Bitcoin's Price Stays Grounded

And, oil price tumbles on oversupply.

Today is Monday, May 5, 2025.

The Early Bird Index today is 71.45

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Bitcoin's Price Stays Grounded

The price of Bitcoin $BTC.X ( ▲ 3.38% ) has been flat since the start of May. It appears the top cryptocurrency is in a holding pattern.

Details: Bitcoin’s price has been stuck lately due to market consolidation and some technical resistance. There’s also a lack of a clear catalyst in the market right now, especially given the macroeconomic uncertainty.

Background: Bitcoin is up about 1% this year, which is pretty good considering that the price started 2025 with a sharp decline. It is up about 13% in the last 30 days.

Early Bird’s Nest Egg Gains: Several clear catalysts could trigger a breakout from Bitcoin’s current range, including sustained institutional inflows via ETFs, major policy or regulatory developments, and macro shifts.

Final Thoughts: This week’s interest rate decision from the Federal Reserve could be one of those catalysts.

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Notables

Notable Earnings Today: Palantir Technologies (Nasdaq: PLTR), Ford Motor (NYSE: F), Hims & Hers Health (NYSE: HIMS), ON Semiconductor (Nasdaq: ON), Mattel (Nasdaq: MAT), Clorox (NYSE: CLX), Realty Income (NYSE: O), Lattice Semiconductor (Nasdaq: LSCC), Upwork (Nasdaq: UPWK), Tyson Foods (NYSE: TSN), Diamondback Energy (Nasdaq: FANG), IAC (Nasdaq: IAC), Vimeo (Nasdaq: VMEO), BioNTech (Nasdaq: BNTX), BioCryst Pharma (Nasdaq: BCRX), Park Hotels & Resorts (NYSE: PK), Denny's (Nasdaq: DENN), BellRing Brands (NYSE: BRBR), Recursion Pharmaceuticals (Nasdaq: RXRX), EverQuote (Nasdaq: EVER), Freshpet (Nasdaq: FRPT), Viper Energy Partners (Nasdaq: VNOM), Corcept Therapeutics (Nasdaq: CORT), Celanese (NYSE: CE), CNA Financial (NYSE: CNA), Air Lease (NYSE: AL), Ameresco (NYSE: AMRC), Ares Management (NYSE: ARES) Axsome Therapeutics (Nasdaq: AXSM), Bright Horizons (NYSE: BFAM), BWX Technologies (NYSE: BWXT), Cummins (NYSE: CMI) Ethan Allen (NYSE: ETD), Fabrinet (NYSE: FN), Henry Schein (Nasdaq: HSIC), ICHOR (Nasdaq: ICHR), Inspire Medical Systems (NYSE: INSP), Integra (Nasdaq: IART), JBT Marel (NYSE: JBTM), Matson (NYSE: MATX), Navitas Semiconductor (Nasdaq: NVTS), Neurocrine Biosciences (Nasdaq: NBIX), Paymentus (NYSE: PAY), Playa Hotels & Resorts (Nasdaq: PLYA), PRA Group (Nasdaq: PRAA), RLJ Lodging (NYSE: RLJ) Syndax Pharmaceuticals (Nasdaq: SNDX), Titan America (NYSE: TTAM), Twist Bioscience (Nasdaq: TWST), V2X (NYSE: VVX), Vertex Pharmaceuticals (Nasdaq: VRTX), Vornado Realty Trust (NYSE: VNO), Zimmer Biomet (NYSE: ZBH).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: Rise Southern Biscuits and Righteous Chicken (Honeycomb).

Notable Economic Events Today: S&P Global Services PMI (9:45 a.m. ET), ISM Non-Manufacturing PMI / Prices / Employment (10:00 a.m. ET).

Oil Price Tumbles on Oversupply 

Keep an eye on oil stocks today. On Sunday, OPEC+ agreed to increase production for a second month. This is causing oil prices to drop.

Final Thoughts: This new oversupply of oil comes as many oil stocks have been down so far in 2025.

Disney’s New Marvel Film Tops Box Office

Marvel’s “Thunderbolts*” just earned $76 million during its first opening weekend, giving the studio behind the film, Disney $DIS ( ▲ 0.07% ) , the top spot at the box office.

Final Thoughts: Disney, down 16.54% this year, reports financial earnings on Wednesday.

Thank You, Oracle of Omaha: How Warren Buffett Changed the Way Investors Think of Investing (New York Times)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.