Bitcoin Smashes $100K Barrier as Ethereum’s Pectra Upgrade Fuels Rally—Fed Stays on Sidelines
Bitcoin just ripped past six figures—no courtesy of the Fed, who opted to keep playing rate-cut peekaboo. Meanwhile, Ethereum’s Pectra upgrade is injecting fresh adrenaline into ETH, proving once again that crypto evolves faster than regulators can say ’volatility risk.’
Markets barely blinked at the Fed’s non-move—turns out, when you’ve got a decentralized rocket ship, who needs central bank training wheels? Just don’t tell Jerome Powell.
Market Data
Market Cap: $3.380T | 24H Vol: $230B | BTC Dominance: 60.6%
BTC: $102,966 (+6.3%) | ETH: $2,336 (+27.65%) | XRP: $2.38 (+7.7%)
This Week’s Crypto Headlines You Can’t Miss
. As mentioned above, ETH stole the show in the past few days, but especially since Thursday. In fact, it posted one of its biggest daily surges in over four years on a 24-hour scale, as its price skyrocketed by more than 25% at one point.
. Almost two months after Ripple’s CEO, Brad Garlinghouse, announced that the lawsuit between his company and the US SEC had effectively ended, the agency sought court approval for a $50 million settlement, which will officially close it. The amount is a lot smaller than the previously ordered $125 million or the $2 billion the agency asked for initially.
. New Hampshire made history this week as it became the first US state to allow its treasury to invest in crypto assets like bitcoin, after Gov. Ayotte signed House Bill 203 into law. Arizona followed suit, but with a different bill.
. Although the yellow metal has performed better than BTC this year, it turns out that BlackRock’s Bitcoin ETF has attracted more flows YTD than the company’s gold alternative.
. On-chain data provided by Tokenomist indicated that the month of May will deliver massive token unlocks worth almost $400 million (according to prices from May 4). Two of the biggest unlocks will be for SOL and WLD.
. It wouldn’t be a bull market week if Michael Saylor’s Strategy didn’t announce another BTC acquisition. Although this past Monday’s purchase was nowhere NEAR as big as some of the previous ones, it still increased the company’s stash to 555,450 BTC.
Charts
This week, we have a chart analysis of Ethereum, Ripple, Cardano, Hype, and solana – click here for the complete price analysis.
