Bitcoin and Ethena Defy Gravity as Crypto Markets Eye New Highs – May 5 Analysis

Crypto bulls charge ahead as Bitcoin flirts with key resistance levels and Ethena’s synthetic dollar protocol gains traction. Meanwhile, traders ignore traditional finance’s existential crisis—again.

Bitcoin’s consolidation near $65K signals accumulation phase before next leg up. Institutional inflows hit 3-week high despite Wall Street’s ’risk-off’ narrative.

Ethena’s USDe hits $2B TVL as yield-hungry degens bypass regulated stablecoins. Watch for protocol’s next governance token move.

Altcoin liquidity creeps back—just in time for another round of ’number go up’ speculation. Because fundamentals are so 2017.

Bitcoin Price Forecast: BTC hovers around $95,000 as Trump hints at mixed signals on the economy, trade deals

Bitcoin (BTC) price is hovering around $95,000 at the time of writing on Monday after facing a pullback of nearly 3% over the weekend. US President Donald Trump acknowledged a possible recession but aims to announce at least one trade deal this week, the Wall Street Journal reports. On-chain data shows that BTC holders are realizing profits, increasing the downward pressure on price.

Ethena, Movement look set for heightened volatility as $58 million token unlock looms

Ethena (ENA) and Movement (MOVE) are among the altcoins facing large token unlocks this week, pointing at potential incoming volatility. Large token cliff unlocks are often characterized by increased volatility and even price drops. Hence, such events are worth monitoring to gauge the overall health of the crypto assets and prepare for different outcomes.

Crypto market cruises near an important mark

Crypto market capitalisation has returned to below $3 trillion to $2.95 trillion, losing around 0.8% in the last 24 hours and down 1% in seven days. The selling looks like short-term profit taking after the rally of the past two weeks. Market sentiment is neutral with a slight positive bias, with the fear and greed index at 52.