Cryptocurrency Market Information for May 9, 2025
On May 9, the cryptocurrency market recorded a notable fluctuation. ETH just broke through the $2,200 level and is currently trading at $2,203.91 per coin. The daily increase reached 7.42%. This is an exciting scene in the cryptocurrency market, where price volatility often creates many opportunities.
In addition, BTC has also broken through the $102,000 threshold, increasing by 1.24% for the day. Yesterday, BTC surpassed the $101,000 level, rising 4.29%. These figures show the strong price increase trend of current top cryptocurrencies.
In the past 24 hours, the total liquidation value of network contracts reached $492 million, mainly short-selling orders. This information indicates a strong shift from short sellers to buyers as prices rapidly increase.
Furthermore, Abraxas Capital withdrew 49,644 ETH from major exchanges, equivalent to nearly $92 million. This could be a notable investment strategy or asset reallocation, showing significant moves by institutional investors in the cryptocurrency market.
This information aims to provide insights into the market and is not investment advice. Investors should be cautious and make decisions based on their own research.
