Cryptocurrency Price Today (May 5): Bitcoin Dips Below $95,000, CORE Becomes Top Gainer
Cryptocurrency price Today on May 5 quick take: The global market cap dipped to $2.94 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $95,000 mark early Monday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of dips and gains across the board as the overall Market Fear & Greed Index stood at 49 (Neutral) out of 100, as per CoinMarketCap data. CORE became the biggest gainer, with a 24-hour jump of nearly 13 percent. ENS turned out to be the biggest loser today, with a 24-hour dip of nearly 9 percent.
The global crypto market cap stood at $2.94 trillion at the time of writing, registering a 24-hour dip of 1.30 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $94,416.80, registering a 24-hour loss of 1.63 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 79.69 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,805.31, marking a 24-hour loss of 2.10 percent at the time of writing. Ethereum price in India stood at Rs 1.52 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.79 percent, as per CoinMarketCap data, currently priced at $0.1725. Dogecoin price in India stood at Rs 14.54.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 1.52 percent. At the time of writing, it was trading at $87.69. LTC price in India stood at Rs 7,401.74.
Ripple (XRP) Price Today
XRP price stood at $2.16, seeing a 24-hour dip of 1.94 percent. Ripple price in India stood at Rs 182.86.
Solana (SOL) Price Today
Solana price stood at $146.42, marking a 24-hour jump of 0.11 percent. SOL price in India stood at Rs 12,333.74.
Top Crypto Gainers Today (May 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Core (CORE)
Price: $0.7697
24-hour gain: 12.17 percent
Walrus (WAL)
Price: $0.5901
24-hour gain: 11.01 percent
Flare (FLR)
Price: $0.0201
24-hour gain: 7.85 percent
Pudgy Penguins (PENGU)
Price: $0.01081
24-hour gain: 7.53 percent
Bonk (BONK)
Price: $0.00001722
24-hour gain: 5.43 percent
Top Crypto Losers Today (May 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Ethereum Name Service (ENS)
Price: $17.73
24-hour loss: 8.20 percent
Sonic (S)
Price: $0.5216
24-hour loss: 4.04 percent
Kaia (KAIA)
Price: $0.1127
24-hour loss: 3.72 percent
Artificial Superintelligence Alliance (FET)
Price: $0.661
24-hour loss: 3.56 percent
BitTorrent (BTT)
Price: $0.0000007112
24-hour loss: 3.50 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Alankar Saxena, CTO and co-founder, Mudrex, told ABP Live, “Bitcoin is trading at $94,30 as investors remain cautiously optimistic ahead of the FOMC meeting. Despite the weekend profit booking, network activity is surging, with BTC just recording its highest number of active addresses in six months, with over 925,000 addresses active in a single day. This rise in participation reflects growing investor interest and market engagement. A dovish stance from the Fed could lead to a fresh rally toward the $100,000 milestone, triggering over $3 billion in liquidations that could further fuel upward momentum. Bitcoin now faces resistance near the previous high of $97,900, while major support stands at $92,000.”
CoinSwitch Markets Desk noted, “The market exhibited a blend of optimism and caution. Bitcoin (BTC) tested the $97K support level before returning to ~$94.5K, buoyed by positive sentiment surrounding potential U.S.-China trade negotiations and robust institutional demand. Additionally, traditional markets also exhibited a positive trend with S&P 500 and Nasdaq composite, both closing the week with a gain of ~1.5%.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “"Bitcoin's sharp rejection at $98,000 underscores the continued battle between bullish momentum and strong overhead resistance near the psychological $100K level. While the asset's fundamentals and on-chain metrics remain supportive of another leg up, short-term corrections like this are natural in extended rallies. Altcoins, meanwhile, are experiencing a broader pullback, with high-beta assets like SUI and AVAX seeing sharper declines. The recent dip in total market capitalization and rising BTC dominance suggest a temporary capital rotation back into Bitcoin as investors seek stability amid volatility. We expect the market to remain range-bound in the short term, with breakout potential hinging on macro sentiment and institutional flows.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently trading around ₹82,17,000 (~$98,500), maintaining strong upward momentum post-halving. It recently broke above key resistance at $95,000, fueled by ETF inflows and low exchange supply. RSI is slightly overbought, hinting at minor pullbacks, but the overall trend remains bullish. Long-term holders continue to accumulate, and futures markets show rising open interest with positive sentiment. If Bitcoin holds above $92,000, it could soon test the $100,000–$105,000 zone. Support lies near $88,000. Short-term traders may look to buy dips with targets around ₹90–95 lakhs by month-end. The long-term outlook remains highly optimistic.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market is bracing for the Fed’s interest rate decision this week. The popular sentiment is inclined toward the Fed chief defying Trump and holding the rates steady amidst macroeconomic uncertainty and geo-political risks. Gold is gaining momentum as investors are moving towards safe assets to safeguard their wealth while BTC remains strong above the $94,000 mark. We can expect the market to stay flat and the above factors keep the crypto community on its toes.”
CoinDCX Research Team noted, “The crypto markets seem to have entered a retracement phase as the Bitcoin price continues to plunge after closing the weekly trade on a bearish note. Most of the altcoins have been facing notable upward pressure, while the global market capitalization drops below $2.95 trillion. Meanwhile, altcoins like Walrus (WAL), Flare (FLR), & Core (CORE) attract decent gains, and Ethereum Name Service (ENS), Sonic (prev. FTM), Render (RNDR), and a few more plummet by nearly 7% to 8%. The top 10 tokens are closely following the BTC price rally, while Tron (TRX) & Sui (SUI) are trying hard to keep up the bullish trend.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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