Changpeng Zhao (CZ) is the founder and former CEO of Bance, the world’s largest cryptocurrency exchange by trading volume. Born in Jiangsu, China, and raised.
🚀 Bitcoin Breaks All-Time High: What’s Fueling the Surge? Financial Times +3 The Times of India +3 New York Post +3
Bitcoin (BTC) has once again shattered records, reaching a new all-time high of $109,760 on May 21, 2025. This surge is driven by optimism surrounding U.S. lawmakers' progress toward finalizing digital asset regulations, particularly focusing on stablecoins. The anticipated regulatory clarity has attracted significant investment, with over $3.6 billion flowing into U.S. bitcoin-tracking ETFs in May, marking the largest monthly inflow since January. Reuters +5 Financial Times +5 AP News +5
The proposed legislation, known as the Genius Act, aims to regulate the stablecoin market, potentially expanding it from $240 billion to $2 trillion by 2028, largely backed by U.S. Treasuries. While the bill has passed the Senate majority, some Democrats have expressed concerns about consumer protection and financial stability. Financial Times
Institutional investors are also contributing to Bitcoin’s rise, with corporations like Strategy and Cantor Equity Partners’ vehicle 21, backed by SoftBank and Tether, making significant purchases for their treasuries. Analysts suggest that continued favorable market conditions could sustain the current crypto bull run. Financial Times
📈 Current Price: $109,805
📊 24h Change: +2.87%
📉 24h Low: $106,178 Finance Feeds +3 New York Post +3 Investise +3
📈 24h High: $109,907
As Bitcoin continues its upward trajectory, investors and enthusiasts alike are watching closely to see how regulatory developments and institutional interest will shape the future of the cryptocurrency market.