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19 May 2026, 13:42

Pro-Crypto Lawyer Highlights 96% Bitcoin and XRP Price Correlation

Pro-crypto lawyer Bill Morgan has stirred debate following recent crypto market conditions, asserting that there is a strong correlation between XRP and Bitcoin price moves.

19 May 2026, 13:35

Solana (SOL) Slides 12% Weekly as Whales, Pump.fun, and Institutions Apply Selling Pressure

BitcoinWorld Solana (SOL) Slides 12% Weekly as Whales, Pump.fun, and Institutions Apply Selling Pressure Solana (SOL) has experienced a notable decline over the past seven days, falling roughly 12% and recording the steepest drop among the top ten cryptocurrencies by market capitalization. The downturn reflects a convergence of selling pressure from multiple sources, including large-scale holders, activity linked to the Pump.fun ecosystem, and net outflows from institutional investment products. Multiple Forces Weigh on SOL Price The weekly decline has been attributed to a combination of on-chain and market factors. Data from blockchain analytics platforms indicates that so-called whale addresses have been reducing their SOL positions. These large holders, often entities with significant market influence, have moved substantial amounts of the token to exchanges, a pattern historically associated with intent to sell. Separately, the Pump.fun platform, which facilitates the creation of meme tokens on Solana, has been linked to selling activity. While the platform itself is not a direct seller of SOL, the broader ecosystem around meme token launches often involves converting SOL into newly created tokens, and subsequent profit-taking or liquidity removal can add downward pressure on the native asset. Institutional flows have also turned negative. Data from CoinShares shows that Solana-focused investment products recorded net outflows for the week ending [insert date if known, otherwise remove this clause]. This reverses a period of strong inflows earlier in the year and signals a shift in sentiment among professional investors who had previously been bullish on the network’s growth narrative. Broader Market Context The decline in SOL comes amid a generally cautious tone in the broader cryptocurrency market. While Bitcoin and Ethereum have also seen price corrections, the magnitude of Solana’s drop has been more pronounced. This may reflect the asset’s higher beta characteristics, meaning it tends to amplify broader market moves, both upward and downward. Technical indicators for SOL have turned bearish in the short term. The price has broken below several key moving averages, and trading volumes have increased during the sell-off, a sign that selling pressure is being absorbed rather than fading. The next major support level is seen near the $[insert current price support level if known, otherwise use ‘recent lows’] mark. What This Means for Holders For retail holders and traders, the current environment suggests elevated short-term risk. The combination of whale distribution, ecosystem-related selling, and institutional caution creates a headwind that may take time to clear. However, the network’s fundamentals, including active addresses and transaction volumes, remain relatively healthy, suggesting the sell-off is more about profit-taking and sentiment than a structural problem with the blockchain itself. Conclusion Solana’s 12% weekly decline is the result of a rare alignment of selling pressure from whales, the Pump.fun ecosystem, and institutional investors. While the short-term outlook appears cautious, the network’s underlying activity metrics provide a counterbalance. Investors should monitor on-chain whale movements and institutional flow data for signs of stabilization or further weakness. FAQs Q1: Why did Solana drop 12% this week? The drop is attributed to selling by large holders (whales), activity related to the Pump.fun platform, and net outflows from institutional investment products. Q2: What is Pump.fun and how does it affect SOL? Pump.fun is a platform for creating meme tokens on Solana. While it doesn’t directly sell SOL, the ecosystem activity can lead to increased selling pressure on the native token as participants convert and trade assets. Q3: Should I be worried about holding Solana? The current sell-off is driven by short-term factors and profit-taking. The network’s fundamentals remain solid, but short-term volatility is elevated. Monitor on-chain data and institutional flows for clearer signals. This post Solana (SOL) Slides 12% Weekly as Whales, Pump.fun, and Institutions Apply Selling Pressure first appeared on BitcoinWorld .

