Breaking News: Bitcoin breaks historical high, OKX spot reaches $109,457!

Bitcoin rushed to a new high of $109,000 and launched a $110,000 shock war. (Synopsis: Standard Chartered Bank: Institutions are buying micro-strategies (MSTR) layout bitcoin, looking at $500,000 on BTC in 2029) (Background addition: analysts dismantle bitcoin's ladder rally: next target price of $115,000) Bitcoin touched 109 at about 11 p.m. on May 21, 2025. $457. This is the price advantage achieved by bitcoin in the short term after standing at the $100,000 mark on May 8, highlighting the market's confidence in the rapid growth of this crypto asset and strong buying momentum. The influx of institutional funds and the regulatory environment are becoming clearer The factors driving Bitcoin's strong rally this round are diverse. First, institutional investors are accelerating their deployment, with Bitcoin exchange-traded products (ETPs) seeing historic monthly net inflows, according to Bloomberg data. At the same time, companies such as Strategy (formerly MicroStrategy) continue to buy bitcoin in large quantities, which has also significantly boosted market confidence. Secondly, there are also positive signals on regulatory development. Former U.S. President Donald Trump signed an executive order friendly to the cryptocurrency industry in January this year, and progress has been made on the GENIUS Act, which provides a regulatory framework for stablecoins. These initiatives will help improve the transparency and compliance of the overall market, thereby attracting more traditional capital inflows. Analysts are optimistic about the future Market maturity indicators show that the current market environment is healthier than the previous bull market. Stable funding rates and the activity patterns of large investors (whales) indicate a more solid foundation in the market structure. At the technical analysis level, Cointelegraph quoted analysts as saying that based on fractal patterns analysis, bitcoin prices may climb further above $110,000 by the end of this week. Related reports Strive buys 75,000 bitcoins of "Mt.Gox debt" at a low price, aiming to build BTC reserves and go public Wall Street bullish bitcoin mining company Core Scientific shares rise another 60%: eat AI computing power dividends "News" Bitcoin broke a record high, OKX spot reached $109,457! This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".