As of May 5, 2025, the cryptocurrency market is experiencing a slight downturn. Bitcoin (BTC) is trading at approximately $94,194, reflecting a 1.3% decrease over the past 24 hours. Ethereum (ETH) stands at $1,806, down by 1.2%. Other major cryptocurrencies such as BNB, XRP, and Cardano (ADA) have also seen declines ranging from 0.4% to 3.3%. The global crypto market capitalization has dipped to $2.94 trillion, marking a 0.74% decrease from the previous day.
These fluctuations are occurring as investors await the U.S. Federal Reserve's upcoming rate decision, which is contributing to market uncertainty.
