The crypto market registered a substantial increase on Tuesday following a weak headline CPI of 2.3% in April. Bitcoin (BTC) rose over 1% following the data, reclaiming $104,000 and settling at $104,120. However, it underperformed compared to Ethereum (ETH) and other altcoins.
ETH recorded an increase of over 9% in the past 24 hours, surging past $2,600 and settling at $2,675. Ripple (XRP) continued its upward trajectory, rising nearly 4% to $2.57, while Solana (SOL) crossed $180, rising almost 7% to $181.
Dogecoin (DOGE) also performed impressively over the past 24 hours, rising 8.52% to $0.242. Cardano (ADA) is up 4.55% to $0.825, while Chainlink (LINK) is up almost 6% to $17.31. Stellar (XLM), Hedera (HBAR), Toncoin (TON), Polkadot (DOT), and Litecoin (LTC) also registered substantial increases.
US CPI Inflation Drops To 2.3%
The US Consumer Price Index (CPI) inflation dropped to 2.3% in April, lower than the market expectation of 2.4%. The US Bureau of Labor Statistics (BLS) also reported that the core CPI, which excludes food and energy prices, rose 2.8% on a yearly basis, matching analyst estimates. The CPI and Core CPI both registered an increase of 0.2% on a monthly basis. The CPI numbers failed to elicit a substantial response from the US Dollar, with the USD Index down 0.25%.
Meanwhile, the crypto market capitalization crossed $3.5 trillion for the first time since February 2, following the CPI numbers. Investors capitalized on weak inflation data, increasing buying pressure across BTC and other altcoins. As a result, BTC reclaimed $104,000 after rising more than 1% following its decline to $100,700. BTC’s rise is also being attributed to President Trump’s appeal to Fed Chair Jerome Powell to lower interest rates. The price jump has also seen the crypto asset continue its correlation with the Global M2 money supply, which it has been tracking with a 10-week lag.
“The pattern is repeating itself now, with the BTC price approaching its all-time high and the indicator coming out of a long phase of selling pressure.”
Crypto Market Liquidation Hits $730 Million
The crypto market registered a sharp downturn before Tuesday’s recovery, leading to liquidations surpassing $730 million as BTC fell below $102,000 on Monday. According to data from Coinglass. 73% of these liquidations were long, highlighting the bullish sentiment and overexposure among traders. The week began positively as prices rose during Asian trading hours, as reports that US-China had reduced tariffs for 90 days emerged. However, these gains were erased after BTC registered a sudden pullback, dropping to an intraday low of $100,700.
The pullback triggered a wave of liquidations, with over $730 million in leveraged positions wiped out.
Is Altcoin Season On The Horizon?
Bitcoin dominance has registered a substantial decline, suggesting a shift towards altcoin season. Analysts reported that Bitcoin’s share of the total crypto market fell to 61.3%, significantly lower than the 65% last week. Tracy Jin, CEO of MEXC, believes this could be an early indicator that the altcoin season could be getting underway. According to Jin, traders are cycling out of stablecoins while individual altcoins are registering an increase in interest.
“Bitcoin dominance just took a noticeable dip — from 65% down to 62% — while the altcoin market cap jumped $300 billion in a matter of weeks. That kind of shift doesn’t happen without reason. The usual early signals are flashing: declining USDT dominance, improving price structure on altcoin charts, and rising interest in sector leaders like Monero, Sui, and Bittensor.”
ETH’s price action also signaled growing interest in altcoins. The world’s second-largest cryptocurrency rose 10% over the past 24 hours and is up nearly 50% in the past week, reclaiming $2,000 and surging past $2,500 to reach current levels. Jin discussed ETH’s performance, stating,
“Ethereum’s performance is another signal pointing to the potential start of altseason. While large short positions among ETH traders and persistent bearish sentiment previously indicated a continuation of the downtrend, a surge in risk appetite has renewed interest in ETH and smaller altcoins.”
However, Jin acknowledged that the crypto market is technically still in Bitcoin season.
