The crypto market registered a marginal decline over the past 24 hours, dropping 0.33% to $3.33 trillion as Bitcoin (BTC) and other cryptocurrencies held steady over the weekend. BTC registered a marginal increase on Sunday as it tested $105,000, rising to an intraday high of $104,980 before declining to its current level. The flagship cryptocurrency has been marginally down over the past 24 hours, trading at around $104,000. Ethereum (ETH) also steadied itself after surging to $2,500 after posting a staggering 40% increase over the past seven days. The world’s second-largest cryptocurrency is trading just above $2,500 after a drop of over 1% in the past 24 hours. Meanwhile, Ripple (XRP) registered a marginal decline to $2.40, while Solana (SOL) is trading at $174 after surging to a high of $179. Dogecoin (DOGE) , Cardano (ADA) , Stellar (XLM) , Hedera (HBAR) , Toncoin (TON) , Polkadot (DOT) , and Litecoin (LTC) also registered notable declines. However, Chainlink (LINK) bucked the bearish trend to register an increase of nearly 1% and settle at $17.12. White House Announces China Trade Deal The White House announced it has made substantial progress towards a trade deal with China. However, there have been no official details after the announcement, making investors skeptical about the deal. According to the White House statement, details of the supposed deal will be announced in a press briefing scheduled for May 12. Treasury Secretary Scott Bessent released a statement about the trade talks, stating, “I am happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us with this wonderful venue.” Investors are monitoring the trade talks for any potential deal that could restore market confidence. However, many investors feel the details of any agreement could be underwhelming or lack substance. Pectra Opens Dangerous New Attack Vector Pectra, Ethereum’s latest network upgrade, unleashes powerful new features that improve scalability and smart account functionality. However, it has also introduced a new attack vector that could allow hackers to rain funds from user wallets using only an off-chain signature. According to reports, the Pectra upgrade, which went live on May 7 at epoch 364032, could allow hackers to exploit a new transaction type and take control of externally owned accounts without requiring the user to sign an on-chain transaction. Arda Usman, a Solidity smart contract developer, stated, “It becomes possible for an attacker to drain an EOA’s funds using only an off-chain signed message (no direct on-chain transaction signed by the user).” According to the developer, EIP-7702, a key component of the upgrade, is at the heart of the problem. The EIP introduces the SetCode transaction (type 0x04), allowing users to delegate control of their user wallet to another contract by simply signing a message. If a malicious entity gains control of this signature, it can easily overwrite the wallet’s code with a small proxy that can forward calls to a malicious contract. CryptoQuant CEO Predicts Dark Stablecoins CryptoQuant CEO Ki Young Ju believes censorship-resistant stablecoins could become necessary as traditional stablecoins face intense scrutiny. According to Ju, while BTC was designed to be censorship-resistant, stablecoins need a centralized authority to bridge digital and traditional finance. Stablecoins like Tether’s USDT and Circle’s USDC have faced minimal government interference and have served as a safe haven for various entities, including Chinese miners. According to Ju, government-issued stablecoins could soon face regulations similar to traditional banking, potentially requiring automatic tax collection through smart contracts and wallet freezes based on government mandates. These changes could drive stablecoin users to seek alternatives resistant to censorship. “Dark stablecoins are likely to emerge in the future. Bitcoin was created by the cypherpunk community to be censorship-resistant and belongs to no one, making it impossible to control. Stablecoins, however, act as a bridge between the internet and the real world, so they need someone to manage them. Companies like Tether and Circle have done this so far by holding cash reserves in banks. Governments, except when tackling money laundering, haven’t really interfered with stablecoins, which made them useful for various groups, like