🔥 Update on the main news about the cryptocurrency market on May 11, 2025:
📌Mixed market: Global market capitalization slightly increased, but major coins traded inconsistently. Bitcoin and Ethereum showed slight growth, while XRP and BNB decreased slightly.
📌Ethereum outperforms: Ethereum has the most impressive growth among the top major coins, surpassing the $2500 mark and its market capitalization has exceeded that of Coca-Cola.
📌Altcoin season shows signs of recovery: The Altcoin Season Index indicates a recovery, with many altcoins recording significant growth, such as ETHFI and INIT rising over 38%.
📌Bitcoin whales active: Major investors have purchased a large amount of Bitcoin, showing confidence in the growth potential of this coin.
📌El Salvador continues to buy Bitcoin: This country continues its strategy of accumulating Bitcoin amidst negotiations with the IMF.
📌Pi Network price fluctuates: A large purchase transaction of Pi Coin on the OKX exchange has caused price volatility, raising questions about the origin of this coin.
📌Macroeconomic factors at play: The SEC Chair will give a speech on asset tokenization, and the FED's balance sheet has reached its lowest level since 2020; these factors may affect the cryptocurrency market. $BTC