Bitcoin breaks $109k ATH to enter price discovery once again
Bitcoin (BTC) surged to a excessive of $109,476 within the first two hours of the New York buying and selling session, to interrupt its all-time excessive of $109,353 set in January.
The newest rally into value discovery comes amid robust institutional investments, favorable regulatory developments, and elevated market exercise in latest weeks.
Primarily based on CryptoSlate information, Bitcoin was buying and selling at $109,2460 as of press time, up 4.3% over the previous 24 hours.
The rally follows contemporary accumulation by Technique (previously MicroStrategy), which now holds over 576,000 BTC, roughly 2.7% of the entire provide. It additionally follows rising curiosity from sovereign entities gaining oblique publicity by way of public equities, significantly through Technique shares.
The US Senate’s development of the bipartisan GENIUS Act, specializing in stablecoin regulation, has bolstered market sentiment. Moreover, President Donald Trump’s government order establishing a Strategic Bitcoin Reserve in January indicators robust governmental help for digital property.
Bitcoin’s 24-hour buying and selling quantity reached $50.84 billion, with a market capitalization of $2.13 trillion. Futures market exercise has additionally intensified, with open curiosity hitting an all-time excessive of $76.20 billion on Might 21, indicating heightened investor engagement.
Commonplace Chartered believes the present setting is poised to push Bitcoin to a brand new excessive of $120,000 within the second quarter and doubtlessly $200,000 by year-end, citing elevated institutional adoption and favorable market circumstances.
As Bitcoin continues its upward trajectory, market members are carefully monitoring its efficiency, anticipating potential new all-time highs within the close to future.
Bitcoin Market Information
On the time of press 4:24 pm UTC on Might. 21, 2025, Bitcoin is ranked #1 by market cap and the worth is up 4.06% over the previous 24 hours. Bitcoin has a market capitalization of $2.17 trillion with a 24-hour buying and selling quantity of $61.98 billion. Be taught extra about Bitcoin ›
Crypto Market Abstract
On the time of press 4:24 pm UTC on Might. 21, 2025, the entire crypto market is valued at at $3.42 trillion with a 24-hour quantity of $140.9 billion. Bitcoin dominance is at present at 63.25%. Be taught extra concerning the crypto market ›
Talked about on this article
