Cryptocurrency has always been a volatile property. However, at a time when the entire global economic trajectory seems to be volatile, these digital assets like Bitcoin are increasingly attracting investors to the preferred hedge. Bitcoin's price seems relatively stable on Monday, trading about $ 94,000.
This week seems to be especially eventful for both Bitcoin and the wider crypto market. Several milestone events, main regulatory reviews, major movements in global financial markets, key events in the crypto industry and several other macroeconomic factors are ready to influence the market for the next few days, from Monday, May 5th.
Here is a quick glimpse of some of the main factors that are likely to affect cryptocurrency and bitcoin prices this week:
Crypto Market is waiting for a Bitcoin reserve report
Monday (May 5) marks the official deadline of the US Treasury to submit the basic report on the feasibility of the federal Bitcoin reserves. The report is likely to describe the nuances of the strategic bitcoin reserve and the digital assets of the United States. This development follows President Trump's The enforcement order was signed on March 6By directing all federal agencies to announce their participation of Bitcoin and other digital assets.
If you expect what the report really says, waiting may not end today, as the report conclusions are not authorized to publicly disclose. However, experts argue that the impact of the report may be significantly affected by the cryptocurrency. As the US government is trying to stock up more bitcoin, other national governments may also follow the example, resulting in a sharp rise in demand and prices.
Fed is likely to be cautious as US economic contracts
The US economy decreased by 0.3%in the quarter of 2025, the first such contraction over three years. Although many factors have been referred to, such as seasonal swings and inflation, most experts point to President Trump's insecure trade and tariff policies. But Trump accused his predecessor in an interview with the recent NBC economy.
At the end of this week, May 6 – 7, the Federal Open Market Committee (FOMC) is made up. Despite the global wind, Wall Street expects Fed to keep interest rates evenly. Despite the pressure of President Trump, Fed is still cautious because economic uncertainty stems from tariffs and immigration policies.
Although the possibilities are thin, the potential cutting of interest rates can be done well into the crypto markets, as the resulting financial mitigation would infuse fresh tools.
Oil prices are reduced, stock markets revive
Brent crude oil prices have fallen below $ 60 per barrel after OPEC+ recently announced an increase in petroleum production, causing concern about the oversupply on the market. At the same time, international shares have ahead of US shares in 2025; However, Morgan Stanley analysts require reversal, referring to cyclic dynamics. But over the last few weeks, the market has shown signs of revival. A decrease in oil prices can help BTC prices and the stock market revitalization can brighten investors' feelings.
Bitcoin tests the level of key resistance
Bitcoin is currently trading about $ 94-95,000, facing strong resistance at this level. Technical figures suggest that permanent moving over $ 95,000 can open the road for $ 110,000, while the failure of the breakthrough can lead to a setback to support the level of about $ 80,000.
Institutional interest in Bitcoin continues to grow, with Bitcoin ETFs exceeding the total value of all assets of $ 90 billion in just over a year. This trend emphasizes the growing legitimacy of Bitcoin as an asset class and its increasing introduction by mainstream investors.
This week, the key phase marks how macroeconomic aspects affect the dynamics of cryptocurrency. Several developments in trade policy, central bank decisions and cryptocurrency rules continue to shape the trajectory of digital assets worldwide.
Deekshith pinto
Deekshith is an experienced news editor with more than a decade of experience in the news and media industry. He started his career as a Toyota engineer, but soon changed the storytelling tools. After his Master's degree at Nalanda University, he joined the Times as a personnel writer. Over the next few years, he worked as a news editor for several international platforms, mainly the weather channel and Business Insider in Indian offices. He scaled these large platforms as well as the dynamic teams of young writers and content creators. His editorial instincts are led by passion for storytelling, fascinated by data, and just the right amount of chaos to keep it interesting.
Obligations: The content presented may include the author's personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrency. The author or publication is not responsible for your personal financial loss.
✓ Share: