Bitcoin traders expect new highs in the summer of 2025

The price of bitcoin BTC $108,822.59 Bitcoin -0.98% Market capitalization $2.16 trillion VOL. 24 hours $1.81 billion remains stable near $ 109,000, while traders expect to update the highs by the end of the summer. Meanwhile, Ethereum ETH $2,630.14 Bridged Ether (StarkGate) -0.36% Market capitalization $0.16 billion VOL. 24 hours $1.63 billion grew by more than 3% amid growing activity of institutional investors and the launch of a large-scale initiative to form an ETH reserve in corporate treasuries, signaling a new stage in the perception of cryptocurrencies as long-term assets, CoinDesk writes.

After the weekend in the US, stock markets also showed growth: the Nasdaq index added 2% due to the easing of trade tensions and the stabilization of Treasury yields. This has intensified interest in risky assets, among which cryptocurrencies are taking an increasingly important place. Against this backdrop, SharpLink announced the acquisition of Ether for $ 425 million using the private investment in public company (PIPE) model. The deal is expected to be completed on May 29, after which Ethereum co-founder Joseph Lubin will head the board of directors.

HashKey Eco Labs CEO Kai Lu noted that this strategy follows the MicroStrategy approach with bitcoin and confirms the role of cryptocurrencies as a strategic reserve in the Web3 economy. This, in turn, strengthens the confidence of institutions in ethereum, which is increasingly seen not just as an altcoin but as a platform for capital.

However, investors remain cautious ahead of the major Bitcoin Conference in Las Vegas, which starts this week. Previous experience — including Donald Trump’s 2024 speech — has shown that political statements can cause sharp price fluctuations. This time, the keynote speakers include Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor, Senator J.D. Vance, and members of the Trump family, which adds to the tension in the market.

Analysts at QCP Capital reported a decrease in open positions in futures, normalization of funding rates, and a decrease in activity by some well-known retail traders. This indicates the market’s cautious stance in the face of potentially volatile events. At the same time, the overall backdrop remains positive: traders expect gradual growth with a possible update of historical highs during the summer.