Crypto Update – May 5, 2025
Bitcoin ($BTC) is trading near $95,400, showing strong momentum as it eyes the $98,000 resistance. In April, the iShares Bitcoin Trust ETF (IBIT) surged 14.3%, reflecting growing institutional interest.
Meanwhile, $XRP faces bearish pressure, with rising short positions possibly pushing it below $2.05.
Crypto funds saw $2B inflows last week, totaling $5.5B over three weeks—Bitcoin leading the charge. Despite volatility, market sentiment remains resilient.
#BitcoinReserveDeadline
