{"content":"Is the Crypto Market Topping Out? A Cooldown May Be Near 🧊 Since the beginning of this writing, the cryptocurrency market has fluctuated between $3.26 trillion and $3.30 trillion during the course of the last seven days. As of this writing, the market has reached $3.33 trillion after rebounding from the lower end of the range. Both EOS (up 11.7%) and Aave (up 8.5%) have been among the most successful cryptocurrencies throughout the course of the last day. A fall of one percent was seen in XPR and Monero, both of which are considered to be outsiders. The price of bitcoin increased by 2% during the course of the previous day, maintaining its position at 104 thousand as a significant threshold. The fact that sellers have not yet been able to take control of the market is a good aspect of the environment. In spite of this, there is a significant amount of pressure close to the top border of the current range, and the resilience that is present at high levels may only be transitory before the next bounce. To put it another way, the short-term forecast indicates that there will be a decrease from the present levels. In contrast to put options on Ethereum, which have a minor bias, the data provided by Deribit indicates that Bitcoin options are balanced. According to TradingView, bitcoin miners have almost completely ceased selling their holdings of the first cryptocurrency in recent weeks. Instead, they have been accumulating coins on their balance sheets. A significant aspect that might have an impact on the bitcoin market is the trend away from selling and toward hoarding. Approximately one week after the significant update to Pectra was performed, Dune reports that the number of smart account authorizations for EIP-7702 surpassed 11,000. A high level of interest in the new functionality offered by exchanges, wallets, and decentralized applications is indicated by this. #CryptoRegulation #CryptoCPIWatch #CryptoRegulation $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/16/3950bb1c4c614149a321e53277f33243.png"],"tags":[],"tradingPairs":["AAVE/USDT"],"quotearticleid":0}