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- Crypto market will witness significant events, such as Michael Saylor’s $427.1 million Bitcoin purchase and the Genius Stablecoin Regulating Act advancing to the U.S. Senate.
- Binance Coin (BNB) is forming a bullish pattern with a projected 7.8% rally, while Polkadot (DOT) could rise by 10.7% to $5.06.
The broader crypto market faced volatility over the past weekend amid discussions around Trump imposing 50% tariff on EU, and later delaying it to July. This has led to liquidations taking place at both ends, with Bitcoin price reclaiming $110K levels. Following the consolidation phase, altcoins are showing strength as well.
On the other hand, there are some key events scheduled this week ahead, such as Bitcoin advocate and MicroStrategy founder Michael Saylor announcing a fresh purchase of 4,020 BTC worth $427.1 million at $106.237 per BTC. So far in 2025, the company has attained a Bitcoin yield of 16.8%. Furthermore, Michael Saylor will be speaking at the Bitcoin 2025 Conference, scheduled from May 27-29, as highlighted in our previous report.
Besides, the Genius Stablecoin Regulating Act has advanced to the U.S. Senate, marking a pivotal step toward regulatory clarity for stablecoins in the United States. If passed, the bill could significantly enhance the crypto industry’s framework, fostering growth and broader adoption amid all these key developments. Below are the top three cryptocurrencies to watch for this week.
Bitcoin (BTC) Price Eyes Fresh All-Time Highs
Bitcoin has been showing strength once again, bouncing back above $110K levels today, and eyeing a breakout to new all-time highs. As BTC has been following the trail of the Global M2 Money supply, market analysts expect to see $150K levels very soon, as highlighted in our previous report.
Altcoins are expected to remain relatively stagnant unless Bitcoin makes a significant move. According to CoinCodex, Bitcoin is projected to reach a new all-time high of $134,097 by May 31. This would represent a 22.25% price surge from its current levels.
Binance Coin (BNB) Eyes A Major Rally
Binance’s BNB token is poised for potential gains this week, with CoinCodex projecting it to reach $726.75 by May 30. Achieving this target would mark a 7.8% rally from its current price. Furthermore, the altcoin is setting up for a strong upward move as it forms one of the most distinct bull flag patterns in the market. Technical analysts point to this structure as a bullish continuation signal, highlighting potential upside momentum.
Trading volume across the top five blockchain networks has declined nearly 75% since January. However, BNB Chain remains a standout performer, maintaining daily trading volumes of $8.5 billion, according to Token Terminal. This figure is an impressive 240% higher than Solana.
Polkadot (DOT) Remains On Investors’ Radar
Polkadot’s native crypto DOT is also showing strength, with 6% gains in the last 24 hours and daily trading volumes surging to $200 million. As of now, the DOT price is $4.53.
Polkadot (DOT) is showing potential for a rally this week, with CoinCodex forecasting the asset to reach $5.06 by May 31. If this target is achieved, DOT could see a 10.7% price increase.
