.png){kind=logo}
Crypto Prices Today: Bitcoin Steady at $94K, Altcoins Mixed in $2.94 Trillion Market
The crypto market today, as of 10.48 am on May 5, 2025, is down by 1.18%, with major cryptos in red. The global market cap has reduced to $ 2.94 T. Bitcoin and Ethereum have posted minor corrections of approximately 1.5% over 24 hours. Altcoins have followed suit, with Solana and Tron being the only exceptions. The market is reacting to global developments such as the announcement of the Maldives crypto deal, the US stablecoin bill, and more. Check the full details below.
The crypto prices today are in all red with the market showing mixed sentiments. Bitcoin continues to hover at the $94,000 mark, while altcoins such as Solana and TRON contradicted the wider trend. The top ten cryptos have witnessed minor corrections or gains. Key global developments and US political tensions have influenced the market sentiment today. Let’s explore crypto prices today along with major drivers behind to get the full clarity on their expected future performance.
Crypto Prices Today
Here are the movements in the top ten cryptocurrencies in the las 24 hours:
Bitcoin Stable Amid Upward Potential
The current Bitcoin price is $94,385.24, registering a slight 1.45 % drop over the last 24 hours. Although its market capitalization is strong at $1.87 trillion, with more than $20.47 billion trading volume. It has a circulating supply of 19.86 million BTC. Long-term momentum is still a subject of hope despite the recent setback.
In a recent report, NYDIG Research put an estimated large increase in Bitcoin's value based on companies like MSTR implementing a Bitcoin treasury strategy.
“If we use a 10x 'money multiplier', an estimate of historical influence of fresh capital on the market cap of bitcoin and then divide by all supply of bitcoin, we have a rough order of magnitude for the potential impact on price: a roughly $42,000 boost per bitcoin," NYDIG’s research report pointed out.
If the forecast comes true, it may push Bitcoin to almost $136,000, a 44% rise from its current spot price.
Altcoins: Solana and TRON Dominate in a Diverse Market
Here are the altcoins which are in red today:
Ethereum: The second-largest cryptocurrency by market capitalization, dipped by 1.55 %, closing at $1,803.48. It has a market capitalization of $217.73 billion and a 24-hour trading volume of $9.29 billion. The circulating supply is 120.73 million ETH.
BNB: It is on a similar path with a decline of 1.51 %, and it was priced at $589.98. Its market cap is $83.12 billion with a circulating supply of 140.88 million BNB. It has a 24-hour volume of $1.15 billion.
XRP: The crypto fell 1.47 % to $2.16, with a market capitalization of $126.58 billion. It had a 24-hour trade volume of $1.8 billion with 58.5 billion XRP circulating.
Cardano: ADA also fell 2.29 % to $0.6796. Its circulating supply is 35.3 billion ADA, and it has a market cap of $23.99 billion, with $669 million traded today.
Dogecoin: DOGE fell 1.65 % to $0.1719. It has a circulating supply of 149.13 billion and a market capitalization of $25.63 billion, with a 24-hour trading volume of $665 million.
The altcoins that defied the downward trend:
Solana: Amid the above losses, SOL increased by 0.55 % to trade at $146.23. With a market cap of $75.77 billion and a circulating supply of 518.19 million, its trading volume was over $1.83 billion.
TRON: TRX also saw a 0.60 % increase to trade at $0.2494, with a market cap of $23.68 billion and a 24-hour volume of $434 million.
Both assets were winners list for showing bullish signs today, completely different than the overall bear run. They both moved upwards as institutional attention to Web3 infrastructure continues to increase.
Stablecoins in Focus as Regulatory Uncertainty Grows
The stablecoins face a new threat under changing US regulations:
Tether: USDT is stable at $1.00 with a minor fall of 0.01 %. It dominates stablecoin with its market capitalization of $149.36 billion and enormous trading volume of 24 hours valued at $42.67 billion. Circulating supply stands at 149.35 billion USDT.
USDC Coin: It was trding just below $0.9998, also experiencing a small 0.01 % decline. At a market capitalization of $61.47 billion and a similar token supply, USDC recorded $6.04 billion in trading volume in the last day.
However, the future of stablecoins in the US has been under threat. A band of Senate Democrats, Senators Ruben Gallego, Mark Warner, Lisa Blunt Rochester, and Andy Kim, have pulled back their support from the GENIUS Act, a Republican-drafted stablecoin bill.
"Still has several problems that need to be solved," the group announced in a unified statement. They threatened they would not vote in favor of a procedural vote unless changes were "significant".
This growth risks slowing the creation of a US stablecoin regulatory regime, adding further uncertainty to the crypto sector.
Global Spotlight: Maldives Signs $9 Billion Crypto Hub Deal
In a sweeping initiative that potentially changes the international blockchain economy completely, the government of the Maldives signed a $9 billion agreement with Dubai-based investment firm MBS Global Investments. The deal is aimed at creating a crypto hub in the country's capital, Malé.
The development features an 830,000-square-meter building that will accommodate blockchain, crypto, and Web3 companies. The partnership is a strategic move to diversify the economy of the Maldives, which has been traditionally dependent on tourism and low-margin exports such as fishing.
The investment is over the nation's yearly GDP of approximately $7 billion, marking a historic shift towards digital assets and decentralized finance, according to the Financial Times.
Investor Takeaway
The crypto market today is characterized by cautious price action, institutional optimism, and growing regulatory scrutiny. Bitcoin continues to trade steadily with bullish long-term predictions, as Solana and TRON were among the top performers against a subdued altcoin backdrop. Globally, meanwhile, from the Maldives' crypto hub plan to Washington's stablecoin controversy, there are signs of a fast-changing macro landscape for investors.
