As of May 23, 2025, Bitcoin (BTC) is trading at approximately $110,742, reflecting a slight decrease of 0.35% from the previous day. The intraday high reached $111,819, while the low dipped to $110,414.
Market Highlights:
Record High: $BTC recently achieved an all-time high of $112,030 on May 22, 2025, around 3:30 PM ET.
Market Capitalization: The total cryptocurrency market capitalization has risen to $3.53 trillion, with Bitcoin's $BTC market cap at approximately $2.20 trillion.
Institutional Demand: Short-term holder profitability is near 100%, indicating that institutional demand has been a significant driver of Bitcoin's recent price surge.
Investor Sentiment: Fear & Greed Index: The Crypto Fear & Greed Index has reached "Extreme Greed," suggesting heightened investor optimism.
Technical Indicators: Bitcoin's $BTC Relative Strength Index (RSI) stands at 78, indicating overbought conditions, which may lead to short-term corrections.
Global Developments: U.S. Strategic Bitcoin Reserve: In March 2025, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, aiming to position the U.S. as a leader in the cryptocurrency space.
