Bitcoin (BTC) reached a new record high of $109,400, surpassing the peak seen in January around Donald Trump’s $TRUMP inauguration. According to the Index, the largest and oldest cryptocurrency hit $109,486 during early U.S. trading on Wednesday. surged BTC more than 46% from its April low, which was caused by growing concerns over the global trade war and U.S. tariffs. This new all-time high came as spot bitcoin exchange-traded funds (ETFs
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attracted $3.6 billion in net inflows during May, indicating renewed investor interest. Several bitcoin-focused treasury companies, including Michael Saylor’s Strategy and the newly launched Twenty One Capital, contributed to the buying spree, helping push $BTC to this new record level.