S&P 500 Rebounds To Erase Losses
The S&P 500 rebounded 1% on Tuesday to erase its losses in 2025, rising after an array of favorable developments lifted prices across the market. The Nasdaq Composite also rose 1.6%. However, the Dow Jones Industrial Average dropped 0.64% after shares of UnitedHealth fell 18% after its CEO stepped down and the company suspended guidance. The rally in the stock market was driven by Nvidia, which registered a 6% increase, crossing a $3 trillion market cap after it emerged that it would ship 18,000 AI Chips to Saudi Arabia. Other prominent chipmakers, including Broadcom and AMD, registered notable increases as global demand and optimism around AI surged.
Softer-than-expected inflation numbers also helped drive the market. The April Consumer Price Reading showed inflation rose 2.3% year-over-year, slightly below expectations, making the slowest annual pace since 2021. Easing trade tensions with China also lifted investor sentiment.
FalconX Announces Partnership With Standard Chartered
Crypto prime broker FalconX has partnered with Standard Chartered to serve institutional crypto investors. The partnership is FalconX’s first collaboration with a global bank, indicating growing demand for digital assets through traditional financial channels. The partnership allows FalconX to leverage Standard Chartered’s banking and foreign exchange services, including access to a wide range of cryptocurrencies to support institutional clients. Matt Long, FalconX’s General Manager of APAC & the Middle East, stated,
“Our clients will be able to engage more efficiently in fiat currencies settlements, which means a lot faster settlement, better capital efficiency, and overall reduced operational risk.”
FalconX’s clientele includes some of the biggest asset managers, sovereign wealth funds, and family offices. Luke Boland, Asia Head of Fintech at Standard Chartered, stated that the collaboration will begin in Singapore and expand to other countries in Asia, the Middle East, and the US.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) continued to face volatility as it traded between $100,000 and $105,000. The flagship cryptocurrency lost momentum after posting a dramatic rally last week that saw the price surge past $100,000 as market sentiment turned positive after the US-UK trade deal. Trade talks with China over the weekend added further momentum, and falling inflation numbers also improved the market outlook. BTC continues to trade above $100,000 despite selling pressure after the CBOE Volatility Index (VIX) dropped to its 30-day average of 20, falling from a peak of 60. The decline came after the US and China introduced a 90-day pause in tariffs and reduced existing tariffs by 115%.
The agreement created a risk-on sentiment in markets, boosting Bitcoin and equities as investors pivoted to high-risk assets. Timothy Peterson, Bitcoin Network analyst, stated,
“$VIX dropped substantially yesterday on news of a potential China trade deal. It is now at ‘normal’ levels. This will be a ‘risk on’ environment for the foreseeable future.”
The drop in the CPI inflation rate added to growing market optimism, falling to 2.3% year-over-year in April 2025, the lowest since February 2021. The softer-than-expected numbers indicated a drop in inflationary pressure, potentially increasing the likelihood of Federal Reserve interest rate cuts in 2025.
Peterson had earlier predicted BTC could surge to $135,000 within 100 days after the CBOE Volatility Index (VIX) dropped from 55 to 25, suggesting a risk-on environment.
BTC registered a sharp decline on Saturday (May 3) as it traded in the red the previous weekend. The price dropped 0.98% on Saturday and 1.66% on Sunday to settle at $94,390. The price recovered on Monday, rising 0.41% and settling at $94,773. Bullish sentiment intensified on Tuesday as the price registered an increase of 2.19% to cross $96,000 and settle at $96,845. A marginal rise on Wednesday saw BTC cross $97,000 and settle at $97,013. Bullish sentiment intensified on Thursday after President Trump announced the US-UK trade deal. As a result, BTC surged over 6% to cross $100,000 and settle at $103,096.
Source: TradingView
The rally lost momentum on Friday as the price registered a marginal decline and settled at $102,851. Buyers returned to the market on Saturday following a thaw in US-China trade relations, and BTC climbed 1.72% to cross $104,000 and settle at $104,617. However, it lost momentum on Sunday after failing to cross $105,000 and dropped nearly 1% to $103,804. BTC encountered volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price dropped over 1% to $102,729, but not before falling to an intraday low of $100,692. BTC rose over 1% on Tuesday despite volatility and settled at $104,120. The current session sees BTC marginally down as buyers and sellers struggle to establish control. Sellers will look to drive the price below $100,000, while buyers will attempt to regain momentum and drive toward $105,000.
