Daily Market Report – May 21, 2025
The crypto market remains elevated, with Bitcoin (BTC) climbing to $107,500, continuing its steady push into higher territory. Ethereum (ETH) also rebounded and is now trading at $2,557, trimming earlier losses. The Fear & Greed Index remains firmly in the “Greed” zone at 69, while $116.51 million in futures liquidations reflects ongoing leveraged rebalancing. Long/short ratios for BTC and ETH hovered near parity, showing neither bulls nor bears have seized full control.
Altcoin activity stayed hot, with SXT up 21.63%, EPT gaining 17.19%, and WCT rising 16.72%. Meanwhile, older tokens like COLLAT, TROLL, and House all surged between 15–50%, with renewed attention pushing their market caps toward multi-week highs.
Key headlines include Strive’s bid to secure 75,000 BTC through Mt. Gox claims to form a sovereign Bitcoin reserve, and the SEC’s fraud charges against Unicoin, tied to over $100 million in alleged violations.
On the institutional front, Blackstone made its first BTC purchase via a $1.08M investment in the IBIT ETF, and FTX confirmed it will begin creditor repayments on May 30, with an initial 72.5% payout for claims over $50,000.
In politics, President Trump’s tax bill is meeting internal resistance, while on-chain observers noted that Ethereum co-founder Jeffrey Wilcke now holds just 265.4 ETH, sparking renewed discussion on early whale activity.
Michael Crag
