📰 Daily Market Update – May 2, 2025 | BTC Steady Above $96K, ETH Holds Key Support
The crypto market remains relatively stable today, with Bitcoin continuing its consolidation above $96K and Ethereum testing support. Here’s a quick look at the top movers:
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📊 **Top Market Movers**
* **Bitcoin (BTC)**: Trading at **$96,552**, BTC has seen a slight drop of **-0.31%** in the last 24 hours, maintaining its position above $96K. The market is awaiting potential movement after the recent ETF inflows.
* **Ethereum (ETH)**: Currently priced at **$1,836.82**, ETH is down **-0.10%** over the past 24 hours. Despite the small decline, ETH continues to hold key support at $1,800, with eyes on a breakout above $1,850.
* **Solana (SOL)**: Up by **+3.2%**, SOL is gaining momentum, trading at **$102.60**, with investors eyeing new developments in the Solana ecosystem.
* **Dogecoin (DOGE)**: Showing a minor dip of **-1.2%**, DOGE is trading at **$0.083**, cooling off after a recent surge.
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🔍 **Market Sentiment**
* **Fear & Greed Index**: At **56 – Greed**, suggesting traders are feeling slightly bullish but cautious about a breakout.
* **BTC Dominance**: Increased to **45.7%**, indicating that BTC remains the market leader despite altcoin movements.
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🌐 **Major News**
* **Bitcoin ETF Inflows**: On May 2, Bitcoin ETFs saw a major influx of **$674.9 million**, signaling continued institutional interest.
* **Ethereum ETF Activity**: Ethereum ETFs recorded **$20.1 million** in net inflows, showing growing confidence in ETH's long-term potential.
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📌 **Analyst Takeaway**
Bitcoin’s steady position above $96K suggests a potential build-up toward a breakout. Ethereum, on the other hand, is facing a crucial test at the $1,800 support level. Traders are watching these levels closely for direction in the coming days.
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💬 **What do you think? Will Bitcoin hit $100K soon, or is Ethereum ready for a breakout above $1,850? Drop your thoughts below!**
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