📊DAILY #CRYPTO #MARKET UPDATE May 8, 2025 📊
📈 #MarketOverview
Global Market Cap: $3.18T (↑1.17%)
24h Volume: $86.3B (↑5.9%)
Bitcoin ( $BTC ): $99,354 (↑2.9%)
Ethereum ( $ETH ): $1,907.69 (↑4.4%)
BTC Dominance: ~64.2% (↓0.02%)
🚀 Top Gainers (24h)
Alpaca Finance ( $ALPACA ): +58%
Litecoin ( $LTC ): +12%
Avalanche ( $AVAX ): +9%
📉 Top Losers (24h)
REI Network ( $REI ): −24.44%
Fellaz ( $FLZ ): −10.55%
WhiteRock ( WHITE ): −9.71%
📈 #Altcoin Highlights
Solana ( $SOL ): $151.57 (↑3.6%)
NEAR Protocol ( $NEAR ): $2.42 (↑4.8%)
Dogecoin ( $DOGE ): $0.1817 (↑5.5%)
📰 News & #Developments
Bitcoin #ETF Inflows: #BlackRock's IBIT continues to dominate, surpassing SPDR Gold Trust in YTD inflows.
Ethereum Whale Activity: Abraxas Capital Management withdrew 33,035 ETH (~$60M) from Binance and #Kraken, signaling potential moves.
Stablecoin Growth: $BNB Chain’s stablecoin supply jumps 30%, led by USD1’s rapid rise to a $2.1B cap.
🗓 Key Dates to Watch
May 9: #Binance launches trading for Doodles ( $DOOD ) token
May 13: Blockchain Futurist Conference (Toronto) Focus: DeFi, #NFTs
May 14–16: Consensus 2025 (Toronto) AI, tokenization, staking
May 19: CME XRP Futures Launch Institutional interest expected
May 27–29: Bitcoin 2025 (Las Vegas) Major BTC industry event
✍️ Summary & Outlook
Markets remain bullish as Bitcoin nears $100K and Ethereum rises above $1.9K, supported by strong institutional inflows and whale activity. #Altcoins are seeing solid performance, particularly in the meme and smart contract sectors. Momentum is positive, but macro events and key conferences could shape short-term sentiment. Stay alert and positioned for volatility.
