Bitcoin hits $110,000 for the first time, hitting a new all-time high
On May 22, 2025, the virtual currency Bitcoin surpassed $110,000 (approximately 15.8 million yen) for the first time, surpassing its all-time high set in January 2025.
Bitcoin Tops $110,000 for First Time as US Optimism Lifts Crypto - Bloomberg
Bitcoin jumps to new all-time high, surpassing January prior record
https://www.cnbc.com/2025/05/21/crypto-market-today.html
In January 2025, following the inauguration of President Donald Trump, who was elected on a platform of cryptocurrency-friendly policies, Bitcoin soared to over $100,000 (approximately 14.3 million yen), breaking its all-time high at the time.
However, due to disappointing results in
Furthermore, the price of Bitcoin subsequently returned to the $100,000 range due to factors includingprogress in tariff negotiations between the United States and China in May 2025 and the passage of the GENIUS Act , which defines stablecoins for payment purposes, by the U.S. Senate on May 20, raising hopes for clarification of regulations on virtual currency operators.
President Trump plans to sign the stablecoin bill and related bills before Congress goes on recess in August, and establish a system for regulating virtual currencies.
With this tailwind, the price of Bitcoin temporarily reached $110,964 (approximately 15.85 million yen) in the early morning of May 22nd, and is still hovering around the $110,000 range at the time of writing.
By TradingView
Experts attribute Bitcoin's surge to optimism following the passage of key legislation, as well as growing interest in Bitcoin's properties as a store of value asset.
Antoni Trenchev, co-founder of cryptocurrency exchange Nexo, told the media, 'Bitcoin's new highs are driven by favorable macroeconomic factors, namely a decline in US inflation, an easing of the US-China trade war, and Moody's downgrade of US government bonds , which are drawing attention to alternative stores of value like Bitcoin. This puts us in a completely different situation than we were in early April, when global macroeconomic anxiety peaked and Bitcoin crashed to $74,000 (about 10.6 million yen). As a broader trade agreement is concluded between the US and China, we may have entered a three-month period where risk assets are set to thrive.'
Related Posts:
in Software, Posted by log1l_ks