Bitcoin Hits New All-Time High, Surpasses January Peak Amid Market Rally

Bitcoin has surged to a new all-time high, surpassing its previous peak set in January 2025.

On Wednesday, Bitcoin’s price reached around $109,481.83, marking a 2% gain on the day and eclipsing the January top of approximately $109,300.

This 2% gain on the day reflects a strong rally driven by easing geopolitical tensions, particularly the easing of the U.S.-China trade war, which has improved overall market sentiment and increased investor appetite for alternative assets like Bitcoin.

The cryptocurrency’s rise is further supported by significant inflows into spot Bitcoin exchange-traded funds (ETFs), with $3.6 billion in net inflows recorded in May, signalling renewed investor interest. Additionally, growing corporate enthusiasm and broader acceptance on Wall Street have bolstered confidence in Bitcoin as a mainstream asset.

Positive regulatory developments in the United States, including the Senate advancing legislation to regulate stablecoins, have also contributed to the favourable environment for cryptocurrencies. Since early April, Bitcoin has climbed more than 47%, recovering strongly from earlier sell-offs triggered by trade tensions and market uncertainties.

Analysts note that this rally appears more sustainable than previous surges due to healthier financial conditions and reduced speculative excess. However, some caution remains as technical indicators suggest Bitcoin is entering overbought territory, prompting investors to remain vigilant as the market continues to evolve.