$BTC Holds Steady While $ETH Awaits Pectra Upgrade: What’s Next?

As of May 6, 2025, Bitcoin ($BTC) is trading around $94,612, showing resilience amid market fluctuations. Despite minor pullbacks, on-chain data indicates that approximately 88% of BTC supply remains in profit, suggesting strong holder confidence. 

Ethereum ($ETH), on the other hand, is trading near $1,770, experiencing a slight dip ahead of its anticipated Pectra upgrade scheduled for May 7. This upgrade aims to enhance network efficiency and user experience, potentially impacting ETH’s price trajectory.  

With the Federal Open Market Committee (FOMC) meeting also on the horizon, market participants are closely monitoring macroeconomic indicators that could influence crypto markets.