As of May 22, 2025, Bitcoin (BTC) has reached a new all-time high, trading at $110,769 USD, reflecting a 4.11% increase over the past 24 hours. In Indian Rupees, this equates to approximately ₹9,527,096.55 INR .
This surge is attributed to several factors:
Institutional Adoption: Major financial institutions are increasing their Bitcoin holdings, signaling confidence in its long-term value.
Regulatory Developments: The recent passage of a stablecoin bill and the approval of a Bitcoin reserve bill in Texas have bolstered investor sentiment .
Macroeconomic Factors: A weakening U.S. dollar and favorable economic indicators have made Bitcoin an attractive hedge against inflation.
In India, the cryptocurrency market is experiencing heightened activity, with Bitcoin's price nearing the ₹1 crore mark. This growth is fueled by increased retail participation and a growing acceptance of digital assets as a legitimate investment class .
As Bitcoin continues its upward trajectory, investors are closely watching for the next resistance level at $115,000 USD. However, it's essential to remain cautious, as the cryptocurrency market is known for its volatility.
*Disclaimer: Cryptocurrency investments are subject to market risks. Please conduct thorough research or consult a financial advisor before making investment decisions.*