Crypto Market Movement Report – May 9, 2025 (Asia/Kolkata)
1. Overview
On May 9, 2025, the global cryptocurrency market saw moderate volatility driven by mixed macroeconomic signals and profit‐taking ahead of a major U.S. regulatory announcement. Total market capitalization hovered around $2.3 trillion, with a daily volume of approximately $120 billion.
2. Bitcoin (BTC)
Bitcoin (BTC) showed modest gains, recovering from early‐session dips to close slightly higher.
| Metric | Value (USD) | Change |
|---|---|---|
| Previous Close | 102,500.00 | — |
| Close (May 9) | 103,091.00 | +591.00 (+0.58%) |
| Intraday High | 103,978.00 | — |
| Intraday Low | 102,387.00 | — |
Data sourced from real‐time crypto quotes. 0
3. Ethereum (ETH)
Ethereum (ETH) experienced higher volatility, briefly dipping below $2,210 before rebounding strongly in afternoon trade.
| Metric | Value (USD) | Change |
|---|---|---|
| Previous Close | 2,218.37 | — |
| Close (May 9) | 2,337.62 | +119.25 (+5.38%) |
| Intraday High | 2,456.64 | — |
| Intraday Low | 2,206.43 | — |
Data sourced from real‐time crypto quotes. 1
4. Key Drivers
- U.S. Regulatory Watch: Investors awaited clarity on a proposed ETF approval, causing sideways trading early in the day.
- Profit‐Taking: Short‐term traders booked gains after last week’s rally, leading to spikes in volume around midday.
- On‐Chain Activity: Bitcoin network transactions rose 8%, indicating increased usage. Ethereum gas fees spiked 12% due to DeFi activity.
5. Market Sentiment & Outlook
Sentiment indicators turned cautiously bullish after the mid‐day rebound. The Crypto Fear & Greed Index rose from 65 to 72, signaling growing confidence among retail investors. Short‐term resistance for BTC lies at $104,500, while support is seen at $102,000. ETH traders will watch the $2,400 level for potential breakout.
6. Disclaimer
This report is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile; please conduct your own research before making investment decisions.
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