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Bitcoin on record: USD 106,500 in sight, altcoins under pressure!
Current crypto news: Bitcoin reaches new heights, Ethereum gains and major investors rely on altcoins. Learn more!
Bitcoin on record: USD 106,500 in sight, altcoins under pressure!
On May 20, 2025, the Bitcoin price shows a remarkable increase of 3%, reaching $106,500. This brings Bitcoin's total market cap to $2.11 trillion, leaving it just 2.5% below its all-time high of $109,000. Meanwhile, Ethereum recorded an even stronger increase of almost 8% and is now at $2,580, but remains 48% below its 2021 high. Other major cryptocurrencies such as BNB, Solana, Cardano (ADA) and TRON (TRX) are also in the black, while XRP falls short of expectations with a small increase of 1.9%.
The current Bitcoin dominance in the market is around 62.8%, while Ethereum holds a 9.2% share. It is noteworthy that 26 alternative cryptocurrencies were able to outperform Bitcoin in the last 90 days. There are also interesting developments among altcoins, such as the upcoming token unlocks of Pyth Network (PYTH), which could increase its supply by 58%. These market moves coincide with the recent positive trends in the Nasdaq 100 and S&P 500 and the simultaneous decline in the value of gold.
Price forecasts and investment strategies
The forecasts for the Bitcoin price vary considerably. Analysts expect the price to rise to between $150,000 and $28 million. Deepwater's Gene Munster predicts a Bitcoin price of $150,000, while Van Eck's Matthew Sigel expects $180,000. Bernstein even assumes $200,000, and Jan Van Eck sets his price target at $300,000, assuming Bitcoin reaches 50% of gold's market capitalization. More extreme estimates come from Michael Saylor and Cathie Wood, who speculate between $1 million and $1.5 million.
One notable investment from Twenty One Capital stands out: the company purchased 4,812 Bitcoin for $458 million and is now the third largest corporate holder after Strategy and MARA Holdings. This movement is supported by partners such as Tether, Cantor Fitzgerald and SoftBank. Bitcoin is expected to rise above $100,000, with an attainable record high of $109,000 in sight.
Market development and upcoming trends
Signs of “Bitcoin Season” have emerged in recent days. Despite a slight correction and net outflows of $91.4 million in the Fidelity Bitcoin ETF, technical indicators remain bullish although overbought is noted. Bitcoin finds support at $100,000 while resistance lies at $105,000.
Altcoin season also appears to be underway, supported by an Altseason Index that stands at 22. This suggests that the market is currently in “Bitcoin Season” mode. In particular, Sei Network (SEI) is planning a token unlock that will release 220 million new tokens. Experts are optimistic about an impending altcoin bull run, and the long-term roadmap for the crypto market remains promising.
Overall, current developments in the cryptocurrency market show both positive growth and potential opportunities that could be important to both investors and market observers. The coming weeks will be crucial for the further development of the markets and could even be the start of a new rally in the world of altcoins. Further details can be found at BTC Echo and Crypto Magazine.