๐ Updated Market Snapshot (May 14, 2025):
Bitcoin (BTC): $104,234
Ethereum (ETH): $2,610.33
Solana (SOL): $178.29
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๐ Current Price: $104,234
๐ Technical Analysis:
BTC reached a four-month high of $105,500 early Monday but dipped after the U.S. announced a partial tariffs pause with China.
Strong support is observed around the $100,000 level.
๐ฐ News Impact:
Progress in U.S.-China trade talks has lifted Bitcoin's price.
๐ Cryptutor Insight:
"BTC is consolidating after a significant rally. If macroeconomic conditions remain favorable, we could see a move towards $110,000."
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๐ Current Price: $2,610.33
๐ Technical Analysis:
ETH has surged by over 19% in the past day, reaching almost $2,500 as the crypto market experiences a resurgence.
ETH/BTC pair is gaining strength, indicating bullish divergence.
๐ฐ News Impact:
Ethereum's market value has surpassed Alibaba, boosting investor confidence.
๐ Cryptutor Insight:
"ETH is showing strong momentum. A break above $2,600 could lead to a rally towards $2,800."
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๐ Current Price: $178.29
๐ Technical Analysis:
SOL has been holding above the key Fibonacci level of $140, indicating solid support.
1D MACD is turning bullish, suggesting further upside potential.
๐ฐ News Impact:
DeFi Development Corp has purchased $11.2 million worth of SOL, highlighting institutional interest.
๐ Cryptutor Insight:
"SOL is gaining traction with increased on-chain activity and whale accumulation. A move above $180 could target $190 next."
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