Bitcoin Price Today 05/05: BTC Drops to $94K While SUI Rises 8%
- Bitcoin Recovers After Hitting Monthly Low of $93.600
- SUI rises 8% and leads gains among cryptocurrencies of the day
- BTC dominance drops as altcoins show strength in the market
On May 5, 2025, the price of Bitcoin (BTC) showed a slight decline, being quoted at US$ 94.326,62, with a drop of 1,5% in the last 24 hours. In the Brazilian market, the cryptocurrency is traded at approximately R$ 531.472,66. In the eurozone, BTC is valued at around € 83.089,92, according to records from CoinMarketCap.
The cryptocurrency market started the week with mixed results, with Bitcoin (BTC) partially recovering after falling to its May low of $93.600. The largest cryptocurrency on the market has been falling steadily since last Friday, when it was trading at around $98, fueling expectations around the symbolic $100 mark.
However, sellers took control over the weekend, pushing BTC lower. Monday's Asian session saw further weakening, taking the asset to the $93 range. Shortly after, Bitcoin rebounded and is currently trading above $94.600, with a slight daily recovery. Meanwhile, its dominance over altcoins has fallen to 61,5%.
Among the largest-cap cryptocurrencies, SUI stood out as the best-performing asset of the day. The coin appreciated more than 8% in the last 24 hours, trading close to US$ 3,50. Despite the recent correction, SUI has accumulated gains of more than 50% in the period of one month, demonstrating strong market momentum.
Other tokens that performed positively include TAO, up 6% and trading above $365, as well as PEPE, ONDO, Litecoin (LTC) and Monero (XMR), which saw gains of between 3% and 4%. Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), Chainlink (LINK) and TRON (TRX) are also trading higher, but in a more restrained manner.
On the other hand, some assets such as Cardano (ADA), UNUS SED LEO (LEO), Avalanche (AVAX) and Toncoin (TON) saw modest declines. The total cryptocurrency market cap fell by around $20 billion in the last 24 hours, now sitting below $3,06 trillion.
