Bitcoin, Ethereum, XRP, Dogecoin Continue Trading Sideways As Fed Keeps Interest Rates Unchanged
Posted On May 7, 2025
Major cryptocurrencies are trading slightly higher following the Federal Reserve keeping interest rates unchanged and China’s liquidity boost to stimulate its economy.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $96,034.89 | +1% |
| Ethereum (CRYPTO: ETH) | $1,792.80 | +0.2% |
| Solana (CRYPTO: SOL) | $145.55 | +0.4% |
| XRP (CRYPTO: XRP) | $2.10 | -1.6% |
| Dogecoin (CRYPTO: DOGE) | $0.1700 | +0.6% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001262 | +0.3% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 9.4% and daily active addresses growing by 3.2%. Transactions greater than $100,000 are down from 9,843 to 9,668 in a single day. Exchanges netflows are down by 140.2%.
- Coinglass data reports 102,179 traders were liquidated in the past 24 hours for $239.75 million.
Notable Developments:
- Ethereum’s Pectra Upgrade Goes Live: Here’s What You Need To Know
- Michael Saylor Calls Bitcoin The ‘Corporate Survival Strategy’ For 96% of Companies
- RabbitX Founder Eyes Real-World Assets And Liquidity Tokenization As The Future Of Perpetual Trading
- Treasury Sec Scott Bessent: US Should Be The ‘Premier Destination For …
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