This Week In Bitcoin: Top Developments That Could Signal A New Era
Bitcoin entered May trading above $78,000, a price level that, while modest compared to last year’s peak, carries a weight relative to its price action in the previous two months.
The market was not betting on continued bullish momentum for Bitcoin, although a short squeeze toward $82k remained viable.
The transition in Fed leadership introduces policy uncertainty, potentially causing short-term volatility and impacting Bitcoin's market stability.
May 3, 2026, 6:27 amThe Treasury's liquidity boost may enhance risk asset appeal, potentially driving Bitcoin's value up, while influencing broader market dynamics.
May 3, 2026, 5:03 amBitcoin entered May trading above $78,000, a price level that, while modest compared to last year’s peak, carries a weight relative to its price action in the previous two months.
Despite being the best-performing month in the past 12 months, it still came in slightly below its historical average, according to CoinGlass data.
The Bitcoin market has had a rollercoaster performance in 2026, after a bloodbath in the first quarter and what has seemed like a fairly quiet start to the second quarter. Over the past two weeks, BTC has made multiple attempts to break back above the $80,000 resistance level.
A Taiwanese legislator has formally presented a proposal to the country’s premier and central bank governor to allocate part of Taiwan’s $602 billion in foreign exchange (FX) reserves into bitcoin. Key Takeaways: Legislator Ko Ju-Chun presented a BPI bitcoin reserve report to Taiwan’s premier and central bank.
A crypto analyst has outlined a specific period he believes could be the right time to sell Bitcoin (BTC) for the most returns. Supporting his prediction, the analyst highlighted a recurring historical pattern that has marked major bullish turning points in BTC’s market cycles.
Bitcoin's price rose about 20% in April, but the rally was driven by speculative perpetual futures demand while spot demand remained weak, CryptoQuant said.
Taiwan’s central bank is being given one month to produce a report on stablecoins and digital asset reserves — a deadline set not by its own leadership, but by a lawmaker in the country’s legislature.
Bitcoin derivatives markets are sending mixed signals Saturday as open interest climbs back toward $30 billion as options and futures traders hold positions across every major exchange. Key Takeaways: Binance leads all exchanges in BTC futures open interest at 134,620 BTC, while CME posted the strongest 24-hour gain at plus 6.16% on May 2.
The country that gave the world its first crypto ATMs is now preparing to eliminate them entirely. In April 2013, a Vancouver coffee shop installed what would become crypto's most recognizable retail footprint, a machine that let ordinary people convert cash into Bitcoin without a bank account, a broker, or much friction at all.