๐น Cryptocurrency Market Update
๐ Bitcoin ETF Inflows Surge
BlackRock's Bitcoin ETF ($IBIT) recorded a significant daily inflow of $674.9 million on May 3, 2025, indicating strong institutional interest in Bitcoin.
๐ Bitcoin Price Forecasts Reach New Highs
Leading financial institutions, including Standard Chartered and JPMorgan, have released bullish Bitcoin price forecasts for 2025, with some predicting targets as high as $250,000.
๐ Ripple Unlocks 1 Billion XRP Amid Acquisition Rumors
Ripple has unlocked 1 billion XRP from escrow for May 2025, amid rumors of a potential acquisition by Circle. The release was conducted in three separate transactions, totaling approximately $2.2 billion.