Crypto Update for May 5, 2025

The crypto market is buzzing with activity. Bitcoin ($BTC ) is trading near $95,400, eyeing resistance at $98,000. The iShares Bitcoin Trust ETF (IBIT) surged 14.3% in April, reflecting Bitcoin’s strength and drawing interest in custodial crypto investments. Meanwhile, $XRP faces bearish pressure, with short sellers pushing prices toward a potential drop below $2.05. Crypto funds saw $2 billion in inflows last week, totaling $5.5 billion over three weeks, led by Bitcoin. The market remains volatile but resilient, with growing institutional interest.

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