On Wednesday, May 21, 2025, Bitcoin continues to record strong performance at 34,132,331,718, with its price around $107,600, nearing its all-time high of $109,588.

Key Developments:

Collective rise in the market 66,742,902,734: Most alternative cryptocurrencies have seen an increase alongside Bitcoin, indicating a general wave of optimism in the market.

Increased institutional interest: Metaplanet announced the purchase of an additional 1,004 Bitcoins, raising its total holdings to over $800 million. DigiAsia, listed on NASDAQ, plans to raise $100 million to purchase Bitcoin.

Expectations for further rise: Analysts expect Bitcoin's price to exceed $110,000 soon, which could lead to the liquidation of short positions worth $3 billion.

Regulatory improvements: The U.S. Senate has introduced a bill to regulate stablecoins, contributing to enhanced investor confidence and supporting Bitcoin prices.

Overall, indicators suggest that Bitcoin may enter a new price discovery phase, supported by increased institutional interest and positive regulatory developments. 34,132,331,718

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