As of May 31, 2025, the cryptocurrency market is experiencing a significant bullish reversal, with Bitcoin (BTC) leading the momentum.
Bitcoin has surged to a new all-time high of approximately $111,970, driven by increased institutional interest and strategic acquisitions. Notably, companies like Strategy (formerly MicroStrategy) have added over 4,000 BTC to their holdings, bringing their total to 580,250 BTC, representing about 2.7% of the total supply . Additionally, President Trump's media company announced plans to raise $2.5 billion for Bitcoin purchases, further fueling market optimism .
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Ethereum (ETH) is also showing signs of recovery, trading around $2,521.9, up from recent lows. Technical indicators suggest that ETH is nearing key historical levels that have preceded major rallies in the past .
Dogecoin (DOGE) is testing a critical support level at the 200-day exponential moving average (EMA), currently around $0.26. A successful rebound above this level could signal the end of its downtrend and the beginning of a potential rally .
Investing.com India
Altcoins like Onyxcoin (XCN), MANTRA (OM), and Jupiter (JUP) have outperformed Bitcoin recently, indicating a shift in investor interest towards select altcoins .
CCN.com
Overall, the market is witnessing a resurgence in bullish momentum, with increased institutional involvement and positive technical indicators suggesting the continuation of the reversal trend.
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