Here is a brief summary of the key cryptocurrency news as of May 2, 2025:

📈 Market Highlights

Bitcoin $BTC has risen to a 70-day high, trading around $97,490, approaching the landmark of $100,000. This increase is attributed to institutional interest, including Strategy's (formerly known as MicroStrategy) announcement of a $21 billion stock offering to acquire more BTC.

Ethereum $ETH is currently priced at around $1,843.60, with a slight decrease of 0.64% from the previous close.

$XRP is trading at $2.22, with a slight decrease of 0.89%.

Investor's Business Daily

Cardano (ADA) is priced at $0.7075, with a modest gain of 0.56%

Market Sentiment

Seasonal Trends: Traders are cautious due to the saying "Sell in May and go away," which indicates the likelihood of a market downturn during the summer months. Historical data suggests that Bitcoin often experiences volatility during this period. #BinanceHODLerSTO #BTCRebound #StrategicBTCReserve