May 2025 has become a month of significant changes in the cryptocurrency market, where Bitcoin stabilized around $96K and TOTAL2 increased to $1.04T. These factors could signal an upcoming altcoin rise.
Bitcoin Trends in May 2025
At the beginning of May 2025, Bitcoin showed stability, attracting attention from analysts. The focus was on the market situation and price predictions, which remained optimistic.
The BITCOIN Act and Its Potential Implications
U.S. Senator Cynthia Lummis stated her support for President Donald Trump's proposed BITCOIN Act, which suggests accumulating 1 million Bitcoins into a strategic reserve for the U.S. government over five years. She argues that this legislation could be the solution to a national debt of $36 trillion.
Altcoin Market and Investment Strategies
With TOTAL2 rising to $1.04T, positive trends are observed in the altcoin market. Some analysts are using Fibonacci levels to assess potential altcoin rallies if the market maintains its current positions. However, experts warn about distractions from meme tokens while utility tokens prepare for possible growth attempts.
The upward trends in Bitcoin and TOTAL2 in May 2025 indicate a potential shift in investor interest toward altcoins. The BITCOIN Act may further impact the future of the cryptocurrency market, but experts advise caution.
