Bitcoin Surges to Highest Price in Three Months on Crypto Market

The crypto market has experienced a surge in recent days, with Bitcoin (BTC) reaching its highest value in three months. According to financial expert Panji Yudha, this increase was triggered by a short squeeze worth $450 million and positive news from Washington regarding the Clarity Act, which regulates the US cryptocurrency market.

The bullish sentiment has also been fueled by institutional fund flows, with spot Bitcoin ETFs recording a net inflow of $630 million on May 1. Additionally, MicroStrategy reported a net loss of $12.54 billion in the first quarter of 2026 due to an unrealized loss from its Bitcoin holdings.

However, the company's shares have seen a significant increase, jumping 56% in the past month driven by interest in its preferred shares. Meanwhile, Toncoin (TON) has also experienced a significant gain after Telegram founder Pavel Durov announced plans to take full control of The Open Network.