Crypto Markets Face Make-Or-Break Week—Here’s What’s At Stake
The first full crypto trading week of May features significant events impacting the market. The Federal Open Market Committee is expected to maintain interest rates at 5.25 – 5.50 percent, with Chair Jerome Powell's comments on potential rate cuts being closely analyzed. Ethereum activated the Pectra upgrade, enhancing its functionality with new EIPs that improve transaction capabilities and validator efficiency. The Sonic Summit 2025 in Vienna will focus on interoperability and zero-knowledge tooling, emphasizing measurable success in a tighter funding environment. Hyperliquid has adjusted its fee structure to incentivize trading volume, while Coinbase Global's upcoming earnings report is anticipated to show a rebound in profitability amid ongoing legal challenges. Bitcoin's current trading price is $94,777.
