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EOS, Bitcoin & Ethereum Face Pivotal Price Test as Asian Markets Open – May 8

EOS, Bitcoin & Ethereum Face Pivotal Price Test as Asian Markets Open – May 8

FxStreet-Crypto
Release Time:
2025-05-08 05:14:42
0

Crypto traders brace for volatility as EOS struggles at key support, Bitcoin eyes $65K resistance, and Ethereum battles post-ETF approval fatigue.

Bitcoin’s sideways grind tests hodler patience – because nothing says ’decentralized revolution’ like watching Bloomberg terminals for SEC cues. Meanwhile, Ethereum’s gas fees still cost more than your morning latte.

Asian session liquidity could spark the next big move... or just another fakeout for overleveraged degens.

Top 3 gainers EOS, Kaito, Stacks: Navigating the dynamic altcoin market

The altcoin market is getting more complex to navigate, with fragmented narratives, limited liquidity, and massive token unlocks creating hefty headwinds. EOS is set for its planned rebrand on May 14, which will unlock the ecosystem as a web3 banking powerhouse. The blockchain company had to start this rebrand process. Essentially, the functions and features we’ve added over the last three and a half years have all been in a particular direction of Web3 banking," Vaulta Foundation CEO, Yves La Rose, said during the Digital Asset Summit 2025.

Crypto Today: BTC price breaches $97.5K as FOMC sparks gains in SOL, Alpaca and SUI staking markets

Cryptocurrencies sector valuation posts mild 24-hours gains of 1% on Wednesday, breaking past the $3.1 trillion for the first time this week, according to Coingecko data. The US Federal Reserve dominated newsreels with a third consecutive rate pause accompanied by hawkish-leaning meeting notes.

Ethereum Price Forecast: ETH holds steady as Pectra upgrade goes live on mainnet

Ethereum (ETH) held steady on Wednesday after the Pectra upgrade went live on mainnet. The upgrade, which introduced several features to Ethereum, failed to spark increased volatility as ETH continued trading NEAR the $1,800 mark.

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