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As of May 23, 2025, Bitcoin (BTC) is trading at approximately $110,837, marking a 0.15% increase from the previous close. The day's trading has seen a high of $111,819 and a low of $110,494.
This surge follows Bitcoin reaching an all-time high of $111,970 on May 22, reflecting bullish momentum supported by significant whale transactions and positive market sentiment around Bitcoin Pizza Day .
Contributing factors include the U.S. Senate's advancement of the GENIUS Act, a bill aimed at regulating stablecoins, signaling increased institutional interest in cryptocurrencies .
Analysts suggest that while the market shows strong upward trends, caution is advised due to potential volatility .
