Bitcoin Trades Close to $95 2f328 000, Majority Altcoins See Price Reduction as Market Consolidates

Bitcoin reflected a minor price dip of 0.17 percent to trade at $94,920 (roughly Rs. 80 lakh) on international exchanges. 3o2i5i

Written by Rohan Pal | Updated: 1 May 2025 12:15 IST

Bitcoin Trades Close to $95,000, Majority Altcoins See Price Reduction as Market Consolidates

Photo Credit: Pixabay/ Sergei Tokmakov 5z514

The valuation stands at $2.96 trillion as of Thursday, May 1, 2025

Highlights

Ripple, Solana saw losses
Chainlink, Stellar ed price drops
Leo, Monero recorded small price hikes

ment

The crypto market, while still slowed down, is seemingly stabilising after going through a rough April. Stepping into May, the markets are showing signs of consolidation, analysts told Gadgets 360. On Thursday, May 1, Bitcoin reflected a minor price dip of 0.17 percent to trade at $94,920 (roughly Rs. 80 lakh) on international exchanges. On Indian exchanges as well, Bitcoin logged a loss of around one percent to trade at $95,400 (roughly Rs. 80.7 lakh).

“Bitcoin showed strong resilience at lower levels, fueled by continuing Bitcoin ETF inflows and increasing whale accumulation. Notably, K33 Research reports that Bitcoin's weekly volatility has dropped to a 563-day low, reinforcing its growing maturity as a global financial asset. BTC continues to face resistance above the $95,500 (roughly Rs. 80.8 lakh) zone while has moved back to $93,000 (roughly Rs. 78.6 lakh),” Alankar Saxena, Co-founder and CTO of Mudrex told Gadgets 360.

Ether showed a minor price hike of 0.31 percent on international exchanges. Data by CoinMarketCap shows that ETH is presently trading at $1,810 (roughly Rs. 1.53 lakh). Meanwhile, on Indian exchanges, the asset is trading at $1,824 (roughly Rs. 1.53 lakh).

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“Ethereum is in the process of consolidating and may be building up to change dominance, depending on the future direction of market dynamics. On the whole, sentiment in the crypto world is positive,” Avinash Shekhar, Co-Founder and CEO of Pi42, told Gadgets 360.

The crypto price tracker showed the majority of altcoins trading in reds on Thursday.

These include Chainlink.

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Bitcoin SV also settled in losses alongside BTC.

The overall crypto market cap clocked a loss of 0.26 percent in the last 24 hours. With this, the valuation of the sector has come to $2.96 trillion (roughly Rs. 2,50,51,499 crore), showed CoinMarketCap.

Zcash emerged among the handful of crypto assets that did manage to hold onto minuscule gains on Thursday.

“The cryptocurrency market experienced a downturn, influenced by unfavorable US economic indicators. Following reports of a negative first-quarter GDP and weaker-than-anticipated employment data signaling stagflation concerns, Bitcoin briefly sured $95,000 but retracted,” the CoinSwitch Markets Desk told Gadgets 360, advising investors to practice caution in making financial decisions.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Zcash

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More