Ethereum (ETH) Price Analysis
Ethereum (ETH) continues its upward trajectory during the ongoing session after registering a stunning rally last week, which took it past $2,000 and $2,500. The world’s second-largest cryptocurrency is up over 6% during the ongoing session and registered an increase of nearly 50% in the past week as bullish sentiment around the asset returned after months of muted price action. Institutional confidence around ETH has also returned, with Abraxas Capital doubling down on the asset, purchasing 33,482 ETH for over $84 million. The asset manager has begun an aggressive accumulation of ETH and now holds over $477 million in ETH. The latest purchase has taken the firm’s total holdings to 211,030 ETH.
Meanwhile, ETH faced relentless selling pressure and volatility on Sunday and Monday. However, it did not cede ground to the bears and held firm above $2,500. ETH faces immediate resistance at the 200-day SMA, with another crucial level at $2,800. The cryptocurrency’s structure remains bullish on higher time frames as it consolidates above $2,500. The $2,800 level is marked by several technical indicators that could act as a hindrance unless ETH can surge past these levels.
Meanwhile, ETH’s price action was muted for most of last week. However, sentiment changed on Thursday as the price soared nearly 22%, crossing $2,000 and settling at $2,206. ETH continued to push higher on Friday, reaching an intraday high of $2,489 before settling at $2,345, ultimately registering an increase of 6.30%. Buyers retained control on Saturday as the price rose over 10% to cross $2,500 and settle at $2,585. However, the rally lost momentum on Sunday, dropping almost 3% and settling at $2,514.
Source: TradingView
ETH faced volatility on Monday as buyers and sellers struggled to establish control. The price dropped to an intraday low of $2,408 and rose to a high of $2,623 before settling at $2,496 after a marginal decline. Bullish sentiment returned on Tuesday as ETH surged over 7% to reclaim $2,500 and settle at $2,681. The current session sees ETH down over 2%, trading at $2,628.
Solana (SOL) Price Analysis
Solana (SOL) raced past $180 on Tuesday after registering an increase of over 5% as markets turned bullish. However, it has lost momentum during the ongoing session as sellers look to drive it below $180.
SOL registered a notable decline on Saturday (May 3), dropping almost 1% to $146. The price continued to drop on Sunday, falling nearly 2% to $144. However, SOL rebounded on Monday, rising 1.78% and settling at $146. Sellers attempted to lower the price on Tuesday as SOL fell to an intraday low of $141. However, it recovered from this level to register a marginal increase and reclaim $146. A marginal rise on Wednesday saw SOL move to $147. SOL surged on Thursday as markets rallied. As a result, the price soared nearly 12%, crossing $155 and settling at $164.
Source: TradingView
Bullish sentiment persisted on Friday as SOL rose over 5% to cross $170 and settled at $172. Buyers retained control on Saturday as the price registered an increase of 2.92% to settle at $177. Despite the positive sentiment, SOL lost momentum on Sunday, dropping nearly 3% and settling at $173. The price encountered volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as SOL rose 0.61% to $174, but not before reaching an intraday high of $174. SOL plunged to an intraday low of $165 on Tuesday as sellers attempted to overwhelm buyers. However, it rebounded from this level to register an increase of over 5% to cross $180 and settle at $183. The current session sees SOL down nearly 2% as sellers look to drive it below $180.
Cardano (ADA) Price Analysis
Cardano (ADA) faced volatility on Saturday (May 3), dropping from an intraday high of $0.730 to $0.70, ultimately registering a marginal increase. Sellers seized control on Sunday, and the price dropped over 3%, slipping below $0.70 and settling at $0.677. ADA continued to decline on Monday, falling over 2%, falling below the 20 and 50-day SMAs, and settling at $0.663. The price dropped to an intraday low of $0.642 on Tuesday before rebounding to register an increase of 2.26% and settle at $0.678. ADA was back in the red on Wednesday, falling almost 1% to $0.672. Price action turned bullish on Thursday as ADA surged over 14%, crossing the 20 and 50-day SMAs and settling at $0.769.
