Bitcoin Reaches All-Time High of $109,400 Amid Increased Investor Interest
Bitcoin (BTC) achieved a record price of $109,400, exceeding the previous high from January. The CoinDesk Bitcoin Index reported a peak at $109,486 during early U.S. trading on Wednesday. This represents a 46% increase from its April low, influenced by concerns over global trade tensions and U.S. tariffs.
Key points include:
- Spot bitcoin ETFs experienced $3.6 billion in net inflows in May, indicating renewed investor interest.
- Investment firms focused on BTC, including those led by Michael Saylor's Strategy and Twenty One Capital, contributed to the buying surge.
- Positive regulatory developments in the U.S. support digital assets as a legitimate investment class, with the Senate advancing a bill to regulate stablecoins.
- Several states and countries are progressing with legislation for bitcoin reserves.
- Analysts note this rally appears more sustainable due to favorable financial conditions and the absence of speculative behavior seen in past peaks.