Get the latest crypto market insights in Casinoplusbonus’s May 2025 update covering BTC, ETH, XRP, and TRX trends.
We’re back with another crypto update for all your cryptocurrency casino players out there.
We’ve seen a massive pump in the number of crypto casinos, and crypto prices, while here at Casinoplusbonus, we’re only sticking to those we know well.
Bitcoin was over 106k USD until today and has pulled back.
The crypto market seemed poised to break out from the current range, and everyone piled in on BTC – leveraged long and then got their knees taken out.
It looks like this could be a funding reset with funding levels coming back to a general range. Part of the downturn could be U.S. dollar sentiment as the ‘Brand USA’ falters, a rebalancing of global portfolios, and investing USD assets in other sectors.
To further strengthen the argument of a bearish trend, the U.S. Dollar Index is at a 1-week low, which may be a signal for the bear traders. Regardless, the next few days could be a rocky road for the crypto market.
Is Bitcoin Going to Reach a New ATH?
There are conflicting sentiments concerning which direction BTC may go in the coming week(s). Some analysts believe that the market is consolidating before a big run. Some of the determining factors behind their statements are that BTC ETFs have seen massive inflows of capital recently (7 straight weeks). Another consideration is that short-term holders have taken their profits, waiting for the next strategic buy entry point.
The bearish technical analysts regard the BTC inverse ‘head and shoulders’ chart as a downtrend signal, and some are anticipating BTC dropping below 100k USD. If BTC breaks down below 100k USD, key support must be maintained around 98,200 USD. The fact that BTC dropped 4% on May 19th supports their premises. Regardless of the direction, traders will be closely watching every movement of BTC from its current trading range of 105k USD.
Pectra Upgrade has boosted the ETH Price.
Ethereum has experienced 200m USD inflows in the past week. The overall total for inflows for ETH from January is over 576m USD, giving us an indication of strong investor confidence. The Pectra upgrade was on May 7th after several delays and was well received by the market, pushing up the price of ETH. The current trading level of ETH is 2,535 USD, with support at 2,320 USD and significant resistance at 2,650 USD.
Market analysts anticipate that if ETH fails to break through the 2,650 USD resistance, the coin could fall to as low as the 2,250 USD support level. A recent statement by Vitalik Buterin has proposed new technology to the Ethereum blockchain that could bolster the usage of ETH and push up the price of ETH. He has introduced the possibility of a ‘partially stateless node’ that would reduce physical hardware nodes. These nodes could be used by the masses, but are in an early phase of development.
XRP Set for New Highs…?
The amount of positive news surrounding Ripple could boost the price of the coin to new all-time highs by the end of the year. The legal proceedings against the company were positive and pushed the price of XRP significantly in a couple of weeks. The company also has real-world utility through payment platforms and fintechs (Ripple Payments).
The actual success of their cross-border payments will depend on the adoption of it by institutions integrating Ripple into their operations. XRP has upgraded their technology, reduced transaction costs and increased speed… but other blockchains offer this. Protocol upgrades must continue for it to be competitive (interoperability, privacy and scalability). Brazil has recently launched the first XRP ETF, and the market has responded favorably, as 10 companies have filed applications with the SEC to launch their ETFs. XRP is currently trading at 2,340 USD with resistance at 2,420 USD and support at 2,220 USD.
New Milestone for Tron
The Tron network has evolved into a stable blockchain since its inception. The production efficiency of the chain has been recently confirmed at 99.6%. What this means is the TRX network consistently produces blocks every 3 seconds, showing reliability… outperforming BTC in certain metrics. The company can produce 29k blocks a day… only 10 blocks away from achieving perfection. This means more uptime and can be relied on for all transactions.
The technical performance in the past few years has improved significantly, which has improved its marketability to builders on their blockchain. Developers of serious projects are likely to choose TRX over ETH (congestion issues) and Solana (uptime challenges) for stability. This could make way for more gaming apps and payment platforms. Earlier in the week, TRX saw a 5-month high of 0.2804 USD, currently trading at 0.2730 USD.
Tron has surpassed ETH in stablecoin trading volume, indicating significant usage in the blockchain. Liquidity is migrating to Tron and was boosted by Tether minting 1 billion USD of USDT on the TRX blockchain. The TRX USDT is very popular in Asia, which has financial restrictions on fiat currencies, also assisting in Tron’s popularity.
Sitting on the Fence
The market is pulling back, but some factors could turn the market around in a flash. Bitcoin, Ethereum, Ripple and Tron are facing strong resistance levels and some technical issues, but there are many positive factors that bulls will surely focus on. The lack of significant macroeconomic data iSn the coming week (new home sales today) could have a positive influence on the market. The market will determine whether there will be a bull or bearish run this week… and the analysts seem to be divided.
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