Bitcoin has recently surpassed the $100,000 milestone, marking a significant recovery with a 22% monthly gain and a year-to-date performance of 10.8%. This rally has reignited trader enthusiasm, as evidenced by the near-record levels of futures open interest (OI) for BTC, which has exceeded $67.5 billion. This surge in OI, the seventh such spike this year, mirrors patterns observed earlier in January, hinting at a sustained bullish momentum. The cryptocurrency market is witnessing a strong resurgence, with Bitcoin leading the charge and attracting renewed investor interest.
Bitcoin Price Rally Sparks Bullish Momentum as Traders Flock Back
Bitcoin surged past the $100,000 mark, erasing months of declines with a 22% monthly gain. Year-to-date performance now stands at 10.8%, signaling a strong recovery. Futures open interest (OI) for BTC has neared 2025 record levels, reflecting renewed trader enthusiasm.
CoinGlass data reveals OI exceeding $67.5 billion, marking the seventh such spike this year. Similar volume patterns in January preceded Bitcoin's current all-time high, suggesting potential for further upside. Market participants are positioning for a rally toward $125,000 as bullish sentiment solidifies.
eToro Stock Surges 29% in Nasdaq Debut as Crypto Market Watches Closely
eToro's shares soared nearly 29% during their Nasdaq debut, closing at a $4.2 billion valuation. The trading platform raised $310 million by selling 6 million shares at $52 each—well above its initial target range. This marks the first successful IPO in the fintech space since competitors like Robinhood and Circle delayed listings amid April's market turbulence.
Bitcoin edged lower to $103,400 as major stock indexes showed mixed performance. The S&P 500 and Nasdaq gained while the Dow Industrials declined. Market participants now watch whether eToro's strong debut will revive IPO plans for other crypto-adjacent firms.
Metaplanet Q1 2025 Revenue Soars 943% YoY on Bitcoin Strategy
Metaplanet Inc. (TOKYO: 3350) reported explosive first-quarter growth, with revenue surging 943% year-over-year to ¥877 million. The Japanese firm's aggressive Bitcoin pivot fueled the gains, as 88.1% of total revenue came from BTC option sales.
The company now holds 6,796 BTC and recently issued $15 million in zero-coupon bonds to accelerate its treasury accumulation strategy. Metaplanet aims to amass 10,000 BTC by year-end, doubling down on its cryptocurrency bet as traditional hotel operations decline to just 11.9% of revenue.
Peter Schiff Highlights Bitcoin's Hedging Utility in MicroStrategy Short
Peter Schiff, a longtime bitcoin skeptic, has acknowledged a rare practical use case for the cryptocurrency. The gold advocate pointed to hedge fund manager Jim Chanos' strategy of shorting MicroStrategy stock while simultaneously holding Bitcoin as a hedge. This marks one of the first instances where Bitcoin has been formally recognized as a hedging instrument in traditional finance.
Chanos' approach demonstrates Bitcoin's evolving role in institutional portfolios. By pairing a short position on MicroStrategy with long Bitcoin exposure, the strategy effectively neutralizes the company's Bitcoin-heavy balance sheet risk. Schiff's ironic endorsement underscores how even crypto critics are beginning to recognize Bitcoin's financial utility beyond pure speculation.
MicroStrategy's aggressive Bitcoin accumulation has made its stock a proxy for crypto exposure. The Chanos trade highlights how sophisticated investors are developing nuanced approaches to crypto-related equities. As corporate Bitcoin holdings become more common, such hedging strategies may gain traction across Wall Street.
Ukraine Plans Europe’s First Strategic Bitcoin Reserve with Binance Support
Ukraine is poised to become the first European nation to establish a Strategic Bitcoin Reserve, with crypto exchange Binance backing the initiative. Yaroslav Zhelezniak, a Ukrainian MP and Deputy Chairman of the Finance Committee, confirmed plans to introduce a bill in parliament focused solely on creating a national Bitcoin reserve. The legislation marks a narrowing of scope from earlier proposals for a broader crypto reserve.
Binance's regional head for CEE, Central Asia, and Africa, Kirill Khomyakov, affirmed the company's support but noted significant legislative hurdles remain. "The creation of such a reserve requires comprehensive legal frameworks," Khomyakov stated, underscoring the challenges ahead for Ukraine's ambitious crypto strategy.
Trump To Sign Crypto Laws By August, Says Bo Hines
Significant regulatory developments for the cryptocurrency sector are on the horizon, with WHITE House advisor Bo Hines confirming President Trump's intent to enact pivotal legislation by August. The announcement, made during Consensus Toronto 2025, highlighted progress on stablecoin oversight and market structure frameworks—key pillars for institutional adoption.
Negotiations continue behind closed doors, but the administration's commitment to establishing a clear regulatory foundation signals a strategic shift. Notably, the potential inclusion of Bitcoin reserves in national financial strategy underscores growing recognition of digital assets' macroeconomic role.
