Bitcoin Soars to $109,400, Surpassing Record High Set Ahead of Trump’s Inauguration
Bitcoin (BTC) reached a fresh all-time high on Wednesday, climbing above $109,400 and surpassing the previous peak from January 2017 just before President Donald Trump’s inauguration.
The CoinDesk Bitcoin Index recorded BTC trading at $109,486 during early U.S. hours, reflecting a strong rebound of over 46% from April’s low point amid escalating concerns about global trade conflicts and tariffs.
This milestone comes amid robust demand for spot bitcoin exchange-traded funds (ETFs), which have seen net inflows of $3.6 billion in May. Major bitcoin treasury holders, including Michael Saylor’s Strategy and newcomer Twenty One Capital, have been active in fueling the rally.
Positive regulatory moves in the U.S. have further helped cement bitcoin’s status as a credible investment asset. The U.S. Senate’s advancement of stablecoin regulations, alongside legislation in several states and countries to establish bitcoin reserves, points to growing institutional acceptance.
Market analysts believe this rally is backed by a stronger foundation than past surges, highlighting favorable financial conditions, abundant stablecoin liquidity, and a lack of speculative excess typically seen in previous peaks.
