and test whether a proposal is ready to move. On legislation this consequential, that process is where serious policymaking happens.

For digital asset legislation to last, it must be bipartisan. A framework written on a party-line basis will be fragile from the start. Rules that shape markets endure when both parties help write them. The good news is that more lawmakers on both sides of the aisle now understand the stakes. They understand the need for consumer protection, the importance of market integrity and the cost of leaving a growing sector trapped in legal uncertainty.

The United States has deep capital markets, strong institutions, world-class entrepreneurs and a long history of leading in financial innovation. It should bring those strengths to digital assets as well. Clear rules will protect consumers, strengthen markets and give responsible builders the confidence to operate and invest in the United States.

Digital asset markets will continue to grow. Capital will move. Infrastructure will be built. The question is whether the United States will shape that future with clear rules, credible oversight and the confidence to lead.

The Senate can help answer that question now by moving this legislation forward and closer to the President’s desk. It’s critical that it does.

Key Highlights

• Tower Semiconductor surpassed Q1 2026 earnings expectations with adjusted EPS of $0.65, topping the $0.55 Wall Street consensus
• First-quarter revenue reached $413.6 million, marking a 15% year-over-year increase and exceeding the $408 million projection
• Second-quarter revenue forecast of $455 million surpassed analyst expectations of $436 million — potentially setting a new company milestone
• The company secured $1.3 billion worth of silicon photonics agreements for 2027 delivery, with customers already providing $290 million in upfront payments
• TSEM shares skyrocketed more than 17%, reaching a 52-week peak of $267.42

Tower Semiconductor delivered an impressive performance on Tuesday. The Israel-based chip manufacturer reported solid earnings results, provided robust forward guidance, and unveiled $1.3 billion in artificial intelligence chip agreements — creating a trifecta of positive catalysts.

Tower Semiconductor Ltd., TSEM

TSEM shares surged over 17% during early U.S. market hours, climbing to a 52-week peak of $267.42. Meanwhile, broader market indices remained subdued, with the S&P 500 declining 0.11% and the Nasdaq essentially unchanged, highlighting that Tower’s rally was driven purely by company-specific developments.

First-quarter 2026 revenue totaled $413.6 million, representing a 15% climb compared to the prior-year period, and narrowly exceeding the Street’s $408 million projection. Adjusted earnings per share landed at $0.65, comfortably beating the analyst consensus of $0.55 by a dime.

Gross profit expanded 52% year-over-year to reach $111 million. Operating profit saw even more dramatic growth, nearly doubling with a 96% surge to $65 million compared to $33 million in the first quarter of 2025.

Looking ahead to Q2 2026, Tower projected revenue of $455 million, with a variance of plus or minus 5%. Wall Street analysts had penciled in $436 million. Successfully hitting this target would establish a new revenue record for the semiconductor manufacturer.

However, the most significant development centers around silicon photonics. Tower locked in $1.3 billion in agreements for 2027 revenue from its primary silicon photonics clients — specialized chips that utilize light instead of electrical signals for data transmission, making them particularly effective for AI data center applications.

Secured Revenue Stream of $1.3 Billion

Customers demonstrated serious commitment beyond mere paperwork — they’ve already transferred $290 million in advance payments to reserve manufacturing capacity. Furthermore, they’ve pledged to place even larger orders for 2028, with additional upfront payments scheduled for delivery by January 2027.

CEO Russell Ellwanger expressed confidence, stating the company is “confident in our path toward achieving our financial model targets of $2.8 billion in annual revenue and $750 million in net profit in 2028.”

These financial objectives now carry substantial weight. The order pipeline continues to strengthen.

Credit Rating Boost Reinforces Positive Trend

S&P’s Maalot maintained Tower’s “ilAA” credit rating while elevating its outlook from stable to positive — a subtle yet significant validation of the company’s business direction.

Tower’s semiconductor products support automotive, industrial, consumer electronics, and communications sectors, though current momentum stems primarily from AI data center requirements.

In March, competitor GlobalFoundries initiated legal action against Tower, claiming patent infringement on 11 patents associated with chip production for smartphones and related devices. This legal matter remains unresolved.

Tower concluded the trading day at a new 52-week high, with the stock’s appreciation stemming exclusively from company-specific announcements rather than broader semiconductor industry trends.

