Bitcoin price stabilizes at $94 today, while SUI and LTC fall 7%
- Bitcoin Holds Support at $94K After Correction
- Litecoin plunges 7% on SEC ETF delay
- Crypto market loses US$40 billion as altcoins fall
On Tuesday, May 6, 2025, the price of Bitcoin today is quoted at approximately US$ 93.900, with a drop of 0,4% in the last 24 hours. This slight fluctuation occurs amid investors' expectations for the Federal Reserve's decision on interest rates, scheduled for tomorrow, and in light of recent institutional movements, such as the acquisition of US$ 2,5 billion in BTC by BlackRock.
Bitcoin held steady around $94 on Monday after facing resistance at $95.200 over the weekend. The cryptocurrency had surged past $98 on Friday, marking its highest level in over two months. However, sellers managed to halt the advance and pressured the price lower, sending BTC to the support line at $93 before resuming slightly.
Meanwhile, Litecoin saw one of the biggest pullbacks among major assets, falling by around 7% after the U.S. Securities and Exchange Commission (SEC) once again delayed its decision on the cryptocurrency’s ETF application. The new deadline extends the review by at least another month, frustrating short-term market expectations.
The decision was expected by analysts, but it still had a strong impact on the price of LTC, which is now trading slightly above $81. The token was unable to withstand the selling pressure driven by regulatory uncertainty.
Other high-cap altcoins are also trading lower. Ethereum (ETH), XRP, Dogecoin (DOGE), Cardano (ADA), SUI, Chainlink (LINK), LEO, Stellar (XLM), Aave (AAVE) and Aptos (APT) are all recording daily losses of up to 5%.
BNB, TAO and Monero (XMR) are out of step with the general movement, showing small increases in value in the last few hours. Despite this, the total value of the cryptocurrency market has shrunk by another US$40 billion, now estimated at US$3,03 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XP raises $6,2 million with Solana and NFTs
Heritage Distilling Adopts Crypto Payments
Heritage Distilling Company, Inc. (NASDAQ: CASK) is making a bold foray into the digital economy, becoming one of the first craft spirits producers to implement a formal Cryptocurrency Treasury Reserve Policy. Announced on May 15, the new strategy enables the Washington-based distiller to accept Bitcoin and Dogecoin as payment via its direct-to-consumer (DTC) e-commerce platform while holding these digital assets as part of its broader treasury management plan.
Stablecoins Enter Production Era as Institutions Prioritize Growth Over Cost
Stablecoins are quickly moving from pilot projects to a core part of global payment systems, according to Fireblocks’ newly released “State of Stablecoins 2025” report. The digital asset platform revealed that stablecoin transactions on its network now reach $40 billion per quarter, reflecting surging institutional use and a clear shift from experimentation to full-scale implementation.
xAI Blames Unauthorized Prompt Change for Grok’s Inflammatory Responses on South Africa
Elon Musk’s artificial intelligence startup, xAI, has disclosed that a controversial series of responses generated by its chatbot, Grok, were the result of an unauthorized internal modification.
Trending news
MoreCrypto prices
More
