As of May 2025, Bitcoin is making headlines once again—this time for inching closer to its previous all-time high. In a tweet posted by Bitget, the crypto trading platform noted:
“Bitcoin is just 11% away from hitting a new ATH”, referencing the cryptocurrency’s steady climb over the past weeks.
Currently trading at around $97,000, Bitcoin is closing the gap on its historic high of $108,300, set in December 2024. The rise reflects renewed confidence in digital assets and a wider wave of bullish sentiment across global markets.
What’s Driving Bitcoin’s Surge?
Several factors are contributing to this upward trend. First and foremost is institutional participation, which has strengthened significantly since the approval of Bitcoin spot ETFs in the U.S. earlier this year. These exchange-traded funds have brought in new investors, offering exposure to Bitcoin without the need to directly hold the asset.
Additionally, the macroeconomic environment has played a role. Further, discussions between U.S. and Chinese officials over trade cooperation, have boosted investor confidence across markets—crypto included. Positive news on inflation in the U.S. has also helped reduce fears of aggressive interest rate hikes, providing further fuel for risk-on assets like Bitcoin.
In a landmark move, the U.S. government introduced a Strategic Bitcoin Reserve, signaling growing acceptance of Bitcoin as a legitimate long-term asset. This move echoed earlier policies around gold reserves, and analysts say it’s added credibility to Bitcoin’s role in the global financial system.
Bitget Urges Traders to Stay Grounded
While enthusiasm is rising, Bitget used its platform to gently remind users to stay alert. The tweet noting Bitcoin’s proximity to a new ATH came without fanfare, but the implication was clear: excitement shouldn’t override caution.
Bitcoin is known for its volatility, and although it’s trending upward now, dramatic corrections are common in crypto markets. Bitget’s previous communications—especially around memecoin volatility—have stressed the importance of doing your own research (DYOR) and managing risk responsibly.
This is especially relevant for newer traders who may be entering the market late in the rally, potentially buying in at peak levels.
What to Expect Next
Market analysts are watching the next few weeks closely. If momentum continues, Bitcoin could challenge or surpass its all-time high before mid-2025. However, factors like regulatory updates, global politics, and even social media-driven speculation could shape the market’s next move.
For now, Bitcoin’s resilience and its position as a bellwether asset for the crypto sector remain firmly intact. Whether or not it breaks through its ATH, the current rally is a signal that the crypto winter has well and truly thawed.
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