Bitcoin Breaks $100K, Ethereum’s Pectra Upgrade Boosts ETH, Fed Holds Rates: Weekly Crypto Recap

There is a lot to unpack the last seven days, so let's go directly to it.

Let us put back to our previous market update from last Friday when BTC once more targeted $ 100,000. This happened after the asset had earned more than $ 20,000 from the bottom of the early April. However, the BTC was arrested there and could not continue in a six -digit price territory.

The weekend was slow, while the start of the new week of negotiation caused pain. In fact, BTC was arrested at $ 96,000 and pushed the south at less than $ 94,000 on May 6. The American federal reserve should maintain key interest rates at current levels (4.25% / 4.5%), there was little hope on the horizon.

However, this hope came from reports claiming that the United States and China will meet this weekend in Switzerland to discuss a potential trade agreement. It seems that it was everything it took for Bitcoin to receive the long -awaited boost. In a day following this report, and a few more clues on the issue, the cryptocurrency finally broke $ 100,000 and has skyrocketed more than $ 104,000 earlier in the day.

This has become its highest price since the end of January. Although it was arrested there and pushed south to current $ 103,000, the asset is still well in green on a weekly scale (6.3%). However, he was overshadowed by his greatest competitor – ETH.

After months of disappointing prices, Ethereum's asset exploded by almost 30% on a weekly scale. He climbed almost $ 2,500 earlier during the day, which became a two -month peak. This impressive price revival intervened only a few days after the implementation of the last upgrade of Ethereum, Pectra.

The other two -digit price gain from greater capitalization altcoins include soil, DOGE, SUP, ADA, BCH, HYPE and SHIB.

Market data

CATT-CAPPORT: $ 3.380T | 24 hours flight: $ 230B | BTC dominance: 60.6%

BTC: $ 102,966 (+ 6.3%) | ETH: $ 2,336 (+ 27.65%) | XRP: $ 2.38 (+ 7.7%)

This week's cryptography titles that you cannot miss

Ethereum (ETH) has seen the best day since 2021 in 20% overvoltage. As mentioned above, ETH has stolen the show in recent days, but especially since Thursday. In fact, he posted one of his biggest daily overvoltages in more than four years on a 24 -hour scale, because his price has skyrocketed more than 25% at a given time.

Dry, rectill ink $ 50 million in settlement to end the longtime legal battle. Almost two months after the CEO of Ripple, Brad Garlinghouse, announced that the trial between his business and the SEC in the United States had indeed ended, the agency requested the approval of the court for a settlement of $ 50 million, which will do so. The amount is much smaller than the previously ordered dollars or the $ 2 billion that the agency initially requested.

New Hampshire becomes the first American state to adopt Bitcoin Reserve Bill. The New Hampshire has entered history this week because it has become the first American state to allow its treasury to invest in cryptographic assets like Bitcoin, after Governor Ayotte signed Bill 203. The Arizona followed the plunge, but with a different bill.

Wall Street chooses Bitcoin on gold while Ibit Flips GLD in YTD flows. Although the yellow metal has performed better than the BTC this year, it turns out that BlackRock Bitcoin ETF attracted more YTD flows than the company's gold alternative.

$ 389 million in loose tokens to shake the cryptographic markets this week. The chain data provided by the Tokenomist indicated that the month of May will provide unlocking of massive tokens worth almost $ 400 million (according to the price of May 4). Two of the biggest unlocks will be for ground and WLD.

Saylor's strategy makes another Bitcoin acquisition, bringing the total to 555,450 BTC. It would not be a week of the bullish market if Michael Saylor's strategy does not announce another BTC acquisition. Although the purchase of last Monday is far from being as large as some of the previous ones, it still increased the company's hiding place to 555,450 BTC.

Graphics

This week, we have an analysis of the graphics of Ethereum, Ripple, Cardano, Hype and Solana – click here for the complete price analysis.