BTC Holds $103K ETH Below $2.5K
The post BTC Holds $103K ETH Below $2.5K appeared on BitcoinEthereumNews.com.
Crypto market on May 17 showed volatility after $3.2B options expiry; BTC >$103k, ETH <$2.5k Bitcoin (BTC) trading volume declined 12.18%; Ethereum (ETH) had better relative liquidity Altcoins saw mixed performance (Solana up, XRP flat); Fear & Greed Index read 68 (cautious hope) The crypto market showed mixed movements on May 17, 2025, following the expiry of $3.2 billion in options agreements. This big event definitely stirred up volatility across major tokens as the markets adjusted before the week’s last trading session. While Bitcoin (BTC) managed to stay above the $103,000 mark, Ethereum (ETH) fell below $2,500, even as overall trading volumes declined alongside what the draft termed a risk-averse sentiment. Bitcoin Faces Tight Range, Softer Trading Volume Bitcoin (BTC), for instance, opened the day with its price swinging between $102,500 and $104,000, a sign of the ongoing uncertainty in the market. As of press time on May 17, BTC was trading at $103,632.41. This marked a 0.36% decrease over the preceding 24 hours. The leading crypto asset’s market capitalization also dipped, coming in at $2.05 trillion, with its fully diluted valuation (FDV) at $2.17 trillion. But its trading volume told a different story, dropping 12.18% to $44.88 billion. This brought the volume-to-market cap ratio for Bitcoin down to 2.17%, signaling that trading activity was relatively lower compared to its overall market value. Related: Total Market Cap Nears $3.5 Trillion: Where is the Money Flowing? Ethereum Breaks Key $2,500 Support After Reversal Ethereum (ETH), on the other hand, took a hit, mirroring the general market’s cautious tone and closing the same 24-hour window with a 3.51% loss. The asset’s price dropped to $2,495.94, falling below the key $2,500 support level and pulling its market cap to $301.32 billion. With a fully diluted supply of 120.72 million ETH, its FDV was…
Filed under: News - @ May 17, 2025 10:26 am