Reform UK leader Nigel Farage is reportedly facing a parliamentary standards inquiry over whether he failed to declare a 5 million pound ($6.7 million) gift from crypto billionaire Christopher Harborne.

The UK Parliamentary Standards Commissioner has opened an inquiry into whether Farage breached House of Commons rules by not registering the payment, the BBC reported Wednesday.

Farage said he was under “no obligation” to declare the gift from the Reform party backer, which he received before he was elected to the Commons in 2024. Critics argue he should have registered the payment after becoming a member of parliament.

The Conservatives wrote to the parliamentary standards watchdog asking it to investigate the matter, according to the BBC. The Conservatives also raised the issue with the Electoral Commission, which is reportedly deciding whether to launch a formal investigation into the donation.

The inquiry adds to scrutiny of Farage’s financial ties to crypto-linked backers and businesses, as UK lawmakers and regulators pay closer attention to the role of digital asset money in politics.

The development comes a month after the UK Liberal Democrats called on the Financial Conduct Authority to investigate whether Farage breached market rules by appearing in a promotional video for Stack BTC while holding a financial stake in the company.

Farage previously disclosed a $286,000 equity investment in the company after acquiring a 6.31% stake through his media vehicle Thorn In The Side in March.

Related: Revolut among 4 companies chosen to test stablecoins in UK sandbox 

UK lawmakers mull halt to political crypto donations

Cryptocurrency donations to political parties have come under growing scrutiny in the UK.

Farage’s Reform UK was the first party to start accepting crypto donations in 2025. Reform recently disclosed a $4 million donation from Harborne in the fourth quarter of 2025, after receiving a record $12 million gift in the previous quarter. 

Political cryptocurrency donations are currently legal in the UK, subject to permissible rules under the Electoral Commission guidance. However, some parliamentary committees have called for a halt.

On March 18, the Joint Committee on the National Security Strategy urged the UK government to impose an immediate moratorium on crypto donations to political parties until the Electoral Commission produces statutory guidance ahead of the next general election, which is due to take place by August 2029.

The committee also called for the creation of a Political Finance Enforcement Unit and for reducing the minimum declaration threshold of political donations from $14,900 to $668. It cited growing foreign-state threats and efforts to influence the UK’s positions on critical issues, including its relations with the US, the European Union and Ukraine.

Three weeks earlier, Matt Western, chair of the committee, urged the government to put a temporary halt on crypto donations to political parties, citing foreign interference risks, Cointelegraph reported on Feb. 26. 

Magazine: Clarity Act risks repeat of Europe’s mistakes, crypto lawyer warns

U.S. President Donald Trump arrived in Beijing on May 13 for a formal state visit at the invitation of Chinese President Xi Jinping.

The visit marks a renewed high-level diplomatic engagement between the world’s two largest economies amid ongoing strategic and economic competition.

The announcement has quickly drawn attention across financial markets, where geopolitical developments between the U.S. and China often influence risk sentiment, trade expectations and cross-asset volatility. Crypto traders, in particular, are watching for potential spillover effects into liquidity conditions and speculative positioning.

Prediction markets are also reacting to the development. Platforms such as Polymarket are tracking event-based probabilities tied to U.S.–China relations, including the likelihood of trade policy shifts, tariff adjustments, or formal agreements emerging from diplomatic meetings.

Geopolitics meets prediction markets and crypto sentiment

On Polymarket, traders typically express views on scenarios such as “U.S.–China trade deal probability,” “new tariff escalation risk,” or “high-level diplomatic agreement outcomes,” allowing sentiment to be priced in real time rather than through traditional polling or analyst forecasts.

These markets have become increasingly relevant to crypto participants because geopolitical risk is now tightly linked to digital asset volatility cycles. When tensions rise, liquidity often tightens and risk assets tend to experience sharper repricing, while diplomatic easing can trigger broad-based risk-on rotations.

In the current context, the Trump–Xi meeting is being interpreted less as a single political event and more as a signal node for global macro positioning. Traders are watching whether it leads to policy clarity, trade de-escalation, or further strategic uncertainty between the two nations.

Crypto markets watch macro signals for liquidity direction

Crypto investors are closely monitoring geopolitical developments like this because digital assets increasingly trade as high-beta macro instruments sensitive to global liquidity expectations.

