Bitcoin hits new all-time high, reaching $109,000, propelled by market gains and policy advancements

From Yahoo Finance: 2025-05-21 09:49:00

Bitcoin hit a new all-time high, surpassing $109,000, up 4% in a day and 23% in a month. This surge mirrors stock market gains, with the S&P 500 up 15% and the Nasdaq up 21%. The rise follows Trump’s easing of tariffs, which had caused market fears earlier in the year.

Trump’s initial tariff announcements caused international economic worries, impacting stock and bond markets. However, Trump later delayed severe tariffs, negotiating a 90-day pause with China, leading to market rebounds. Bitcoin’s price surge is seen as aided by recent policy advancements and progress on a bill regulating stablecoins.

Investor enthusiasm for Bitcoin surged after Trump’s reelection, anticipating deregulation and interest rate cuts. Bitcoin’s price movements are often attributed to market changes, with Wednesday’s surge potentially linked to policy advancements and strong institutional inflows into spot Bitcoin ETFs.



Read more at Yahoo Finance: Bitcoin hits all-time high of $109,000 amid stock market recovery