Bitcoin Soars Past $105K as JPMorgan Favors Crypto Over Gold Amid Market Rally

Bitcoin Price Surges and Market Developments: A Press Review

JPMorgan Flips to Bitcoin, Predicts Outperformance Over Gold

According to Forbes, Bitcoin has reclaimed the $100,000 mark per coin, surpassing this closely-watched level despite warnings from BlackRock. JPMorgan analysts, led by Nikolaos Panigirtzoglou, have shifted their preference from gold to Bitcoin, forecasting that Bitcoin will outperform gold for the remainder of 2025. The analysts noted, "Between mid-February and mid-April gold was rising at the expense of bitcoin, while of the past three weeks we have been observing the opposite, i.e. bitcoin rising at the expense of gold." They expect this "zero sum game" between gold and Bitcoin to continue, but with a bias toward Bitcoin due to crypto-specific catalysts.

These catalysts include the anticipated passage of pro-crypto legislation in the U.S. and support from former President Donald Trump. A significant development is the upcoming debate in Congress over the "Genius Act," which aims to establish a regulatory framework for payment stablecoins. Senator Bill Hagerty stated, “Next week, the Senate will make history when we debate and pass the Genius Act that establishes the first ever pro-growth regulatory framework for payment stablecoins.” The bill has been redrafted to address concerns about consumer protection and national security.

“We’re actually having these conversations in real-time—I’m extremely confident in the fact that they will get it pushed through, we’d love to see it on the president’s desk. We’re well on our way to achieving the presidents’ goal. We are moving extremely quickly and effectively.” — Bo Hines, executive director of the president’s council of advisors for digital assets, at the Consensus crypto conference.

JPMorgan previously warned that Bitcoin’s reputation as “digital gold” was under pressure when its price dropped to around $75,000, a 30% fall from its all-time high of nearly $110,000, due to market volatility triggered by Trump’s trade policies. However, Bitcoin has since rebounded above $100,000. Bill Miller IV, chief investment officer at Miller Value Partners, told CNBC that Bitcoin’s price could eventually reach $1 million, citing its “functional superiority” over gold. Gadi Chait of Xapo Bank highlighted that Bitcoin’s market capitalization is “back above $2 trillion and gold trading north of $3,200/oz, the two now stand side-by-side—as hedges against geopolitical turmoil and, increasingly, as high-conviction stores of value for the future.”

Asset	Recent Price	Market Capitalization
Bitcoin	$100,000+	$2 trillion+
Gold	$3,200/oz	$20 trillion (target, per Bill Miller IV)

JPMorgan expects Bitcoin to outperform gold in 2025.
Congress is set to debate the Genius Act for stablecoin regulation.
Bitcoin’s market cap has rebounded above $2 trillion.

Key Takeaway: Institutional sentiment is shifting in favor of Bitcoin, with major legislative and market catalysts expected to drive further growth in 2025. (Source: Forbes)

Bitcoin Hits $105,327, Triggers $250 Billion Crypto Rally

CryptoNinjas reports that Bitcoin surged to $105,327.55, marking a 37.5% increase from its April low of under $75,000. This rally pushed Bitcoin’s market value above $2.05 trillion and led to a $250 billion increase in the total cryptocurrency market capitalization within just five trading days. The overall crypto market capitalization soared past $2.65 trillion, with Bitcoin’s dominance rising above 53.2%, its highest in over three years.

The rally was fueled by several macroeconomic and institutional factors:

U.S. Consumer Price Index (CPI) for April was 3.3%, lower than expected, raising hopes for a Federal Reserve rate cut in the summer.
Coinbase debuted in the S&P 500, the first crypto-native company to enter the index.
BlackRock’s Bitcoin ETF saw daily inflows of over $400 million, with total assets reaching $18 billion, behind only Fidelity and Grayscale.
Chinese investor interest increased as trade tensions eased.

Open interest in Bitcoin futures reached a record high of over $36 billion, indicating strong trader conviction. Altcoins also benefited, with Ethereum surpassing $6,000 (a 12% jump in 24 hours), Solana reclaiming $200, and meme coins like PEPE and DOGE posting double-digit gains. Whale wallets accumulated millions worth of PEPE, suggesting institutional rotation into high-volatility assets.

Metric	Value
Bitcoin Price	$105,327.55
Market Cap (BTC)	$2.05 trillion
Total Crypto Market Cap	$2.65 trillion
BTC Dominance	53.2%
BTC Futures Open Interest	$36 billion+
Ethereum Price	$6,000+
Solana Price	$200+
BlackRock Bitcoin ETF Daily Inflows	$400 million+
BlackRock Bitcoin ETF Total Assets	$18 billion
U.S. CPI (April)	3.3%

Analysts are now watching the $110,000–$115,000 range as the next resistance for Bitcoin, with ongoing ETF inflows and favorable macro conditions potentially supporting further gains, especially if Ethereum ETFs gain traction in the coming weeks.

Key Takeaway: Bitcoin’s surge to over $105,000 has triggered a broad crypto market rally, with institutional inflows and macroeconomic factors driving optimism. (Source: CryptoNinjas)

Real-Time Market Data and Recent Developments

According to Investing.com, Bitcoin’s price rebounded to nearly $104,000 on May 16, 2025, as investors responded to the Federal Reserve’s interest rate outlook following subdued U.S. inflation data. On-chain data from Glassnode revealed that Bitcoin’s recovery to recent highs of $105,787 was primarily spot-driven, with strong buying activity.

The broader crypto market also saw significant activity:

Ethereum broke above $6,000.
Solana rallied, with a 64% increase noted as a possibility for further gains.
Dogecoin and meme coins like PEPE experienced double-digit growth.
Options expiry on May 16 involved $3.4 billion in Bitcoin and Ethereum contracts.
BTC’s 200-week moving average moved above $47,000, a technical signal watched by analysts.

Major exchanges Binance and Kraken successfully defended against social-engineering hacks, and Coinbase’s CEO responded to a $20 million Bitcoin ransom and customer data attack. Additionally, a whale wallet accumulated 2.21 trillion PEPE worth $29 million during a market dip, signaling bullish sentiment among large holders.

Asset	Recent Price	Notable Event
Bitcoin	$104,000–$105,787	Spot-driven recovery, $3.4B options expiry
Ethereum	$6,000+	12% jump in 24 hours
PEPE	—	2.21T accumulated ($29M)

Key Takeaway: Real-time data confirms strong spot buying and technical signals supporting the ongoing crypto rally, with major assets and meme coins alike benefiting from renewed investor confidence. (Source: Investing.com)

Summary Infobox

Bitcoin has surged above $105,000, with market capitalization exceeding $2 trillion.
JPMorgan predicts Bitcoin will outperform gold in 2025, citing legislative and institutional catalysts.
The total crypto market cap increased by $250 billion in five days, reaching $2.65 trillion.
Ethereum, Solana, and meme coins like PEPE and DOGE have posted significant gains.
Key macroeconomic factors include a lower-than-expected U.S. CPI (3.3%) and expectations of a Fed rate cut.
Congress is set to debate the Genius Act, which could establish a regulatory framework for stablecoins.

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