Bitcoin Breaks All-Time High, Surges Past $109,700 Amid Regulatory Optimism
On May 21, 2025, Bitcoin (BTC) achieved a new all-time high, soaring to approximately $109,700, surpassing its previous peak of around $109,300 recorded in January. This surge follows a resurgence in investor risk appetite and increased optimism surrounding favorable U.S. cryptocurrency regulations.
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đ Key Drivers Behind Bitcoinâs Rally
1. Regulatory Momentum in the U.S.
The U.S. Senate recently advanced legislation to regulate stablecoinsâcryptocurrencies pegged to fiat currencies like the U.S. dollarâboosting market sentiment even though the bill does not target #BTC directly. Additionally, the Texas House of Representatives approved a bill to establish a strategic reserve of #BTCâ and other cryptos, pending the governor's signature.
2. Institutional Accumulation
Major institutional investors have been accumulating Bitcoin. Strategy (formerly MicroStrategy) now holds over 576,000 BTC, roughly 2.7% of the total supply. BlackRockâs IBIT ETF has recorded 24 days of inflows in the last 25 days, now holding over 636,000 #BTC
3. Easing Global Trade Tensions
A recent 90-day trade agreement between the United States and China has eased macroeconomic fears, boosting investor confidence and contributing to Bitcoin's price surge.
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đš Market Outlook
Analysts suggest that Bitcoin's current market setup and price action are bullish, indicating that supported pullbacks could pave the way for further record highs. Some projections even suggest Bitcoin could reach $500,000 by the end of President Trump's second term, as volatility decreases.
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đźď¸ Bitcoinâs Price Trajectory
