Bitcoin $BTC is currently trading near $108,700, after reaching a high of over $111,000 in the past days. This decline is attributed to profit-taking and technical corrections in the market.
Ethereum $ETH has seen an increase of 2.28% in the past 24 hours, reaching around $2,628, supported by an increase in trading volume.
Ripple $XRP has dropped to $2.26, affected by ongoing legal uncertainty in the case of the U.S. Securities and Exchange Commission #SEC against Ripple Labs.
The global market capitalization of cryptocurrencies is approximately $3.43 trillion, with a slight decrease of 1.41% in the past 24 hours.
On Wednesday, May 21, 2025, Bitcoin continues to record strong performance at 34,132,331,718, with its price around $107,600, nearing its all-time high of $109,588.
Key Developments:
Collective rise in the market 66,742,902,734: Most alternative cryptocurrencies have seen an increase alongside Bitcoin, indicating a general wave of optimism in the market.
Increased institutional interest: Metaplanet announced the purchase of an additional 1,004 Bitcoins, raising its total holdings to over $800 million. DigiAsia, listed on NASDAQ, plans to raise $100 million to purchase Bitcoin.
Expectations for further rise: Analysts expect Bitcoin's price to exceed $110,000 soon, which could lead to the liquidation of short positions worth $3 billion.
Regulatory improvements: The U.S. Senate has introduced a bill to regulate stablecoins, contributing to enhanced investor confidence and supporting Bitcoin prices.
Overall, indicators suggest that Bitcoin may enter a new price discovery phase, supported by increased institutional interest and positive regulatory developments. 34,132,331,718 35,468,048,009
Bitcoin (BTC) surpassed the $106,000 mark, recording an increase of 0.81% over the past 24 hours, but faced resistance at the $107,000 level, leading to a decline in alternative coin prices.
Ethereum (ETH) supply on centralized exchanges has dropped to its lowest level in over a decade, indicating increased institutional buying.
On Sunday, May 18, 2025, Bitcoin experienced notable fluctuations in the markets:
Current price: Bitcoin is currently trading at around $103,942, with a decrease of 0.30% over the past 24 hours.
Market performance: The digital markets have seen a state of relative stability today, following a week of positive performance and significant increases in most cryptocurrencies.
Price movement: The price of Bitcoin continued to move within a narrow sideways range over the past 24 hours, after successfully recovering from yesterday's decline.
Future outlook: According to technical analyses, if Bitcoin can break through the current resistance level, it may head towards the $130,000 level.
Relative Strength Index (RSI) at moderate levels (~58) ā Not Overbought
50-Day Moving Average supports the upward trend
---
Proposed Trade
Entry Point: $168
First Target (Take Profit 1): $185
Second Target (Take Profit 2): $198
Stop Loss: $158
---
Reason for Selection
Solana is currently benefiting from a strong wave of interest in DeFi and NFT projects, and its strong network performance makes it one of the most active networks, along with price data supporting further upward movement. $SOL
The Central Bank of Brazil has imposed restrictions on the conversion of stablecoins to self-custody wallets, aiming to curb fraud and money laundering, with plans to expand regulation to include decentralized finance (DeFi) and asset tokens.
2. United Kingdom Launches Digital Derivatives Platform
"GFO-X," the first regulated digital asset derivatives trading platform with centralized clearing, has been launched in London, supported by the Financial Conduct Authority (FCA) and major financial institutions, marking a step towards enhancing the digital market infrastructure.
3. Europe Adopts MiCA Guidelines
The French Financial Markets Authority (AMF) has announced its commitment to six sets of European guidelines under the MiCA regulation, strengthening the harmonization of the regulatory framework for digital assets in the European Union.
Advice for those who do not own the currency $PEPE : you should stop trading and completely uninstall the Binance app, as it is considered one of the strongest candidates to follow the path of currency $BTC . We notice a significant upward momentum that suggests better days ahead for $PEPE
I think that not having currency $BTC at the moment is more dangerous than having it, as the currency is experiencing a tremendous rise and will easily surpass the barrier of 100,000 in just a few hours.$BTC
Currency btc$BTC is taking an upward trend and is now on its way to break the peak of $100,000, which it has not surpassed since February 24th of last year.
I have a few things for you again This time I want your help in earning Do you want to earn but don't know how? Come write 'done' and I will respond to you Just pray for my father for healing in the name of God $BTC $ETH $SOL
Login to explore more contents
Explore the latest crypto news
ā”ļø Be a part of the latests discussions in crypto