Bitcoin has once again captured attention by setting new records in May 2025. However, market volatility raises various predictions about the future.
New All-Time High for Bitcoin
Bitcoin made headlines for its impressive price jump, reaching $110,797 on May 21, 2025, surpassing its previous high of $109,588 set in January. The very next day, the price climbed even higher to $111,980, almost touching the $112,000 mark.
Comparison with Altcoins
While Bitcoin has gained over 50% in six weeks, major altcoins such as Ethereum (ETH) and Solana (SOL) have not been able to match this success. Despite a 97% bounce from April's lows, these cryptocurrencies remain significantly below their past highs.
Market Outlook
With Bitcoin dominance rising to 65% in May 2025, uncertainty looms as the new month approaches. On-chain data suggests the market may be entering overheated territory, leading to expectations of either sideways movement or a mild price correction.
The sustained growth of Bitcoin and the underperformance of altcoins raise questions about the future dynamics of the cryptocurrency market. Investors are looking for clarity and new signals to guide their decisions.
