Crypto Price Today (May 2, 2025): MOVE Token Drops 20%, IMX Spikes 11%; Bitcoin Breaks $97K with Steady Gains (100 words)
On May 2, 2025, the cryptocurrency market
experienced notable movements:
Bitcoin (BTC) surpassed the $97,000 mark, reaching an intraday high of $97,838. This surge reflects a steady upward trend, with BTC trading at $96,525 at the time of reporting.
MOVE Token plummeted by over 20%, hitting a low of $0.18 before slightly recovering to $0.20. This decline followed Coinbase's announcement to delist MOVE on May 15, amid a market-making controversy involving Movement Labs' co-founder.
Immutable (IMX) emerged as a top performer, climbing nearly 12% to $0.639. The rally was fueled by a breakout from a prolonged downtrend and a significant 300% increase in trading volume.
Overall, while Bitcoin's ascent bolstered market confidence, specific tokens like MOVE faced challenges due to internal issues, whereas IMX benefited from renewed investor interest.
