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Bitcoin has topped $110,000 for the archetypal clip successful a caller rally that has seen it summation 3% implicit the past time to interruption done past terms highs from earlier this year.
Bitcoin (BTC) deed a caller all-time precocious of $110,788.98 connected Coinbase precocious connected May 21, conscionable earlier 11:30 p.m. UTC, according to TradingView.
Bitcoin has gained astir 3% implicit the past 24 hours, surpassing its all-time high of $109,458 that it deed earlier successful the day, which was the archetypal clip it traded supra its antecedently long-held Jan. 20 peak.
The world’s largest cryptocurrency has present gained 17.5% truthful acold this twelvemonth and is up 47% since its slump to $75,000 connected April 7, triggered by US President Donald Trump enacting sweeping tariffs that tanked planetary markets.
Bitcoin’s caller highest comes arsenic US banal markets were rattled by a anemic 20-year enslaved auction, which sent treasury yields soaring connected May 21. The S&P 500 fell 80 points successful fractional an hr portion the Nasdaq and Dow Jones mirrored the move, with each US indexes trading down connected the day.
Bitcoin’s play illustration shows it has climbed retired of a slump earlier this year. Source: TradingViewCaroline Bowler, CEO of the Australian crypto speech BTC Markets, said successful a enactment to Cointelegraph that Bitcoin’s caller precocious “reflects a mature involvement successful integer assets worldwide, not the speculative surge seen successful past cycles.”
“Today’s request is driven by institutional-grade infrastructure and stronger regulatory clarity. Investor sentiment has shifted decisively, reflecting institutional-style allocations,” she added.
According to Google Trends, searches for Bitcoin person been trending down since November and are astatine lows emblematic of crypto carnivore markets, indicating a debased retail involvement successful the cryptocurrency.
Meanwhile, the Crypto Fear & Greed Index, which tracks marketplace sentiment, was astatine a score of 72 retired of 100 connected May 22, indicating “greed.” The scale is down from its 2025 precocious of 84 connected Jan. 22, which came 2 days aft Trump’s inauguration.
Related: How precocious tin Bitcoin terms go?
Edward Carroll, caput of planetary markets and firm concern astatine MHC Digital Group, told Cointelegraph successful a enactment that increasing request driving the terms higher successful the medium-term could propulsion Bitcoin to astatine slightest $160,000 by the 4th fourth of this twelvemonth and $1 cardinal by 2030.
Trader’s leveraged Bitcoin stake tops $1.1B
Meanwhile, leverage trader James Wynn’s Bitcoin agelong presumption connected the crypto level Hyperliquidity has go the largest onchain borderline commercialized erstwhile it exceeded $1.1 cardinal amid Bitcoin’s terms peak.
The introduction constituent for the 40x leveraged presumption was $108,065 and it has an unrealized nett of $20 million. It volition beryllium liquidated if Bitcoin’s terms falls to $103,800.
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