The European Central Bank followed the Fed’s lead the next day, but hinted at a rate hike in June.
It has been a highly anticipated week of many economic events in the United States and abroad, including the third Federal Open Market Committee meeting of the year, personal consumption expenditures inflation data for March, and earnings reports from several S&P 500 companies.
The previous weekend had been eventful on the war front, as planned peace talks between the US and Iran in Pakistan failed, and even the US President Canceled Delegation trip. Trump held a private conference for senior TRUMP token holders and later attended a White House event there Alleged assassination attemptbut everyone left unharmed.
Bitcoin has remained relatively calm despite all these developments and was trading at around $77,000 to $78,000. However, on Monday morning, the price rose to $79,500 before being violently and immediately rejected. Initially, Bitcoin fell to $77,500 before falling again hours later to $76,500.
The bears continued to press on, and Bitcoin fell below $76,000 the next day. It rose about $78,000 on Wednesday, hours before the Federal Open Market Committee meeting. Once the Fed certain As everyone expected that there would be no price changes, Bitcoin fell again, this time to below $75,000.
They rebounded to about $76,000 by Thursday, even after the European Central Bank followed the Fed’s lead. Rates kept unchanged. Moreover, he hinted that there might be a rally in June.
However, Bitcoin actually He finished April with a double-digit increase For the first time in almost a year. It ran moderately on May 1, reaching $78,000 at some points Reports The United States and Iran may begin negotiations soon. Its market capitalization has risen to $1.560 trillion, and its dominance remains high above 58%.
BCP, PENGU, and DOGE are the three double-digit gainers of the largest weekly stocks, followed by HASH, MORPHO, JST, TAO, and PI.
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Market data
Market capitalization: $2.680 trillion | Volume 24 hours: $74 billion | Bitcoin dominance: 58.3%
Bitcoin: $78,100 (-0.8%) | Ethereum: $2,300 (-1.32%) | Ripple: $1.39 (-3.6%)
Cryptocurrency headlines of the week that you can’t miss
The strategy facilitates Bitcoin accumulation by purchasing 3,273 Bitcoin. After two multi-billion dollar Bitcoin purchases by the world’s largest asset holder, the company has slowed the pace of its accumulation by… buying A more modest amount of 3,273 BTC for $255 million.
The analyst says Gensler’s exit hurts the cryptocurrency fund, and warns that Powell might do so, too. Famous cryptoanalyst He believes Gensler’s departure from the SEC is already hurting investor confidence in the market, and Powell’s potential exit could do the same.
Ripple (XRP) announces an important announcement to its customers in the Middle East and Africa. The company behind XRP and RLUSD continues to make some major moves in different areas, with the latest Being a creation The new headquarters in the Dubai International Financial Center (DIFC).
Report: Trump-linked WLFI partnered with project linked to alleged fraud syndicate. Basically, every cryptocurrency project associated with the First Family has attracted a significant amount of scrutiny due to some questionable decisions. Recently, the Wall Street Journal reported He claimed WLFI has partnered with a blockchain network called AB less than a month after the US government imposed sanctions on more than 140 people and entities associated with it.
Bitcoin Spot Trading Volumes Crash to Bear Market Lows – Indifference Now, Chance Next? Darkforst from CryptoQuant shown A negative trend in overall market participation for Bitcoin as participation has declined to bear market levels. However, the analyst believes this may be a blessing in disguise.
Peter Schiff claims vindication with Bitcoin falling 30% since 2025. It seems that the perennial Bitcoin bear finally made the right decision on BTC after he advised investors to sell during the 2025 Bitcoin Conference. Now, a year later, the asset is trading 30% lower, and he didn’t miss the opportunity to do so. Ask for justification.
Charts
This week we have chart analysis for Ethereum, Ripple, Cardano, Binance Coin and Hyperliquid. Click here for full price analysis.
