Weekly cryptocurrency market review: BTC, ETH, trends, and news (April 29 - May 5, 2025)
1. Major Events of the Week
Bitcoin (BTC) holds in the range of $61,000–$64,000, showing low volatility amid expectations of news from the US Fed.
Ethereum (ETH) stabilized near $3,100, with increasing volumes in the DeFi sector.
The market is generally consolidating after a slight increase in April.
2. Key Trends
Altcoins: Solana and Toncoin showed the highest dynamics among the top 20 coins.
NFT and Web3: Activity is rising against the backdrop of new platform launches (e.g., from Animoca Brands).
Institutional interest: Fidelity and BlackRock have submitted new applications for cryptocurrency ETFs.
3. Technical Analysis
BTC: Key support at $60,500. A breakout above $64,500 may signal a new stage of growth.
ETH: Strong resistance level at $3,250. RSI indicates potential for correction.
4. Fundamental Factors
A decision from the Fed regarding the rate is expected — possible impact on risky assets.
Increased activity on cryptocurrency exchanges in South Korea after regulatory pressure eased.
5. Weekly News
Binance announced a new initiative to launch a Web3 wallet for mobile users.
Ripple has partnered with a leading bank in Singapore for cross-border payments. #Ripple