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Bitcoin Rally Pushes Biggest Token Further Into Record Territory
Posted
May 22, 2025
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May 22, 2025
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2:41Now PlayingBitcoin surpassed $111,000 for the first time, driven by increasing institutional demand and support from Donald Trump's administration.
A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US senate fueled hopes of greater regulatory clarity for digital-asset firms.
Bitcoin's outperformance relative to smaller cryptocurrencies is widening, with an index that tracks so-called altcoins down about 40% year-to-date, while Bitcoin is up 18% so far in 2025. Bloomberg Intelligence's Mike McGlone reports.
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