On May 5, the global crypto market saw mild growth. According to CoinMarketCap, total market capitalization reached $2.73 trillion, up 0.5% in 24 hours, with $125 billion in trading volume. Bitcoin (BTC) traded at $80,266.94, gaining 1.84%, maintaining a market dominance of 58.7%. Ethereum (ETH) rose 1.27% to $2,360.85, holding a 10.4% share.
Fear & Greed Index Rebounds to Neutral
The Crypto Fear & Greed Index, from Alternative.me, climbed to 50 (Neutral), up from 40 (Fear) yesterday and 33 last week. A month ago it stood at 12 (Extreme Fear). The shift indicates market sentiment is stabilizing, with reduced panic and more cautious participation.
BILL, TON, RAVE Lead Gains; BUILDon Drops 17%
Top 24-hour gainers: Billions Network (BILL) skyrocketed 39.79% to $0.04024 on $276 million volume; Toncoin (TON) surged 28.69% to $1.75, volume $483 million; RaveDAO (RAVE) rose 25.98% to $0.7742; Terra Classic (LUNC) added 14.06% to $0.00009798. Losers: BUILDon (B) fell 17.14% to $0.3751, MemeCore (M) dropped 9.84%, and Venice Token (VVV) lost 4.53%.
Stablecoins and DeFi See Modest Moves
Stablecoin market cap increased 0.2% to $317.2 billion, with $107 billion in trading volume. DeFi market cap grew 1.6% to $55.5 billion, representing 2.0% of the global market, with $5 billion in daily volume.
Key News Affecting Market Sentiment
Progress on the US CLARITY Act boosted crypto stocks: Coinbase up 6%, Circle up 19%, BitGo up 10%. South Korea's crypto holdings dropped from 1,218 trillion KRW to 606 trillion, with stablecoin holdings rising. Moscow Exchange will launch indices for SOL, XRP, TRX, and BNB on May 13, and upgrade BTC/ETH indices to near real-time. Canada's crypto ATM count reached 3,904, growing nearly 5% in 2026, though regulators flag fraud risks. Over 24 fake Western Union-themed tokens (USDPT) appeared on Solana; experts warn of rug pulls. Argentines still hold $170 billion outside banks despite policy changes, rooted in the 2001 crisis. Tydro protocol suspended trading due to oracle issues; funds are reported safe. Scotland's Lomond School introduced a Bitcoin-funded scholarship covering tuition and boarding, and plans a Bitcoin reserve. Coinbase-backed Base integrated zk technology to reduce finality to one day without fully moving to a ZK rollup.