The crypto market today is dominated by bears, as the sentiments tremble in view of the Non-Farm Payrolls (NFP) report cautioning about the FED being hawkish. And the worsening liquidations, which have crossed $600 Million. This has had a direct impact on the numbers of the crypto business, the market capitalisation has slipped by 4.09% to $2.71 trillion. Coming to “Fear & Greed Index,” the metric signals an “Extreme Fear” score of 17. However, traders did buy the dip, which helped the volumes to zoom over 94% to $101.31 billion.
Bitcoin Price Drops to $82k Amid Pressure?
The U.S. government giving a nod to Bitcoin reserve, did little to help BTC stand against the rough winds, as Bitcoin still saw liquidations amounting to $239.92 million. BTC price currently is at $82,506.72, with a change of -4.03% since yesterday. Its market cap went south by 4.03% to $1.63 trillion.
The altcoin market has not performed any better. Ethereum witnessed $108.01 million in liquidations, while XRP and Solana followed with $30.56 million and $26.46 million, respectively. Ethereum with a price drop of over 5%, is trading at $2066.30, while Solana dipped by more than 7% to $128.28. And XRP trades at $2.19 with a change of -5.61%.
While the broader market bleeds, a few tokens managed to post gains. Story IP took the limelight with a 9.61% price surge. Ethena followed with a 5.11% rise, while XAUt held steady with a slight uptick of 0.01%.
On the losing end, JASMY, KAS, and Maker led the losses, with JASMY plummeting by 13.66%, KAS down 12.41%, and MKR slipping 11.75%.
FAQs
How much does 1 Bitcoin cost today?
The price of 1 Bitcoin at the time of writing is $82,506.72.
Which tokens have gained the most today?
Story IP (+9.61%), Ethena (ENA) (+5.11%), and XAUt (+0.01%) are the top gainers.
What’s the current crypto market sentiment?
The Fear & Greed Index is at 17, indicating Extreme Fear in the market.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see expert opinions on what the future holds for Bitcoin (BTC) amid renewed institutional interest. Meanwhile, its market peer, gold, is no longer the only go-to investment in times of uncertainty.
Bitcoin to $120,000: Standard Chartered Predicts Next BTC Rally
As indicated in a recent US Crypto News publication, Bitcoin price remains on course to the target objective of the falling wedge pattern.
After overcoming the resistance at $94,000, BTC is confronting immediate resistance at $95,765. A decisive candlestick close above this roadblock could clear the path for further upside, with Bitcoin price potentially completing the forecasted 20% climb to $102,239.
This optimism comes asBitcoin emerges as a potential beneficiary amid global trade tensions. US tariffs are sparking capital flight and market volatility.
BeInCrypto contacted Standard Chartered for insight into the current Bitcoin market outlook. Interestingly, the bank forecasted a breakout Bitcoin rally mirroring its post-US election surge, with a Q2 price target of $120,000 now in sight.
According to Standard Chartered Head of Digital Asset Research Geoff Kendrick, Bitcoin’s price is primed for a rally similar to its dramatic rise following the US presidential election in November 2024.
The pioneer crypto hit a record high of $103,713 the following month.
Kendrick pointed to accelerating US spot Bitcoin ETF (exchange-traded funds) inflows, particularly when contrasted with declining gold ETP (exchange-traded product) inflows.
“The last time the gap between Bitcoin and gold ETF flows was this wide was during the week of the US election,” Kendrick told BeInCrypto.
According to Kendrick, Bitcoin is catching up to gold, with the king of crypto already serving as a better hedge amid strategic asset reallocations away from the US.
US ETF inflows/outflows vs Gold ETFs. Source: Standard Chartered
This chart compares investment flows into two financial instruments, Bitcoin ETFs and Gold ETPs. It shows higher investor interest and volatility in the former compared to the latter.
Tether’s Q1 2025 report reveals its tokenized gold product, XAUT, is backed by over 7.7 tons of physical gold.With rising global economic uncertainty, XAUT’s market cap surged to $853.7 million, making it the largest tokenized gold product.
BNB Chain optimizes for speed, cutting block times to 1.5 seconds for BSC and 0.5 seconds for OpBNB. Meanwhile, Ethereum’s Fusaka faces a developer rift.
Ripple’s Executive Chairman and Co-founder Chris Larsen is reportedly scheduled to meet with new SEC Chair Paul Atkins on May 2, 2025. The meeting comes amid Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), a case that has dragged on for years and significantly impacted the future of XRP.
What Makes This Meeting Important?
Paul Atkins, the newly appointed SEC Chair, is no stranger to crypto. A former SEC Commissioner, Atkins recently spoke out in favor of clearer crypto regulation and even proposed the idea of a “regulatory sandbox” to allow blockchain innovation to grow safely in the U.S.
Insiders speculate that this meeting might lead to real progress — possibly even a settlement in the Ripple-SEC case or discussions around approving a spot XRP ETF. While nothing has been officially confirmed, the timing and high-profile nature of the meeting are raising hopes across the crypto community.
XRP ETF: Hype or Hope?
Adding to the excitement, Bloomberg ETF analyst Eric Balchunas recently suggested there’s an 85% chance that an XRP ETF could be approved in 2025. If true, this would mark a significant milestone for Ripple and boost investor confidence.
XRP has been trading strongly around $2.23, gaining more than 1% in the past 24 hours ahead of the meeting. However, the price did briefly slip to $2.12 after the SEC delayed its review of several crypto-related filings.
Will This End the Ripple-SEC Battle?
While many are hopeful this meeting could lead to a breakthrough or settlement, not everyone is convinced. Former SEC attorney Marc Fagel dismissed the idea, saying on social media, “No. That’s not how this works.”
So, while today’s meeting could mark a turning point, expectations should remain grounded. The official agenda remains confidential — but the crypto world will be watching closely.
The post XRP News: Ex-SEC Lawyer Says Larsen-Atkins Meeting Today Won’t End Ripple Case appeared first on Coinpedia Fintech News
Ripple’s Executive Chairman and Co-founder Chris Larsen is reportedly scheduled to meet with new SEC Chair Paul Atkins on May 2, 2025. The meeting comes amid Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), a case that has dragged on for years and significantly impacted the future of XRP. What Makes …
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