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Historic

Bitcoin Deposit Activity Drops To Historic Low As ETFs And Long-Term Holding Gain Ground

by admin June 25, 2025

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As Bitcoin (BTC) continues to hold above the psychologically important $100,000 price level, a “true paradigm shift” is emerging among investors. Notably, exchange deposit activity is declining, signalling growing confidence in BTC as a reliable store of value.

Bitcoin Deposit Address Activity Plunges To Historic Lows

According to a recent CryptoQuant Quicktake post by on-chain contributor Darkfost, there has been a noticeable shift in the number of BTC wallet addresses depositing to exchanges since the 2021 bull cycle.

The analyst shared the following chart to support their analysis. It shows a steady increase in the number of addresses depositing BTC on exchanges between 2015 and 2021, peaking at an annual average of approximately 180,000.

Bitcoin exchange depositing addresses have declined following the 2021 cycle | Source: CryptoQuant

However, this trend has sharply reversed since then and has shown no signs of recovery. Notably, the 10-year average for the number of addresses depositing BTC to exchanges currently sits around 90,000.

Shorter-term metrics reinforce this decline. The 30-day moving average (MA) is hovering around 48,000, while the daily figure has dropped to just 37,000. This drastic behavioral shift among investors can be attributed to two key factors.

First, the emergence of BTC exchange-traded funds (ETFs) has redirected a significant portion of demand away from spot exchanges. ETFs allow exposure to Bitcoin’s price performance without the complexity or risk of self-custody.

Second, retail participation has been relatively subdued in the current market cycle, naturally reducing the number of active deposit addresses.The analyst noted:

More investors, and now even companies, are adopting a long-term vision for BTC, choosing to hold it as savings or treasury reserves rather than actively trading it.

Is BTC Preparing For A New High?

As the number of addresses depositing BTC to exchanges continues to decline, several indicators point toward the potential for a new all-time high (ATH). Recent analysis by crypto analyst CryptoGoos suggests that short-term sellers are “getting exhausted,” implying that selling pressure may ease soon.

Similarly, the Bitcoin Rainbow Chart – a long-term valuation model used to identify overvaluation and undervaluation zones – recently flashed a “buy” signal. Although, the wider market demand remains weak.

Macroeconomic conditions are also turning favorable. An increase in the global M2 money supply is expected to benefit risk-on assets like Bitcoin. Some experts now predict BTC could rise as high as $150,000 as liquidity expands.

That said, not all signs are bullish. Miner-to-exchange transfers have recently spiked to historic highs, potentially signalling increased selling pressure from BTC miners. At press time, BTC is trading at $105,141, up 2.6% in the past 24 hours.

Bitcoin trades at $105,141 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com

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June 25, 2025 0 comments

Gaming Gear

This 75-Inch Toshiba 4K Smart TV’s Price Kept Falling and Has Now Hit a Historic Low, Could Spike Again Soon

by admin June 24, 2025

A good TV is a must-have for a lot of us. Whether it’s because you like gathering around it in the evening to watch TV shows, chilling out at the weekend with a run of great films, or just because you want something to play games on, a high-spec TV is important. It’s not cheap to get one that can do it all though, but good deals come around here and there.

See at Amazon

One such deal is available on the 75-inch Toshiba, C350 4K Smart Fire TV, which would normally cost you $650, but thanks to a 38% discount, it is down to $400 right now. That’s one heck of a discount, but it’s worth noting that there’s no way of knowing how long it’ll last. So, if you do decide you need this TV in your life, make sure you act quickly.

A Good Time At Home

Let’s kick things off here with the screen itself. The 75-inch 4K LED screen is boosted substantially by the Regza Engine 4K, which basically means that you’re getting a higher-quality picture at all times thanks to improved processing. It has both Dolby Vision HDR and HDR10 as well, which means that you’ll be getting closer to that full cinema experience with a stronger mix of colors and more depths to the darkness on screen. That’s important when you’re watching something that’s a little bit brooding in its execution.

