Correction in the Crypto Market – May 5, 2025
After weeks of rising, the cryptocurrency market sees a slight correction:
Bitcoin (BTC) declines 3%, priced at US$1,281,020,855,794.000
Ethereum (ETH) falls 2.5%, at US$1,281,020,855,571.817
Solana (SOL) has a slight drop of 0.3%, at US$1,281,020,855,7146.70
Main reasons:
Technical resistance in BTC at US$1,281,020,855,795.000
Profit-taking after peak of US$1,281,020,855,797.895
Macroeconomic volatility, with global tensions
Regulation in the UK restricts credit for crypto
Outlook:
If BTC consolidates above US$1,281,020,855,795.000, analysts see a chance for an increase up to US$1,281,020,855,7100.000. However, volatility and BTC's dominance of nearly 65% may delay the movement of altcoins.
Increased attention and risk management remain essential.
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