Will the confrontation between Israel and Iran eventually affect all markets? We must hope that there is not a complete shutdown of oil trade routes, as just the attack the other day already affected oil prices, increasing by 7%, and if it continues to rise, we will also be affected on the clothing side.
Happy Friday, May 9th, here is a list of the main news of the day 👇
🔸Bitcoin surpasses USD 102,800, waiting for new news about the tariff negotiations of the Trump administration.
🔺Bitcoin is now only 6% below its all-time high, and analysts predict it is ready to break that ceiling.
🔹More than USD 800 million were liquidated in short positions after the price increase of Bitcoin.
🔹BTC is approaching a new all-time high against the S&P 500.
🔹ETH returned to the USD 2,000 zone; however, opinions are divided on whether this is the return of the bull run or simply the drag effect from Bitcoin.
On May 4, 2025, the cryptocurrency market showed a mixed dynamic, with Bitcoin (BTC) holding close to $95,000, while Ethereum (ETH) and other altcoins recorded slight variations.
📰 Bitcoin surpasses USD 97,000 driven by mining data
This Friday, May 2, Bitcoin (BTC) reached a new 10-week high, surpassing USD 97,000. This surge is attributed to positive mining data and a U.S. employment report that exceeded expectations, generating optimism in financial markets. Additionally, former President Donald Trump has urged the Federal Reserve to lower interest rates, which could influence monetary policy and digital asset markets.