The month began on a strong note for crypto, with the total market cap climbing back over $3 trillion. Trading volume, which had seen a sharp drop earlier, is now picking up again—indicating a return of bullish momentum. Bitcoin has pushed past $97,000 and is showing solid signs of recovery. As a result, investor sentiment is shifting positively, raising the possibility of a renewed upward trend in the near future.

Currently, Bitcoin is only about 14% below its all-time high of over $109,000. This shift in market mood has sparked increased optimism. Bitcoin’s daily trading volume, which had fallen under $20 billion, has now jumped above $30 billion. This could mean more price swings ahead. Bitcoin continues to dominate trading activity, and its market share is climbing. With BTC dominance at its highest point in four years, a strong bull rally may be just around the corner.

Looking at the BTC dominance chart, it's heading toward levels seen in past bull markets—above 70%. Those levels were last reached during the 2018 and 2021 rallies, which suggests we could be in the middle of the 2025 bull run. If this trend holds, Bitcoin might stay on a steady upward path throughout May 2025 and could break past the $100,000 mark again.