On Thursday, May 15, 2025, the price of Bitcoin ($BTC ) experienced a significant strengthening, trading in the range of $103,421 or around Rp1.7 billion. This increase was driven by several key factors that strengthened the positive sentiment in the crypto market.

Factors Driving the Increase in Bitcoin Price

• Increased Institutional Demand through Spot ETFs

Fund inflows into spot Bitcoin ETFs have increased again, led by large institutions such as BlackRock. The involvement of these institutions indicates a strong confidence in Bitcoin's long-term prospects and provides strong support for the price.

• Lower-than-Expected US Inflation Data

The US Producer Price Index (PPI) data for April 2025 showed a year-on-year increase of 2.3%, lower than the expected 2.4%.