Bitcoin, Ethereum, XRP, Dogecoin Hold Steady As Bulls Eye Further Gains

Author: Khyathi Dalal | May 02, 2025 03:05pm

Cryptocurrency markets are treading water as the market enters a quiet stretch ahead of a key week for macroeconomic data.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$97,490.40	+0.9%
Ethereum (CRYPTO: ETH)	$1,852.16	+0.2%
Solana (CRYPTO: SOL)	$149.98	-0.2%
XRP (CRYPTO: XRP)	$2.21	-0.5%
Dogecoin (CRYPTO: DOGE)	$0.1815	+0.2%
Shiba Inu (CRYPTO: SHIB)	$0.00001348	-1%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 19.6% and daily active addresses falling by 0.9%. Transactions greater than $100,000 are down from 10,529 to 10,084 in a single day. Exchanges netflows are down by 133.6%.
• Coinglass data reports 71,325 traders were liquidated in the past 24 hours for $135.88 million.

Notable Developments:

• Bitcoin Up 25% From Tariff Lows: Here’s THe Case For New All-Time Highs Soon
• Aptos Eyes Real-World Utility Beyond NFTs And DeFi, Says Ecosystem Head Ash Pampati
• Bitcoin Hovers Around $97,000 But This Is A ‘Fragile Rally,’ Analyst Warns
• Strategy Q1 Earnings: Bitcoin Treasury Company Raises Its ‘BTC Yield’ And ‘BTC $ Gain’ Targets For 2025
• Bitcoin Miner Riot Platforms Reports Q1 Results, Shares Slide

Top Gainers:

Cryptocurrency	Price	Gains +/-
Pudgy Penguins (CRYPTO: PENGU)	$0.01233	+13%
EOS (CRYPTO: EOS)	$1.85	+9.5%
Immutable (CRYPTO: IMX)	$0.6441	+8.2%

Trader Notes: Bitcoin trader Cole sees Bitcoin forming a potential rising wedge, often a bearish pattern. With an uptick in long positions and light weekend liquidity, he warns of a possible pullback toward the daily open or support near $95,000–$95,500.

$BTC watching Potiential rising wedge closely as we head into weekend. Low volume weekend can change things but we'll see.

Seeing a lot of longs opening up here, see if we get a pullback to D/O or $95k-$95.5k support 🤝🏻 https://t.co/pRZWN7mDRM pic.twitter.com/8eztNTiP6z

— Cole (@_ColesTrading) May 2, 2025

Titan of Crypto points to the SuperGuppy indicator, which just flipped bullish on the weekly chart, signaling a momentum shift back in favor of the bulls and potentially confirming the start of a longer-term uptrend.

Adding to the bullish narrative, Ted Pillows compares Bitcoin's structure to gold's previous rally pattern – accumulation, breakout, highs, then re-accumulation. He sees BTC currently beginning its next leg up, projecting a new high by Q2 2025 based on that historic rhythm.

$BTC is just following Gold's rally.

Accumulation phase followed by a breakout which led to a new ATH.

After that, BTC entered the re-accumulation phase and broke out of it in Q4 2024.

For the past few months, BTC was back into the consolidation phase and now it has started… pic.twitter.com/UCDDvtxxmh

— Ted (@TedPillows) May 2, 2025

On-chain data from Glassnode strengthens the bull case:

• Long-term holders have accumulated over 254,000 BTC now aged past 155 days.
• Many of these coins were bought above $95,000, and spending remains low, a sign of confidence and reduced desire to sell.
• Additionally, BTC holders with 30+ day coins are now back in profit, easing potential sell pressure from short-term holders.

Together, these signals point to early-stage bullish momentum, but with weekend volatility and leveraged longs building, traders remain cautious.

Read Next: 

• Bitcoin, Ethereum, XRP, Dogecoin Sentiment Rebounds As BTC Hits $97,000

Image: Shutterstock

Posted In: $BTC $DOGE $EOS $ETH $IMX $SHIB $SOL $XRP