It’s also got a bezel-less design, which means that you got more screen on your screen as the outskirts of it aren’t take up by pesky bits of unusable TV. It helps make things more immersive, and thats huge if you like really losing yourself in what you’re doing. The automatic color remaster means that it can also boost older shows and films to look more modern, and helps have everything feeling more natural.

When you then throw in the low-latency game mode on top of all of that, you’ve got a TV that can do basically everything you could possibly want it to, and one that can keep every member of your family or household happy, no matter how they use it. Just make sure that you’re quick to pounce on this one if you do decide you want it, because the chance to save $250 and get this for just $400 isn’t one you’ll want to miss out on. You’d kick yourself if you decided to buy it just a day too late and missed the discount.

See at Amazon

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June 24, 2025 0 comments

NFT Gaming

Ethereum Historic Rally Brewing: New All-Time High Within Reach In 2025

by admin June 20, 2025

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

As Thursday drew to a close, Ethereum appears to be slowly regaining strength as the second-largest digital asset stabilizes above the $2,500 level once again. With predictions about an impending major rally swelling in the community, this gradual recovery might be setting the stage for the anticipated bullish move.

A Record-Breaking Surge For Ethereum Building

Ethereum has begun to witness bullish movements once again after a period of robust volatility that capped previous upside attempts. Meanwhile, Batman, a crypto expert and trader, highlighted that ETH is currently positioned in a critical area that could lead to a massive rally in the upcoming days.

With the ongoing positive action maturing, Batman’s analysis suggests that ETH seems to be subtly preparing for a potential historic breakout in 2025. This impending move is likely to push the altcoin toward new all-time highs.

Analyzing ETH’s price action on the 4-hour time frame chart, Batman stated that the asset has been trapped in this dull range for what seems like forever. However, the expert claims that such a development typically marks the beginning of big moves.

According to the expert, the market is only a solid catalyst away, and Ethereum may break past the $4,000 price level with a swift rally. Furthermore, its move above the key level would spark a continued and sharp surge that could reshape its price peak.

ETH eyes major blast off | Source: Batman on X

When the anticipated upswing occurs, Batman is confident that ETH will rally hard to the $6,000 and $8,000 price range this year, marking a new all-time high for the altcoin. Considering the potential upward move, the expert claims that the ongoing volatility is the calm before the storm.

In the 12-hour time frame, Batman reveals that ETH has just created a golden cross on its Stochastic. It is important to note that a golden cross is a key technical move that indicates a possible shift from a bearish to a bullish trend.

Batman asserted that this golden cross has often marked a local bottom. Even though past reversals ignited by the crossover were small and short-lived, each big move majorly begins with a little step. Thus, the expert believes this critical move might be the start of something bigger, like a rally to a new all-time high.

ETH’s Current Phase To Precede A Large Move

As ETH battles for an upward trajectory, Daan Crypto Trades, a technical expert and investor, noted that the altcoin is in a zone that could be pivotal. Daan Crypto Trades stated that ETH keeps trading in this extremely narrow range as wicks on both sides are being absorbed.

When one side does give way, this type of compression usually results in a big motion. However, once that move kicks in, it typically does not stop anytime soon either.

Thus far, Daan Crypto Trades has urged traders to watch for a higher time frame close above or below this current range for confirmation of the trend. This is because Ethereum’s move above or below the range would determine the altcoin’s next direction.

ETH trading at $2,562 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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June 20, 2025 0 comments

GameFi Guides

Coinbase’s Top Lawyer Reacts to Historic Stablecoin Bill: Details

by admin June 17, 2025

GENIUS Act, a key piece of U.S. stablecoin regulation that gives a head start to U.S.-regulated issuers, is advancing in the Senate. The news sparked widespread reaction across the crypto industry, with Coinbase’s Chief Legal Officer, Paul Grewal, calling it a watershed moment.

In a recent tweet, Grewal shared his surprise and optimism over the milestone: “Today we are going to see the United States Senate pass major crypto legislation with bipartisan support. A year ago I would’ve thought this at best was a fever dream. Think for a moment on how far we’ve come.”

