Ethereum retakes 10% market share, but ETH bulls shouldn't celebrate yet

Key takeaways:

Ethereum’s market dominance has hit overbought RSI levels not seen since May 2021, historically followed by major pullbacks.

ETH/USD is showing a bearish divergence on the four-hour chart, hinting at a potential 10–15% price correction.

Despite the near-term risks, some analysts view a pullback as a “buy-the-dip” setup before a possible move toward $3,500–$3,800.

Ether (ETH) has surged over 50% month-to-date in May, vastly outperforming the broader crypto market’s 15.25% gain. The rally has pushed Ethereum’s market dominance (ETH.D) toward the critical 10% threshold for the first time since March.

But the rising dominance accompanies signs of overheating, indicating that Ethereum bulls should not celebrate the rally just yet.

Ether’s RSI most overextended since May 2021

The strong recovery in Ethereum’s crypto market share has pushed its daily relative strength index (RSI) to its most overbought zone since May 2021, raising red flags for traders

Read More at https://cointelegraph.com/news/ethereum-retakes-10-market-share-eth-bulls-shouldnt-celebrate?utm_source=rss_feed&utm_medium=rss%3F_ts%3D1747234951&utm_campaign=rss_partner_inbound

Ethereum retakes 10% market share, but ETH bulls shouldn't celebrate yet

Key takeaways:

Ethereum’s market dominance has hit overbought RSI levels not seen since May 2021, historically followed by major pullbacks.

ETH/USD is showing a bearish divergence on the four-hour chart, hinting at a potential 10–15% price correction.

Despite the near-term risks, some analysts view a pullback as a “buy-the-dip” setup before a possible move toward $3,500–$3,800.

Ether (ETH) has surged over 50% month-to-date in May, vastly outperforming the broader crypto market’s 15.25% gain. The rally has pushed Ethereum’s market dominance (ETH.D) toward the critical 10% threshold for the first time since March.

But the rising dominance accompanies signs of overheating, indicating that Ethereum bulls should not celebrate the rally just yet.

Ether’s RSI most overextended since May 2021

The strong recovery in Ethereum’s crypto market share has pushed its daily relative strength index (RSI) to its most overbought zone since May 2021, raising red flags for traders

Read More at https://cointelegraph.com/news/ethereum-retakes-10-market-share-eth-bulls-shouldnt-celebrate?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Top South Korean presidential hopefuls support legalizing Bitcoin ETFs

South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country’s top presidential candidates have expressed pro-crypto positions.

Still, some industry observers remain cautious about the likelihood of near-term regulatory change.

“All three major South Korean presidential candidates support #Bitcoin ETFs and institutional investment,” Ki Young Ju, the founder and CEO of onchain data platform CryptoQuant, wrote in a May 14 X post.

Currently, Bitcoin ETFs and institutional crypto investments are banned in South Korea, meaning that “100% [of the] volume comes from retail,” Ju added.

From left: Democratic Party of Korea presidential candidate Lee Jae-myung, People Power Party presidential candidate Kim Moon-soo and New Reform Party presidential candidate Lee Jun-seok. Source: Ki Young Ju

Related: Bitcoin more of a ‘diversifier’ than safe-haven asset: Report

On May 6, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/south-korean-presidential-front-runner-pledges-approve-crypto-etfs" rel="null"

Read More at https://cointelegraph.com/news/south-korean-presidential-candidates-support-bitcoin-etfs?utm_source=rss_feed&utm_medium=rss%3F_ts%3D1747234951&utm_campaign=rss_partner_inbound

Top South Korean presidential hopefuls support legalizing Bitcoin ETFs

South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country’s top presidential candidates have expressed pro-crypto positions.

Still, some industry observers remain cautious about the likelihood of near-term regulatory change.

“All three major South Korean presidential candidates support #Bitcoin ETFs and institutional investment,” Ki Young Ju, the founder and CEO of onchain data platform CryptoQuant, wrote in a May 14 X post.

Currently, Bitcoin ETFs and institutional crypto investments are banned in South Korea, meaning that “100% [of the] volume comes from retail,” Ju added.

From left: Democratic Party of Korea presidential candidate Lee Jae-myung, People Power Party presidential candidate Kim Moon-soo and New Reform Party presidential candidate Lee Jun-seok. Source: Ki Young Ju

Related: Bitcoin more of a ‘diversifier’ than safe-haven asset: Report

On May 6, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/south-korean-presidential-front-runner-pledges-approve-crypto-etfs" rel="null"

Read More at https://cointelegraph.com/news/south-korean-presidential-candidates-support-bitcoin-etfs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Decentralized OORT AI data hits top ranks on Google Kaggle

An artificial intelligence training image data set developed by decentralized AI solution provider OORT has seen considerable success on Google’s platform Kaggle.

OORT’s Diverse Tools Kaggle data set listing was released in early April; since then, it has climbed to the first page in multiple categories. Kaggle is a Google-owned online platform for data science and machine learning competitions, learning and collaboration.

Ramkumar Subramaniam, core contributor at crypto AI project OpenLedger, told Cointelegraph that “a front-page Kaggle ranking is a strong social signal, indicating that the data set is engaging the right communities of data scientists, machine learning engineers and practitioners.“

Max Li, founder and CEO of OORT, told Cointelegraph that the firm “observed promising engagement metrics that validate the early demand and relevance” of its training data gathered through a decentralized model. He added:

“The organic interest from the community, including active usage and contributions — demonstrates how decentralized,

Read More at https://cointelegraph.com/news/oort-decentralized-ai-dataset-climbs-kaggle-rankings?utm_source=rss_feed&utm_medium=rss%3F_ts%3D1747234951&utm_campaign=rss_partner_inbound

Decentralized OORT AI data hits top ranks on Google Kaggle

An artificial intelligence training image data set developed by decentralized AI solution provider OORT has seen considerable success on Google’s platform Kaggle.

