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Bitcoin Open Interest Hits $74 Billion Amid Price Rally

by admin May 21, 2025

Institutions and macro trends drive activity
Bitcoin rebounds to $106,000 despite intraday dip

The Bitcoin futures market is showing strong signs of activity, with its open interest rising to $74 billion, according to Coinglass data. This jump indicates that an increasing number of traders are positioning themselves for possible price moves in the upward direction.

Their actions are proof of renewed confidence in the leading cryptocurrency. The latest surge to $74 billion, one of the biggest in the past few weeks, indicates strong hedging activity.

Institutions and macro trends drive activity

Among the factors driving this trend is the return of bullish sentiment after recent positive changes in the global macroeconomy, especially expectations of lower interest rates and cooling inflation.

With top financial firms expanding their crypto offerings, growing institutional interest is another factor that could be influencing this trend. Even though higher open interest doesn’t result in a price increase, it shows that more investors are pumping money into the Bitcoin futures markets.

However, a sharp rise in Bitcoin price could trigger massive liquidations and add volatility. Coinglass data also shows a strong relationship between BTC’s price and its open interest.

Bitcoin rebounds to $106,000 despite intraday dip

Current CoinMarketCap data shows that Bitcoin currently trades at $106,616, a rise of 1.11% in the last day. Earlier in the day, the crypto asset’s price dropped to about $104,000 as indicated by the red shaded area. But by midday, it rose back to above $106,000 before reaching its latest price.

Source: CoinMarketCap

Even though BTC’s trading volume is down 17.99% in the past 24 hours, it’s still $54.18 billion. Despite this volume decrease, the crypto asset’s daily volume to market cap ratio of 2.54% shows a relatively healthy liquidity.

The cryptocurrency’s profile score of 100% also suggests strong market sentiment, while the technicals indicate a continued bullish outlook among analysts and traders.

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May 21, 2025 0 comments

NFT Gaming

Bitcoin (BTC) Performs Mind-Blowing Comeback, Dogecoin (DOGE) Is Stuck, Solana (SOL) Can Surprise You With $200

by admin May 21, 2025

Dogecoin getting out
Solana can comeback

Bitcoin has just produced a classic example of market turbulence. After almost falling below the $100,000 mark, which was a sign of a possible trend reversal, Bitcoin made a stunning comeback, soaring back toward $105,000 and sending short sellers reeling. Bitcoin’s chart looked like a minefield for traders with leverage during the last few trading sessions. It turned out to be a classic fakeout, but a brief breakdown below the critical $100,000 level appeared convincing enough to cause widespread liquidations.

The swift recovery that ensued not only disproved the bearish structure but also demonstrated how resilient bulls are in the current market cycle. Overly leveraged volatile markets are characterized by this fakeout; fakeout behavior is a nightmare for anyone who is overexposed. The breakout penalized shorts, who believed they had the upper hand, while the breakdown flushed out longs, taking both long and short traders by surprise.

BTC/USDT Chart by TradingView

Technically, Bitcoin is currently trading just below recent resistance after regaining the local high. As of right now, there is not much evidence of bearish divergence, but momentum indicators are still hot, and the RSI is above 70, which may indicate overbought trading conditions.

The volume level is dropping a little, which could indicate a brief period of exhaustion or simply a cooldown before the next move. If Bitcoin can sustain this momentum and stay above $105,000, it could push toward new heights. The possibility of another trap or whipsaw move, however, is still very high — if it is rejected at this stage once more. Essentially, Bitcoin has once again demonstrated why it is the king of uncertainty.

While the recent rally is impressive, the aftermath of that fakeout serves as a reminder that the market’s goal in the cryptocurrency space is to harm as many traders as possible, particularly those who become arrogant when using leverage.

Dogecoin getting out

With the asset trading sideways and displaying indications of stagnation as volatility fades from the chart, Dogecoin is presently trapped in a frustrating limbo. Following its recent surge above significant resistance levels earlier this month, DOGE has been unable to build on the momentum and has entered a low-energy correction phase that is beginning to negatively impact market sentiment.

