Bitcoin approached the level of $ 105 thousand.
For the first time since January, the Bitcoin exchange rate approached the level of $ 105 thousand. Against the backdrop of the soft rhetoric of the US Federal Reserve, as well as the US trading agreement with Great Britain, the course of the most popular digital currency increased by more than 9%over a week. During the same time, the capitalization of the remaining largest cryptocurrencies increased by 8–36%. Ethereum was in growth leaders, the course on the course of which the program had occurred in a program of software update. Experts expect a continuation of the game to increase the background of hopes to weaken tension between the United States and their trading partners.
According to Coinmarketcap.com, per week, leading cryptocurrencies added 8–36%in price. At the weekend, the Bitcoin exchange rate for the first time in more than three months approached the level of $ 105 thousand, reaching, according to Coinmarketcap.com, $ 104.92 thousand marks, maximum since January 31. By 17:00, the rate rolled to the mark of $ 104 thousand, which is more than 9% higher than the values of the previous week. Two -thirds of the total height was on Thursday.
A number of other cryptocurrencies were ahead of the main digital currency in dynamics. So, in a week, ether has increased in price by more than 36%. Although his exchange rate exceeded $ 2.5 thousand, he only returned to the levels of the beginning of March and did not reach the historical record set in early November 2021, almost 49%. The quotes of other popular currencies – Ripple, Binance Coin, Solana, Dogecoin, Cordano – increased by 8-18% and returned to the levels of the end of February.
Another wave of growth of leading cryptocurrency is associated with the results of the meeting of the US Federal Reserve, which on May 7 retained a key rate at the level of 4.25–4.5% per annum. This range has been held since December 2024. Market participants, as the Bitriver financial analyst Vladislav Antonov notes, was especially attracted by the comments of its chairman Jerome Powell on the potential influence of the Trump administration on inflationary processes. As a result, investors began to predict a possible reduction in interest rates in the second quarter of 2025. “Cheaper money traditionally increases the demand for risky assets. As a result, in the early days of May, a clean tributary of $ 3 billion in spot BTC-ETF occurred, ”said CEO and founder Alpha7291 Roman Kaufman.
An additional impulse gave an improved geopolitical background. Last Thursday, US President Donald Trump announced the conclusion of a trade transaction with the UK. “The general tone of the“ tariff wars ”was noticeably softened, and on May 11, Trump said that the United States and China agreed on a complete reloading of relations as a result of a meeting in Switzerland, discussing many issues and having reached agreements for most of them,” said Oleg Kalmanovich chief analyst. As a result in the world, the appetite of investors for risk, as well as the demand for digital currencies has increased.
There were internal causes for the leading growth of the ether. First of all, it is a major update called Pectra, which occurred on May 7. “The market positively assessed its potential both in terms of scalability and convenience for users. Among the key improvements are the emergence of smart accounts, an increase in stakeing limit, increased scalability due to an increase in the amount of Blob-data, as well as the possibility of flexible payment of commissions, ”said Bitget Research, Ryan Lee. As a result, a broadcast in a week was able to strengthen its role in the market by 1.7 percentage points (p.), Up to 9.1%(over $ 300 billion). This happened, including by reducing the role of Bitcoin by 1.5 p., To 62.3%($ 2 trillion). The total capitalization of the digital currency market exceeded $ 3.32 trillion, which is $ 350 billion above the week ago.
Bitcoin consolidation above $ 100 thousand opened the road to continue the growth and update of the historical maximum. The next goals, according to Vladislav Antonov, are on the marks of $ 114–119 thousand, and the key support has moved by $ 98,500. In the coming week, investors will pay special attention to inflation in the United States, which will be published on May 13, as well as the rhetoric of Donald Trump. “If the negotiation process continues and new trading agreements will be reached, then the renewal of the historical maximum on Bitcoin will become the issue of the nearest time,” said Oleg Kalmanovich. The dynamics of the ether course will largely depend on the work of the Ethereum network after updating. “The fall of the average commission and the surge in network activity can push the price of $ 2.5-3 thousand. Correction is possible in case of malfunctions on the network,” said Roman Kaufman.
