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Crypto Prices Today: Bitcoin Price Stable at $94,498, XRP and Solana Decline
The crypto market today, as of May 6, 2025, at 10:41 AM, is down by 0.08%. It has a global market capitalization of $2.94 trillion. Bitcoin price is steady at $94,498, with institutional demand increasing. Altcoins such as Ethereum and XRP are down, except BNB. Discussions in the US about stablecoin regulation have resulted in market uncertainty. Corporate purchases of Bitcoin are expected to reach $330 billion by 2029. Check the details.
Crypto prices today show bearish sentiment. Bitcoin has registered a minor correction of 0.08% over the last 24 hours. Other altcoins have followed suit. Ethereum, XRP, Solana, and the rest have experienced small losses ranging from 0.22% to 2.4%, approximately. Meanwhile, BNB has been today’s exception, indicating gains of 1.6%. The crypto market today is driven by regulatory turbulence and growing institutional interest.
Crypto Prices Today
Let’s explore the movements in the top ten cryptocurrencies today along with major drivers to make informed decisions:
Bitcoin (BTC) Stability Amid Growing Institutional Interest
The current Bitcoin price is $94,498.09 with a marginal fall of 0.08%. Market capitalization is around $1.88 trillion, with 24-hour trade volume at $23.27 billion. The circulating supply is 19.86 million BTC.
Institutional demand for Bitcoin continues to rise. According to Bernstein analysts, company purchases of BTC may hit $330 billion by the end of 2029. Michael Saylor's MicroStrategy (MSTR) is expected to be a major player, possibly buying an additional $124 billion in BTC. Last week, the company announced a $21 billion at-the-market common stock offering to fund further Bitcoin acquisitions.
Public corporations presently own about 720,000 BTC or 2.4% of the total Bitcoin supply. Bernstein analyst Gautam Chhugani cited, "The US pro crypto regulatory regime has further accelerated the corporate ownership growth of bitcoin."
Altcoins Experience Broad Declines
Here’s the list of altcoins that experienced minor corrections over the last day:
Ethereum: The current ETH price is $1,807.20, down by 0.22%. Its market cap is $218.19 billion with a trading volume of $11.23 billion.
XRP: It is trading at $2.12, down by 1.87%. Market capitalization is $124.14 billion with a volume of $2.47 billion.
Solana: SOL is at $144.77, down 1.03%. The market cap is $75.02 billion, and the trading volume is $2.18 billion.
Cardano: The current ADA price is $0.6626, down 2.46%. Market capitalization is $23.40 billion with a volume of $654.24 million. It has witnessed the biggest losses today among the top ten cryptocurrencies.
TRON: TRX is at $0.2473, down 0.83%. Its market cap is $23.48 billion with a volume of $473.08 million.
BNB Shines with Gains
Compared to the overall market, BNB incdicated uptrend. It is up 1.60% in the last 24 hours, currently priced at $599.35. The market capitalization stands at $84.44 billion, while trading volume is $1.47 billion.
BNB's upbeat performance can be attributed to the recent news of VanEck's application for a spot BNB ETF. Thus, indicating rising institutional demand for the asset.
Meme Coins: Dogecoin's Modest Decline
Dogecoin is selling at $0.1699, down by 1.10% within the last 24 hours. The market capitalization stands at $25.35 billion and has a trading volume of $677.23 million.
Regardless of the latest drop, the analysts indicate hope for growth. Some predictions suggest DOGE is likely to increase to $0.40 come May 2025, spurred by technicals and on-chain metrics.
Stablecoins Hold Peg Under Legislative Scrutiny
Stablecoins are showing negligible price fluctuations:
Tether: USDT is trading at $0.9998 with a small decline of 0.02%. Its market cap is $149.34 billion with a volume of $49.23 billion.
USD Coin: USDC is trading at $0.9999 with no change in the last 24 hours. Market capitalization is $61.79 billion with a trading volume of $8.23 billion.
Stablecoins, though, are facing legislative scrutiny in the US. Democrats have shown disagreement over the recent Stablecoin bill. They alleged possible conflicts of interest surrounding President Trump and his sons' engagement in the crypto sector.
Senator Elizabeth Warren stated, "It smells like corruption." He referred to a $2 billion investment in Binance by a state-owned Abu Dhabi investment company via a stablecoin backed by President Trump and his sons.
Regulatory Developments
The US is advancing to create a regulatory regime for digital assets. The House Financial Services Committee and the House Agriculture Committee have issued a draft bill to create a clear set of guidelines for the crypto sector. Representative Glenn "GT" Thompson said, "It will give digital asset developers and users the certainty they need and have asked for."
