Bitcoin’s price has reached $110,000, the highest level ever. It has gained 3% in the last 24 hours to surpass previous highs set earlier this year.
BitcoinBTC( ) reached a new record high of $10,788.98 at Coinbase on the evening of May 21st, just before 11:15 pm UTC. according TradingView.
Bitcoin is up around 3% in the past 24 hours. It has surpassed its previous high. all-time high It was trading above the $109,458 high it reached earlier that day. This is the first time the stock has traded over its long-held January 20th peak.
Now, the world’s biggest cryptocurrency is Bitcoin gained Since April 7, when US President Donald Trump introduced sweeping tariffs, global markets plunged to $75,000, the price has increased by 47 percent.
Bitcoin’s latest peak came as US stock market were roiled by weak bond auctions for 20 years, sending treasury rates soaring. The S&P 500 fell 80 points in half an hour while the Nasdaq and Dow Jones mirrored the move, with all US indexes trading down on the day.
Caroline Bowler of BTC Markets in Australia, the CEO, told Cointelegraph, that Bitcoin has reached a new high. “reflects a mature interest in digital assets worldwide, not the speculative surge seen in past cycles.”
“Today’s demand is driven by institutional-grade infrastructure and stronger regulatory clarity. Investor sentiment has shifted decisively, reflecting institutional-style allocations,” She also added.
Google Trends – searches Bitcoin has been on a downward trend since November. It is now near the lowest levels typical for crypto bear markets.
Meanwhile, the Crypto Fear & Greed Index, which tracks market sentiment, was at a score On May 22, 72 points out of 100 were scored. “greed.” It is now down to 84, which was the 2025 peak on January 22, two days following Trump’s inaugral.
Related: How high can Bitcoin price go?
Edward Carroll is the global market and corporate finance head at MHC Group. He told Cointelegraph, in a Cointelegraph note, that the growing demand could be driving Bitcoin’s price up to $160,000 or more by the end of the year.
The leveraged Bitcoin wagers of traders top $1.1B
While leverage trader James Wynn’s Bitcoin long trade on Hyperliquidity, the cryptocurrency platform has grown to become the biggest on-chain margin trade. exceeded Bitcoin price at its peak reaches $1.1 billion
It has an unrealized gain of $20,000,000. The leveraged 40x position had a starting point of $108,065; the entry was at that price. The position will be closed if Bitcoin falls below $103,800.
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Source: cointelegraph.com
