Cryptocurrency
Analysts Eye Recovery as Crypto Markets Bounce 12%

Total crypto market capitalization has topped $2 trillion again following an epic slump wiping $500 billion out of the space in less than a week.
The figure fell to $1.83 trillion on August 5 as Bitcoin tumbled below $50,000 and Ethereum tanked 23% in a day to below $2,200.
However, that total cap figure has gained 12% since that dip, returning to $2.06 trillion at the time of writing.
Time For a Recovery?
Nevertheless, crypto markets have fallen to a six-month low, but analysts are already talking about a recovery. In a post on X on Aug. 6, MN Consultancy founder Michaël van de Popp said, “This correction today can ultimately lead to the bear trap of this cycle.”
He added that the massive capitulation event caused $1.2 billion in leveraged positions to be wiped out of the markets.
Meanwhile, Crypto Capital Venture founder Dan Gambardello opined:
“Many people think it’s the end for crypto, and I’m sitting here waiting patiently for the bull market to begin, still right on schedule.”
Primitive Crypto founder Dovey Wan said that “the dump feels a mix taste of 2020 March 20, and 2021 May 20.”
March 2020 was the pandemic-induced back swan event, and May 2021 saw a mid-bull run correction due to a leverage flush.
This dump feels a mix taste of 2020 March 20 and 2021 May 20
– 2020 march flavor, macro was caught off guard. Ask around marco fund and those who are deep in JPY carry trade in HK, most didn’t expect it at all. Some China focused hedge fund risk off and de-lev a lot last week…
— Dovey “Rug the fiat” Wan (hiring) (@DoveyWan) August 5, 2024
Trader Alex Krüger echoed the sentiment in a post on X on Aug. 6, stating that it was closer to March 2020.
“As altcoins almost all dead now, so we start afresh with the new easing cycle … without expecting the wild performance of 2020-21.”
The crypto crash this time around was not driven by anything crypto-related. Macroeconomic factors, especially due to central bank action in Japan, sent shockwaves through traditional markets across the world.
However, crypto, being a higher-risk asset class, suffered greater losses. With that in mind, crypto markets could bounce back faster than traditional ones.
Comparing to Previous Cycles
Others, such as veteran trader Peter Brandt and ITC Crypto founder Benjamin Cowen, compared the big dump to previous cycles when previous plunges occurred.
Brandt said that the same thing happened after the 2016 halving when BTC retraced 27% and compared it to the 26% correction after the 2024 halving.
Cowen compared it to the 2019 market cycle, when crypto assets surged for the first half of the year and tanked for the second half.
Bitcoin has now corrected 33% from its all-time high to its 2024 low of just below $50,000. Compared to previous cycle pullbacks of 50% or more, it is still very minor.
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Cryptocurrency
Edgen Launches “AI Super App,” Democratizing Institutional-Grade Crypto Market Intelligence

[PRESS RELEASE – Hong Kong, Hong Kong, May 14th, 2025]
Edgen ends its invite-only phase, launches globally as the first AI super app to unify trading insight, social signal, and real-time on-chain analytics into one platform.
Edgen, the AI-native market intelligence platform designed to restore informational edge in the age of noise, today announced its public release. Following a closed beta with over a million data being analyzed daily, Edgen is now accessible to all without invite codes, waitlists, or onboarding gates.
Dubbed the “AI Super App” for market intelligence, Edgen merges real-time social sentiment, on-chain analysis, and modular, specialized AI agents into a single AI-native workflow, giving retail traders and independent analysts the tools and clarity once reserved for hedge funds and quant desks.
Backed by Framework Ventures, North Island Ventures, Portal Ventures, Hivemind Capital Partners, and Moonrock Capital, Edgen introduces a new intelligence framework for navigating markets: an always-on, modular reasoning engine for traders, capable of parsing live markets, detecting signals before they trend, and enabling conviction where once there was chaos.
”We built Edgen to help traders make smarter decisions, faster. It gathers insights from the entire market and from everyone, learns from them, and gives them an edge. Markets move fast. Edgen helps people move faster and smarter. When information is everywhere, what matters most is how fast you can turn it into conviction. That’s what Edgen unlocks,” said Sean Tao, Cofounder of Edgen.
The Mental Infrastructure for Smart Money
Markets today are not won by access to data, but by the ability to reduce complexity into clarity, faster than consensus. In a trading environment increasingly shaped by narrative cycles, virality, and social-driven volatility, Edgen offers an intelligence operating system, one that fuses structured AI orchestration, speed, and execution with human pattern recognition and intuition.
