Weekly Highlights: ETF Inflows Boost Market Confidence
Bitcoin ETFs have witnessed a powerful comeback, drawing $2.43 billion in inflows over the past 10 days. This renewed institutional interest is driving strong bullish sentiment across the market, reinforcing Bitcoin’s upward momentum and significantly boosting investor confidence.
Ethereum Pectra Upgrade Goes Live
On May 7, 2025, Ethereum successfully rolled out its much-awaited Pectra upgrade. This milestone includes:
- EIP-7702: Enables smart accounts—users can now batch transactions and pay gas in tokens.
- EIP-7251: Increases the maximum staking limit, making Ethereum more decentralized.
- EIP-7691: Doubles data capacity for Layer-2 rollups, boosting scalability.
These changes aim to make Ethereum more user-friendly, cost-efficient, and scalable for the masses.
FOMC Meeting—Fed Keeps Rates Steady
The U.S. Federal Reserve kept interest rates unchanged at 4.50% during the May 7th meeting. The stance wWe expected this stance, given the persistent inflation and cooling job market.ets had already priced in the decision, leading to minimal immediate reaction.
Trump-Backed Stablecoin “USD1” Launched
World Liberty Financial, a firm linked to Donald Trump, announced the launch of its new stablecoin—USD1—backed by a $2B deal with Binance and MGX. With aspirations to challenge USDT and USDC, this move could shift stablecoin dynamics, especially in the U.S. political context.
Metaplanet’s Bold Bitcoin Investment
Japanese investment firm Metaplanet has doubled down on Bitcoin. It issued $24.8M in bonds to accumulate more BTC and unveiled plans to raise another $250M via a U.S. entity. The announcement reaffirms Bitcoin’s growing appeal as a treasury asset among global institutions.
Market Insight: BTC Dominance at 65%
Bitcoin Dominance (BTC.D) has risen to 65.06%, continuing a steady uptrend since the 2022 bear market. With altcoins largely underperforming, Bitcoin remains the clear market leader.
🔍 Technical Indicators:
- RSI > 70 on both weekly and monthly charts indicates strong momentum.
- BTC.D is in an upward channel, eyeing resistance at 71–72%.
- Real altcoin season may only begin after BTC.D tops out—watch for bearish divergence and RSI reversal above 80.
Upcoming Events to Watch
CME Launching XRP Futures—May 19, 2025
CME Group plans to roll out cash-settled XRP futures, pending regulatory approval. This marks an expansion beyond BTC and ETH, boosting XRP’s institutional exposure.
US–China Meeting – May 10, 2025
The U.S. and China are restarting trade negotiations amid rising tariffs. While a breakthrough isn’t likely, crypto markets could swing wildly
- Headlines → Expect a short-term BTC dip
- Positive outcomes → BTC could continue rallying
Stay alert for May 10 news cycles.
Conclusion: Is ₹1 Crore BTC in Sight?
With ETF inflows surging, Ethereum upgrades strengthening the ecosystem, and growing institutional interest in Bitcoin, the fundamentals are aligning for a potential parabolic move. But global macro events and BTC dominance trends must be monitored closely. ₹1 Crore BTC may not be far off—if the momentum holds.