Bitcoin (BTC) has reached a new all-time high today, May 21, 2025, soaring to $109,845 before settling around $107,108 . This milestone surpasses the previous peak of $109,588 set in January 2025.
The surge is attributed to several factors:
Institutional Inflows: Over $5 billion has flowed into Bitcoin spot ETFs, indicating strong institutional interest .
Regulatory Developments: The U.S. is advancing the Genius Act, aiming to establish a regulatory framework for stablecoins, which has boosted investor confidence .
Market Sentiment: Reduced trade tensions and a weakening dollar have improved risk sentiment, further propelling Bitcoin's price .
Analysts suggest that if this momentum continues, Bitcoin could target the next psychological milestone of $120,000 .
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