Bitcoin
A new record price of $ 109,400 was secured, exceeding the peak in January around Donald Trump’s possession.
According to the Bitcoin index of Coindesk, the largest and oldest and old cryptocurrency reached $ 109,486 on Wednesday during the EE. UU. BTC session increased more than 46% from its April channel induced by the assembly of ugly on the global commercial war and US tariffs.
The new maximum of all time occurred when Bitcoin exchange funds (ETF) Spot Bitcoin increased $ 3.6 billion in net tickets in May, a sign of rejuvenated interest of investors. A series of Treasury companies centered on Bitcoin, including Michael Saylor’s strategy and the newly launched firm Twenty One Capital added to the shopping spree, helping to raise BTC to a new record.
The positive regulatory changes in the US have further supported the market, providing legitimacy of digital assets as a class of assets for investors. The United States Senate this week advanced a bill to regulate Stablecoins, while several sovereign states and nations are advancing with the legislation to create Bitcoin reserves.
Analysts suggested that the current rally is more sustainable than the previous ones, citing favorable financial conditions, stable flows and lack of speculative fervor observed in previous peaks, showing signs of a stronger base.
Read more: these six graphics explain why the recent Bitcoin movement to more than $ 100K can be more durable than the January race
