Crypto Price Analysis 5-13: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, ARBITRUM: ARB: BITTENSOR: TAO, APTOS: APT

The crypto market registered a notable decline over the past 24 hours despite Treasury Secretary Scott Bessent announcing that the US and China had agreed to temporarily reduce tariffs to de-escalate their ongoing trade war. Bitcoin (BTC) made a sluggish start to the week, dropping to an intraday low of $100,833 as selling pressure intensified. 

However, it rebounded and moved to its current level but remains down nearly 2% over the past 24 hours. Meanwhile, Ethereum (ETH) slipped below $2,500, dropping over 2% to $2,458. Despite the bearish sentiment, Ripple (XRP) is up over 4% and trading at $2.50, while Solana (SOL) is down 2.31% and trading at $171. 

Dogecoin (DOGE) also registered a notable decline, dropping over 7% to $0.223. Meanwhile, Cardano (ADA) is down almost 3%, and Chainlink (LINK) is down over 4% at $16.44. Stellar (XLM), Hedera (HBAR), Toncoin (TON), Polkadot (DOT), and Litecoin (LTC) also registered notable declines. The crypto market cap is down 1.48% and currently sits at $3.28 trillion. 

US And China Temporarily Slash Tariffs 

The US and China have taken steps to defuse trade tensions, agreeing to temporarily reduce the trade tariffs imposed on each other. The decision is an indication of the high costs of an all-out trade war with China and comes after President Trump repeatedly stated he would not lower tariffs without concessions from China. The climbdown comes after both sides agreed to hold more formal talks after consumers and companies began showing considerable economic strain. 

President Trump stated during a press conference at the White House that talks would focus on opening up China to American businesses and revealed he would be speaking with Chinese President Xi Jinping. Both sides have released a joint statement saying they will suspend reciprocal tariffs for 90 days as they continue negotiations that began this weekend. Under the new agreement, the US would reduce tariffs on Chinese goods to 30% while China would reduce the import duty on American goods to 10%. 

Dubai Partners With Crypto.com To Launch Crypto Payments 

Dubai has partnered with Crypto.com to launch crypto payments for government services. The agreement was finalized during the Dubai Fintech Summit on May 12 and is part of Dubai’s cashless strategy which aims to transform the city into a fully digital, cashless society by introducing a new digital payment channel across all official platforms. The partnership will allow individuals and business customers of government entities to pay service fees using the exchange’s digital wallets. The payments will be converted into Dirhams and transferred to DOF accounts. 

Amna Mohammed Lootah, Director of Digital Payment Systems Regulation, said that Dubai aims to make 90% of all financial transactions in the city cashless. 

“We are confident that this milestone will significantly accelerate the advancement of the Dubai Cashless Strategy.”

However, the authorities do not clearly state which cryptocurrencies they will accept. The announcement stated that payments could be made using stable currencies, indicating the use of cryptocurrencies. 

Coinbase Makes History, Becomes First Crypto Company To Join The S&P 500

Coinbase has become the first crypto company to join the S&P 500. The announcement was made by S&P Global and will come into effect on Monday, May 19. Coinbase will replace Discover Financial Services, which was recently acquired by Capital One. Coinbase (COIN) shares jumped nearly 9% following the announcement. Coinbase has established itself as the largest crypto exchange in the US and reported a net income of $65.6 million in Q1 2025. Coinbase CEO Brian Armstrong celebrated the moment on X, stating, “Crypto is here to stay.”

