Bitcoin soared past $100K while Ethereum and Pepe exploded as investor sentiment soared after US President Donald Trump announced a US-UK trade deal.
A tsunami of cash flowed into the crypto market as Ethereum spiked 20% to over $2,386 and PEPE soared 31% to lead gainers among the biggest cryptos. Bitcoin surged 4.9% to trade at $103,965 as of 3:53 a.m. EST, bursting past $100k for the first time since February.
Trump praised the US-UK trade deal as a ”breakthrough” that will bring down barriers and expand market access for American imports. Full details of the pact are still to be negotiated.
Crypto Fear And Greed Index Reaches Levels Last Seen In January
Tthe Crypto Fear And Greed Index jumped 8 points to a “Greed” reading of 73, its highest reading since Jan. 31, when it reached a score of 76
It is also a substantial improvement from the “Extreme Fear” reading of 18 that was reached just a month ago at the height of Trump’s global trade war.Meme Coins Explode
The meme coin sector’s market cap skyrocketed 22.3% to $62.9 billion, according to CoinGecko.
Sector titan Dogecoin surged 13.9%, while Brett and Fartcoin led gains among the biggest meme coins with 32% and 22% pumps, respectively. Moo Deng soared 162% and Peanut the Squirrel skyrocketed 67%.
Metaplanet Doubles Down On Bitcoin
Bitcoin’s pump past $100k led market sentiment and Japan’s Metaplanet announced in May 9 statement that it would raise an additional $21.5 million via a bond issue to buy more Bitcoin
Bitcoin has overtaken Amazon’s market cap $BTC is now the 5th most valuable asset on the planet
What’s next?#BTC #Bitcoin #Crypto pic.twitter.com/8KTJ7pEBkA
— SoSoValue (@SoSoValueCrypto) May 9, 2025
That follows the purchase of $53.4 million worth of Bitcoin that it announced on May 7, along with plans to issue $25 million in zero-coupon bonds to fund yet more Bitcoin purchases.
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