🔥Cryptocurrency News Update 05/14/2025
📌Market Overview:
The cryptocurrency market on 05/14/2025 showed positive growth with many major coins recording significant gains. The global market capitalization reached $3.37 trillion, up 1.33% over the past 24 hours.
📌Notable coins:
- Bitcoin (BTC): Trading around $103,335, up slightly by 0.07% over the past 24 hours. Bitcoin continues to maintain above the $100,000 mark, showing stability and investor confidence.
- Ethereum (ETH): Showing an impressive growth of 5.13%, reaching $2,608. The growth of DeFi and NFT, along with network upgrades, is supporting ETH prices.
- Solana (SOL): Up 3.40% to $179.22. Fast transaction speeds and low fees continue to attract new DeFi projects to Solana.
- XRP (XRP): Up 2.07% to $2.5935, strengthening its position in the cross-border payments sector thanks to partnerships with financial institutions.
- Other strong performers: PEOPLE, 1000SATS, and ETHFI increased by 42%, 28%, and 26%, respectively. MAGA (TRUMP) also recorded a gain of 4.67% to $0.228572 due to interest from events related to former President Donald Trump.
📌Notable news:
- Coinbase warns investors about coins such as XRP, DOGE, and ADA. However, the specific reason for this warning has not been clarified in the sources.
- Bitcoin ETF attracts large inflows, reaching a record $41 billion, reducing circulating supply and potentially positively impacting Bitcoin price in the long term.
- US House Committee approves Trump's tax cut plan, which could impact financial markets in general, including cryptocurrencies.
- Bitcoin's correlation with US stocks weakens, increasing Bitcoin's appeal as a diversification asset.
- Vietnam is in the process of finalizing a legal framework for cryptocurrencies, indicating the government's interest in the sector.
- Pi Network price fell 12.6% on May 14, to around $1.11, after a recent surge in anticipation of the announcement at the Consensus event.