Main trends and drivers
• Bitcoin is trading around 105,400 USD, slightly down ~0.2% for the day, but still holding steady around the peak—close to the new ATH level from last weekend.
• Ethereum is currently at ~2,523 USD, continuing its recovery thanks to the breakthrough trend of stablecoins on the Ethereum network.
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📈 Strong institutional inflow
• May recorded a net inflow of 7 billion USD into crypto – the highest since late 2024.
• Public companies like MicroStrategy, SharpLink… are accumulating BTC and ETH on their balance sheets – boosting bullish sentiment, but also increasing risk if the market reverses.
• The Bitcoin ETF continues to grow strongly, with forecasts that it could surpass precious metal ETFs in asset volume by the end of 2025.
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⚖️ Prominent altcoin differentiation
• Ethereum is supported by stablecoins (USDC…) with infrastructure and enhancements like “Pectra,” improving transaction speed and fees.
• Cardano and LILPEPE are spotlighted according to technical trends, with high potential but also very high risk.
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🌍 Macroeconomic & legal factors
• The US-China trade agreement has made a positive contribution, helping Bitcoin rise ~4%.
• In the US, policies like establishing a “Strategic Bitcoin Reserve” and the new administration's 'crypto-friendly' movement enhance the legal framework.
• The EU with the MiCA regulation from late 2024 is standardizing the market, creating confidence but also increasing compliance costs.
🔮 Outlook for the remainder of 2025
• The second half of 2025 is viewed positively due to the Fed's easing outlook and supportive macro policies.
• The transformation of crypto from speculative assets to officially recognized digital assets seems to be occurring rapidly, combining stablecoins, ETFs, enterprises, and infrastructure.
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In summary, the current cryptocurrency market is in a strong accumulation phase but is also vibrant, supported by institutional capital, improved infrastructure, and a clearer legal framework. Bitcoin and Ethereum remain at the center, while highly specialized altcoins could yield robust profits—but come with significant risks.