A company’s inclusion in the S&P 500 boosts its market exposure, as index-tracking funds must purchase its shares. The inclusion means Coinbase joins the likes of Apple and Nvidia in the benchmark index. However, Coinbase is expected to be at the lower end of the index, consisting of companies with a weighting between 0.01% and 0.2%. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) registered a decline over the past couple of sessions as buyer exhaustion and selling pressure prevented a move past $105,000. The flagship cryptocurrency started the week on a bearish note and faced substantial volatility on Monday as it fell to a low of $100,692 thanks to selling pressure at higher levels. BTC also encountered considerable profit-taking at higher levels as investors locked in their gains. BTC’s pullback coincided with macroeconomic shifts, including a strengthening US Dollar Index and renewed optimism around a US-China trade deal, boosting equities and leading to considerable profit-booking in crypto. Analysts have pointed out that the $100,000 level remains a crucial psychological and liquidation level, with over $3.4 billion in long-positions exposed to downside risk if selling pressure persists. The level has already been tested on Monday when BTC dropped to a low of $100,692 before rebounding. 

Despite the notable correction, BTC has seen positive developments over the past week. The most significant news surrounding the asset was Michael Saylor announcing that Strategy has acquired 13,390 BTC, taking its total holdings to 568,840 BTC. Meanwhile, Healthcare company KindlyMD announced a merger with Nakamoto Holdings, a Bitcoin investment company founded by David Bailey, President Trump’s current crypto advisor. Following last week’s stellar rally, analysts believe BTC could enter a period of consolidation as profit-taking impacts bullish momentum. Glassnode analysts stated, 

“BTC Supply Mapping shows sustained strength in new demand. First-Time Buyers RSI has held at 100 all week. But Momentum Buyers remain weak (RSI ~11), and Profit Takers are rising. If fresh inflows slow, lack of follow-through could lead to consolidation.”

Major crypto exchanges also recorded a significant jump in selling in perpetual futures markets. Selling was also seen in spot markets as BTC ran into a wall of resistance around $106,000. Mena Theodorou, co-founder of crypto exchange Coinstash, stated, 

“The tariff reduction could see a broader return to risk-on positioning, with crypto and equities both likely to benefit from renewed investor confidence and global capital flows. The rally comes as the macro backdrop takes a positive turn: in a landmark move, the US has struck trade deals with both China and the UK, while Putin and Zelensky are set to meet on Thursday to discuss a potential ceasefire. These developments have lifted risk sentiment globally, crypto included.”

Despite posting a significant rally last week, BTC started in the red, registering a drop of 0.98% on Saturday and 1.66% on Sunday to end the weekend at $94,390. Despite the bearish weekend, the flagship cryptocurrency rebounded on Monday, rising 0.41% to $94,773. Bullish sentiment intensified on Tuesday as BTC rose 2.19% to cross 96,000 and settle at $96,845. A marginal increase on Wednesday allowed BTC to claim $97,000 and settle at $97,013. Bullish sentiment intensified on Thursday as markets rallied after President Trump announced a trade deal with the UK. As a result, BTC soared over 6%, surging past $100,000 and settling at $103,096.

Source: TradingView

The rally cooled on Friday as the price registered a marginal decline to slip below $103,000 and settle at $102,851. Price action turned positive on Saturday as BTC rose almost 2% to $104,617. BTC could not push higher as it ran into a wall of resistance around $105,000. As a result, the price dropped nearly 1% on Sunday and settled at $103,804. BTC encountered volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price dropped over 1% to $102,729, but not before falling to an intraday low of $100,692. The current session sees BTC marginally down as sellers look to drive the price below $100,000. 

Ethereum (ETH) Price Analysis 

Ethereum (ETH)’s stunning rally stalled over the weekend thanks to massive profit-taking from ETH holders. The world’s second-largest cryptocurrency stunned market watchers with a 40% increase, smashing past $2,000 and surging to a high of $2,597 on Saturday. However, it lost momentum after reaching this level and is down nearly 5% over the past 3 days. Open interest has also registered a notable decline, suggesting a reduction in leveraged bets. According to an analysis by analysts at Glassnode, ETH’s rally was supported by a lack of resistance between $1,800 and $2,500. However, the rally stalled just short of $2,600 at a critical level where 1.3 million ETH has amassed. 