Chinese miners, as a safe place to store assets. But that’s changing. Soon, any stablecoin issued by a country could face strict govt regulation, similar to traditional banks. Transfers might automatically trigger tax collection through smart contracts, and wallets could be frozen or require paperwork based on govt rules. People who used stablecoins for big international transfers might start looking for censorship-resistant dark stablecoins instead.” Coinbase Contemplated Michael Saylor’s Bitcoin Strategy Coinbase CEO Brian Armstrong has revealed that he contemplated adopting Michael Saylor’s aggressive Bitcoin -buying strategy. Armstrong discussed the details during a Q&A session via X, revealing that while he contemplated most of the exchange’s balance sheet into crypto, he ultimately chose a more cautious and conservative path. Armstrong stated, “There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into crypto — into Bitcoin specifically.” Armstrong explained that such a move could have jeopardized Coinbase’s finances. The exchange currently holds $1.3 billion in crypto, primarily BTC. Bitcoin (BTC) Price Analysis Bitcoin (BTC) registered a marginal decline on Sunday to end the weekend in the red as it continued to trade under $105,000. The flagship cryptocurrency is consolidating around the $104,000 mark after surging over 10% during the previous week. The rally helped BTC reclaim $100,000 for the first time since February as it surged to $103.096 before moving to $104,617 over the weekend. However, analysts believe BTC bulls are showing signs of exhaustion after last week’s stunning rally as the price stabilizes around $104,000. However, despite buyer exhaustion, BTC has not ceded ground to sellers and has held firm above $100,000 thanks to optimism about a breakthrough in US-China trade talks. Analysts expect more details about the talks on Monday, with the nature of the agreement expected to impact investor appetite and global risk sentiment significantly. A low or zero-tariff deal could boost demand for risk assets like BTC, while a high-tariff deal could make markets cautious. Chen Weihua, China Daily EU Bureau Chief, stated, “China and the US will on Monday issue a joint statement reached at the two-day trade talks in Geneva over the weekend. No matter when this statement is released, it’s going to be big news and good news for the world.” BTC entered the previous weekend positively, rising 0.50% on Friday to $96,939. The price fell short of $97,000 as buyers lost momentum, dropping 0.98% on Saturday and 1.66% on Sunday to slip below $95,000 and settle at $94,390. Despite the bearish sentiment, BTC registered a marginal increase on Monday, rising 0.41% to $94,773. The price continued to push higher on Tuesday, rising over 2% to reclaim $96,000 and settle at $96,845. A marginal increase on Wednesday allowed BTC to claim $97,000 and settle at $97,013. Bullish sentiment intensified on Thursday as markets rallied. As a result, BTC rallied over 6%, surging past $100,000 and settling at $103,096. Source: TradingView BTC lost momentum on Friday, registering a marginal decline and settling at $102,851. The price was back in positive territory on Saturday after President Trump announced a breakthrough in US-China trade talks. As a result, BTC rose over 2% to cross $104,000 and settle at $104,617. Buyer exhaustion and resistance around $105,000 led to BTC registering a drop of almost 1% on Sunday to end the weekend on a bearish note at $103,804. The current session sees BTC up over 1%, trading just under the $105,000 level. According to analysts, key drivers behind BTC’s price action are ETF trends, US CPI Data, and the US-China trade deal. The US-China trade deal is expected to have the biggest impact on price action. A bearish scenario with rising inflation, ETF outflows, resistance to the Bitcoin Act, and a high-tariff trade deal could send BTC plunging toward $90,000. On the other hand, softer inflation numbers, ETF inflows, pro-crypto legislation, and a low or zero-tariff trade deal could send BTC to a new all-time high. Ethereum (ETH) Price Analysis Ethereum (ETH) registered a stunning rally last week, outperforming BTC and other cryptocurrencies. The world’s second-largest cryptocurrency registered a jump of over 40% over the past week, compared to BTC’s 10% increase. ETH reclaimed $2,000 