$BTC As of May 7, 2025, Bitcoin (BTC) is trading at $97,360 | Hz-428 on Binance Square

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$BTC As of May 7, 2025, Bitcoin (BTC) is trading at $97,360 USD, reflecting a 3.29% increase from the previous close. 
📈 Market Overview
Market Capitalization: Approximately $1.93 trillion, nearing levels seen in 2021. 
24-Hour Trading Volume: Around $28.86 billion, indicating robust market activity.

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Shiba Inu (SHIB) Flips Hedera (HBAR), Is Stellar (XLM) Next? Following its recent rebound, dog-themed Shiba Inu (SHIB) has made massive progress in the broader crypto ecosystem. Amid the general bullish wave in the crypto market, SHIB has recorded significant gains, climbing from a low of $0.00001476 to over $0.000015. Shiba Inu registers momentum as volume and market cap soar As per CoinMarketCap data, SHIB has risen to $0.00001594, marking a 3.13% increase in the last 24 hours. The meme coin rose to $0.00001607 as transaction volume soared before witnessing corrections. Investors remain active, pushing trading volume up 3.71% to $595.15 million. This suggests renewed interest from SHIB holders in the market. The increased activity supported a spike in SHIB’s total market capitalization. SHIB now has a market cap of $9.3 billion, a development that helped it flip Hedera from the 15th position to 16th. Hedera’s market cap stands at $8.79 billion. If SHIB sustains its bullish momentum, it could take on Stellar (XLM), XRP’s key rival. Notably, XLM currently has a market cap of $9.404 billion. SHIB is just about $100 million away from catching up with XLM. However, this relies on the assumption that SHIB and XLM will continue on their current growth trajectories. As of press time, XLM maintained price growth of 0.25% against SHIB’s 3.13%. May's historical performance supports SHIB to flip XLM If history repeats itself, SHIB appears equal to flipping XLM. Several factors suggest this is possible, including the current uptick in trading volume, bullish rally and historical data. The meme coin has average growth of 61% in May and could lose another zero from its price. If SHIB achieves that, it could become the 14th-ranked asset by market capitalization or even better. This would require ecosystem support, particularly from loyal long-term holders who comprise 78% of the community.

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Tyler Winklevoss, one of the founders of Gemini, claimed that SOL, XRP, and ADA may not be “suitable for a Strategic Reserve” while arguing that only Bitcoin checked all the boxes. XRP Could Fall by 24% as Positive Momentum Fades XRP is down 9.8% in the past 24 hours while trading volumes have subsided and have currently declined by 41.8% during this same period. Despite the setback, XRP remains the only cryptocurrency within the top 10 to display positive gains in 2025. Other top crypto assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are down sharply this morning, posting losses of 9.3%, 9.9%, and 14.8% respectively. XRP has erased nearly all of yesterday’s gains after Donald Trump’s announcement of new tariffs triggered a broad sell-off in global markets. The token had surged 40% over the weekend on speculation that it could be included in the U.S. strategic crypto reserve, but that momentum quickly reversed as risk assets tumbled. Trump’s unofficial remarks about a U.S. digital asset stockpile—and the tokens that could be part of it—were also met with skepticism from industry leaders, further weighing on sentiment.

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$XRP “Altcoin Season Loading” is a popular phrase in the crypto community that suggests we may be approaching a period where altcoins (any cryptocurrency other than Bitcoin) significantly outperform Bitcoin. Here are some typical signs that altcoin season might be "loading": Bitcoin Dominance Drops: A declining Bitcoin dominance index (BTC's share of total market cap) often indicates rising interest in altcoins. Major Altcoins Outperform BTC: Coins like Ethereum, Solana, and others start gaining faster than Bitcoin. Speculative Tokens Pump: Low-cap and meme coins begin to surge, often driven by hype or social media. Increased Retail Participation: Retail investors start entering the market, usually first through Bitcoin and then into altcoins. Favorable Market Sentiment: Greed overtakes fear on sentiment indices, and news cycles focus more on altcoin narratives. Would you like a list of altcoins currently showing strong momentum or trending in anticipation of a potential altcoin season?

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#AltcoinSeasonLoading “Altcoin Season Loading” is a popular phrase in the crypto community that suggests we may be approaching a period where altcoins (any cryptocurrency other than Bitcoin) significantly outperform Bitcoin. Here are some typical signs that altcoin season might be "loading": Bitcoin Dominance Drops: A declining Bitcoin dominance index (BTC's share of total market cap) often indicates rising interest in altcoins. Major Altcoins Outperform BTC: Coins like Ethereum, Solana, and others start gaining faster than Bitcoin. Speculative Tokens Pump: Low-cap and meme coins begin to surge, often driven by hype or social media. **Increased Retail

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Mango Markets hacker convicted on multiple charges Abraham Eisenberg, known for orchestrating the Mango Markets exploit in 2022, was sentenced to 52 months in prison, but not for his cryptocurrency-related activities. The sentence stems from a separate case involving child sexual abuse material, with the verdict finally handed down on May 1 in federal court in New York. While the verdict ends one legal battle, another looms on the horizon. Eisenberg is still awaiting sentencing in a widely publicized crypto hack that saw Mango Markets lose $100 million in a price-manipulation scheme. Although the two cases were expected to be tried together, only the child sexual exploitation charges were resolved. In the cryptocurrency case, Eisenberg claimed that his actions were legitimate market tactics, not criminal behavior. However, in April 2024, a jury found him guilty of wire fraud and market manipulation. Authorities rejected his defense, citing extensive evidence. Months later, his legal team pressed for an acquittal, but the prosecution remained steadfast. Mango’s collapse was swift: The token crashed, deposits were frozen, and user losses mounted. The case became a cautionary tale as regulators stepped up efforts to curb financial abuse in decentralized systems.

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