Bitcoin is holding strong around €88,000 ($94,000) after a powerful rally, and excitement is building for a potential push above €94,000–€96,000 ($100,000–$103,000) in May. The Fear and Greed Index is showing greed again, Ethereum is regaining strength after weeks of weakness, and whales continue to accumulate Bitcoin in record amounts. Meanwhile, Slovenia’s capital, Ljubljana, has officially been named the most crypto-friendly city in the world.
Let’s break down the key events shaping the market this week in our weekly crypto news.
Bitcoin’s Strong Growth Continues
Between April 17 and 25, Bitcoin made a strong move upward — climbing from about €80,000 ($85,000) to €88,000 ($95,000). Several important factors helped push the price higher.
First, Bitcoin started to behave more like a “safe haven” — a place where investors move their money when other markets look risky. While tech stocks and the Nasdaq were falling, Bitcoin kept going up, which caught a lot of attention.

The rally got even stronger after President Trump said that U.S. tariffs on Chinese goods would “come down substantially.” This made investors feel more positive about the economy, boosting riskier assets — and Bitcoin and the whole crypto market followed, reaching new seven-week highs.
Another reason for the jump was a massive wave of short liquidations — over $540 million in just 24 hours. This happens when traders who bet on lower prices are forced to buy back Bitcoin, pushing the price up even more. It was the biggest liquidation event since November 2024.
At the same time, Bitcoin ETFs (funds that invest in Bitcoin) recorded their strongest inflows since January, showing that large institutional investors are also returning to the market.
Finally, the Crypto Fear & Greed Index moved back into “Greed” territory. Combined with improving economic signals, many indicators now suggest that the market is clearly turning bullish.
Massive Bitcoin Buying Hints at Big Moves Ahead

In April, big Bitcoin holders (whales) were buying heavily, while smaller investors were selling in panic. Exchange outflows hit the highest levels since 2023, showing that whales are moving Bitcoin into long-term storage. When whales are buying and taking coins off exchanges, it usually means they are expecting prices to go higher.
Michael Saylor’s company Strategy announced it bought another 15,355 Bitcoin last week for about $1.42 billion (€1.32 billion)! They now hold a total of 553,555 BTC, worth over $50 billion. . Even more, Michael Saylor hinted they plan to keep buying even more Bitcoin in the coming weeks.
Some analysts say this wave of accumulation is so big that it’s almost like “halving Bitcoin supply” — meaning there’s less and less Bitcoin available for new buyers, which could push prices even higher over time.
Bitcoin Eyeing €100K – Will May Bring a New All-Time High?
Bitcoin is holding strong around €88,000 ($94,000), showing resilience after a healthy correction. In the short term, traders expect volatility this week as important U.S. economic indicators like GDP and PCE inflation data will be released. Depending on the results, Bitcoin might briefly retest €83,000–€85,000 ($88,000–$90,000) to confirm support, but overall momentum remains bullish.

Looking into May, the outlook becomes even more exciting. With inflation slowing and pressure building on the Federal Reserve, analysts expect that the Fed could soon be forced to start cutting interest rates. If that happens, it would add fresh fuel to Bitcoin’s rally and could quickly send the price above €94,000–€96,000 ($100,000–$103,000). Some even believe we could see new all-time highs (ATH) already in May, especially with strong ETF inflows and whales continuing to accumulate.
In the long term, the broader outlook remains very positive. Bitcoin’s independence from the stock market is growing, liquidity is improving, and many analysts are forecasting targets between €170,000 and €200,000 ($180,000–$210,000) over the next 12–18 months. While these are still projections and not guarantees, rising institutional demand and a more supportive monetary environment could set the stage for major new highs ahead.
Ethereum is bouncing back, but one challenge remains
Ethereum is finally showing strength again after being weak for weeks. Its price jumped almost 15% recently, doing even better than Bitcoin and the rest of the crypto market. Thanks to this, Ethereum’s market share, which had fallen to a record low, is now recovering. The rally was helped by big buying activity, short sellers getting squeezed, and fresh excitement from traders, with Ethereum reaching around €1,675 ($1,800).

Many experts now think that the worst might be behind for Ethereum. Especially important is that Ethereum protected a big support area around €1,300 ($1,400). On top of that, there was a huge move of 449,000 ETH into long-term holding wallets in just one day — the highest since 2018 — showing that big investors still believe in Ethereum’s future.
But Ethereum is not completely in the clear yet. It’s now facing an important barrier at around €1,770 ($1,895). If the price can break through this level, there’s a good chance it could keep climbing, with the next goal around €1,975 ($2,100).
Even though some risks remain, Ethereum is clearly looking stronger. Growing network activity, a lot of new buying, and upcoming upgrades are all good signs that could help it move higher soon.
Ljubljana Crowned the World’s Most Crypto-Friendly City
Ljubljana, the capital of Slovenia, has officially been ranked the world’s most crypto-friendly city, ahead of major hubs like Hong Kong, Singapore, and Zurich. According to Multipolitan’s 2025 Crypto Report, Ljubljana scored highest thanks to its strong regulations, low taxes, high crypto ATM presence, and active crypto culture.

Slovenia also leads in crypto wealth, with the average crypto holder owning around €225,000 ($240,500) in assets — the highest in the world. Despite being under the EU’s MiCA regulation, Slovenia’s clear rules and active blockchain scene are helping it attract major crypto projects and global attention.
Ljubljana is now firmly on the map as a rising star in the future of crypto.
With crypto maintaining bullish momentum and the Fear and Greed Index signaling greed, Ethereum finding its footing, and strong signals coming from whale accumulation and global crypto adoption, the next few weeks could be very positive for the market. As important U.S. economic data is released and the possibility of Fed rate cuts grows, May could set the stage for major moves ahead. Stay tuned as the crypto world continues to heat up.