Current Location：Home> Comprehensive >main body
Bitcoin Intraday Gain Percentage: What's Driving the Sudden Surge?Solana price INR
Bitcoin, the world's leading cryptocurrency, has been making headlines with its remarkable price movements. In this article, we'll delve into the intraday gain percentage of Bitcoin and explore the factors that are driving its sudden surge in the cryptocurrency market.
Recent Bitcoin Price Performance
Bitcoin has experienced significant price surges recently. On May 20, 2025, it strongly broke through the key resistance level of $106,600. The intraday high reached $107,108, and the closing price set a new record high of $106,830, with a daily gain of 3.06%. Earlier, on May 9, 2025, Bitcoin soared above $100,000. By midday, it was trading at $101,402.19, representing a 4.8% increase from the previous day. The price even touched $104,000 during the day, with a 24 - hour gain of over 6%.
Question: What was the highest intraday price of Bitcoin on May 20, 2025?
Answer: The highest intraday price of Bitcoin on May 20, 2025, was $107,108. This shows the strong upward momentum of Bitcoin on that day, which was driven by multiple positive factors in the market.
Factors Driving the Sudden Surge
1. Technical Factors
On May 20, the upward movement of Bitcoin was driven by technical - side volume expansion. The 4 - hour chart showed an 18% surge in trading volume, indicating strong buying pressure. Additionally, key technical indicators provided support. The relative strength index (RSI) on the daily chart was at 68, close to the over - bought level but not extreme, suggesting continued upward momentum. The futures basis rate rose to 7.74%, reflecting institutional investors' bullish expectations.
Question: How much did the 4 - hour chart volume increase on May 20, 2025?
Answer: On May 20, 2025, the 4 - hour chart volume of Bitcoin increased by 18%. This significant increase in volume is a good indicator of strong trading activity and usually accompanies price surges.
2. Institutional Demand
Spot ETFs for Bitcoin have been continuously accumulating. On May 20, the net inflow of the ETF on a single day was as high as $667 million, and the daily absorption of the ETF far exceeded the miner's output (450 BTC per day), which intensified the supply shortage. As of May 18, Strategy Company held approximately 576,230 Bitcoins, with a total purchase price of about $40.18 billion and a floating profit of over $23 billion. In addition, a large number of Bitcoin mining companies and listed companies are investing in cryptocurrencies through convertible bonds, preferred stocks, etc.
Question: How much was the net inflow of the Bitcoin ETF on May 20, 2025?
Answer: The net inflow of the Bitcoin ETF on May 20, 2025, was $667 million. This large - scale institutional capital inflow is one of the important factors driving the price increase, as it reflects the strong interest of institutional investors in Bitcoin.
3. Regulatory and Policy Environment
The U.S. Securities and Exchange Commission (SEC) has turned towards supporting innovation and promoting the integration of rules for encrypted asset custody. Trump's policies have stimulated funds to flow from traditional safe - haven assets to the encrypted market. Moreover, globally, over 90% of countries have introduced cryptocurrency tax policies, which, to some extent, also gives Bitcoin a more regulated and stable development environment.
Question: How has the SEC's attitude affected the Bitcoin market?
Answer: The SEC's turn towards supporting innovation and promoting the integration of rules for encrypted asset custody has had a positive impact on the Bitcoin market. It has increased the confidence of investors, especially institutional investors, as it provides a more favorable and regulated environment for the development of Bitcoin - related businesses, which in turn encourages more capital to enter the market.
4. Macro - economic Situation
The Fed's expected interest - rate cuts have increased investors' preference for risk assets. The S&P 500 index also increased by 1.2% at the same time, showing a positive correlation with Bitcoin. The trade deal between the U.S. and the U.K. injected a wave of positivity into global markets, and Bitcoin was one of the key beneficiaries. Also, investors are closely watching important economic data such as the U.S. consumer price index (CPI) data, as these data can influence the Federal Reserve's monetary policy and, in turn, affect the cryptocurrency market.
Question: Why is the Fed's interest - rate cut expectation important for Bitcoin?
Answer: When there are expectations of the Fed's interest - rate cuts, investors' preference for risk assets increases. Bitcoin is regarded as a risk asset. An interest - rate cut makes the returns of traditional assets less attractive, so investors are more likely to allocate funds to Bitcoin and other cryptocurrencies, which drives up the price of Bitcoin.
Market Reaction and Future Outlook
When Bitcoin's price surges, the entire cryptocurrency market often shows a general upward trend. On May 20, Ethereum also strengthened synchronously, with a 7.74% increase to $2,561. Market observers have noted that Bitcoin has shown a ��step - by - step�� price increase pattern recently. Each upward band is about $10,000, followed by a short period of sideways consolidation for seven to ten days. If this pattern continues, the next target price for Bitcoin may be $115,000, which is about 11% higher than the current price.
Question: What pattern has Bitcoin's price shown recently?
Answer: Bitcoin's price has shown a ��step - by - step�� pattern recently. Each upward band has an amplitude of about $10,000, and after each price increase, there is a short - term sideways consolidation period of seven to ten days. This pattern provides predictable opportunities for traders to take profits or establish new positions.