🚀 Crypto Today: BTC Holds $78K, ETH Trails as ETF Flows Diverged

Bitcoin traded above $78,000 on May 2, extending strength after a ~$629M spot ETF inflow — the largest since mid-April. The move followed Iran’s updated peace proposal via Pakistan, easing geopolitical jitters. BTC now tests the $80K trigger level. However, recent gains were mostly futures-driven, warning of potential pullbacks.

Meanwhile, Ethereum rose only 0.68% to $2,299, showing neutral momentum. Bitcoin’s rising dominance above 60% and an approaching monthly “death cross” could signal a looming rotation: two prior instances preceded sharp altcoin breakouts. Total crypto market cap hit $2.57–2.6T. XRP, ZEC posted gains, while BNB and SOL lagged.

Elsewhere, the SEC proposed a formal crypto framework, and Morgan Stanley acquired an additional 286 BTC. While institutional demand supports prices, mixed sentiment and macro risks keep a lid on $80K.

#Bitcoin #Altseason

Like & share for daily alpha! DYOR. 🔥