Bitcoin, Ethereum, XRP, Dogecoin Start FOMC Week Sluggish: ‘Dips Are Gifts, Resume Up Only,’ Trader Says
Posted On May 5, 2025
Major cryptocurrencies are off to a muted start this week as traders brace for the FOMC meeting and key macroeconomic data that could shape the market’s next move.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $94,789.50 | -0.6% |
| Ethereum (CRYPTO: ETH) | $1,823.86 | -0.2% |
| Solana (CRYPTO: SOL) | $146.88 | -0.01% |
| XRP (CRYPTO: XRP) | $2.15 | -0.6% |
| Dogecoin (CRYPTO: DOGE) | $0.1722 | +0.2% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001284 | +1.3% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 3.5% and daily active addresses falling by 11.6%. Transactions greater than $100,000 are down from 7,749 to 6,732 in a single day. Exchanges netflows are up by 53.8%.
- Coinglass data reports 76,897 traders were liquidated in the past 24 hours for $224.40 million.
Notable Developments:
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