Phantom Portfolio update: Show balances and prices immediately in 50 currencies to enhance encryption trading | Flash news details

The cryptocurrency market is constantly developing with new tools and features that enhance the user experience and trading efficiency. On May 7, 2025, PHANTOM, a famous encryption portfolio, announced a large update that allows users to display balances and prices at approximately 50 different currencies with only a few clicks. This update, via the official Twitter account, indicates that it is pushed towards more access and ease of use for global merchants. As the Crypto market continues to integrate with traditional financial systems, these features can affect trading behavior, especially for retailers who depend on easy -to -use interfaces to make quick decisions. This development comes at a time when the stock market shows mixed signals, as it gained the S&P 500 0.8 % to close at 5,200 points on May 6, 2025, while the Nasdaq boat witnessed a slight decrease from 0.3 % to 16,300 points on the same day, which reflects a variety of risks between investors. Securities market movements are often associated with transformations in encryption morale, as capital traders revolve between asset categories based on macroeconomic trends and technology -based innovations. PHANTOM Update can play a pivotal role in attracting new users to the encryption space, especially since the cross -border trading becomes smoother with multi -currency support. This feature not only simplifies the tracking of the wallet, but also corresponds to the increasing demand for tools that exhaust the ecosystems for encryption and encryption, which may affect trading volumes on the main stock exchanges.

From the trading perspective, the PHANTOM Multicultural feature can lead to increased activity in the main encryption markets, especially for BTC and ETHEREUM (ETH), which are still the most seized assets among retailers. On May 7, 2025, at 10:00 am UTC, BTC was trading at $ 62,500 with 24 -hour trading volume of $ 28 billion via major stock exchanges such as Binance and Coinbase, while Eth was $ 3100 with a volume of $ 12 billion, according to data from Coingecko. The ability to display price in local currencies may reduce entry barriers for new traders in emerging markets, which is likely to enhance the volume of trading pairs such as BTC/USD and ETH/USD and even Altcoin pairs such as Sol/USD, given the Phantom association with the Solana ecological system. In addition, this update can indirectly affect coding shares such as Coinbase Global (COIN), which saw an increase of 2.5 % to $ 215 per share on May 6, 2025, during trading after hours, reflecting optimism in the infrastructure growth of encryption. Since the stock market investors are watching technology and block companies, these portfolio updates often indicate a high retail interest, which can outperform the adoption and high trading activity. Merchants should monitor short -term fluctuations in Solana (SOL), which was traded at $ 145 a size of $ 2.1 billion on May 7, 2025, at 11:00 am International time, as the expansion of the Phantom user base can pay the demand for Sol.

Technical indicators also highlight the potential trading opportunities associated with this news. On the BTC/USD pair, the RSI index (RSI) sat at 55 on the graph for 4 hours as of May 7, 2025, at 12:00 pm UTC, indicating a neutral momentum but a space for the bullish movement if retail flows increased. Meanwhile, ETH/USD showed a convergence of rapprochement (MACD) bullish exchange in the same time frame, indicating possible price gains if the size exceeds 10 billion dollars per day. The scales on the chain also support optimistic expectations with caution, as the active Bitcoin addresses increase by 5 % to 620,000 on May 6, 2025, for all Glassnode data, which reflects the growing network activity. In connection with the stock markets, the heavy S&P 500 codes are often preceded, as it appears at a rise of 0.7 % in the correlation coefficient between BTC and NASDAQ over the past thirty days. The flow of institutional funds is still a major factor, as 150 million dollars were reported in net flows to Bitcoin’s investment funds on May 5, 2025, according to Bloomberg data, indicating constant interest in traditional financial players. For encryption traders, this market dynamic refers to a long -term BTC and ETH if the stock indicators maintain upward momentum during the week.

Finally, the interaction between stock and encryption markets emphasizes the importance of monitoring institutional behavior. Since the PHANTOM update is easier to access the retailers easier, it may encourage more capital rotation to encryption, especially in Solana. You can see encryption stocks such as metal currency and Microstrategy (MSTR), which rose by 1.8 % to $ 1,250 per share on May 6, 2025, along with more upward trend if retail adoption is accelerating. Traders should remain vigilant to increase fluctuations in the encryption markets around the main stock market ads, as delicious risk seizures can exaggerate price fluctuations in assets such as BTC and Sol. With the Phantom feature display, the encryption market may witness an accurate but remarkable transformation in the population composition of users and trading sizes in the coming weeks.

Instructions:
What is the effect of Phantom’s multi -currency feature on the encryption trade?
Phantom update on May 7, 2025, allowing users to display balances and prices at approximately 50 currencies, simplifies the portfolio management and reduces the barriers allocated to new traders. This may increase trading volumes of major assets such as Bitcoin and Ethereum, as well as Solana -based symbols, given the ecosystems of PHANTOM.

How are the stock market movements related to encryption prices in this context?
Securities market trends, such as the S& P 500 gain, at 0.8 % on May 6, 2025, often affect the encryption morale. The increasing relationship between technology indicators such as NASDAQ and Bitcoin indicates that the performance of the positive stock market can support encryption pools, especially with increased access to retailer through tools such as Phantom.