The price is circling around $0.22, but what is more worrisome than the price is the lack of movement. There appears to be indecision among traders as the candlestick structure is forming a descending triangle, or wedge. DOGE is still chained in place, but volume has significantly decreased, which usually signals a big move. A short-term neutral-to-bearish stance is suggested by the 26 EMA’s current technical intersection with midterm indicators.

Solana can comeback

Pressure is steadily increasing on Solana, and a surprise breakout could be imminent. With a descending wedge pattern forming just below the crucial $170 resistance level, the asset has entered a consolidation phase following a robust rally in late April and early May. Solana is a strong contender for a volatility-driven move because of this structure and its closeness to the 200 EMA.

NYC’s ‘Bitcoin Mayor’ Eric Adams Reveals Plans to Boost ‘Demonized’ Crypto Industry

by admin May 20, 2025

In brief

Eric Adams announced a new digital assets advisory council for New York City.
Council chair and key policy recommendations will come in a few weeks.
The city will explore using blockchain and crypto for birth certificates, death records, and payment of city services.

In opening remarks at the inaugural NYC Crypto Summit, mayor Eric Adams announced the development of a digital assets advisory council designed to help bring jobs and investment to New York City, as it aims to cement itself as the world’s “crypto capital.”

Adams, who famously received his first three paychecks in Bitcoin and Ethereum back in 2022, addressed a standing-room-only crowd of crypto enthusiasts and investors whom he turned to for ideas on how to propel New York forward.

“My goal remains the same as it was day-one as mayor: making New York City the crypto capital of the globe,” said Adams. “We will be creating a digital asset advisory council to bring big fintech jobs and investment right here to the Big Apple.”

Further details about the council were not revealed, though Adams indicated that the chair of the council and key policy recommendations would be announced in a few weeks.

“This is not about chasing memes or trends,” said Adams. “We want to use the technology of tomorrow to better serve New Yorkers today.”

Few specifics were shared about the mayor’s plans for blockchain and crypto in New York, but both he and New York City CTO Matthew Fraser made note of the potential to use blockchain for tasks like tracking birth certificates and death records.

“We’re also looking at the power of blockchain and how it can be used to manage sensitive information, like our vital records,” said Adams. “Bringing blockchain security capabilities to the city means that birth certificates and death records can remain private, but accessible to New Yorkers and their next of kin.”

He added that they are also exploring whether city services and taxes could be paid via crypto.

“Imagine for those that have been locked out of the traditional banking system, being able to pay for government services using crypto,” said Fraser. “We’re not talking about innovation; we’re talking about survival. And if we don’t get in front of this and we don’t build a strategy that works, then we’re going to get left behind.”

The mayor, who likened himself to Captain Kirk in “Star Trek” due to his exploration of new boundaries, said he’s looking for his “Spock” and others who wish to join him. Adams reiterated multiple times that he is “committed to making crypto and blockchain part of New York City.”

At the conclusion of the opening remarks, individuals with crypto and fintech interests were left to discuss amongst themselves, sharing ideas and impediments with table facilitators who will bring the best to Adams to be formalized in a document.

Adams has previously shared his interest in cryptocurrency and blockchain, but the inaugural NYC Crypto Summit came following the re-election of President Donald Trump, who has made numerous crypto-related policy moves since returning to the White House. The mayor has cozied up to the president and his policies.

Adams will run for re-election as an independent instead of taking part in the Democratic primary, following a federal corruption investigation. Trump’s DOJ dismissed the charges against Adams in April.

On Tuesday, Adams reassured attendees that it’s a new day for the crypto industry.

“You were harassed, you were demonized, you were treated as though you were the enemy, instead of the believers,” he said. “But you withstood it. Your resiliency is admirable, and it will all pay off, because everyone is going to come around.”

