May 13, 2025 | Financial Dailies |
Bitcoin surged past the $75,000 level in early Tuesday trade, hitting a new 6-month high as inflows into U.S.-listed Bitcoin ETFs continued to gain pace. The rally was supported by renewed institutional interest and growing optimism around upcoming crypto-friendly regulatory frameworks in major economies.
Meanwhile, Ethereum (ETH) climbed closer to the $4,000 mark, supported by increased DeFi activity and the anticipated rollout of its “Pectra” upgrade, which aims to enhance network scalability and reduce transaction costs.
Other altcoins like Solana (SOL), Avalanche (AVAX), and Polkadot (DOT) also posted moderate gains, with the overall crypto market capitalization crossing $2.8 trillion.
Market analysts say the crypto market is witnessing a sustained bullish phase, driven by:
-
Institutional ETF inflows
-
Lower U.S. inflation data
-
Increasing adoption in APAC and LATAM markets
-
Evolving regulatory clarity in the EU and India
However, caution remains as macroeconomic uncertainties and possible regulatory interventions in the U.S. could trigger short-term volatility.
