Cryptocurrency news predictions
Meme-inspired tokens have seen volatile action. In early May, Dogecoin (DOGE) and Shiba Inu (SHIB) helped lead a mini-rally: DOGE jumped about +5% in late April/early May, temporarily making it the top performer among big memes https://crypto-explorer.net/category/crypto-news/. SHIB also gained, trading around $0.0000135 (up ~2% in 24h on May 2). However, by the Fed week (May 6), this momentum cooled. DOGE was trading near $0.16 and actually slipping ~2% that day, and SHIB also flattened out, as traders rotated into more mainstream assets.
XRP is trading at $2.14, showing a 1.8% decrease, but the trend may soon shift. Technical analysts point to an approaching price recovery, with targets around $2.35. After months of consolidation, XRP is reclaiming key support zones and is being closely watched by traders anticipating a breakout.
But even with that recovery, the price remains far below its January peak of $109,225, and analysts warn that its decoupling from macroeconomic trends is not yet complete. Arguments for continued upward momentum in the name include technical indicators which are currently bullish (RSI > 70, suggesting potential near term overbought conditions)}
Cryptocurrency news last 24 hours
In the last 24 hours, AVAX has experienced a 5.27% price increase. The trading volume over the same period was $479,471,390.23, representing a 7.56% change in volume. The fully diluted market cap is $12,951,978,509.68.
Bitcoin Cash (BCH) is currently trading around $461.6. The cryptocurrency, forked from Bitcoin in 2017, has a circulating supply of 19,888,018.75 BCH and a total supply of 19,888,018.75 BCH, mirroring Bitcoin’s capped supply model. Its market capitalization stands at approximately $9,123,050,208.1, ranking it among the top cryptocurrencies.
The 24-hour trading volume for SOL is $5,881,278,655.32, representing a 32% increase. The circulating supply is 531,208,010.71 SOL. Over the past 24 hours, SOL has fluctuated between a high of $146.93 and a low of $130.67. The 30-day high was $179.4 and the low was $126. The 1 year high was $295.73 and the low was $95.2.
Filecoin is a decentralized storage network utilizing Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt). It aims to provide a secure alternative to traditional data storage, with FIL as its native cryptocurrency.
Dogecoin (DOGE) is currently ranked #4 in popularity on Mudrex. The cryptocurrency is trading at $0.16. Its market capitalization stands at $24.73 billion. The 24-hour trading volume for DOGE is $1.25 billion, a decrease of 0.61% compared to the previous day.
Cryptocurrency news may 2 2025
In Washington, lawmakers will revisit digital asset regulation as the House Financial Services Committee holds a hearing on May 6. This is followed by the SEC’s Virtual Asset Task Force roundtable on May 12, which could signal future enforcement directions. Investors are also watching the U.S. Senate’s possible vote on the GENIUS Act near the end of May, a bill that could reshape blockchain startup funding.
On the technical front, May will see several notable network developments. Ethereum’s highly anticipated Pectra upgrade goes live on May 7, aimed at improving performance and user experience. Other key updates include RUNE’s Mainnet V3.5, IOTA’s new mainnet, and hardforks from KAS and XEC, all contributing to growing momentum around infrastructure innovation.
Coinbase revealed that it fell victim to a significant cyberattack, forecasting losses of $180 million to $400 million from the incident. In a May 15 regulatory filing, the exchange said hackers breached account data of a “small subset” of customers by bribing several employees of overseas support contractors for internal access. The attackers obtained some customer personal data (names, addresses, emails) but did not compromise passwords or keys, and some users were tricked into transferring funds to the scammers. Coinbase immediately fired the staff involved and refused to pay the hackers’ $20 million ransom demand. Instead, the company is cooperating with law enforcement and has offered a $20 million reward for information to help identify and capture the perpetrators. Coinbase stated it will reimburse any customers who lost funds in the scam and has strengthened its security controls following the breach. This incident – one of the costliest hacks in crypto to date – underscored ongoing security challenges even for industry-leading exchanges.
A new proposal is now live on the XPR Network Gov Dash that would fund the launch of Solana (SOL), Cardano (ADA), and Stellar (XLM) spot markets and lending support on Metal X. The proposal requests a grant for liquidity provisioning and market making. These assets have already been bridged via xTokens but remain inactive for trading. With approval, users will be able to trade and lend SOL, ADA, and XLM natively on Metal X DEX.
Bitcoin finished the week back above $97,000, extending its multi-week rally and confirming bullish momentum across spot and ETF markets. The move caps off a strong April, fueled by renewed institutional demand and improved sentiment in both BTC and ETH markets. At the same time, legacy financial firms are edging deeper into crypto, and political capital continues flowing into the sector. Volatility remains in play but capital is clearly flowing back onchain.
Ethereum activated its Pectra upgrade on May 7, marking a significant milestone for the blockchain. The upgrade went live on mainnet at epoch 364032 and is the first major update since Dencun in 2024. Pectra is a combined hard fork (execution layer “Prague” and consensus layer “Electra”) introducing 11 Ethereum Improvement Proposals (EIPs) that enhance user experience. These changes improve the staking process, add new smart wallet features, and increase layer-2 efficiency for better scalability. The successful deployment of Pectra underscores Ethereum’s ongoing evolution to become more user-friendly and scalable.