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Home»Bitcoin»Crypto Market Today: Bitcoin reaches $ 97,000 as a Dogecoin, Sonic, Litecoin & Aero Lead Altcoin rally
Bitcoin

Crypto Market Today: Bitcoin reaches $ 97,000 as a Dogecoin, Sonic, Litecoin & Aero Lead Altcoin rally

May 2, 2025No Comments3 Mins Read
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  • Bitcoin exceeds $ 97,000 while the Dynamics Altcoin accelerates through major and emerging tokens.
  • Negative exchange netflows and FNB inputs highlight a strong conviction and reduced sales pressure.

Bitcoin (BTC) A exceeded $ 97,000, recovering a critical level and strengthening the bullish momentum through the market.

This decision follows weeks of consolidation and now positions Bitcoin rightly to test the psychological resistance of $ 100,000.

Institutional appetite remains strong, companies like the Ibit of Blackrock exceeding $ 43 billion in management assets due to massive entries in the past two weeks

These developments, combined with the technical confirmation of a penalty of pennant, suggest that confidence returns quickly and the discovery of prices could soon resume historical heights.

Is the market wider that takes fire?

Altcoins have reflected the Bitcoin momentum, with the reduction of token capital at risk as the feeling improves.

Market optimism was fueled by a rebound in social commitment, an increase in open interest between derivatives and a drop in exchange reserves.

In particular, the domination of the Altcoin market has climbed, pointing out a wider participation.

Investors seem to be positioned in front of potential macro-catalisters, including the expected announcements linked to FNB and the softening more in global monetary conditions.

Consequently, market prospects have become increasingly optimistic, majors and microcaps seeing a renewed demand and stronger technical configurations.

Several altcoins surpass in the middle of the rally, each driven by unique catalysts. DOGECOIN (DOGE) Prevents the enthusiasm of the recivantic coin, supported by increased social dominance and speculative flows.

SONIC (s) gained ground after large integrations and a significant increase in its total locked value, which underlines the increase in utility.

Litecoin (LTC)Long considered a conservative alternative to Bitcoin, sets up a wave of ETF optimism and a broader interest in the market.

In the meantime, Aerodrome (aero) Attracts attention as activity on the basic chain develops. These tokens reflect the growing appetite for various risk profiles during bullish cycles.

What feeds the rally?

Institutional appetite continues to be a major catalyst for the current rally, with coherent FNB entries and a strategic positioning by large funds like BlackRock.

However, what further strengthens upward perspectives are the negative data from Netflow of exchange.

A net output of approximately 259.49 million parts, representing a variation of -1.6%, indicates that more assets leave the exchanges than the entry.

This suggests that investors move their assets to storage or cold challenge protocols, reducing sales pressure.

When combined at a clearer regulatory moment, this trend highlights a strong conviction in exposure to long -term cryptography.

Source: cryptocurrency

Is the cryptography market ready for new gains?

The rally appears structurally, driven by the macro tail winds and the strength on chain. With Bitcoin Six Figure Eye and Altcoins showing participation in the sector scale, the market clearly regains confidence.

If institutional flows and regulatory impulse persist, the current upward trend could evolve towards a sustained movement at all levels.

Next: Elon – Crypto Nexus continues? Anthony Scaramucci predicts major integrations



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