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Bitcoin Leads Crypto Market Rally Amid Institutional Investment Surge

May 7, 2025 — The cryptocurrency market saw a notable uptick this week, led by Bitcoin (BTC), which surged over $3,500 in a single day to hover near $97,500. This jump reflects growing investor confidence, fueled in part by renewed institutional interest.

BlackRock, one of the world’s largest asset managers, made headlines after purchasing $37.8 million worth of Bitcoin. This move has sparked speculation of broader institutional momentum returning to the market. Meanwhile, rumors linking BlackRock to XRP have triggered volatility in altcoins, despite no confirmed involvement.

However, the market rally faces headwinds. Total crypto market capitalization briefly dipped below the $3 trillion mark, suggesting a short-term correction after weeks of strong gains. Regulatory discussions in the U.S. are also heating up, with lawmakers unveiling a new draft bill aimed at clarifying digital asset rules. At the same time, Bitwise warned that delays in stablecoin legislation could stall market innovation.

Globally, stablecoin issuer Tether is expanding in Asia by deploying its USDT token on the Kaia blockchain, signaling continued growth in emerging markets.

As Bitcoin’s market dominance rises past 65%, analysts are watching closely to see whether altcoins will rebound or if BTC will continue to lead the charge.