Bitcoin Breaks Previous High, Surges Past $109,400 Mark

Bitcoin (BTC) has surged to a new all-time high, reaching $109,400 and surpassing the peak it hit just hours before Donald Trump’s presidential inauguration in January 2017.

The CoinDesk Bitcoin Index showed BTC trading at $109,486 during the early U.S. session on Wednesday, marking a sharp rally of more than 46% since the April low. The dip earlier this year was driven by fears surrounding escalating global trade tensions and U.S. tariffs.

This record-setting price run is supported by robust inflows into spot bitcoin exchange-traded funds (ETFs), which have attracted $3.6 billion in net investments so far in May. Notable bitcoin treasury firms, including Michael Saylor’s Strategy and newcomer Twenty One Capital, have contributed heavily to this buying momentum.

On the regulatory front, recent positive shifts in the U.S. have helped boost investor confidence. The U.S. Senate’s progress on stablecoin regulation, coupled with moves by several states and countries to establish bitcoin reserve frameworks, underscores growing acceptance of digital assets as mainstream investment options.

Experts note that this latest rally shows signs of strength and sustainability, unlike previous peaks. Favorable financial conditions, strong stablecoin liquidity, and a lack of speculative excess suggest a more solid foundation for bitcoin’s upward trajectory.