The recent fluctuations in the cryptocurrency market were brought to the agenda again with the change in the price movements of the leading token Bitcoin. Especially recently, Michael Saylor’s potential wealth increase, the stagnation in XRP and new purchases by Cardano investors have attracted attention.
Michael Saylor’s race to fortune
As the founder and CEO of MicroStrategy, Michael Saylor is known for his aggressive Bitcoin purchases in recent years. Operating in the field of technology, MicroStrategy owns a total of 818,869 Bitcoins as of May 2026. The company made an investment of $61.86 billion by purchasing these BTCs at an average price of $75,543. Saylor, on the other hand, has direct access to a total of approximately 98,800 Bitcoins with his 9.9 percent share of the company’s Bitcoin vault and 17,732 BTC in his personal wallet.
According to modeling, in order to surpass Tesla CEO Elon Musk’s $839-$850 billion fortune, the value of Saylor’s Bitcoin holdings would need to reach approximately $850 billion. While with this direct calculation, the Bitcoin price should be $ 8.6 million, the fact that MicroStrategy shares are traded at a premium compared to its net asset value lowers this threshold. If the price per Bitcoin reaches $4.2 million, Saylor could overtake Musk. The company’s share premium rate plays an important role in this calculation.
It is stated that MicroStrategy CEO Michael Saylor’s wealth may exceed Elon Musk’s current wealth as Bitcoin rises to $4.2 million. This prediction is made possible by the fact that MicroStrategy shares are trading at a premium to net asset value.
Musk’s wealth may increase further with Tesla, SpaceX and future projects. For example, companies Tesla and SpaceX together own 19,794 BTC. If the rise in the crypto market continues, these Bitcoin assets will also add to Musk’s total wealth.
On the other hand, Saylor’s company is issuing new debt instruments, such as bonds called STRD, to continue accumulating Bitcoin. This strategy aims to strengthen Saylor’s hand in the crypto market.
Pause in XRP: Hyperliquid ETF impact
The short-term upward move in the XRP price slowed down after being stuck between $1.42–$1.47. One of the main reasons was the launch of the first Hyperliquid ETF (THYP), which began trading on Nasdaq in the US. With this development, investor interest in the market temporarily moved away from XRP and turned towards alternative products.
According to SoSoValue data, while inflows to XRP funds decreased to zero yesterday, a serious profit-taking movement was seen in the market, especially in large assets. A record single-day outflow of $635.23 million was observed in Bitcoin; Ethereum, on the other hand, experienced an outflow of $ 36.3 million. In the same period, Hyperliquid (HYPE) ETF achieved a net inflow of 1.36 million dollars on the second trading day. Bloomberg experts described the launch of the new fund as a strong start for the sector.
THYP’s first-day volume was lower than the historical Canary XRP ETF, which reached $58 million when it opened last November. Despite this, the development has created a natural consolidation after a long period of increasing demand for XRP. In the ongoing meeting of the Senate Banking Committee in the USA, the critical CLARITY Act vote on crypto regulation is being held. If the law is passed, XRP’s “commodity” status will be legally finalized and the obstacles to Wall Street’s access to XRP will be removed.
Historical accumulation of major investors in Cardano
While Cardano’s market value has dropped significantly by 71 percent in the last nine months, individual investors have withdrawn from the market. However, wallets with a balance of 1 million ADA and above have made a historic accumulation. According to data provided by crypto analysis platform Santiment, these major wallets have accumulated a total of 25.09 billion ADA, and 67.47 percent of Cardano’s circulating supply is under the control of these addresses.
This process started in December 2023, and large investors continued to systematically collect ADA. The balance of power thus shifted from the individual to the institution. In technical analysis, it was seen that the SuperTrend indicator switched from a long-standing sell signal to a buy signal for the first time. Analyst Ali Martinez stated that this development indicates seller fatigue for the market.
Technical indicators on Cardano indicate that a positive reversal movement may begin after a long-term downtrend.
The next goal is for ADA to maintain its $0.25 support. It is stated that if this level is held above, the first recovery target will be $ 0.33, and if this threshold is exceeded, it will be $ 0.42.
Market outlook and ETF impact on Bitcoin
Bitcoin fell below the local support level and fell to the $ 79,200–79,700 range. The focus of major institutions has shifted to the US’s ongoing trade talks with China and the historic Senate vote on crypto regulation. According to CryptoAppsy data, Bitcoin is currently trading at $79,729. A record single-day outflow of $635 million in spot Bitcoin ETFs increased selling pressure. Bitcoin needs to hold above $78,000 to maintain its upside potential in the medium term; Otherwise, larger long position liquidations may occur and the price may retreat to the bottom at the end of April.
The voting on the CLARITY Act bill in the US Senate has reached its final stage. Some financial lobbies, such as the US Bankers Association, object to the regulation paving the way for the distribution of rewards and returns on stablecoins. Lobbying activities increased on the grounds that the deposit structure of conventional banks could be damaged.
In addition, the official visit of the US delegation to Beijing, harsh Taiwan statements from the Chinese side and mutual additional tax threats had a negative impact on Asian markets. As a result of these developments, market makers reduced their risky asset positions and paved the way for Bitcoin to fall below the psychological limit of $ 80 thousand. In recent days, there has been a 5 percent decrease in the price of Solana in the short term.
