Bitcoin has once again shattered records, reaching a new all-time high of $111,544 during early trading hours on 22nd May 2025
The world’s largest cryptocurrency has surged nearly 50% since April, fueled by growing substantial institutional interest and macroeconomic shifts.
The rally follows a period of volatility earlier in the year, when Bitcoin dipped below $75,000 amid concerns over U.S. trade policies and global economic uncertainty.
However, renewed investor confidence, coupled with ETF inflows and regulatory optimism, has propelled Bitcoin past its previous peak of $109,800 set just a day earlier.
Analysts attribute the surge to weak demand for government bonds, prompting investors to seek alternative assets.
Additionally, corporate treasury allocations into Bitcoin have increased, with public companies now holding 15% of all Bitcoin in circulation.
With Bitcoin’s momentum showing no signs of slowing, experts predict the next psychological milestone could be $120,000.
Bitcoin one-day chart 22nd May 2025
Bitcoin one-day chart 22nd May 2025
As institutional adoption continues to rise, Bitcoin’s role as a hedge against inflation and economic instability is becoming more pronounced.
Will Bitcoin maintain its upward trajectory, or is a correction on the horizon?
A 50% climb in around a month is a substantial increase – it has room to give… and it most likely will.
Bitcoin reaches a new record high, nearing the $100,000 mark as the cryptocurrency rally marches on.
Other altcoins are rallying too, basking in the aftermath of the SEC resignation news.
Gary Gensler, Chair of the Securities and Exchange Commission, will step down on 20th January 2025 (Trumps inauguration day), an announcement made by the SEC on Thursday 21st November 2024, which clears the path for President-elect Donald Trump to appoint a more crypto friendly successor.
During Gensler’s tenure, the SEC engaged in numerous high-profile conflicts with the cryptocurrency industry, including a lawsuit against Grayscale over Bitcoin ETFs – a case Grayscale won, leading to a significant influx of capital into these funds since their inception in January.
The SEC has also pursued legal action against several major digital asset firms concerning their crypto dealings, such as Coinbase, with varying outcomes.
Additionally, the SEC has been in conflict with Tesla CEO Elon Musk, particularly regarding his acquisition of the social media company Twitter, now known as X, for $44 billion in 2022. The commission is currently seeking sanctions against Musk for failing to appear for court-mandated testimony related to this matter.
Under Gensler’s leadership, the SEC has scrutinised Musk’s adherence to a previous settlement that mandated a securities lawyer review certain Tesla-related social media posts before they were published.
Musk, a vocal critic of the SEC who supported Trump’s election campaign with his time and a donation of at least $130 million and campaigned alongside him, is poised to join the incoming administration as a co-leader of the newly proposed Department of Government Efficiency (DOGE).
With Gensler’s impending departure and the upcoming expiration of the terms for two other commissioners, Trump will have the chance to significantly influence the future composition of the SEC.
A green light for crypto investors, but a worry (maybe) for the retail trader long-term?
Bitcoin one-day chart as of 22nd November 2024 (09:49am GMT) – Snapshot
Bitcoin one-day chart as of 22nd November 2024 (09:49am GMT)
Bitcoin one-year chart as of 22nd November 2024 (09:51am GMT) – Snapshot
Bitcoin one-year chart as of 22nd November 2024 (09:51am GMT)
Bitcoin is often likened to a type of digital gold, but Ether is seen more as a native cryptocurrency on the Ethereum blockchain.
It is generally seen as a trade or bet on the growth and of the development of the blockchain and of crypto more widely.
Many of the funds set to launch this week have temporarily waived fees in an attempt to attract buyers.
The Securities and Exchange Commission (SEC) has historically been wary of cryptocurrencies. However, the regulator was defeated in a legal battle last year concerning Bitcoin ETFs, which aided their launch in January 2024.
Given that both Bitcoin and Ether have regulated futures markets, the introduction of ether ETFs was viewed as the industry’s subsequent rational progression.
Bitcoin ETFs have attracted about $17 billion in net inflows since their launch in January 2024.
What is An Ethereum ETF?
An Ethereum ETF, or Ether ETF, is an exchange-traded fund that tracks the price of ether (ETH), the cryptocurrency with the second-highest market capitalization following Bitcoin. Unlike purchasing Ethereum on a cryptocurrency exchange, an Ethereum ETF is bought and sold on traditional stock exchanges.
How an Ethereum ETF works
An Ethereum ETF contains futures contracts linked to Ethereum’s price movements. These contracts enable investors to speculate on Ethereum’s future price without the need to own the cryptocurrency directly.
Investing in an Ethereum ETF offers exposure to Ethereum’s price volatility while eliminating the need to handle wallets or navigate the intricacies of cryptocurrency exchanges. Such ETFs offer traditional investors a practical avenue to engage with the cryptocurrency market, leveraging the conventional environment of stock exchanges.
