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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:

Full story available on Benzinga.com

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