Crypto Week: BTC Steady at $96K, DOGE Surprises, USDC Eyes $1.02, and Altcoins Mixed as Economy Wavers

Cryptocurrency News Today: Market Updates & Analysis podcast.

Hey crypto pals, Crypto Willy here with your weekly roundup of what's been shaking in the digital currency world!

The crypto market has been on quite the rollercoaster this past week. Bitcoin has settled near the $96,000 mark as of May 3rd, showing some stability after the turbulent times we saw in March. Remember that massive sell-off that pushed BTC down to $80,200? Those days seem behind us now as the flagship cryptocurrency has regained its footing.

Altcoins are currently showing mixed signals. Some are pumping while others are struggling to find direction. If you've been watching the market cap rankings, there haven't been major shifts in the top positions. As of May 8th, the hierarchy remains familiar with Bitcoin leading the pack, followed by Ethereum, Tether, Ripple, and Binance Coin rounding out the top five.

Speaking of Dogecoin, our favorite meme coin has been surprisingly stable lately, trading around $0.1712 with a market cap of $26.64 billion. Not bad for something that started as a joke, right? Billy Markus and Jackson Palmer's creation has shown impressive year-to-date growth of 34.52% in 2025. Who's laughing now?

USD Coin has bounced back after hitting interim lows of $0.995. Technical indicators like the Gaussian channel have flipped bullish, and the RSI is showing positive divergence. USDC looks poised to test resistance between $1.005 and $1.010, with some analysts even eyeing a potential all-time high of $1.020.

Let's not forget the broader economic context affecting our crypto world. The market took a serious hit back in March, losing about 25% of its total market cap since December. That downturn coincided with increased economic uncertainty and some concerning signals from traditional markets. The Dow Jones has been sluggish, up less than 1% so far this year, while the S&P 500 has lost 1.9% and the Nasdaq is down 5.8%.

For those of you keeping an eye on the political landscape, remember that crypto summit at the White House back in March? The market didn't take kindly to the uncertainties that emerged from those discussions.

Looking at the week ahead, I'm watching for continued consolidation in Bitcoin's price as it aims to reclaim the psychological $100K barrier. The altcoin market might continue its mixed performance, but projects with strong fundamentals should weather any short-term volatility.

That's your crypto week in review, friends! This is Crypto Willy signing off until next time. Keep those hardware wallets secure and your eyes on the charts!

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