Crypto Market Today May 5, 2025: Bitcoin Price Drop, Ethereum Trend, Top Gainers & Losers, Market Cap Analysis"

Cryptocurrency Market Today (May 5, 2025)

The crypto market today saw mixed movements. The overall market capitalization was about $2.94 trillion, a slight 0.84% decline over the previous day0. Trading volume surged over 14%, reaching around $55 billion1. Major coins had varied trends: Bitcoin and Ethereum slipped modestly, while Binance Coin (BNB) ticked up. The market sentiment was cautiously bearish, with a Fear & Greed Index around neutral (~49/100)2.

Bitcoin Price Analysis

Bitcoin (BTC) traded around $93,857 on May 5, 2025, down about 1.8% in 24 hours3. This pullback follows a recent rally but still leaves BTC near multi-month highs. Analysts note that options expiries and macro factors are in play, but Bitcoin’s trend remains supported above $90K.

Ethereum Trend

Ethereum (ETH) was near $1,805, down around 1.3%4. Traders are closely watching Ethereum’s upcoming Pectra upgrade (scheduled May 7), which is expected to influence gas fees and volatility5. ETH has outperformed many altcoins over the week, showing relative strength before the network event.

Major Altcoins (BNB, Solana, XRP, Cardano)

Cryptocurrency	Price (USD)	24h Change
Bitcoin (BTC)	$93,857	-1.8%
Ethereum (ETH)	$1,804.96	-1.3%
Binance Coin (BNB)	$596.84	+1.0%
Solana (SOL)	$144.58	-1.55%
XRP (XRP)	$2.13	-2.7%
Cardano (ADA)	$0.6585	-4.7%

The table above shows key crypto prices and daily changes. Notably, Binance Coin (BNB) is up about 1.0%6, even as Bitcoin and Ethereum fell. Solana (SOL) traded near $144.58, down ~1.6%7. XRP and Cardano led the losses, dropping roughly 2.7% and 4.7% respectively89. These figures align with CoinMarketCap data, which lists ADA (-4.64%) and XRP (-2.98%) among the day’s biggest decliners1011.

Top Gainers and Losers

• Top Gainers: Some altcoins surged today. For example, Four (FORM) jumped about 10.6% and Core (CORE) rose ~7.9%12. Other notable gainers include SUI (+4.3%) and TAO (+3.8%)13, reflecting bullish sentiment in smaller caps.
• Top Losers: Several coins slid sharply. Ethereum Name Service (ENS) led losses (down ~8.2%)14, followed by projects like FET (~4.1%)15 and Cardano (~4.6%)16. Even XRP was lower by nearly 3%17. These moves contributed to a bearish tone in the market.

Market Capitalization & Sentiment

The total crypto market cap (~$2.94T) is essentially unchanged from yesterday18, keeping the market just below $3T. Bitcoin dominance is ~62% and Ethereum ~7%. The overall mood is cautious: the Fear & Greed Index (~49/100) indicates neutral sentiment19. Analysts remain optimistic for the long term – for example, Standard Chartered forecasts Bitcoin could reach ~$120K by mid-202520. Regulatory news and ETF flows are expected to influence crypto prices in the coming weeks.

Outlook

Today’s crypto market movements were modest, reflecting mixed bullish and bearish factors. Bitcoin and Ethereum saw small pullbacks after recent rallies, and altcoins showed mixed performance. The crypto market today remains steady, with traders focused on potential catalysts like the Ethereum upgrade and regulatory developments. In this neutral environment, cautious risk management is advised. Overall outlook remains bullish for the longer term, but short-term volatility is likely.