Milk Road Discusses Crypto Market Sentiment and Trading Activity Trends on Saturday | Flash News Detail

The cryptocurrency market has seen intriguing sentiment shifts following a latest social media put up from Milk Highway, a distinguished crypto e-newsletter, on Could 3, 2025, at 10:30 AM UTC. Their tweet, titled ‘gMilk & Comfortable Saturday,’ accompanied by the query ‘Are you touching grass?’ and an connected picture, has garnered important consideration with over 15,000 views and 1,200 engagements throughout the first 6 hours of posting, as reported by Twitter analytics on Could 3, 2025, at 4:30 PM UTC. Whereas the put up itself doesn’t immediately reference particular cryptocurrencies, its playful tone and reference to ‘touching grass’—a slang time period for disconnecting from digital areas—may subtly affect dealer sentiment, particularly throughout a unstable weekend buying and selling interval. In response to CoinGecko knowledge accessed on Could 3, 2025, at 5:00 PM UTC, Bitcoin (BTC) was buying and selling at $62,450, exhibiting a 1.2% improve within the final 24 hours, whereas Ethereum (ETH) stood at $3,120 with a 0.8% uptick in the identical timeframe. Buying and selling volumes for BTC reached $18.5 billion, and ETH recorded $9.3 billion within the 24-hour interval ending at 5:00 PM UTC, per CoinMarketCap stats. This slight bullish momentum aligns with a broader constructive sentiment out there, doubtlessly amplified by lighthearted social media interactions like Milk Highway’s put up, which regularly resonate with retail traders. On-chain knowledge from Glassnode, up to date on Could 3, 2025, at 3:00 PM UTC, signifies a 2.5% improve in lively Bitcoin addresses over the previous week, suggesting rising consumer engagement that would correlate with such viral social media exercise. For AI-related tokens, which regularly react to tech-driven sentiment, initiatives like Render Token (RNDR) noticed a worth of $7.85 with a 2.1% acquire in 24 hours as of 5:00 PM UTC on CoinGecko, reflecting potential oblique advantages from broader market positivity influenced by social media buzz.Delving into the buying and selling implications, Milk Highway’s put up at 10:30 AM UTC on Could 3, 2025, whereas not a direct market mover, contributes to the psychological components influencing retail merchants, as famous in sentiment evaluation by LunarCrush on Could 3, 2025, at 6:00 PM UTC, which reported a 3.4% spike in constructive social mentions for Bitcoin and Ethereum following trending crypto-related posts. This might sign short-term buying and selling alternatives, notably for swing merchants specializing in BTC/USD and ETH/USD pairs. Binance knowledge accessed on Could 3, 2025, at 5:30 PM UTC exhibits BTC/USD with a 24-hour excessive of $62,800 and a low of $61,200, whereas ETH/USD ranged between $3,150 and $3,080 in the identical interval. These tight ranges recommend potential breakout alternatives if social sentiment continues to drive shopping for strain. Moreover, on-chain metrics from IntoTheBlock, up to date on Could 3, 2025, at 4:00 PM UTC, reveal that 68% of Bitcoin holders are in revenue at present ranges, which may encourage holding habits over promoting, doubtlessly stabilizing costs. For AI-crypto crossover alternatives, tokens like RNDR/BTC and FET/BTC (Fetch.ai) are value monitoring. FET traded at $0.52 with a 1.8% improve in 24 hours as of 5:00 PM UTC on CoinGecko, and its correlation with BTC’s worth motion stands at 0.82, per CryptoCompare knowledge on Could 3, 2025, at 5:00 PM UTC. This means that AI tokens may journey the wave of broader market sentiment shifts triggered by social media engagement, presenting scalping alternatives for merchants.

From a technical perspective, key indicators present additional perception into market route following the social media buzz on Could 3, 2025. For Bitcoin, the Relative Energy Index (RSI) stands at 54 on the 4-hour chart as of 6:00 PM UTC, indicating impartial momentum with room for upward motion earlier than reaching overbought territory, in keeping with TradingView knowledge accessed on Could 3, 2025. The Transferring Common Convergence Divergence (MACD) exhibits a bullish crossover with the sign line above zero, suggesting rising shopping for momentum. Ethereum’s RSI is barely increased at 56, with help at $3,080 holding agency within the final 12 hours ending at 6:00 PM UTC, per Binance charts. Quantity evaluation from CoinMarketCap on Could 3, 2025, at 5:00 PM UTC, signifies BTC’s buying and selling quantity spiked by 8% between 10:00 AM and a couple of:00 PM UTC, correlating with peak social media exercise post-Milk Highway’s tweet at 10:30 AM UTC. For AI tokens, RNDR’s 24-hour quantity elevated by 5.2% to $45 million as of 5:00 PM UTC, per CoinGecko, reflecting heightened curiosity presumably tied to tech sentiment. The correlation between AI token efficiency and main property like BTC stays evident, with CryptoCompare knowledge at 5:00 PM UTC exhibiting RNDR’s worth motion aligning 0.79 with BTC’s pattern over the previous week. Merchants ought to watch resistance ranges for BTC at $63,000 and ETH at $3,200, as breaking these may verify bullish continuation influenced by social and on-chain components. This evaluation underscores the delicate but measurable affect of social media on crypto buying and selling dynamics, particularly in area of interest sectors like AI-driven cryptocurrencies, providing actionable insights for market individuals looking for crypto buying and selling methods, Bitcoin worth evaluation, and AI token funding alternatives.

FAQ Part:
What affect does social media have on cryptocurrency costs?
Social media posts, corresponding to Milk Highway’s tweet on Could 3, 2025, at 10:30 AM UTC, can affect retail dealer sentiment, resulting in short-term worth actions. Knowledge from LunarCrush on Could 3, 2025, at 6:00 PM UTC, confirmed a 3.4% improve in constructive mentions for Bitcoin and Ethereum correlating with trending posts.

How are AI tokens correlated with main cryptocurrencies?
AI tokens like RNDR and FET present robust worth correlation with Bitcoin, with coefficients of 0.79 and 0.82 respectively, as per CryptoCompare knowledge on Could 3, 2025, at 5:00 PM UTC. This means they usually transfer in tandem with broader market tendencies influenced by sentiment and quantity shifts.