Senator Cynthia Lummis says the United States will eventually turn its attention to the Bitcoin Reserve Bill, following progress on the much-debated stablecoin legislation. This development, shared on stage at The Bitcoin Conference, has sparked renewed interest in the government’s stance on digital assets, especially Bitcoin. Cynthia Lummis: Bitcoin Reserve Bill Is Next In Line In a now-viral post on X, Senator Lummis made headlines at the Bitcoin Conference. She announced that the Senate will begin work on the Bitcoin Reserve Bill after wrapping up discussions on the GENIUS Act stablecoin bill. Congressman Nick Begich introduced the Bitcoin bill on March 11, 2025. This bill proposes that the U.S. The Treasury should begin purchasing up to 1 million Bitcoin units over five years. If passed, it would back the established Strategic Bitcoin Reserve held in trust by the government. This will mark a massive shift in how the United States… Read More at Coingape.com
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US Bitcoin ETF is on fire again with BTC soaring to $95,000 on Tuesday and setting its sights on the $96,000 mark. What’s more, an exciting time is ahead for crypto enthusiasts as analysts are bullish about more upside for digital gold in the coming days.
Bitcoin ETF Inflows Surge
On Monday and Tuesday, the inflow into Bitcoin ETF stood at $591M and $172.8M, respectively. With BTC now hovering around 50% up year-to-date, markets are cautiously hoping for a breakout past the $96K mark.
Since last week, the surge in Bitcoin’s price has been accompanied by significant inflows. US Spot BTC ETFs have seen hundreds of millions of dollars in inflows recently, bringing total inflows to a record $39 billion since early 2025.
BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows on Tuesday with $216 million, while all the other funds witnessed either negative or zero inflows. On average, nine of the ten U.S. spot ETFs have seen positive inflows in the last 20 days.
Grayscale’s Bitcoin ETF GBTC has seen a modest $69.9 million outflow, continuing its slow bleed post-conversion, as per the data from Farside Investors.
Bitcoin Price To Shoot Up?
Meanwhile, macro sentiment is aligning. The Fed is expected to maintain its current stance on interest rates, and inflation fears are cooling slightly. What’s next? All eyes are on the $96K resistance. If Bitcoin clears that, $100K wouldn’t seem too far-fetched. In fact, a recent Matrixport report even hinted at a potential BTC rally to $106K if it breaks through the crucial resistance.
On Tuesday, Bitcoin’s Realized Capitalization also reached an all-time high of $882.2 billion, indicating robust capital inflows and growing investor confidence. Analysts say that such large accumulations of Realized Capitalization have usually preceded considerable BTC price increases.
But let’s not be naive: this is crypto. Volatility is part of the game. Bitcoin ETF flows are uneven, regulatory headlines can crash the party, and leverage remains frothy. Still, for now, the message is clear: Institutions are buying in bulk.
Institutional interest was further fuelled by Cantor Fitzgerald’s announcement of a $3.6 billion crypto venture, Twenty One Capital, backed by SoftBank, Tether, and Bitfinex. The venture plans to launch with over 42,000 bitcoins, making it the third-largest bitcoin treasury.
Recently, the BlackRock BTC ETF achieved a landmark feat by recording nearly $1 billion worth of inflows. Analysts have been predicting that Bitcoin ETF inflows in 2025 could surpass $50 billion, indicating sustained institutional demand.
After a relatively flat April marked by decreased network demand and sideways price action, the second-largest cryptocurrency, Ethereum (ETH), may be positioned for a shift.
ETH holders are optimistic about May. This optimism is fueled by strengthening fundamentals, the anticipated Pectra upgrade, and renewed interest from institutional investors through spot ETH exchange-traded funds (ETFs).
ETH Struggled in April, but May Brings a Glimmer of Hope
In April, on-chain data showed a dip in user activity across the Ethereum network, while broader market stagnation kept ETH trading below key resistance levels.
According to Artemis, during the 30-day period, user demand for Ethereum plummeted, leading to a decline in the number of active addresses, daily transaction count, and consequently, its network fees and revenue.
This and the broader market downturn impacted ETH’s performance, causing the leading altcoin’s price to remain below the $2,000 mark throughout April.
However, in an interview with BeInCrypto, Gabriel Halm, a research analyst at IntoTheBlock, said that ETH’s price could break above the $2,000 price mark in May and stabilize above it.
For Halm, the improved capital inflows into ETH spot ETFs, Ethereum’s dominance in the coin’s decentralized finance (DeFi) vertical, and its upcoming Pectra upgrade could help bring this to fruition.
ETF Inflows, DeFi Dominance, and Pectra: Triple Boost for Ethereum in May
According to SosoValue, monthly net inflows into ETH ETFs totaled $66.25 million in April, signaling a shift in market sentiment compared to the $403.37 million in net outflows recorded in March.
Total Ethereum Spot ETF Net Inflow. Source: SosoValue
This reversal from heavy outflows to modest inflows suggests that investor confidence in the altcoin is gradually returning. It indicates that institutional players may be positioning for a longer-term rebound, especially as Ethereum’s network fundamentals begin to improve, one of which is its climbing dominance in the DeFi sector.
Over 50% of the total value locked (TVL) in DeFi protocols still resides on the Ethereum blockchain. This means that the Layer-1 (L1) remains the preferred settlement layer for various financial applications, including lending, staking, yield farming, and decentralized exchanges.
Therefore, in May, if broader market conditions begin to improve, renewed capital inflows into Ethereum’s DeFi sector could, in turn, drive up demand for ETH and support its price rally.
Moreover, according to Halm, Ethereum’s upcoming Pectra upgrade, set to launch on May 7, 2025, could further aid ETH’s price performance this month. The upgrade promises to enhance the network’s scalability, reduce transaction fees, improve security, and introduce smart account functionality.
These improvements may fuel a surge in user demand throughout May, potentially lifting ETH’s price, provided macroeconomic conditions remain favorable.
ETH’s Growth Hinges on Broader Market Stability
Despite this, the broader economic pressures pose a significant risk to ETH in May. Halm noted that “the upcoming CPI report on May 13th will be particularly important, potentially influencing market sentiment and contributing to this volatility.”
This is because inflation or hawkish signals from the Federal Reserve could worsen the risk-off sentiment in the crypto market, putting pressure on ETH’s price.
Halm also pointed out that ETH’s price remains tightly correlated with US equities. Therefore, if equity markets face renewed stress this month due to inflation fears or rate hike expectations, the altcoin may come under similar pressure.
ETH’s Historical Correlation to S&P 500. Source: IntoTheBlock
“Looking ahead to May, if this high correlation persists, it implies that Ethereum’s vulnerability to market downturns and inflation-related pressures would likely be similar to that of traditional risk assets like those in the S&P 500. A downturn in the general market or increased concerns about inflation impacting equities could therefore negatively affect ETH’s price,” said Gabriel Halm, research analyst at IntoTheBlock,
While a sustained push above $2,000 remains possible, any rally will likely depend on inflation trends, risk sentiment in traditional markets, and how tightly ETH remains tied to equities.
