Crypto Market Snapshot – May 6, 2025

Bitcoin (BTC):

Price: $94,414

24h Change: −0.44%

Resistance: $100,000 and $107,000

Support: $92,000 and $85,000

Analysis: Bitcoin is holding steady near $94K due to strong ETF inflows and stable futures. A short-term correction is possible ahead of the FOMC meeting.

Ethereum (ETH):

Price: $4,710

Change: −1.2%

ETH is slightly down, reflecting broader market uncertainty.

Market Sentiment:

Fear & Greed Index: 59 (Greed)

Caution advised as sentiment leans greedy, which often leads to corrections.

Altcoins:

Virtuals Protocol (VIRTUAL): Trading at $1.65, possible targets $2.07–$2.49.

Altcoins are underperforming as Bitcoin remains dominant.

Institutional News:

MicroStrategy now holds 553,555 BTC — bullish long-term signal.

Trading Tips:

BTC: Key support at $92K; breakout above $100K could trigger strong rally.

Altcoins: Wait for confirmation before entering.

Manage risk — don’t let greed cloud your decisions.#FOMCMeeting #CryptoNews $BTC $ETH $XRP