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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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Cryptocurrency market review: January 25, 2025
Today, the cryptocurrency market is showing active movements, attracting the attention of both institutional and private investors.
🔹 Bitcoin (BTC): Bitcoin continues to strengthen, surpassing the $30,000 level. The growth is associated with the approval of new crypto ETFs in the US and an increase in institutional investments. Experts note that breaking the key resistance at $30,500 could pave the way for higher levels.
🔹 Ethereum (ETH): Ethereum is trading around $1,920, showing a growth of +3% in the past 24 hours. The popularity of second layer solutions (Layer 2), such as Arbitrum and Optimism, is supporting interest in the ETH ecosystem.
🔹 Altcoins:
Solana (SOL): Rose by 5%, consolidating at $28. The strengthening is attributed to the increased activity in the NFT space and the improvement of the network infrastructure.
Ripple (XRP): After the news of potential XRP partnership expansion, it grew by 4%, reaching $0.56.
Polygon (MATIC): 6% growth in one day thanks to integrations with major corporate partners.
🔹 Market capitalization: The total market capitalization of cryptocurrencies has once again exceeded $1.3 trillion, indicating growing investor confidence.
🔹 Key factors:
Regulatory changes: Positive signals from US regulators continue to support the market.
Institutional Interest: The number of applications for launching crypto-ETFs and strategic investments in blockchain projects is growing.
Macroeconomic background: The weakening of the dollar and the growing interest in alternative assets are fueling demand for cryptocurrencies.
The market remains volatile, but the sentiment of participants is predominantly positive. If the upward trend continues, investors may see further growth in key assets in the coming weeks.