Bitcoin (BTC) has surged to a new all-time high, reaching $109,800 on May 21, 2025, surpassing its previous record of $109,588 set in January. This marks a significant 47% increase from its April 7 low of just under $75,000.
The rally is fueled by robust institutional investment, with U.S. spot Bitcoin ETFs experiencing net inflows of $7.4 billion over the past five weeks, including $329 million on Tuesday alone. Additionally, financial intelligence firm Strategy has expanded its Bitcoin holdings to 576,230 BTC, representing 2.74% of the total supply.
Technical indicators suggest continued bullish momentum, with the Relative Strength Index (RSI) and Stochastic Oscillator in overbought regions. A potential “golden cross,” where the 50-day Simple Moving Average crosses above the 200-day SMA, could further signal upward trends. However, traders should remain cautious of possible pullbacks, especially if BTC closes below $105,000, which could lead to a retest of the $100,000 support level.
Market analysts are optimistic, with veteran trader Peter Brandt predicting a rally toward $150,000 by August 2025. Bitcoin’s market capitalization has now reached $2.14 trillion, making it the fifth-largest financial asset globally, surpassing companies like Amazon.
The broader cryptocurrency market is also showing positive signs, with top altcoins like Ethereum, XRP, and Solana experiencing gains alongside Bitcoin’s ascent.
