Bitcoin Punches Through $109K to New All-Time High
Bitcoin is surging through to new heights, besting its previous high achieved on Jan. 20, Trump's inauguration.
Bitcoin broke a new all-time high of $109.4K on the back of strong ETF inflows and treasury acquisitions, signaling surging institutional interest.
What’s the Scoop?
- Bitcoin Surges Past $109K: Bitcoin reached a record-breaking price of $109,400 in U.S. morning trade, setting a new high on the day after continuing its bullish momentum.
- Spot Bitcoin ETFs Fuel Demand: Net inflows of $3.6 billion into spot Bitcoin ETFs in May indicate heightened investor interest, driving the price upwards.
- Treasury Companies Add to Buying Spree: Major Bitcoin-focused treasury firms such as MicroStrategy and Twenty One Capital continue to acquire BTC, further boosting the price.
Bankless
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