🚀🚀 Why is the crypto market rising today, May 9, 2025?
Here are a few key reasons:
1. Institutional adoption and Bitcoin ETFs;
Since 2024, the approval of spot Bitcoin ETFs by the SEC has opened the door to massive institutional investments. Firms like BlackRock, Fidelity, and BNY Mellon have added Bitcoin to their portfolios, and this capital influx has helped push prices higher.
2. U.S. Strategic Bitcoin Reserve;
In March 2025, President Donald Trump signed an executive order establishing a strategic Bitcoin reserve, reinforcing the cryptocurrency’s status as a national reserve asset. This move boosted market confidence and reduced volatility.
3. April 2024 halving and supply pressure;
The April 2024 halving event reduced mining rewards by half, limiting the supply of new BTC. Historically, such events have led to significant price increases due to steady demand.
4. Positive market sentiment and short liquidations;
Today, the market saw nearly $900 million in short positions liquidated, which added bullish momentum to the price rally.
5. Surge in Bitcoin wallet creation;
On May 8, over 344,000 new Bitcoin wallets were created, indicating growing retail activity and increased interest from small investors.
These combined factors have triggered a “FOMO” (fear of missing out) effect in the market, attracting both new and institutional investors. If the trend continues, Bitcoin may soon reach new all-time highs.