### 🔥 Top Crypto News Today (7 May 2025)
#### 1. Bitcoin (BTC) Holds Above $70K Amid Fed Rate Cut Speculations
- BTC Price: $71,200 (+3.2% in 24h)
- Why? Growing expectations of a Fed rate cut in late 2025 are boosting investor confidence.
- Key Level: If BTC breaks $72,500, a rally toward $75K is likely.
#### 2. Ethereum (ETH) Surges Ahead of Spot ETF Decision
- ETH Price: $3,850 (+5.1%)
- Catalyst: The SEC’s final decision on Ethereum spot ETFs is due this month—approval could trigger a major breakout.
#### 3. Solana (SOL) & Meme Coins Rally (WIF, BONK, PEPE Up 10-20%)
- SOL Price: $180 (+8%) – Strong demand from institutional traders.
- Meme Coin Mania:
- Dogwifhat (WIF): $4.20 (+18%)
- Pepe (PEPE): $0.000012 (+15%)
- Why? Retail FOMO is back as Bitcoin dominance dips slightly.
#### 4. Hong Kong Approves First Bitcoin & Ethereum Spot ETFs
- Impact: Increased institutional inflows into crypto.
- Listed Firms: ChinaAMC, Harvest Global now offer BTC/ETH ETFs in HK.
#### 5. Ripple (XRP) Lawsuit Update: SEC Appeal Rejected?
- XRP Price: $0.55 (+4%)
- Latest: Rumors suggest the SEC’s appeal against Ripple’s partial win may be dismissed.
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### 📉 Biggest Losers Today
- TON (-7%) – Profit-taking after recent surge.
- Shiba Inu (-3%) – Underperforming other meme coins.
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### 📊 Market Snapshot (7 May 2025)
| Metric | Value | Change (24h) |
|--------------|----------------|--------------|
| Total Crypto Market Cap | $2.8T | +2.9% |
| Bitcoin Dominance | 52% | -1% |
| Fear & Greed Index | 78 (Greed) | ▲ |
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### 🚀 What’s Next?
- Fed Chair Powell’s speech later today could impact BTC volatility.
- Ethereum ETF decision (expected by mid-May)—bullish if approved.
- Altcoin season? If BTC stabilizes, SOL, WIF, and PEPE could keep pumping.
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### 📈 Trending Coins (7 May 2025)
1. Bitcoin (BTC) – $71.2K
2. Ethereum (ETH) – $3,850
3. Solana (SOL) – $180
4. Dogwifhat (WIF) – $4.20
5. Pepe (PEPE) – $0.000012
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