On April 9, 2025, the cryptocurrency market experienced a rapid surge, possibly influenced by:
1. Bitcoin breaking resistances (e.g., surpassing US$ 80K–100K), generating FOMO and leveraged buying.
2. Macroeconomic factors, such as expectations of Fed interest rate cuts or a weaker dollar, increasing risk appetite.
3. Institutional adoption, such as the approval of Ethereum ETFs or the entry of large traditional players.
4. Hype surrounding altcoins, including memecoins (DOGE, SHIB) or DeFi/AI projects, with speculative pumps.
5. Technical events, such as token burns, network upgrades (Ethereum, Solana), or news of supply burns.
Risks: Abrupt movements can lead to corrections due to profit-taking, especially if negative news arises (regulation, hacks).
If there was a specific trigger on that day (e.g., announcement from a large company or regulatory change), the impact may have been even more intense.
