As of May 9, 2025, the cryptocurrency market is experiencing a significant rally, with major coins posting substantial gains and overall market sentiment turning bullish.

Bitcoin ($BTC ) has surged past the $100,000 mark, reaching approximately $102,603, marking a 1.43% increase from the previous close. Ethereum ($ETH ) has also seen impressive gains, currently trading at around $2,307.73, up by 12.79% .

The global cryptocurrency market capitalization now stands at $3.26 trillion, reflecting a 5.54% increase over the last day .

Notably, $XRP has climbed to $2.34, and Cardano (ADA) is trading at approximately $0.779, both showing positive momentum. Additionally, meme coins like PEPE have experienced a dramatic comeback, with PEPE rallying 40% and targeting a breakout above $0.000014 .

The current bullish trend is attributed to factors such as optimism surrounding U.S.-U.K. trade deals and anticipation of upcoming U.S.-China trade talks . However, analysts caution that the market remains volatile, and investors should stay informed about potential risks .

In regulatory news, Oregon has passed SB 167, officially recognizing cryptocurrency as collateral, signaling increased institutional acceptance of digital assets .

Overall, the crypto market is exhibiting strong bullish momentum, but investors are advised to exercise caution and conduct thorough research before making investment decisions.