The total crypto market cap attained its highest value in November 2021, when the value rallied to $3.05 trillion at the peak of the bull run. Since then, that value has retraced, dropping as low as $826 billion in December 2022.

As of writing, the $1.16 trillion total crypto market cap on CoinGecko comprised the individual market caps of 10,240 tokens in 103 categories across 745 exchanges.

Given the historical pattern of Bitcoin development, an analyst on crypto Twitter with the identity TechDev has observed the Bitcoin price would reach between $160,000 and $180,000 by December 2023.

Some users think 2023 is too early and project 2025 for the cycle completion.

Bitcoin will reach $180,000 by December 2023 following historical price cycles, TechDev predicts.

The price movement has recovered off the 21-day MA with massive green candlesticks, indicating that there may still be some positive enthusiasm in the market.

With readings of $8.17082294 and $8.45160448, the 21-day moving average (white) falls below the 100-day moving average (blue). This movement shows that APT’s bullishness is losing steam, and a possible negative trend is brewing.

The positive trend in the APT/USD market is set to continue, with a Chaikin Money Flow (CMF) rating of 0.05 and going higher. If the CMF rises further, it may imply further purchasing pressure, driving the market even higher.

Romanian Bitcoiner makes Guinness World Records history on Bitcoin Pizza Day 2023.

Daniel Nita bought 10,000 pizzas with only a single Bitcoin in Romania.

While the number of addresses climbed on Solana, the altcoin’s price declined.

On-chain activity on the Solana (SOL) blockchain dropped in the month of May.

Solana has recorded more than five million new addresses in May 2023.

The U.S. Dollar Index (DXY), which had been rising for the past three days, turned down on May 19 after Federal Reserve Chair Jerome Powell hinted at an end to the rate hikes. While speaking at a conference in Washington D.C., Powell said that stresses in the banking system may restrict the need to raise rates as high as they “would have otherwise to achieve our goals.”

The United States stock market recovered sharply on May 17 and May 18 on hopes that the debt ceiling agreement could be reached, but the market gave back some of its gains on May 19 on reports of a temporary halt in the talks.

A bug in an older version of crypto lending protocol Aave is blocking users from interacting with Wrapped Ether (WETH), Tether (USDT), Wrapped Bitcoin (WBTC) or Wrapped Matic (WMATIC) pools on Aave v2 Polygon, preventing assets from being withdrawn from them, according to a May 19 proposal that attempts to fix the bug through a patch. The proposal says that users are currently unable to “supply more of those assets, borrow, repay, or withdraw.“

Throughout the past day, INJ’s 24-hour trading volume saw an increase of more than 50%, and as a result it stood at $91,984,880 at press time. Its market cap of $562,948,699 meant that it was ranked as the 72nd biggest crypto in terms of market capitalization.

In addition to this, INJ succeeded in strengthening against the two market leaders, Bitcoin (BTC) and Ethereum (ETH) by about 6.26% and 5.80% respectively. The altcoin’s increase also succeeded in pushing its weekly performance even further into the green as, at press time, INJ was up 18.22% over the past seven days.

Over the past 24 hours of trading, Injective (INJ) earned itself a spot on CoinMarketCap’s trending list after a price increase of more than 5% during this period. As a result, INJ was trading at just over $7, close to its daily high of $7.18.

While investors rejoice at the price gain, RNDR’s market capitalization increased by 3.00%, hitting a remarkable $890,688,844.