Towards May 2025, the cryptocurrency market again showed interesting dynamics with Bitcoin (BTC) as the main asset that stole attention. Bitcoin price managed to rise to the highest monthly level above US$95,700 at the end of April, after previously falling to the range of US$74,000 mid-month. This condition gives rise to optimism that Bitcoin can break through the psychological level of US$100,000 in May, supported by the resilience of this asset against global macroeconomic pressure.
Besides Bitcoin, the altcoin and meme coin markets also showed a positive trend. Meme tokens such as TURBO recorded a significant increase of more than 190% in the last two weeks, attracting the interest of investors who were affected by the market correction earlier this year. On the other hand, some potential altcoins such as Render (RENDER) also recorded a price increase of around 15% in the last month.
However, 2025 is also a tough year for many crypto projects. CoinGecko's report revealed that almost 2 million crypto tokens failed and collapsed only in the first quarter of this year, showing the high risk in the digital asset market.
Investors need to pay close attention to a number of important agendas that are expected to affect the movement of crypto prices in May. Some of them are the release of the second quarter earnings report from the technology giants Amazon and Apple on May 1, the upgrade of the Ethereum network named Pectra on May 7, and the Fed's interest rate decision which is also scheduled for the same date. In addition, the Solana innovation event titled 'Ship or Die' on May 22 is also expected as a trigger for positive market sentiment.
Although the market is still colored by uncertainty due to trade tariff policies and political pressure in the US, investor sentiment is starting to improve with Bitcoin stabilizing in the range of US$90,000 to US$93,000 at the end of April. Analysts advise investors to stay alert and do in-depth research before making investment decisions in the midst of high market volatility