Bitcoin Breaks All-Time High, Rising Above $109,000
Date: 2025-05-22 Author: Henry Casey Categories: CRYPTO PAYMENTS
On the evening of May 21, 2025, Bitcoin demonstrated another upward surge: its value exceeded $109,000, setting a new all-time high. On the Binance exchange, the price reached $109,460, surpassing the previous record set on January 20 at $109,312.
According to CoinGecko, the average rate on leading trading platforms was $108,924, which became a new all-time high for the asset. Over the past 24 hours, Bitcoin has strengthened by 4%, outpacing most of the leading altcoins from the top ten by capitalization.
The total value of the cryptocurrency market has increased to $3.54 trillion, with Bitcoin's share of the total capitalization growing to more than 61%, indicating its dominant position against the rest of the market.
Later in the evening, updated data from CoinGecko showed an even higher mark - $109,565, while on Binance the price reached $109,786, recording the highs of the day.
An attempt to break above the key level of $109,000 was also made in the morning of the same day, with the start of the European trading session. However, then the price rolled back down briefly, reaching about $106,000.
Analysts from CryptoQuant noted the ongoing consolidation stage of Bitcoin, emphasizing that the realized capitalization of the asset increased by $3 billion in a day. They regarded such growth as a signal for the continuation of the upward trend and the manifestation of bullish momentum.
Omkar Godbole, Co-Managing Editor at CoinDesk, analyzed six key technical indicators and concluded that there is a solid technical basis for the current rally in digital gold.
Standard Chartered analysts previously expressed confidence that Bitcoin could reach $120,000 in the second quarter of 2025. In their forecast, they recommended that investors view current levels as a good time to buy the asset.