Market Outlook
The downward trend highlighted by crypto prices today shows the global economic turmoil and rising geopolitical tensions. As the market deals with these institutional interests and regulatory developments, investors must stay informed. Short-term volatility is expected in the crypto market until more clarity is provided over the evolving crypto laws.
#Holi_Box
#article
#BTC
$BTC
Crypto prices today show bearish sentiment. Bitcoin has registered a minor correction of 0.08% over the last 24 hours. Other altcoins have followed suit. Ethereum, XRP, Solana, and the rest have experienced small losses ranging from 0.22% to 2.4%, approximately. Meanwhile, BNB has been today’s exception, indicating gains of 1.6%. The crypto market today is driven by regulatory turbulence and growing institutional interest.
Crypto Prices Today
Let’s explore the movements in the top ten cryptocurrencies today along with major drivers to make informed decisions:
Bitcoin (BTC) Stability Amid Growing Institutional Interest
The current Bitcoin price is $94,498.09 with a marginal fall of 0.08%. Market capitalization is around $1.88 trillion, with 24-hour trade volume at $23.27 billion. The circulating supply is 19.86 million BTC.
Institutional demand for Bitcoin continues to rise. According to Bernstein analysts, company purchases of BTC may hit $330 billion by the end of 2029. Michael Saylor's MicroStrategy (MSTR) is expected to be a major player, possibly buying an additional $124 billion in BTC. Last week, the company announced a $21 billion at-the-market common stock offering to fund further Bitcoin acquisitions.
Public corporations presently own about 720,000 BTC or 2.4% of the total Bitcoin supply. Bernstein analyst Gautam Chhugani cited, "The US pro crypto regulatory regime has further accelerated the corporate ownership growth of bitcoin."
Altcoins Experience Broad Declines
Here’s the list of altcoins that experienced minor corrections over the last day:
Ethereum: The current ETH price is $1,807.20, down by 0.22%. Its market cap is $218.19 billion with a trading volume of $11.23 billion.
XRP: It is trading at $2.12, down by 1.87%. Market capitalization is $124.14 billion with a volume of $2.47 billion.
Solana: SOL is at $144.77, down 1.03%. The market cap is $75.02 billion, and the trading volume is $2.18 billion.
Cardano: The current ADA price is $0.6626, down 2.46%. Market capitalization is $23.40 billion with a volume of $654.24 million. It has witnessed the biggest losses today among the top ten cryptocurrencies.
TRON: TRX is at $0.2473, down 0.83%. Its market cap is $23.48 billion with a volume of $473.08 million.
BNB Shines with Gains
Compared to the overall market, BNB incdicated uptrend. It is up 1.60% in the last 24 hours, currently priced at $599.35. The market capitalization stands at $84.44 billion, while trading volume is $1.47 billion.
BNB's upbeat performance can be attributed to the recent news of VanEck's application for a spot BNB ETF. Thus, indicating rising institutional demand for the asset.
Meme Coins: Dogecoin's Modest Decline
Dogecoin is selling at $0.1699, down by 1.10% within the last 24 hours. The market capitalization stands at $25.35 billion and has a trading volume of $677.23 million.
Regardless of the latest drop, the analysts indicate hope for growth. Some predictions suggest DOGE is likely to increase to $0.40 come May 2025, spurred by technicals and on-chain metrics.
Stablecoins Hold Peg Under Legislative Scrutiny
Stablecoins are showing negligible price fluctuations:
Tether: USDT is trading at $0.9998 with a small decline of 0.02%. Its market cap is $149.34 billion with a volume of $49.23 billion.
USD Coin: USDC is trading at $0.9999 with no change in the last 24 hours. Market capitalization is $61.79 billion with a trading volume of $8.23 billion.
Stablecoins, though, are facing legislative scrutiny in the US. Democrats have shown disagreement over the recent Stablecoin bill. They alleged possible conflicts of interest surrounding President Trump and his sons' engagement in the crypto sector.
Senator Elizabeth Warren stated, "It smells like corruption." He referred to a $2 billion investment in Binance by a state-owned Abu Dhabi investment company via a stablecoin backed by President Trump and his sons.
Regulatory Developments
The US is advancing to create a regulatory regime for digital assets. The House Financial Services Committee and the House Agriculture Committee have issued a draft bill to create a clear set of guidelines for the crypto sector. Representative Glenn "GT" Thompson said, "It will give digital asset developers and users the certainty they need and have asked for."
Market Outlook
The downward trend highlighted by crypto prices today shows the global economic turmoil and rising geopolitical tensions. As the market deals with these institutional interests and regulatory developments, investors must stay informed. Short-term volatility is expected in the crypto market until more clarity is provided over the evolving crypto laws.
#Holi_Box
#article
#BTC
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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