Here’s your crypto market update for Friday, May 9, 2025, featuring key price movements, major news, and visual highlights:
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📈 Market Snapshot
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🚀 Market Highlights
• Bitcoin (BTC) has surged past $100,000, currently trading around $102,689. This marks a significant rebound from April lows, driven by renewed investor confidence and positive market sentiment .
• Ethereum (ETH) is experiencing a robust rally, up approximately 16% to $2,288.95, benefiting from the overall bullish trend in the crypto market .
• Altcoins like XRP, Solana, and Cardano are also seeing notable gains, reflecting the broader market optimism.
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📰 Key Developments
• Legislative Moves: Arizona and New Hampshire have enacted laws permitting state involvement with cryptocurrencies. Arizona’s legislation allows the state to maintain a reserve of unclaimed cryptocurrency property, while New Hampshire permits officials to invest up to 5% of public funds in major cryptocurrencies and precious metals .
• Coinbase Expansion: Coinbase has announced a $2.9 billion acquisition of Deribit, a major crypto derivatives exchange. This move aims to solidify Coinbase’s position in the derivatives trading market .
• Bhutan’s Crypto Initiative: Bhutan has launched the world’s first national-level cryptocurrency-based tourism payment system, enabling travelers to use digital assets for various services through a partnership with Binance Pay and DK Bank .
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📊 Visual Highlights
Here are some visual representations of the current market trends:
!Bitcoin Price Chart
Bitcoin’s recent surge past $100,000.
!Ethereum Price Chart
Ethereum’s impressive 16% rally.
!Crypto Market Cap
Global cryptocurrency market capitalization reaching $3.26 trillion.  
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Feel free to ask if you need more detailed information on specific cryptocurrencies or further insights into the market trends!