#CryptoMarketNews Recent Cryptocurrency Market News (as of May 13, 2025)Bitcoin Surges Above $100,000:
1.) Bitcoin has reclaimed the $100,000 level for the first time since February 2025, driven by optimism around global trade deals, particularly a U.S.-U.K. trade agreement and positive U.S.-China trade talk sentiments. It recently traded at around $101,329.97, up 4.7% in a day, with its market cap nearing $1.96 trillion.
2.) Ether and Altcoins Rally: Ethereum’s price surged over 14% to $2,050.46, boosted by its Pectra network upgrade, marking its best week since 2021. Other altcoins like Dogecoin (up 10%) and Solana (up 10%) also saw gains, reflecting a broader market rally with total crypto market capitalization hitting $3.09 trillion.
3.) Coinbase Joins S&P 500 and Acquires Deribit: Coinbase, a leading crypto exchange, will replace Discover Financial Services in the S&P 500, boosting its stock by 8.8% to $225.4. It also acquired Dubai-based Deribit for $2.9 billion, positioning it as a leader in crypto derivatives globally.
4.) Stablecoin Developments: The stablecoin market, led by Tether’s $150 billion USDT, is growing rapidly, with Meta reportedly exploring stablecoin partnerships to support its 3 billion users. However, a U.S. Senate stablecoin bill stalled due to national security concerns and Trump’s crypto ties.
5.) Institutional and Regulatory Moves: Cryptocurrency investment products saw $882 million in inflows last week, nearing all-time high asset levels. SEC Chairman Paul Atkins highlighted blockchain’s potential for new securities use cases. Meanwhile, Trump’s crypto advisor David Bailey launched a $300 million Bitcoin investment company.
6.) Market Sentiment and Macro Factors: A risk-on sentiment prevails, fueled by easing geopolitical tensions, central bank liquidity (e.g., China’s easing and Fed’s $34 billion bond purchases), and institutional inflows into Bitcoin ETFs. However, volatility is expected near Bitcoin’s $100,000 mark due to potential profit-taking or tariff uncertainties.
7.) Trump’s Crypto Influence: Trump’s pro-crypto stance, including his World Liberty Financial stablecoin and support for a Bitcoin reserve, continues to shape markets. However, his ventures have raised concerns, stalling bipartisan crypto legislation in Congress.
8.) Security and Fraud Issues: Bybit lost $1.5 billion to North Korean hackers, and a new cryptocurrency, $Libra, defrauded investors of $250 million, highlighting ongoing security challenges.
Critical Note: While the market is bullish, driven by macro optimism and institutional adoption, regulatory hurdles and security risks persist. Always verify claims, as some sources (e.g., X posts) may exaggerate or mislead. For real-time updates, check platforms like CoinDesk or Reuters.