Regulations

$BTC
• Bitcoin witnessed a major rally in the last week, surging from about $58,200 on May 1 to its current value, a 7.9% jump. Experts credit this upsurge with the increasing institutional adoption and a shortage of retail liquidity coupled with global tariff uncertainties.
• In the cryptocurrency derivatives market, Bitcoin is now facing between significant resistance and support levels, with notable investor activity seen around the $97,000 level. This is indicative of large owners, who are commonly known as "whales," positioning themselves in preparation for expected price action.
• Looking forward, a number of analysts and institutions have offered optimistic predictions for the price of Bitcoin by the end of 2025. Estimates vary between $122,000 and as much as $700,000, with variables like institutional investment, regulatory advancements, and sentiment in the markets determining these predictions.
• Further, the U.S. government's creation of a Strategic Bitcoin Reserve in March 2025, for the purpose of keeping government-held Bitcoin as a reserve asset at the national level, has served to enhance confidence in Bitcoin's long-term value proposition further.