Five crypto-linked stocks posted strong 24-hour gains on May 5, but the CLARITY Act drove Circle's 20% move while Bitcoin drove the rest.
Kosta Gushterov
Journalist
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Latest articles by Kosta Gushterov
Bitcoin is trading at $80,800 on May 5 as on-chain data shows record monthly realized profits alongside the lowest network activity in two years.
XRP cleared $1.40 on May 4 as on-chain data shows deposit transactions at a 30-day low, but the $1.42 daily close is the level that separates a breakout from a false move.
Ethereum reached $2,358 on May 4 but cannot clear $2,400, where four separate resistance mechanisms are converging on the same price zone.
Bitcoin broke above $80,000 for the first time since February, backed by $1.98B in taker volume, but on-chain structure signals the move is not yet complete.
Whale orders are hitting the ask on BNB spot and futures at $618, while retail activity reads neutral across both markets, a gap that six structural catalysts may be about to close.
Bitcoin has gained 2.6% in May 2026, but seasonal data since 2013 suggests weak May gains precede the worst Q3 months.
NEAR Protocol trades at $1.292, down from its April 17 peak of $1.48, below all three moving averages. Analyst Michael van de Poppe argues the asset is dramatically undervalued at a 34x price-to-sales ratio with revenue growing 300-500% annually.
Shiba Inu trades at $0.00000625 with exchange reserve at its April high of 81.8 trillion tokens. Active addresses have collapsed to 1,900 after the April 24-25 spike. The spot taker CVD has been neutral for 90 days. Supply is present. Demand is not.
Iran submitted a revised diplomatic proposal on May 1, 2026, offering to decouple Strait of Hormuz access from nuclear negotiations. Crypto market cap gained 1.91%.
Bitwise Chief Investment Officer Matt Hougan spoke to Cointelegraph at Bitcoin Las Vegas 2026, declaring the era of broad altcoin seasons over, naming Aave as dramatically undervalued.
Ethereum mainnet holds $186.2B in stablecoins, more than 50% of the total market while TRON processes the majority of crypto card payments.
