On May 21, 2025, Bitcoin set a new all-time high (ATH), surpassing the mark of $109,444. This indicates significant changes in the cryptocurrency market, according to data from TradingView.
This is reported by Business • Media
Growth Dynamics and Reasons for Success
The previous high of around $109,000 was recorded in January 2025. It is important to note that specific ATH values may vary across different platforms: according to CoinMarketCap and the Binance exchange, the previous ATH was $109,114, while on Coingecko it was $108,786.
Over the past day, the asset has shown steady growth. Paul Howard, the director of the cryptocurrency trading company Wincent, pointed to possible reasons for this rally: improvements in the regulatory environment in the U.S. and increasing demand for Bitcoin and its derivatives from institutional investors.
Market Changes and Forecasts
According to SoSoValue, since the beginning of May, over $3.6 billion has flowed into U.S. spot Bitcoin ETFs. Additionally, more and more banks are beginning to change their positions on cryptocurrencies, offering clients opportunities to work with such assets. For example, JPMorgan Chase CEO Jamie Dimon confirmed that the bank will allow its clients to purchase Bitcoins. The company believes that the first cryptocurrency could outperform gold in terms of growth rates.
Arthur Hayes, co-founder of the BitMEX exchange, previously stated that Bitcoin reached its bottom in early April 2025 and will continue to grow in the near future. Adam Back, head of Blockstream, expressed confidence that the value of Bitcoin within the current four-year market cycle could reach $1 million.
“We believe that Bitcoin will be able to surpass gold in terms of growth rates.”