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 worth discovery comes amid sturdy institutional investments, favorable regulatory developments, and elevated market exercise in current weeks.
Based mostly 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 recent accumulation by Technique (previously MicroStrategy), which now holds over 576,000 BTC, roughly 2.7% of the full provide. It additionally follows rising curiosity from sovereign entities gaining oblique publicity via public equities, significantly by way of 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 sturdy governmental help for digital belongings.
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.
Customary Chartered believes the present setting is poised to push Bitcoin to a brand new excessive of $120,000 within the second quarter and probably $200,000 by year-end, citing elevated institutional adoption and favorable market circumstances.
As Bitcoin continues its upward trajectory, market individuals are carefully monitoring its efficiency, anticipating potential new all-time highs within the close to future.
Bitcoin Market Knowledge
On the time of press 4:24 pm UTC on Might. 21, 2025, Bitcoin is ranked #1 by market cap and the value 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. Study extra about Bitcoin ›
Crypto Market Abstract
On the time of press 4:24 pm UTC on Might. 21, 2025, the full crypto market is valued at at $3.42 trillion with a 24-hour quantity of $140.9 billion. Bitcoin dominance is at the moment at 63.25%. Study extra concerning the crypto market ›
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