“If Bloomberg Terminal were invented today for a generation raised on Discord, DeFi, and ChatGPT, it would look like Edgen,” Sean added.
Edgen is built on a proprietary Efficient Decision Guidance Model (EDGM)—a lightweight, real-time system that intercepts user queries, identifies intent, and routes them through a stack of specialized agents and relevant data sources. Rather than relying on a monolithic and rigid LLM, Edgen dynamically coordinates smaller tools, models, and data sources in parallel, creating answers that are faster, cheaper, and optimized for the crypto-native environment.
This routing system is what makes Edgen not just fast, but contextually intelligent. It knows when to pull on-chain data, when to surface X/Twitter sentiment, when to highlight smart money flows, and when to do all three at once.
From Tool to Network: Edgen as Collective Cognition
Edgen offers users four core interfaces: real-time Search, momentum Radar, crowd-sourced Insight feeds, and a dynamic crowdsourced intelligence layer known as “Aura”. These modules do not exist in isolation, they are stitched together by EDGM to form a continuous perception loop.
Every search query, every published call, and every response reinforces the system. In this way, Edgen behaves not as a platform, but as a distributed learning brain, one trained not by engineers, but by the most attuned minds in the market.
This architecture includes a Cognitive Layer (query parsing and tool routing with EDGM), an Agentic Layer (modular agents for TA, macro, on-chain, and social signal interpretation), and a planned Execution Layer, which will allow AI-generated insights to translate directly into trade execution or smart contract interaction.
“Imagine spotting a sudden spike in a microcap token. Edgen Search gives you an instant TLDR of its utility, recent smart wallet buys, and who’s talking about it on Twitter, all in one click,” said Sean.
Aura: A Crowdsourced Intelligence Layer for the Intelligence Economy
Edgen’s vision is not to replace human judgment, but to amplify it. Every question asked, every insight shared, contributes to the platform’s intelligence. The more users engage, the more refined and valuable Edgen becomes, creating a self-reinforcing loop of market understanding.
Unique to Edgen is its incentive mechanism. Aura is a non-tradable metric that tracks a user’s insight contributions, predictive accuracy, and impact within the ecosystem. It operates as a kind of proof-of-intelligence, ranking those who identify signals before the market does.
“The real arms race in crypto trading isn’t for blockspace. It’s for information asymmetry, attention, synthesis, and decision velocity. Edgen is how we give individuals an institutional lens without replicating institutional baggage”, Sean continued.
Aura is earned in two primary ways: by training the AI through verified high-quality insight, or by distributing that insight and triggering real user engagement. These contributions are scored through a three-tier process involving automated model review, community rating, and expert verification.
This system allows Edgen to transform every high-quality market thesis, meme-framed call, or chain-driven analysis into live training data, creating an AI that reflects the instincts of real traders, not corporate abstractions.
A Platform Designed for a Smarter Future
Edgen marks the beginning of a new infrastructure layer for financial cognition. Looking ahead, Edgen releases the Edgentic Marketplace, a permissionless environment where third-party developers can publish AI agents, custom workflows, and strategy modules built atop Edgen’s multi-agent infrastructure. This isn’t just about empowering traders. It’s about democratizing institutional-grade tools and unlocking them for everyone from digital asset holders to the crypto curious, giving all participants a path to think, act, and evolve like smart money.
About Edgen
Edgen is the leading AI-powered market intelligence operating system in the crypto space. Through its proprietary Efficient Decision Guidance Model (EDGM), the platform transforms high barrier institutional-grade strategies into universally accessible smart tools. Pioneering the “Cognition-as-a-Service” (CaaS) architecture, Edgen integrates modular AI agents, real-time social sentiment analysis, and on-chain analytics to empower retail traders and independent analysts to navigate crypto markets with institutional-grade precision.
Backed by crypto-native funds such as Framework Ventures and North Island Ventures, Edgen’s technical team combines former Wall Street quantitative trading experts and core Web3 protocol developers, collectively building the cognitive infrastructure for next-generation open finance.
Website: https://www.edgen.tech/
X/Twitter: https://x.com/EdgenTech
Media contact: press@edgen.tech
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Cryptocurrency
Ethereum (ETH) Flies to 11-Week High, Bitcoin (BTC) Rejected at $105K (Market Watch)

Bitcoin’s price actions remained relatively dull even though the US CPI numbers came out yesterday and were slightly lower than expected.
