Bitcoin Soars $104K while altcoins surge and meme coins rebound. Catch up on the most trending crypto stories for May 9, 2025.
Bitcoin Soars Past $104K as Investors Return
Bitcoin surged above $104,000 today. The rally reflects growing investor confidence ahead of weekly close.
Ethereum followed closely, nearing $2,400. These price gains show renewed risk appetite across global markets.
See how BTC compares to 2024’s high
Altcoins Ride the Wave of Momentum
Altcoins like Solana, Cardano, and Avalanche gained sharply. Dogecoin also joined the bullish breakout.
Overall sentiment remains upbeat as capital flows back into digital assets.
Meme Coins Aren’t Done Yet: PEPE Bounces Back
PEPE Coin is up nearly 40% in 24 hours. Traders expect another breakout if it crosses $0.000014.
With a 65% upside in play, meme coins are once again drawing attention.
$800M in Liquidations as Shorts Get Wiped
The bullish surge caused over $800 million in crypto liquidations.
Most losses came from short positions across BTC, ETH, and SOL.
This volume spike indicates strong momentum, not just speculation.
Stablecoin Bill Stalls in U.S. Senate
The GENIUS Act—meant to regulate stablecoins—failed to pass in the Senate this week.
It signals that bipartisan crypto regulation still faces major hurdles.
Explore crypto regulation news
Quick Recap
- ✅ Bitcoin crossed $104K for the first time since April
- ✅ Ethereum nears $2,400; Solana and Cardano rally
- ✅ PEPE coin spikes, with major upside targets
- ✅ $800M in short liquidations show bullish strength
- ✅ Stablecoin laws still face gridlock in the U.S.
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