In the last month of spring, the price of bitcoin recorded its new maximum of $ 111,917, reached on May 22. Another record was also marked on the bitcoin graph – the closing of the monthly candle in May took place at $ 104,785, according to Binance. The quotes for May increased by more than 11%, and experts expect the increase in the price of the main cryptocurrency in the future, writes RBC Crypto.
The opening and closing of candles on certain graphs is customary to calculate at the end of certain periods. It can be a minute, hour, 12 hours, day, month and so on. For example, a day candle closes at 0:00 UTC (3:00 Moscow time) of each day. Monthly candle – at 0:00 on every last day of the month. Many trading strategies take into account only opening and closing prices, not paying attention to price volatility within a certain period.
According to June 2, the price of Bitcoin is at $ 105.2 thousand – an increase in the price from the beginning of a month of less than 1%.
Despite the May price records of Bitcoin, the rest of the cryptocurrency market could not show the best results. About 50%of the TOP-100 list of the largest crypto actes in capitalization collapsed in the range of up to 30%, and the total capitalization indicator of the cryptorrhist increased by about 9%, to $ 3.26 trillion, according to CoinmarketCap. Bitcoin overtook the profitability for May of about 80% of the largest cryptocurrencies, the second according to cryptocurrency capitalization, Ethereum (ETH), showed an increase of more than 40%, up to $ 2.52 thousand.
The top 5 of the best cryptocurrencies in height for May included the SPX6900 (SPX) memicin, as a parody of the S&P500 index, which tracks the largest shares of American companies, it grew by more than 90%, and the decentralized Hyperlique (HYPE) decentralized crypto-tank with an increase of about 65%. They follow the ZCash blockchain coin (ZEC), which is based on the technologies that provide anonymous translations – the quotes added about 45%, the Dogwifhat (WIF) memcin with an indicator of more than 45%and the token the largest landing protocol AAVE (AAVE), which has grown by almost 40%.
The top 5 from the list of 100 largest crypto acts that lost in price for May included Render (Render), which fell by 18%, Vaulta (A)-by 19%, XDC Network (XDC)-by 20%, Pyth Network (Pyth)-by 20%and Sonic (S), which lost 29%.
Stronger than gold
Against the background of bitcoin growth, experts noted the relative weakness of gold, the price of which showed strong growth against the background of macroeconomic uncertainty and US trade duties in 2025. This happened thanks to the institutional demand for the main cryptocurrency.
As the head of CoinShares studies James Batterfill for Decrypt, from the end of April, exchange funds (ETF) based on Bitcoin have attracted about $ 7.3 billion, while the ETF funds based on gold have lost about $ 4.9 billion. The expert supplemented the expert that the stream data indicate that BTC has been bombarded that BTC Wins. “
Since the beginning of the year, the price of precious metal increased by 27% by 12:00 Moscow time on June 2 – to $ 3.35 thousand, being a few percent of the historical maximum of $ 3.5 thousand, reached in late April, according to TradingView. During this time, the price of bitcoin increased by about 13%. However, it was in May that the price of gold has not changed. Most of the year, the dynamics of gold prices relative to the weakness of the price of bitcoin was regarded by experts as an indicator that it is gold that performs the functions of the asset-shelter from geopolitical and economic shocks, and the price of bitcoin behaves as shares of companies. Exchange Traded Funds, ETFs on the basis of bitcoin provide investors with legal access to cryptocurrency through the NASDAQ and NYSE exchanges in shares format. The issuance of new shares requires the actual delivery (purchase) of bitcoin funds. Demand from such ETF provided the cryptor of a significant influx of capital and became the driver of its growth in 2024.
Nevertheless, experts noted that the story of gold has not yet been completed against the background of the economic situation in the United States. “The story of gold has not ended yet,” said Christopher Wong, Oversea-Chinese Banking Corp, noting that Moody’s agency had deprived the USA of the highest credit rating.
In mid -May, the Moody’s International rating agency lowered the US credit rating from the AAA to AA1 due to the concern of the growth of the public debt. It expects that the public debt will grow to about 134% of the US GDP by 2035 compared to 98% in 2024. In the crypto community, it is believed that an increase in US public debt directly correlates with an increase in bitcoin price. Historically, since the creation of bitcoin, both indicators have had a high correlation: with an increase in US debt, the price of the main cryptocurrency is growing.
Experts believe that US economic policy can be beneficial for the price of both bitcoin and gold. So, for example, the founder of the BitMEX crypto accounts Arthur Hayes believes that with the approach of intermediate elections in the United States at the end of 2026, the monetary authorities will begin to “print more money”. He also expects changes to the US tax policy regarding foreign investors.
Heis believes that the government is moving from the policy of duties to capital control. And in order to maintain American production, instead of taxation of US imports, foreign state assets in the form of bonds, shares and land could tax.
This will lead to the outflow of capital from the United States, which will feature the government and companies of various countries to find other ways to store capital. Heis suggested that they could be gold and bitcoin.
However, the bold heis forecasts have a low percentage of success: 16 out of 20 of his forecasts were incorrect. Two were accurate, two more concern future prices and are not yet to be checked, according to the Protos study in mid -May.
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Source: Cryptocurrency

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