Bitcoin Soars to New All-Time High Above $109,400, Surpassing Trump Inauguration Peak
Bitcoin (BTC) has shattered yet another record, surging past $109,400 during U.S. morning trading on Thursday—eclipsing its previous peak set just hours before President Donald Trump’s inauguration on January 20, 2017.
The world’s leading cryptocurrency has rallied more than 46% since its April lows, fueled by renewed institutional demand and bullish market sentiment. According to the CoinDesk Bitcoin Index, BTC reached an intraday high of $109,486, continuing its upward momentum despite earlier concerns over global trade tensions and U.S. tariffs.
### Spot Bitcoin ETFs Fuel the Rally
A key driver behind Bitcoin’s latest surge has been the massive influx of capital into spot Bitcoin exchange-traded funds (ETFs), which saw $3.6 billion in net inflows in May alone. This resurgence in investor interest has been further amplified by aggressive buying from Bitcoin-focused firms, including Michael Saylor’s MicroStrategy and newly launched Twenty One Capital.
### Regulatory Tailwinds Boost Confidence
Positive regulatory developments have also played a crucial role in Bitcoin’s ascent. The U.S. Senate recently advanced a bill to regulate stablecoins, signaling growing acceptance of digital assets as a legitimate investment class. Meanwhile, several U.S. states and sovereign nations are pushing forward with legislation to establish Bitcoin reserves, reinforcing its status as a strategic asset.
With Bitcoin now trading at $106,546.31 (as of latest data), the question on every investor’s mind is: How much higher can it go?
Stay tuned for more updates as the market continues to evolve.