Improved U.S.–China relations could support broader risk appetite by reducing tail-risk uncertainty in global trade, while escalation or breakdown in talks could have the opposite effect, tightening liquidity conditions and increasing volatility across speculative markets.

At the same time, prediction markets are amplifying the speed at which sentiment is priced in. Platforms like Polymarket allow traders to hedge or speculate directly on geopolitical outcomes, effectively turning diplomatic events into tradable macro signals.

As a result, the Trump visit to Beijing is being watched not only as a diplomatic milestone but also as a potential catalyst for shifts across prediction markets, equities, and crypto-linked risk assets, depending on how negotiations and messaging unfold in the coming days.

Bitcoin (BTC) may reach $100,000 by June as Strategy’s renewed buying power and falling stablecoin dominance suggest liquidity is returning to crypto.

Key takeaways:

• Michael Saylor’s Strategy may purchase at least 3,127 BTC this week via the sales of STRC shares.
• Falling crypto market dominance of USDT and USDC stablecoins increases BTC’s odds of reaching $100,000.

Strategy resumes Bitcoin buying as STRC stock reclaims $100 par

Strategy’s preferred stock, Stretch (STRC), has reclaimed its critical $100 par value, restoring one of the company’s funding mechanisms for Bitcoin purchases, data from STRC.LIVE shows.

As of Wednesday, STRC was trading around $100.01, with estimates suggesting the preferred-share program has already unlocked enough buying power for Strategy to acquire at least 3,172 BTC this week.

Strategy’s weekly BTC buying estimates via STRC stock sales. Source: STRC.LIVE

That is nearly 235% of Bitcoin’s newly mined supply over the same period.

Strategy’s Bitcoin accumulation model becomes significantly more efficient whenever STRC trades at or above par. In those conditions, the company can issue preferred shares more aggressively, raise fresh capital, and redirect proceeds into Bitcoin.

Since February, the company has added roughly 101,700 BTC, lifting its holdings to nearly 819,000 BTC as of May 11 from about 717,000 BTC in mid-February.

Source: X

Bitcoin rose more than 40% over the same stretch, underscoring how Strategy’s latest accumulation wave has coincided with BTC’s broader recovery.

“STRC raised $5.58 billion YTD since January,” market analyst Pio Vincenzo said in a Wednesday post, adding that MSTR may raise “another $20 billion by the end of the year.”

Related: Strategy CEO Phong Le says company will sell BTC only in specific cases

Falling stablecoin dominance is bullish for Bitcoin’s price

Another bullish signal is coming from the stablecoin market.

The combined dominance of Tether’s USDT and Circle’s USDC is showing signs of topping near the 10%–11% resistance zone, according to a fractal analysis shared by analyst MikybullCrypto.

Net USDT and USDC’s crypto market dominance monthly chart. Source: TradingView/MikybullCrypto

Stablecoin dominance measures how much of the crypto market is sitting in digital dollars. When it falls, it usually means capital is rotating back into Bitcoin and other crypto assets.

Past cycles show a similar pattern.

During 2022–2024, stablecoin dominance dropped nearly 70% while Bitcoin rose by around 600%. Similarly, in 2021, a 54% drop in stablecoin dominance aligned with BTC’s 525% price gains.

Net USDT and USDC’s crypto market dominance vs. BTC/USD monthly chart. Source: TradingView

On average, stablecoin dominance has fallen by 61.3%, while Bitcoin has rallied by around 560% in the same period.

“BTC therefore has a higher chance for a sustained bullish reversal on the weekly chart,” MikybullCrypto said, adding:

“Reaching $100k this quarter seems likely.”

On the flip side, Bitcoin upside continues to show signs of exhaustion near its 200-day exponential moving average (200-day EMA, the blue line) at around $82,000.

BTC/USD daily chart. Source: TradingView

Failing to break above this resistance increases the odds of sell-offs in the coming weeks, with a potential rising wedge pattern hinting at a drop under $70,000 by June.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 2185.22, down 0.3% (-5.55) since yesterday’s close.

Seven of 20 assets are trading higher.

Leaders: DOT (+2.6%) and BNB (+1.7%).

Laggards: SUI (-3.2%) and TAO (-2.7%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.