- Over the past 24 hours, Bitcoin has reached an intraday of $ 97,811 and a low $ 95,964, with a 24 -hour trading volume of $ 24.27 billion.
- Bitcoin enters Elliott Wave V with Q1 2026 targets as high as $ 133k – $ 152k, supported by ETF flows, and institutional purchases.
The cryptocurrency market has seen a moderate sink in the last 24 hours, with the global crypto market covering 0.59% to settle to $ 2.99 trillion. Despite the general red tide, select altcoins that cover the trend.
Bitcoin (BTC), the market bellwether, sailed around $ 96,860 on May 3, down about 1.09% from a high -day $ 97,811 as per CoinMarketCap data. This minor retracement complied with an earlier climb -Fuel through the ongoing institutional flow and strong demand of ETF.
Tron (TRX) appeared as a standout performer in the top 20
Among the top 20 cryptocurrencies by Market Cap, the Tron (TRX) emerged as the standout performer with 1.43% gain, supported by stable on-chain and growing interest of the developer.
In the loser, Filecoin (Fil) led the backdrop, which drops 3.9% to 24 hours. Other well-known laggards include Litecoin (LTC) (-1.46%), chainlink (link) (-2.03%), Ethereum Classic (etc) (-1.39%), and Solana (Sol) (-1.77%).
The ETHEREUM (ETH), the second largest cryptocurrency, exchanged for $ 1,829, gaining 0.3% amid relatively quiet activity in the Defi and L2 sectors.
Spot Bitcoin ETF witnessed net inflows more than 1 billion in 2 days
Bitcoin’s minor sinking covers a broader bullish momentum. The top cryptocurrency recorded a sun -day -to -day trading volume of $ 24.27 billion (down 21.91%). However, the BTC is still attracting strong attention to the institution. During the first 2 days of this month, Spot Bitcoin ETF witnessed net inflows more than 1 billion According to Coinglass Data. The highlight of the prolonged demand from institutional investors.
The trend of this accumulation is apparent on the on-chain metrics, with the number of wallet addresses holding more than 1 BTC reaching new high-time highs.
Treasury entities such as microstrategy and metaplanet continue to add to their holdings, further strictly available supply.
John Glover Bitcoin Analysis Price: Elliott Wave V In Play, $ 152k Target Visually
John Glover, Chief Investment Officer at LEDN and a Barclays veteran with over 25 years in FX and institutional risk management, shared his technical perspective on bitcoin prices using Elliott Wave Theory.
“It looks like we’ve finally confirmed the completion of the Wave IV and is now in the wave (I) of the Wave V,” Glover said. See the chart below showing the entire Elliott wave cycle.
“As usual, the Wave V develops 5 sub-wave, as described by the yellow-line line. The ultimate target remains $ 133k up to $ 136k, with an expected date of completion of Q1 2026. This expected v V is conservative and has the potential to exceed up to ~ $ 152K, but we will have a more complete picture towards the end of this year.
Glover also warned the potential volatility inside the Wave V: “Remember that the wave (I) can be completely backward by wave (II), so a retest of $ 74.5K low in IV waves is not on the question. But my expectations will continue for a rally at $ 133k- $ 136K at the end of this year or early next year.
This review, supported by improving macroeconomic sentiment and historical behavior, offers an optimistic roadmap for long-term Bitcoin growth.
Wall Street and European Stock rally on Friday
The US Equity market has posted the acquisitions on May 2, adding tails to the crypto sector. The S&P 500 closed 1.47%, driven by a better than expected report of unreliable payroll for April 2025. By this advance, S&P 500 recovered losses since April 2, urged by President Donald Trump to announce “rewards” tariffs.
The Nasdaq Composite also advanced to 1.51%, and closed to 17,977.73. Tech-Heavy Nasdaq has gained the past two days driven by the Q1’s solid income from two big tech players.
Meta platforms posted a stronger income in the first quarter, with META CEO Mark Zuckerberg telling a revenue on Wednesday that the business was “performing well” and “well positioned to navigate the macroeconomic uncertainty.”
Microsoft also reported the better-than-expect quarterly results, driven by the Azure Cloud business.
Microsoft’s sharing increased by 7.6%, while the meta shares advanced 4.2%. Information technology far from the other 10 sectors in the S&P 500.
Meanwhile, the average industrial Dow Jones rose 1.39%, driven by strong economic data, and possible US-China trade conversations.
Outlook: Institutional tailwinds and retail momentum
Through the Wave V, the current Bitcoin cycle appears to be entering the most -euphoric phase, which is historically marked by price growth. If Glover’s projections play, Bitcoin can rally by 35% -55% from current levels by early 2026, which potentially reach the $ 133k- $ 152k range.
Supporting this bullish view increases ETF flows, elevated institutional and appointment of aging, avoiding macroeconomic headwinds, and strengthening on-chain basis.
While short-term volatility remains the possibility-especially if the wave (II) motivates a correction-the long-term signals suggest that the bull’s pace may have yet.
As the eyes of Bitcoin six figures territorial and the broader crypto market gain traction, the coming quarters can redefine capital markets and digital property allocation techniques.
Also Read: Bitcoin close $ 100k as institutions and Macro Tailwinds Fuel Crypto Rally
Denial: The information provided to Alexablockchain is for information purposes only and does not generate financial advice. Read the complete decline here.
Image credits: Canva