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Crypto Markets Today, May 1: Bitcoin Holds Above $78,000 as Tech Stocks Set New Highs

Crypto Markets Today, May 1: Bitcoin Holds Above $78,000 as Tech Stocks Set New Highs

At 6:00 PM Eastern time, Bitcoin (BTC +2.47%) rose 2.5% to $78,292.38, taking it to a 12% monthly gain. Ethereum (ETH +1.65%) gained 1.6% to $2,296.05 and Solana (SOL +1.01%) inched 1.0% higher to $83.72.

Crypto market movers

Spot Bitcoin ETFs reversed course today, recording $4.5 million in net inflows after three consecutive days of losses. The change reflects Bitcoin’s strength as the lead crypto held above $78,000 for the first time since February.

Key crypto stocks also gained, with Circle Internet Group finishing the day up 9.71% at $99.70. The company is due to report Q1 earnings on May 11.

What this means for investors

With major stock indexes trading close to all-time highs, the cryptocurrency market also pushed higher. The…

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