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Published: May 7, 2025
Bitcoin surges above $97K, Solana stable coins hit $13B, and BNB eyes a 4X growth. Here’s what’s driving the crypto market today.
Crypto Market Rallies Ahead of Fed Decision
Bitcoin is back above $97,000 as traders remain optimistic before the U.S. Fed’s interest rate news.
Strong buying signals are forming around $94,400 in futures markets. Trading volumes are up 15%, showing rising investor confidence.
Read our daily Bitcoin updates
Bitcoin Eyes $100K as Demand Grows
Bitcoin is trading near $97,446. Analysts believe a move past $100K is likely.
Strategy™ plans to buy more Bitcoin with a $21B equity raise.
Meanwhile, Morgan Stanley may launch spot crypto trades on E*Trade.
Ex-Binance CEO CZ believes Bitcoin could hit $500K–$1M this cycle. ETFs are driving the demand, he said.
El Salvador now holds over 6,170 BTC worth $580M, strengthening state-level support.
Solana Hits $13B Stablecoin Cap
Solana’s stablecoin market cap has grown 156% this year. It now stands at a record $13 billion.
USDC dominates with a 77% share. Solana’s TVL has also jumped from $6.1B to $7.65B.
Solana leads DEX activity with a 27.7% market share. Transactions have climbed 25% in a month to 57.7 million.
SOL is now trading at $148. Analysts see a breakout to $220 if it holds $130 support.
See Solana’s latest ecosystem growth
BNB Price Could Quadruple by Year-End
Standard Chartered predicts BNB could reach $1,275 by late 2025.
The BNB ETF filed by VanEck on May 5 may attract more institutions.
BNB is now trading near $600 with strong market momentum.
Over 60% of BNB’s on-chain activity is in DEXs, making it a leading Layer-1 chain.
Track BNB’s performance and predictions
New Hampshire Makes Bitcoin History
New Hampshire became the first U.S. state to approve Bitcoin investment by its treasury.
House Bill 302 lets it invest in crypto assets with a $500B+ market cap.
Arizona and Florida rejected similar bills this month. But New Hampshire is setting the tone for future adoption.
Learn more about Bitcoin in state finance
NEAR ETF Joins Race
Bitwise has filed a spot NEAR Protocol ETF with the SEC.
The NEAR token trades at $2.37 and aims to solve blockchain’s “trilemma.”
NEAR’s tech handles 100K TPS using sharding and now focuses on AI tools.
This joins other ETF filings for Dogecoin, Solana, Cardano, and XRP.
Discover the rise of NEAR and altcoin ETFs
Market Outlook
Investor mood is bullish. The Crypto Fear & Greed Index has shifted to “Greed.”
Bitcoin is holding strong, Solana’s fundamentals are growing, and BNB’s outlook is positive.
Stay tuned as the market moves closer to the Federal Reserve’s May 7 rate decision.
Check out today’s crypto price chart
Suggested Internal Links:
- Crypto Tools & Calculators
- Real-Time Bitcoin Tracker
- Solana Ecosystem DEX List
- Latest Altcoin ETF News
- Crypto Regulations Explained
Stay tuned for daily updates on the evolving cryptocurrency landscape.
