Bitcoin Hits Record Highs Fueled by AI, Futures

In early May 2025, Bitcoin surged to new all-time highs, driven by increased trading volumes, AI-driven trading algorithms, and rising open interest in futures markets. Analysts including Crypto Rover, Avocado_onchain, and Timothy Peterson highlighted parallels with previous post-halving rallies and set ambitious price targets, some as high as $101,000 or $135,000, contingent on favorable macroeconomic conditions. The rally coincided with a dip in gold prices, leading to renewed debate over Bitcoin's role as a digital store of value. On-chain data showed strong accumulation and higher activity among active addresses and wallets. Some experts cautioned that over-leveraged positions could introduce volatility. These factors suggest 2025 may be a landmark year for Bitcoin, attracting both short-term traders and long-term investors.