On the night of May 22, Bitcoin updated the historical maximum, rising in price above $ 111 thousand. Analysts of Crypto Rip Ripnik told “RBC-Crypto”What caused the rapid growth of bitcoin, and how the leading digital coin further behave.
“Cryptocurrency is far from overheating”
At the time of writing, the BTC peak was recorded by $ 111,861, a psychologically important level of $ 110 thousand passed, says the co -founder of Encry Foundation Roman Nekrasov. He noted that the cryptocurrency has already managed to adjust, the liquidation of the positions of the “shortists” exceeded $ 300 million in 24 hours.
According to the analyst, the passage of $ 110 thousand and fixing the bitcoin course above this level opens the asset movement to $ 115 thousand – $ 117 thousand in his opinion, the institutional market is still observed, and retail investors are only on the way.
“Bitcoin still has a lot of reasons for growth. BTC reserves on exchanges – at minimums. Cryptocurrency deficiency is growing. The market is obviously not yet saturated. The mood of investors and the statistics of search queries indicate that the cryptocurrency is far from overheating, ”Nekrasov said.
Further growth of bitcoin can find support in the pressure of US President Donald Trump for the US Federal Reserve System (Fed), the expert says. He explained that Trump is lobbying for a decrease in the key interest rate. If he succeeds in selling a regulator, part of the liquidity poured into cryptocurrencies, Nekrasov is sure.
Also, in his opinion, it is worth paying attention to changes in the global money supply (M2), since cryptocurrency repeats the M2 schedule with a couple of months. The analyst added that, against the background of growth, the part of the liquidity settles in cryptocurrencies, and the trajectory of the global liquidity curve suggests that the prospects for continuing growth are opened before the BTC.
In addition, Nekrasov noted that Bitcoin returned to the timing of cyclicity. He explained that according to the theory of cyclicity, after halving, cryptocurrency is needed, on average, about a year and a half to achieve a cyclic maximum. The last halving occurred in April 2024. Repetition of history suggests that the bull market will end in the fall of 2025, says Nekrasov.
New Macropator
The key event that has not yet been paid due attention was the statement of the White House adviser to David Sax’s cryptocurrencies, said Alexander Kraiko, leading CIFRA Markets analyst.
“We will create a demand for trillions of dollars for our treasury bonds in almost one night,” so on the evening of May 21, commented on the Genius Stable Coin (Guading and Establing National Innovation for US Stables Act) appointed by Tripto -Trim. Sax.
Most stablecoins are provided with dollar assets, including short -term US bonds. According to the report for the first quarter of 2025, Tether reserves to provide USDT stablecoin include about $ 120 billion in US Treasury bonds. The company claims that Germany has already been bypassed by the volume of investments in the American public debt. Supported by Donald Trump’s sons, the World Liberty Financial recently released its own USD1 stabilcoin, also provided with treasury bonds and dollar reserves. On May 22, Binance’s largest crypto -tank announced the Listing of USD1. The US Senate voted for the bill on stablecoins. Why is it important
Kraiko explained what was behind it. According to the expert, the White House is preparing a law on stablecoins – the digital analogues of the dollar, wealthy, most importantly, by American government bonds. According to the logic of the Saxi team, the demand for dollar stabiblcoins will increase the demand for public debt of the United States, and for the system there are more stablecoins, you need a large crypto, the expert says.
“Simply put, the United States is no longer just tolerate cryptocurrencies. They begin to use it as a new mechanism for financing their own budget.
Thus, the growth of capitalization of cryptocurrencies becomes a profitable state – as a way of indirect financing of the debt. This is a new macrofactor working in favor of BTC, ”Kraiko explained.
According to him, it is this that is the main reason why the BTC can reach $ 140 thousand until the end of 2025. Ahead of the summer is a season, when cryptocurrency is traditionally cooling down, and corrections are possible, but the long -term vector is now like that, the analyst believes.
Among the additional factors, positively reflecting in the cryptocurrency course, Kraiko allocated the fall of the dollar index (DXY) and the continuing tributaries of funds in the spot exchange funds for Bitcoin (ETF).
DXY is a reflection of the power of the dollar in relation to the basket of currencies. When he falls, the dollar is weakening, and in dollar terms, bitcoin rises automatically – even if its price in the euro or yen remains in place, the expert explained.
As for the tributaries in Bitcoin-ETF, from the beginning of the week (from May 19 to May 21), more than $ 1.6 billion of new funds have been received by American funds. This is one of the most powerful weekly tributaries from the moment of launch, Kraiko noted.
The analyst emphasized that institutional investors continue to actively go into an asset that has a strict limitation of emission. In total, 21 million bitcoins will be produced, 19.8 million of which have already been mined.
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Source: Cryptocurrency
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