Ethereum one year price chart as at: 16:10 BST 23rd July 2024 from CoinMarketCAP
Ethereum one year price chart as at: 16:10 BST 23rd July 2024 from CoinMarketCAP
Cryptocurrency Exchange Traded Funds (ETFs) have been issued by three Chinese companies: Bosera Asset Management, China Asset Management and Harvest Global Investments, all on the Hong Kong exchange.
Bitcoin extended its slide on Tuesday 19th March 2024, dropping more than $10,000 from its all-time high last week.
The cryptocurrency went below $63000. Last week it climbed to a record $73679.
The move helped drag other cryptocurrencies lower. Ether lost more than 5% and was recently trading at $3,287.58 after topping $4,000 last week for – a drop some analysts predicted following the network’s *Dencun upgrade. The token tied to Solana fell 8%, Dogecoin lost 7% and XRP slipped 2%.
*Dencun introduces a scaling technology called proto-danksharding. This feature aims to drastically reduce transaction fees on Layer 2 (L2) rollups like Pontem’s SuperLumio, Optimism, and Arbitrum. By efficiently managing large data chunks, *proto-danksharding streamlines transaction processing, particularly for L2 solutions.
*Proto-Danksharding, also known as EIP-4844, is an intermediate step toward achieving a truly scalable Ethereum blockchain. Proto-Danksharding aims to make transactions on Layer 2 as cheap as possible for users and ultimately scale Ethereum to handle over 100,000 transactions per second. It serves as a precursor to full Danksharding.
In summary, Proto-Danksharding paves the way for more efficient and cost-effective Layer 2 solutions, enhancing Ethereum’s scalability and usability.
Bitcoin volatile pullback – profit taking
Bitcoin’s decline started last week when traders began to capitalize on profits following its approximately 70% surge from the beginning of the year to its peak last Wednesday. Data from CryptoQuant indicates a significant increase in investors liquidating their Bitcoin holdings for profit on 12th March 2024.
CoinMarketCap chart demonstrating Bitcoin volatility over 7-day period dropping below $63000
CoinMarketCap chart demonstrating Bitcoin volatility over 7-day perioddropping below $63000
Moreover, the act of securing profits resulted in a surge of long position liquidations for leveraged Bitcoin investments. Centralised exchanges witnessed approximately $122 million in long position liquidations on Monday, as per analysis from Bitcoin exchanges.
The previous week saw nearly $372 million worth of long liquidations over the span of three days.
Bitcoin ETFs
The introduction of spot Bitcoin ETFs in the U.S. earlier this year has significantly contributed to the rally of Bitcoin. This surge began even before the ETFs were officially launched, spurred by the anticipation of their regulatory approval. Concurrently, growing interest from investors and a higher demand for Bitcoin have led to increased leverage and amplified volatility.
Investors and analysts caution that traders ought to proceed with care in March due to the anticipated volatile price movements and a surge in trading volumes, which could result in a deviation from Bitcoin’s sustained upward trend.
Tread with extreme care – or DON’T TREAD AT ALL! Bitcoin is an extremely volatile asset and too unpredictable to trade for my liking.
Bitcoin has been on a remarkable ascent! It soared past the $72,000 mark on Monday 11th March 2024, setting a new all-time record.
This surge is attributed to a growing demand for new spot exchange-traded funds (ETFs), which have been approved for listing in the U.S. by some of the world’s largest financial firms.
The market for these ETFs is expected to reach $62 billion in the next two or three years. The cryptocurrency keeps surprising everyone with its value, which has grown to an amazing $1.42 trillion and is still rising… again!
Bitcoin moved off its all-time record shortly after achieving it.
Bitcoin climbed to touch $49,000 after the SEC recently gave the go ahead for the Bitcoin ETF. The last time I checked it was at $39,000 (23rd January 2024). Oh, dear me – the dramatic pain of volatility.
Bitcoin volatility has increased after the launch of the first spot Bitcoin ETFs in the United States. The price of Bitcoin (BTC) rocked wildly, reaching a high of $49,000 and a low of $46,000 in just hours of trading.
Liquidation
This caused liquidations of millions in the Bitcoin market. Some analysts predict that the ETFs will bring more institutional investors and liquidity to the Bitcoin market, while others warn of the risks and challenges of the new investment vehicle.
Bitcoin ETFs are funds that track the price of Bitcoin and trade on stock exchanges, allowing investors to gain exposure to Bitcoin without buying or storing it directly.
Bitcoin chart – 3 months 24th January 2024 at 15:26
Bitcoin chart – 3 months 24th January 2024 at 15:26