OORT’s Diverse Tools Kaggle data set listing was released in early April; since then, it has climbed to the first page in multiple categories. Kaggle is a Google-owned online platform for data science and machine learning competitions, learning and collaboration.

Ramkumar Subramaniam, core contributor at crypto AI project OpenLedger, told Cointelegraph that “a front-page Kaggle ranking is a strong social signal, indicating that the data set is engaging the right communities of data scientists, machine learning engineers and practitioners.“

Max Li, founder and CEO of OORT, told Cointelegraph that the firm “observed promising engagement metrics that validate the early demand and relevance” of its training data gathered through a decentralized model. He added:

“The organic interest from the community, including active usage and contributions — demonstrates how decentralized,

Read More at https://cointelegraph.com/news/oort-decentralized-ai-dataset-climbs-kaggle-rankings?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin more of a ‘diversifier’ than safe-haven asset: Report

Bitcoin’s fluctuating correlation with US equities is raising questions about its role as a global safe-haven asset during periods of financial stress.

Bitcoin (BTC) exhibited a strong negative correlation with the US stock market when analyzing the short-term, seven-day trailing correlation, according to new research from blockchain data provider RedStone Oracles, shared exclusively with Cointelegraph.

Bitcoin, S&P 500, 7-day rolling correlation. Source: Redstone Oracles

However, RedStone said that the 30-day indicator signals a “variable correlation” between Bitcoin price and the S&P 500 index, with the correlation coefficient ranging from -0.2 to 0.4.

This fluctuating correlation suggests that Bitcoin “doesn’t consistently function as a true hedge for equities” due to its lack of a strong negative correlation below -0.3, which is needed for “reliable counter movement during market stress,” the report said.

Bitcoin, S&P 500, 30-day rolling correlation, 1-year chart. Source: Redstone Oracles

Related: $1B Bitcoin exits

Read More at https://cointelegraph.com/news/bitcoin-stock-correlation-safe-haven-portfolio-diversifier?utm_source=rss_feed&utm_medium=rss%3F_ts%3D1747234951&utm_campaign=rss_partner_inbound

Bitcoin more of a ‘diversifier’ than safe-haven asset: Report

Bitcoin’s fluctuating correlation with US equities is raising questions about its role as a global safe-haven asset during periods of financial stress.

Bitcoin (BTC) exhibited a strong negative correlation with the US stock market when analyzing the short-term, seven-day trailing correlation, according to new research from blockchain data provider RedStone Oracles, shared exclusively with Cointelegraph.

Bitcoin, S&P 500, 7-day rolling correlation. Source: Redstone Oracles

However, RedStone said that the 30-day indicator signals a “variable correlation” between Bitcoin price and the S&P 500 index, with the correlation coefficient ranging from -0.2 to 0.4.

This fluctuating correlation suggests that Bitcoin “doesn’t consistently function as a true hedge for equities” due to its lack of a strong negative correlation below -0.3, which is needed for “reliable counter movement during market stress,” the report said.

Bitcoin, S&P 500, 30-day rolling correlation, 1-year chart. Source: Redstone Oracles

Related: $1B Bitcoin exits

Read More at https://cointelegraph.com/news/bitcoin-stock-correlation-safe-haven-portfolio-diversifier?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

How to spot a fake crypto investment platform: 10 red flags

Key takeaways

Fake crypto investment platforms give themselves away in a few obvious ways.

Many use fake reviews, incorrect contact information and unrealistic promises to lure you in.

The best approach is a healthy dose of skepticism. Watching for these red flags will keep you safe while investing.

The burgeoning cryptocurrency market, with its lack of centralized authority and a constant flow of inexperienced users, makes digital assets a prime target for scammers. Fake crypto investment platforms are a common scam method, masquerading as useful services for crypto traders.

Before signing up for any crypto investment platform, it’s essential to learn the telltale signs of a scam. 

This article will detail what to watch out for and how to verify if a crypto investment platform is legitimate. These tips will teach you how to avoid crypto scams. 

Did you know? The FTC hosts a crypto scam detection

Read More at https://cointelegraph.com/news/how-to-spot-a-fake-crypto-investment-platform-10-red-flags?utm_source=rss_feed&utm_medium=rss%3F_ts%3D1747234951&utm_campaign=rss_partner_inbound

How to spot a fake crypto investment platform: 10 red flags

Key takeaways

Fake crypto investment platforms give themselves away in a few obvious ways.

Many use fake reviews, incorrect contact information and unrealistic promises to lure you in.

The best approach is a healthy dose of skepticism. Watching for these red flags will keep you safe while investing.

The burgeoning cryptocurrency market, with its lack of centralized authority and a constant flow of inexperienced users, makes digital assets a prime target for scammers. Fake crypto investment platforms are a common scam method, masquerading as useful services for crypto traders.

Before signing up for any crypto investment platform, it’s essential to learn the telltale signs of a scam. 

This article will detail what to watch out for and how to verify if a crypto investment platform is legitimate. These tips will teach you how to avoid crypto scams. 

Did you know? The FTC hosts a crypto scam detection

Read More at https://cointelegraph.com/news/how-to-spot-a-fake-crypto-investment-platform-10-red-flags?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound