Bitcoin Eyes $70K as ETH Gas Fees Strangle Traders – Crypto Market Wrap May 8

Crypto markets flirt with record highs while Wall Street scrambles to justify its 2% yield fantasies. BTC tests resistance at $68K as institutional inflows hit $1.3B this week alone. Meanwhile, Ethereum network congestion sends gas fees soaring past $50 per swap – because nothing says ’scalability’ like paying a dealership markup for every grocery run.

Altcoins mirror BTC’s bullish momentum, with SOL and XRP posting 15% weekly gains. Analysts point to the looming ETH ETF decision as the next potential catalyst... or another excuse for ’sell the news’ carnage. Remember kids: in crypto, ’price prediction’ is just astrology for MBAs.

Coinbase acquires options broker Deribit in sweeping $2.9 billion deal

Crypto exchange Coinbase revealed that it is acquiring options broker Deribit for approximately $2.9 billion, comprising $700 million in cash and 11 million shares of Coinbase Class A common stock, subject to customary purchase price adjustments.

Crypto Today: BTC price hits $100K as Trump announces UK trade deal, boosting Ethereum, PEPE and Chainlink

The cryptocurrency sector valuation crossed the $3.1 trillion market on Thursday, as markets reacted to bullish macro pointers. 

Bitcoin breaks $100,000 again as US trade talks fuel crypto rally

Bitcoin price crossed $100,000 on Thursday and hovers around $101,525, at the time of writing. The largest cryptocurrency ignited a rally in meme coins, AI tokens and altcoins in the top 100 cryptos by market capitalization.