Today we are going to see the United States Senate pass major crypto legislation with bipartisan support. A year ago I would’ve thought this at best was a fever dream. Think for a moment on how far we’ve come.

— paulgrewal.eth (@iampaulgrewal) June 17, 2025

The crypto community also shares this optimism. Prominent Cardano supporter Rick McCracken commented similarly: “We have made so much progress the past couple of years in the crypto space. Very happy to see elected representatives are actually excited to pass pro-digital asset legislation.”

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This reflects broader sentiment among crypto holders, who have long demanded clear regulatory frameworks that encourage innovation while protecting investors.

GENIUS Act

The GENIUS Act, or the Guiding and Establishing National Innovation for U.S. Stablecoins Act, aims to reintroduce stablecoin innovation to the country. It requires federal regulation for stablecoins with a market capitalization of more than $10 billion, with the potential for state regulation if it aligns with federal rules.

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The bill treats stablecoins as digital cash, intending to drive wider mainstream use for payments beyond their use as a settlement currency for digital assets.

Bernstein predicts that after the act is passed, “Stablecoins will evolve from the money rail of crypto to the money rail of the internet.”

The Senate will hold its final passage vote on the GENIUS stablecoin at 4:30 p.m. ET, marking the final vote before the legislation moves to the House.

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June 17, 2025 0 comments

Esports

Inside Gage Wood’s historic no-hitter for Arkansas at the MCWS

by admin June 17, 2025

Elizabeth MerrillJun 16, 2025, 10:04 PM ET
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OMAHA, Neb. — Following the superstition of thousands of baseball players before them, the Arkansas Razorbacks didn’t dare utter the words “no-hitter” or “perfect game” in the dugout Monday afternoon as Gage Wood mowed through Murray State’s lineup at the Men’s College World Series.

Catcher Ryder Helfrick had a feeling something special was brewing by the fourth inning, but he kept quiet. Skipper Dave Van Horn was mum, too.

“I’ll be the first to say there was nothing being talked about or said in our dugout,” Van Horn said. “We were just going to let him roll.”

Everybody did their part until the end of the eighth inning, when 11-year-old batboy Gage Goodwin, whom the players call G-baby, slipped.

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“Is Gage going out for the no-no?” asked the son of Clay Goodwin, Arkansas’ director of baseball operations.

It didn’t matter, though.

Wood, a 6-foot, 205-pound right-hander struck out the last three batters, breaking a MCWS record with 19. He became the first player to throw a no-hitter in the MCWS in 65 years. He actually had a perfect game going until the eighth inning when his breaking ball hit Dom Decker in the foot.

Wood’s 119th and final pitch was clocked at 97 mph, and he ran his fingers through the letters over his chest, emphatically saying, “Arkansas” as the Razorbacks beat Murray State 3-0 in their first elimination game in Omaha. To put his 19-strikeout feat in perspective, no pitcher has ever had more than 17 strikeouts in an MLB no-hitter, according to ESPN Research. Max Scherzer and Nolan Ryan are the only ones to reach 17.

Earlier this year, Wood missed seven weeks of the season because of a shoulder injury. It was the only time Helfrick had seen him down. And the most pitches Wood had thrown in 2025 before Monday was 91 a couple of weeks ago in the Fayetteville Regional final against Creighton.

Razorbacks pitching coach Matt Hobbs, who reassured Wood during his rehab that he would be back to help the team win ballgames, said Monday that with the season on the line in an elimination game, there was “never a discussion” about who was going to start.

Hobbs did, however, attempt to have a discussion with Wood in the eighth inning about how he was doing and whether he could go on.

“He looked like he was about to kill me,” Hobbs said, laughing. “I just walked away.”

There was no way he was taking Wood out anyway — at least not while he had the no-hitter going strong. Wood, Hobbs said, was riding adrenaline those final two innings.

