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Home Blockchain

BTC dominance due 'collapse' at 71%: 5 things to know in Bitcoin this week

by DigestWire member
May 5, 2025
in Blockchain, Crypto Market, Cryptocurrency
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BTC dominance due 'collapse' at 71%: 5 things to know in Bitcoin this week
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Bitcoin braces for the Fed interest rate decision with BTC price support in focus — along with the final innings of Bitcoin’s relentless dominance surge.

Bitcoin (BTC) starts the first full week of May with yearly open support in focus ahead of a key US economic policy decision.

BTC price action attempts to hold the yearly open as support after some downside at the weekly close, but bullish perspectives remain intact.

The US Federal Reserve interest rate decision is the key macro event of the week, with Chair Jerome Powell tipped to “move markets.”

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