Yes, Bitcoin has officially broken its all-time high. On May 21, 2025, BTC surged to an intraday peak of $109,499.76, surpassing its previous record set in January . This rally has elevated Bitcoin to become the fifth-largest asset by market capitalization, overtaking Amazon and trailing only behind gold, Microsoft, Nvidia, and Apple .
Key Drivers Behind the Surge:
Regulatory Optimism: The U.S. Senate's advancement of a bill to regulate stablecoins has bolstered investor confidence, even though it doesn't directly impact Bitcoin .
Political Support: President Trump's administration has shown increasing support for cryptocurrency, including plans for a strategic Bitcoin reserve, signaling a favorable policy environment .
Institutional Investment: Significant accumulation by institutional investors, such as BlackRock, has contributed to the upward momentum .
With these factors at play, analysts remain bullish on Bitcoin's trajectory, anticipating continued growth in the near future.