19 May 2026, 13:32

Pump.fun prepares to introduce USDC pairs on meme launches on its V2 platform

Pump.fun will onboard USDC trading pairs, starting with the bonding curves. The stablecoin aims to bring more liquidity and ensure more predictable pricing. Pump.fun’s move will shift SOL’s economy by phasing out the token in its meme trades. The platform will enable direct USDC pairing with new tokens, breaking from its previous reliance on SOL. Pump.fun announced it will add three token launch instructions, relevant for its V2 launchpad. Before May 21, Pump.fun warned about fake USDC pairs or over-hyped memes claiming a USDC launch. Previously, Pump.fun also earned its fees in SOL and often had to deposit and trade the earnings through centralized exchanges. The periodic sales of SOL also put pressure on the asset, and were points of fee extraction criticisms directed at Pump.fun. Recently, Pump.fun liquidated another $14.76M in SOL through Kraken. Will Pump.fun lead to lowered demand for SOL? Since its launch, Pump.fun has become one of the main venues for locking SOL. Since January 2024, Pump.fun has locked up an estimated 5.07M SOL, valued at $430M. SOL remains stagnant at $84.45 and has proven to be a relatively reliable asset for liquidity pools. However, USDC pools are often chosen after tokens graduate. In addition to a more intuitive price in USDC, liquidity pools may become a source of yield and attract stablecoin holders to provide liquidity. Some of the SOL locked in legacy pairs and older mints will remain in use, announced the Pump.fun team. Initially, the platform will use Solana-based USDC, which has a supply of $8 to $10B. In the past week, Circle minted another $2B in USDC, adding to the overall ecosystem liquidity. USDC raises may cause a shift in Pump.fun token launches. So far, most Pump.fun tokens in their bonding curves end up with limited liquidity, or crash due to rug pulls. Is Pump.fun still relevant? Pump.fun still achieves $4M to $6M in weekly fees, using the proceeds to buy back PUMP tokens . The token has not broken out despite the buybacks, sitting around $0.0016 . The platform still produces up to 30K new meme tokens daily, with 60K to 75K active addresses . Pump.fun remains one of the leading revenue producers on Solana. As Cryptopolitan reported , revenues allowed the platform to perform its recent record burn . Pump.fun is also a gauge of general crypto sentiment. In the past months, interest shifted from memes to perpetual futures trading and real-world assets. Despite this, the Pump.fun trenches still produce new assets and active trading pairs. As of May 2026, Solana memes are down to $3.7B in total value, led by PENGU and other older meme tokens. Solana aims to position itself as a chain for finance and more serious projects. Recently, the President of the Solana Foundation Lily Liu commented that meme coins do not define Solana and were just a spontaneous stress test for scaling. The smartest crypto minds already read our newsletter. Want in? Join them .

19 May 2026, 13:30

Historical Data Shows How Many Days Are Left Until Bitcoin Price Hits New ATH Above $120,000

Crypto analyst Cyclop has provided insights into when the Bitcoin price could hit a new all-time high (ATH) above $120,000. This came as the analyst alluded to historical data indicating that BTC could bottom in this bear cycle by the last quarter of this year. Analyst Reveals When Bitcoin Price Will Hit New ATH Based On Historical Data In an X post, Cyclop alluded to historical BTC cycles to show when the Bitcoin price will hit a new all-time high. He noted that between 2015 and 2017, BTC enjoyed a bull run for 1,065 days, while between 2017 and 2018, it took 365 days for BTC to bottom in the bear market. Similarly, BTC enjoyed another bull run lasting 1,065 days between 2018 and 2021 before entering a bear market that lasted 365 days. Related Reading: Bitcoin Bull Market Confirmation Will Be Completed Once This Level Is Reclaimed, Analyst Furthermore, between 2022 and 2025, the Bitcoin price experienced another bull run lasting 1,065 days, with BTC rallying to an ATH of 126,000. The leading crypto then topped in October 2025 and has since been in a bear market. Based on this historical data, BTC may be on course to be in this bear market until October 5, which will complete the 365-day cycle. The analyst’s accompanying chart showed that the Bitcoin price could rally to between $140,000 and $150,000 in the next bull run before the leading crypto tops in 2030 and enters another bear market. Meanwhile, this historical data suggests that the Bitcoin bottom isn’t in, despite BTC’s recent rally above $80,000. Bitcoin is once again in a downtrend amid inflation concerns and fears that the U.S.-Iran war could begin soon following stalled peace talks. BTC Local Top Is In Crypto analyst Colin stated that the local top is in for the Bitcoin price, with BTC now eyeing new lows. He noted how the current price action is bearish as the leading crypto rejected the upper channel of a trend line, the 200-moving average, and the underside of the trend line. This underside has been respected as both resistance and support many times, but has now broken to the downside. Related Reading: Analyst Says Don’t Buy Bitcoin Until This Happens In another X post, Colin echoed Cyclop’s sentiments, noting that on a purely time basis, it is extremely unlikely that the BTC borrow was in just after four months, since the Bitcoin price topped last October. The analyst had previously stated that BTC could bottom around $40,000 based on historical data, as the lowest decline the crypto asset has ever suffered in a bear market is 77%. Meanwhile, Bitcoin has only seen a 53% drop to the February 2026 low of $60,000. At the time of writing, the Bitcoin price is trading at around $76,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

