Bitcoin Surges Past $105K, Dogecoin Prepares for Potential 180% Rally

The crypto market continues to show strength with Bitcoin nearing fresh all-time highs and Dogecoin exhibiting its strongest monthly

The crypto market continues to display strength with Bitcoin approaching fresh all-time highs and Dogecoin exhibiting its strongest monthly performance of the year.

Here's a summary of the latest market trends:

Crypto Market Hits Record Levels Amid Regulatory Hopes

The changing stance of regulatory bodies is a pivotal factor shaping the present market mood. Highlighting the urgent need to devise a “rational regulatory framework for crypto asset markets,” the newly appointed SEC Chair, Paul Atkins, signaled a departure from the past "regulation by enforcement."

Atkins highlighted the potential of blockchain technology for new market products and emphasized the necessity of well-defined rules for crypto assets, thereby enabling brokers to offer a broader range of instruments. The industry welcomes this forward-looking perspective from the SEC as a means of fostering transparency and mainstream adoption.

Furthermore, global cryptocurrency funds are still reporting strong inflows. With digital asset investment products reporting their fourth consecutive week of inflows totaling $882 million globally, year-to-date totals are approaching the record set in early February, according to CoinShares.

The ongoing saga of a possible trade deal between the US and China contributes to the upbeat mood. Although specifics are still emerging, the White House’s declaration of “substantial progress” has raised hopes for lower trade tensions, which historically have linked with rising interest in assets like Bitcoin as a possible safe haven or simply benefiting from a larger risk-on environment.

Bitcoin Surpasses $105,000

Having recently clocked an intraday high close to $105,800, Bitcoin BTC/USD is trading at above $102,000 at the time of writing. Technical analysis suggests that although profit-taking at the $106,000 resistance zone could stall a rally towards new all-time highs briefly. Bears are likely to have strong defense in the range between $107,000 and $109,588; however, a decisive breach above this zone could see the BTC/USD pair soar towards $130,000.

One major tailwind for Bitcoin is still evident in the institutional demand. The ongoing accumulation of strategy, which recently clocked another 13,390 BTC, is massively limiting supply and fueling a deflationary dynamic. The regular flows into US Bitcoin ETFs highlight the strong demand from traditional finance.

The forthcoming US Consumer Price Index (CPI) announcement on May 13th may influence short-term market trends; a lower-than-expected number would be positive, indicating possible Fed rate cuts, while a larger print would exert bearish pressure. Key support levels to keep an eye on in case of a downturn include $100,000 and the 20-day exponential moving average (EMA) around $97,238.

Dogecoin Rallies 38% in May

With a 38% surge in May, Dogecoin DOGE/USD has shown remarkable resilience particularly over the past week rendering it strongest monthly performance this year. Currently trading above $0.22, “taker buyer dominant” spot volumes help explain DOGE’s market strength—a trend not observed before notable rallies. The long-term holder Net Unrealized Profit/Loss (NUPL) crossing 0.5 also shows positive attitude among holders, hence decreasing the possibility of massive selling.

For DOGE, technical minds spot notable upward potential. Noting that MACD had a positive crossover on the weekly chart, which followed large price swings in the past, leading traders to expect a potential 180% towards objectives at $0.65 and even $1.0. Although Dogecoin is now seeing some profit booking after declining from $0.26, the breakout level of $0.21 is envisaged to be offering stifling resistance. A good defense of this level would see the DOGE/USDT pair ascend towards $0.31.

Aave's TVL Surpasses $40 Billion

DeFi lending protocol, Aave (AAVE) has hit a fresh benchmark as its onchain Total Value Locked (TVL) topped at $40.3 billion.

With Ave v3 boasting about $40 billion, this record high cements Ave’s dominance in the decentralized lending market. The increase in TVL is driven by both the rising price of underlying assets like Ethereum and large user deposit inflows. Aave’s TVL, in Ether-denominated terms, has seen a substantial increase as deposited assets went up from around 6 million ETH at the beginning of 2025 to about 10 million ETH.

Highlighting the buoyant market and continuing TVL development, Aave’s native AAVE token has also responded positively, surging about 25% in the past seven days.

Top TRUMP Wallets Hold Around $174 Million

The Official Trump Memecoin (Trump) is still attracting