Cryptocurrency Market: Update on 11/05/2025
On 11/05/2025, the cryptocurrency market witnessed significant volatility. According to a recent report, Ethereum (ETH) has dropped below 2,500 USD, currently trading at 2,487.91 USD per coin. This is a slight decrease for the day, although ETH still recorded a 2.25% increase.
Meanwhile, there are many positive predictions about the future of ETH. Experts expect that ETH could rise to 10,000 USD in the new cycle thanks to three outstanding ecosystem projects. Movements in the cryptocurrency ecosystem are contributing to these new trends.
Additionally, the ether.fi fund announced the buyback of 437,000 ETHFIs this week, corresponding to a cost of 137 ETH. This is part of their strategy to strengthen their position in the market.
A Unichain whale withdrew 2,281 ETH from Binance, with a total value of approximately 5.83 million USD. This reflects the appeal of ETH to large investors and significant market movements.
The market landscape is also enriched by the launch of new coins such as USELESS, moonpig, Momcoin, Pookie, and diarrhea on Gate.io MemeBox. This is part of the growth and development trend of cryptocurrency projects.
Finally, over the past three days, Abraxas Capital has withdrawn 185,309 ETH from exchanges, with a total value of up to 399 million USD. This significant asset movement may signal strategic changes in the industry.
These fluctuations are evidence of the dynamism and continuous evolution of the cryptocurrency market.
Source: https://tintucbitcoin.com/eth-xuong-duoi-2-500-usd-tang-225-trong-ngay/
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