Bitcoin ETF Activity Slows
Major Bitcoin ETFs, including those from Invesco, WisdomTree, and Fidelity, reported zero net inflows today, indicating a pause in new capital entering the market. Additionally, VanEck's Bitcoin ETF experienced an $8.1 million outflow, signaling reduced investor interest or profit-taking.
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📈 Bitcoin Price and FOMC Anticipation
Bitcoin's price has reclaimed the $95,000 level as bullish positioning takes shape ahead of today's Federal Reserve's FOMC interest rate decision. The crypto community is closely watching the outcome, as it could significantly impact market dynamics.
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🪙 XRP and Ethereum Developments
XRP: The digital asset has slipped below key technical levels amid growing macroeconomic pressures.
Ethereum: Analysts highlight four reasons why ETH's price could rebound strongly in May, including historical trends, whale accumulation, and the upcoming Pectra upgrade. However, Coinbase has announced a temporary suspension of Ethereum deposits and withdrawals on May 8 due to the Pectra upgrade.
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🐋 Whale Activity and Market Sentiment
A Bitcoin whale has opened $127.7 million in high-leverage short positions following the recent price surge, introducing potential volatility and liquidation risks.
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🔮 May 2025: A Pivotal Month for Crypto
May is shaping up to be a high-stakes month for the crypto industry, with numerous token unlocks, central bank decisions, major earnings calls, and crucial U.S. economic data on the horizon. These events are expected to test investor
sentiment and asset resilience.