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 $102,872, marking a 1.55% increase from the previous close. Ethereum ($ETH ) has also seen impressive gains, currently trading at around $2,319.91, up by 13.30%. Binance Coin (BNB) is trading at $633.96, reflecting a 2.10% increase.
The global cryptocurrency market capitalization now stands at $3.26 trillion, reflecting a 5.54% increase over the last day.
Notably, $PEPE Coin has experienced a dramatic comeback, rallying 40% and targeting a breakout above $0.000014. Analysts suggest a potential 65% upside, aiming for the $0.000021 mark.
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.
