Daily Crypto News | May 9
💥【 Today's Key Points】 Bitcoin breaks 104,000, Ethereum surges 20%, shorts face severe liquidation!
👉【 Market Updates】
Bitcoin (BTC): Breaks 104,000 USD, 24-hour increase of 6%, up 40% from the low in early April. The last time it was above 104,000 USD was 98 days ago.
Ethereum (ETH): Soars 21.4% in one day, breaking 2,200 USD, marking the largest single-day increase since 2021.
ETH/BTC exchange rate rebounds 14.6%, recovering the key level of 0.02.
Performance of other major coins:
SOL (+11%)
DOGE (+13.7%)
XRP (+8.6%) follows the trend, but the increase is less than ETH.
Follow me@Crypto 反卷队长 , keep up with the pace, and welcome the bull market.
👉【 Market Highlights】
969 million USD liquidated! Short sellers face severe losses: In the past 24 hours, short positions faced 836 million USD in liquidations, with BTC and ETH shorts suffering the most.
Ethereum ICO whales sell off: An early participant deposited 4,200 ETH (9.24 million USD) to Kraken, still holding 4,100 ETH.
Doodles airdrop starts tonight: DOOD tokens will be airdropped at 21:05 Beijing time, registered users will receive automatically, beware of scams!
👉【 Policy and Institutional Trends】
Coinbase CEO calls for revision of the (GENIUS Act): Opposes the clause 'banning interest on stablecoin', expects a new round of voting next week.
Trump plans to raise taxes on the wealthy: Aiming to impose a maximum tax rate of 39.6% on individuals with an annual income exceeding 2.5 million USD.
Jump Crypto invests in Securitize: Accelerating the development of security token offerings (STO), promoting the on-chain transition of traditional assets (such as government bonds and private equity).
👉【 Capital and Influencer Dynamics】
Bill Gates donates most of his wealth: Plans to donate over 200 billion USD to the Gates Foundation, aiming to end poverty and disease by 2045.
MicroStrategy continues to increase BTC holdings: Announces an 84 billion USD buyback plan, institutions remain optimistic about Bitcoin.
Follow me , keep up with the pace, and welcome the bull market.
👉【 Macroeconomic Impact】
U.S. stocks of crypto-related companies surge: Canaan Inc. (+9%), Robinhood (+8%), MicroStrategy (+5%) lead the gains.
Federal Reserve's June rate expectations: 83.5% probability of no change, but the market bets on a possible rate cut in September.
👉【 Risk Alert】
Bitcoin fluctuates at high levels, beware of short-term corrections to 95,000-98,000 USD.
Altcoins struggle to follow the trend, beware of funding rotation leading to crashes.
Leverage risk: High multiplier contracts are prone to liquidation, suggested to keep within 3x.
👉【 Summary】
Bull market returns, but rational layout is necessary!
Bitcoin stabilizes at 100,000, Ethereum explodes, institutional funds continue to flow in, but market volatility increases, avoid FOMO chasing highs.
Follow me , keep up with the pace, and welcome the bull market.
