On May 21, 2025, Bitcoin’s price surged to $107,600, approaching its all-time high of $109,000 set in December 2024. This rally is attributed to growing optimism surrounding U.S. cryptocurrency regulations, particularly the advancement of the GENIUS Act in the Senate. The bill, which passed with a 66-32 vote, aims to establish a regulatory framework for stablecoins, requiring issuers to maintain reserves and adhere to anti-money laundering provisions.
The positive regulatory developments have bolstered investor confidence, leading to increased institutional investments in Bitcoin and other major cryptocurrencies. Ethereum, for instance, is holding steady at $2,550.
Analysts like Anthony Scaramucci predict that Bitcoin could reach between $180,000 and $200,000 by the end of 2025, citing factors such as limited supply, growing global adoption, and increased interest from institutional investors.
