A wave of optimism swept through the crypto world this week, fueled by steady U.S. interest rates and a temporary truce in China–US trade tensions. From Ethereum’s impressive rally to Bitcoin’s climb past Amazon’s market cap, here’s your rundown of the week’s biggest crypto moments.
Ethereum Steals the Spotlight
Ethereum was the star of the show, surging 13% and outpacing Bitcoin to hit a six-week high in the ETH/BTC ratio at 0.0225. Other altcoins joined the party, with Solana (SOL) up 7.7% and XRP gaining 6%. The rally pushed ETH above $2,300, while Bitcoin held steady near $102,000.
What sparked this surge? Improved market sentiment after hints of easing U.S. tariffs lifted risk assets, including crypto. The total crypto market cap climbed to $3.36 trillion, triggering $1 billion in liquidations, mostly from short ETH positions. Bitcoin’s market dominance dipped, suggesting investors are rotating capital into Ethereum and altcoins. Could this be the start of an altcoin season?
Bitcoin Surpasses Amazon
In a historic milestone, Bitcoin’s market cap reached $2.03 trillion on May 8, overtaking Amazon ($2.012T) to claim the title of the world’s 5th most valuable asset, trailing just behind Alphabet. This leap followed Bitcoin’s post-halving rally and growing institutional interest.
This isn’t just a number, it’s a signal. Bitcoin’s climb into the top 5 global assets underscores its legitimacy as a financial powerhouse, not just a speculative play. Expect bigger players to take notice, potentially driving more institutional investment.
Fed’s Rate Pause Boosts Risk Assets
The U.S. Federal Reserve kept interest rates steady at 4.25%–4.5% on May 8, marking their fourth consecutive meeting without a change. Bitcoin responded with a 2% bump to $96,500. The decision came amid cooling inflation and concerns about Trump’s tariffs impacting the economy.
With planned U.S.-China talks in Switzerland hinting at reduced trade tensions, the stable rates created a favorable backdrop for risk assets like Bitcoin. This helped sustain BTC’s 22% monthly rally, keeping the momentum alive.
Mudrex Trading Signals: Steady Wins in a Volatile Market
Our trading signals were delivered again this week, navigating the market’s ups and downs with precision. Between April 26 and May 2, 2025, we shared 15 signals, with 8 hitting their profit targets; a solid 53.3% win rate.
Here’s the breakdown:
- 75% of trades reached Take Profit 1 (TP1).
- 25% hit Take Profit 2 (TP2).
- No trades went inactive.
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What’s on the Horizon?
The crypto market is buzzing with cautious optimism. Ethereum’s rally and altcoin momentum are challenging Bitcoin’s dominance, while the SEC Crypto Task Force’s roundtable on tokenization today, May 12, could hint at regulatory shifts affecting altcoins and DeFi.
Bitcoin might break $105,000 if institutional buying continues, while Ethereum is eyeing $2,500 as gas fees drop. Altcoins like XRP and Cardano could see breakouts, especially if trade tensions ease further. Keep an eye on these developments; they could shape the market’s next moves.
