The cryptocurrency market is experiencing dynamic shifts today, driven by macroeconomic factors, regulatory developments, and surging interest in altcoins and AI-driven projects. Below, we break down the key trends dominating discussions on May 11, 2025.
Bitcoin’s Battle for $70,000: ETF Inflows and Technical Momentum**
Bitcoin (BTC) is hovering near the $70,000 mark, fueled by **$1.2 billion in net inflows into Spot Bitcoin ETFs** over the past 24 hours, led by BlackRock’s iShares Bitcoin Trust (IBIT). Analysts are eyeing a potential breakout above $70,000, with resistance at $71,200 and support at $66,800 . However, conflicting reports highlight price discrepancies: while WristMart reports BTC at $69,782, other sources like LatestLY cite a surge to $103,205, possibly reflecting regional exchange variations or outlier data .