Prices of encryption on May 8: ETH, tops Altcoins as the best BTC Oper collapse more than $ 100,000
The coded currency market ceiling increased by more than 3 % to 3 trillion dollars on Thursday, May 8, as Bitcoin price rose to 99,841 dollars on Coinbase.
This represents the highest level of normative Cryptocurrency since February 7, 2025, when BTC decreased from above $ 100,000.
Most of Altcoins increased, as the Crypto Green market increased, with a daily volume increased by 35 % to more than $ 111 billion.
Miscellaneous, bitcoin dominance remained 64.1 %, while ethereum dominance is 7.6 %.
Why did Bitcoin gather, cryptocurrencies today?
Bitcoin’s height came to the level of $ 100,000 at a time when the global risk assets market reacted to US President Donald Trump late on Wednesday.
In a declaration of social truth, Trump revealed an imminent commercial deal with a major country.
The stocks rose side by side, with the coming after the Federal Reserve announced that interest rates will remain unchanged.
This positive view of Wall Street also leaked in the encryption markets, which was green trading with a BTC height.
The commercial deal with the United Kingdom is expected to be Trump He said It will be published at 10:00 am Washington time.
Owners of the advertisement of encryption buffers
The increase in encryption prices also comes amid a major organizational development that will witness the purchase of banks and the sale of digital assets.
May 7, the Currency Observer Office (OCC) Declare Those regulation banks “may buy and sell the assets detained in the direction of the customer.”
Occ also allows national banks and federal savings associations to use external sources of encrypted asset activities, including custody and implementation, to third parties.
ETH decreased to $ 2,000 with a rise above Altcoins
When investors turned up buddly to alleviate the tariff tensions, it was hurt earlier with the disclosure that senior American officials were to meet with their Chinese counterparts, Bitcoin rose to $ 99,789.
This increase helped above, and Per Data from CoinglassMore than 349 million dollars have been eliminated in the permitted positions.
Duplicating bets constituted about 75 % of total total squares over 24 hours, with more than 263 million dollars.
It is worth noting that the price of ETHEREUM decreased to the top to 1941 dollars, and may be ashamed of $ 2,000 Mark Bulls may be illusory to the continuation of the upward trend.
While eth remains less than the main level, encrypted analysts He says The upper altcoin value is lifted and is likely to explode.
“ETH is now emerging with less than its value compared to BTC, which is the first time since 2019. Historically, this led to ETHEREM’s superiority.
However, the pressure pressure, poor demand, and flat activity may stop a recovery, “indicated by Cryptoquant analysts.
Penguins, EOS Lead Rainers today
Regardless of ETH, the broader Altcoin market also rose amid positive feelings.
In the top 10 coins depending on the market, XRP, BNB and Solana jumped up to $ 2.21, $ 616 and $ 153, respectively.
Dogecoin, Cardano and Tron also rose to major levels.
The superior performance included Altcoins between the best 100 roofs by the pudgieth slab (+25 %), EOS (+16 %), and the virtual protocol (+16 %).
For EOS, the collapse to more than $ 0.84 comes before the new distinctive symbol of the project. The distinctive code EOS will be renamed to May 14.
The best winners in the past 24 hours are Pepe (+13 %), Celestia (+13 %), official Trump (+11 %), and Bitcoin Cash (+10 %).
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