Global Crypto Market Overview: May 5, 2025

The global cryptocurrency market saw a mild pullback today, with the total market capitalization standing at $2.94 trillion, marking a 1.3% decline in the last 24 hours. Market sentiment remains neutral, as indicated by the Crypto Fear & Greed Index at 49. Traders are treading cautiously ahead of Ethereum’s highly anticipated Pectra upgrade, while U.S. and U.K. regulators hint at tighter policies surrounding crypto investments.

Price Performance of Major Cryptocurrencies

• Bitcoin (BTC): $94,563 (-1.1%) – $674.9 million
• Ethereum (ETH): $1,828.50 (-0.11%) – Pectra upgrade on May 7
• Binance Coin (BNB): $591.90 (-0.49%) – Modest losses amid regulatory scrutiny
• Ripple (XRP): $2.18 (-0.46%) – Stability amid SEC case
• Cardano (ADA): $0.6838 (-0.9%) – Down despite ecosystem upgrades
• Dogecoin (DOGE): $0.1738 (-0.2%) – Stable with no catalyst
• Solana (SOL): $146.51 (+1.1%) – Rising with DeFi and NFTs
• Polkadot (DOT): $3.98 (flat) – No major change
• Litecoin (LTC): $88.65 (+3.3%) – Best performer among majors
• Uniswap (UNI): $5.08 (+0.8%) – Mild gains

Top Gainers

• Core (CORE): $0.7697 (+12.17%)
• Walrus (WAL): $0.5901 (+11.01%)
• Flare (FLR): $0.0201 (+7.85%)
• Pudgy Penguins (PENGU): $0.0108 (+7.53%)
• Bonk (BONK): $0.00001722 (+5.43%)

  Token	Price	24h Change
  Core (CORE)	$0.7697	+12.17%
  Walrus (WAL)	$0.5901	+11.01%
  Flare (FLR)	$0.0201	+7.85%
  Pudgy Penguins (PENGU)	$0.0108	+7.53%
  Bonk (BONK)	$0.00001722	+5.43%

Top Losers

• Ethereum Name Service (ENS): $17.73 (-8.2%)
• Sonic (S): $0.5216 (-4.04%)
• Kaia (KAIA): $0.1127 (-3.72%)
• FET (Artificial Superintelligence Alliance): $0.661 (-3.56%)
• BitTorrent (BTT): $0.0000007112 (-3.5%)

  Token	Price	24h Change
  Ethereum Name Service (ENS)	$17.73	-8.2%
  Sonic (S)	$0.5216	-4.04%
  Kaia (KAIA)	$0.1127	-3.72%
  FET (Artificial Superintelligence Alliance)	$0.661	-3.56%
  BitTorrent (BTT)	$0.0000007112	-3.5%

Key Developments to Watch

• Ethereum Pectra Upgrade Approaches

  Slated for May 7, Ethereum’s upcoming Pectra upgrade could significantly impact gas fees and scalability. Traders are closely watching ETH price movements in anticipation of increased volatility.

  📉 Token Unlock Pressure

  Ethena (ENA) is unlocking 171.88 million tokens today, raising concerns of short-term sell pressure. Similar unlock events are scheduled across several altcoins this week.

  U.S. Bitcoin Reserve Executive Order Ends

  Former President Trump’s 60-day executive order establishing a U.S. Bitcoin reserve expires today, potentially creating ripple effects on public sector crypto policies.

  UK’s Crypto Credit Crackdown

  The UK Financial Conduct Authority (FCA) plans to ban credit-based crypto purchases for retail investors. This comes amid rising concerns about irresponsible leveraging in the retail market.

Expert Market Outlook

Despite daily fluctuations, long-term sentiment remains bullish. Standard Chartered predicts Bitcoin to reach $120K by the end of Q2 and potentially $200K by year-end. Meanwhile, meme coins like Fartcoin (FART) and Bonk (BONK) have gained 300%-500% due to renewed interest.

Final Thoughts

May 5, 2025, saw the market lean slightly bearish, but not without standout performers and big-picture developments. Ethereum’s Pectra upgrade, token unlock schedules, and global regulation remain top-of-mind for traders and investors. Whether you’re holding long-term or looking to scalp the next move, this week is poised to deliver plenty of action.