Bitcoin price hits all-time high — $109,460

The value of Bitcoin has reached a new all-time high. On the evening of May 21, the leading cryptocurrency surpassed the $109,000 mark for the first time, stopping at $109,460.

The previous record, set on January 20, was $109,312 and held for four months.

What Caused the Surge?

Analysts attribute Bitcoin's spike to easing macroeconomic tensions. In particular, the market responded positively to news of a trade agreement between the US and China.

Just nine days ago, the White House announced a reduction of mutual tariffs between Washington and Beijing to 10% for a period of 90 days. This reduced global market risks and positively affected investor sentiment.

According to Aurélie Barther, Chief Analyst at Nansen, the consensus between the two largest economies in the world «eliminated the risk of a sudden re-escalation,» significantly boosting interest in risk assets — both in traditional finance and in crypto.

The Market Reacts Instantly

Following the news, Bitcoin’s price began to surge rapidly, reaching a new historical high within hours.