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The cryptocurrency market is exploding! Bitcoin has surpassed $100,000, and Ethereum surged 20% in a single day.
On May 9, 2025, the cryptocurrency market experienced a strong surge, with BTC price breaking the $100,000 barrier and market capitalization exceeding $2.054 trillion, ranking it as the fifth largest asset globally. Meanwhile, ETH performed even better, with a single-day increase of over 20%, surpassing $2,200, driving the altcoin market collectively higher.
Multiple favorable factors drive the market up
1. Trade agreement eases market tensions: The US and UK reached a tariff agreement, reducing tariffs on goods such as automobiles and steel, boosting sentiment for global risk assets.
2. Expectations for Fed rate cuts rise: Although the Federal Reserve kept interest rates unchanged, market bets on rate cuts this year have increased, leading to accelerated capital inflow into the crypto market.

3. Institutional and government accumulation: New Hampshire in the United States has passed a Bitcoin reserve bill, El Salvador continues to increase its holdings, and publicly traded companies like MicroStrategy are continuously buying BTC, creating long-term demand support.
4. Technical Breakthrough: Bitcoin stabilizes at the key resistance level of $100,000, short positions liquidated at $840 million, and the market enters a one-sided upward trend.
Market Outlook:
Despite the bullish market sentiment, it is important to be aware of the seasonal pattern of "Sell in May," as some indicators show short-term overbought conditions. It is advisable to follow the trend in operations but to set reasonable take-profit and stop-loss levels to guard against sharp volatility risks. Overall, cryptocurrency assets are accelerating towards the mainstream, and their long-term potential is still worth following.
BTC1.82%
ETH5.25%
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TheLastLightvip
· 05-10 03:51
Quick, enter a position! 🚗
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