Chart of the week

Bitcoin has once again surpassed the $105,000 threshold, making this the first time in 17 weeks that it has crossed this price level. Even though one could argue that the best-case scenario for crypto would be for BTC’s price action to maintain sideway chops for a while, this upward trend—driven by regulatory progress, ongoing trade wars, and a more restrained crypto market sentiment—signals a mature phase for BTC, reflecting renewed strength and resilience.

 

 

Several recent developments underscore the increasing maturity of the cryptocurrency industry. Notably, Coinbase’s inclusion in the S&P 500, advancements in stablecoin legislation in the United States, and Hashdex’s ceremonial ringing of the opening bell at Nasdaq highlight this trend. These milestones suggest that, while it remains premature to definitively declare a bull market, the industry is well-positioned for enhanced performance following Bitcoin’s attainment of the $105,000 price level.

 

 

Market Highlights

 

JPM predicts BTC will outperform gold in H2’25

JPMorgan forecasts that Bitcoin is likely to outperform gold in the second half of 2025, driven by corporate buying and growing support from US states.

These bullish calls signal a continued shift in institutional sentiment, further reinforcing BTC as a potential hedge against fiat currency debasement, driving its store of value thesis.

 

US Senate nears vote on revised Stablecoin Bill

The US Senate is about to vote on the revised stablecoin regulation by Memorial Day on May 26, following adjustments to address concerns over consumer protection and national security.

The Stablecoin Bill could provide clarity for crypto companies, fostering innovation and mainstream adoption, improving framework and consumer confidence.