Some important news about the current cryptocurrency market:


General Market:
* The total value of the cryptocurrency market is $3.21 trillion, showing a 12.25% increase compared to the previous week. The trading volume in the last 24 hours is also up 0.86%.
Bitcoin (BTC):
* Bitcoin is currently trading at around $102,974.74. Although it is down 2% in the last 24 hours, it is up 8% compared to the previous week.
* MicroStrategy added $2.1 billion worth of Bitcoin to its balance sheet, bringing its total Bitcoin holdings to around $41 billion.
* Analysts believe that the uptrend for Bitcoin is not over yet, as institutional investors continue to show interest.
* Some analysts warn that there could be short-term "technical selling pressure" ahead of the US CPI data to be released on May 13.

Ethereum (ETH):
* Ethereum's market cap is over $303 billion. Trading volume increased by 11.43% in the last 24 hours.

* Ethereum outperformed Bitcoin by increasing by 42% in the last week.

Stablecoins:

* While the stablecoin sector experienced a slight decline, USDT's market value is approaching $150 billion.

* Democrats in the US Senate blocked a bill to regulate stablecoins over concerns that it did not include sufficient protections and could benefit Trump's crypto projects.

Other Altcoins:

* XRP increased by 10% in the crypto market as open interest exceeded $5 billion.

* Monero (XMR) rose by 317% as a major hack increased interest in privacy-focused coins.

Regulation and Law:

* Alex Mashinsky, founder of Celsius Network, sentenced to 12 years in prison on crypto fraud charges.
* Ripple CEO calls for rapid regulation in the US as stablecoins predict global growth.

* The US Office of the Comptroller of the Currency (OCC) has given banks the green light to engage in certain cryptocurrency activities.

Technology and Adoption:

* South Korea has asked Apple to block certain crypto exchange apps, following Google.

Other Notable Developments:

* American Bitcoin, a crypto mining project backed by Trump’s sons, has signed a merger agreement to list on NASDAQ.

* Healthcare company Kindly MD announced it will merge with Bitcoin investment firm Nakamoto Holdings.

* Steak ‘n Shake will allow 100 million customers to pay with Bitcoin next week.

* Almost all foreign trade between Russia and China is done in rubles and yuan, with the use of dollars decreasing.
#Trade Tensions Ease
#Major Tax Cut Bill
BTC-2,35%
EPT-3,31%
NOT-11,02%
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Moonspidvip
· 2025-05-13 13:50
Buy to earn 💎
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GateUser-ed950a40vip
· 2025-05-13 09:09
Good, encouraging news. Thank you for your work.
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Selim_sarivip
· 2025-05-13 06:21
Ape In 🚀
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ElizabethAldivip
· 2025-05-13 06:20
Thanks for the your sharing
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Hakumhansvip
· 2025-05-13 06:18
Watching Closely 🔍
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Muzrafa61vip
· 2025-05-13 06:17
2025 GOGOGO 👊
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Berojbelvip
· 2025-05-13 06:13
Thanks for the your information
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Smirneyvip
· 2025-05-13 05:55
Watching Closely 🔍
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Old_manvip
· 2025-05-13 05:53
Good morning HODL Tight
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Sel_98_swvip
· 2025-05-13 05:51
Thanks for the info
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