The latest rally into price discovery comes amid strong institutional investments, favorable regulatory developments, and increased market activity in recent weeks.
Based on CryptoSlate data, Bitcoin was trading at $109,2460 as of press time, up 4.3% over the past 24 hours.
Bitcoin’s 24-hour trading volume reached $50.84 billion, with a market capitalization of $2.13 trillion. Futures market activity has also intensified, with open interest hitting an all-time high of $76.20 billion on May 21, indicating heightened investor engagement.
As Bitcoin continues its upward trajectory, market participants are closely monitoring its performance, anticipating potential new all-time highs in the near future.
