⏳ Reading Time: 4 minutesAs we do every month, our Senior Portfolio Manager and Head of Research, Roberto Rossignoli, takes stock of the cryptocurrency market. Bitcoin gained momentum in recent weeks as investors looked past geopolitical volatility and doubled down on institutional adoption trends.
April delivered what the crypto market had been waiting for: Bitcoin gained 12% to close the month around $76,300, its best monthly performance since April 2025 and the second consecutive month in the green after five straight declines. Ethereum rose roughly 8% over the same window, also its strongest month since August 2025. Total crypto market capitalisation climbed approximately 10% to $2.7 trillion, extending the recovery that began with the March ceasefire.
In early May, the picture improved. Bitcoin broke cleanly above $80,000 in the first week, touching $82,400, its highest level since late January. By May 11, it opened at $82,164, the strongest opening since January 31. Ethereum traded around $2,370.
Source: Bloomberg
The Macro
