Bitcoin Halted at $80K as US Fed and ECB Hold Interest Rates Steady: Your Weekly Crypto Recap

It was a extremely anticipated week for a number of financial occasions within the US and overseas, together with the third FOMC assembly of the yr, March PCE inflation information, and earnings reviews from a number of S&P 500 corporations.

The earlier weekend was eventful on the struggle entrance as the scheduled peace talks between the US and Iran in Pakistan failed, and the POTUS even canceled the delegation’s journey. Trump held a particular convention for the highest holders of the TRUMP token and later attended a White House occasion by which there was an alleged attempt on his life, however everybody left unscathed.

Bitcoin remained comparatively quiet regardless of all these developments and traded at round $77,000-$78,000. On Monday morning, although, it exploded to $79,500 earlier than it was violently and immediately rejected. At first, BTC dropped to $77,500 earlier than it nosedived once more hours later to $76,500.

The bears stored the strain on, and bitcoin slipped beneath $76,000 a day later. It surged towards $78,000 on Wednesday, hours earlier than the FOMC assembly. Once the Fed confirmed what everybody anticipated, that there can be no modifications to the charges, BTC dropped once more, this time to below $75,000.

It rebounded to round $76,000 by Thursday, even after the ECB adopted the Fed’s instance and kept the rates unchanged. Moreover, it even hinted that there may be a hike in June.

Nevertheless, bitcoin truly ended April with a double-digit increase for the primary time in nearly a yr. It went on a gentle run on May 1, touching $78,000 on some reports that the US and Iran would possibly start negotiations quickly. Its market cap climbed to $1.560 trillion, and its dominance stays tall above 58%.

BCP, PENGU, and DOGE are the three double-digit worth gainers from the larger-cap weekly, adopted by HASH, MORPHO, JST, TAO, and PI.

Market Data

Market Cap: $2.680T | 24H Vol: $74B | BTC Dominance: 58.3%

BTC: $78,100 (-0.8%) | ETH: $2,300 (-1.32%) | XRP: $1.39 (-3.6%)

This Week’s Crypto Headlines You Can’t Miss

Strategy Eases Bitcoin Accumulation With 3,273 BTC Buy. After a few multi-billion-dollar bitcoin purchases by the world’s largest company holder of the asset, the corporate eased its accumulation tempo by buying a extra modest 3,273 BTC for $255 million.

Analyst Says Gensler Exit Hurt Crypto Trust, Warns Powell Could Too. A preferred crypto analyst believes that Gensler’s departure from the SEC truly harm traders’ confidence out there, and Powell’s potential exit might do the identical.

Ripple (XRP) Drops Major Announcement for Middle East and Africa Clients. The firm behind XRP and RLUSD continues to make some main strikes in numerous areas, with the newest being the establishment of a brand new HQ in Dubai’s International Financial Center (DIFC).

Report: Trump-Linked WLFI Partnered With Project Linked to Alleged Fraud Syndicate. Essentially each cryptocurrency undertaking linked to the First Family has attracted a major quantity of scrutiny attributable to some questionable choices. Most not too long ago, a WSJ report claimed that WLFI had partnered with a blockchain community referred to as AB lower than a month after the US authorities sanctioned over 140 folks and entities tied to it.

Bitcoin Spot Volumes Crash to Bear-Market Lows – Apathy Now, Opportunity Next? CryptoQuant’s Darkforst outlined a unfavorable development within the total market participation for bitcoin as the engagement has dropped to bear-market ranges. However, the analyst believes this could possibly be a blessing in disguise.

Peter Schiff Claims Vindication as Bitcoin Falls 30% Since 2025 Sell Call. It seems the everlasting bitcoin bear has lastly made the precise name on BTC after advising traders to promote in the course of the 2025 Bitcoin convention. Now, a yr later, the asset trades 30% decrease, and he didn’t miss the chance to seek vindication.

Charts

This week, we’ve got a chart evaluation of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.

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