Edited by Andrew Hayward

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May 20, 2025 0 comments

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Bitcoin Is Becoming A Key Election Issue In Chile

by admin May 20, 2025

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Bitcoin’s environmental and macro-economic implications have vaulted the cryptocurrency from a niche policy matter into the thick of Chile’s presidential race, with advisers to every major contender treating the asset—and the mining industry that underpins it—as a potential vote-winner rather than a liability.

Bitcoin Emerges As A 2025 Election Issue In Chile

New Zealand-based ClimateTech venture capitalist Daniel Batten told his followers on X that “Bitcoin is shaping as an election issue for Chile in 2025.” He added that after meetings on both sides of the aisle, no serious candidate now opposes the technology, because “being against Bitcoin is like being against the Internet: political suicide.”

Behind Batten’s assessment stands a two-year, largely low-profile lobbying campaign led by Chilean software-engineer-turned-policy-advocate Andrés Villagrán. Since 2023 Villagrán has shepherded US strategist Dennis Porter, chief executive of the Satoshi Action Fund, through committee rooms in Santiago and regional capitals, pitching Bitcoin mining as an antidote to the country’s worsening renewable-energy curtailment problem. In a post on 18 May he reported “Great progress in Chile this week! Met w/ presidential candidates on Bitcoin & its role in clean energy/efficiency. Pushing for inclusion in programs.”

Villagrán’s talking points resonate with legislators drafting a Strategic Bitcoin Reserve (SBR) bill—legislation that would authorise the Central Bank to hold Bitcoin alongside gold and foreign currency. “In 2023 I embarked on an incredible journey… meeting over 20 parliamentarians and several ministers,” he wrote earlier this year, stressing that additional sessions with the Ministry of Finance are planned for the second half of the year.

Porter reinforced the message last week in a 40-minute keynote at the Chile Fintech Forum 2025, calling curtailment “a crisis” that wastes six terawatt-hours of solar and wind annually. “When you combine variable renewable generation with a variable load like Bitcoin mining, you can absolutely and completely eliminate curtailment,” he told the audience, arguing that miners’ ability to power down on demand makes them grid-stabilising rather than parasitic.

⚡️ @Dennis_Porter_ en #ChileFintechForum2025: la minería de Bitcoin puede revolucionar nuestro sistema energético. Envía este video a los políticos y exige que prioricen esto. Llevamos bastante tiempo junto a Dennis informando a Ministerios, Diputados y Senadores de Bitcoin 🚀 pic.twitter.com/UStgKda93e

— Andrés Villagrán 🌳⚡ (@avillagran) May 15, 2025

The political class has taken notice. According to campaign aides with knowledge of the briefings, both José Antonio Kast of the right-wing Republican Party and Evelyn Matthei of the centre-right Chile Vamos coalition—currently tied at 17% in the latest Cadem survey—now frame Bitcoin as a competitiveness issue rather than a speculative bubble. On the left, the Unity for Chile pact has slated a 29 June primary featuring Carolina Tohá, Gonzalo Winter, Jeannette Jara and Jaime Mulet, none of whom has ruled out Bitcoin-linked energy policy.

With opinion polling still volatile six months before the 16 November first round, campaign strategists say the debate could crystallise on 20 June, when the first nationally televised candidates’ forum is expected to devote a segment to energy pricing and digital assets. Villagrán confirms that at least one contender has already pledged on the record to raise Bitcoin mining that night.

Whether the SBR bill advances before the election remains uncertain; the Central Bank’s board has warned of “volatility and liquidity concerns” under IMF reserve-management rules, and President Gabriel Boric’s administration has maintained public neutrality. Yet the political cost–benefit has shifted. As Batten put it, Chilean politicians have “learnt from the Democrats’ debacle in the US” and are determined not to be caught on the wrong side of a technology that many voters now equate with innovation, cheap power and macro-hedging.

