In the crypto market report covering the week of May 5- 12 prepared by the ICRYPEX Research team, we have compiled current developments regarding crypto assets, price movements of crypto assets and macroeconomics.
You can take a look at the general flow of this report immediately below and reach all the developments that took place in the 7-day period from Weekly Crypto Market Reports: May 5- 12, 2025.
May 5 Weekly Crypto Market Report Overview
Last week, global markets closely monitored key economic data releases and central bank decisions. In the U.S., the services PMI came in below expectations but remained above the 50 threshold, signaling resilience in the sector. The ISM Non-Manufacturing PMI exceeded forecasts, providing limited support to the dollar. As expected, the Federal Reserve kept interest rates unchanged at 4.50%, while Chair Powell’s comments offered no clear timeline for potential rate cuts. Meanwhile, the Bank of England lowered its policy rate by 25 basis points to 4.25%, amplifying concerns over a slowing economy. A data discrepancy in U.S. jobless claims during the week also raised questions about data reliability in the market.
This week, the focus shifts to a dense economic calendar and critical speeches from central bank officials. On Tuesday, all eyes will be on U.S. inflation figures—particularly the expected 0.3% monthly increase in core CPI, which could shape the Fed’s policy outlook. Germany’s CPI and U.S. crude oil inventory data, both due Wednesday, will also be important for inflation expectations. Thursday is packed with high-impact releases including U.K. Q1 GDP, U.S. retail sales, PPI, jobless claims, and the Philadelphia Fed Index. Powell’s speech later in the day could further influence market volatility. The week wraps up with Japan’s GDP release early Friday, where a negative print could increase pressure on the Bank of Japan to adjust its policy stance. Collectively, these developments may lead markets to reassess the timing and scope of potential rate cuts.
In the crypto space, the week was equally eventful. Crypto venture funding reached $4.9 billion in Q1 2025—the highest since late 2022. Ethereum stood out with a 20% surge following the major Pectra upgrade. The SEC delayed its decision on the spot Litecoin ETF application, while Bitwise filed for a spot NEAR ETF. In a long-awaited development, Ripple and the SEC settled their legal dispute, with Ripple agreeing to pay $50 million. Meanwhile, a stablecoin regulation bill failed to advance in the U.S. Senate, and some states moved toward recognizing Bitcoin as a public asset. These trends highlight a pivotal moment of transition for both traditional finance and digital asset markets as they head into a week full of potential catalysts.
Those who want to get more comprehensive information about the week covering May 5- 12 can review Weekly Crypto Market Reports: May 5- 12, 2025.
