$BTC $ETH $XRP

Here's your crypto market update for Wednesday, May 7, 2025:

๐Ÿ“Š Market Snapshot

Global Crypto Market Cap: $2.98 trillion

Market Sentiment: Neutral (Fear & Greed Index at 53)

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๐Ÿ” Top Cryptocurrencies

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๐Ÿ” Key Market Developments

Bitcoin's Surge: Bitcoin (BTC) has surpassed $96,000, with intraday highs reaching $97,513. Analysts suggest that if the Federal Reserve signals a dovish stance in today's FOMC meeting, BTC could test the $100,000 mark .

ETF Inflows Stagnant: Both Fidelity and WisdomTree reported zero inflows into their Bitcoin ETFs on May 7, indicating a pause in institutional investment .

Altcoin Movements:

Ethereum (ETH): Trading around $1,828, showing modest gains.

XRP: Experiencing a slight pullback, currently at $2.13.

Litecoin (LTC): Leading gains among major altcoins with an 11% increase over the past 24 hours .

Institutional Interest: Reports indicate that major trading firms and ETF providers are increasing their Bitcoin holdings, signaling growing institutional adoption .

Regulatory Landscape: The U.S. Senate is in discussions over the GENIUS Act, aiming to regulate stablecoins. The outcome could significantly impact the crypto market .

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๐Ÿ”ฎ Looking Ahead

Today's FOMC meeting is a pivotal event. Market participants are closely watching for any indications of future monetary policy shifts, which could influence crypto market dynamics .

Let me know if you'd like more detailed information on any specific cryptocurrency or market trend.