on Thursday before surging past $2,500 over the weekend as it attempted a move past $2,600. ETH’s price action was one of the most disappointing aspects of the crypto market in 2025. However, it has experienced a substantial resurgence over the past few days, rekindling hopes of bullish sentiment returning to the beleaguered asset. One analyst hailed ETH’s recent price action, going as far as to say it could eclipse BTC in terms of market capitalization. The trader believes BlackRock’s purchase of 7,976 ETH for $18.9 million and a renewed push for staking exchange-traded funds could result in real, yield-generating institutional demand. Whales have also restarted ETH accumulation, purchasing 138,511 ETH in the past 48 hours. ETH’s price action was muted in the days leading up to Thursday’s rally, with the price pinned below $1,860. The previous weekend saw ETH register marginal declines, falling 0.40% and 1.34% to $1,810. Despite the bearish sentiment, ETH rose 0.58% on Monday and settled at $1,820. However, it was back in the red on Tuesday, falling to an intraday low of $1,752 before settling at $1,816, ultimately registering a marginal decline. ETH remained red on Wednesday, dropping 0.26% to $1,812. Source: TradingView ETH posted a stunning rally on Thursday after President Trump announced a trade deal between the US and the UK. As a result, ETH surged an incredible 21.76% to cross $2,000 and settle at $2,206. Bullish sentiment persisted on Friday as ETH rose to an intraday high of $2,489 before settling at $2,345, ultimately registering an increase of over 6%. Buying pressure intensified on Saturday as ETH surged past $2,500 and settled at $2,584, with ETH bulls setting their sights on a move past $2,600. However, the price lost momentum on Sunday due to buyer exhaustion, dropping to a low of $2,438 before settling at $2,514, ultimately registering a decline of almost 3%. The current session sees ETH up over 2% as it eyes a move past $2,600. However, as seen in the chart, the RSI is in overbought territory, indicating that a decline could be on the cards. Solana (SOL) Price Analysis Solana (SOL) has also outperformed BTC over the weekly timeline, rising nearly 20%. Last week’s rally saw SOL surge past $160, a level it struggled to conquer, and surge past $170 as bulls set their sights on $200. However, the rally stalled over the weekend after buyers failed to cross $180. SOL has formed a base at the previous resistance of $155 but must cross $180 to move to $200 and beyond. SOL registered a notable decline on Friday (May 2), dropping nearly 2% to $148. Bearish sentiment persisted on Saturday and Sunday as the price fell 0.83% and 1.81% to $144. Despite the overwhelming bearish sentiment, SOL recovered on Monday, rising nearly 2% to $146. Price action remained positive on Tuesday and Wednesday despite selling pressure, as SOL rose 0.11% and 0.35% to settle at $147. Source: TradingView SOL rallied on Thursday as bullish sentiment intensified after President Trump announced the US-UK trade deal. As a result, the price surged over 11% to shatter the $155 resistance and settle at $164. Buyers retained control on Friday despite volatility as SOL rose over 5% to cross $170 and settle at $172. The price fell to an intraday low of $168 on Saturday as sellers attempted to retake control. However, SOL rebounded from this level to register an increase of 2.92% and settle at $177. SOL encountered resistance at $180, and buyer exhaustion set it. As a result, the price fell almost 3% on Sunday and settled at $173. The current session sees the price up 2% as buyers look to push SOL past $180. Ripple (XRP) Price Analysis Ripple (XRP) rallied on Saturday as speculation around the approval of an XRP ETF sent the price to a high of $2.48 on Sunday. However, the optimism quickly fizzled out after no concrete details emerged, with BlackRock declining to comment on whether it discussed XRP during its meeting with the SEC. Market watchers believe a settlement between the SEC and Ripple is critical to the ETF approval. XRP price action was bearish the previous weekend, as it fell 0.97% on Saturday and 1.34% on Sunday to slip below the 20 and 50-day SMAs and settle at $2.15. Bearish sentiment persisted on Monday as the price fell 1.25% to $2.13. XRP plunged to an intraday low of $2.08 on Tuesday as sellers attempted to drive