On May 21, 2025, Bitcoin (BTC) recorded its highest price ever, reaching $109,545, surpassing the previous record of $109,114 set in January of the same year.
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🔍 Key factors behind this achievement
Easing trade tensions between the United States and China: The announcement of a 90-day trade agreement on May 12 reduced tariffs, boosting investor confidence.
Progress in U.S. regulations: The U.S. Senate made progress on a bill to regulate stablecoins, providing positive signals to the market regarding the regulation of digital currencies.
Increased institutional demand: Bitcoin ETF funds experienced significant inflows, with a recorded inflow of $329.02 million in a single day, reflecting growing interest from institutions.
Rising open interest: Open interest in Bitcoin futures reached a record high of $75.14 billion, indicating increased investment activity.
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📈 Future market predictions
Willy Woo's analysis: Analyst Willy Woo indicates that once Bitcoin decisively breaks the previous higher price level, it could rapidly rise to $118,000.
Weiss Crypto predictions: Weiss Crypto Agency predicts that a new highest price for Bitcoin will be achieved on May 23, 2025, based on its market timing model.
Current support levels:
50447983809