“$ETH’s sharp move above $1.8K to $2.5K was aided by the low supply concentration in that range. The rally stalled near $2.58K, where ~1.3M ETH was held. As the price approached this level, the supply fell to 1M, indicating that distribution was near the cost basis as the holders exited.”

In a separate analysis, a CryptoQuant analyst noted that Ethereum’s funding rates, which reflect futures market sentiment, have remained flat, indicating that the spot market, not traders using leverage, accounted for most of last week’s buying pressure. 

As we can see in the price chart, ETH’s price action was muted most of last week until the price action turned bullish on Thursday. The price traded in the red the previous weekend, dropping 0.40% on Saturday and 1.34% on Sunday to settle at $1,810. The price registered a marginal recovery on Monday but was back in bearish territory on Tuesday, falling 0.22% to $1,816. Price action remained bearish on Wednesday, with ETH registering another marginal decline and settling at $1,812. ETH rallied Thursday after Trump announced the US-UK trade deal, surging nearly 22% to cross $2,000 and settle at $2,206.

Source: TradingView

The price raced to an intraday high of $2,489 on Friday as bullish sentiment intensified. However, it could not stay at this level and settled at $2,345, ultimately registering an increase of $2,345. Price action remained bullish on Saturday as ETH rose over 10%, surging past $2,500 and settling at $2,585. However, ETH lost momentum on Sunday, dropping nearly 3% to $2,514. ETH encountered volatility on Monday as buyers attempted a move past $2,600 while sellers tried to drive the price below $2,500. Sellers ultimately gained the upper hand as the price fell almost 1% to $2,496. The current session sees ETH marginally down, trading around $2,480.

Solana (SOL) Price Analysis

Solana (SOL)’s rally stalled around the $175-$180 mark as buyer exhaustion set in, thanks to a wall of resistance at upper levels. However, despite losing momentum, SOL has not ceded ground to the bears, maintaining its position above $170. SOL’s rally coincided with substantial gains in the broader crypto market, as markets rallied thanks to positive macroeconomic developments. Volumes on Solana-based decentralized exchanges have also risen, handling transactions worth over $3.4 billion in the past 24 hours. Upcoming Solana ETF approvals could act as another catalyst and potentially drive SOL past $300.

SOL registered a drop of almost 1% on Saturday (May 3) and 1.81% on Sunday to end the previous weekend at $144. The price found support at this level and rebounded on Monday, rising almost 2% to $146. Sellers attempted to lower the price on Tuesday as SOL fell to an intraday low of $141. However, it recovered from this level to register a marginal increase and reclaim $146. A marginal rise on Wednesday saw SOL move to $147. Bullish sentiment intensified on Thursday, and SOL surged nearly 12% to cross $160 and settle at $164.

Source: TradingView

Buyers retained control on Friday as the price rose over 5%, crossing $170 to settle at $172. SOL continued to push higher on Saturday, increasing nearly 3% to $177. However, it lost momentum after reaching this level and dropped almost 3% on Sunday to settle at $173. The price encountered volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as SOL rose 0.61% to $174, but not before reaching an intraday high of $174. The current session sees SOL marginally down, recovering from a low of $165 and trading at $173.

Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) registered a substantial drop on Saturday (May 3), dropping over 3% and settling at $0.175. Selling pressure persisted on Sunday as the price fell 2.62%, ending the weekend in the red at $0.170. Sellers retained control on Monday as DOGE registered a marginal decline, remaining at $0.170. The price recovered on Tuesday, rebounding from an intraday low of $0.164 to settle at $0.172, ultimately registering an increase of 1%. Buyers retained control on Wednesday as the price rose 0.41% and settled at $0.173. Bullish sentiment intensified on Thursday as the price surged almost 14%, crossing the 20-day SMA and settling at $0.197.

