Bitcoin All-Time High Clears Path for Higher Prices as Altcoins Wait for Inflows AllinCrypto May 23, 2025
On May 22, Bitcoin surged to a new all-time highs of $111k, pulling top altcoins up with it and surprising market participants.
Reasons for the surge can be attributed to various positive technical indicators and macroeconomic events such as the de-escalation of the US-China trade war and weaker US inflation.
With previous resistance being smashed, Bitcoin has entered new territory open for extended price discoveries as analysts predict and expect higher prices for BTC.
Bitcoin ATH signals continued growth as altcoins await altseason for movement
As of May 22, Bitcoin has been trading at all-time highs with little attention given by retail. Institutional investors and firms such as Strategy and Japan’s Metaplanet have been buying.
Many crypto traders have been expecting retail hype to arrive in the markets, usually coinciding with an altseason, whereby altcoins and DeFi surge to new highs.
As of yet, an altseason may still be on the horizon, but investments could come from institutions instead of retail, according to various theories.
With Bitcoin entering a new phase of technicals, Antoni Trenchev, co-founder of the Nexo trading platform, spoke to Reuters, saying:
“Now that January’s high has been surpassed – and the 50 percent upside from April’s lows has been achieved – bitcoin enters blue sky territory with tailwinds in the form of institutional momentum and a favorable U.S. regulatory environment.”
Crypto Triumphs and Will Continue to Do So in Long-Term Forecasts
Adding to Bitcoin’s recent activity, JPMorgan CEO Jamie Dimon has welcomed Bitcoin investments from the bank’s clients, despite not opening up custody services.
The US is also due to pass the GENIUS Act, a bill that will grant a clear framework for banks and institutions to integrate regulated cryptocurrency assets such as stablecoins.
While Bitcoin rocks at ATHs, the S&P500 is down -1.47 over the last 5 days, although some tech stocks like NVIDIA and TSLA have begun to rebound, with NVDA up 0.78% over the last 24 hours.
After depreciating prices at the beginning of January and leading into February 2025, it seems the cryptocurrency market has weathered the storm a lot better than its traditional counterpart.
With more pro-crypto bills and banking groups prepared to enter the crypto industry, analysts are predicting a strong Q2 2025 for Bitcoin and crypto, especially stablecoins.
The post Bitcoin All-Time High Clears Path for Higher Prices as Altcoins Wait for Inflows first appeared on AllinCrypto.
