The crypto market on May 14, 2025, remains vibrant, with Bitcoin nearing its all-time high, altcoins surging, and meme coins drawing heavy speculative interest. Here’s a market recap of key developments in the past 24 hours.
Market Overview
- Bitcoin (BTC): BTC trades around $104,113, close to its record high of $108,786. FOMO is rising, but failure to break resistance could trigger a pullback.
- Ethereum (ETH): ETH surpassed $2,700, outpacing BTC’s gains. Strong capital inflows into altcoins, driven by the Pectra upgrade, fuel optimism.
- Meme Coins: MOODENG (+65%) and PIPPIN (+94%) led gains, while Pepe (PEPE), Dogecoin (DOGE), and Shiba Inu (SHIB) attracted flows via platforms like Bonkdotfun.
Daily Market Recap – Meme coins highlights
- $DAZHUANG: A meme coin inspired by the Viral Chinese Monkey is making waves in the crypto community.
- $RUSTY: Rusty The Rat, a Matt Furie’s rat, rises from $RATO’s ashes
- $PETUNIA: Might be the next big meme coin with its TikTok narrative
- $IKUN: A Chinese meme coin originated from a singer’s fandom
Key Developments
- Altcoin Capital Surge: The total market cap hit $3.39 trillion, with significant inflows into altcoins. The Fear & Greed Index eased to 70, signaling slightly tempered “greed.”
- SEC’s Crypto-Friendly Shift: SEC Chair Paul Atkins announced a pro-crypto regulatory approach, heralding a “new era,” though stablecoin legislation faces delays due to political disputes.
- U.S.-UK Trade Deal: A new trade agreement boosted risk-on sentiment, pushing BTC above $100,000 for the first time since February.
- Short Liquidations: $642 million in short positions were liquidated, reinforcing BTC and altcoin momentum.
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