๐จ BREAKING: Bitcoin Hits New All-Time High! ๐จ
Bitcoin has surged to a new record high, reaching approximately $109,500 on May 21, 2025. This surpasses its previous peak of around $109,300 in January 2025.
The rally is fueled by growing optimism over U.S. cryptocurrency regulations. The Senate recently advanced legislation to regulate stablecoins, boosting investor confidence. Additionally, the Texas House of Representatives approved a bill to establish a strategic reserve of Bitcoin and other cryptocurrencies, pending the governor's signature.
Bitcoin's open interest in futures contracts has also hit a record $72 billion, indicating increased institutional participation. Approximately $1.2 billion in bearish positions are at risk of liquidation, potentially driving the price even higher.