Market Highlights 4th May 2025
Bitcoin (BTC): Trading near $95,704, Bitcoin remains a focal point for institutional investors, buoyed by the growth of crypto ETFs and expectations of a continued bull run .
Ethereum (ETH): Currently priced at $1,836.96, Ethereum is exhibiting a consolidation pattern, often referred to as "coiling up," which may precede a significant breakout .
Altcoin Season: Analysts anticipate an imminent surge in altcoin activity, signaling the onset of "alt season," where alternative cryptocurrencies may outperform .
Regulatory Developments: The U.S. House of Representatives is expected to release a draft cryptocurrency regulation ahead of a hearing on May 6, potentially impacting market sentiment .
FTX Creditor Payout: FTX plans to distribute $16 billion in cash to its creditors by May 30, which could inject significant liquidity into the crypto market .
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