In what is a historical moment for the leading cryptocurrency, Bitcoin has officially surged to a new all-time high price of $109,424. The asset has ridden a continued surge for much of the week, rising another 4% on Tuesday to set the landmark price point.
The moment has come on the heels of major strides the asset has taken in mainstream adoption this year. Indeed, Bitcoin has become a top safe-haven asset for modern investors. Specifically, almost 50 million Americans have opted to embrace the emerging cryptocurrency ahead of traditional assets like gold.
BREAKING: Bitcoin reaches new all-time high of $109,424. pic.twitter.com/XLAzefxYxC
— Watcher.Guru (@WatcherGuru) May 21, 2025
Also Read: Exclusive: Bitcoin Empowering Global Finances, Reshaping Modern Portfolios
Bitcoin Surges to New All-Time High Amid Historic Start to Q2
Although we are just a few months into 2025, it has already proven to be one of the biggest years in the history of the cryptocurrency market. It may have gotten off to a slow start, but things have turned around in a major way for Bitcoin as Q2 has propelled the crypto to an unprecedented moment.
After jumping more than 24% over the last 30 days, Bitcoin has officially reached a new all-time high at the $109,424 mark. Indeed, the asset has overtaken its previous high set in late 2024. Moreover, this may just be the beginning. Experts have high hopes for the asset’s fate throughout the remaining months of the year.
Also Read: Bitcoin to $135k: Why BTC May Be Headed For a Major Surge
Bitcoin has also seen its market cap increase by more than 4% over the last 24 hours. Not sitting at $2.16 trillion, it has surpassed Amazon to become the 5th largest asset in the world by overall market value.
A major shift in its position in 2025 has been a transforming sentiment. Investment bank JPMorgan is among the traditional finance institutions that have changed their tune on the asset. Although CEO Jamie Dimon is still opposed to its position, they will now let clients buy Bitcoin.
That is a major shift from where the $4 trillion asset manager was just a year ago. Moreover, it is expected to be at the center of major regulatory developments. The US has already announced an imminent Bitcoin reserve. Moreover, states like Texas have legislation pending for similar plans. That will likely power the asset far above this new landmark position.
