Bitcoin Regains $96,000 Mark; VIRTUAL Leaps 35%, CRV and FARTCOIN See 10% Growth (May 1, 2025)
Crypto Chaos: Weekend Roars as Bitcoin Takes a Leap
As the week winded down, the crypto market was all set for a wild weekend. Bitcoin showed a burst of energy, catapulting itself back into the $96K range, a level not seen since February 24. Interestingly, this range that once served as a strong support, is now eyed as a formidable resistance in Bitcoin's journey toward $100K.
Following the market's about-face, a plethora of altcoins experienced a surge. Leading the pack was Virtuals Protocol's VIRTUAL token, soaring over 35%, with CRV, S, and FARTCOIN following closely with a 10% boost each.
Grappling at the brink of the $100K battle, traders and market analysts are optimistic about Bitcoin breaking this barrier by the weekend. At the moment, Bitcoin is trading around $96,241, registering a 1.32% increase in the last 24 hours.
ETH, nosediving to $1,741 in a sudden slump earlier, rebounded with a vengeance, currently trading at $1,850. SOL is queuing up to join the celebration, trading near $151.8, up 2.76% in the last 24 hours. On the other hand, XRP, BNB, DOGE, and ADA are slowly inching higher, aligning themselves to break their weekly highs.
Other altcoins, such as HYPE, INJ, FET, SEI, and WIF are up by an average of 7% today, while FLOKI, OP, IP, IMX, FLR, and TON are struggling with losses, with FLOKI leading as it plummets 5%, followed by OP's 4% and IP's 3% drop. Low-cap alts like XDC, LAYER, FLR, IMX, and TON have also taken a hit, losing approximately 2% in the last 24 hours.
Today's Token Trends
The crypto scene is buzzing this week, with the GORK meme coin storming the market, thanks to an astounding 60,000% spike. Launched on Solana, GORK's rapid rise can be attributed to viral hype, impressive trading volume nearing $135 million, and its quirky AI personality mesmerizing communities on X. With the market constantly evolving, keep an eye on VIRTUAL, WLD, BEAM, ALPHA, and FARTCOIN.
Here's the lowdown on the top gainers and losers today:
- Top Gainers:
- VIRTUAL (Virtuals Protocol): +35%
- CRV (Curve DAO Token): +10%
- S (Sonic): +10%
- FARTCOIN (Fartcoin): +10%
- INJ (Injective): +8%
- Top Losers:
- FLOKI (Floki): -5%
- OP (Optimism): -4%
- Story (IP): -3%
- IMX (Immutable): -2%
- FLR (Flare): -2%
The global crypto market capitalization has escalated by 1.12% today, towering at $3 trillion and boasting a 24-hour trading volume of $85.34 billion. Bitcoin holds a dominant 63.55% share, with Ethereum clocking in at 7.4% (according to CoinMarketCap data). Don't forget to check out the captivating story of the GORK meme coin here.
- Amidst the crypto market's wild weekend, Bitcoin leapt back into the $96K range, a previous support now serving as a notable resistance in its quest to surpass $100K.
- The surge in Bitcoin echoed across the market, propelling many altcoins including Virtuals Protocol's VIRTUAL token, CRV, S, and FARTCOIN, among others, to experience a remarkable increase.
- Meanwhile, Ethereum, which earlier plummeted to $1,741, has rebounded and is currently trading at $1,850, while Solana's SOL is preparing to join the celebration, trading near $151.8.
- Currently, Bitcoin is trading around $96,241, registering a 1.32% increase in the last 24 hours, hinting at optimism among traders and analysts about breaking the $100K barrier.
- In the realm of altcoins, while virtuals like VIRTUAL, WLD, BEAM, ALPHA, and FARTCOIN are experiencing gains, other tokens such as FLOKI, OP, IP, IMX, FLR, and TON have faced losses, with FLOKI leading with a 5% drop.
