Bitcoin’s price struggles to break strongly to the north. Ether also slightly disappoints investors.
Is Bitcoin’s price boring investors? There are several reasons
On one hand, in the current reality of the war in the Middle East, these assets should depreciate sharply.
But that is not happening, and bitcoin and ether are even slightly rising. On the other hand, they still remain within a defined range.
However, it should be remembered that technically a bear market is ongoing in the cryptocurrency market. In the background we receive signals suggesting that we are closer to a bull market than many think.
Marek Rogalski, chief analyst at DM BOŚ, points to what is happening in the United States.
The Congress is close to voting on the CLARITY Act, which he himself describes as “another milestone for this market”.
It concerns a law that aims to regulate the blockchain industry in the USA. In the end it should become clear which part of the market is overseen by the SEC and which by the CFTC. Even bulls could buy BTC and ETH today.
He also wonders about the behavior of cryptocurrencies in the age of geopolitical tensions. As the expert indicates, “bitcoin and ether are consistently climbing despite rising tensions in the Middle East”.
“The escalation around Project Freedom could decide the end of the ceasefire in effect since April 8. Will this weekend be hot, or will Trump fear Xi’s reaction – the summit is scheduled for May 14-15?” the analyst wondered.
Project Freedom is the name of an operation whose goal is to take control of the Strait of Hormuz by the USA.
However, it should be added that USA actions in this area were halted, as Trump indicated, at the request of Pakistan and other regional countries. This is therefore another contradictory signal received by investors.
It is still unclear whether Americans will pursue escalation of actions in the Middle East, or the opposite.
See also: Bitcoin’s price fell 50% from ATH. Expert warns. “The real gamechanger” will change BTC/USD direction?
Bitcoin’s price above 80,000 USD. What about ETH?
Bitcoin’s price on Wednesday, May 6 is slightly above 81,300 USD.
The cryptocurrency’s price jumped by 6.7% over the week and 18% over the month. It is currently the most expensive since the end of January 2026.
Cryptocurrencies are, however, dependent not only on geopolitics but also on US monetary policy.
And in this area we may also soon receive positive news. Already in May, the Fed will be headed by Kevin Warsh, who will replace Jerome Powell. He is a known supporter of rate cuts, which is good news for cryptocurrencies.
The lower the rates, the greater the chances of growth.
Not everyone is optimistic, however.
Professor Krzysztof Piech in an interview with FXMAG said he assumes that the “bear market has not yet ended, and the hardest phase may just be coming.”
In his opinion, BTC could fall to around 40,000 USD. It could happen in the summer.
He adds, however, that he does not treat this as a “certainty, but as a still possible pessimistic scenario.”
We wrote more about this in the article: Bitcoin’s price did not pass the test. A drop to 40k USD soon? Prof. Krzysztof Piech: “The bear market has not yet ended, and the hardest phase may just be coming.”
Chart. Bitcoin price (BTC/USD)
Source: Trading Economics
Ethereum’s price reaches 2367 USD. This means that over 7 days the price rose by 3,55%, while over 30 days we talk about a 12-percent increase.
Ether, however, cannot decisively break out of 2400 USD and stay there longer.
Chart. Ethereum price (ETH/USD)
Source: Trading Economics.
See also: Bitcoin’s price awaits a crash of about 25k USD? Expert: “Bitcoin could dive even to around 45k USD”. What next for ETH?
Source: BOSSA.
