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BTC dominance due 'collapse' at 71%: 5 things to know in Bitcoin this week

cryptoweekly by cryptoweekly
May 5, 2025
in bitcoin, News
0

Bitcoin braces for the Fed interest rate decision with BTC price support in focus — along with the final innings of Bitcoin’s relentless dominance surge.

Bitcoin (BTC) starts the first full week of May with yearly open support in focus ahead of a key US economic policy decision.

BTC price action attempts to hold the yearly open as support after some downside at the weekly close, but bullish perspectives remain intact.

The US Federal Reserve interest rate decision is the key macro event of the week, with Chair Jerome Powell tipped to “move markets.”

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  • Bitcoin grabs $106K liquidity as whale longs BTC with $255M
  • TikTok denies TRUMP memecoin buys in reply to congressman’s accusations
  • Texas cops cut open crypto ATM to recover $25K lost to scam
  • South Korea’s central bank won’t oppose stablecoin: Report
  • Apple eyes generative AI to speed up custom chip design: Report
  • Politicians’ memecoins, dropped court cases fuel crypto ‘crime supercycle’
  • Bitcoiners split on $94K or $114K for BTC’s next move as it trades sideways

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