Gage Wood celebrates with Ryder Helfrick after throwing the third no-hitter in MCWS history. Steven Branscombe-Imagn Images

Both Hobbs and Helfrick, who called 118 of the pitches — Hobbs called one fastball — had a good feeling about Wood on Monday. Hobbs normally has to press his catcher to give an opinion on his pregame thoughts, but Monday he was firm. All of Wood’s pitches looked good, Helfrick told him.

Wood struck out seven straight batters from the third to the fifth inning, and the Razorbacks were on their way. Wood said he didn’t start thinking about the no-hitter until the eighth. That didn’t surprise his catcher.

“I don’t know what’s going through that head of his,” Helfrick said. “He’s a character. That’s Gage Wood.”

After Wood threw his final pitch and celebrated, he found Murray State infielder Conner Cunningham and wrapped him in a hug. Cunningham and Wood hail from Batesville, Arkansas, a roughly 3-hour and 45-minute drive from Fayetteville, and in the offseason they play catch and work out together.

“He stands in on bullpens, gives me feedback,” Wood said. “When I’m home — there’s not much in Batesville, if y’all don’t know that. I think there’s 10, 11 thousand people there. So, there’s no nice place for me to go throw on a Trackman with these other college guys. It’s me and him.

“He helps a lot when I’m home. So I wanted to go tell him that I loved him.”

Wood told Cunningham, a freshman, that he was proud he made it this far.

After throwing a no-hitter, Arkansas SP Gage Wood made to tip his cap to Murray State’s Conner Cunningham 🤝 pic.twitter.com/AT5sHHhwZf

— SportsCenter (@SportsCenter) June 16, 2025

Wood is expected to be a high pick in next month’s MLB draft, but on Monday, he cherished his time on the mound and the opportunity to compete with the Razorbacks again Tuesday against the loser of the UCLA-LSU game in yet another elimination game. Hobbs said the team doesn’t pick captains but that Wood is considered one. He said the pitcher could’ve checked out after his injury earlier in the season and instead focused on the draft.

On the biggest stage of his career, Wood delivered one emphatic message: He’s not going anywhere yet.

“Obviously in that moment to do that,” Hobbs said, “I don’t think we’re ever going to see anything like that again. That’s by far the greatest performance I’ve ever seen. You take into scope that it’s an elimination game and it’s a kid who’s been through a lot this season, whether it’s injury or just coming back from that and to do that on this stage, what a great performance.”

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June 17, 2025 0 comments

Crypto Trends

Bitcoin Sell-Off Warning? Miner-To-Exchange Transfers Hit Historic Highs

by admin June 7, 2025

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

Bitcoin (BTC) experienced a mild sell-off yesterday, hitting a daily low of $100,372 on Binance crypto exchange. However, recent on-chain data suggests the price slump may persist, as BTC miners continue transferring coins to exchanges at unprecedented levels.

Bitcoin Miners-To-Exchange Transfers Hit Record High

According to a recent CryptoQuant Quicktake post by contributor CryptoOnchain, the total realized inflow from Bitcoin miners to exchanges has surged to historic highs. This spike likely contributed to the recent price tumble from the mid-$100,000 range.

For the uninitiated, Bitcoin miners’ total realized inflow to exchanges measures the actual amount of BTC that miners have transferred from their wallets to cryptocurrency exchanges. A sharp rise in this metric typically signals that miners are selling more of their holdings, which can increase supply in the market and potentially drive prices down.

CryptoOnchain shared the following chart showing miners’ inflows surpassing $1 billion per day between May 19 and May 28, 2025. If this trend continues, BTC could face a deeper correction, potentially falling into the low $90,000 range.

Source: CryptoQuant

A similar trend was observed earlier this year in January when BTC was in the midst of a historical rally, creating multiple new all-time highs (ATH) in quick succession. At the time, BTC miners offloaded close to 140,000 coins for roughly $13.72 billion.

Meanwhile, seasoned crypto analyst Ali Martinez pointed out another bearish signal. In an X post, he noted that the Bitcoin Market Value to Realized Value (MVRV) ratio has fallen below its 200-day simple moving average (SMA) – a sign that may lead to further selling pressure.

