$ETH Today's News: The Cryptocurrency Market is Ever-Changing

On May 16, 2025, the cryptocurrency market remains hot. Bitcoin is approaching its historical peak, dropping to $101,000 within 24 hours before rebounding to over $103,000. Altcoins are performing 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 within a mid-term upward trend. YouHodler's market director Ruslan Lienkha pointed out that the delay in tariffs between the U.S. and China has led to sluggishness in the stock market, causing short-term traders to lock in profits, which has affected the cryptocurrency market. Kirill Kretov from CoinPanel indicated that price fluctuations within 5% are normal, partly due to profit-taking, and that poor market liquidity has exacerbated price corrections. However, the overall trend is healthy, with no significant signs of a peak. Vetle Lunde from K33 Research expressed optimism that Bitcoin has ended its long-standing state below the neutral financing rate, stating that there is no bubble above $100,000, paving the way for new highs.