Bitcoin Hits New Record High, Surging to $109.4K
May 21, 2025 – by [Your Name]
Bitcoin has shattered previous records, surging to a historic high of $109,032.79, marking a 3.48% increase over the last 24 hours. This latest surge eclipses the peak reached just hours before President Trump's inauguration on January 20, reigniting excitement across the crypto market.
The broader market followed suit, with Ethereum (ETH) climbing to $2,567.45 (+3.38%), and Binance Coin (BNB) rising to $657.90 (+1.80%). Other notable movers included Cardano (ADA) at $0.7634 (+3.65%) and Avalanche (AVAX) at $23.07 (+3.28%).
Even meme coins saw a bump, with Dogecoin (DOGE) increasing by 2.92% to $0.2327, and Shiba Inu (SHIB) gaining 2.26%. The only major token in the red was Tron (TRX), down 0.82%.
Analysts attribute Bitcoin’s rally to growing institutional interest, increased ETF inflows, and a weakening U.S. dollar. “Bitcoin is showing strong momentum,” said a senior strategist at a leading crypto investment firm. “It’s no longer just a hedge — it’s becoming a core asset.”$BTC
As Bitcoin pushes into uncharted territory, traders and investors alike are eyeing the next major resistance levels, while altcoins ride the bullish wave sparked by BTC's historic climb.