CRYPTO: Billions Pour In, Trump’s Return, and Soaring Bitcoin
https://www.youtube.com/watch?v=V4EACpvZUx4
1. Bitcoin nears $110,000, just a few percent from its all-time high
Earlier this week, Bitcoin tested the $110,000 zone, coming within less than 2% of its all-time high at around $112,000. This surge comes amid lower-than-expected US inflation in May (+2.4%), renewing hope for a more accommodating policy from the Federal Reserve. As a result, the market now views crypto as a more attractive risk asset than before.
2. Synchronized Rally: Ethereum, Solana, and Altcoins Join the Momentum
Bitcoin's rise was accompanied by a marked rebound in altcoins: Ethereum gained between 3 and 4%, Solana between 5 and 6%, and XRP up to +8–11% depending on the day. This collective movement reflects renewed global confidence among investors.
3. Booming Crypto Funds: AUM Hits All-Time High
In May, crypto fund assets under management (via ETFs and specialized funds) reached a record $167 billion, with over $7 billion in net inflows. In comparison, stocks and gold saw outflows, underscoring the growing appeal of crypto for investors.
4. Bitcoin & Ethereum ETFs Take Off
- Spot Bitcoin ETFs continue to attract massive inflows, with several billion flowing in over the month.
- Ethereum ETFs, after picking up again in early May, remain strong and may soon cross the symbolic billion-dollar assets under management mark.
5. Massive Liquidations: The Game-Changing Short Squeeze
Bitcoin's move above $110,000 triggered a historic liquidation event: between $330 and $450 million in short positions were wiped out over 24 to 48 hours, further boosting momentum.
6. Trump Administration: A New Political Landscape for Crypto?
The potential return of Donald Trump to the political stage brings hopes of pro-crypto measures: regulatory rollbacks, the possible creation of a state-owned Bitcoin portfolio, and industry-friendly appointments. Some observers even discuss the possibility of Bitcoin's price reaching $250,000 under a crypto-optimized political environment.
7. Crypto Exchanges Prepare for IPOs
Gemini (founded by the Winklevoss twins) has confidentially filed for a future IPO in the US. Several other companies, such as Circle and Coinbase, are taking steps to enter the public markets. These moves confirm the crypto industry's growing maturity and integration into traditional finance.
8. Macro Perspective: Inflation, Fed, and Geopolitical Tensions
All indicators suggest that upcoming US economic releases (CPI, PPI) and the course of US–China trade talks will be decisive catalysts for what’s next. Confirmation of falling inflation would further strengthen positive crypto momentum.