Cryptocurrency Market: Volatility and Predictions
On May 11, 2025, the market witnessed an explosion of ETH, as the price surpassed 2,600 USD, currently trading at 2,604.46 USD each. This is an impressive growth of 7.04% in a day. However, this information is for reference only and is not investment advice.
On the same day, BTC also reached the milestone of 104,000 USD, up 0.83% compared to the previous day. This is a positive signal for the market, reflecting the growth of leading cryptocurrencies. Additionally, a special transaction related to RATO generated a profit of 670 times from an investment of just 200 USD.
The market is also facing significant volatility as, in the past 24 hours, liquidation contracts across the network reached 266 million USD. Both long and short positions have been liquidated. This indicates strong growth but also carries many risks.
Looking ahead to next week, the CPI index may trigger a stagnant trading scenario, and BTC may test the support level of 100,000 USD. Additionally, a whale has placed 7,078 ETH on the exchange after 3 months of silence, potentially facing a loss of 1.49 million USD.
These developments highlight the complexity and unpredictability of the cryptocurrency market, emphasizing the importance of monitoring news and conducting thorough analysis before making investment decisions.
Source: https://tintucbitcoin.com/eth-vuot-2-600-usd-tang-704-tao-song-thi-truong/
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