Bitcoin’s rally is once again world news
Last Updated on 23 May 2025 by CryptoTips.eu
Every time Bitcoin drops by 50%, almost all business newspapers predict that the largest digital currency will crash to 0, and every time they are proven wrong. Every time Bitcoin hits a new record, it is front page news. This time was no different. An Overview.
Congress
CNBC attributed Bitcoin’s new record to the rapprochement between China and the United States and the easing of tensions between the two superpowers. According to their analysts, this could trigger a period of higher prices that could last three months.
The Financial Times, which has previously been critical of digital currencies, said that Bitcoin reached a new record this week because the US Congress will soon vote on legislation that will make it easier to invest in crypto.
Euronews followed this analysis and thinks it is remarkable to see that this time institutional players are the buyers of Bitcoin, a big difference with the rally of 2020-2021.
ABC news pointed out that the falling dollar is also good news for Bitcoin (and all other risky investments). They also think that this rally is not over yet.
Bloomberg showed out some charts which it believes prove that a quick rally to $120,000 is already possible next week.
Last but not least there was Reuters, that spoke to some analysts who predict a possible price of $150,000 before the end of the year.
Curious to see who’ll be proven right.
