Intraday Crypto Market Update May 20–21 | Bitcoin and Ethereum Price Movement Analysis in IST Time

Intraday Crypto Market Update: May 20 6 PM IST – May 21 8:25 AM IST

Over the past 14 hours and 25 minutes, Bitcoin surged past the $106 000 mark, Ethereum rallied toward $2 900, and major altcoins experienced mixed movements as U.S. regulatory developments and institutional inflows shaped a bullish intraday crypto market trend.
Sources: 0

Bitcoin Performance

Bitcoin opened at around $105 380 at 6 PM IST on May 20, 2025, driven by institutional ETF inflows and renewed buying interest, then climbed to $107 000 by 11 PM before settling near $106 500 in early Asian trading on May 21, 2025 at 8:25 AM IST 1.

The price surge was supported by the U.S. Senate’s advancement of stablecoin regulation, fostering confidence in the broader crypto ecosystem 2, and by $6.9 billion in ETF inflows reported on May 20, 2025 3.

Ethereum Performance

Ethereum traded at roughly $2 900 on May 20 at 6 PM IST and spiked 8% intraday, reaching near $3 000 by 2 AM IST, before pulling back to $2 950 by 8:25 AM IST on May 21, 2025 4.

Analysts noted that ETH’s bull‐flag pattern between $2 400 and $2 750 set the stage for the sharp rally above $2 900 during this period 5.

Altcoin Highlights

— Chainlink and Aave led gains among top altcoins, with both jumping over 7% from the May 20 evening lows 6.
— XRP and Solana showed moderate gains of 1.5%–5.5%, influenced by profit‐taking into the U.S. market open on May 21, 2025 7.

Key Market Drivers

1. Regulatory Catalyst: The GENIUS Act’s progress in the U.S. Senate fueled risk‐on sentiment, as it aims to impose reserve requirements and AML safeguards for stablecoins 8.
2. Institutional Flows: Record ETF inflows of $6.9 billion and corporate Bitcoin purchases by Strategy (formerly MicroStrategy) underpinned the price breakout 9.
3. Macro Tailwinds: Following Moody’s U.S. credit downgrade, crypto proved resilient compared to equities and gold, attracting portfolio hedging demand 10.

Outlook

As of 8:25 AM IST on May 21, 2025, momentum remains bullish for Bitcoin and Ethereum, with key support levels at $105 000 and $2 850 respectively. Watch for potential profit‐taking around $108 000 for BTC and $3 100 for ETH.

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