Bitcoin surged to $78,254 as risk appetite returned, but GetBit CEO Abhay Agarwal cautions that the rally faces headwinds from Iran uncertainty and high correlation with S&P 500.

Bitcoin breaks $78,000 amid risk-on rally; crypto CEO warns ceiling exists due to geopolitical risks and oil price volatility. Alt season not confirmed; Bitcoin remains macro anchor.

Bitcoin surged to $78,254, outperforming the broader market. However, lingering geopolitical tensions over Iran and high oil prices may cap gains. Analysts caution against expecting an altcoin season, noting the rally is liquidity-driven.

U.S. semiconductor stocks surged on May 13, with Micron, ON Semiconductor, and NXP posting gains of nearly 5%. The rally reinforces Ethereum's narrative as a decentralized compute layer, benefiting from renewed risk appetite for AI and infrastructure assets.

U.S. semiconductor stocks rallied on May 13, with Micron, ON Semi, and NXP gaining nearly 5%, signaling renewed risk appetite. Ethereum, viewed as a decentralized compute layer, historically correlates with tech equity sentiment, reinforcing its 'compute beta' narrative.

GameStop climbed further in after-hours trading, nearing $30 as risk appetite improved across markets. Rising expectations of a Fed rate cut and strong small-cap performance are also supporting sentiment in crypto and other high-beta assets.

GameStop rose further in after-hours trading, nearing $30 as broader risk appetite improved. Expectations for a potential Fed rate cut in September have boosted small-cap stocks and supported a more constructive backdrop for crypto markets.

GameStop rose further in after-hours trading, briefly reaching $29.96, as investors embraced risk assets amid growing expectations for a Fed rate cut as early as September. The move also reflects improving sentiment across crypto markets.