CryptMarket Analysis — 5-10-18
The crypto market is experiencing robust bullish momentum as Bitcoin breaks above $120,000, driven by record open interest in futures, strong ETF inflows, and intensified investor accumulation. The positive sentiment is amplified by US government fiscal uncertainty due to the shutdown, which delays economic data and increases bets on Fed rate cuts, further boosting risk assets and liquidity expectations. Altcoins, including Filecoin and BNB, are outperforming, helped by reduced gas fees and positive institutional investment flows, while DeFi tokens like AAVE hit new highs as the sector reaches record $219B TVL. Overall, regulatory and macroeconomic tailwinds are fueling a powerful rally, positioning crypto markets for further advances in October.