Cryptonews

The Market Value to Realized Value (MVRV) ratio helps determine if an asset is over or undervalued. A ratio over 1 generally suggests overvaluation, while a ratio under 1 suggests undervaluation.

On May 16th, a crypto analyst known as Crypto Chan pointed out that Bitcoin’s current MVRV ratio is showing a pattern similar to the 2018 bear market. In 2018, Bitcoin experienced a final price drop after the MVRV ratio first fell to around 1.15, briefly rose to 1.63, and then ultimately declined to its lowest point.

The executives who run the digital asset empires have already been scribbling frantic memos and giving soft-focused interviews, their voices warm with the kind of cautious optimism that only comes after years of being told your entire industry is a scam for money laundering and a threat to the stability of the global financial system. They call the committee’s approval a step in the right direction, a sign that the United States might finally be ready to stop treating crypto like a feral raccoon that snuck into the kitchen and is now trying to eat the silverware, and start treating it like, well, a thing that can be taxed, regulated, and folded into the great, messy tapestry of modern finance. It is a small victory, they say, but a victory nonetheless-though none of them are willing to admit out loud that most of the people cheering loudest right now will be crying into their energy drinks if the bill dies in committee next week.

Litecoin is currently trading between $50 and $60, struggling to break above the $60 mark. Analysts on TradingView note that the price consistently bounces between $57 and $60, making this range a key area to watch for its next move.

With Republicans controlling 53 seats in the Senate, at least seven Democrats would have to vote with them for the bill to pass.

Spot Ethereum ETFs continued to struggle, experiencing a completely negative trading week with no days showing a profit.

Chinese authorities shut down nine illegal call centers and arrested 276 people involved in fraud schemes, according to the Ministry of Public Security.

Intesa Sanpaolo, the big cheese of Italian banking, went from $100 million to $235 million in crypto holdings in a few months. That’s like going from a Vespa to a Ferrari in the crypto world. According to Criptovaluta.it, they’re now into Ethereum, Bitcoin, and even derivatives. Because why stop at one risky bet when you can make a dozen?

At the Consensus Miami conference, Charles Hoskinson framed the move to quantum-resistant technology as a firm engineering goal, rather than a far-off concern. He explained that Cardano is actively implementing lattice-based cryptography to ensure its fundamental systems are ready for the future when quantum computers become a reality.

Alts in the big‑cap arena? They’re doing the classic “one last‑minute jog and then benched for the day” routine. Only the privacy coins are throwing in their hat into the ring and pulling off an impressive comeback (and a couple of high‑five emoji). You know, because silence is a thing.

On May 15, a Twitter account belonging to the anonymity-loving Santiment Intelligence had the luxury of posting a chart that looked like a sunburst during a solar eclipse. They claimed the crowd’s sentiment had peaked at a level that would make a goldfish feel nostalgic. In plain English: everyone thinks Bitcoin is about to become a country, no joke.