Binance Research’s weekly market comments report highlights Bitcoin ATH and organizational developments

• Bitcoin, which takes advantage of these developments and progress in the American Stablecoin legislation, has reached the highest new level, an increase of 17.8 % on an annual basis.
• This increase was affected by mitigating global trade tensions, progressing in Stablecoin legislation, and turning investor feelings amid financial uncertainty.

The cryptocurrency market witnessed great developments in the week leading to May 23, 2025, with Bitcoin reaching the highest new level ever. This increase was influenced by mitigating global trade tensions, progressing in the legislation of Stablecoin, and the transformation of investor feelings amid financial uncertainty, as stated in the suspension of the weekly market for Binance Research a report.

Market overview

The latest progress in trade relations between the United States and China, including tariffs and selective discounts, led to a mitigation of tensions in the market and reduced the risk of immediate recession. Consequently, American stocks have regained most of the losses since late February, as S&P 500 decreased by only 1.0 % on an annual basis. Bitcoin, which takes advantage of these developments and progress in the American Stablecoin legislation, has reached the highest new level, an increase of 17.8 % on an annual basis.

Although definitions of peak levels are low, they remain high compared to the rules of war before trade. At the same time, the tightening of the continuous federal reserve and the high market revenues of dual challenges: slowing growth amid stubborn inflation and widespread financial spending that may eat confidence in long -term financial sustainability. These factors contributed to the flow of global funds away from the US dollar, as the DXY index decreased by 8.3 % on an annual basis, and the most severe treasury revenue curve-a trend that is likely to continue until policies turn towards reinforced financial control.

Another market shot reveals contradictory offers through the classes. According to weekly return data:

• Bitcoin (BTC) recorded one week for a week of 6.3 %, which prompted its return to 17.8 %, indicating the continued investor confidence.
• However, ETHEREUM (ETH) has witnessed a large weekly decrease of 22.2 %, raising its YTD performance to -0.7 %, reflecting market fluctuations, perhaps related to developments or developments related to essence.
• Gold has gained 4.9 % per week, which increased its growth by 27.1 % YTD, while maintaining its role as a safe origin in total economic uncertainty.
• Meanwhile, traditional markets such as the S&P 500 and the US Treasury for 10 years have registered minor declines, indicating the investor warning.
• The US dollar index (DXY) also decreased by 1.4 % for the week, with a wider YTD loss by 8.3 %, reflecting the strength of the weak dollar worldwide.

Looking at the future, many macroeconomic events and encryption may be in expectations next week. The main points include:

• May 22nd: PMI S & P Global Flash Services and 20-year bond auction-critical indicators of the American economic power.
• May 23The CPI version in Japan will shed light on inflation directions that affect the policy of Japan Bank.
• May 26Federal Reserve Speaker Powell’s speech can provide pivotal evidence of future prices.
• May 27Crypting fans will closely see the Bitcoin 2025 and Ethprague 2025 conference, both of which are possible sources of the main ads.
• May 29FOMC meetings will provide US FOMC meetings and unemployment data in Japan more total economic guidance.

Data points and events may push these fluctuations across both traditional and digital asset markets.

Performing digital assets

Bitcoin increased by 6.3 % during the past week, reaching the highest new level ever at 110,797 dollars. Among the five best cryptocurrencies depending on the market value, bitcoin only exceeded its highest level since the beginning of the year.

ETHEREUM (ETH), although it is still largely flat this week, witnessed a significant increase of 43 % in the previous week, increasing from about $ 1820 to 2600 dollars. This represents the largest profit of 7 days since 2021, when the decentralized financing (Defi) gained the first emergence.

The products traded on the stock exchange in the United States (ETPS) in the sixth week in a row from net flows, pushing the total flows of more than $ 8 billion, which is the third highest -week -long since its launch in early 2024. This momentum has paid a new cumulative net flow at 43.4 billion dollars. On the other hand, the Golden ETPS in North America recorded two consecutive weeks of external flows, indicating a more softening investor request on the traditional security of safety.

Organizational developments: the genius law

On May 19, 2025, the US Senate developed a genius law by voting 66-32, which paves the way for official discussion and amendments. Although the draft law is not yet final and requires more approval of the Senate and the Council, potential legislation may occur early in July. Development has already sparked a major discussion through the encryption industry and is widely seen as a positive signal.

The main initial provisions of the Genius Law include:

• Definition “Stablecoin”: It excludes paid payments from the classification of securities and commodities, which may affect Defi symbols.
• The issuance of the United States and supervisionOnly the entities licensed by the United States may issue Stablecoins at the local level; The draft law also proposes mechanisms for overseeing foreign exporters working in the American judicial state.
• Landfits similar to the bankSources will be subject to the regulation of the bank level, with a three -year grace period for digital asset service providers.
• Reserve requirementsStablecoins should support reserves in the US dollar, treasury bills, or liquid assets likewise.
• Prohibition of source revenuesSignificant exporters cannot provide interest and strengthen Stablecoins as a way to pay instead of an investment vehicle.

The proposed legislation provides a clear regulatory framework for Stablecoins, which is probably enhancing market stability, legitimacy to the class of assets, and attracting traditional financial institutions. As a global regulatory leader, the United States can also affect international standards and promote compatibility across judicial states.

Market engine

As of May 23, 2025, the global market value of the cryptocurrency is $ 3.46 trillion, a decrease of 1.04 % during the last day. Bitcoin has been trading between 107,250 dollars and 111,959 dollars over the past 24 hours, at a price currently at $ 111,149, an increase of 0.42 %.

Most of the main encrypted currencies depending on the market value are mixed. The outstanding markets include WLD, Fet and Kerneel, an increase of 19 %, 15 %, and 13 %, respectively.

conclusion

Last week was a pivotal for the cryptocurrency market, with Bitcoin reaching new horizons amid commercial tensions and significant regulatory developments. The progress of the genius law indicates a move towards clearer regulatory frameworks, which may enhance more stability and institutional participation in the encryption space. With the continued development in the market, investors and stakeholders will closely monitor these developments and their effects on the wider financial ecosystem.

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