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Today Binance is celebrating its 6th anniversary! Starting its journey in 2017, Binance has now become the world's largest crypto exchange, with over 140 million users and 600+ tokens.
This occasion features various events, contests, and prizes. Thank you to our community—your support is the core strength of Binance's success.
As of May 8, 2025, Ethereum (ETH) is trading at approximately $2,050, marking a significant gain of over 14% in a single day. This surge follows the successful implementation of the Pectra upgrade, Ethereum's most substantial overhaul since the 2022 Merge. The upgrade aims to improve transaction speed and cost efficiency, including enhancements to wallet usability and an increase in the staking cap from 32 to 2,048 ETH per validator.
Despite these advancements, Ethereum has experienced a 45.5% decline year-to-date, underperforming relative to Bitcoin and competitors like Solana. Factors such as high transaction costs and slower speeds compared to rivals have contributed to its underwhelming performance. However, Ethereum remains dominant in supporting smart contracts, with over half of all smart-contract activity and $51.9 trillion in value locked.
Looking ahead, industry experts have varied predictions for Ethereum's price trajectory. Deltec Bank projects a potential rise to $10,000 by the end of 2025, while Standard Chartered Bank forecasts a range of $14,000+. Conversely, more conservative estimates suggest a rise to $6,105.
📈 Bitcoin Hits $100,000: 2025 Market Overview and Forecast
As of May 2025, Bitcoin (BTC) has once again crossed the $100,000 mark, reaching its highest level since February 2025. This surge is driven by strong demand for Bitcoin ETFs, a rising U.S. stock market, and renewed support from the Trump administration.
🔍 Market Analysis
Research institutions and financial analysts project Bitcoin could reach anywhere between $150,000 and $250,000 by the end of 2025.
Galaxy Digital predicts a target of $185,000.
CoinMarketCap reports the potential for a rise up to $200,000. Source
📊 Technical Outlook
Analysts have identified a classic “inverse head and shoulders” pattern, which typically signals a strong bullish trend. While some, like Cryptorphic, forecast a rise to $156,000, they also caution about possible short-term corrections. Source
📢 Binance Partners with WellxPay: Making Crypto Trading Easier and Safer in Bangladesh
Binance, one of the world’s leading cryptocurrency exchanges, has announced a strategic partnership with WellxPay to enhance crypto accessibility and security for users in Bangladesh and India.
✅ What Benefits Will Users Get?
Seamless crypto buying and selling using local payment methods such as Bkash, Nagad, Rocket, and Upay.
Enhanced security and speed through WellxPay’s trusted payment gateway.
Local currency P2P trading options for easier transactions.
KYC compliance and IMPS support for Indian users.
🔐 Enhanced Security and Compliance
This partnership ensures advanced encryption and security systems to protect user data and assets. Binance remains committed to operating within local regulations and compliance frameworks.