Bitcoin Price Exceeds $111,000 at a Moment

On the evening of May 22, 2025, the price of the first cryptocurrency BTC/USDT on the Binance exchange almost reached its historical maximum, setting a peak at $111,980, after which the rate corrected and is trading around $110,650.

The key driver of the move has been massive institutional accumulation. Over the past seven days, $3.22 billion has been invested in Bitcoin through US spot ETFs alone. As of May 22, $934 million in new investments have been made, indicating sustained interest from major players.

“Investors are increasingly looking at the crypto market as an alternative to traditional assets,” said analysts at QCP Capital.

Although Bitcoin remains the leader in terms of trading volume and capitalization, the following crypto assets stood out among the top 10 crypto assets over the past day: Solana (SOL) — +11.3%; Dogecoin (DOGE) — +9.7%; Cardano (ADA) — +8.2%. Analysts attribute their growth to the update of the blockchain infrastructure, deflationary models, and the expectation of new product announcements from project teams.