$USDC Today's News: The Cryptocurrency Market is Changing

On May 16, 2025, the cryptocurrency market remains hot. Bitcoin approaches its historical high, dropping to $101,000 within 24 hours before rebounding to over $103,000. Altcoins perform poorly, with the CoinDesk 20 index down 3%, and tokens like APT, AVAX, and UNI falling by 6%-7%.

Analysts believe this pullback is a correction in the medium-term upward trend. Ruslan Lienkha, market director at YouHodler, pointed out that the delay in U.S.-China tariffs has weakened the stock market's upward momentum, leading short-term traders to lock in profits, which has affected the cryptocurrency market. Kirill Kretov from CoinPanel stated that price fluctuations within 5% are normal, partly due to profit-taking, and poor market liquidity has exacerbated price corrections, but the overall trend is healthy, showing no obvious signs of a peak. Vetle Lunde from K33 Research expressed optimism that Bitcoin has exited a prolonged state below the neutral financing rate, indicating that there is no bubble above $100,000, paving the way for new highs.