Bitcoin Rests, Ethereum's Turn To Strengthen More Than 40 Percent In May

Illustration (photo: Unsplash)

JAKARTA - After recording a +11% increase during May 2025 and touching an all-time high of 111,971 US dollars (Rp1.82 billion). Currently, Bitcoin is entering the consolidation phase.

As the report was written, Ajaib saw that BTC could potentially move in the narrow range between 104,000 to 109,000 US dollars (Rp1.69 - 1.77 billion), a phase of "second breathing" that is common after a significant rally.

Unlike Bitcoin which began to weaken momentumally, the Financial Expert Ajaib, Panji Yudha said that seeing that Ethereum ended in May with extraordinary performance closing higher by +40.85%, to touching US$2,784 (Rp45.4 million).

Not only in terms of price, Ethereum's interest in investment products has also increased sharply. According to SoSoValue, in the period 27 '30 May, it was recorded that weekly net entry flow of 286 million US dollars was included in the Ethereum spot ETF in the US.

In fact, the report also states that BlackRock is preparing for the launch of Ethereum staking ETF which is likely to be approved by the SEC in the next two weeks.

"The signal that institutional expectations against ETH continue to increase further opens up opportunities for ETH potential to reach the level of US$3,000 (Rp48.9 million) this June," Panji said in a statement.

Even so, a big spotlight comes from the world of crypto regulation. The BITCOIN Act 2025 bill, proposed by Senator Cynthia Lummis, proposed that the US Treasury Department buy 1 million BTC within five years to form a Bitcoin Strategic Reserve "similar to a national gold reserve.

The bill received full support from President Trump through an executive order in favor of the establishment of a federal Bitcoin reserve.

"If approved, this policy will be an important milestone in the legalization and adoption of crypto assets in the country," he concluded.