(Part 01)
As of Friday, May 2, 2025, here's a summary of the latest updates in the cryptocurrency market:
Market Overview:
* The total global cryptocurrency market capitalization is hovering around $3.01 trillion to $3.12 trillion. This represents a slight increase (around 0.2% to 1.5%) over the last 24 hours.
* The 24-hour trading volume is approximately $78 billion to $85 billion, with some reports indicating a decrease from the previous day. Stablecoins continue to dominate trading volume.
* Bitcoin dominance remains strong at about 63.8%, showing a slight increase over the day.
Price Movements:
* Bitcoin (BTC): BTC has shown renewed strength, breaking through resistance levels and reaching a 70-day high near $97,424. It is currently trading between approximately $94,000 and $97,000, with modest gains (around 0.2% to 1.4%) in the past 24 hours. Technical analysis suggests a potential continuation of the uptrend.
* Ethereum (ETH): ETH is trading around $1,780 to $1,850. Its performance is mixed, with sources reporting both slight gains and slight losses over the last 24 hours.
* Major Altcoins: Performance is mixed across other major cryptocurrencies:
* BNB: Trading around $596 - $603, relatively stable with slight negative changes.
* Solana (SOL): Around $142 - $151, with mixed small changes.
* XRP: Around $2.17 - $2.23, experiencing slight losses in some reports.
* Cardano (ADA): Around $0.68 - $0.71, with mixed minor changes.
* Dogecoin (DOGE): Around $0.17 - $0.18, showing some positive momentum.
* Top Gainers: Some altcoins showing notable 24-hour gains include TURBO, FTT, FUN, ImmutableX (IMX), Morpho, Voxies (VOXEL), and AirSwap (AST).
Market Sentiment:
* The Crypto Fear & Greed Index is around 55, indicating a "Neutral" sentiment.
* The Altcoin Season Index remains low (around 15-18), suggesting it's still considered "Bitcoin Season." However, the strong performance of some specific altcoins indicates recovering interest among retail investors.#BinanceAlphaAlert