🔥Cryptocurrency news update for yesterday, 13/05/2025. Here is a summary of the notable information:
General market:
📌 The cryptocurrency market has a slight correction after the previous fluctuations. The total market capitalization is down slightly, but still maintains above the important mark.
📌 Bitcoin (BTC) fluctuates in a narrow range around the $102,000 - $104,000 USD area. After surpassing $105,000 USD at one point due to positive macroeconomic news, the price has corrected again.
📌 Ethereum (ETH) has also had a similar correction, trading around $2,400 USD.
Other major altcoins have also generally had a slight correction or sideways movement, indicating that the market is in a consolidation phase.
🔥Bitcoin (BTC):
📌 Attention remains on Bitcoin as it continues to challenge important resistance levels. Analysts are closely monitoring Bitcoin ETF inflows and macro factors that could impact prices.
📌 There are reports of several large institutions continuing to show interest in holding Bitcoin for the long term.
📌 On-chain indicators show that transaction activity on the Bitcoin network remains stable.
🔥Ethereum (ETH):
📌 Ethereum continues to attract attention due to the growth of the DeFi and NFT ecosystems on the platform.
📌 Developers are actively working on network upgrades to improve performance and scalability.
📌 ETH price is looking for new momentum after a correction period.