Source: TradingView

DOGE continued to push higher on Friday despite volatility, rising nearly 4%, crossing $0.20 and settling at $0.204. Bullish sentiment intensified on Saturday as the price rallied an incredible 22.25%, shattering key levels and settling at $0.250. However, the world’s most popular meme coin lost momentum on Sunday, dropping almost 8% to $0.231. DOGE started the current week facing volatility as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price dropped from an intraday high of $0.253 and settled at $0.230 after registering a marginal decline. The current session sees the price down nearly 2% and trading at $0.226.

Arbitrum (ARB) Price Analysis

Arbitrum (ARB) registered a substantial decline on Saturday (May 3), dropping nearly 6%, slipping below the 50-day SMA, and settling at $0.319. Bearish sentiment persisted on Sunday as ARB dropped 2.88%, going below the 20-day SMA and settling at $0.310. Despite the bearish sentiment, the price registered a marginal increase on Monday and moved to $0.311. However, ARB was back in the red on Tuesday, dropping almost 1% to $0.308, but recovered on Wednesday, rising 0.81% and settling at $0.310. Price action turned positive on Thursday as markets rallied. As a result, ARB surged nearly 17%, crossing the 20 and 50-day SMAs and settling at $0.362.

Source: TradingView

Buyers retained control on Friday as ARB registered an increase of 4.47% and moved to$0.378. Bullish sentiment intensified on Saturday as ARB surged a staggering 27.88% and moved to $0.484. However, buyers lost momentum after reaching this level, dropping almost 7% and settling at $0.451. ARB faced volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price fell from an intraday high of $0.480 and settled at $0.430, registering a drop of 4.67%. The current session sees ARB down over 1%, trading around $0.426.

Bittensor (TAO) Price Analysis

Bittensor’s (TAO) price action followed a similar trajectory to ARB, dropping nearly 6% on Saturday and 2.53% on Sunday to settle at $344. Despite the overwhelming bearish sentiment, TAO rebounded on Monday, rising over 9% to surge past $350 and settle at $375. However, TAO was back in the red on Tuesday, registering a marginal decline and settling at $373. TAO faced volatility on Wednesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a drop of 1.49% and settled at $367. TAO rebounded on Thursday, rising 15% to surge past $400 and the 200-day SMA, settling at $422.

Source: TradingView

Price action remained positive on Friday as TAO rose 1.75% and settled at $430, but not before reaching an intraday high of $451. Bullish sentiment intensified on Saturday as the price registered an increase of almost 8% and settled at $464. Selling pressure returned on Sunday as TAO fell to an intraday low of $439 before settling at $458, ultimately registering a drop of $458. TAO faced volatility on Monday, rising to an intraday high of $488 and falling to an intraday low of $435 before settling at $456 after a marginal decline. The current session sees TAO marginally up, trading at $460.

Aptos (APT) Price Analysis

Aptos (APT) registered a substantial recovery after plunging to an intraday low of $4.59 on Tuesday. APT started the previous week in the red, dropping 2.57% on Monday, slipping below $5 and settling at $4.97. Bearish sentiment intensified on Tuesday as the price plunged to an intraday low of $4.59 before settling at $4.75, ultimately registering a drop of 4.35%. Despite the overwhelming selling pressure, APT recovered on Wednesday, rising almost 1% and settling at $4.79. Bullish sentiment intensified on Thursday as APT surged over 14%, reclaiming $5, going past the 20 and 50-day SMAs, and settling at $5.48.

Source: TradingView

Buyers retained control on Friday as the price raced to an intraday high of $5.85 before settling at $5.58, ultimately registering an increase of almost 2%. Bullish sentiment intensified on Friday as APT registered an increase of nearly 9% to cross $6 and settle at $6.07. The price reached an intraday high of $6.27 but lost momentum after reaching this level, dropping over 3%, slipping below $6, and settling at $5.88. APT encountered volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a marginal decline and settled at $5.85. The current session sees APT down almost 2%, recovering from an intraday low of $5.50, trading around $5.75.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.