Crypto News 5/5/2025 – Bitcoin Maintains Uptrend, Are Altcoins About to Explode?

On May 5, 2025, the crypto market continues to maintain a positive trend. Bitcoin (BTC) is currently trading around $95,528, with a daily high of $96,416. According to analyst Michaël van de Poppe, BTC needs to hold the support area of $91,500–$92,000 to establish a new all-time high.

Meanwhile, altcoins are showing signs of preparing for a strong surge. Coins like SOL ($147.02), WLD ($0.9458), and RNDR ($4.33) are attracting investor attention. Notably, PEPE has slightly increased by 1.33% in the past 24 hours, indicating growing interest from the community.

Another noteworthy piece of news is that FTX is expected to distribute $16 billion in cash to creditors on May 30, which could impact the liquidity of the crypto market.

With the current developments, the crypto market is in a consolidation phase before entering a vibrant altcoin season.

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