Cryptocurrency Market Sees Strong Gains on May 2, 2025

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 hours ago

BTC+1.415%

WLFI-15.909%

XRP+0.581%

Should l Buy BTC?

Bitcoin Surge: As of 4:30 AM KST, Bitcoin (BTC) rose by 2.81% to $78,526.06, indicating strong demand for digital assets and potentially attracting more investors into the market.
Ethereum Performance: Ethereum (ETH) increased by 2.03% to $2,307.03, reflecting its ongoing appeal in the smart contract and decentralized application sectors, which may further drive its market share growth.
Market Volatility: Among the top 100 cryptocurrencies, Monad (MON) posted the largest gain at 10.19%, while World Liberty Financial (WLFI) recorded the steepest decline at 9.44%, highlighting the high volatility and investment risks in the market.
New Coin Listing: The new cryptocurrency Polymarket USD ($PUSD) was listed on CoinMarketCap within the past 24 hours, indicating that the market continues to expand, potentially providing investors with more investment options and opportunities.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	70532.429	72734.974	75080.569	77283.114	79628.709	81831.254	84176.849
Fibonacci	72734.974	74472.364	75545.725	77283.114	79020.504	80093.865	81831.254

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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