If that calculation holds, November’s ballot could mark the first time in Latin America that a major economy heads to the polls with every viable presidential programme containing a chapter on Bitcoin—an outcome that may matter as much to the global energy debate as to the future of digital money.

At press time, BTC traded at $105,385.

BTC continues to consolidate above the 0.786 Fib, 1-day chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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May 20, 2025 0 comments

Crypto Trends

Bitcoin ready to ‘vaporize’ shorts once price discovery above $110K begins

by admin May 20, 2025

Key takeaways:

An end-of-month Bitcoin price close above $102,400 would set the highest monthly close ever, proving the bull market continues at a rapid pace.
Over $3 billion in Bitcoin short positions are vulnerable above $107,000, creating a “liquidation magnet” that could send BTC price to new highs.

Bitcoin (BTC) is 11 days from potentially setting its highest monthly candle close in history. After achieving a record weekly close of $106,407 on May 18, BTC could secure a new monthly high by closing above $102,400 this month.

Bitcoin 1-month chart. Source: Cointelegraph/TradingView

With respect to its current market trend, Bitcoin is inches away from a ‘price discovery’ period, as noted by crypto trader Jelle.

Price discovery in this context refers to the process where buyers and sellers interact at an undefined or non-traded range to determine the market price of an asset.

A break above Bitcoin’s all-time high of $110,000 would initiate a price discovery phase, driving BTC into an uncharted trading range with successive higher highs until market participants establish a new equilibrium between supply and demand.

Cointelegraph reported that Bitcoin is close to confirming a “golden cross” on its daily chart, which has historically preceded 45% to 60% price rallies. Such a move coincides with the probability of BTC hitting new highs this month.

A monthly close near $110,000 would mark a 15% to 17% gain for Bitcoin in May, its strongest May performance since 2019. This would significantly surpass the historical average monthly return of 8% for the month.

Bitcoin historical monthly returns. Source: CoinGlass

Related: Bitcoin is signaling a golden cross — What does it mean for BTC price?

Bitcoin would vaporize ‘shorts’ above $107,000

Bitcoin researcher Axel Adler Jr. has noted a key technical pattern in Bitcoin’s current bull cycle, pointing to three recent instances of “compression”—a period of tightening price ranges—measured by rolling maximum/minimum over 180 days.

The chart indicates that this compression often signals an impending breakout, with historical precedent set by the 2017 rally when Bitcoin surged to $20,000 from $1,000.

Bitcoin 180-day price high and low analysis. Source: X.com

Using Bollinger Bands alongside the price range suggests that volatility is building within the current cycle. The third compression phase in 2025 mirrors the 2017 cycle, where the Bitcoin halving events and supply shocks fueled retail FOMO, driving major price rallies.

From the vantage point of Bitcoin liquidation, over $3 billion in short leveraged positions are at risk of being liquidated if BTC price moves to $110,000 from $105,000. In contrast, it would take a drop to $94,612 to trigger a similar amount in long liquidations. This skew suggests a higher probability of the price pushing upward to chase liquidity on the sell-side rather than dropping lower.

Technical analyst Gert van Lagen noted a similar outlook, stating,

“A liquidation magnet is glowing above $107K, ready to vaporize billions in shorts. First, BTC soared on fear. Next, it’ll rise on liquidations.”Bitcoin liquidity levels. Source: X.com

Related: Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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May 20, 2025 0 comments

Crypto Trends

Bitcoin on Track to Hit $500K as Government Entities Increase MSTR Holdings: Standard Chartered

by admin May 20, 2025

In brief

Bitcoin’s price will reach $500,000 over the next three-and-a-half years, Standard Chartered analyst Geoff Kendrick writes.
In the first quarter, 12 government entities increased their exposure to Strategy.
Strategy holds 576,000 Bitcoin.

