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May 1st crypto world news
Market Sentiment and Index: Today's Crypto Fear and Greed Index has dropped to 53, down from 56 yesterday, indicating that market sentiment is in a "neutral" state.
Bitcoin Market: BTC is currently fluctuating within a narrow range between $94,000 and $95,000. After a brief volatility following the Federal Reserve's decision, the market has shown a clear sideways consolidation throughout the day. The price has failed to effectively break through the resistance near $95,500 and has not fallen below the short-term support near $93,500. Trading volume has decreased compared to the previous day, with both bulls and bears in a balanced state, remaining in a wait-and-see mode.
Ethereum Market: ETH is currently hovering around $1,800, with a fluctuation range mainly between $1,780 and $1,820. The daily chart shows that the Ethereum price has retreated to $1,730, which is the intersection point of the ema30 and ema15 trend lines. Although there are positive factors in the market, the technical indicators on the chart indicate a bearish tendency.
Other important news: Solana futures open interest is nearing historical highs as traders reassess the possibility of a breakout above $200. A certain whale has unstaked approximately 92,600 SOL, valued at $13.51 million. Another giant whale has swapped WBTC for ETH, with a total value of $5.68 million. DWF Labs announced that it will act as the official market maker for JST, the native governance token of the JUST ecosystem, operating in Dubai.