On May #BTCBreaksATH , Bitcoin (BTC) rose to a new all-time high of $109,545, surpassing its previous peak of $109,114 set earlier this year. This milestone was achieved against the backdrop of easing global trade tensions and favorable regulatory changes for the cryptocurrency market.



Market dynamics and factors contributing to growth

The recent price increase of Bitcoin is attributed to several key factors:

Easing trade tensions between the US and China: The 90-day trade agreement between the United States and China, announced on May 12, temporarily reduced import tariffs, helping to lessen economic uncertainty and boost investor confidence.

Regulatory progress: The US Senate's progress in passing a bipartisan bill on stablecoin regulation was positively received by the market, signaling a more structured approach to cryptocurrency regulation.