#BTCBreaksATH Bitcoin has broken its all-time high, reaching a current price of $117,824.11. This represents a 6.04% increase, with a 24-hour trading volume of $43.45 billion and a market capitalization of $2.21 trillion. The cryptocurrency's price has been fluctuating, and analysts predict potential targets of $115,000 and $120,000.
Historically, Bitcoin's all-time high was previously recorded at $111,970 on May 22, 2025. The recent surge is attributed to various factors, including
- *Institutional Demand*: Growing interest from institutional investors, driven by the success of US spot Bitcoin ETFs
- *Limited Supply*: Reduced supply due to the upcoming halving event, which historically leads to increased prices
- *Market Sentiment*: Positive sentiment among investors, fueled by Bitcoin's recent price surge and potential for future growth
Some notable recent price milestones include
- *$109,356*: Bitcoin's price on January 20, 2025, coinciding with President Donald Trump's inauguration
- *$111,970*: Bitcoin's previous all-time high on May 22, 2025
- *$113,804*: A recent peak driven by shrinking liquid supply and substantial acquisitions from corporations and US ETFs
The current market trends suggest a mix of optimism and caution, with investors closely watching macroeconomic indicators and regulatory developments