the price below $2. However, it rebounded from this level to register an increase of 1.08% and settle at $2.15. XRP failed to push higher on Wednesday, dropping 1.31% to $2.12. Source: TradingView XRP rallied on Thursday as markets turned bullish. As a result, the price registered an increase of 9.44% to cross the 20 and 50-day SMAs and settle at $2.32. Buyers retained control on Friday as the price reached an intraday high of $2.42 before settling at $2.34, ultimately registering an increase of $2.34. Bullish sentiment intensified on Saturday as XRP rose over 5% and settled at $2.47. However, it could not go higher and fell 4.23% on Sunday to settle at $2.36. The current session sees XRP up 2.44% and trading at $2.42, looking to build momentum and test $2.50 again. Litecoin (LTC) Price Analysis Litecoin (LTC) registered a sharp decline on Friday (May 2), losing momentum and dropping to $88. Sellers retained control on Saturday and Sunday as the price fell 1.56% and 1.70% to settle at $85.15. LTC attempted a recovery on Monday, reaching an intraday high of $89.55. However, it could not stay at this level and dropped over 2% to $83,32. LTC rallied on Tuesday, rising nearly 10% to cross $90 and settle at $91. However, it was back in bearish territory on Wednesday, dropping 2.24% after facing volatility and settling at $89.47. Source: TradingView Price action turned positive on Thursday as LTC rose over 6% to reclaim $90 and settle at $94.88. LTC continued to push higher on Friday, rising almost 6% to cross the 200-day SMA and $100 and settle at $100.50. Buyers retained control on Saturday as the price rose nearly 5% and settled at $105. However, price action turned bearish on Sunday as LTC dropped 4.89% to end the weekend on a bearish note at $100.04. The current session sees LTC up over 2% and trading at $102.31. Uniswap (UNI) Price Analysis Uniswap (UNI) has surged over 40% during the past seven days after its stunning rally, which saw it retake key levels and push above moving averages. Despite recent bullishness, price action was bearish the previous week, with UNI dropping 1.27% on Friday (May 2). Sellers retained control on Saturday as UNI registered a drop of almost 3% and settled at $5.09. Bearish sentiment persisted on Sunday as the price fell 1.98%, slipping below $5 and settling at $4.99. Price action remained bearish on Monday as UNI registered a marginal decline. The price fell to an intraday low of $4.73 on Tuesday as selling pressure intensified. However, it rebounded and settled at $4.97, ultimately registering a marginal decline. UNI continued to decline on Wednesday, falling 1.99% and settling at $4.87. Source: TradingView However, market sentiment changed on Thursday as major cryptocurrencies rallied. As a result, UNI surged over 26%, racing past the 20 and 50-day SMAs and settling at $6.14. UNI faced volatility on Friday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as UNI rose 3.60% and settled at $6.36. Bullish sentiment intensified on Saturday, and UNI surged 18.58% to cross $7 and settle at $7.54. Buyers lost momentum after reaching this level, and UNI fell over 8%, slipping below $7 and settling at $6.92. The current session sees the price up over 3% at $7.13. Filecoin (FIL) Price Action Filecoin (FIL) registered a sharp decline on Saturday (May 3), dropping over 5%, slipping below the 20 and 50-day SMAs, and settling at $2.64. The price continued to decline on Sunday, registering a marginal decline and settling at $2.63. Sellers retained control on Monday as the price fell 0.99% to $2.60. Bearish sentiment intensified on Tuesday as FIL plunged to an intraday low of $2.48. However, it rebounded from this level to settle at $2.58, ultimately registering a drop of almost 1%. Despite the bearish sentiment, FIL registered a marginal increase on Wednesday and moved to $2.59. Source: TradingView Bullish sentiment returned on Thursday as FIL surged 12.63% to cross the 20 and 50-day SMAs and settle at $2.91. The price continued to push higher on Friday, rising nearly 4% to cross $3 and settle at $3.02. Buyers retained control on Saturday as FIL registered an increase of over 7% and settled at $3.24. However, it was back in the red on Sunday, dropping 3.24% to $3.13. The current session sees FIL up over 3% and trading at $3.23. 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.
