Bitcoin was $ 110,000 for the first time in a 3 % modern rally over the past day in order to penetrate the highest levels of prices this year.
Bitcoin (BTC) reached the highest new level ever of $ 110,788.98 on Coinbase late May 21, before 11:30 pm UTC, According to To TradingView.
Bitcoin has gained about 3 % over the past 24 hours, exceeding its highest level ever of $ 109,458, which it reached earlier in the day, which was the first time that it was traded above its peak that was previously on January 20.
The largest encrypted currency in the world has now gained 17.5 % so far this year, and has increased by 47 % since its decrease to $ 75,000 on April 7, which led to US President Donald Trump’s enchanting tariff raising global markets.
The new Bitcoin’s peak comes as American stock markets were shaken with a weak auction for 20 years, which led to a rise in treasury revenues on May 21. S&P 500 80 points decreased in half an hour while Nasdaq and Dow Jones reflected this step, with all American indexes circulated a day.
“It reflects the mature interest in digital assets around the world, not the speculative increase that was seen in the previous sessions,” said Caroline Bulaler, CEO of Australia for encryption in BTC markets, in a memorandum to Cointelegraph.
She added: “The request today is driven by an infrastructure of the institutional degree and the strongest organizational clarity. The feelings of investors have shifted decisively, which reflects the allocations in the institutional style.”
According to Google trends, Search operations For Bitcoin, it has been going down since November, and is at its lowest levels in the encrypted bear markets, indicating a decrease in retail sale in the encrypted currency.
Meanwhile, the Crypto Fear & Greed index, which tracks market morale, was in A. a result From 72 of 100 on May 22, it indicates “greed”. The index fell from its highest level in 2025 on January 22, which came two days after Trump’s inauguration.
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Edward Carroll, head of the global markets and corporate financing at MHC Digital Group, told CointeleGraph that note that the increasing demand that leads to a high -range price in the range may push Bitcoin to at least $ 160,000 by the fourth quarter of this year and $ 1 million by 2030.
Bitcoin Bet from Trader Reain tops $ 1.1 billion
Meanwhile, the long bitcoin center from the James Wynn trading trading on the encryption platform is the largest trade in the Onchain margin when it is They exceeded $ 1.1 billion in the peak of bitcoin.
The entry point for the site of 40x the benefit is 108,065 dollars and has an unspecified profit of $ 20 million. It will be filtered if the bitcoin price decreases to 103,800 dollars.
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