Bitcoin led $ 110,000 in the first time at a recent rally found that it was getting 3% the previous day to break the previous high prices from earlier this year.
Bitcoin (Btc) hit a new all-time high of $ 110,788.98 on Coinbase late on May 21, before 11:30 pm UTC, According to In tradingview.
Bitcoin gained about 3% in the last 24 hours, exceeding it All times high Of $ 109,458 it struck earlier in the day, which was the first time it had been exchanged above the previously long Jan. 20 peaks.
The world’s biggest cryptocurrency is now there obtained 17.5% to this year and up to 47% since it fell to $ 75,000 on April 7, which US president Donald Trump was conducting the sweeping of tariffs that had gathered global markets.
The new peak of Bitcoin arrived as US stock markets were thrown by a weak 20-year bond auction, which sent the Treasury resulting in an increase on May 21. S&P 500 dropped 80 points half an hour while NASDAQ and Dow Jones reflected the move, with all US indexes in the day.
Caroline Bowler, CEO of the Australian Crypto Exchange BTC Markets, said in a Cointelegraph’s note that the new high “Bitcoin reflects a mature interest in digital ownership around the world, not the imagination of climbing as seen in previous cycles.”
“The demand is now driven by the grade-institutional infrastructure and stronger regulation clarity. The investor’s sentiment has changed clearly, reflecting the provision of institutional style,” he added.
According to Google Trends, searches For Bitcoin has been trending since November and in lows that are typical of crypto bear markets, indicating a low intent in cryptocurrency.
Meanwhile, the Crypto Fear & Greed Index, which tracks the sentiment on the market, is in a Score of 72 to 100 on May 22, indicating “greed.” The index dropped from 2025 high 84 on January 22, which came two days after Trump’s inauguration.
Related: How high is the price of bitcoin?
Edward Carroll, head of the Global Markets and Corporate Finance in the MHC Digital Group, told Cointelegraph in a note that growing demand driving a price higher in medium-term could push Bitcoin at least $ 160,000 in this year’s fourth quarter and $ 1 million to 2030.
Trader’s Leveraged Bitcoin Bet leads to $ 1.1B
Meanwhile, leverage businessman James Wynn’s Bitcoin Long Position on Crypto Platform Hyperliquidity has become the largest trading onchain margin when it exceeded $ 1.1 billion amidst bitcoin price peak.
The entry point for the 40x leveraged position is $ 108,065 and it has an uncertain income of $ 20 million. It is liquid if the price of Bitcoin falls to $ 103,800.
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