As of Friday, May 9, 2025, at approximately 4:45 AM PKT (Lahore time), here's the current situation for Bitcoin (BTC) and Ethereum (ETH):

Bitcoin (BTC):

* Current Price: Around $102,452 USD on Kraken (prices can vary slightly across exchanges).

* 24-Hour Change: Up by over 6%.

* Market Cap: Approximately $2.04 Trillion USD.

* Market Sentiment: Positive, with the Crypto

* Technical Outlook: Bitcoin has broken above the $100,000 mark, a significant psychological level. Analysts suggest that holding above key support (e.g., $95,000) could lead to further bullish movement, potentially towards its all-time high around $109,000. However, resistance at higher levels could lead to pullbacks.

* Price Predictions for 2025: Forecasts vary widely, with some expecting a range of $120,000 to $200,000 by the end of the year, driven by ETF flows and supply tightening.

Ethereum (ETH):

* Current Price: Around $2,190 USD on Kraken.

* 24-Hour Change: Up significantly by over 22%.

* Market Cap: Approximately $262.90 Billion USD.

* Market Sentiment: Also positive, likely boosted by Bitcoin's movement and potentially the upcoming Pectra upgrade.

* Technical Outlook: ETH has shown strong upward movement, reclaiming the $2,000 level and eyeing resistance around $2,250. Breaking this resistance could signal a further recovery.

* Price Predictions for 2025: Predictions also vary, with some suggesting potential highs around $2,777 based on current trends, while more bullish forecasts see potential targets much higher, even reaching $6,700 or $12,000 in more optimistic scenarios.

Overall Market Context:

* The broader cryptocurrency market is experiencing a positive surge, with the global market capitalization increasing significantly.

* This positive sentiment is potentially fueled by factors like optimism surrounding potential US-China trade talks and positive technical developments.

* Altcoins are also showing significant gains in many cases, indicating a broader market recovery.

Important Considerations:

* The cryptocurrency market remains highly volatil #BTC #ETH