RUNE slid about 15% within minutes after on-chain investigator ZachXBT said THORChain likely suffered a fresh exploit. The reported incident is estimated at over $7.4 million and allegedly involved activity across Bitcoin, Ethereum, Binance Smart Chain, and Base. RUNE moved from above $0.58 down to a two-week low near $0.50, where it later saw some support.

Hyperliquid's HYPE surged more than 20% at one point to $47, adding roughly $2 billion in market cap and nearing the top 10 altcoins by capitalization. The move followed Coinbase expanding USDC support on Hyperliquid under its AQA framework, alongside the debut of a 21Shares HYPE ETF and an upcoming Bitwise launch. Analysts using TD Sequential and other models warned a pullback could target $36, $33, or lower if resistance near $46 holds, while a break above $50 could invalidate the bearish view.

XRP briefly climbed from $1.38 to above $1.50 before quickly reversing, repeating several prior breakout failures. The pullback came as broader crypto markets reacted to a viral Donald Trump comment on an Iran proposal, with BTC swinging from $82,300 to under $81,000. Some analysts still argue futures momentum remains constructive, while key levels such as $1.445 and longer-term targets like $2.40-$3.36 are being monitored.

Spot crypto ETFs saw renewed demand over the past week as prices climbed, with bitcoin products leading weekly net inflows. BTC spot ETFs recorded $622.75 million in net inflows for the week, while ETH spot ETFs ended with just over $70 million and XRP-focused funds brought in more than $34 million.

Two market commentators argue Cardano's ADA is stabilizing above the $0.25 area after a rejection at $0.30 earlier this week, with the token trading around $0.27. One view points to prior rebounds from $0.25, including an 85% move in early 2023 and a 243% surge in September 2023, while another says futures positioning shows net long buying and no clear downside pressure yet.

After XRP failed to mirror the broader market's recent gains and was rejected near $1.45, it slipped below $1.40 as selling pressure returned. In a May 8, 2026 post, analyst EGRAG CRYPTO outlined three historical EMA-ribbon style outcomes for XRP: ~1,000%, ~1,250% and ~2,400%, with the ~1,250% case assigned the highest 50–55% probability. The same framework implies rough price targets of about $15, $19 and $35, alongside market-cap requirements approaching ~$1 trillion and ~$1.250 trillion for the first two scenarios.

Ethereum is still more than 53% below its August 2025 peak of $4,950, with repeated advances capped around $2,400. On-chain figures show whales holding 1,000–10,000 ETH cut their combined balance from 15.95 million to 12.52 million, a 21.5% decline. Spot Ethereum ETFs posted over $355 million of net inflows in April and roughly $170 million more in early May, but year-to-date flows remain negative and cumulative net inflows sit just over $12 billion versus about $15 billion in early October.

XRP has repeatedly failed to sustain rallies above the $1.47–$1.65 zone since February, while buyers have repeatedly defended the $1.30 area. A TD Sequential buy signal has now appeared on the 4-hour chart, with analysts pointing to a potential rebound toward $1.45 and, if resistance clears, a move to $1.80.

Bitcoin rallied from below $75,000 after last week's FOMC meeting to nearly $83,000 on May 6, then pulled back by more than $3,000. Analyst Ali Martinez says BTC is now trading below $80,300, a level he describes as a key support tied to the average cost basis of new whales from the past 155 days. He also warned that futures leverage has climbed to its highest level in almost a year, raising the risk of liquidation-driven volatility.