Crypto Market Update โ€“ May 2, 2025

๐Ÿ”ป Market Overview

Bitcoin (BTC) is trading at $57,482, down by 4.5% in the last 24 hours.

Ethereum (ETH) is at $2,927, experiencing a 2.4% decline.

The total global crypto market cap has dropped by 2.67%, currently standing at $2.15 trillion.

๐Ÿ“ˆ Top Gainers

Solana (SOL) is performing well, up 3.6%, trading at $130.

XRP has shown a 1.5% increase, now priced at $0.51.

Axelar (AXL) is the biggest gainer of the day with an 11% surge.

๐Ÿฆ Economic Factors

The US Federal Reserve has maintained interest rates between 5.25% and 5.5%, causing some market uncertainty.

Over $500 million has been pulled from Bitcoin ETFs, reflecting a cautious investor sentiment.

๐Ÿ”ฎ Market Outlook

Experts believe the crypto market could reach new highs in the second half of 2025.

Bitcoin may climb to $100,000.

Solana could reach $600.

Predictions for Ethereum vary, ranging between $3,000 to $7,000 depending on market developments.