Flipster Crypto Weekly (May 9)

May 9, 2025

Crypto markets shrugged off the Federal Reserve’s decision to hold interest rates steady, instead drawing optimism from improving global trade conditions. While the Fed maintained a cautious stance—citing strong economic growth, low unemployment, and persistent inflation—its decision stood in contrast to recent rate cuts by the People’s Bank of China and the Bank of England, underscoring diverging global monetary policies. Following the announcement, expectations for a U.S. rate cut this year dropped, with odds falling from 75% to 58%.

Meanwhile, a preliminary U.S.—U.K. trade agreement aimed at lowering barriers and boosting cross-sector collaboration lifted investor sentiment. The deal not only reinforces transatlantic ties but also sets the tone for upcoming U.S.–China trade talks, as both sides hint at easing tariff tensions. For traders, these developments may be offering tentative signs of improving sentiment—though much depends on how negotiations and policy paths evolve in the coming weeks and months.

Bitcoin (BTC)

Weekly performance: +6.34%

Year-to-date (YTD) performance: +9.9%

Bitcoin (BTC) closed above $100,000 for the first time since early February. With prices forming higher lows and higher highs while trading above key moving averages, BTC is firmly in an uptrend. Looking ahead, overhead resistance lies at $106,000. If BTC breaks above this level, a new all-time high is likely to follow.

Ethereum (ETH)

Weekly performance: +21.33%

Year-to-date (YTD) performance: -33.04%

After two weeks of range-bound movement, Ethereum (ETH) broke above the $2,000 level during Thursday’s session. The current price action—along with ETH holding above its 50-day moving average (50MA), a key technical indicator highlighted in last week’s Crypto Weekly—indicates building positive momentum for the second-largest cryptocurrency by market capitalization.

Solana (SOL)

Weekly performance: +8.04%

Year-to-date (YTD) performance: -13.91%

Solana (SOL) bounced back strongly on Thursday, following the positive trend seen across the broader crypto market. The rebound came after a short drop below the $147 mark, which had been an important price level for traders. Despite the dip, SOL quickly recovered, showing that trader interest and sentiment remains strong. 

Moo Deng (MOODENG)

Moo Deng (MOODENG) stood out as one of the strongest performers in Thursday’s session, recording a substantial 91% single-day gain. Since reaching its recent low on April 7, the token has climbed more than 270%, reflecting renewed market interest and a sharp reversal in sentiment. The strength of MOODENG’s recovery, especially over a relatively short period, may position it for continued upward movement if broader market conditions remain favorable.  Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with a significant risk of loss due to its high price volatility, and is not suitable for all investors. Please refer to our Terms.