Here’s a quick recap of the crypto landscape for Monday (May 26) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$107,203 as markets closed, down 2.2 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$106,802 and a new all-time high of US$110,078.
Bitcoin performance, May 26, 2025.
Chart via TradingView
Ethereum (ETH) finished the trading day at US$2,554.49, a 2.0 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$2,493.61 and saw a daily high of US$2,586.26.
Altcoin price update
- Solana (SOL) closed at US$177.55, up 3.4 percent over 24 hours. SOL experienced a low of US$169.90 and a high of US$178.34.
- XRP is trading at US$2.29, reflecting a 1.6 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.28 and a high of US$2.35.
- Sui (SUI) is priced at US$3.59, showing an increaseof 1.6 percent over the past 24 hours. It achieved a daily low of US$3.47 and a high of US$3.65.
- Cardano (ADA) is trading at US$0.7576, up 3.1 percent over the past 24 hours. Its lowest price of the day was US$0.7361, and it reached a high of US$0.7748.
Today’s crypto news to know
Could soaring debt send Bitcoin to US$1 million by 2030? Market heavyweights think so
Some of the most prominent voices in finance are sounding bullish on Bitcoin, predicting it could breach the US$1 million mark by the end of the decade.
ARK Invest CEO Cathie Wood sees BTC hitting US$1.5 million by 2030 in a high-conviction ‘bull case’ scenario, attributing this surge to institutional adoption and Bitcoin’s unique monetary properties.
Similarly, financial author Robert Kiyosaki has echoed the million-dollar prediction, linking it to surging U.S. debt and potential economic collapse, which he says will push investors toward safe-haven assets like Bitcoin, gold, and silver.
“I strongly believe, by 2035, that one Bitcoin will be over US$1 million, Gold will be US$30,000, and silver US$3,000 a coin,” Kiyosaki posted on X.
“We have been quite bullish over the last five or six weeks. We have been bearish coming out of the Trump inauguration in February, but we turned quite bullish,” 10x Research CEO Markus Thielen similarly posted on the same platform.
If momentum continues, 2025 could mark Bitcoin’s most aggressive bull run to date. Still, volatility remains a key wildcard, especially as political and macroeconomic dynamics evolve.
Pakistan dedicates 2,000 MW to Bitcoin mining and AI infrastructure
Pakistan’s finance ministry announced that it will allocate 2,000 megawatts of electricity to power bitcoin mining and AI data centers.
The initiative is spearheaded by the government-backed Pakistan Crypto Council and is part of a national plan to monetize surplus electricity and modernize the economy.
With excess generation capacity and rising solar adoption straining the grid, the country is seeking new ways to use otherwise wasted energy. Officials say the plan will not only alleviate grid imbalances but also create tech-focused jobs and attract foreign investment.
This marks one of the most ambitious state-backed crypto infrastructure moves by a developing country to date.
If successful, it could help position Pakistan as a regional hub for digital assets and artificial intelligence development. It also comes amid wider energy reforms aimed at revitalizing the nation’s troubled power sector.
Trader Behind US$1 billion Bitcoin bet goes all-in on PEPE memecoin
Pseudonymous trader “James Wynn,” better known as “moonpig” on the decentralized exchange Hyperliquid, has become one of the most talked-about crypto traders after flipping from a billion-dollar Bitcoin long to a US$1 million leveraged bet on memecoin PEPE.
Just days ago, Wynn closed a record US$1.2 billion BTC long with a US$17.5 million loss, then doubled down on a US$1 billion short using 40x leverage, netting US$3 million as BTC dipped.
After posting about US$25 million in total profit from his trading spree, Wynn announced he’s walking away from perpetuals altogether.
His latest PEPE trade, however, has already gained US$500,000 as the token jumped 6 percent in just a few hours.
The on-chain transparency of Wynn’s trades has captivated Crypto Twitter, turning him into a meme icon himself.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
