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Crypto up 10.3% in May amid global uncertainty
June 13, 2025
|The New Indian Express Kannur
DESPITE uncertainty in global trade policies, the crypto market maintained its upward momentum in May 2025 as it gained 10.3% month-on-month, according to Binance Research, the research and analysis arm of Binance.
Bitcoin performed strongly as it surged 11.1% in May and reached an all-time high of $111,970 before experiencing a slide for the third day in a row on Thursday. Riya Sehgal, Research Analyst, Delta Exchange said Bitcoin's rally above $110,000 faces short-term selling pressure, with support near $107,200 critical.
"Ethereum, after strong bullish momentum, now corrects around $2,750 support, which must hold for further gains. These trends align with softer May US CPI data, which came in 0.1% lower MoM, putting YoY inflation at 2.4%, slightly below the market's 2.5% forecast," he added.
هذه القصة من طبعة June 13, 2025 من The New Indian Express Kannur.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Kannur
The New Indian Express Kannur
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