It was a busy week for global markets, marked by several high-profile economic events: the third FOMC meeting of the year, March PCE inflation data, and corporate earnings from multiple S&P 500 companies. These events, along with geopolitical developments, helped shape cryptocurrency market moves over the period.
Over the previous weekend, diplomatic efforts stalled when planned talks between the US and Iran in Pakistan were called off and the US delegation’s trip was canceled. Around the same time, former President Trump held a conference for top holders of the TRUMP token and later attended a White House event that reportedly involved an attempted attack; fortunately, no one was seriously harmed.
Despite these headlines, Bitcoin traded rather quietly in the $77,000–$78,000 range for much of the period. On Monday morning it spiked to roughly $79,500 but was quickly rejected, dipping first to about $77,500 and then plunging further to near $76,500 later that day.
Bears maintained downward pressure and Bitcoin slid below $76,000 the following day. It then rallied toward $78,000 on Wednesday just hours before the Federal Reserve concluded its meeting. When the Fed confirmed expectations and left interest rates unchanged, Bitcoin fell again, slipping below $75,000.
The market recovered somewhat by Thursday, with BTC rebounding to around $76,000 after the European Central Bank also kept rates on hold and suggested a possible hike in June. Despite the midweek volatility, Bitcoin finished April with a notable double-digit monthly gain—the first such increase in nearly a year.
On May 1, renewed reports that the US and Iran might resume negotiations prompted another mild Bitcoin rally, pushing prices to roughly $78,000 on some platforms. During this stretch, Bitcoin’s market capitalization rose to about $1.56 trillion and its dominance stayed elevated above 58%.
Among larger-cap weekly gainers, BCP, PENGU, and DOGE posted double-digit price advances. Other notable weekly movers included 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 several large purchases by the world’s largest corporate Bitcoin holder, the company slowed its pace of accumulation by acquiring a more moderate 3,273 BTC for roughly $255 million.
Analyst Says Gensler Exit Hurt Crypto Trust, Warns Powell Could Too. A well-known crypto analyst argued that SEC Chair Gary Gensler’s departure undermined investor confidence, warning that a potential exit by Fed Chair Jerome Powell could have similar market consequences.
Ripple (XRP) Drops Major Announcement for Middle East and Africa Clients. Ripple continues to expand regionally: the company announced a new headquarters in Dubai’s International Financial Centre (DIFC) to better serve clients across the Middle East and Africa.
Report: Trump-Linked WLFI Partnered With Project Linked to Alleged Fraud Syndicate. Projects tied to high-profile figures have drawn scrutiny. A recent report alleged that WLFI partnered with a blockchain network shortly after US sanctions targeted numerous individuals and entities connected to that network.
Bitcoin Spot Volumes Crash to Bear-Market Lows – Apathy Now, Opportunity Next? CryptoQuant’s Darkforst highlighted a decline in spot trading volumes for Bitcoin, which now sit near bear-market levels. The analyst suggested that while participation is low today, the trend could present buying opportunities for the future.
Peter Schiff Claims Vindication as Bitcoin Falls 30% Since 2025 Sell Call. Longtime Bitcoin critic Peter Schiff pointed to recent price moves as validation for his 2025 recommendation to sell, noting Bitcoin trades roughly 30% lower since that call.
Charts
This week’s technical coverage includes chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid. Refer to the full price analysis for detailed levels and indicators.