Daily Market BriefMay 5, 2025

Daily Market Brief 250505

  • $BTC is slightly down and now trading back in the $94K range. As of now, $BTC is trading at $94,316 and $ETH at $1,809. Bitcoin dominance stands at 64.78%.

  • This week’s key events include: the launch of $HYPE’s new fee and staking tier system on Monday, the U.S. FOMC meeting on Wednesday, and Coinbase’s earnings release on Thursday.

  • A few headlines from the weekend include: Warren Buffett announced he will retire at the end of this year; the Bybit CEO stated that by the end of this quarter, retail users will be able to trade stock indexes, gold, crude oil, and U.S. equities directly on Bybit; and Bloomberg analyst James Seyffart noted that the SEC is expected to decide on Canary Funds’ proposed Litecoin ETF by May 5.

  • Over the past 24 hours, the top three gainers were $TURBO, $QNT, and $CHEEMS, while the top three losers were $BERA, $OM, and $RENDER.

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