Source: ali_charts on X

When the MVRV ratio falls below its 200-day SMA, it suggests that the average market participant is holding Bitcoin at a loss or near break-even. This often indicates bearish sentiment or undervaluation, which can trigger further selling among small investors.

BTC Holders Cautiously Optimistic

Adding to the rising uncertainty, yesterday’s public feud between US President Donald Trump and Elon Musk further dampened market sentiment. Some analysts now predict BTC could fall as low as $96,000.

Fellow crypto analyst Anup Ziddi made a similar bearish forecast. The analyst recently stated that as long as BTC remains below $107,000, its chances of further crashes will remain elevated.

That said, there are still reasons for cautious optimism. Recent on-chain data shows that new Bitcoin whales are aggressively accumulating the asset, reinforcing the potential for a future supply squeeze. At press time, BTC is trading at $104,963, up 0.2% in the past 24 hours.

BTC trades at $104,963 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant, X, and TradingView.com

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June 7, 2025 0 comments

NFT Gaming

A New Era For Circle: CEO Jeremy Allaire Celebrates Historic IPO

by admin June 6, 2025

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Circle, the issuer of the USDC stablecoin, made a highly anticipated entrance onto the public market on Thursday, with its stock (CRCL) skyrocketing as much as 200% during trading.

The shares opened at approximately $69 and closed at $83.23, marking a remarkable 168% increase from the initial public offering (IPO) price of $31. The volatility was so pronounced that trading was halted multiple times throughout the day.

Circle’s Market Cap Surpasses $16 Billion Following Stellar Debut

By the end of the session, Circle’s market capitalization exceeded $16 billion, positioning the company as a major player in the cryptocurrency sector. The surge in stock value comes as Circle continues to assert itself as the second-largest stablecoin issuer, trailing only Tether, which boasts around $150 billion in circulation.

Circle’s success is underpinned by its USDC stablecoin, which is dollar-backed and had approximately $60 billion in circulation at the end of the first quarter. The company reported a substantial revenue increase, totaling $578.6 million in the first three months of the year—a 58.5% rise compared to the previous year.

Much of its revenue stems from “reserve income,” which includes earnings on cash held in banks or invested in Treasury bills. Additionally, Circle reported an adjusted Earnings Before Interest, Taxes, and Amortization (EBITA) of $122.4 million for the same quarter.

CEO Hails Transformation Amid Cryptocurrency Revival

The company previously attempted to go public via a special purpose acquisition company (SPAC) in 2021 but ultimately abandoned those plans a year later.

Now, with the cryptocurrency markets experiencing a revitalization—partly fueled by the political landscape and rising Bitcoin prices—Circle’s IPO has arrived at a propitious time.

CEO Jeremy Allaire celebrated the company’s milestone on social media, expressing pride in Circle’s transformation into a public entity. “Twelve years ago, we set out to build a company that could help remake the global economic system,” he stated, emphasizing the mission to enhance global prosperity through seamless value exchange.

Allaire also highlighted the commitment to transparency, compliance, and governance, which align with the high standards set by the New York Stock Exchange and the US Securities and Exchange Commission (SEC). Allaire concluded by stating:

To every single person, project and firm who’s been part of this journey, thank you. I am humbled and deeply grateful. This is not only a moment for each of us personally, I believe it’s a significant moment in the future development of our global economic system as it inexorably synthesizes with the internet.

The 1D chart shows the total crypto market cap drop. Source: TOTAL on TradingView.com

Despite Circle’s success, which is also a milestone for the broader cryptocurrency market, the digital asset market capitalization fell from $3.30 trillion to $3.12 trillion on Thursday.

Bitcoin (BTC) and Ethereum (ETH), saw declines of 3% and 7% respectively, showcasing the current state of the market after a major uptrend over the past two weeks.

