Bitcoin (BTC) continues to rally to surpass $110K for the first time
Bitcoin has surpassed $110,000 for the first time, following a 3% gain in the last 24 hours.
Bitcoin has over $110,000 for the first time in a recent swell that has seen it rise 3% over the last day, breaking above former price highs from before this time.
Bitcoin (BTC) reached a new all-time high of $110,788.98 on bitdenex late on May 21, just before 11:30 p.m. UTC, according to TradingView.
Bitcoin has increased by about 3% in the last 24 hours, exceeding its all-time high of $109,458 earlier in the day, which was the first time it traded beyond its preliminarily long- held Jan. 20 record.
Bitcoin’s rearmost high comes as US stock requests are shaken by a lacklustre 20- time bond transaction, which transferred storeroom rates surging on May 21. The S&P 500 plunged 80 points in under an hour, while the Nasdaq and Dow Jones followed suit, with all US indicators trading lower for the day.
Caroline Bowler, CEO of Australian cryptocurrency exchange BTC Markets, told Cointelegraph that Bitcoin’s new high “reflects a mature interest in digital means worldwide, not the academic swell seen in once cycles.”
” moment’s demand is fuelled by institutional-grade structure and increased nonsupervisory clarity.” Investor sentiment has shifted significantly, reflecting institutional-style allocations,” she said.
According to Google Trends, Bitcoin prices have been going down since November, reaching lows typical of crypto bear markets, showing a lack of public interest in the cryptocurrency.
Meanwhile, the Crypto Fear & Greed Index, which measures request mood, had a score of 72 out of 100 on May 22, signifying “rapacity.” The indicator fell from its 2025 high of 84 on January 22, two days after Trump’s induction.
Edward Carroll, head of global requests and commercial finance at MHC Digital Group, told Cointelegraph in a note that rising demand may boost Bitcoin to at least $160,000 by the fourth quarter of this year and $1 million by 2030.
Trader’s leveraged Bitcoin bet tops $1.1 B
Meanwhile, influence dealer James Wynn’s Bitcoin long position on the cryptocurrency platform Hyperliquidity became the loftiest on-chain periphery deal, surpassing $1.1 billion during Bitcoin’s price peak. The entry price for the 40x abused position was $108,065, with an unrealised profit of $20 million. It’ll be liquidated if the Bitcoin price falls below $103,800.
Crypto-asset investments are high-risk; you may lose your capital