Bitcoin hits record high near $111,000 due to institutional buying and US debt concerns

From Yahoo Finance: 2025-05-22 12:51:00

Bitcoin soared past $111,000 per token on Thursday, hitting a record high as institutional buying and US debt concerns drove demand for the cryptocurrency. The market reacted to government plans to print more money and grow deficits, pushing investors towards alternatives like Bitcoin. Rising bond yields also fueled interest in the digital currency.

Institutional buying, friendly regulations, and $8 billion flowing into Bitcoin-related ETFs in the past month have driven prices up. Bitcoin has surged 60% since President Trump’s election, with key figures like cryptocurrency advocate Paul Atkins appointed to regulatory positions. The recent rally follows a procedural win in the Senate for stablecoin regulation.

Crypto exchange Kraken plans to offer “tokenized equities” of popular stocks like Apple and Tesla to non-US customers. Coinbase made history by becoming the first cryptocurrency exchange to join the S&P 500 index, marking a significant milestone for the industry. Companies are increasingly adding Bitcoin to their balance sheets as interest in the digital asset grows.



Read more at Yahoo Finance: Bitcoin hovers near $111,000 as crypto momentum grows