Michael Saylor’s Strategy has doubled down on its Bitcoin bet, acquiring 15,355 BTC for $1.42 billion at an average price of $92,737—marking its third mega-purchase this April after buys of $555.8 million at $84,785/BTC and $285.8 million at $82,618/BTC. With a 13.7% YTD yield on its BTC holdings, Bitcoin price consolidates near $96k ahead of the May 7 Fed meeting.
Bitcoin Technicals Signal Extended Rally
An interesting observation on the daily Bitcoin price chart is the extended bull runs after the 1-day RSI has crossed above 70. Such instances have historically resulted in 40% to 70% up moves in the next 30 to 40 days.
As of May 3, Bitcoin’s daily RSI has just crossed the 70-mark. If history repeats, this could be the last time to accumulate Bitcoin below $100k.
Bitcoin price 1-day chart showing RSI crossing 70
Will Bitcoin price continue its ascent beyond $100k? Apart from technicals a macroeconomic policies, Trump’s trade war negotiations also impact the price of BTC.
Macro Factors Influencing BTC Price
Fed Meeting Impact on May 7
There is a 97.2% probability that the rates remain unchanged at the 425 to 450 basis point range, according to the CME FedWatch Tool.
Potential outcomes:
A dovish tone from the Fed could result in a bullish leg propelling BTC to revisit $100k.
On the other hand, a hawkish surprise could lead to a Bitcoin pullback to $92.2k support. A breakdown of this level could lead to steep corrections to $88k and $85.4k.
CME FedWatch Tool rate probabilities
The Dollar Index (DXY) weakens
As noted in previous CoinGape articles, the dollar Index, DXY, has collapsed nearly 11% in the past 100 days and current sits around 100.036. A further push into 100.820 could result in a steep rejection down to 91.
Although the April Nonfarm Payrolls didn’t push DXY lower, the Fed’s decision on macroeconomic policy could drive US dollar lower. This development could propel Bitcoin price higher.
Institutional Demand
Spot Bitcoin ETF has noted $4 billions in net flows since March 25.
Adding a tailwind to institutional accumulation is MicroStrategy’s total April buys reaching north of 25,370 BTC worth $2.44 billion.
Critical Bitcoin Levels to Watch
With Nonfarm Payrolls out of the way, another volatile event, the Fed meeting on May 7, looms, which could induce volatility. Here are some key levels to watch for Bitcoin (BTC).
Resistance Levels
$108k (all-time high)
$100k (psychological barrier)
Support Zones
$92k to $93k
$88.4k
$85.8k
To conclude, the overall Bitcoin price prediction remains bullish with targets beyond $100k in 2025. However, investors need to be cautious as BTC could chop around before it embarks on an exponential uptrend.
New SEC Chair:- There is so much happening in crypto and web3 as of now. The biggest gala of crypto leaders and champions is gathering at Token 2049 in Abu Dhabi.
Crypto market is turning bullish with BTC crossing $96,000 as of writing. XRP ETFs have been launched in Canada. Trade Fi and DeFi are integrating and innovating at an unprecedented pace.
Another such important happening is the sworn-in of new SEC Chair Paul Atlkins on April 21. Considered as the pro-crypto ally, he already has connections with the industry – holding around $6 million in crypto-related investments.
Atkins is serving out the remainder of former SEC Chair Gary Gensler’s term, which is set to expire on June 5, 2026.
From now, his over 1-year tenure as the chairman of the US’s top regulatory body – Securities and Exchange Commission (SEC) – will be pivotal for the crypto market and web3 industry.
Bitget CLO critically explains the impact of new SEC Chair on hottest trends of Web3, viz., Stablecoins, RWA Tokeniations, ETFs, regulatory clarity and expected legislations.
New SEC Chair to Led Path Towards Regulatory Clarity
Paul Atkins made his first public appearance as the new SEC Chair on April 25. In the first crypto roundtable, he sought for more clear crypto regulations for the web3 industry.
Bitget CLO Hon N. who has worked previously for Binance says, “Atkins is someone who has actively worked in the crypto industry. In the latest crypto roundtable, his message was regulatory clarity — and that’s what industry players really need.
Businesses are not asking for an open pass to do anything they want. Rather, we want clear guidance and no more confusion on what compliance looks like. Under Atkins’ leadership, we believe that the SEC will provide that clarity.
That clarity alone removes huge legal uncertainty and keeps innovation onshore.
He has called on the previous SEC administration for stifling innovation in the crypto industy from the last several years due to market and regulatory uncertainty.
During the roundtable speech, he has hinted changes to custody rules under the Exchange Act, Advisers Act, or Investment Company Act to accommodate crypto assets and blockchain technology. He is also working for a new crypto asset broker-dealer framework if needed.
