Bitcoin Back Above $104,000 As The Market Gets A Huge Boost

Blockchain, Bitcoin, Cryptocurrency, Exchange, Virtual

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This Week’s Summary

  • The cryptocurrency market looks set to end the week at a total market capitalization of around $3.33 trillion.
  • Bitcoin increased by nearly 10% to trade at around $104,000
  • Ethereum rose by over 37% to trade at around $2,500.
  • XRP moved up by 8%, Solana by 18%, and Dogecoin by 34%.
  • Almost all altcoins have been seen trading in the green, with almost no exceptions.
  • The DeFi sector increased the total value of protocols (TVL) to around $117 billion.


Crypto Trends for the Week of May 4-11, 2025: Market Analysis and Performance

The cryptocurrency market has enjoyed a spectacular, albeit unexpected, recovery that pushed all cryptocurrencies far above the red line. While last week was all doom and gloom, this time around, everyone rejoiced at the double-digit value boosts seen across the board.

It seems that a significant melting in the once-frozen financial war between the US and China rejuvenated all financial markets. The cryptocurrency market has not been an exception. This is visible in the market capitalization returning above the $3 trillion threshold following a $360 billion boost.

Bitcoin started trading below $100,000 in the week. However, that didn’t last long as the massive wave of optimism sweeping the financial world reached the cryptocurrency industry. As a result, BTC increased and swiftly overcame the $100,000 level. From there on, the king of cryptocurrencies continued to grow. Recently, it has been seen trading at only a little above $104,000.

Ethereum soared above the $2,000 level after a whopping 37% value increase. The second cryptocurrency in command benefited from the recent market upturn. Its most recent upgrade, Pectra, solved many long-term issues and reinstated the investors’ trust in the coin. ETH has recently been seen trading at around $2,500.


Altcoins & DeFi

Most altcoins have been trading in the green, with almost no exceptions. For example, XRP moved up by 8%, Solana by 18%, Cardano by 16%, TRON by 6%, Avalanche by 23%, Sui by 21%, and Stellar by 13%.

The memecoins have also been on the rise. For instance, Dogecoin increased by 34%, Shiba Inu by 24%, and Pepecoin by 65%.

The Metaverse sector also witnessed some notable movements over the past week. For instance, Axie Infinity moved up by 32%, Stacks by 30%, and Floki by 37%. Meanwhile, Decentraland is up by 26%, Render by 19%, and ApeCoin by 32%. The Sandbox increased by 28%, MultiversX by 24%, and Virtuals by 15%.

The DeFi sector increased the total value in locked protocols (TVL) by nearly $16 billion to reach around $117.29 billion.


What’s in the News?

  • New Hampshire became the first US state to allow its treasury to invest in cryptocurrency assets after Governor Ayotte signed House Bill 203 into law this week.


Next Week’s Crypto Market Forecast

The cryptocurrency market has enjoyed some of its best days this year. Few expected the sector to react with such optimism to the recent news about the financial war between China and the US. Fortunately, stopping the said war will only help this trend continue and improve.


About the Author

Born and raised in Romania, and currently living in Spain. Iulian discovered a knack for writing from a tender age, and even won some minor awards for fiction that didn't pay much.

Iulian became a content writer in 2011, and he is still doing it to some degree of success today. He is currently specialized in cryptocurrencies, technology, online marketing, and social media. In his free time, Iulian likes reading, traveling, and watching sports. His dream is to see Bitcoin reach $100,000 just so he can tell his friends “I told you so."


More By This Author:

Bitcoin Surges To $94,000 In Spectacular Market Revival
Bitcoin Stagnates At $84K, But Altcoins Drop More
Bitcoin Survives Tariff Hysteria And Extremely Volatile Week

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