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Cryptocurrency News Articles

Bitcoin's (CRYPTO: BTC) price to move by around $20,000

May 09, 2025 at 05:20 pm

Bitcoin's (CRYPTO: BTC) price to move by around $20,000, it would need to gain roughly 21% based on its current price of $95,000

Bitcoin's (CRYPTO: BTC) price to move by around $20,000

Bitcoin(CRYPTO: BTC) price to rise by about $20,000, it would need to gain around 21% from its current level of $95,000. While such a gain won't occur in a single day, over the course of a few months, a move of this size is very possible, especially considering past trends.

The key factor influencing the cryptocurrency's price is global liquidity, which can be defined as the amount of money in the financial system. This is determined by a few key variables: central bank lending rates, which influence the cost of credit for banks and other financial institutions, and the ease with which businesses and institutional investors can access loans.

Currently, global liquidity is elevated above historical norms, and it could increase further as the Federal Reserve keeps interest rates low and may continue reducing them eventually. In essence, it will likely become less expensive for investors to obtain credit in the upcoming quarters, leading to greater liquidity and fuel for Bitcoin's growth.

Moreover, we're witnessing an increase in institutional interest in Bitcoin. For instance, Tesla (NASDAQ:TSLA) holds approximately $1.1 billion worth of the coin on its balance sheet, and big U.S. banks are now permitted to hold the asset on their balance sheets following a regulatory adjustment earlier in 2025, potentially contributing to buying pressure.

Finally, Bitcoin's price is also influenced by its hashrate, which measures the computational power used to mine the cryptocurrency. A higher hashrate generally indicates greater security for the Bitcoin network and can also contribute to price increases.

Taking all of these factors into account, it seems plausible that Bitcoin's price could continue its upward trajectory in the coming months, potentially reaching new highs.

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Other articles published on Jun 07, 2025