Ethereum still on the up as wider markets consolidate

May 14, 2025
James Bowater

📈 BTC holds steady – Bitcoin up 1% as markets consolidate after last week’s rally.

🚀 ETH momentum continues – Ethereum gains 7% overnight, now up 60% over 30 days.

📊 Small-caps push ahead – GRT, MKR, and PYTH each rise 8%+ as altcoin optimism builds.

BITCOIN (BTC) is holding steady after a brief pullback, gaining 1% overnight and continuing to trade near last week’s highs.

Investors appear to be pausing, taking profits and assessing next moves after the recent market leg up.

Ethereum (ETH) remains the standout performer among large-caps. The smart contract pioneer has risen more than 7% in the past 24 hours, building on momentum from last week’s Pectra upgrade. ETH is now up over 40% for the week and more than 60% in the past month.

Among smaller tokens, names like The Graph (GRT), Maker (MKR), and Pyth Network (PYTH) are seeing strong upside, each posting daily gains of 8% or more as altcoin sentiment improves.

Still, market participants note that volumes remain below the levels seen during Bitcoin’s string of all-time highs late last year. While optimism is building, broader global uncertainty, particularly around trade tensions and macroeconomic risks, continues to temper enthusiasm.

Will a new BTC high be the spark that reignites full-scale investor interest? Markets appear to be waiting for a clear catalyst.

In the markets… 

🌍 Total crypto market cap ⬆️

The global cryptocurrency market capitalisation is approximately $3.17 trillion, reflecting a 2.16% increase over the last 24 hours.

🟠 Bitcoin (BTC) ⬆️

Price: Currently trading at around $103,667, marking a 1.03% increase in the last 24 hours.

Daily high: Approximately $104,you 836

Daily low: Approximately $102,651

📈 S&P 500 ⬆️

The S&P 500 index is up about 0.72% since yesterday.

🥳 Fear & Greed Index

The Crypto Fear & Greed Index currently stands at 74/100, indicating “Greed” among investors.

📊 Bitcoin Relative Strength Index (RSI) (14)

The RSI for Bitcoin is approximately 49, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.

‍Post Script…

Cautionary Notes

‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.