#MarketPullback Here’s a concise roundup of the latest cryptocurrency news as of May 6, 2025:
* **Bitcoin (BTC)** experienced a brief dip to \$93.5K but remains on track toward the \$100K mark, bolstered by strong institutional interest and ETF inflows.
* **Ethereum (ETH)** saw a 2.8% gain, rising from \$3,100 to \$3,187, while **Bitcoin** increased by 3.2%, moving from \$62,500 to \$64,500 between May 5 and May 6.
* **Shiba Inu (SHIB)** declined by 7.4% over the past week, yet institutional interest remains strong, with 109 new millionaire wallets added in April.
* **MicroStrategy** continues to expand its Bitcoin holdings, raising its 2025 targets for bitcoin yield to 25% and for bitcoin gains to \$15 billion, despite missing quarterly financial expectations.
* **Regulatory Developments**: The UK's Financial Conduct Authority (FCA) plans to ban retail investors from borrowing money to invest in cryptocurrencies, aiming to protect consumers and maintain market integrity.
* **Security Concerns**: French police rescued the father of a wealthy cryptocurrency entrepreneur who had been kidnapped in Paris, highlighting the risks associated with crypto wealth.
* **Political Fundraising**: Former President Donald Trump is raising substantial funds from the cryptocurrency sector through high-profile events, prompting ethical concerns.
- [The Daily Beast](https://www.thedailybeast.com/trump-raising-millions-at-crypto-events-prompts-ethics-concerns/?utm_source=chatgpt.com)
[1]: https://cointelegraph.com/news/bitcoin-sell-off-to-93-5-k-is-a-brief-hiccup-data-still-supports-new-btc-highs-in-2025?utm_source=chatgpt.com "Bitcoin sell-off to $93.5K is a brief hiccup - Cointelegraph"
[2]: https://blockchain.news/flashnews/crypto-market-sees-increased-volatility-and-trading-opportunities-in-2025?utm_source=chatgpt.com "Crypto Market Sees Increased Volatility and Trading Opportunities in ..."
[3]: https://www.coindesk.com/markets/2025/05/05/shib-plunges-7-4-in-one-week-but-market-sentiment-remains-cautiously-optimistic?utm_source=chatgpt.com "Shiba Inu (SHIB) Price
