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#BTC
As of now (May 6, 2025, 2011), the cryptocurrency market is generally experiencing a slight downward trend. Here are the changes in some major cryptocurrencies compared to the previous update:
Bitcoin (BTC):
* USD: Around $94,300.
* 24-Hour Change: Flat compared to the previous day (around 0.08% increase).
Ethereum (ETH):
* USD: Trading around $1,779.
* 24-Hour Change: Continuing its decline compared to the previous day (around -1.83%).
Other Major Cryptocurrencies:
* XRP: Around $2.11 (-0.54%)
* Solana (SOL): Around $143.5 (-1.03%)
* Dogecoin (DOGE): Around $0.167 (-1.81%)
* Cardano (ADA): Around $0.652 (-1.23%)
General Assessment:
Bitcoin, which showed a slight recovery yesterday, is generally following a calm course today. However, the selling pressure on Ethereum and many altcoins seems to continue. This indecision in the market may be due to investors focusing on the possible interest rate decisions of the Fed (FOMC) and economic data.
Major Developments:
* Inflows to Bitcoin ETFs Decreased: According to the latest news, a slowdown is observed in daily inflows to Bitcoin spot ETFs. This may indicate that the buying appetite has decreased somewhat.
* Ethereum Pectra Upgrade Expectation: Ethereum developers continue to work on the Pectra upgrade. This upgrade aims to increase the scalability and efficiency of the network. However, there is no clear date yet for when the upgrade will be implemented.
* Regulatory News: Regulatory developments in the cryptocurrency market are being closely monitored. Statements from different countries and possible new regulations can have an impact on the market.
Good luck to everyone.
Best regards