BitcoinBTCOn May 1,,, and gained 3% as the shorts tried to maintain price stability in a brand new month.
After 3% daily gains, Bitcoin puts pressure on shorts
The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView Bitstamp reached a high of $96,955 BTC/USD, the highest level since February 22.
Microsoft, the largest public company in the world with a market value of 10%, grew by 10 percent to reach a Bitcoin price that was approaching six figures.
Daan Crypto trades, a popular investor who reacted to the news, suggested that stock prices could be nearing a sustainable bullish path.
“Stocks trade at a key area here,” he has written in ongoing X analysis.
“I think the general rule is that if stocks do trade back above the .618 Fibonacci retracement after a big drop, the bottom is considered to be in.”
An accompanying chart showed the S&P 500 approaching monthly highs, delivering a V-shaped recovery.
“Even though $BTC has held up better recently, large moves by equities should still influence BTC & Crypto. So watch this zone,” Daan Crypto Trades is now added.
Skew and his fellow traders watched for any signs that could indicate a short-term move.
$BTC
Who is going to win this round?Longs and Shorts pic.twitter.com/4xSu86WzSQ
— Skew Δ (@52kskew) May 1, 2025
Latest data on monitoring resources CoinGlass As of the date this was written, ask liquidity had thickened to approximately $97,000.
Analyst on macro picture: “Short term: bad for gold”
The May opening was optimistic despite macroeconomic forecasts remaining insecure, as fears of recession returned due to poor US GDP figures.
Related: Bitcoin eyes gains as macro data makes US recession 2025 ‘base case’
The Federal Reserve under pressure to cut interest ratesDifferent crypto market commentators predicted a strong comeback for the next few months.
“Bad macroeconomic data came along, through which the pressure on the FED is increasing to start the money printer again,” Crypto trader, analyst and entrepreneur Michaël van de Poppe told X number of followers as part of a posting on the same day.
“Ultimately, good for risk-on assets. Short-term, bad for Gold.”
XAU/USD fell more than 8% from its April highs, and oil was also affected.
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Source: cointelegraph.com