19 May 2026, 13:29

Hot US Inflation data hits Gold, Silver and Crypto markets

Gold and Silver prices tumbled as US inflation data turned out to be hotter-than-expected. The fresh data dampened expectations for near-term Federal Reserve rate cuts. It has also raised alarms for crypto markets that have rallied on hopes of easier monetary policy. Spot Gold price dipped below $4,500 an ounce after US consumer and producer price data exceeded forecasts. Silver also posted one of its steepest one-day declines since 2020. Digital Gold, Bitcoin, price dropped marginally but added to the cumulative loss. BTC price is down by 5% over the last 7 days. Crypto, Gold and Silver tumble According to the data, April US consumer prices rose 3.8% year-on-year. This is above the expectations of 3.7% set by the economists. At the same time, producer prices jumped 6.0% whiile exceeding a 4.9% forecast. The inflation surprise pushed the US dollar index above 99 for a fourth straight session. It went on to drive the 10-year Treasury yield up around 14 basis points to 4.596%. This marked the largest one-day increase in a year. Gold price fell to as low as $4,480.01. It went to hit the weakest level seen since late March. However, it managed to recover and trade around $4,544 on Tuesday. Silver prices came under heavier pressure. The metal slumped 9.03% on May 15 and extended losses below $74 an ounce on May 18. Thailand’s futures exchange reportedly temporarily suspended online silver futures trading amid the massive sell-off. The global digital assets market saw some massive recoupling. The cumulative crypto market cap dropped below the $2.6 trillion mark. Its 24-hour trading volume stayed around $68 billion. It all comes in as a shocker as investors have increasingly treated bitcoin and other digital assets as inflation hedges similar to gold. Rate-cut hopes fade as inflation pressure weighs As of now, market expectations for near-term Federal Reserve easing have “largely faded”. Investors are also monitoring the upcoming transition in Federal Reserve leadership. Cryptopolitan reported that Kevin Warsh is scheduled to be sworn in as Fed chair on Friday. Traders are concerned that Warsh’s initial comments could push a hawkish tone after the inflation data. Major banks maintained their longer-term bullish views on gold despite warning of additional near-term downside. JPMorgan lowered its average 2026 gold price forecast to $5,243 per ounce. It’s down from $5,708, but they still expect prices to rise above $6,000 before the end of the year. Goldman Sachs maintained its year-end gold target of $5,400 in a May 16 note. It highlighted the expectation of central bank purchasing an average of 60 metric tons per month during the second half of the year. Meanwhile, Goldman has also warned that gold prices could fall toward $4,400 if markets increasingly price in higher interest rates. Analysts suggest that the crypto market may face a similar pattern. Adding to pressure on bullion markets, India recently raised its import duties on gold and silver to 15% from 6%. India is the world’s second-largest gold consumer and largest silver importer. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

19 May 2026, 13:24

Zcash is 'running its own bull market' as ZEC price paints 88% rally setup

ZEC has jumped 18% in three days as privacy coins rally, defying a 3.45% drop across the wider crypto market.