Cryptocurrency Bitcoin Breaks New Records at $111K Due to 3% Daily Increase
Bitcoin, the world's leading cryptocurrency, reached an all-time high of $111,450 on May 21, 2025, marking a significant milestone in its history. The price surge, which occurred just before 11:45 p.m. UTC, came after several weeks of price momentum following the steep drop in early April.
The latest price surge sets a new record for Bitcoin in 2025. This rise surpassed its previous peak of $109,458, also reached on May 21, and officially surpassed its January 2021 high.
Several factors contributed to Bitcoin's surge to an all-time high. Institutional adoption through Bitcoin ETFs played a crucial role. In early 2024, the U.S. Securities and Exchange Commission (SEC) allowed the trading of Bitcoin ETFs, leading to increased institutional investment and driving the price to new heights throughout 2024 and into 2025.
The election victory and subsequent executive order on digital assets by former President Donald Trump, a crypto-friendly leader, also boosted market confidence and enthusiasm, pushing Bitcoin above $100,000 in late 2024.
Moreover, the optimism about potential Federal Reserve interest rate cuts also contributed to Bitcoin rallying even higher, reaching over $124,000 in mid-August before a slight pullback due to inflation fears.
During the same period, Bitcoin saw renewed interest as a hedge during market volatility. The spike in Bitcoin's price on May 21 coincided with a weak 20-year Treasury bond auction in the U.S., which sent yields soaring and rattled stock indexes, with the S&P 500 shedding 80 points in 30 minutes.
The latest Bitcoin milestone could attract fresh retail and institutional attention, especially with macroeconomic uncertainty persisting. The strong 2025 performance of Bitcoin has reignited discussions about digital assets as alternative stores of value during times of economic stress.
[1] Source: CoinDesk [2] Source: Bloomberg [4] Source: Reuters
Investors are showing increasing interest in Bitcoin as technology continues to play a significant role in its growth, with the latest price surge breaking the record set in 2021. The adoption of Bitcoin ETFs by institutions, as well as the pro-crypto stance of former President Donald Trump, have fueled the recent growth and momentum of this digital asset.
