As of May 23, 2025, Bitcoin ($BTC ) is trading at approximately $108,460 USD, reflecting a slight decrease of about 2.5% over the past 24 hours. The cryptocurrency reached an intraday high of $111,819 and a low of $108,322.

Despite the recent dip, Bitcoin continues to trade near its all-time high of around $112,000, achieved earlier this week. The rally is supported by several factors, including increased institutional interest, the approval of Bitcoin ETFs, and a favorable regulatory environment. Notably, the U.S. Senate's passage of the GENIUS Act, aimed at regulating stablecoins, has contributed to positive market sentiment.

Additionally, major U.S. banks like JPMorgan Chase and Citigroup are exploring a joint stablecoin initiative, signaling further institutional involvement in the cryptocurrency space.

Analysts suggest that Bitcoin's current rally is built on solid fundamentals, with minimal signs of overheating, indicating a potentially sustainable upward trend.

For real-time updates and detailed charts, you can visit platforms like CoinDesk or CoinMarketCap.