#TradeOfTheWeek As of May 9, 2025, the cryptocurrency market is experiencing a significant rally, with major tokens reaching new highs and the global market capitalization surpassing $3 trillion.
---
📈 Major Cryptocurrencies
---
🌐 Market Highlights
Global Market Cap: Surpassed $3 trillion, marking a significant milestone for the crypto industry.
Bitcoin (BTC): Crossed the $100,000 mark for the first time since February, fueled by positive sentiment from a new U.S.-U.K. trade agreement and potential progress in upcoming trade talks with China.
Ethereum (ETH): Skyrocketed to $2,400 ahead of the weekly closing, with open interest hitting a massive $25 billion.
Altcoins: Tokens like PEPE, PNUT, and Virtual Protocol have seen significant gains, with PNUT up over 55% in the last 24 hours.
---
🔍 Market Sentiment
The current bullish momentum is driven by:
Institutional Inflows: Strong ETF inflows into Bitcoin, indicating growing institutional interest.
Global Trade Developments: Optimism surrounding global trade agreements, particularly between the U.S. and U.K., boosting investor confidence.
Technical Indicators: Bitcoin's relative strength index (RSI) is above 70, suggesting bullish momentum, though caution is advised as this may indicate overbought conditions.
