On May 22, 2025, Bitcoin (BTC) surged past the $110,000 mark, reaching a new all-time high of $111,414. This significant milestone reflects a 4.19% increase from the previous close, with intraday trading ranging between $106,178 and $111,459.
đ Key Drivers Behind Bitcoinâs Surge
1 Regulatory Optimism in the U.S.
The U.S. Senateâs advancement of a stablecoin regulation bill has bolstered investor confidence, signaling a move towards clearer cryptocurrency regulations.
2.Institutional Investment
Major institutions are increasing their Bitcoin holdings. MicroStrategy, for instance, added $765 million worth of BTC, bringing its total holdings to over $63 billion.
3.Macroeconomic Factors
Concerns over U.S. fiscal policies and a weakening dollar have led investors to seek alternatives like Bitcoin, contributing to its price rise.
đ Market Sentiment and Technical Analysis
Analysts are optimistic about Bitcoinâs trajectory. On-chain analyst Willy Woo predicts that once BTC firmly surpasses its all-time high, it could rapidly ascend to $118,000.
Technical indicators show a âgolden crossâ pattern, where the 50-day moving average crosses above the 200-day moving average, suggesting continued upward momentum.
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