Experts analyzed the situation in the crypto market, talked about expectations and possible changes in the near future
The growth of crypto market capitalization in recent days is associated with the weakening of the dollar, rising gold prices and expectations of a key rate cut by the U.S. Federal Reserve System (FRS). As noted by experts interviewed by RBC Crypto, an important catalyst for growth was the speech of U.S. President Donald Trump, who expressed confidence in the rapid resolution of the trade conflict with China, calling for a softer monetary policy. All this increased appetite for risk assets, including bitcoin - analysts expect further growth, especially ahead of a possible rate cut in June, with the first targets for BTC at $100k.
Why prices have risen
The main factors affecting the situation in the crypto market right now are fears and concerns about the US-China tariff war and the US Federal Reserve's monetary policy, said Ryan Lee, lead analyst at Bitget Research.
“The market got a strong boost yesterday after Donald Trump's speech in which he touched on pressing economic issues. Investors were encouraged by Trump's words that the tariff dispute with China could be resolved soon,” Lee wrote, noting Trump's stance on the Fed's credit rate cuts.
As an additional trigger for bitcoin growth turned out to be the weakness of the dollar according to our analysts.
“Against the backdrop of weakness in the U.S. stock market, the cryptocurrency continues to be quite resilient and is playing off the first quarter's decline, as well as the likelihood of de-escalation of the “trade wars”, the consequence of which will be an increase in demand for risk assets that have fallen in price in recent weeks,” our analyst said.
However, there is no significant change in the situation, and “the market continues to be in a bullish cycle”. The analyst believes that the decline in quotations in the first quarter fits into an ordinary correction, which occurred due to external rather than internal factors for the crypto market.
Forecasts and expectations
Experts' expectations on the trajectory of prices are unanimous - they will grow. For example, Lee believes the main catalyst for continued growth is the change in the Fed rate, which could push bitcoin above $100 thousand.
“Depending on how the situation develops further, growth may continue or stall. Given that most market participants expect a key rate cut at the June Fed meeting, bitcoin has every chance to return to the zone above $100,000,” Lee forecasts, noting that he expects the rate to consolidate above this level in the second half of May, ahead of the monetary policy decision.
The $100k per bitcoin level also serves as the first target, according to our analysts, and in addition our analysts expect the total crypto market capitalization to grow to $3.2 trillion. At the same time, higher targets for the bitcoin price in 2025 were also noted.
Our analysts continue to expect targets of $130-150 thousand per bitcoin this year. The likelihood of bitcoin updating its price high in the coming months remains, which opens up ample opportunities for a price recovery for the most capitalized altcoins, primarily SOL.