Bitcoin hovers around $96K amid mixed signals from altcoins. PENGU token rises 10%. Altcoins like XRP and ETH decline while others suffer larger losses. Global market cap dips to $2.99 trillion. Trend highlights Bitcoin and Pi’s mobile mining.
On May 3, 2025, the cryptocurrency landscape has once again proven to be quite the mixed bag. Bitcoin is leading the pack, stabilising around $96,000, while altcoins are sending out rather conflicting signals. Notably, the PENGU token, associated with the Pudgy Penguin NFT project, has experienced a remarkable surge of 10% within the last day.
Bitcoin’s recent rise can be attributed to a combination of growing interest in spot Bitcoin ETFs and renewed optimism surrounding pro-crypto policies expected from the Trump administration. Over the past week, Bitcoin has seen a modest gain of about 2%. Nevertheless, this peak is still short of the much-anticipated $100,000 mark, which many analysts had hoped would be breached by the upcoming weekend.
Turning to the altcoin market, there has been a notable downtrend, with numerous cryptocurrencies seeing losses today. For instance, XRP has slipped by 1.22%, while Ethereum (ETH) and Binance Coin (BNB) both recorded declines nearing half a percent. Additionally, other coins such as SOL, SUI, and ADA (Cardano) averaged losses of around 2.2% according to CoinMarketCap.
In terms of trending cryptocurrencies, search activity indicates a few names are capturing attention. Bitcoin (BTC) continues to dominate trading volumes, reaffirming its status as the most popular asset. Meanwhile, Pi (PI) is being highlighted because of its innovative mobile mining model. Controversial market-making issues have propelled Movement (MOVE) into the spotlight, alongside Vanar Chain (VANRY), which focuses on specific scalability solutions. Also, Sui (SUI) maintains its popularity owing to its unique design.
As for today’s top gainers in the crypto space, PENGU (Pudgy Penguin) leads with a solid 10% increase, followed by FLR (Flare) which is up by 3%. TRX (Tron) and NEXO (Nexo) both have seen increases of about 2%, while the Trump-themed TRUMP token edges upward by 1%.
On the flip side, the losers’ side isn’t lacking either. WAL (Walrus) has dropped a troubling 11%, and BONK is down by 8%, along with FARTCOIN (Fartcoin) also losing 8%. Immutable (IMX) and Brett (BRETT) have seen declines of around 7%.
Overall, the global cryptocurrency market cap has sunk back to approximately $2.99 trillion today. This drop comes after it briefly surpassed the $3 trillion mark earlier yesterday. The trading volume over the last 24 hours stands at $63.11 billion, reflecting ongoing volatility in the market.
