The Crypto Market Is Back in Bullish Territory, With Bitcoin Leading the Way

As BTC price soars past $90,000 for the first time in weeks, institutional interest is growing and retail sentiment is turning positive.

The crypto market is back in bullish territory, with Bitcoin leading the way and several altcoins catching serious upside traction. As BTC price soars past $90,000 for the first time in weeks, institutional interest is growing and retail sentiment is turning positive.

Among the top performers are SUI, SHIB, and ETH—each powered by its own unique catalyst. In this article, we'll take a look at the latest crypto news, major regulatory developments, and an in-depth analysis of these three standout tokens.

Bitcoin Surges Past $90,000 as Institutional Demand Rises

After trading sideways for several weeks, Bitcoin finally crossed the $90,000 threshold—a milestone that had traders eagerly awaiting throughout April.

This surge is being driven by a confluence of factors:

* Renewed institutional demand, with large firms continuing to accumulate BTC throughout March and April.

* ETF (exchange-traded fund) inflows into Bitcoin remaining strong despite earlier setbacks and rumors of a potential shutdown.

* Macro factors, such as easing inflation concerns and a weakening U.S. dollar, are helping BTC decouple further from traditional markets. This move is encouraging more traders to allocate capital to crypto, especially as traditional assets aren't performing as well.

This development positions Bitcoin for a potential retest of its all-time high and could open the door for further growth in altcoins as well.

Trump Media & Technology Group May Launch MAGA-Themed Crypto ETFs

In a move that underscores the increasing mainstream appeal of crypto, Trump Media & Technology Group (TMTG) is reportedly exploring the launch of MAGA-themed crypto ETFs, according to The Block.

The report says that TMTG is working with the law firm Davis Polk to identify and overcome any legal hurdles to launching the ETFs, which could offer exposure to Bitcoin, Ethereum, or other cryptocurrencies.

The initiative signifies the convergence of political and financial domains, driven by the burgeoning interest in crypto among diverse audiences.

Paul Atkins Appointed as New SEC Chair Amid Growing Regulatory Scrutiny

The U.S. Senate has confirmed the appointment of Paul Atkins as the new chair of the Securities and Exchange Commission (SEC), replacing Gary Gensler, reports CoinDesk.

Atkins, a Republican known for his more crypto-friendly stance compared to Gensler's, is expected to bring a fresh perspective to the agency's handling of the digital asset industry.

His appointment comes amid a period of heightened regulatory scrutiny over crypto, with the SEC engaging in legal battles with major crypto exchanges and issuing warnings against unregistered offerings.

Celsius Founder Alex Mashinsky to Be Sentenced for Role in Crypto Platform's Collapse

Former Celsius Network founder Alex Mashinsky will be sentenced on May 8 for his role in the collapse of the crypto platform, reports Bloomberg.

Mashinsky pleaded guilty in March to a single count of conspiracy to defraud investors in connection with misleading statements about Celsius's investment strategy and financial health.

The case is part of a broader effort to clean up the crypto space and hold bad actors accountable for their actions.

Argentina President Javier Milei Faces Backlash After $LIBRA Meme Coin Crashes

President Javier Milei of Argentina is facing criticism following the collapse of the $LIBRA meme coin, which he had openly supported, reports Blockware.

The token, which crashed rapidly, wiping out nearly $250 million in market value, is causing a setback for Milei's economic plans.

The backlash could have implications for global policy discussions regarding political figures' endorsements of specific tokens, especially during turbulent economic times.

Germany's Deutsche Börse to Offer Bitcoin and Ethereum Custody Services

Deutsche Börse’s Clearstream division will begin offering custody services for Bitcoin and Ethereum to institutional clients in Europe, according to a report by Financial News.

The move, which follows a pilot program launched earlier this year, marks a significant step toward facilitating large-scale institutional adoption of crypto in the region.

The custody services will be available in several European jurisdictions, expanding the options available to institutional investors seeking to invest in crypto while ensuring compliance with local regulations.

Top 3 Performing Altcoins This Week

1. SUI: The DeFi Underdog Goes Mainstream

Current Price: ~$2.45

Weekly Gain: +12%

What's Driving It: SUI has seen an explosion in Total Value Locked (TVL), now surpassing $2 billion. Its rapid DeFi adoption and upcoming integrations across gaming and NFTs are attracting more users.

Outlook: Price projections suggest a target of $8.32 by May 2025, presenting a 240% upside. The narrative of SUI as a scalable Ethereum alternative is gaining traction, especially in Asia.

2. SHIB: The Meme Coin That's Stabilizing