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*Cryptocurrency Update Today – May 2, 2026*
Cryptocurrency markets today are tending to be optimistic. Bitcoin is still sticking around the $78,000-$78,470 area after ETF inflows broke through $1.9 billion this week. Total crypto market capitalization has risen to $2.6 trillion, with BTC dominance still above 60%. Strong support is at $74,900, and the short-term bullish target is $79,500+ if it breaks through.
XRP is in the spotlight for forming an inverse head-and-shoulders pattern. The price is stuck at $1.38-$1.40. If it manages to hold above $1.40, analysts are looking at $1.45-$1.60. But if it breaks below $1.35, the risk is down to $1.25-$1.30. Whale Ripple has just locked 700 million XRP into escrow, making the supply even tighter.
Altcoins remain selective. Kaspa (KAS) at $0.0343 is up 2.4% in the past 24 hours, following the flow of BTC. Injective (INJ) is again testing an important resistance that has failed twice to be broken. Cronos (CRO) is up slightly 0.45% daily to $0.01752, but sentiment is neutral because the weekly is still -1.59%.
ETF signals and easing US inflation data are helping support risk-on flows into major altcoins. But stay alert for volatility. DYOR.