This Week in the Crypto Market: April 28 – May 3, 2025

It was a positive week in the crypto market. It was a week in which Bitcoin consolidated its position above $90,000 and altcoins were on the rise. Bitcoin, the leading cryptocurrency, moved between $93,500 and $95,000 during the week. When the calendar turned to May 1, the Bitcoin price reached $97,000 for the first time in a long time. The positive trend spread to the Solana ecosystem, as the memecoin craze that investors had been waiting for for months returned to Solana. Many memecoins, notably the GORK memecoin, saw dramatic growth. Behind the positive outlook in the market is the possibility of a rate cut by the US Fed. We had a good week last week, now it’s time for Fed week!

So without further ado, here’s what happened in the crypto market last week…

Strategy As You Know

US-based technology company Strategy bought 15,355 BTC between April 21 and April 27 at an average price of $92,737. The company paid about $1.42 billion for this purchase. The company’s total Bitcoin holdings reached 553,555 BTC. Strategy, which shelved the possibility of a sale, continues to buy Bitcoin at every opportunity. It is worth remembering that Strategy currently holds more than 2.6% of the Bitcoin supply. Hopefully, they won’t have to sell it one day.

BlackRock Confident in Ethereum

Asset manager BlackRock is moving its largest real-world asset initiative to date to Ethereum. BlackRock, one of the most important names in the financial world, plans to tokenize its $150 billion Treasury Trust Fund. Hah! Let’s just say that the company has chosen the Ethereum blockchain for this. This new digital asset class will be called DLT Shares. The application submitted to the US SEC is expected to be approved by the end of the year.

Such Manipulation: ALPACA Heist

ALPACA, the shitcoin that was delisted by Binance, has been subjected to manipulations that have been victimizing investors for days. The cryptocurrency, which has no clear purpose, surged 650% in a few hours on Wednesday, followed by a 50% drop. Binance called the price movements normal and refused to take responsibility. ALPACA, which runs on BNB Chain, was removed from Binance after all the manipulation. Of course, it happened again to the investors.

U.S. Approaching Bitcoin Reserve

Bo Hines, Executive Director of the US Digital Assets Advisory Council, stated that there is a space race in the digital asset space and this race is shaped around Bitcoin. In an interview with Bitcoin Magazine, Hines stated that the US Treasury Department will come up with creative ideas to create a Bitcoin reserve. Hines also stated that stablecoin and market-oriented laws are on the way. BTC price is about to reach $100,000 as the US steps into Bitcoin day by day.

Short-Term Memecoin Bull at Solana

There was a memecoin frenzy on the Solana blockchain this week. A memecoin called Housecoin (HOUSE) has attracted attention by reaching a market capitalization of over $100 million. The fact that a memecoin exceeded $100 million after a long time created expectations for a new memecoin rally. The Pump.fun platform started producing memecoins again and investors again reset thousands of dollars in memecoins. What happened at the end of the week? A few coins survived, except HOUSE coin, but a lot of memecoins were reset, leaving investors victimized. Remember, memecoins offer high returns but also high risk.

Vitalik Buterin’s Ethereum Plans Create Excitement

Ethereum, the pioneer of altcoins, is not smiling. Even as Bitcoin races from record to record, Ethereum continues to fall short of expectations. During the period when the price of Bitcoin rose from $75,000 to $95,000, the price of Ethereum rose from $1,350 to $1,800. Investors think that Bitcoin will reach record highs again, but Ethereum will not be able to exceed $2,000. Ethereum co-founder Vitalik Buterin is doing his best to save his sinking ship. Buterin announced that Ethereum should become a layer-1 blockchain like Bitcoin and that the necessary work will be done for this. Sharing his plans for 2025, Buterin emphasizes privacy and decentralization. Recognizing the power of Bitcoin, the software developer advocates for Ethereum to be developed in a similar way. Meanwhile, Ethereum is expected to be more scalable and cheaper after the Pectra upgrade. Despite all this, ETH continues to disappoint.

Famous Name Abandoned Ethereum!

Ethereum’s falling out of favor day by day has pushed many investors to alternative investment instruments. Two Prime, an investor registered with the US Securities and Exchange Commission (SEC), sold all his investments in Ethereum and switched to Bitcoin. Two Prime stated that Ethereum is very weak against Bitcoin and that it is not a sustainable investment tool. Ethereum, which has lost important investors one by one, seems to have a very difficult job. Let’s hope Vitalik Buterin manages to save this ship as soon as possible.

Black Mirror Enters the Crypto Universe

Black Mirror, the science fiction series released on a digital platform, has made an important decision. Banijay Brands, which holds the intellectual property rights of Black Mirror, has approved the project in question. By developing an artificial intelligence tool, the Black Mirror team will bring the themes of data profiling, surveillance and behavior-based privilege, which are frequently covered in the series, to the blockchain. The project’s official token, which will be an AI tool, will be released on the KOR Protocol. Airdrops and early-stage rewards have also helped the project gain traction. Many investors bought NFTs associated with Black Mirror. It’s not hard to imagine how the series, which normalizes mind control, will set the tone for the cryptocurrency market.