Welcome to this week’s crypto market roundup! After a rollercoaster few months, the crypto market is showing signs of a strong comeback, with bullish sentiment driving the charge. From Bitcoin’s new all-time high to FIFA’s blockchain venture, here’s everything you need to know about the top updates in the crypto world this week.
Bitcoin Breaks New ATH, $120K Next?
Bitcoin is back in the spotlight, smashing through a new all-time high of over $109,800, a whopping 47% surge since its dip to $75,000 in April. This rally has been fueled by massive inflows into Bitcoin ETFs, with $7.4 billion invested over the past five weeks. Big players like Strategy are doubling down too, now holding an impressive 576,230 BTC.
The price surge kicked off in mid-April as the U.S. finalized trade deals, easing earlier concerns that rattled investors. This momentum is lifting the entire crypto market, but with such a rapid climb, a short-term pullback could be on the cards before Bitcoin aims for loftier heights, perhaps even $120,000. Stay cautious, but the outlook remains exciting!
If You Tax Crypto, Regulate It Too
In India, the Supreme Court is raising tough questions about crypto’s future. On May 5, judges challenged the government: Why impose a hefty 30% tax on crypto transactions without clear regulations to govern the space? They warned that an unregulated crypto economy could pose risks to the nation if left unchecked.
The government’s response? A vague promise to “take a look” at current policies. This could be a turning point, pushing India toward proper crypto laws that provide clarity for users and businesses. However, it might also lead to stricter oversight. Watch this space, big changes could be coming!
FIFA on The Block
FIFA is diving into Web3, partnering with Avalanche to build its own blockchain. The plan? Move its NFT collection to the new platform and potentially launch a “FIFA Coin” for fans. Aimed at enhancing digital experiences for the 2026 World Cup, expected to draw 5 billion viewers, this shift will leverage Avalanche’s tech to scale efficiently and cut costs, replacing older systems on Algorand and Polygon.
A global brand like FIFA embracing blockchain signals crypto’s growing mainstream appeal. This move could onboard millions of new users and boost the NFT and fan token markets. Get ready for a game-changer in sports and crypto!
Mudrex Trade Signals
Between May 10 and May 16, 2025, we shared 20 trading signals, with nine trades hitting their profit targets, delivering a solid 50.0% win rate for the week!
The best part? 66.67% of the winning trades went all the way to TP2, showing strong momentum. Only two signals remained inactive, meaning most opportunities were right on the mark.
Don’t miss out! Join the Mudrex Telegram channel for real-time signals, expert insights, and a smarter way to trade crypto.
What’s Next?
All eyes are on Las Vegas this week as the Bitcoin 2025 conference runs from May 27-29. A cornerstone of the crypto calendar, this event brings together developers, institutional investors, policymakers, and thought leaders. With headline speakers, protocol updates, and major announcements often dropping during the conference, it’s a breeding ground for market-moving news.
Past events have sparked bullish trends, from visionary roadmaps to surprise partnerships and regulatory optimism. Investors, keep your ears open, narratives from Bitcoin 2025 could shape the crypto market for months to come.
