The cryptocurrency market today, Thursday, May 15, 2025, is witnessing significant fluctuations between declines and rises, as a result of investors reacting to a range of news and technical and economic developments.
📉 Bitcoin (BTC) Performance
Bitcoin recorded a slight decrease of 1.49% over the past 24 hours, with a price of approximately $103,814, and a market value estimated at $2.06 trillion.
📈 Alternative Coins (Altcoins)
• Ethereum (ETH): It saw a 42% increase after the "Pectra" upgrade, prompting Nasdaq-listed BTCS to increase its investments in ETH by $57.8 million.
• XRP: Its price rose above $2.60 before slightly retreating to around $2.48, with expectations for continued support at this level.
🔍 Market Influencing Factors
• Security Breach: Coinbase announced it suffered a cyber attack that led to the theft of account data from some customers, which could cost between $180 to $400 million.
• Strategic Partnerships: FalconX announced a partnership with Standard Chartered Bank to enhance digital currency services for institutional clients.
• U.S. Legislation: U.S. Representative French Hill noted that former President Donald Trump's investments in cryptocurrencies could complicate legislative efforts in this area.
📊 Overview$BTC
These movements indicate a state of volatility in the cryptocurrency market, as investors react to news and technical and economic developments. These fluctuations are expected to continue in the short term, with investors awaiting more clarity on regulatory policies and technical developments.