Bitcoin temporarily hit $106,000
Cryptocurrencies
May 19, 2025
Bitcoin closed the week at a record high of $106,500, marking the strongest weekly close in the cryptocurrency’s history. This surpassed the previous peak weekly close of $104,400 set in December 2024. However, by Monday, the price had dropped to $102,000 as investors took profits.
Steady Climb and New All-Time Close
On May 18, Bitcoin also recorded its highest-ever daily close at $106,500. While the daily increase wasn't the largest in history, it marked a significant technical milestone. Analysts note that the current six-week growth streak resembles the rally of November 2024, when BTC surged by $30,000 in under a month. In May 2025, the price climbed from $94,000 to $106,000.