INSUBCONTINENT EXCLUSIVE:
On May 2, 2025, data from TradingView and major exchanges showed Bitcoin trading near $96,900, up nearly 2% over 24 hours
The move capped a volatile session marked by strong buying and institutional inflows.Bitcoin broke above $95,500, touched $97,400 overnight,
and then settled into a tight range
The price action tracked a clear uptrend, with the hourly chart revealing support from both the 100-period and 200-period moving
averages.Bollinger Bands signaled increased volatility, but the price stayed above key support at $96,200
Traders watched ETF flows closely, as Bitcoin ETFs saw renewed inflows, helping push spot prices higher.Analysts noted that ETF demand and
whale activity drove the rally
The technical setup remained bullish, but resistance at $98,500 loomed
Market participants saw the $95,500 level as a battleground, with profit-taking emerging near $97,400.Altcoins told a different story
Ethereum gained 1.5% to $1,839, but lagged Bitcoin as traders rotated capital into the largest crypto
Diverge, ETF Hopes and Policy Moves Shape Crypto Market
(Photo Internet reproduction)Solana traded at $149.98, up less than 1%, as it formed a bull flag pattern
Investors eyed a breakout above $152 but remained wary of volatility linked to the upcoming FTX repayment event.XRP traded at $2.22, barely
changed, as delays in ETF approvals weighed on sentiment
The SEC postponed decisions on several funds, including those for XRP and Solana.Market UpdateDespite optimism for eventual approval, the
odds of new ETF launches before the end of Q2 fell, and trading volumes stayed muted
Litecoin outperformed, rising nearly 5% to $88.93, as traders sought exposure to legacy proof-of-work coins.Smaller tokens showed sharp
HAEDAL jumped nearly 40%, likely due to speculative trading and new listings
MOVE and ALPACA fell hard, dropping 21% and 56% respectively, as profit-taking and lack of fresh catalysts triggered rapid declines.DOGE and
ADA posted modest gains, reflecting ongoing retail interest
Macro factors continued to shape sentiment
initiatives to add Bitcoin and altcoins to reserves signaled growing institutional acceptance, but also introduced new volatility
ETF inflows and outflows, along with global risk sentiment, dictated short-term direction.The market remains volatile but full of
Investors now watch for a decisive move above $98,500 or a correction toward $95,000, as the next trend takes shape.
