What You Need to Know
Welcome to the Crypto Daybook Americas, your daily briefing highlighting recent developments in the crypto markets and what’s expected in the near future.
On May 2, 2025, markets are showing bullish trends with Bitcoin (BTC) approaching the $97,000 mark, as stock prices have risen consistently over the past eight days. This has contributed to the S&P 500’s longest rally since August, boosting investor optimism regarding easing trade tensions between the U.S. and China.
The CoinDesk 20 index remains stable despite economic strains highlighted by a drop in the first-quarter GDP. The Federal Reserve is currently anticipated to implement rate cuts more frequently than previously expected, owing to higher-than-estimated consumer price growth, as explained by James Butterfill, Head of Research at CoinShares. He notes:
“When the Fed eventually decides to cut rates, it is likely to do so in a knee-jerk and forceful manner — reacting to a significant deterioration in economic conditions rather than being proactive…”
Translation: James warns that significant action from the Fed may be driven by poor economic indicators rather than planned policy. Such a shift could potentially catalyze a considerable rally in Bitcoin as investors look for alternative means to preserve value amidst aggressive monetary easing.
Additionally, historical data shows that since 2013, Bitcoin typically experiences an average increase of 7.52% in May. Ethereum (ETH), which has been underperforming Bitcoin, also shares this positive trend, historically rising by 27.3% in May since 2016.
Vijay Chetty, CEO of Eclipse, states:
“Investor confidence is gradually returning to crypto markets following a volatile start to the year… Growing regulatory clarity is an underappreciated catalyst that will set the stage for broader institutional use cases.”
Translation: Investor confidence is returning to the crypto markets, and greater clarity in regulations will help institutional participation.
Upcoming Highlights
| Date | Event |
|---|---|
| May 5 | IOTA’s Rebased network upgrade begins, increasing capacity to 50,000 transactions per second. |
| May 6 | Launch of Casper Network (CSPR) 2.0 mainnet introducing faster transactions and improved staking features. |
| May 7 | Activation of the Pectra hard fork network upgrade on Ethereum’s mainnet. |
Market Movements
- BTC rose to $97,000, which is an increase of 2.27% from the previous day.
- ETH is priced at $1,822.64, reflecting a 1.48% rise.
- Other financial metrics indicate a positive trend across indices and commodities.
As the month of May kicks off, markets are keen to see if this momentum continues or simply reflects another speculative spike. Be sure to remain updated with the latest market insights with the Crypto Daybook Americas newsletter.