Bitcoin’s price remains on track to hit half a million dollars before Donald Trump’s current term ends after government entities increased their indirect exposure to Bitcoin in the first quarter, according to Geoff Kendrick, global head of digital assets research at Standard Chartered,

Whether it was South Korea’s National Pension Service, the Swiss National Bank, or U.S. state retirement funds, government entities’ recent holdings of Strategy—which owns around 576,000 Bitcoin—“was very encouraging,” Kendrick wrote in a note on Tuesday. That group also included Swedish pension funds, a state-owned bank in France, and the Saudi Central Bank.

In the first quarter, 12 government entities increased their exposure to Strategy, holding 31,000 Bitcoin worth of Strategy shares, he added.

Although investors can gain exposure to Bitcoin through spot exchange-traded funds that were approved in the U.S. last year, government entities’ increased Strategy holdings reflect “widening structural demand” for Bitcoin and Strategy’s continued use as a Bitcoin proxy, Kendrick wrote.

“We believe that in some cases, MSTR holdings by government entities reflect a desire to gain Bitcoin exposure where local regulations do not allow direct BTC holdings,” he added.

Analysts at the British multinational bank believe that Bitcoin’s price will reach $500,000 before the end of Trump’s second term ends in early 2029. That target is premised on the understanding that Trump’s administration, through the repeal of SAB 121 and initiatives like his strategic Bitcoin reserve, will improve investors’ access to Bitcoin, while encouraging demand.

Each quarter, institutional investment managers with over $100 million worth of assets under management are required to reveal their holdings through a filing with the Securities and Exchange Commission. Known as a 13F, Kendrick argued that these filings are the best way to test “our thesis that BTC will attract new institutional buyer types as the market matures.”

Within the U.S., state retirement funds for California, New York, North Carolina, and Kentucky upped their Strategy holdings by the equivalent of 1,000 Bitcoin, Kendrick said. Each share in Strategy equates to 0.0018 Bitcoin per diluted share, per Strategy Tracker.

Sovereigns’ exposure to Bitcoin through spot ETFs “was disappointing at first glance,” Kendrick noted, pointing to an overall decline in their direct holdings. The State of Wisconsin Investment Board, which held the equivalent of 3,400 Bitcoin through ETFs, sold all its holdings.

Mubadala Investment Company, the sovereign wealth fund for Abu Dhabi’s government, validated Standard Chartered’s thesis when it started stockpiling Bitcoin last year. In the first quarter, its Bitcoin exposure increased to 5,000 Bitcoin, from 4,700 Bitcoin, not long ago.

Edited by James Rubin

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May 20, 2025 0 comments

Crypto Trends

KULR Boosts Bitcoin Treasury to 800 BTC

by admin May 20, 2025

Energy management firm KULR (KULR) has expanded its bitcoin treasury to more than 800 tokens, with the purchase an additional $9 million worth of BTC.

The latest acquisition — made at an average price of $103,234 each — brings the total amount KULR has spent on the cryptocurrency to $78 million.

This continues the company’s treasury strategy first announced in December last year, under which it committed to holding up to 90% of its surplus cash reserves in bitcoin.

The Houston-based firm, which develops energy storage systems for aerospace and defense, is measuring the success of this pivot using a BTC Yield metric.

That metric tracks the growth in the ratio of bitcoin holdings to the number of shares outstanding, rather than actual dollar returns or revenue. So far in 2025, KULR says that ratio has jumped by 220, according to this morning’s press release.

KULR’s shares are up 3.15% in pre-market trading at $1.3.

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May 20, 2025 0 comments

GameFi Guides

Class Action Lawsuit Filed Against Strategy Over Alleged Bitcoin Misleading

by admin May 20, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On May 16, a class action lawsuit was filed against Michael Saylor’s Strategy (previously MicroStrategy) and its top executives, including President and CEO Phong Le and Chief Financial Officer Andrew Kang.

The plaintiff, Anas Hamza, alleges that the Bitcoin (BTC) proxy firm misrepresented crucial aspects of its Bitcoin investment strategy, potentially violating federal securities laws.

