Bitcoin $BTC
3.7% Bitcoin surged to a new all-time high of $111,544 on Thursday, May 22, afternoon Asian time, breaking past its previous record of $109,400 from just the day before. This new high marks a 48% jump from the April 7 low of just under $75,000, making it the second all-time high for BTC in 2025.
Alongside the price surge, Bitcoin’s market cap hit $2.2 trillion, while its realized cap also reached a new peak at $915 billion, highlighting how much value is flowing into the network.
A sharp uptick in trading activity has driven the rally. CoinGecko data shows 24-hour volume surged to $73.7 billion, compared to $50 billion on Wednesday and $40 billion on Tuesday.
That’s a noticeable jump, especially considering that earlier this month, daily volume had fallen below $30 million, its lowest since February.
BTC’s futures open interest also hit a fresh record of $81.35 billion, up sharply from the $46 billion level seen in early March. That signals growing confidence from institutional and leveraged traders.