🚨 Daily Market Update – May 14, 2025 What a wild day across...

🚨 Daily Market Update – May 14, 2025

What a wild day across the markets. Bitcoin officially smashed through the $104,000 level today, nearing its all-time high and showing no signs of slowing down. Analysts are crediting a mix of institutional inflows, growing optimism around the upcoming Ethereum ETF approval, and macro tailwinds from today’s U.S. inflation data.

Speaking of inflation — the new CPI report came in cooler than expected. April’s numbers show just a 0.3% month-over-month rise, bringing annual inflation down to 3.3%. That’s a solid drop from last month and has the markets buzzing about a possible rate cut coming sooner than expected. Wall Street reacted fast. The Nasdaq led the way with a strong gain, followed by the S&P and Dow, both in the green by mid-afternoon.

In crypto news, the industry made headlines today after top executives publicly praised Donald Trump’s pro-crypto stance during a major industry event. Many CEOs said it’s time for clear rules and they believe Trump is the only candidate serious about delivering regulatory clarity. Some even went as far as calling him the “first true crypto president.”

Ethereum also saw a solid jump, reclaiming the $3,000 mark as sentiment improves across the board. Solana, Avalanche, and other major altcoins rallied as well, following Bitcoin’s surge. There’s also growing talk that Ethereum spot ETFs could be approved within the next couple weeks, which would be a massive moment for the space.

Overseas, China’s retail sales and industrial output came in weaker than forecasted, raising new concerns about global growth. That news put a little pressure on oil and commodity prices, but overall risk appetite stayed strong thanks to the CPI surprise in the U.S.