Here is the latest cryptocurrency market update for today, Thursday, May 8, 2025:
š Top Cryptocurrency Prices
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š° Key Market Highlights
Bitcoin $BTC Hits $98,000.Bitcoin has surged to $98,000, marking a new all-time high. This rally is attributed to favorable foreign exchange flows and significant policy developments, such as New Hampshire's approval of a state-level Bitcoin reserve policy .
Whale Activity: A prominent investor executed a 40x leveraged long position on Bitcoin, resulting in an unrealized profit of $970,000, signaling aggressive market momentum .
Blockchain News
$ETH Performance: Ethereum is trading at approximately $1,897, showing a positive trend alongside Bitcoin. Analysts predict Ethereum could reach $14,000 by 2025, driven by factors like ETF approvals and network upgrades .
Nasdaq
Altcoin Movements: $XRP is trading at $2.19, and Cardano (ADA) is at $0.70, both experiencing modest gains.