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

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June 6, 2025 0 comments

GameFi Guides

Bitcoin Flashes Historic Bull Market Golden Cross To Trigger ‘Flash Sale’

by admin May 27, 2025

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

Bitcoin (BTC), the world’s largest cryptocurrency, has just triggered a rare and historic Golden Cross, signaling the start of another major bull run. This technical formation has mostly preceded explosive price surges in the past. Surprisingly, the market is expected to respond with a sharp but short-term pullback, with a crypto analyst calling for a flash sale.

Golden Cross Sets Stage For Bitcoin Flash Sale

According to a new analysis posted on X (formerly Twitter) by market expert Kyle Chasse, a Golden Cross pattern has emerged on the Bitcoin price chart. Historically, this technical signal has marked the beginning of some of Bitcoin’s most dramatic and sustained bull rallies. However, Chasse warns that this particular Golden Cross could trigger a short-term BTC flash sale before the real rally begins.

The analyst revealed that in 2016, a Golden Cross preceded a 139% climb in the BTC price. Similarly, the same pattern appeared in the 2017 bull market, triggering an unprecedented 2,200% explosion that defined one of the most powerful BTC rallies.

In 2020, Bitcoin also surged over 1,190% after a Golden Cross emerged, fueling a rise to its former ATH of around $69,000. Now, with the flagship cryptocurrency hovering in the six-figure territory, Chasse suggests that the current Golden Cross may not follow the familiar script of past bull markets.

Rather than an explosive surge, the analyst predicts a 10-15% short-term price dip following the Golden Cross. This pullback is anticipated to precede a new rally targeting the $98,000 – $101,000 range, which the analyst describes as a reload zone where buyers can position themselves before the final blastoff to $320,000.

Most importantly, this brief price correction isn’t seen as a sign of weakness but as a strategic buying opportunity — a “flash sale” on Bitcoin. That said, Chasse’s analysis also cautions traders and investors to stay vigilant.

During Bitcoin-led corrections, alternative cryptocurrencies tend to suffer more severe declines. As a result, the market analyst expects altcoins to shed 30-40% of their value in the coming dip.

Analyst Sets $160,000 Bitcoin Price Target By Q4

Bitcoin has climbed above $110,000 again, signaling a potential shift into the most aggressive phase of the current bull cycle. According to crypto analyst Cas Abbe, this move places the market in a key historical price zone that previously marked the beginning of BTC’s parabolic rallies in 2013, 2017, and 2021.

Abbe’s macro analysis chart compares Bitcoin’s past market cycles, suggesting that the current structure is closely mirroring those of previous bull runs. With the flagship cryptocurrency now reclaiming a strong position above $110,000, the analyst predicts that Bitcoin will soon enter a price discovery mode where parabolic rallies happen.

Source: Cas Abbe on X

Forecasts are now pointing to a potential move toward $130,000 by July, followed by a climb to $160,000 by the fourth quarter of 2025. The analyst has even projected a potential price peak of $230,000.

BTC trading at $109,680 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 27, 2025 0 comments

Crypto Trends

Bitcoin (BTC) Price Drops, but Historic Support Offers Hope

by admin May 25, 2025

Bitcoin, the first and largest cryptocurrency, is trading lower early Saturday. At the time of writing, Bitcoin was down 2.38% in the last 24 hours to $108,194. This follows yesterday’s drop from $112,000 to $106,800 as the broader crypto market fell owing to macroeconomic concerns.

According to CoinGlass data, $594 million in crypto derivatives were liquidated in the last 24 hours, with crypto bulls losing $507 million while shorts accounted for $87 million.

The pullback arrived just as Bitcoin saw increased ETF inflows and institutional interest, leading some to anticipate an uneventful weekend.

This is reflected in funding rates (which signal traders’ sentiments in the perpetual swaps market) suggesting caution, with traders on the sidelines.

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According to Glassnode, despite BTC trading above $108,000 with 100% of its supply in profit, funding rates remain muted at 0.0079%, which is below neutral. Across the top 10 coins, speculative appetite was also surprisingly subdued.

While the very short-term sentiment may indicate caution, on-chain data reveals Bitcoin forming support at lower levels.

