#CryptoTariffDrop
Crypto Market Update
1. Bitcoin (BTC) Nears $80K but Faces a Turning Point
Bitcoin is trading close to $80,000, but analysts suggest it may face a correction soon. Some institutional investors are accumulating BTC despite recent dips【9】.
2. Ethereum (ETH) Prepares for a Major Upgrade
Ethereum developers have locked in May 7 for the Pectra upgrade, which could bring changes to transaction processing and fees【9】.
3. Dogecoin (DOGE) Faces High Volatility
DOGE saw a 12.7% price swing, dropping sharply before partially recovering. Analysts are watching key support levels【9】.
4. Solana (SOL) Under Pressure
If SOL fails to hold the $120 support level, analysts warn it could crash to $90【11】.
5. Altcoin Market Activity
XRP is showing signs of recovery, but uncertainty remains. Meanwhile, meme coins like Trump Memecoin dropped 17% after recent political announcements【11】.
6. Regulatory and Institutional News
The U.S. SEC has acknowledged Fidelity’s filing for a Solana ETF, which could impact SOL’s future price【11】.
Market Outlook
Bullish: Bitcoin accumulation by whales and upcoming Ethereum upgrades suggest long-term strength.
Bearish: Possible correction in BTC, SOL under pressure, and DOGE volatility may cause short-term price fluctuations.
For live price updates, visit CoinDesk and CoinGape【9】【11】.