Crypto Surges in May Amid Wave of Institutional Adoption and Regulatory Wins

By James Van Straten | Edited by Parikshit Mishra

June 2, 2025

May marked a breakout month for the crypto market, with bitcoin reaching $104,403.10 as institutional investors, state governments, and regulators leaned into digital assets more than ever before.

According to Travis Kling of Ikigai Asset Management, May delivered a wave of momentum across the crypto ecosystem. Major U.S. and global firms made significant crypto allocations, while legal and regulatory breakthroughs created a clearer path for broader adoption.

Key drivers included:

Massive treasury allocations by corporations

Strategic acquisitions linking crypto and traditional finance

New regulatory approvals enabling smoother market participation

These developments signaled a deeper integration of crypto into mainstream finance, suggesting this may be the start of a new chapter—what Kling refers to as “Bitcoin Season 2.”