📈 Crypto Market Update – May 7, 2025

Bitcoin ($BTC ) has surged past $97,000, driven by investor anticipation ahead of the Federal Reserve's FOMC meeting today.

Ethereum ($ETH ) is trading around $1,823, with the Pectra upgrade launching today, aiming to enhance user experience and transaction efficiency.

BNB ($BNB ) is priced at approximately $601.94, with Standard Chartered projecting a potential quadrupling in value by 2028.

ETF Flows: Major Bitcoin ETFs, including those from Fidelity and WisdomTree, reported zero inflows on May 7, indicating a pause in new capital entering the market.

Market Outlook: The crypto market is poised for potential volatility, with today's FOMC meeting being a significant event that could influence investor sentiment and market direction.

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