🚀 2025 Crypto Market Update – May 19
📈 Bitcoin (BTC) Surpasses $106,000
The year 2025 continues to witness historic moments for the cryptocurrency markets. As of May 19, Bitcoin (BTC) surpassed the $106,000 level, bringing smiles to investors. BTC closed the week at $73,800, setting the highest weekly closing record of all time.
Experts consider this level both a psychological and technical breakthrough. Short-term targets are set at $110,000 and then $116,000. Key factors behind this surge include increased institutional interest in Spot Bitcoin ETFs and limited supply.
🔄 Ethereum (ETH) in Sideways Movement
Bitcoin's rise has not fully reflected in the altcoin market. Ethereum (ETH) is trading sideways around $2,420. ETH has lost slightly more than 2% in the last 24 hours, and closing above $2,470 is critical for regaining momentum technically.
Attention is focused on the “Dencun” upgrade and the development of Layer-2 projects on the ETH side.
💼 XRP Starts Futures Trading on CME
Today marked a historic development for Ripple (XRP). As of May 19, XRP began trading on the Chicago Mercantile Exchange (CME), marking an important trust milestone for institutional investors.
XRP is currently trading around $0.68, and this development is expected to drive it towards $0.80.
🌐 Market Overview and Liquidations
The total value of the crypto market reached $3.29 trillion as of today. This figure indicates increasing confidence in the market. However, rising prices also bring volatility.
In the last 24 hours, leveraged positions totaling $566 million were liquidated.
🏛️ Coinbase Now Included in the S&P 500 Index
Another important development for the crypto world is the inclusion of Coinbase in the S&P 500 index, which lists the 500 largest companies in the US. This shows that crypto companies are gaining greater acceptance in traditional finance.
📊 Is a New Bull Market Coming?
When technical data and sector developments are combined, many analysts believe a new bull market is on the horizon. However, it is critical for investors to manage their own risks and consider volatility.
📰 Stay tuned for the latest developments in the crypto world!