🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
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The crypto market is booming across the board! Bitcoin has broken through $100,000, and Ethereum soared 20% in a single day.
On May 9, 2025, the cryptocurrency market experienced a strong surge, with BTC price breaking through the $100,000 mark and market capitalization surpassing $2.054 trillion, ranking it as the fifth largest asset globally. Meanwhile, ETH performed even better, with a single-day increase of over 20%, breaking through $2,200, driving the altcoin market higher.
Multiple favorable factors drive the market up.
1. Trade agreement eases market tensions: The US and UK have reached a tariff agreement, reducing tariffs on goods such as automobiles and steel, boosting global risk asset sentiment.
2. Fed rate cut expectations heat up: Although the Federal Reserve kept interest rates unchanged, market bets on a rate cut this year have increased, and funds are flowing into the crypto market at an accelerated pace.
3. Institutional and government accumulation: New Hampshire in the United States passed a Bitcoin reserve bill, El Salvador continues to increase its holdings, and publicly traded companies like MicroStrategy continue to buy BTC, forming long-term demand support.
4. Technical Breakthrough: Bitcoin stabilizes at the key resistance level of $100,000, with shorts liquidating $840 million, and the market enters a unilateral upward trend.
Market Outlook:
Although market sentiment is high, it is important to be cautious of the seasonal pattern of "Sell in May," as some indicators show short-term overbought conditions. In terms of operations, it is recommended to follow the trend, but it is necessary to set reasonable profit-taking and stop-loss orders to guard against the risk of sharp fluctuations. Overall, cryptocurrency assets are accelerating towards the mainstream, and their long-term potential is still worth following.
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