While ADA remains under pressure, developers are optimistic about upcoming upgrades such as the Hydra protocol. The crypto market today is up by 0.59% to a market cap of $3.44T as of 10.40 AM on May 28, 2025. The rise reflects growing investor confidence amid institutional activity and steady ETF inflows. Bitcoin price today holds firm at $108,926.58 while Ethereum breaks past $2,600, posting a solid 3.38% gain. Most altcoins are in the green, with TRON, BNB, and Solana registering modest gains.

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Cryptocurrency prices are reflective of the current supply and demand trends for that digital asset. If buying pressure in the market outweighs selling pressure, the price will rise. Cryptoasset services offered by Uphold Europe Limited are unregulated and not covered by the Financial Services Compensation Scheme as well as the FCA’s consumer protection regulations. You should be aware and prepared to potentially lose some or all of your money.

All of these economic conditions influence the price of a specific coin/token in their own way. Bitcoin's recent pullback has established strong volume-based resistance near $108,300, with support forming in the $106,700-$107,000 zone. The author has not ai-robert.com received compensation for writing this article, other than from FXStreet. Cardano also flaunts a buy signal from the MACD indicator, confirmed when the MACD line (blue) crossed above the signal line (red).

Market overview: Easing trade tensions buoy crypto prices

It included five Ethereum Improvement Proposals (EIPs), namely EIP-3529, EIP-3198, EIP-3541, and most notably EIP-1559 and EIP-3554. Interestingly, less than two months after the London upgrade was implemented, the network had burned over $1 billion worth of Ether. Apart from our internal systems, OKX also provides users with various features and tools that can be used to protect their accounts and funds, such as 2FA via SMS or authenticator apps. We also employ the most advanced encryption techniques available to further secure both the cold and hot wallets, ensuring the safety of your assets. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Over the last few years, UK regulators have been introducing laws and legitimising the entire industry.

Top altcoins, including Ethereum (BTC), Solana (SOL) and Cardano (ADA), portray bullish outlooks, possibly building upon potential capital rotation as Bitcoin dominance consolidates at 64%. The price hike is supported by robust trading volume and $248 million in net inflows into spot Ethereum ETFs last week, led prominently by BlackRock’s iShares Ethereum Trust. The world’s largest cryptocurrency has surged over 56.9% in the past year. Bulls are holding firm, awaiting new macroeconomic cues or institutional capital injections to confirm the next leg upward.

These properties make Bitcoin a viable candidate for a store of value asset that serves a similar purpose to gold. Investors sometimes refer to Bitcoin as a deflationary currency to highlight the differences between BTC and fiat currencies. User balances are kept on a public ledger that is fully transparent and accessible to all. Similarly, anyone can operate a Bitcoin node or function as a Bitcoin miner, provided they have the necessary knowledge and resources. Bitcoin inspired the launch of other digital currencies that are collectively referred to as altcoins. Bitcoin doesn’t have a CEO, a headquarters, or a company that’s in charge of it.

• In addition to the direct impact on the price, there may also be indirect ones.
• They have revolutionized the digital asset space because they have enabled decentralized exchanges, decentralized finance, ICOs, IDOs and much more.
• These crypto coins have their own blockchains which use proof of work mining or proof of stake in some form.
• Unlike fiat currencies, many cryptocurrencies, such as BTC,DOT,SOL, often have a fixed total supply or issuance rate.
• Bitcoin can be sent across the globe on a 24/7 basis and is not controlled by any intermediaries.

It’s a protocol consisting of users running software that conforms to the protocol’s rules. Developers across the globe are constantly working on improvements to the Bitcoin protocol, with the most prominent project being the Bitcoin Core client. The market capitalization of Bitcoin can change significantly as the BTC market goes through its various cycles.

On-chain data

However, with the rise of new digital currencies since Bitcoin’s first block in 2009, Bitcoin dominance has fallen from 100% in 2013 and 88% in 2014 to just 38% in 2022. Bitcoin is a decentralized digital currency that uses cryptography to secure transactions and control the supply of new coins. It operates on a peer-to-peer network, where every transaction is recorded on a public ledger called the blockchain.

Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. At NewsBTC, we recognize that the value of these tools extends beyond mere numbers. These tools are designed to aid both technical traders and long-term investors in making more precise decisions based on historical data and current market conditions.

We have secured a 20% discount on all your MEXC Global trading fees—valid for up to a lifetime! We have secured a 20% discount on all your Binance trading fees—valid for up to a lifetime! ETH price stood at $2,649.55, marking a 24-hour jump of 3.23 percent at the time of writing. The altcoins market sustains the uptrend momentum, with decentralized finance (DeFi) and meme coins leading the way, despite the short-term volatility in Bitcoin (BTC), signaling a chance of a new altseason. Key monitoring levels on the downside include $106,639 (weekend support) and the demand area around $100,635, tested last on May 12.