Here is a summary of the key developments in the cryptocurrency market for Saturday, May 17, 2025:

📊 Market Overview

Total Market Capitalization: Approximately $3.27 trillion, down 1.87% over the past 24 hours.

💰 Major Currency Performance

Bitcoin (BTC): Its price ranged between $100,000 and $105,000, with historically low volatility compared to gold.

Ethereum (ETH): Its price dropped by 4%, falling below the support level of $2,500, with expectations from major traders that it might resume the upward trend.

Dogecoin (DOGE): Faced rejection at a key resistance level, indicating the potential for a significant rise in the future.

📈 Technical Analysis and Forecasts

Bitcoin: Shows a "bull flag" pattern on the daily chart, indicating the possibility of a continued upward trend.

Market Cycle Index: The CryptoQuant indicator showed a bullish shift, the first since February 2024, which may indicate significant price movements ahead.

🌐 Influential Market Factors

US Credit Rating Downgrade: Moody's downgrade of the US credit rating to Aa1 led to a decline in the markets, affecting cryptocurrencies like ETH, DOGE, and XRP with drops of up to 3%.

Chinese Monetary Policies: Recent monetary easing from the People's Bank of China has increased liquidity,

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