The cryptocurrency market is experiencing a strong rally at the moment, with Bitcoin (BTC) and Ethereum (ETH) main the cost. As of Might 9, 2025, Bitcoin has soared previous $100,000 for the primary time since early February, whereas Ethereum is exhibiting vital power, climbing to round $2,200. 

The full crypto market capitalization has breached $3,3 trillion, reflecting a 3.4% improve within the final 24 hours. This bullish momentum is pushed by a mixture of macroeconomic developments, institutional adoption, and technical breakouts. 

Bitcoin Breaking the $100,000 Barrier

Bitcoin is buying and selling at roughly $102,700, up almost 4% within the final 24 hours, with every day buying and selling quantity surging to $47 billion. This marks a major milestone, as BTC has reclaimed the $100k degree after dipping to $75,000 in early April following commerce tariff considerations. 

Supply: CoinGecko

A number of momentums are behind this rally:

• Easing US-China Commerce Tensions: Optimism over potential progress in US-China commerce talks has boosted risk-on sentiment throughout international markets, together with cryptocurrencies. China’s commerce ministry just lately signaled openness to negotiations, decreasing fears of escalating tariffs that beforehand weighed on threat property. This has pushed Bitcoin’s price, as buyers view it as a hedge in opposition to financial uncertainty.
• Large Brief Liquidations: The derivatives market has seen vital exercise, with $341 million briefly Bitcoin positions liquidated within the final 24 hours. This imbalance displays sturdy bullish momentum, as bearish merchants are pressured to cowl their positions, additional pushing costs upward.

Supply: CoinGlass

• Institutional and Regulatory Tailwinds: Latest developments, such because the US Workplace of the Comptroller of the Foreign money (OCC) enjoyable guidelines to permit banks to purchase and promote consumer crypto property, have bolstered institutional confidence. Moreover, Arizona’s passage of a Bitcoin reserve invoice and report inflows into Bitcoin ETFs sign rising mainstream adoption.
• Federal Reserve’s Regular Charges: The Federal Reserve’s resolution to keep up rates of interest at 4.25%-4.50% on Might 7 has bolstered Bitcoin’s enchantment as a retailer of worth, particularly amid stagflation fears. Buyers are more and more turning to BTC as “digital gold” to hedge in opposition to fiat foreign money erosion.

Ethereum Driving the Altcoins Wave

Ethereum is buying and selling at round $2,200, reflecting a 16.8% acquire within the final 24 hours and a 20.2% surge over the previous week. ETH’s market capitalization stands at $267.45 billion, solidifying its place because the second-largest cryptocurrency.

Supply: CoinGecko

The latest activation of Ethereum’s Pectra improve on Might 7 has additional fueled optimism. Pectra launched sensible accounts, larger staking limits, and improved scalability by means of key Ethereum Enchancment Proposals (EIPs). Options like EIP-7702 (enabling externally owned accounts to behave as sensible contracts) and EIP-7691 (rising knowledge blobs for layer-2 scalability) have enhanced Ethereum’s utility for dApps and sensible contracts, attracting builders and buyers.

Study extra: Ethereum Worth Prediction after Pectra Improve in Might

Like Bitcoin, Ethereum has seen vital quick liquidations, with $283 million briefly ETH positions worn out within the final 24 hours.

Warning forward

The crypto market is driving a wave of optimism pushed by easing commerce tensions, pro-crypto insurance policies, and powerful technical breakouts. Bitcoin’s surge previous $100k and Ethereum’s rally to $2,200 replicate a potent mixture of institutional inflows, quick liquidations, and macroeconomic tailwinds. 

Whereas dangers like potential Fed coverage shifts and technical pullbacks loom, the present momentum underscores crypto’s rising position as a mainstream asset class. Buyers ought to keep knowledgeable and cautious, because the market’s volatility stays a double-edged sword.