๐ฐ Crypto News Roundup โ May 6, 2025
1. Bitcoin Holds Steady at $94.6K
Bitcoin is trading at $94,600, showing slight upward movement after stabilizing from its recent high of $97,000.
2. Meme Coins Face Resistance
Meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI) are experiencing resistance in May, struggling to maintain momentum after previous surges.
3. Ethereum ETF Inflows Stagnate
BlackRock's Ethereum ETF reported zero inflows on May 6, indicating a pause in new investments and cautious sentiment.
4. Solana Shows Bullish Momentum
Solana (SOL) has surged 41% in May, with $180 as the next key resistance. A breakout could propel it to $221.
๐ง Educational Tip: What Are ETF Inflows?
ETF inflows represent new capital entering an exchange-traded fund. No inflows = investor caution or lack of interest.
๐ Trading Strategy Insight: Watch Key Resistance
SOLโs $180 resistance level is critical. Breakouts past resistance often spark strong bullish movesโstay alert!
