The previous week has seen exceptional performance from the price of bitcoin, reaching a new all-time high.
On Thursday, May 22, the leading cryptocurrency hit a new high of $111,807 in the late hours of the day.
The market is generally optimistic as investors anticipate that the price of Bitcoin will continue to rise, despite the fact that its value has experienced a notable fall in the past day.
The Bitcoin price may, however, simmer off for a bit before starting to rise again, according to previous price movement data.