Today's News: The Cryptocurrency Market is Changing

On May 16, 2025, the cryptocurrency market remains hot. Bitcoin is approaching its historical high, 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 down 6%-7%.

Analysts believe this pullback is a correction within a mid-term uptrend. Ruslan Lienkha, market director at YouHodler, pointed out that the delay in tariffs between China and the U.S. has resulted in weak upward momentum in the stock market, prompting short-term traders to lock in profits, which has affected the crypto market. Kirill Kretov from CoinPanel stated that price fluctuations within 5% are normal, partially due to profit-taking, and the poor market liquidity has exacerbated price corrections, but the overall trend remains healthy with no significant signs of a peak. Vetle Lunde from K33 Research expressed optimism, stating that Bitcoin has ended its long-standing state of being below the neutral financing rate, and that there is no bubble above $100,000, paving the way for new highs.