The editorial team has prepared a digest of key events in the cryptocurrency industry for this week. The material discusses the growth of the crypto market, the Pectra hard fork in the Ethereum network, regulations in the U.S., and the establishment of crypto reserves in American states.
This is reported by Finway
Bitcoin News
At the beginning of the week, on May 5, 2025, the first cryptocurrency started trading at around $94,000. Subsequently, there was a steady increase without significant corrections. On May 8, Bitcoin surpassed $104,000 but later dropped to around $103,000. At the time of preparing this report, the asset is trading at $104,400, according to TradingView data.
The BTC/USDT rate on the Binance exchange. Source: TradingView.
Major Transactions and Predictions
Strategy (formerly MicroStrategy) acquired 1,895 BTC for $180.3 million at a price of $95,167 between April 28 and May 4, 2025. Thus, the firm significantly increased its portfolio thanks to revenues from stock sales.
Analysts at investment firm Bernstein predict that the corporate sector will invest up to $330 billion in Bitcoin by 2029. This growth, they say, will be driven by active purchases from Strategy, which was the first to include Bitcoin in its reserves.
On May 6, a transfer of 2,343 BTC was recorded from an unknown Bitcoin whale after 11 years of inactivity. The transaction fee was only $9.92. These assets were acquired in July 2013 and March 2014.
The Japanese investment company Metaplanet also purchased 555 BTC for $53.4 million, continuing to build its reserves. The average price of one Bitcoin during the latest purchase was $96,134, and Metaplanet’s total reserves have now reached 5,555 BTC, valued at approximately $481.5 million.
Analysts at Santiment reported active accumulation of Bitcoins by large market players. Over the past six weeks, addresses with balances from 10 to 10,000 BTC have added another 81,338 BTC to their reserves.
As for Ethereum, the asset started the week at around $1,800 and also showed growth. On May 9, the price exceeded $2,492 but then dropped to around $2,300. At the time of writing, Ethereum is trading at $2,525, a result of the Pectra update.
The ETH/USDT rate on the Binance exchange. Source: TradingView.
On May 7, a successful deployment of the Pectra update occurred on the Ethereum mainnet, marking the largest update since the Merge. The hard fork was activated in epoch 364032 without technical issues.
In Florida, lawmakers have postponed the consideration of two Bitcoin reserve bills indefinitely, while the United Kingdom has announced that it does not intend to create a strategic Bitcoin reserve.
The Governor of New Hampshire signed a bill allowing local authorities to invest in cryptocurrencies and precious metals, becoming the first state in the U.S. to pass such a measure.
Thus, the crypto market is in an active growth phase, and interest in Bitcoin and Ethereum remains high. In particular, investors are actively responding to news and changes in market conditions, contributing to the further development of the industry.