Top Crypto Gainers Today (May 22): SPX6900, FARTCOIN, WIF, HYPE, RUNE & Others

Today's cryptocurrency market saw notable surges, driven by Bitcoin's new ATH of $110k and renewed enthusiasm after the US-China trade agreement. The top crypto gainers of the day were SPX6900, FARTCOIN, WIF, HYPE, and RUNE, with price hikes of 25.78%, 20.87%, 20.26%, 16.96%, and 16.91%, respectively. Other notable gainers include BRETT, WLD, FLOKI, TAO, and PENGU.

Bitcoin (BTC) hit a new all-time high of $111,000 on May 21, 2025, surpassing Google's market value to become the sixth-largest global asset [1]. This surge follows a week of steady gains, with Bitcoin climbing over 10% since May 17. The Relative Strength Index (RSI) stood at 77.42 at press time, indicating overbought conditions [1].

The new milestone comes amidst macroeconomic instability and rising inflation, prompting investors to favor Bitcoin over traditional assets like gold and bonds. The cryptocurrency has also gained traction in Japan, where inflation is climbing, as a practical alternative to fiat currencies [1].

The US-China trade agreement, signed on May 21, 2025, has significantly boosted investor confidence, reducing economic uncertainties and contributing to Bitcoin's surge. According to Aurelie Barthere, principal research analyst at Nansen, the trade agreement played a pivotal role in easing geopolitical tensions and fostering market growth [3].

Other Notable Gainers

While Bitcoin dominated the headlines, several other cryptocurrencies also saw substantial price hikes. The top crypto gainers of the day were SPX6900, FARTCOIN, WIF, HYPE, and RUNE, with price hikes of 25.78%, 20.87%, 20.26%, 16.96%, and 16.91%, respectively [2]. Other notable gainers include BRETT, WLD, FLOKI, TAO, and PENGU.

Market Analysis

The Virtual Protocol token (VIRTUAL) also saw a 5% price surge, trading strongly at $1.82 with bullish momentum building. Technical indicators like Chaikin Money Flow and Super Trend suggest a potentially sustained uptrend, with a breakout above $2.06 potentially triggering further gains toward $2.26 [2].

Conclusion

The cryptocurrency market continues to exhibit strong momentum, with Bitcoin's new ATH and the US-China trade agreement driving investor enthusiasm. As inflation concerns persist and geopolitical tensions ease, Bitcoin's role as a hedge asset is likely to remain prominent. However, investors should remain cautious, as technical signals suggest heightened volatility in the near future.

References

[1] https://ambcrypto.com/bitcoin-hits-record-111k-heres-whats-driving-the-surge/
[2] https://beincrypto.com/virtuals-protocol-surges-eyes-breakout/
[3] https://en.coinotag.com/bitcoin-reaches-new-all-time-high-as-us-china-trade-agreement-eases-economic-uncertainties-and-boosts-investor-confidence/