Bitcoin Breaks Previous High, Surging Past $109,400

Bitcoin Hits New All-Time High Above $109,400, Surpassing January’s Inauguration Peak

Bitcoin (BTC) surged past $109,400 on Wednesday, breaking the record set just before President Donald Trump’s inauguration in January 2017.

The CoinDesk Bitcoin Index recorded BTC reaching $109,486 during early U.S. trading, representing a rally of over 46% since its April low amid concerns about the global trade war and U.S. tariffs.

This latest peak coincides with significant inflows into spot bitcoin ETFs, which have attracted $3.6 billion in net investments in May alone. Prominent bitcoin treasury holders, such as Michael Saylor’s Strategy and new entrant Twenty One Capital, have been major contributors to the buying momentum.

Supportive regulatory developments have further bolstered market sentiment. The U.S. Senate recently moved forward on stablecoin regulation, and various states and countries are advancing legislation to create bitcoin reserves, increasing legitimacy for cryptocurrencies as an asset class.

Analysts suggest the current rally is more robust and sustainable than prior surges, citing healthier financial conditions, strong stablecoin flows, and a notable absence of speculative mania that marked earlier price peaks.