🧐 What Happens When Bitcoin Makes A Golden Cross?

Historical data can show us the way.

Author

Ivan
May 23, 2025

Happy Friday!

Bitcoin is about to make a golden cross, and the question on everyone’s mind is: another leg up or a correction like in previous years?

Donald Trump yesterday hosted the (in)famous Trump memecoin dinner — and Benzinga got exclusive photos from the event.

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TOP STORY

Cryptocurrency analyst Benjamin Cowen warns that while Bitcoin has soared to new all-time highs, it may face a short-term correction following a golden cross expected this week.

In a May 21 podcast, Cowen said that "anytime Bitcoin hits a new all-time high or a new cycle high, it’s worth celebrating. But historically, golden crosses are often followed by 10-15% pullbacks."

He referenced similar setups in 2019, 2020 and 2021, when Bitcoin dipped soon after golden crosses, noting that a 10% retrace would bring BTC back near $100,000, while 15% would test $95,000, both near key moving averages.

What’s going to happen this time?

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QUICK N DIRTY

XRP went higher on the first trading day of CME futures — can this be the next big bull catalyst for XRP?

Shiba Inu is down 4%, and it’s not looking good for the popular memecoin — what is going on?

Dogecoin, on the other hand, is up 2%, and analysts are already talking about the famous $1 level — can it really happen?

FINTECH FOCUS

Amid protests and ethical concerns, President Donald Trump hosted a private dinner for the top buyers of his Official Trump memecoin on Thursday.

Trump landed at his private golf club near Washington, D.C., via helicopter to spend the evening with his VIP guests, including cryptocurrency millionaire and Tron founder Justin Sun, the meme coin’s top holder.

In a series of visuals shared with Benzinga by another invitee, Trump can be seen addressing his guests, with an elegant indoor dining setup, complete with wine glasses, cutlery and a menu card, in the background.

Care to take a peek into Trump’s memecoin dinner?

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