$BTC

As of May 14, 2025, here are the latest updates in the cryptocurrency space, covering market trends, policy regulations, popular tokens, and project developments:

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📊 Market Overview

• Bitcoin (BTC): Current price is approximately $103,224, with daily fluctuations between $103,164 and $104,836.

• Ethereum (ETH): Price is approximately $2,579.84, with a daily high of $2,709.34.

• BNB: Price is approximately $653.91, with a daily high of $668.87.

• XRP: Price is approximately $2.57, with a daily high of $2.63.

• Cardano (ADA): Price is approximately $0.8046, with a daily high of $0.8355.

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🏛 Policy and Regulatory Updates

• Progress on U.S. Digital Asset Legislation: The U.S. government has established a digital asset legislative working group, expected to complete related legislative work within six months, aimed at regulating the cryptocurrency market.

• SEC Delays Multiple Spot ETF Approvals: The U.S. Securities and Exchange Commission (SEC) delayed multiple ETF applications related to crypto assets on May 13, including applications submitted by Grayscale and BlackRock, with the market keeping a close watch.

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🚀 Popular Tokens and Project Developments

• PEOPLE Token Soars: Influenced by Musk's tweet, the PEOPLE token experienced a daily increase of 52%, sparking market discussions.

• Bitcoin Technical Indicators Breakthrough: Bitcoin's Relative Strength Index (RSI) has seen its first breakthrough in six months, with technical analysts predicting a target price that could reach $85,000.

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🏦 Institutional Dynamics

• Coinbase Included in S&P 500 Index: U.S. cryptocurrency exchange Coinbase will officially be included in the S&P 500 index on May 19, becoming the first cryptocurrency-related stock to be included, expected to attract more institutional investor attention.

• Bitfarms Financial Report Shows Revenue Growth: Bitcoin mining company Bitfarms announced its Q1 2025 financial report, with revenue reaching $67 million, a year-on-year increase of 33%, but the gross margin fell to 43%.