The Incrypted editorial team has prepared a new digest highlighting key events in the cryptocurrency industry. Among the main topics: the impact of the trade war between the USA and China on the market, the inclusion of Coinbase in the S&P 500 index, a data leak from Coinbase, and issues with the virtual assets bill in Ukraine.
This is reported by Finway
Market Highlights
Bitcoin experienced a sharp price surge on May 12, 2025, due to an agreement between China and the USA to reduce mutual tariffs. On that day, the asset’s price reached $105,000. The following day, the growth continued, bolstered by positive news regarding inflation in the USA. Although there were some minor dips afterward, Bitcoin generally remained within the range of $101,000 to $104,000. As of today, the price of Bitcoin stands at $103,893 on the Binance exchange.
Expert Predictions
The co-founder of BitMEX, responding to the rapid rise in Bitcoin’s price, urged traders to “buy everything,” while asserting that the trade war is far from over. Blockstream CEO Adam Back predicts that Bitcoin could reach between $500,000 and $1 million within the current four-year cycle. Experts at JPMorgan Chase believe that in the second half of 2025, Bitcoin will outpace gold in growth rates due to an influx of institutional capital.
In the investment sphere, the Japanese company Metaplanet invested 18.4 billion yen (approximately $124.6 million) to purchase 1,241 BTC, raising its total holdings to 6,796 BTC. Brazilian fintech company Méliuz also announced the purchase of 274.52 BTC for $28.4 million.
“We are currently preparing for the possible establishment of a national Bitcoin reserve,” noted Yaroslav Zheleznyak, the first deputy chairman of the Committee on Finance, Tax, and Customs Policy.
In light of the situation in Ukraine, information has emerged about the possibility of creating a state strategic Bitcoin reserve. According to a member of parliament, a relevant bill will be submitted soon.
Thus, the cryptocurrency market demonstrates activity and investment attraction despite challenges in legislation and global economic instability.