Bitcoin’s price surged to a new record high near $112,000 on Thursday, driven by institutional ownership and corporate adoption, as well as easing trade tensions between the US and China. The cryptocurrency rose over 2% at $111,046.88, according to Coin Metrics.
Unlike past rallies, bitcoin’s recent climb has been slower-paced, but still strong. Positive momentum and growing optimism around US crypto regulation have contributed to its upward movement. Institutional buyers continue to show interest in the digital asset.
The price rise comes despite a drop in US equities on Wednesday, driven by rising Treasury yields. Bitcoin’s divergence from stock markets may be due to investors seeking alternative stores of value. This year, bitcoin is up over 19% and has seen strong inflows for its ETFs, with public companies holding $349 billion worth of the cryptocurrency.
Recent developments in the US include pro-crypto legislation advancing through the Senate, which would create a regulatory framework for stablecoins. JPMorgan CEO Jamie Dimon has also announced that his bank will allow clients to buy bitcoin, a move that advocates have praised as a significant milestone for the industry.
Source: https://www.cnbc.com/2025/05/22/bitcoin-price-hits-new-record-high-above-111000.html