Many altcoins have notched impressive gains over the past 24 hours, with RAY and ENA leading the pack from the largest 100.
BTC Maintains $103K
The primary cryptocurrency enjoyed the beginning of May as its price finally conquered the $100,000 level last Thursday, and it hasn’t looked back since. It kept climbing even during the weekend, but the culmination transpired on Monday when the US and China announced a tariff pause. At the time, BTC skyrocketed to almost $106,000, which became a new multi-month peak.
However, the bears finally intervened at this point and didn’t allow an attempt for an all-time high. Just the opposite; BTC started losing value and dropped below $101,000 on Monday evening.
It didn’t stay there for long and bounced to around $103,000 yesterday. The aforementioned better-than-expected US CPI numbers for April failed to result in immediate price volatility, but BTC still challenged $105,000 in the evening to no avail.
Since then, the asset has lost nearly two grand and fights to stay above $103,000. Its market cap is well above $2.050 trillion on CG, while its dominance over the alts has taken a beating and is down to 59.1%.
ETH at $2.6K
Ethereum has completely reversed its sluggish and disappointing performance at times in the past week or so. It has jumped by another 4.5% in the past 24 hours and now sits close to $2,600 after surging to a new multi-month peak of almost $2,750 earlier today.
Other notable gainers from the larger-cap alts today include SOL, DOGE, TRX, AVAX, and PI. RAY, ENA, and MKR have surged by double-digit price increases, while WIF has dropped the most since yesterday by losing 5% of value.
The total crypto market cap has recovered over $60 billion since yesterday and is above $3.460 trillion on CG.
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Cryptocurrency
Ethereum’s 49% Rally in 6 Days Catches Doubters Off Guard: Santiment

Ethereum (ETH) has roared back into the spotlight with a vengeance, surging over 49% in just 6 days to briefly flash past $2,700, a price point not seen since February 23.
The rally, which began on May 7 after ETH bottomed near $1,800, has reignited talk of the long-dormant “flippening” narrative, in which Ethereum could overtake Bitcoin (BTC) in market capitalization.
From FUD to FOMO
According to a May 13 report from Santiment, Ethereum’s six-day run, which took it from under $1,800 to over $2,700, marked one of the sharpest rebounds in recent memory and triggered a dramatic shift in sentiment.
Analyst Brian Q partly attributed the turnaround to crypto’s deeply irrational crowd behavior. He noted that just a week ago, social media was rife with jokes about Ethereum’s underperformance, with bearish price calls for ETH dominating online conversations between May 6 and 7 as the asset lagged behind rivals.
However, once the rally started on May 8, the mood flipped dramatically, as retail traders scrambled to justify entry points, with some speculating on the altcoin going to $3,500 and beyond.
“We can really see how price calls across social media have done a complete 180 as doubters have been silenced by Ether’s rally,” wrote Brian Q.
Santiment also noted how years of underperformance had conditioned the market to dismiss Ethereum, only for the world’s second-largest cryptocurrency by market cap to pump when least expected.
“With dismissal from the crowd,” the report stated, “comes massive pumps that blindside the doubters.”
Institutional Moves and On-Chain Signals
Interestingly, the rally coincided with aggressive accumulation by some institutional players. On-chain tracker Lookonchain reported that in the last week, London-based Abraxas Capital bought 242,652 ETH worth some $561 million, with 185,309 ETH valued at $400 million plucked from exchanges in just 72 hours.
Experts say ETH’s price action is more than just a short squeeze, with analyst Rekt Capital pointing out that the cryptocurrency closed last week at $2,514, officially reclaiming its macro $2,200 to $3,900 range lost in the first quarter of 2025.
“Any dips, if needed at all, would only solidify $2,200 as range-low support,” he wrote on May 12, while also highlighting the asset’s attempts to fill a macro CME gap between $2,900 and $3,350.
Adding to Ethereum’s strength is the surprisingly low network fee environment. Previously, Santiment noted that average transaction fees remain around $0.84, well below the $7+ seen six months ago, removing a common barrier to adoption.
However, cautious voices have warned that the current trading zone between $2,400 and $2,700 could be a consolidation phase before the next leg up or a possible shakeout. According to Daan Crypto Trades, if momentum falters, there may be a possible retest down to $2,300 or even $2,100.
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