Bitcoin Surges Past $110,000 Amid ETF Frenzy
Bitcoin Hits $110,000: Institutional Demand and DeFi Fuel Record Rally.
On May 21, 2025, Bitcoin, the world’s leading cryptocurrency, shattered expectations by surging past $110,000 for the first time, reaching a high of $110,730 on the Bitstamp exchange, as reported by CoinDesk. Early on May 22, it climbed to nearly $112,000 before stabilizing at $109,000, just 3% shy of its all-time high of $108,786 set on January 20, 2025. This meteoric rise, a 47% increase from April’s lows, underscores Bitcoin’s growing prominence in decentralized finance (DeFi), a system that leverages blockchain technology to offer financial services without traditional intermediaries like banks. But what’s fueling this rally, and what does it mean for the future of crypto?
This Week In Crypto
This week, the crypto market saw significant developments. Bitcoin Surges as it briefly hit $110,730 on May 21, driven by ETF excitement, and reached a new all-time high of $108,000, potentially establishing a new norm. The GENIUS Act further fueled optimism, pushing Bitcoin to $108K. Crypto Fund Rally saw digital asset funds attract $7.5B in 2025, led by Bitcoin and Ethereum. PumpBTC introduced a new way to earn on Bitcoin through DeFi on the Liquid Network.
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