Bitcoin Nears $100K, Ripple’s Big Fail, And All The Crypto Drama You Missed

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Ah, the calm after the storm. This week, Bitcoin decided to chill for a bit—because who needs another wild ride after that five-month low at the start of April? Talk about a drama queen. But hey, BTC is back, and it’s moving in a much calmer (but still undeniably positive) way. It’s like that friend who always says, “I’m fine,” but you know they’re not—well, Bitcoin actually *is* fine.

Remember when Bitcoin blew past the $90,000 mark like it was nothing on April 22? Yeah, that was cute. Since then, it’s made a few attempts to challenge $96,000, but—plot twist—it got rejected. Classic. But don’t get all sad and dramatic just yet. The corrections were nowhere near as painful as that tragic April price crash. We’re talking minor inconvenience level here, people.

Instead, BTC decided to play it safe and stayed cozy in a little range between $93,000 and $96,000. Think of it like a comfortable pair of jeans that don’t make you look like a sausage. Every time the bears tried to pull BTC down, it was met with instant buying pressure. Like, seriously, could the bears get a break?

And just when you thought it couldn’t get more exciting (spoiler alert: it totally can), Bitcoin decided to throw caution to the wind and surged past that $96,000 barrier to hit over $97,000. It’s basically been flexing, because why not? Analysts are all excited, saying this familiar pattern usually results in immediate gains. So, get ready for those fireworks, folks!

Oh, and in case you needed more proof that BTC is on fire—miner data suggests that the bull run is definitely back on. Bitcoin’s price dropped to a local bottom compared to the average miner cost, and now it’s making a comeback. So, if you’ve got a stake in BTC, congratulations—you might be richer soon.

But for now, let’s just bask in the glory of BTC chilling just above $97,000, eyes locked on that $100,000 target. It’s up by 3% this week, which is better than most altcoins. Take that, you crypto noobs. 😎

Market Data


Market Cap: $3.133T | 24H Vol: $82B | BTC Dominance: 61.6%

BTC: $97,337 (+3%) | ETH: $1,849 (+4.2%) | XRP: $2.23 (+2%)

This Week’s Crypto Headlines You Can’t Miss

Movement Labs Suspends Co-Founder Amid Market Maker Scandal: Full Details. Oh, the drama! Movement Labs’ co-founder, Rushi Manche, got the boot after a suspicious market-making deal led to a $38 million token dump. Can’t say we didn’t see that one coming.

Bitcoin’s Next Move: 3 Scenarios to Watch in 2025. Bitcoin is on a wild ride, and CryptoQuant is here to predict the future. Spoiler: The bearish scenario? Not happening. At least, not according to the experts. 😂

Why Was Ripple’s $5 Billion Takeover Offer Rejected by Circle? (Report) Oh, Ripple, bless your heart. They tried to offer $5 billion to buy Circle, the company behind the second-biggest stablecoin. But Circle said, “Nah, we’re good.” Talk about rejection, am I right?

SEC Delays Decision on Spot Ripple, Dogecoin ETF Applications. Well, surprise, surprise—the SEC delayed decisions on the XRP and DOGE ETF applications. It’s almost like they’re playing hard to get. New deadlines are June 17 and June 15. Stay tuned, folks.

It’s Time to Buy Bitcoin and Altcoins: Arthur Hayes. Arthur Hayes is living his best life at Token2049 in Dubai, telling everyone it’s time to “go long everything.” You heard the man—buy it all. 💸

$4 Billion in 2 Weeks: Bitcoin Whales Go on Massive Accumulation Spree. Forget your daily latte. Bitcoin whales are having a $4 billion shopping spree, because why not?

Charts

This week, we have chart analyses for Ethereum, Ripple, Cardano, Hype, and Solana—click here for the full scoop. Your move, crypto nerds.

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2025-05-02 18:07