Source: TradingView
The price reached an intraday high of $0.817 on Friday. However, it could not stay at this level and dropped to $0.776, ultimately registering an increase of almost 1%. Bullish sentiment intensified on Saturday as ADA rose over 8%, surging past the 200-day SMA and settling at $0.840. The rally lost momentum on Sunday, dropping over 4% to end the weekend in the red at $0.805. ADA encountered volatility on Monday as the price surged to an intraday high of $0.864 and fell to an intraday low of $0.780 before settling at $0.818 after an increase of 1.61%. The price fell to a low of $0.773 on Tuesday as selling pressure intensified. However, it rebounded from this level to register an increase of 1.34% and settle at $0.829. The current session sees ADA down nearly 3% as sellers attempt to drive it below $0.80.
Hedera (HBAR) Price Analysis
Hedera (HBAR) traded in the red the previous weekend, dropping 3.58% on Saturday and over 2% on Sunday to slip below the 20-day SMA and settle at $0.175. The price fell 1.16% on Monday, going below the 50-day SMA and settling at $0.174. Despite the overwhelming bearish sentiment, HBAR recovered on Tuesday, rising 1.62% to cross the 50-day SMA and settle at $0.177. The price registered a marginal decline on Wednesday before surging over 10%, crossing the 20-day SMA and settling at $0.195.
Source: TradingView
Buyers retained control on Friday as HBAR registered an increase of 3.42% and settled at $0.201. Bullish sentiment persisted on Saturday, and HBAR rose over 8%, surging past the 200-day SMA and settling at $0.218. However, it lost momentum on Sunday, dropping 5.32%, slipping below the 200-day SMA and settling at $0.207. HBAR surged to an intraday high of $0.228 on Monday but could not stay at that level, eventually settling at $0.214. The price plunged to an intraday low of $0.200 on Tuesday but rebounded to settle at $0.215, ultimately registering a marginal increase. The current session sees HBAR down over 3% as sellers look to drive it below $0.30.
Uniswap (UNI) Price Analysis
Uniswap (UNI) has registered a stunning rally over the past week, rising 35% to cross key levels and moving averages. The altcoin started the previous week in the red, dropping almost 2% on Sunday to slip below $5 and settle at $4.99. The price continued to drop on Monday, registering a marginal decline and settling at $4.97. Price action remained bearish on Tuesday as UNI fell to an intraday low of $4.73 before settling at $4.97. Bearish sentiment intensified on Wednesday as the price fell 1.99% to $4.87. UNI rallied on Thursday as markets rebounded. As a result, it rose over 26%, surging past the 20 and 50-day SMAs and $6 and settling at $6.14.
Source: TradingView
UNI continued to push higher on Friday, reaching an intraday high of $6.71 before settling at $6.36, an increase of 3.60%. Bullish sentiment intensified on Saturday as the price soared almost 19%, crossing $7 and settling at $7.54. UNI lost momentum on Sunday, dropping over 8%, slipping below $7 and settling at $6.92. The price encountered volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as UNI registered a marginal decline and settled at $6.89. UNI continued to experience volatility on Tuesday but registered an increase of 2.98% to reclaim $7 and settle at $7.09. Selling pressure has returned during the ongoing session, with UNI down nearly 6%, trading at $6.69.
Injective (INJ) Price Analysis
Injective (INJ) registered a sharp decline on Sunday (May 4), dropping nearly 4% to end the weekend at $9.29. The price registered a marginal increase on Monday but was back in the red on Tuesday, dropping 1% to $9.24. The price rebounded on Wednesday, rising 3.52% to cross the 20-day SMA and settling at $9.57. Bullish sentiment intensified on Thursday as INJ surged nearly 17%, crossing $11 and settling at $11.17.
Source: TradingView
Buyers retained control on Friday as the price registered an increase of 5.54% and settled at $11.79. INJ continued to push higher on Saturday, rising almost 14% and settling at $13.43. Despite the positive sentiment, INJ lost momentum on Sunday, dropping 2.15% and settling at $13.14. INJ started the current week on a bullish note, rising almost 5% to $13.76. The price plunged to an intraday low of $12.83 on Tuesday as sellers attempted to overwhelm buyers. However, the price rebounded from this level, ultimately registering a marginal decline and settling at $13.67. The current session sees INJ down 2.37%, trading at $13.35.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2025/05/crypto-price-analysis-5-14-bitcoin-btc-ethereum-eth-solana-sol-cardano-ada-hedera-hbar-uniswap-uni-injective-inj