BTC dropped from 109,000 dollars on January 21 to a support level of 75,000 dollars by the end of March. Then, after the final price check above 75,000 dollars on April 9, buyers returned strongly and closed April above 95,000 dollars.

Fear of Trump, will the big BTC rally repeat?

A prominent analyst from Crypto X has noticed a familiar pattern in the Bitcoin price recovery in April following the sell-off due to the shock from the coronavirus.

The global financial markets are back to betting after cashing out during Trump's second term and the tariff panic. Key players in the Bitcoin economy may see similarities between the current moment and the last time Trump began pushing Fed Chair Jerome Powell to cut interest rates.

The last time this happened, the market price of Bitcoin surged 12 times within 24 months.

The cryptocurrency market is feeling bullish again

That is an average annual ROI of 550% from 2019 to 2021. In comparison, the S&P 500 Index has provided an average annual ROI of 10% since 1957.

It is no surprise that institutions are optimistic about original blockchain cryptocurrency.

Even Bitcoin's doomsday prophet, Peter Schiff of EuroPac, has completely changed in a tweet on X, calling on his followers to donate BTC to him, which he promised never to sell.

For anyone following Schiff's anti-cryptocurrency texts, this is a strange world.

Here are four reasons why this small coin seems very attractive to cryptocurrency speculators in May.

1. Wall Street's Bitcoin ETFs continue to rise in April

The involvement of Wall Street buyers through Bitcoin ETFs has pushed BTC prices up for almost all of 2024. Institutional investors have also provided substantial capital flows to MicroStrategy (now Strategy) and Bitcoin miners in 2023, signaling pent-up demand.

Now, as stock traders are a powerful force impacting the cryptocurrency economy, the inflows and outflows of Bitcoin ETFs will respond to and influence the price of this asset. The Manhattan market shifted to a strong bullish trend for BTC in April.

Bitcoin ETFs saw continuous inflows daily from April 17 to April 29, with occasions reaching nearly one billion dollars for daily transactions.

As of April 28, Bitcoin ETFs have seen total weekly inflows of 3.06 billion dollars, the second-highest ever recorded.

Meanwhile, Bitwise's chief investment officer, Matt Hougan, wrote in a note to investors that he expects ETF inflows to continue to grow sustainably.

Hougan said: "I still expect Bitcoin ETFs to set new records for inflows this year," "although it has only garnered 'only' 3.7 billion dollars so far in 2025, compared to 35 billion dollars in 2024."

2. Semler Scientific buys 15.7 million dollars of BTC

In addition to high demand for Bitcoin exchange-traded funds from investors, corporations continue to ramp up the global race to stockpile Bitcoin. This limits the available supply on exchanges and pushes prices even higher.

Strategy, based in Virginia, has begun this incredible demand for BTC to strengthen its balance sheet. It acts as an inflation hedge, macro protection, and a way to increase investment returns when assets have a good year.

On April 30, California-based healthcare technology company Semler Scientific announced the purchase of 165 BTC for around 15.7 million dollars. Semler reported:

As of April 29, 2025, Semler Scientific holds 3,467 bitcoins, purchased for a total value of 306.1 million dollars at an average purchase price of 88,263 dollars per bitcoin, including fees and costs, and has a market value of 330.6 million dollars...

When Semler began buying BTC last May, the company's stock price surged 38%.

Meanwhile, Strategy made another billion-dollar Bitcoin purchase announced on April 28. That brings the total BTC held by the company to 553,555 BTC at an average price of 68.5 thousand dollars per BTC.

3. Arizona moves to stockpile Bitcoin

Not only U.S. corporations are rushing into Bitcoin. Following the White House initiative to establish a national reserve fund, several states are moving to add this asset to their books.

In April, Arizona joined them with a legislative move to establish a state Bitcoin reserve fund. This puts the matter in the hands of a governor who could sign it into law with just one stroke of the pen any day.

"Cryptocurrency and bitcoin have a large following nationwide and in Arizona," said Arizona State Senator Wendy Rogers, a co-sponsor of the bill. "They are extremely popular among young people and independents."

This is the first time a state legislature has approved the establishment of a BTC reserve fund. While some states are seriously considering it, Copper State may kick off a race at other state buildings.

4. The whale Bitcoin buying frenzy

The cryptocurrency market is nothing without major traders like whales. The large moves of these giant investors tend to forecast future price movements due to the significant money and resources available for smart bets.

Thus, the waves of investment from whales into the Web3 liquidity pool may cause future fluctuations in market prices and become a self-fulfilling prophecy.

This is good news for BTC sellers and long-term holders. Bitcoin whales accumulated a lot in April. In the last two weeks of the month, they bought 4 billion dollars.

Strong support from both institutional buyers on Wall Street and individual investors on the internet is very beneficial for the outlook of cryptocurrency.