Bitcoin Leads Crypto Market Surge as Altcoins Poised for New All-Time Highs

The cryptocurrency market is experiencing a significant upward trend, with Bitcoin at the forefront of this rally. As of May 12, 2025, the total market capitalization has risen to $3.36 trillion, reflecting a 0.78% increase, while trading volume surged by 1.71% to $141.83 billion. This bullish sentiment is further highlighted by a Fear & Greed Index reading of 73, indicating strong investor confidence. Bitcoin, trading at $104,306.94, has seen weekly gains exceeding 10%, solidifying its position as the market leader with a $2.07 trillion valuation and $52.5 billion in daily volume. With the market poised for further growth, several altcoins are expected to hit new all-time highs this week, making it an exciting time for crypto investors.

Top 5 Altcoins to Hit ATH This Week!

The cryptocurrency market has regained upward momentum, with total capitalization rising 0.78% to $3.36 trillion. Trading volume surged 1.71% to $141.83 billion as bullish sentiment strengthened, reflected in a Fear & Greed Index reading of 73.

Bitcoin leads the charge, trading at $104,306.94 with weekly gains exceeding 10%. The flagship cryptocurrency now commands a $2.07 trillion market valuation with $52.5 billion in daily volume. A decisive break above $106,000 could propel BTC past its current all-time high of $109,114.80, potentially triggering broader market upside.

Metaplanet Expands Bitcoin Holdings to 6,796 BTC, Surpassing El Salvador

Metaplanet Inc., a Tokyo-listed firm, has aggressively increased its Bitcoin treasury with a $126.7 million purchase of 1,241 BTC at an average price of $102,119 per coin. The company now holds 6,796 bitcoins—making it Asia’s largest corporate holder and the 10th globally—surpassing El Salvador’s national reserves.

Total investment in bitcoin now stands at $608.2 million with an average acquisition cost of $89,492 per BTC. At current valuations, Metaplanet’s holdings are worth approximately $706.7 million, reflecting growing institutional conviction in cryptocurrency as a strategic asset.

David Bailey Raises $710M for Bitcoin Treasury in Landmark Merger

David Bailey, CEO of Nakamoto and a key cryptocurrency advisor to former U.S. President Donald Trump, has secured $710 million in funding to establish a Bitcoin treasury-backed entity. The capital raise coincides with a strategic merger with healthcare data firm KindlyMD, marking a significant step toward integrating Bitcoin with traditional industries.

The merger aims to bolster Bitcoin’s institutional credibility and accelerate its adoption in mainstream financial markets. Bailey’s dual role as both a crypto executive and political advisor underscores the growing convergence between digital assets and traditional power structures.

This MOVE signals mounting institutional confidence in Bitcoin’s long-term value proposition, particularly as a treasury asset. The healthcare sector partnership demonstrates Bitcoin’s expanding utility beyond pure financial applications.

Trump-Linked Mining Firm to Merge and Go Public

Hut8’s subsidiary, American Bitcoin, a mining firm with ties to former President Donald Trump, is preparing to go public through a merger with Gryphon Digital. This strategic move aims to bolster its position in the competitive crypto mining sector and attract broader investor interest.

The merger underscores the increasing mainstream acceptance of blockchain technologies and cryptocurrency mining. By combining resources, American Bitcoin seeks to expand its market influence and operational capacity, signaling confidence in the long-term viability of digital asset infrastructure.

Metaplanet Surpasses El Salvador in Bitcoin Holdings with Eyes on 1% of Global Supply

Metaplanet, a Tokyo-listed firm, has overtaken El Salvador to become Asia’s largest corporate holder of Bitcoin, amassing 6,796 BTC. The company’s aggressive acquisition strategy—modeled after MicroStrategy—aims to secure 21,000 BTC, equivalent to 1% of Bitcoin’s total supply. This move signals a seismic shift in institutional adoption, challenging traditional notions of monetary sovereignty.

The recent purchase of 1,241 BTC for $129 million underscores Metaplanet’s conviction in Bitcoin as a hedge against macroeconomic instability. With no direct exchange involvement disclosed, the accumulation reflects a strategic bet on Bitcoin’s scarcity and long-term store-of-value proposition.