Bitcoin Surges Past $96,400 Ahead of FOMC Meeting, Altcoins Show Mixed Movement

By: gadgets 360|2025/05/07 17:00:08
0
Share
copy
Bitcoin has been trading within the range of $93,000 (roughly Rs. 78.7 lakh) and $97,000 (roughly Rs. 82.1 lakh) for almost a week now. Ahead of the upcoming FOMC meeting, Bitcoin's price has risen by over two percent in the last 24 hours. On international exchanges, the most expensive cryptocurrency is trading at $96,490 (roughly Rs. 81.7 lakh), data by CoinMarketCap showed. Meanwhile, on Indian exchanges, the asset price grew by 2.33 percent bringing it to trade at $94,875 (roughly Rs. 80.3 lakh) on Wednesday, May 7. "While a rate cut remains unlikely, any move toward quantitative easing could inject fresh liquidity into the market, further supporting risk assets like crypto. If BTC breaks the resistance at $97,900 (roughly Rs. 83 lakh), a decisive move above the $100,000 (roughly Rs. 84.7 lakh) mark is possible, with support standing at $93,700 (roughly Rs. 79.3 lakh)," Alankar Saxena, Co-founder and CTO of Mudrex told Gadgets 360. Ether followed Bitcoin to reflect small gains on Wednesday. ETH rose by 1.55 percent to trade at $1,830 (roughly Rs. 1.55 lakh) on international exchanges. On Indian exchanges, ETH is retailing at $1,820 (roughly Rs. 1.54 lakh) having clocked a gain of under two percent. "Ethereum is also holding above $1,800 (roughly Rs. 1.52 lakh), reflecting renewed strength in altcoins. Meanwhile, geopolitical tensions between India and Pakistan, including 'Operation Sindoor', have introduced short-term volatility, which may impact prices. Long-term effects will depend on the resolution of the conflict," said Himanshu Maradiya, Founder and Chairman, CIFDAQ Group. The crypto price tracker by Gadgets 360 showed altcoins trading sideways amid the ongoing volatility. Ripple , Chainlink , Avalanche , Stellar , Leo , and Shiba Inu recorded gains on Wednesday. Monero , Cronos , Cosmos , Iota , Binance USD , and Cartesi also logged small profits. The overall crypto market cap rose by 1.50 percent in the last 24 hours to claim the valuation of $2.98 trillion (roughly Rs. 2,51,85,067 crore), according to CoinMarketCap . "The US is expected to sign deals with various nations, including India, China, the UK, and a few more, which is expected to ease the traditional as well as the crypto markets. The UK has ruled out forming a national Bitcoin reserve as it feels it is not appropriate for their market. Besides, Binance founder CZ predicts the BTC price could top between $500,000 (roughly Rs. 4.22 crore) and $1 million (roughly Rs. 8.45 crore) this cycle," the CoinDCX research team told Gadgets 360. Binance Coin , Solana , Dogecoin , Cardano , Tron , Polkadot , and Uniswap settled in losses on Wednesday. Near Protocol , Polygon , EOS Coin , and Dash also tumbled in their respective prices. "Overall market sentiment remains neutral, and the altcoin season index suggests that investor interest in altcoins remains subdued," Piyush Walke, Derivatives Research Analyst, Delta Exchange told Gadgets 360. Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

You may also like

AI within artillery range

“The cloud” is a metaphor, but the data center isn’t.

March 4th Market Key Intelligence, How Much Did You Miss?

1. On-chain Flows: $39.6M USD inflow to Hyperliquid today; $29.7M USD outflow from Base 2. Largest Price Swings: $EDGE, $POWER 3. Top News: Altman defends Pentagon deal at all-hands, calls backlash "really painful"; OpenAI also seeking NATO contracts

Taking Stock of Crypto's Washington Power Players: Who is Advocating for US Crypto Regulation?

These institutions have jointly defined the industry's underlying values, marking the U.S. crypto industry's shift to a "professionalized, ecological, and refined" era of policy gamesmanship.

DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


Uncovering YZi Labs 229 Investment: Over 18% of the portfolio is already inactive, with an average project transparency score of 78

In terms of strategic direction, YZi Labs has begun to extend into areas such as AI and stablecoins, but overall it is still in the layout and validation stage.

The business of crypto VC is becoming promising

Homogenized industries are ultimately fragile; only when different species can emerge does the market truly come alive.

Popular coins

Latest Crypto News

Read more