Plaintiff Anas Hamza Sues Strategy

The lawsuit claims that Strategy’s disclosures misled investors regarding material facts about its Bitcoin holdings and corporate strategy. Hamza is bringing this suit on behalf of other shareholders who may have suffered losses due to the company’s alleged misleading communications.

Specifically, the case cites violations of the Securities Exchange Act, which governs the accurate disclosure of information to investors, searching damages for these alleged violations.

Some of the firm’s skeptics, like Bank of America analyst Craig Coben, are worried that the firm’s aggressive approach to Bitcoin accumulation could expose stockholders to a lot of volatility in the market.

The expert has earlier stated that this continued accumulation could turn into a “vicious cycle” if the Bitcoin price collapses. However, Coben highlighted that as long as Strategy can fetch a premium to its net asset value, shareholders will benefit.

Michael Saylor has also previously promised the firm’s investors that the company would be fine even if the cryptocurrency’s value dropped 90% and stayed that low for another four or five years.

Saylor Reveals New Bitcoin Purchases

Despite the legal challenges, Michael Saylor has not publicly commented on the lawsuit. However, he disclosed on Monday further Bitcoin purchases on social media platform X (formerly Twitter), indicating that the company remains committed to its aggressive acquisition strategy.

Through a US Securities and Exchange Commission (SEC) filing, the Bitcoin proxy firm disclosed its acquisition of an additional 7,390 Bitcoin for approximately $764.9 million, purchasing these coins at an average price of $103,498 each.

This brings the company’s total Bitcoin holdings to 576,230 BTC, valued at around $40.18 billion. Saylor further noted that the firm achieved a Bitcoin yield of 16.3% year-to-date (YTD) for 2025.

Since reaching a yearly low of $232 in April, the firm’s stock, MSTR, has also achieved notable gains. It now trades at $410, reflecting a 76% increase that mirrors Bitcoin’s price recovery above the pivotal $100,000 threshold, indicating a resurgence of capital in the market following a challenging end to the first quarter of the year.

The 1D chart shows BTC’s price surge beyond $100,000. Source: BTCUSDT on TradingView.com

Whe writing, BTC trades at $104,860, recording a 23% surge on the monthly time frame, only 3.6% below its all-time high of $109,000 reached last January. Year-to-date, the market’s leading cryptocurrency is up 57%, per CoinGecko data.

Featured image from DALL-E, chart from TradingView.com

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May 20, 2025 0 comments

GameFi Guides

Fidelity, Ark Funds Pull In $343M As Bitcoin ETF Flows Spike

by admin May 20, 2025

In brief

Bitcoin ETFs saw their best day of trading since May 2 on Monday.
Fidelity’s Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF accounted for more than half of inflows into BTC ETFs.
BlackRock’s iShares Bitcoin Trust continues to dominate as the single biggest player in the market, pulling in $305.9 million on Monday.

Bitcoin ETFs have seen their best day of trading since the start of May, with smaller funds enjoying healthy inflows.

Fidelity’s Wise Origin Bitcoin Fund (FBTC), the second-largest spot ETF in the U.S., saw its net assets rise by $188 million in just 24 hours, per data from SoSoValue.

Meanwhile, the ARK 21Shares Bitcoin ETF (ARKB)—in fourth place after the Grayscale Bitcoin Trust—clocked inflows of $155 million, with the two funds between them accounting for more than half of the funds invested across all spot BTC ETFs on Monday.

Total inflows for the day stood at $667.4 million, with Bitcoin trading above $100,000 for 12 consecutive days and securing its highest weekly close in history.

At time of publication, Bitcoin is trading at $105,137, up 2.1% on the day, per data from CoinGecko.

BlackRock’s IBIT dominates flows

As usual, BlackRock’s iShares Bitcoin Trust (IBIT)—which is bigger than Wall Street’s other 11 BTC ETFs combined—took the lion’s share of inflows, pulling in $305.9 million of investment yesterday. That takes IBIT’s total net assets to $66.9 billion, equivalent to about 3.2% of Bitcoin’s market capitalization.

