Bit at around 11 PM on May 21, 2025, touched $109,457 in the OKX spot market, while the CRO spot market reached a high of $109,000, just 0.2% away from a new high. This represents the price advantage Bit has achieved in the short term after crossing the $100,000 mark on May 8, highlighting market confidence and strong buying momentum for this crypto asset.
Institutional Funds Flowing In and Regulatory Environment Becoming Clearer
Multiple factors are driving Bit's strong rally. First, institutional investors are accelerating their layout. According to Bloomberg data, Bit exchange-traded products (ETPs) have seen a historic monthly net capital inflow. Simultaneously, companies like Strategy (formerly MicroStrategy) continue to make large Bit purchases, significantly boosting market confidence.
Secondly, regulatory developments are also sending positive signals. Former US President Trump signed a crypto-friendly executive order in January this year, and the GENIUS Act providing a regulatory framework for stablecoins has also made progress. These measures help improve overall market transparency and compliance, thereby attracting more traditional capital.
Analysts Optimistic About Future Market
Market maturity indicators suggest the current market environment is healthier than previous bull markets. Stable funding rates and large investor (whale) activity patterns indicate a more solid market structure. From a technical analysis perspective, Cointelegraph cites analyst views suggesting that based on fractal pattern analysis, Bit prices may further rise above $110,000 by the end of the week.
