Today, the crypto market shows little movement as major assets like Bitcoin fluctuate near their opening prices. XRP dropped 2.5% on ETF news, while FLOKI saw a surge of 12%. Inflows into Bitcoin and Ethereum ETFs totalled $192.14 million. The global market cap is currently at $2.97 trillion with a trading volume of $71.7 billion.
In today’s trading session, the cryptocurrency market has a rather stagnant feel, with Bitcoin and other prominent coins just hanging around their opening prices. Notably, XRP has seen a drop of 2.5% following the SEC’s delay on the Franklin Templeton spot XRP ETF approval, which continues to weigh on investor sentiment.
Most other major cryptocurrencies didn’t show any significant movements, though meme coin FLOKI managed to grab attention with a 12% increase over the past 24 hours. Bitcoin, at the time of writing, is treading water near $95,000 after bouncing back from a low of $93,821. Ethereum has not fared much better, currently sitting at $1,810 after a decline of 1.5%.
BNB and SOL have both been pretty quiet, showing little to no fluctuations in the past day. On the other hand, Virtual Protocol’s VIRTUAL token has faced steep losses, plunging by 10% and topping the daily losers’ list. It’s followed closely by PENGU token, which dropped 9%. Other notable decliners include WAL, TRUMP, WLD, ONDO, and THETA, all reporting losses around 5%.
Despite some declines, Bitcoin and Ethereum spot ETFs have reported positive inflows today, with Bitcoin drawing in $172.78 million and Ethereum seeing $18.4 million. The total inflow stands at a respectable $192.14 million, possibly indicating healthy market interest.
Today’s trending cryptocurrencies include ALPACA, PUNDIX, LOOKS, DRIFT, and BSW, highlighting a mix of emerging projects generating buzz. The top daily gainers, aside from FLOKI, include MNT, JASMY, CRV, and FLR, which posted modest increases ranging from 1% to 2%.
Conversely, the day’s biggest losers have certainly felt the pinch, as VIRTUAL and PENGU lead the charts with declines of 10% and 9%, respectively. The overall market remains volatile, with the global crypto market cap resting at $2.97 trillion and a trading volume of $71.7 billion over the past 24 hours. It’s a mixed bag, but the players in the market are sure keeping an eye on these shifts, especially as we move into May.
For more insights, don’t forget to check our prediction piece on Dogecoin’s price prospects for May 2025!