Historic support emerges

According to the on-chain analytics platform Glassnode, more than 420,000 BTC now have a cost basis around the $94,000 level, forming one of the strongest support zones in the current cycle. This massive accumulation zone reflects buying interest at this price level.

More than 420K $BTC now have a cost basis around the $94K level, forming one of the strongest support zones in the current cycle. This dense cluster of accumulation has held firm through consolidation in early May – providing the launchpad for #Bitcoin’s breakout to new highs. pic.twitter.com/uMqnUeAiP8

— glassnode (@glassnode) May 23, 2025

Glassnode added that this dense cluster of accumulation has held firm through consolidation in early May, serving as a launchpad for Bitcoin’s breakout to new highs.

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Although Bitcoin is currently experiencing profit taking, strong on-chain support at $94,000 provides bulls cause to remain hopeful. As long as BTC remains above this level, the broader rise could continue.

Analysts will now watch key technical levels and macroeconomic indicators to predict Bitcoin’s next move. For the time being, $94,000 remains a line in the sand.

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May 25, 2025 0 comments

Crypto Trends

Bitcoin Breaks Records as Market Value Hits Historic Peak – Here Are The Key Drivers

by admin May 22, 2025

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

The crypto market recently witnessed a historic moment as Bitcoin, the largest digital asset, rallied hard to a new all-time high on Wednesday, triggering renewed optimism in the sector. After the milestone, BTC’s bullish performance has been analyzed and attributed to several key favorable conditions.

Triggers Behind Bitcoin’s Sharp Growth

Since gaining upward traction in April, the market value of Bitcoin has officially risen to a new all-time high of $111,867, surpassing its previous peak at the $109,241 level achieved during United States President Donald Trump’s inauguration on January 20. The notable upsurge to a new peak marks a major turning point in the cryptocurrency’s development as a widely recognized financial instrument. However, this spike is being driven by a combination of strong variables rather than speculative hype.

According to Santiment, a leading on-chain data platform, this milestone was reached just six weeks after the news of Trump’s tariffs caused the crypto sector to display extreme FUD (Fear, Uncertainty, and Doubt). This is a clear example that crypto markets have often moved in the opposite direction of institutional whales’ capital and retail expectations.

The on-chain platform has also taken a step to outline the key factors that supported the recent rally to a new all-time high. Aside from the tariffs being lowered and the 90-day truce between the US and China, a major factor behind the BTC’s rally highlighted by Santiment has been the increasing number of institutional investors.

BTC’s milestone triggering crowd interest | Source: Santiment on X

This heightened institutional interest has been observed among top asset management firms like BlackRock, Fidelity, Ark Invest, and others. Santiment noted that BlackRock’s interest is evidenced by the expansion of its BTC holdings through its Spot Bitcoin ETF, IBIT, which currently breached the $20 billion milestone. During the period, Fidelity and Ark Invest have also reported record inflows.

BTC’s notable surge has triggered bullish sentiment in the sector. Due to ongoing tariff uncertainties and widespread jadedness, there has not been much FOMO, therefore, the path was paved for BTC to finally create history.

BTC’s Bullish Move Set To Extend To New Highs

Over time, Bitcoin has swiftly transformed from a speculative asset to a vital part of diversified investments. This is because of its increasing inclusion in the portfolios of significant asset managers and hedge funds. With the growing presence and crowd’s greed, Santiment is confident that BTC might surge to the $115,000 and $120,000 price range in the near future.

Ali Martinez, a crypto analyst and trader, also predicted a continuation of the uptrend, claiming that BTC is entering price discovery. Given the robust performance so far, Martinez believes that the next key levels to watch include $116,000, $126,000, $136,000, and $148,000.

At the time of writing, Bitcoin was trading at $110,834, demonstrating a nearly 9% increase in the past week. Data from CoinMarketCap shows that investors are capitalizing on the ongoing upward trend as BTC’s trading volume has risen sharply by more than 73% in the past day.

BTC trading at $110,514 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 22, 2025 0 comments