Beyond BTC’s bullish momentum, hedge funds are seeking to capitalize on the difference between Bitcoin’s spot price and long-dated futures, with yields from the basis trade proving attractive.

IBIT’s inflows so far this year stand at $8.3 billion, making it the sixth-most popular fund on Wall Street, according to Bloomberg senior ETF analyst Eric Balchunas. That’s streets ahead of the SDPR Gold Trust in 17th place, despite the precious metal outperforming Bitcoin since the start of the year.

Also notable leaderboard action: $IBIT has climbed up to 6th spot and is now nearly DOUBLE the inflow into $GLD which has slid to 17th, despite gold doubling bitcoin’s performance YTD altho that prob won’t last. pic.twitter.com/HYTfC2SZZP

— Eric Balchunas (@EricBalchunas) May 19, 2025

While gold prices have accelerated by more than 22% so far in 2025—fueled by uncertainty over U.S. President Donald Trump’s tariffs—BTC’s gains currently stand at a more modest 12%.

One notable absence from the Bitcoin ETF space has been Vanguard, which has long regarded crypto as “more of a speculation than an investment” that doesn’t belong in investor portfolios.

Balchunas believes the asset management giant is unlikely to perform a U-turn and launch a fund of its own—but he suggested that Vanguard may allow existing ETFs to be traded on its platform if Bitcoin continues to rise.

Should Bitcoin’s price hit the $150,000-$200,000 price range, he wrote, “they gonna get sick of being asked about it by customers and their new CEO is one of IBIT’s parents.”

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May 20, 2025 0 comments

Best Crypto to Buy as JPMorgan Embraces Bitcoin and Bull Market Returns

Crypto Trends

Best Crypto to Buy as JPMorgan Opens Bitcoin Gate to Clients: $BTC to Rally Soon?

by admin May 20, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin just got a surprising nod – from Jamie Dimon of all people.

That’s right, the CEO of JPMorgan, one of Bitcoin’s loudest critics over the years, now says his bank will allow clients to buy the cryptocurrency.

While JPM won’t hold the coins itself, it’s still a huge symbolic shift. If the biggest Bitcoin hater on Wall Street is giving in, maybe the floodgates really are about to open.

Add to that Fidelity’s recent claim that Bitcoin is ready to carry gold’s ‘baton,’ and things start looking like a crypto fairytale.

Bitcoin is back above six figures, ETFs are climbing again, and whales are quietly waking up. Derivatives open interest has nearly doubled since March, and while things may stay choppy for a while, all signs point to something big on the horizon.

Let’s break down why JPMorgan’s shift matters – and why the best crypto to buy might rally as Bitcoin begins its next run.

Even Jamie Dimon Can’t Ignore Bitcoin Anymore

JPMorgan has been one of the latest big banks to cave. Morgan Stanley and others were already letting wealthy clients dip their toes into digital assets. JPMorgan simply couldn’t afford to sit this out any longer.

So while Dimon still talks trash about crypto, his bank now offers clients access to Bitcoin. The move is symbolic more than anything. If even JPMorgan’s fortress is cracking, the institutional dam might truly be breaking.

Combine that with Fidelity and JPMorgan saying Bitcoin could replace gold, and it’s clear that traditional finance is starting to respect the asset.

Add bullish technical indicators, ETF momentum, and whales increasing activity, and you’ve got a recipe for a rally.

So, what are the best new crypto projects to watch while the market heats up?

1. BTC Bull Token ($BTCBULL) – The Meme Coin That Mirrors the King

BTC Bull Token ($BTCBULL) is what happens when meme coin culture meets real Bitcoin strategy.

Built to track and amplify Bitcoin’s gains, $BTCBULL offers a way for retail investors to ride the Bitcoin wave – with far more upside and fewer entry barriers.

At just $0.00252, and with over $6M already raised in presale, the token is gaining serious traction as the bull market heats up.

