On Sunday, May 18, 2025, the cryptocurrency market experienced notable fluctuations, with the performance of major digital currencies varying between increases and decreases, influenced by regulatory news and global economic developments.
🟢 Major Currencies: Mixed Performance
Bitcoin (BTC): Bitcoin recorded a notable increase, surpassing the $105,000 threshold, driven by investor optimism regarding potential interest rate cuts by the US Federal Reserve, which increased risk appetite in the markets.
Ethereum (ETH): Ethereum saw an increase of 2.5% in the last 24 hours, reaching $2,536, indicating potential upward momentum.
Ripple (XRP): XRP rose by 0.78% to reach $2.3979, with expectations for continued upward momentum towards $3.40, supported by interventions from institutional investors after sharp sell-offs.
🔴 Other Currencies: Fluctuations and Declines
Pi Network: Experienced sharp fluctuations, with its price ranging between $0.66 and $0.73, marking a weekly decline of 10%.
Dogecoin (DOGE): Showed relative stability at $0.212, despite fluctuations of 4.3%, indicating the potential for upward momentum.
🌍 Market Influencing Factors
Global Regulations: Concerns have increased regarding tightening regulations in the cryptocurrency markets, negatively impacting the performance of some currencies.
Institutional Investments: The Saudi Central Bank announced investments in a company that owns significant amounts of Bitcoin, indicating a growing institutional interest in digital currencies.
📊 Market Overview
The global market capitalization of cryptocurrencies rose by 1.60% during the day, reaching $3.31 trillion, reflecting increased market confidence.
🔮 Future Predictions
With the continued upward momentum in some major currencies and interest from institutional investors, the market may witness further increases in the coming days. However, regulatory concerns and volatility remain part of the landscape, necessitating caution from investors.