According to FXStreet, Ethereum continues to strengthen against bitcoin, suggesting a shift in investor interest toward altcoins. Technical indicators suggest that bitcoin's dominance in the cryptocurrency market risks weakening.
On Wednesday, the bitcoin price continues its upward movement, approaching an all-time high, amid the US Senate's advancement of a bill on regulating stablecoins that overcame earlier legislative hurdles.
Traders maintain a bullish outlook on bitcoin, as indicated by data from the cryptocurrency options exchange Deribit. Some market participants believe that the asset's price could rise to $300,000 by the end of June.
According to a report by River financial company, the number of Americans who own bitcoins has surpassed the number of gold holders. The study showed that 50 million US citizens have purchased bitcoin, while 36.7 million people own gold.
Fred Krueger, an experienced Wall Street trader, has made a bold prediction that bitcoin could surge to $600,000 by October 2025. He calculates that in the 20s of July, the leading digital asset will begin to rise sharply due to macroeconomic factors.
According to CEO of Bitget, Gracy Chen, as of May 19, Bitcoin-backed exchange-traded funds (ETFs) posted a cumulative inflow of more than $40 billion. Bitcoin-ETFs continue to raise significant capital since launching in early January 2024.
The world's leading cryptocurrency climbed to a 4-month high amid easing global trade tensions and improving macroeconomic signals. According to Investing, the bitcoin price was also supported by April's subdued inflation data in the US.
, an American entrepreneur and co-founder of the BitMex firm, shared his opinion on the likely rise in bitcoin's value to $200,000 as part of an interview for Yahoo Finance.
According to Yahoo Finance, the cryptocurrency market rally took a long-overdue pause on Thursday, as traders began taking profits after weeks of uninterrupted gains took the value of bitcoin near record highs.
Prominent management firms have revised their investment strategies, cutting exposure to BTC exchange-traded funds (ETFs) following a 12% drop in the crypto during the first quarter of 2025. This decision was made by several key players.
JPMorgan notes that bitcoin may outperform gold due to sustained interest from institutional investors in the cryptocurrency. The token's growth is being supported by increasing corporate capital allocations to bitcoin and the adoption of laws permitting governments to invest in this asset.
Bitcoin is the first and most commonly used cryptocurrency in the world. It holds a prominent place in the digital economy and draws the attention of traders and investors. High volatility and a wide range of influencing factors make the forecasting of its price complicated and requiring complex analysis.
Successful bitcoin trading is based on analyzing market trends, fundamentals, and technical factors.
Key elements that determine the value of bitcoin include:
Major investors and funds also have a considerable impact on the movement of bitcoin prices. Their massive purchases or sales can cause sharp fluctuations in the exchange rate. In addition, the general sentiment in the crypto market determines the dynamics of BTC, creating periods of high activity and deep corrections.
Forecasting the price of bitcoin is a complex task, as it is formed under the influence of many factors. Successful trading strategies and investment decisions require a thorough analysis of the macroeconomic situation, politics, and investor sentiment.
