Here’s a roundup of the biggest crypto news as of Sunday, May 11, 2025:
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📈 Market Highlights
Bitcoin (BTC) is trading around $104,210, continuing its bullish momentum after briefly touching $105,000 earlier this week. Analysts attribute this surge to positive investor sentiment and recent macroeconomic developments .
Ethereum (ETH) has reclaimed the $2,600 level, with increased inflows from institutional investors and growing demand for futures contracts, signaling a potential push toward $3,000 .
Altcoins are showing significant gains, with tokens like Pi Network and Rocket Pool surging over 20% in the past 24 hours .
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🧠 Industry Developments
Ethereum's Pectra Update: A recent update named "Pectra" has introduced a new attack vector that could allow hackers to drain funds using only an off-chain signature. Developers are actively working on patches to address this vulnerability .
Coinbase Acquires Deribit: Coinbase has announced its plan to acquire derivatives exchange Deribit in a $2.9 billion deal. This move aims to strengthen Coinbase's position in the crypto market by expanding into the profitable derivatives sector .
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🔮 Noteworthy Predictions
Bitcoin's Bull Market Peak: Crypto analysts suggest that 2025 could be the year Bitcoin reaches a new bull market peak, with price targets ranging from $150,000 to $200,000 .
Shiba Inu (SHIB) Forecast: If Bitcoin's market cap were to reach $200 trillion, SHIB could potentially eliminate two zeros from its price and surpass the $0.001 mark .
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