Crypto News from May 18, 2025

Bitcoin (BTC) is trading at $103,523.8, with a minimal change of 0.01% in the last 24 hours. Ethereum (ETH) remains at $2,483.87, with a change of 0.3%.

Altcoins like BNB, Cardano (ADA), and Solana (SOL) show slight variations, with prices of $643.86, $0.74, and $167.52, respectively.

The total market capitalization of cryptocurrencies is $3.24 trillion, with a traded volume in the last 24 hours of $62.49 billion.

Uncertainty persists regarding the impact of the global economic crisis on the crypto market, with analysts warning of a possible prolonged crypto winter.

Trump and Elon Musk

Donald Trump, now President of the USA, has promoted the idea of creating a strategic reserve of Bitcoin in the country, which has had a positive impact on the crypto market.

Elon Musk has decided to partially step down from his role in the Trump administration, leaving his position in the Department of Government Efficiency (DOGE) to focus on Tesla. This has raised doubts about the $5,000 stimulus check he had promised to citizens.

Musk will remain an ally of Trump, but his departure could affect the public spending reduction plans he had led.

The crypto world continues to evolve, and the moves of figures like Trump and Musk continue to influence the market. Do you want to delve deeper into a particular aspect? 🚀