#BTC110KToday? to an all-time high of $109,545 on May 21, 2025, beating its record high of $109,114 achieved earlier this year. The high comesBinance Price News: Bitcoin Reaches New All-Time High of $109,545 As Trade Tensions Relieve and Regulations Turn Optimistic

Bitcoin (BTC) jumped

 as worldwide trade tensions are alleviated and regulations look optimistic for the cryptocurrency market.

Market Dynamics and Contributing Factors

The recent price rally in Bitcoin is credited to some major factors:

Relaxation in U.S.-China Trade Tensions: A 90-day trade deal between the United States and China on May 12 lowered temporary import tariffs, easing economic uncertainty and supporting investor sentiment.

Regulatory Progress: The U.S. Senate's movement on a bipartisan legislation to regulate stablecoins has been viewed positively by the market, indicating a more orderly approach toward cryptocurrency regulation.

Institutional Adoption: Growing institutional investment and interest in Bitcoin have also lent further strength to its price rally.

Technical Indicators and Market Sentiment

Technical analysis projects strong bullish momentum:

Moving Averages: The 50-day Simple Moving Average (SMA) is heading towards a crossover over the 200-day SMA, a trend referred to as a "Golden Cross," which usually precedes a positive trend.

Relative Strength Index (RSI): The RSI continues to be in overbought conditions, indicating healthy buying pressure.

Analysts estimate possible short-term goals of $116,000, with others predicting a "blow-off top" at $128,000. Long-term estimates based on the expansion in global money supply (M2) indicate that Bitcoin may touch $132,000 by the year-end.  

Wider Cryptocurrency $BNB

Market Performance

The positive sentiment carries over to other currencies:

Ethereum (ETH$ETH ): At $2,591.09, Ethereum has posted a 4.52% increase as the second-largest cryptocurrency by market capitalization.

Total Market Capitalization: The total market capitalization of the cryptocurrency market has hit $3.36 trillion, with Bitcoin contributing more than 60% to this figure.

Outlook

The intersection of de-escalating geopolitical tensions, positive regulatory progress, and robust technical underpinnings points toward Bitcoin continuing on a bullish trend. Investors and experts will be keenly watching these drivers as the market gets set to breach the next psychological mark of $110,000.