Weekly Crypto Market Wrap May 12-18, 2025
The crypto market had an unusually calm week — as if the whole industry collectively went on vacation after April’s chaos. But just as the week drew to a close, Bitcoin remembered its ambitions and broke out of its sideways pattern, approaching a new all-time high of $107,150. The rally didn’t last long, though — a quick correction followed. Still, sentiment remains undeniably bullish, and all eyes are now on May for the next big breakout.
While Bitcoin swung between local highs and dips, altcoins didn’t want to miss the party. Meme coins in particular went wild — soaring 50–80% in a single day. Of course, they can crash just as fast, but when has that ever stopped anybody?
Ethereum also kept climbing steadily since late April. But zooming out, most altcoins are still far from their January levels. There’s optimism — but not full recovery just yet.
Trump: "Crypto Could Hit $10 Trillion!". Donald Trump made headlines again by proclaiming his support for crypto, saying he believes the total market cap could easily surpass $10 trillion. The community lit up in response, especially with a private breakfast with top TRUMP holders scheduled soon. The vibes are bullish.
Strategy Buys 13,390 BTC for $1.34 Billion. Another week, another massive Bitcoin buy. Strategy has added 13,390 BTC to its treasury, spending $1.34 billion. Its total holdings now stand at 568,840 BTC — closing in on Satoshi Nakamoto’s mythical stash. This level of accumulation signals unwavering institutional conviction in BTC’s long-term upside.
Abu Dhabi Bets Big on Bitcoin and BlackRock. Abu Dhabi’s sovereign wealth fund has invested $408 million into BlackRock’s spot Bitcoin ETF. It’s another sign that institutional faith in BTC is global, and even oil-rich sheikhs are seeing crypto as a cornerstone of the future economy.
FTX Creditors in Europe to Receive Funds. European victims of the FTX collapse finally have a path to recovery via Backpack EU. On top of that, FTX will distribute $5 billion to creditors as part of its second round of repayments. If you lost funds — hope is back on the table.
Source: https://x.com/Backpack/status/1921820800912425095
U.S.–China Call a 90-Day Trade Truce. After intense negotiations, the U.S. and China agreed to pause their trade war for 90 days, slashing tariffs by 115%. It’s a major de-escalation that could offer global markets a welcome breather — if both sides stay the course.
U.S. Inflation Falls to 2.3% — Best Since Feb 2021. Inflation in the U.S. dropped to 2.3%, marking the lowest level in over 4 years. That’s great news for macro investors and could push the Fed to ease up on monetary tightening — a win for all risk-on assets, especially crypto.
Upcoming major token unlocks:
PYTH: $305.07M (58.4%)
MRS: $176.20M
ALT: $7.63M (7.3%)
VENOM: $5.83M (2.8%)
PIXEL: $4.27M (11.8%)
MURA: $3.99M (0.1%)
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
