- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Litecoin Plunges Hard After LTC ETF Delay, Bitcoin Stands Calm at $94K (Market Watch)
By: bitcoin ethereum news|2025/05/06 18:15:01
0
Share
Bitcoin’s price tried to take down the $95,000 resistance but the bears were quick to intercept the move and pushed the asset south by a grand. Many altcoins have turned red over the past day. LTC leads this adverse trend after the US SEC delayed making a decision on one of the ETF applications. BTC Stalls at $94K Bitcoin had a strong week at the end of April and the beginning of May when its price recovered from yet another slip to $93,000 and went on the offensive. That support line has turned out to be crucial for the asset, at least for now, and BTC spiked after last Wednesday’s retest. In a few hours, the primary cryptocurrency jumped by several grand and rose above $97,000. The landscape became even more bullish on Friday when BTC tapped $98,000 for the first time in over two months. As the bulls were preparing for an attempt to take down the coveted $100,000 level, though, the situation changed, and bitcoin started to lose value gradually. The culmination came yesterday and earlier today when BTC dropped toward the aforementioned $93,000 support. It bounced off once again but was stopped at $95,200 and driven south to just over $94,000 as of now. Its market cap has remained sluggish at $1.870 trillion, while its dominance over the alts is close to 62% on CG. LTC Drops Hard Litecoin received some harmful but expected news on the ETF front yesterday when the US SEC extended the deadline to make its final decision for another month or so. Although it was no surprise for many, the native token dropped hard and is down by 7% on a daily scale. As of now, LTC remains inches above $80. Granted, most other larger-cap alts are in the red as well. These include XRP, DOGE, ETH, ADA, SUI, LINK, LEO, XLM, AAVE, and APT, with losses of up to 5%. BNB, TAO, and XMR are among the few with minor gains. However, the total crypto market cap has shed another $40 billion and is down to $3.030 trillion on CG. LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. Source: https://cryptopotato.com/litecoin-plunges-hard-after-ltc-etf-delay-bitcoin-stands-calm-at-94k-market-watch/
You may also like
Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report
1. Top News: Last Night's US-Iran Situation Recap, Iranian High-ranking Officials Killed, Over 200 Ships Stranded in the Strait of Hormuz
2. Token Unlock: $ENA
Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later
The sound is still in the distance, so the days can still go on.
72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million
These accounts were all registered in February, with most of them making their first deposit within 24 hours before the attack, and they have no other transaction history. Their behavior closely resembles insider trading.
How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo
In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.
I have given up using OpenClaw
Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.
WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment
The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.
Morning News | Iranian Supreme Leader Khamenei Assassinated; Kalshi to Refund Fees for "Will Khamenei Step Down" Related Market; Bitcoin Spot ETF Sees Net Inflow of $787 Million This Week
Overview of Important Market Events on March 1
The harvesting tactics of the quantitative giant Jane Street
Quantitative giant Jane Street has been accused of manipulating the liquidity and derivatives of markets such as the Indian stock market and Bitcoin, earning billions of dollars in the process.
Cryptocurrency ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $787 million; the net inflow for Ethereum spot ETFs in the U.S. was $80.2 million
Top universities like Harvard have started to allocate to Bitcoin ETFs in their endowment funds.
WLFI at it Again? Banking License Controversy Amid $500M Investment
The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved
The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?
Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report
1. Top News: Last Night's US-Iran Situation Recap, Iranian High-ranking Officials Killed, Over 200 Ships Stranded in the Strait of Hormuz
2. Token Unlock: $ENA
Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later
The sound is still in the distance, so the days can still go on.
72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million
These accounts were all registered in February, with most of them making their first deposit within 24 hours before the attack, and they have no other transaction history. Their behavior closely resembles insider trading.
How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo
In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.
I have given up using OpenClaw
Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.
WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment
The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.
App