As founder and CEO of Patomak Global Partners, new SEC Chair Atkins has advised numerous cryptocurrency exchanges and blockchain startups on regulatory strategy and compliance.
Since 2017, he is also serving as the co-chair of the Token Alliance which is a leading industry advocacy group that works to shape sensible crypto regulation. However, after taking office, he has resigned from both of these roles.
New SEC Chair Stakes in Securitize | Official Filings
With the increasing interest in crypto, there is a notable surge in ETF filings. There are a growing number of pending ETF applications with the SEC.
Nasdaq filed a Form S-1 today to list and trade shares of the 21Shares Dogecoin ETF. Bitwise’s proposal for a spot XRP ETF has entered its initial 90-day review window.
VanEck has also formally submitted a registration for a spot Avalanche (AVAX) ETF. Bitget CLO Hon N. seems bullish action likely for these applications with the new SEC Chair.
So, the SEC currently has over 70 altcoin ETF applications pending approval. And they are continuously delaying the decisions. It tells me that the Commission is likely working on a new framework for approval, says Bitget CLO Hon. from his over 18 years of experience in the legal and business fields, Paul Atkins might empower staff to grant “conditional approvals” for pending altcoin funds. He can set straightforward guardrails — like capital requirements and liquidity tests — so issuers know exactly which box to check.
However, these are assumptions — and while they might materialize, the new SEC chair has a lot on his plate, and not every single decision will be immediate.
Global ETF net sales totaled roughly $314.5 billion in Q1 2025. This was driven largely by the Big Three promoters—iShares (+$109.6 billion), Vanguard (+$104.0 billion), and Invesco (+$20.4 billion).
In 2024, the SEC initiated 33 crypto-related enforcement actions against major crypto companies including Ripple, Kraken. It imposed $4.98 billion in penalties for fraud and unregistered offerings.
Whatever rules the regulatory body makes under the new SEC chair will ultimately set the course for the web3 industry.
Bitget CLO believes, “Ideally Atkins should push Congress and his staff to tackle three core areas first. Stablecoin legislation tops the list: defining covered, fully-backed dollar tokens as payment instruments will secure consumer trust and let banking regulators step in.
Also, the tokenization framework needs clear, safe harbors for digital shares, bonds, and funds — aligning Investment Company Act requirements with modern platforms.
On stablecoins, he could deploy a dedicated Safe Harbor Pilot, allowing issuers to operate under transparent reserve‐audit and redemption rules for, say, 12–18 months while the SEC collects real‐world data.
Third, the SEC must finalize custody rules and a “special purpose broker-dealer” structure so exchanges and wallets can hold assets without jumping through hoops.
On the rule side, guidance on DeFi lending and staking will help protocols design compliant products. The Commission should also revisit crowdfunding limits to allow more projects to raise capital through transparent disclosures.
Can the new SEC Chair Solve the Hottest Debate of Disgreement
Classifying crypto assets as ‘security vs. commodity’ debate has been the most pressing debate for the US crypto market in the past five years. It has become the root cause of almost every major lawsuit the industy has witnessed.
Bitget CLO believes the new SEC Chair can extinguish this long-burning fire.
Atkins is uniquely positioned to draw a clearer line between securities and commodities. The recent guidance from the Commission’s crypto task force already treats fully-backed dollar stablecoins as non-securities and carves out other niche segments from SEC’s jurisdiction.
Building on that, I think he’ll lean on the Howey test’s focus on “investment contracts,” ensuring only tokens sold with profit-expectation marketing face securities rules. He has promised to work closely with the CFTC, banking agencies, and Congress to prevent overlap and confusion.
Ultimately, Atkins’ approach should leave true payment and commodity tokens in the CFTC’s scope, while investment-style tokens land squarely under SEC authority.
Can SEC turn from an Aversary to Friend for Web3
The new SEC chair can chart a new course of regulatory history by pionerring pro-crypto legislations in the country. His over 1-year tenure leaves the web3 companies and leaders hoping for better prospects and favourable landscape.
Bitget CLO concludes, eyeing “Atkins’ future industry roundtables on tokenization and DeFi. We’ll finally get targeted rules instead of broad fears.
While he won’t let fraud go unchecked, his focus on cost-benefit analysis and legislative fixes means the SEC will likely act more like a partner than an adversary.
In the long term, I expect him to propose joint roundtables with the FCA and EU authorities and to support global bodies like the Financial Stability Board in drafting voluntary guidelines. That collaborative stance will nudge national regimes toward a more interoperable, globally coherent rulebook.
My last advice for him would be to establish clear pilot programs. Instead of decades-long rulemakings, he could set short-term Safe Harbor Pilots with defined metrics for stablecoins, tokenized securities, and ETFs.
