Crypto rallies on May 12, 2025. Bitcoin nears ATH, ETH surges past $2.6K. Altcoins like PEPE and DOGE signal bullish continuation.
On May 12, 2025, Bitcoin (BTC) soared past $105,000, marking a significant milestone in the crypto market. Ethereum (ETH) followed suit, climbing above $2,600 and setting sights on the $3,000 mark. This bullish trend reflects growing investor confidence and increased institutional interest.Cryptonews+2Coinpedia Fintech News+2CoinDesk+2Crypto Basic
Market Highlights
- Bitcoin (BTC): Currently trading at $104,507, with a market cap exceeding $2 trillion. Yahoo Finance+3Yahoo Finance+3Bitcoin News+3
- Ethereum (ETH): Trading at $2,564.71, up 3.49% today, with a 42% gain over the past week. CryptoRank+4CoinCodex+4FX Leaders+4
- XRP: Surged to $2.47 following Ripple’s legal victory over the SEC, with analysts predicting a breakout to $15 in 2025. fingerlakes1.com
Notable Developments
- Eric Trump’s Bitcoin Mining Firm to Go Public: American Bitcoin, co-founded by Eric Trump, announced plans to go public through a merger, aiming to become a leading investment platform for accumulating Bitcoin. Crypto Basic+5Reuters+5Investopedia+5
- Meta Explores Stablecoin Deployment: Meta is reportedly re-entering the cryptocurrency space by exploring the deployment of stablecoins as a payment solution on Facebook and WhatsApp.
- Ethereum’s Pectra Upgrade: Ethereum’s market capitalization surged 42% in five days following the successful launch of its Pectra upgrade, flipping companies like Coca-Cola and Alibaba.
