As of May 8, 2025, the cryptocurrency market is experiencing a significant bullish trend, with the total market capitalization surpassing $3 trillion for the first time in over eight weeks . Below is an overview of the latest market movements and the key factors driving this upward momentum.


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📈 Market Overview

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🚀 Reasons Behind the Bullish Market

Several factors are contributing to the current bullish sentiment in the crypto market:

1. Optimism Over U.S.-U.K. Trade Deal

      

2. Federal Reserve's Steady Interest Rates

    

3. Regulatory Developments

    

4. Ethereum's 'Pectra' Network Upgrade

  

5. Speculation Around XRP and SEC Developments

    


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📊 Top Gainers Today

Bitcoin (BTC): 

Ethereum (ETH): 

EOS: 

PENGU:   



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📰 Other Notable News

LockBit Ransomware Website Hacked✅

Robinhood's Blockchain Plans✅

Arizona's Bitcoin Reserve Fund✅