Crypto Market Update – May 8, 2025

🔹 Bitcoin (BTC):

Bitcoin has crossed the $100,000 level and is currently trading at around $101,000. This rally is due to the announcement of the America-UK trade agreement and expectations of upcoming US economic data.

🔹 Ethereum (ETH):

Ethereum has crossed the $2,000 level for the first time since March. This surge is attributed to increasing whale activity and growing enthusiasm on social media.

🔹 Shiba Inu (SHIB):

SHIB is currently trading at $0.000013, which is a 4% increase over the past 24 hours. Recently, over 1 billion SHIB tokens have been burned, reducing the supply.

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🔸 Market Sentiment:

Fear & Greed Index: 67 (Greed)

BTC Dominance: Over 60%

Altcoin Season: Bullish trends in Ethereum, Dogecoin, and other altcoins

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🔸 Pro Tip:

Despite the bullish market, always keep Stop Loss and Risk Management in mind while trading.

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