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🌍 Geopolitics and the market
Bitcoin's rise amid geopolitical events: The price of Bitcoin rose to $97,714, linked to optimism regarding trade negotiations between the USA and China, as well as tensions between India and Pakistan. Other cryptocurrencies, such as Ethereum, XRP, and Solana, are also showing positive dynamics.
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New law in the USA regarding investments in cryptocurrencies: The state of New Hampshire allowed investing up to 5% of reserves in digital assets and precious metals, limiting this to assets with a capitalization over $500 billion, which currently includes only Bitcoin.
🏛️ Politics and regulation
Scandal surrounding Trump’s cryptocurrency investments: Former President Donald Trump and his family have come under scrutiny due to their involvement in cryptocurrency projects, including the launch of a meme coin and a partnership with a cryptocurrency exchange. This has caused political tension and jeopardized the passage of the stablecoin bill (GENIUS Act).
Proposal to ban officials from investing in cryptocurrencies: Democratic senators proposed a bill that prohibits presidents, lawmakers, and their families from investing in or supporting cryptocurrency assets, citing potential conflicts of interest and risks to national security.
FCA's plans to ban lending for investments in cryptocurrencies: The UK's Financial Conduct Authority (FCA) plans to prohibit retail investors from using borrowed funds to invest in cryptocurrencies to protect consumers and ensure market integrity.
⚙️ Technological updates
Ethereum "Pectra" update: On May 7, 2025, Ethereum completed a major update "Pectra," which includes 11 improvements aimed at increasing speed, reducing costs, and enhancing user experience. Although the price of ETH rose by 2.7% to $1,822, it still remains 45.5% lower than the beginning of the year.
📊 Market trends
Forecasts for Bitcoin price: Analysts from Unchained predict that the price of Bitcoin could reach $250,000 by the end of 2025 and $1 million by 2030, considering the current market dynamics.
Risks associated with token unlocks: In the second week of May, significant volumes of tokens from several altcoins, such as ENA, KAS, and MOVE, are expected to be unlocked, which may affect their price due to increased supply.
🌐 Other events
Switzerland's refusal to include Bitcoin in its currency reserves: The Swiss National Bank rejected a proposal to include Bitcoin in its currency reserves, citing its volatility and non-compliance with IMF criteria.
Forecasts for the tokenized real estate market: According to Deloitte, the tokenized real estate market could grow to $4 trillion by 2035, indicating a growing interest in the tokenization of real assets.