Bitcoin’s March Toward $100K and the Shifting Crypto Landscape in May 2025

The cryptocurrency world is buzzing with activity this May, as Bitcoin edges closer to the $100,000 milestone and altcoins navigate mixed market signals. While Bitcoin continues to dominate the headlines, Ethereum, XRP, and Cardano are experiencing varied price movements, and regulatory shifts across the U.S. and Europe are adding complexity to the market outlook. Here’s a snapshot of the latest developments reshaping the crypto sector.

Bitcoin Leads the Charge with Institutional Backing

Bitcoin (BTC) has surged past $97,000, fueled by a wave of institutional accumulation and optimism ahead of the Federal Reserve’s upcoming policy decision. In early May, large investors added over 81,000 BTC to their holdings, signaling strong confidence in Bitcoin’s long-term trajectory. This accumulation has propelled Bitcoin’s market dominance to 55.3%, its highest level since April 2021, reflecting a shift away from riskier altcoins.

The anticipation of central bank decisions has further heightened Bitcoin’s appeal as both a store of value and an inflation hedge. Analysts suggest that if the momentum continues, the $100,000 target could be reached in the coming weeks. For deeper insights on this trend, see this analysis from Blockchain News.

Altcoins Navigate Headwinds and Upgrades

While Bitcoin surges, altcoins like Ethereum (ETH), XRP, and Cardano (ADA) are grappling with a mix of opportunities and challenges. Ethereum is trading around $1,813 after a slight dip, but the network’s recent Dencun upgrade has successfully slashed gas fees, which could strengthen user engagement and developer activity in the near term.

XRP, on the other hand, has declined to approximately $2.08, largely due to profit-taking and persistent regulatory uncertainty. Meanwhile, Cardano has slipped to $0.66, with analysts watching closely for technical signals that might suggest a rebound. Market watchers caution that altcoins may remain under pressure as capital rotates into Bitcoin during this strong rally phase.

Regulatory Changes Redefine the Playing Field

In the United States, lawmakers are grappling with the proposed GENIUS Act, designed to set a formal regulatory framework for digital assets. However, the bill is facing resistance, partly because of concerns over potential conflicts of interest tied to former President Donald Trump’s crypto business interests. Adding to the complexity, New Hampshire recently became the first U.S. state to establish a cryptocurrency reserve, allowing up to 5% of public funds to be invested in digital assets like Bitcoin — a landmark move that could influence other states.

Across the Atlantic, the UK’s Financial Conduct Authority (FCA) plans to ban retail investors from purchasing crypto with borrowed funds, a move intended to protect consumers and ensure market stability. This reflects a broader global trend of tightening regulations, signaling that while crypto adoption is growing, so too is scrutiny from policymakers. For a closer look at the U.S. regulatory landscape, visit this Time article.