Crypto Market Update – May 3, 2025: Bitcoin Eyes $100,000 as Momentum Builds

The crypto market is buzzing with excitement today as Bitcoin (BTC) surges to a 70-day high, trading around $97,000. This sharp rally is being fueled by renewed institutional interest, led by major players like Michael Saylor and companies such as 21Shares, which continue to advocate for broader crypto adoption.

Despite Bitcoin’s impressive performance, the overall crypto market cap has dipped by 1.4%, indicating a divergence between BTC and most altcoins. Top altcoins like Ethereum (ETH) and Cardano (ADA) have seen minor pullbacks in the last 24 hours, reflecting a cautious sentiment among retail traders.

Technical analysts are eyeing the critical psychological level of $100,000 as the next major resistance. If Bitcoin breaks through, it could signal the beginning of a new bullish phase. However, volatility remains high, and experts are urging investors to tread carefully and avoid emotional trading decisions.

As always in the crypto world, anything can happen overnight—but today, all eyes are on Bitcoin and the potential for a historic breakout.