Bitcoin Price Analysis: BTC Starts Week On Positive Note, Briefly Crosses $110,000
Bitcoin (BTC) recovered over the weekend after a sharp decline on Friday. The flagship cryptocurrency raced to a new all-time high on Thursday, rising to $111,970 before settling at $111,582. However, it plunged to $107,356 after losing momentum on Friday.
Thanks to the weekend recovery, BTC is up over 2%, trading around $109,825 after briefly crossing $110,000 during the ongoing session.
Michael Saylor Hints At Impending Bitcoin Purchase
Strategy founder and executive chairman Michael Saylor has hinted at an imminent Bitcoin purchase after its recent decline from its all-time high. Saylor posted the BTC chart typically posted before big purchases, suggesting that Strategy will purchase Bitcoin once the traditional markets open on Monday. Saylor posted on X,
“I only buy Bitcoin with money I can't afford to lose.”
Strategy currently holds 576,230 BTC, valued at over $62.5 billion at current prices. If the firm completes its acquisition on May 26, it will mark the seventh consecutive week of Bitcoin purchases. Strategy has become synonymous with the flagship cryptocurrency since pivoting to the asset, inspiring other companies to follow its lead and purchase Bitcoin. This has created sustained demand for the asset from institutional investors, helping bolster the price to record levels.
Analysts like Jeff Walton believe Strategy could become a $10 trillion company, and potentially command the title of the most valuable publicly-traded corporation in the world thanks to its growing Bitcoin stockpile. Walton stated,
“Strategy holds more of the best assets, and the most pristine collateral, on the entire planet than any other company, by multiples.”
DDC Enterprise Buys 21 Bitcoin (BTC)
Hong Kong-headquartered heat-and-eat meal seller DDC Enterprise has made its first-ever Bitcoin purchase as part of its plan to acquire 5,000 BTC over the next three years. The firm announced on May 23 that it had completed the acquisition of 21 Bitcoin in exchange for 354,333 shares in a deal valued at $2.28 million. It plans on buying another 79 BTC across two purchases to bring the total to 100. The acquisitions are part of the company’s plan to acquire 5,000 BTC over the next three years. If it held 5,000 Bitcoin today, it would be just outside the top 10 public companies with the largest Bitcoin holdings, putting it behind Japanese firm Metaplanet, which has 7,800 Bitcoin.
Bitcoin Crunch As Demand Outpaces Supply
A supply crunch is reshaping the Bitcoin market as corporates hog millions of coins and dry up available liquidity. Daily corporate acquisitions are outpacing mining output, leading experts to warn of an impending imbalance that could redefine Bitcoin’s role from a volatile asset to a strategic reserve. New forecasts predict trillions in institutional inflows, while long-term holders and governments are reluctant to sell their holdings. Experts believe Bitcoin could be on the verge of a structural transformation as centralized exchanges run dry.
According to a prediction by UTXO’s Guillaume Girard and Will Owens, institutions will invest $130 billion in Bitcoin in 2025, with the number set to rise to $300 billion in 2026. They predict institutions will purchase 4.2 million Bitcoin, a staggering 20% of its total supply. According to Bitcoin Treasuries, 3.35 million BTC were held in corporate, state, and other treasuries.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) is steadying itself between $109,000 and $110,000 after witnessing a dramatic decline on Friday. The flagship cryptocurrency raced to a new all-time high on Saturday but lost momentum after encountering selling pressure around $112,000. President Trump’s renewed tariff threats against the EU also dampened investor sentiment. However, the price recovered over the weekend, climbing above $109,000 on Sunday and briefly crossing $110,000 during the ongoing session before declining. The price has rebounded despite President Trump’s latest tariff threat. However, analysts believe overall sentiment around the asset is positive.
BTC registered a marginal decline last Friday as it entered the previous weekend on a bearish note. The price registered a marginal drop on Saturday (May 17) but rebounded on Sunday, rising over 3% to cross $106,000 and settle at $106,489. BTC plunged to an intraday low of $102,135 on Monday as selling pressure intensified. However, it rebounded from this level to reclaim $105,000 and settle at $105,572, ultimately registering a drop of nearly 1%. Despite the bearish sentiment, BTC recovered on Tuesday, rising 1.21% to reclaim $106,000 and settle at $106,854.
Source: TradingView
Bullish sentiment intensified on Wednesday as the price registered an increase of 2.57% to cross $109,000 and settle at $109,603. BTC surged to a new all-time high on Thursday, racing to $111,970 before registering a marginal decline and settling at $111,582. However, BTC lost momentum on Friday after encountering selling pressure around $112,000. Donald Trump’s renewed threats of tariffs also dampened investor sentiment. As a result, the price fell nearly 4% to $107,356. BTC recovered over the weekend, rising 0.46% on Saturday and 1.15% on Sunday to reclaim $109,000 and settle at $109,095. The current session sees BTC up nearly 1%, trading around $109,900 after briefly crossing $110,000 earlier.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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