But $BTCBULL isn’t just another hype coin. It’s the first meme token that rewards holders with real Bitcoin – not promises, not points, actual $BTC.

Every time Bitcoin crosses a major milestone (like $150K, or $200K), $BTCBULL burns tokens to increase scarcity and sends airdrops – but only to those who bought tokens through Best Wallet and still hold them there.

If you bought $1K worth of $BTCBULL today at the current price of $0.00252, you’d receive around 397K tokens. Stake those tokens at a 15% APY, and by the end of the year, your total would grow to roughly 456,550 tokens.

At today’s price, that would be worth about $1,150 – a nice boost just for holding. But if $BTCBULL reaches its 2025 price prediction of $0.06467, that same stash could be worth over $29.5K.

That’s nearly 30x your original investment, all from getting in early, staking smart, and riding the wave. JPMorgan finally opening the gates to Bitcoin might be the trigger that sends it all soaring.

And you can get in at the earliest stage, before the token is even listed on exchanges.

2. Best Wallet Token ($BEST) – Your All-Access Pass to Crypto’s Next Big Ecosystem

With Bitcoin reclaiming the spotlight and giants like JPMorgan finally giving in to client demand, there’s never been a better time to back the infrastructure that makes crypto usable.

Enter Best Wallet Token ($BEST) – the utility token powering one of the most innovative new wallets in crypto.

While the wallet itself is set to challenge dinosaurs like MetaMask with its sleek interface and powerful multi-chain features, $BEST is the key to unlocking its real value.

At just $0.025055, and with over $12.5M raised in presale, it’s still early – but the roadmap looks built for serious gains.

Buying and holding $BEST gives users real perks: reduced transaction fees, early access to new token launches, higher staking rewards, and bonuses through exclusive iGaming partnerships like free spins, deposit boosts, and lootbox access.

Plus, the ‘Upcoming Tokens’ tool is a game-changer, letting users discover and buy new crypto presales safely from inside the app.

Powered by Fireblocks-grade security, backed by a fast-growing user base, and tied to an ecosystem with real daily utility, $BEST isn’t just a token – it’s your all-access pass to the next wave of Web3 adoption.

If Bitcoin is the new gold, $BEST is the pickaxe.

3. SPX6900 ($SPX) – The Meme Coin That Turns Market Madness Into a Movement

In a crypto world where everyone’s trying to be the next serious protocol, SPX6900 ($SPX) flips the script – and sets it on fire for laughs.

Currently trading at $0.725, this viral meme coin is part absurdist comedy, part internet rebellion, and completely unapologetic.

Source: CoinMarketCap

Think of it as the anti-Wall Street coin with a cult-like following and a mission to satirize everything boring about finance.

But SPX6900 isn’t just memes for meme’s sake. It’s built on community-powered momentum, with a strong visual identity, rapid-fire social media presence, and a core message: take your gains seriously, not yourself.

It’s already carving out its own cultural niche, much like $DOGE and $PEPE did before it – and we all know how that turned out.

There’s no DeFi dashboard or staking farm here. The value is in the hype, and the team behind it knows how to push the right buttons. If you’re looking for logic, look elsewhere. If you’re looking for a ride, hop on.

And with Bitcoin back in six-figure territory and JPMorgan finally giving in to demand, meme coins like SPX6900 are poised to ride the wave of renewed retail interest straight to viral status.

The Market’s Heating Up – Here’s What to Watch Before the Next Big Move

With JPMorgan opening the door, Bitcoin reentering six-figure territory, and whale activity on the rise, the next big move could be closer than people think.

If you’re looking for the best crypto to buy before things really heat up, these three are worth watching.

$BTCBULL is built to mirror the bull run. $BEST is your one-stop wallet for when things explode. And $SPX? It’s here for the memes, and sometimes, that’s all it takes.

Always do your own research (DYOR) before investing in crypto. This article is for informational purposes only and doesn’t constitute financial advice.

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May 20, 2025 0 comments