ETH Joins the Party: Altcoin Rally Defies Wall Street’s Bearish Whispers

BTCC / BTCC Square / Coindesk /

Author:

Release Time:

2025-05-09 16:32:57

CoinDesk Weekly Recap: Even ETH Is Up

Ethereum finally wakes up—climbs 12% while TradFi analysts scramble to explain how ’speculative garbage’ outperformed their gold ETFs.

Market Pulse: The entire altcoin complex gets a lift as Bitcoin dominance dips below 45%. Even legacy tokens like XRP and ADA post double-digit gains, suggesting this isn’t just a meme-coin frenzy.

Behind the Move: On-chain data shows whales accumulating ETH derivatives at the fastest pace since the Merge. Meanwhile, SEC chair’s ’crypto isn’t securities’ slip-up during a CNBC interview may have triggered algorithmic buy walls.

Cynical Take: Goldman Sachs will launch a ’blockchain exposure basket’ just in time for the correction—as is tradition.

By:

Log in to Reply

Coinbase’s Q1 Stumble and Deribit Gamble Leave Wall Street Split

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.