Bitcoin (BTC): A Resilient Force in the Crypto Market – May 2025

Bitcoin (BTC) has recently surged past $100,000, reaching an intraday high of $101,370—the highest level since early February 2025. This rally is attributed to improving market sentiment following April’s volatility due to trade tariffs. Optimism was further fueled by news of a trade agreement between the U.S. and the UK, which eased investor concerns and encouraged risk-taking.

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Institutional interest has played a significant role in bitcoin's momentum, with inflows into spot bitcoin ETFs reaching $5.3 billion in the past three weeks. States such as New Hampshire and Arizona have also introduced crypto reserves, although analysts believe Wall Street’s demand is the more powerful driver. Notably, investment firm Strategy plans to invest $84 billion in bitcoin acquisitions. Standard Chartered projects bitcoin could reach $120,000 in the second quarter, though it acknowledges this target may be conservative.

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Despite this resurgence, bitcoin's price remains below its January peak and still exhibits correlations with broader markets, notably the S&P 500. Experts believe that as U.S. asset trust wanes, bitcoin could reach new highs, with projections suggesting it may hit $120,000 in Q2 2025. However, analysts caution that bitcoin's detachment from macroeconomic trends is still incomplete, and its correlation with risk assets may rise again.

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