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Bitcoin soared previous $100K whereas Ethereum and Pepe exploded as investor sentiment soared after US President Donald Trump introduced a US-UK commerce deal.
A tsunami of money flowed into the crypto market as Ethereum spiked 20% to over $2,386 and PEPE soared 31% to steer gainers among the many largest cryptos. Bitcoin surged 4.9% to commerce at $103,965 as of three:53 a.m. EST, bursting previous $100k for the primary time since February.
Trump praised the US-UK commerce deal as a ”breakthrough” that can carry down boundaries and broaden market entry for American imports. Full particulars of the pact are nonetheless to be negotiated.
Crypto Worry And Greed Index Reaches Ranges Final Seen In January
Tthe Crypto Worry And Greed Index jumped 8 factors to a “Greed” studying of 73, its highest studying since Jan. 31, when it reached a rating of 76.
It is usually a considerable enchancment from the “Excessive Worry” studying of 18 that was reached only a month in the past on the top of Trump’s world commerce battle.Meme Cash Explode
The meme coin sector’s market cap skyrocketed 22.3% to $62.9 billion, based on CoinGecko.
Sector titan Dogecoin surged 13.9%, whereas Brett and Fartcoin led positive aspects among the many largest meme cash with 32% and 22% pumps, respectively. Moo Deng soared 162% and Peanut the Squirrel skyrocketed 67%.
Metaplanet Doubles Down On Bitcoin
Bitcoin’s pump previous $100k led market sentiment and Japan’s Metaplanet introduced in Could 9 assertion that it could elevate a further $21.5 million by way of a bond subject to purchase extra Bitcoin
Bitcoin has overtaken Amazon’s market cap $BTC is now the fifth most dear asset on the planet
What’s subsequent?#BTC #Bitcoin #Crypto pic.twitter.com/8KTJ7pEBkA— SoSoValue (@SoSoValueCrypto) May 9, 2025
That follows the acquisition of $53.4 million price of Bitcoin that it introduced on Could 7, together with plans to subject $25 million in zero-coupon bonds to fund but extra Bitcoin purchases.
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