Flipster Crypto Weekly (May 23)

May 23, 2025

Bitcoin (BTC) surged to a new all-time high of $110,000 this week, shrugging off rising bond yields in the U.S. and Japan. 

In Japan, long-term government bond yields hit multi-decade highs as the Bank of Japan continued its exit from ultra-loose monetary policy—raising concerns about the end of the low-rate era. In the U.S., weak demand at the Treasury’s 20-year bond auction pushed yields higher, sparking fresh scrutiny of America’s growing fiscal burden. 

This sharp divergence—rising bond yields versus soaring crypto—signalsa shifting market narrative: digital assets like BTC are gaining traction as alternative stores of value amid rising debt concerns and evolving monetary regimes.

Bitcoin (BTC)

Weekly performance: +6.74%

Year-to-date (YTD) performance: +18.7%

Bitcoin (BTC) reached a new all-time high (ATH) during Wednesday’s session, breaking above the previous peak set on January 20th earlier this year. This milestone reinforces the strong bullish momentum behind the leading cryptocurrency as it enters price discovery mode with no historical resistance above. With sustained buying interest, BTC’s clear upward trend suggests the potential for further gains in the near term as it continues to attract institutional and retail attention.

Ethereum (ETH)

Weekly performance: +5.5%

Year-to-date (YTD) performance: -19.24%

Ethereum (ETH) has continued to trade within the $2,400–$2,700 range this week and is currently testing the upper boundary of that range. The $2,700 level aligns with the 200-day moving average (MA), which has acted as a firm resistance over the past week. A decisive and sustained breakout above this key technical level could signal a continuation of ETH’s positive momentum and open the door for further upside in the near term.

Solana (SOL)

Weekly performance: +7.46%

Year-to-date (YTD) performance: -3.98%

As of this writing, Solana (SOL) has broken above the $180 price level and the 200MA, both of which have acted as significant resistance zones. After consolidating sideways for the past 1.5 weeks, SOL has resumed its upward momentum. If this breakout holds, the next key resistance to watch will be the $200 level—a historically significant barrier and a psychologically important round number.

Hyperliquid (HYPE)

Hyperliquid (HYPE) surged over 18% during Thursday’s session, earning a spot on Flipster’s top mover list. The decentralized exchange (DEX) token broke out of its multi-month consolidation base on significant trading volume, reinforcing the strength and momentum behind its current breakout.

Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with a significant risk of loss due to its high price volatility, and is not suitable for all investors. Please refer to our Terms.