The digital currency Bitcoin recorded an unprecedented jump to $111,544 on Thursday, May 22, surpassing the previous all-time high of $109,400, indicating a strong signal of the beginning of a bullish wave that could push it towards the $150,000 barrier.
This surge came after a sharp recovery from its lows in April, with the currency rising 48% from its low of $75,000, bolstered by record jumps in market capitalization reaching $2.2 trillion and realized capital exceeding $915 billion, reflecting a significant influx of liquidity and growing confidence in the network.
The daily trading volume has surged to an unprecedented $73.7 billion, compared to $50 billion the previous day, confirming increased trading activity among investors, while futures contracts recorded a new all-time high in open interest at $81.35 billion, reflecting increased confidence from institutional investors and speculators.
