On May 6, 2025, the crypto market slightly corrected, with Bitcoin Ethereum price drop(ETH) falling about 2% and falling below the crucial $1,800 level. Under pressure, Bitcoin (BTC) also dropped momentarily below $94,000, therefore testing a vital support zone.
Notwithstanding early-week uncertainty, a combination of institutional interest and macroeconomic events—including the forthcoming U.S. Federal Reserve rate decision—keeps shaping market mood. Traders are closely monitoring indicators of a reversal or more thorough consolidation.
BTC Nears $100K Hype, ETH Lags
Bitcoin’s current price is $93,869; over 24 hours, the price dropped 0.17%. Still, BTC dominates with 64.85%, the most since February 2021, which reflects ongoing trust in the top digital asset. BlackRock’s Bitcoin ETF fuels this attitude since, on May 5, it experienced a noteworthy $531 million in inflows. This increase in institutional demand has revived rumors that BTC would try once more for the $100,000 mark.
Ethereum, on the other hand, still presents difficulties. ETH is stuck under the $1,800 threshold, with the price down 1.96% to $1,772. Analysts think a move above $1,850 will open the way toward $2,000. However, Coinbase’s announced stop on ETH transfers, effective May 7, is causing traders to exercise temporary caution.
Crypto Market Movers Today: Top Gainers, Losers, and Trending Coins
In the meantime, BNB shows neutral movement and stays close to $595. Based on the most recent CoinMarketCap statistics, XRP has dropped by 2.74% to $2.09.
Regarding outstanding performances, FORM tops the gainers with a 6% increase; Monero (XMR), up 4% in the last 24 hours, follows. Conversely, RAY (Raydium) and VIRTUAL (Virtuals Protocol) have shown severe drops of 16% and 14%, respectively.
Trending Cryptos Today: LAYER (Solayer), XRP (XRP), SOL (Solana), SAFE (Safe), and MOVE (Movement).
Today’s Top Gainers: FORM (Four) +6%, XMR (Monero) +4%, PAXG (Pax Gold) +2%, XAUt (Tether Gold) +2%, LEO (UNUS SED LEO) +2%.
Today’s Top Losers: RAY (Raydium) -16%, VIRTUAL (Virtuals Protocol) -14%, WAL (Walrus) -10%, SUI (Sui) -8%, FLR (Flare) -7%.
Key Market Insights
The current $2.91 trillion global crypto market capitalisation shows substantial ecosystem value. Despite the price declines, trading activity has soared; 24-hour volume rises by 14% to reach $65.45 billion, indicating heightened investor interest.
Summary
The crypto market slumped somewhat on May 6, 2025, as Ethereum plummeted below $1,800 and Bitcoin Ethereum price drop momentarily under $94,000. Despite the drop, BTC kept strong with 64.85% market dominance, driven by $531M in ETF inflows. Ahead of Coinbase’s transfer stop, ETH is under pressure; generally, market activity increased, with trading volume up 14% to $ 65.45 B.
