After a strong rise in April, Bitcoin heads into a volatile May.

April 2025 has officially come to a close, and it has been another impressive month for Bitcoin. The world’s largest cryptocurrency recorded a +14.53% increase for the month, marking the strongest performance in April since 2021 and a 29.29% increase compared to last year. Although strong, this bullish trend was still slower than the breakout periods seen in April in 2013, 2017, and 2020. Many people believe that the recent news about Trump’s tax proposal played a role in driving part of the bullish trend in April. Now, as the market enters May, investors are raising a big question: Can Bitcoin maintain this bullish momentum?

What History Tells Us About May Looking at the big picture, Q2 2025 has had a strong start. Bitcoin has increased by +14.53% just in April, and so far, Q2 has risen by +26.45% compared to the same period last year — making it the best Q2 since 2021. Historically, May has been a mixed month for Bitcoin. Over the past 15 years, Bitcoin has ended the month in the green 9 times and in the red 6 times. This gives this month a 67% historical chance of closing higher, with an average return for May of +7.94%. What Could Make May More Unstable Than Usual However, this year may be different. Some major events are happening that could make May one of the most volatile months for Bitcoin: Meetings and speeches regarding the policies of the Federal Reserve can change market sentiment. Any mention of the possibility of interest rate cuts — or an unexpected hawkish stance — could quickly impact the price of Bitcoin. The old saying on Wall Street “Sell in May and go away” warns of market weakness during the summer months. However, some cryptocurrency analysts believe that this advice may not hold true for Bitcoin this time, especially as the global money supply continues to increase and many traders are betting on a prolonged bullish trend. A crypto analyst, Kaduna, said that although his original plan was to reduce risk over the next two months, the continued growth of the global money supply has made him rethink that strategy. He believes that selling Bitcoin in May would be a big mistake considering the current market situation. With the upcoming meeting of the Federal Open Market Committee (FOMC) and the prevailing global economic uncertainty, this week could shape the performance of Bitcoin throughout May. Currently, Bitcoin investors are closely watching to see if May will continue the bullish trend — or if volatility will once again disrupt everything.