3 weeks ago
Bitcoin (BTC) surged to a precocious of $109,476 successful the archetypal 2 hours of the New York trading session, to interruption its all-time precocious of $109,353 acceptable successful January.
The latest rally into terms find comes amid beardown organization investments, favorable regulatory developments, and accrued marketplace enactment successful caller weeks.
Based connected CryptoSlate data, Bitcoin was trading astatine $109,2460 arsenic of property time, up 4.3% implicit the past 24 hours.
The rally follows caller accumulation by Strategy (formerly MicroStrategy), which present holds implicit 576,000 BTC, astir 2.7% of the full supply. It besides follows expanding involvement from sovereign entities gaining indirect exposure done nationalist equities, peculiarly via Strategy shares.
The US Senate’s advancement of the bipartisan GENIUS Act, focusing connected stablecoin regulation, has bolstered marketplace sentiment. Additionally, President Donald Trump’s enforcement bid establishing a Strategic Bitcoin Reserve successful January signals beardown governmental enactment for integer assets.
Bitcoin’s 24-hour trading measurement reached $50.84 billion, with a marketplace capitalization of $2.13 trillion. Futures marketplace enactment has besides intensified, with unfastened involvement hitting an all-time precocious of $76.20 cardinal connected May 21, indicating heightened capitalist engagement.
Standard Chartered believes the existent situation is poised to propulsion Bitcoin to a caller precocious of $120,000 successful the 2nd quarter and perchance $200,000 by year-end, citing accrued organization adoption and favorable marketplace conditions.
As Bitcoin continues its upward trajectory, marketplace participants are intimately monitoring its performance, anticipating imaginable caller all-time highs successful the adjacent future.
The station Bitcoin breaks $109k ATH to participate terms find erstwhile again appeared archetypal connected CryptoSlate.
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