The crypto markets have triggered a strong recovery phase, but the Cardano price has remained stuck within a range. The token has been consolidating within a tight range between $0.66 and $0.73, suggesting a massive drop in the volatility. The trading activity has dropped significantly but it does point towards a potential upswing, as a couple of reasons indicate that the ADA price rally is about to go 10x from here.
The platform is about to undergo a revolutionary upgrade called the ‘Loas’ upgrade, which aims to transform the network’s capabilities. This upgrade is set to enhance the transaction speed while maintaining the decentralization. The upgrade targets the DeFi and NFT applications as the NFT ecosystem is expanding at a greater pace. On the other hand, the institutional adoption is expected to grow after the inclusion of ADA into the National crypto reserve and with the launch of an ADA ETF.
In the times when the development activity of Cardano has surpassed Ethereum, when will the ADA price revive a strong upswing beyond $1?
The ADA price is stuck within a descending triangle and seems to have found a strong base at the 50-day MA at $0.673. Meanwhile, the RSI remains elevated, which suggests the ascending consolidation may continue. With this, the price may continue to rise and reach the resistance at above $0.7. This could keep the 50-day MA elevated and further help the token to undergo a bullish crossover with the 200-day MA called the Golden cross. With this, the price is expected to break above the pattern and secure the levels above $1.
The third-generation token has surged over $1 multiple times before but the bulls failed to keep up the rally above the gains. However, the MACD shows a drop in the buying pressure while the levels are heading for a bearish crossover. This could keep the Cardano consolidated within a range for a while, followed by a massive breakout once the volume rises in favor of the bulls. Therefore, the ADA price is primed to rise as the markets are displaying huge potential of maintaining a strong upswing in the coming days.
The post Cardano Price Prediction 2025? Here’s When the ADA Price May Rise and Sustain Above $1 appeared first on Coinpedia Fintech News
The crypto markets have triggered a strong recovery phase, but the Cardano price has remained stuck within a range. The token has been consolidating within a tight range between $0.66 and $0.73, suggesting a massive drop in the volatility. The trading activity has dropped significantly but it does point towards a potential upswing, as a …
The top 220 $TRUMP holders by May 12 will be eligible for the Gala dinner at the Trump National Golf Club in Washington D.C.
On-chain data shows a renewed interest in $TRUMP memecoin amid an ongoing crypto bullish outlook.
The President of the United States Donald Trump will host an exclusive dinner for the top 220 holders of the Official Trump ($TRUMP) memecoin next month. According to the announcement, President Trump will host a crypto dinner in Washington D.C. on May 22, 2025.
To select the lucky few, a real-time leaderboard was unveiled on Wednesday, where users can register and compete for the top 220 positions. Furthermore, the $TRUMP leaderboard will end by May 12, with the top 25 holders earning a VIP reception with the president and a special tour of the White House.
“This is 100% real. Details about the $TRUMP Gala Dinner will be posted on the official $TRUMP website and shared across all verified $TRUMP social media channels,” the announcement noted.
Whale Investors Scramble for $TRUMP Memecoin
Following the announcement of the Trump Gala dinner, on-chain data showed a sharp uptick in whale activity seeking to accumulate the TRUMP memecoin. For instance, Lookonchain spotted a whale investor who spent $5 million to purchase 407,467 TRUMP tokens at about $12.27.
However, some investors sold their TRUMP tokens before the announcement, thus missing out on the palpable gains.
Nevertheless, the FOMO triggered by the Trump dinner news will catalyze more bullish sentiment and attract more investors in the near term.
Market Picture
The $TRUMP memecoin rallied more than 70 percent in the past 24 hours to trade at about $13.65 at the time of this writing. The mid-cap Solana-based memecoin, with a fully diluted valuation of about $13.5 billion, recorded a 400 percent surge in its 24-hour average trading volume to hover around $3 billion at the time of this writing.
Following the notable TRUMP price rebound in the past two weeks, it is safe to say that the memecoin has possibly kickstarted a fresh bull rally. Moreover, the four-hour Relative Strength Index (RSI) has been forming a bullish divergence and spiked above the 70 percent level for the first time in 2025.
Additionally, the four-hour MACD indicator has already flipped bullish after multi-weeks of signaling bearish sentiment.
The post President Donald Trump to Hold an Exclusive Dinner For Top 220 $TRUMP Token Holders on May 22 appeared first on Coinpedia Fintech News
The top 220 $TRUMP holders by May 12 will be eligible for the Gala dinner at the Trump National Golf Club in Washington D.C. On-chain data shows a renewed interest in $TRUMP memecoin amid an ongoing crypto bullish outlook. The President of the United States Donald Trump will host an exclusive dinner for the top …
