Bitcoin Leads Modest Crypto Rebound Amid Mixed Signals

Bitcoin has recovered from the previous day’s losses with a gain of 2 percent and is trading at just over $77,000 on Friday morning.

Bitcoin ETFs reported an inflow of $15 million on Thursday

May 1st, a European trading day, is a business day in the US, and stock markets are open there today. Important for investors: After two consecutive quarters of losses, April marked a positive start to the second quarter of 2026 for Bitcoin. Data from Coinglass shows a 12.2 percent increase in the BTC price curve for April.

While this is far from enough to offset the roughly 45 percent losses from the final quarter of 2025 and the first quarter of 2026, it remains a positive sign. Historically, May has been a good month for Bitcoin, averaging a gain of around 7 percent. Bitcoin ETFs also finished April with a net increase of nearly $2 billion in capital. Analysts are now citing the $80,000 mark as a litmus test for a Bitcoin upward trend, while $74,000 is considered a critical point on the downside.

Ethereum approached $2,300 on Friday morning, following a 2% daily gain

Ethereum ETFs experienced a $24 million outflow on the last day of April, but still managed to close the month with an overall gain of $356 million.

The data service DeFiLlama is drawing attention to a record high in April. DeFiLlama counted almost 30 major hacks last month, more than ever before. More than half of the incidents affected the Ethereum ecosystem. The KELP hack, with direct damages of $292 million, was the largest, followed by the DRIFT hack with losses of over $280 million.

Observers cite the use of artificial intelligence as a possible reason for the striking increase in criminal attacks on the decentralized finance (DeFi) sector, which does not bode well for the future.

The day’s winner, as on Thursday, is SKYIAI, with a 26 percent gain and a new all-time high of $0.38. The AI ​​project was recently listed on BitGet, which is likely one reason for SKYIAI’s surge.

The biggest loser of the day is MegaETH, down 22 percent since its stock market debut. However, MEGA is still trading above the $0.99 price set during the pre-sale .

The crypto sentiment barometer has just barely climbed into the “Neutral” range; the new month may bring clarity

In August 2025, EURAU , the first stablecoin “Made in Germany,” was launched. It pegs the euro and complies with MiCA regulations. According to a press release, EURAU is now also coming to the Solana blockchain, where its creators claim to have identified increasing demand for euro-denominated stablecoins.

However, EURAU currently boasts a market capitalization of just under €1.3 million, which pales in comparison to the market leader EURC from Circle, with a market capitalization of around €370 million. The Block-Builders analysis of euro stablecoins clearly demonstrates why such projects cannot even begin to challenge the dominance of the US dollar.

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(Featured image by RDNE Stock Projekt via Pexels)

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