Bitcoin, Ethereum, XRP, Dogecoin Slide As Markets Brace For Fed Interest Rate Decision
Posted On May 6, 2025
Cryptocurrency markets continued trending lower early this week, with market participants eyeing Wednesday’s FOMC meeting and Federal Reserve Chair Jerome Powell‘s speech.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $95,090.07 | +0.4% |
| Ethereum (CRYPTO: ETH) | $1,788.07 | -1.9% |
| Solana (CRYPTO: SOL) | $144.85 | -1.4% |
| XRP (CRYPTO: XRP) | $2.13 | -0.9% |
| Dogecoin (CRYPTO: DOGE) | $0.1690 | -1.7% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001259 | -1.8% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 64.1% and daily active addresses growing by 22.5%. Transactions greater than $100,000 are up from 6,732 to 9,843 in a single day. Exchanges netflows are up by 13.9%.
- Coinglass data reports 115,162 traders were liquidated in the past 24 hours for $213.45 million.
Notable Developments:
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