rewrite this content
Bitcoin (BTC) surged to a high of $109,476 in the first two hours of the New York trading session, to break its all-time high of $109,353 set in January.
The latest rally into price discovery comes amid strong institutional investments, favorable regulatory developments, and increased market activity in recent weeks.
Based on CryptoSlate data, Bitcoin was trading at $109,2460 as of press time, up 4.3% over the past 24 hours.
The rally follows fresh accumulation by Strategy (formerly MicroStrategy), which now holds over 576,000 BTC, roughly 2.7% of the total supply. It also follows increasing interest from sovereign entities gaining indirect exposure through public equities, particularly via Strategy shares.
The US Senate’s advancement of the bipartisan GENIUS Act, focusing on stablecoin regulation, has bolstered market sentiment. Additionally, President Donald Trump’s executive order establishing a Strategic Bitcoin Reserve in January signals strong governmental support for digital assets.
Bitcoin’s 24-hour trading volume reached $50.84 billion, with a market capitalization of $2.13 trillion. Futures market activity has also intensified, with open interest hitting an all-time high of $76.20 billion on May 21, indicating heightened investor engagement.
Standard Chartered believes the current environment is poised to push Bitcoin to a new high of $120,000 in the second quarter and potentially $200,000 by year-end, citing increased institutional adoption and favorable market conditions.
As Bitcoin continues its upward trajectory, market participants are closely monitoring its performance, anticipating potential new all-time highs in the near future.
Bitcoin Market Data
At the time of press 4:24 pm UTC on May. 21, 2025, Bitcoin is ranked #1 by market cap and the price is up 4.06% over the past 24 hours. Bitcoin has a market capitalization of $2.17 trillion with a 24-hour trading volume of $61.98 billion. Learn more about Bitcoin ›
Crypto Market Summary
At the time of press 4:24 pm UTC on May. 21, 2025, the total crypto market is valued at at $3.42 trillion with a 24-hour volume of $140.9 billion. Bitcoin dominance is currently at 63.25%. Learn more about the crypto market ›
Mentioned in this article
in well organized HTML format with all tags properly closed. Create appropriate headings and subheadings to organize the content. Ensure the rewritten content is approximately 1500 words. Do not include the title and images. please do not add any introductory text in start and any Note in the end explaining about what you have done or how you done it .i am directly publishing the output as article so please only give me rewritten content. At the end of the content, include a “Conclusion” section and a well-formatted “FAQs” section.
