Daily Market Report – May 20, 2025
Crypto markets pushed higher today, with both Bitcoin and Ethereum extending their momentum. Bitcoin (BTC) rose 1.26% to $106,176.88, reaching an intraday high of $106,853.27. Meanwhile, Ethereum (ETH) surged 6.60% to $2,566.86, riding a wave of revived on-chain activity and strong altcoin correlation. ETH traded in a wide range from $2,349.05 to $2,587.91. Futures liquidations totaled $115.48 million, driven by forced exits from short positions, while sentiment held steady at 68 on the Fear & Greed Index. Both BTC and ETH long/short ratios remained balanced, reinforcing a measured but bullish tone.
Altcoins gained strength alongside majors. AAVE led the pack with a 26.26% gain, followed closely by NAC at 24.29% and WCT at 23.52%, reflecting a strong rotation into blue-chip DeFi tokens. Old on-chain favorites also made a comeback: COLLAT, SSE, and PVS all rallied over 30–40% in the past 24 hours, signaling renewed interest in previously dormant assets.
In platform developments, Jupiter announced transaction aggregation capabilities on its time-tokenization platform, time.fun, aimed at improving settlement efficiency. Meanwhile, the SEC delayed approval of several Solana ETF proposals, citing the need for further legal and policy review—a move that may dampen short-term sentiment around ecosystem-native funds.
On the institutional front, Circle moved forward with its IPO plans at a $5 billion valuation, while also holding acquisition discussions with Ripple and Coinbase, hinting at deeper consolidation across crypto payments and fintech. Additionally, JPMorgan CEO Jamie Dimon confirmed that bank customers will soon be able to buy Bitcoin directly, though JPM will not provide custody services.
From a geopolitical perspective, President Trump announced that Russia and Ukraine will begin ceasefire negotiations, which helped boost global risk appetite across equity and crypto markets alike. Finally, Matrixport reported that its bull-bear indicator has flipped bullish, suggesting BTC may be on track to test a new all-time high in the near term.
Michael Crag
