As of 23 May 2025, the cryptocurrency market is showing positive momentum, growing on the back of optimism about regulatory changes in the US and growing institutional interest.
Key Indicators
– Total market capitalisation: $3.53 trillion, up 0.66% over the last day.
– Total trading volume: $456.35bn.
– Bitcoin dominance: 62.38%.
Bitcoin (BTC)
– Current price: $110,856.
– 24-hour high: $111,970.
– Low for the day: $110,404.
Bitcoin continues to consolidate around the $111,000 level, showing stability after reaching an all-time high.
Ethereum (ETH)
– Current price: $2,657.17.
– 24-hour high: $2,727.05.
– Low for the day: $2,664.70.
Ethereum is showing positive momentum, approaching the $2,700 level, which could indicate a potential breakout in the near future.
Other cryptocurrencies
– Solana (SOL): $186, up 23% for the month, capitalisation $96.7 billion.
– BNB: $698, up 9% for the month, capitalisation $98.2bn.
Technical analysis
– Bitcoin: Relative Strength Index (RSI) at 54.21 indicates balanced momentum, which could precede continued upside or a short-term pullback.
– Ethereum: A bull flag formation on the daily chart and rising trading volumes could indicate a potential breakout to the $4,000 level.
General trends
The cryptocurrency market continues to grow on the back of positive news about regulatory changes in the US and growing institutional interest. However, investors should be cautious given the potential market fluctuations.
