Business Desk 
May 22, 2025
In a surprising development in the landscape of digital assets, Bitcoin surged to a record high on Wednesday, reaching an all-time high of $109,760.08 to outpace its January ascent to the $109,000 mark after Trump's takeover of the US presidency.
Bitcoin's skyrocketing rise follows after risk appetite among investors reportedly recovered after last month’s massive selloff prompted by the US tariffs.
The world's largest cryptocurrency settled at $108,117, registering a 1.1% increase, following its short-lived upward stride, as reported by Reuters.
This upward trend of Bitcoin is being attributed to several factors, including easing trade tensions between the US and China, alongside Moody's recent cut of US sovereign debt.
Unlike Bitcoin value breaking all its previous records, Ether, the second-largest cryptocurrency, landed in hot water, decreasing by 0.5% to settle at $2,513.
"Now that January's high has been surpassed—and the 50% gain from April's lows has been realised—Bitcoin enters blue sky territory, buoyed by institutional momentum and a favourable US regulatory environment," said Antoni Trenchev, co-founder of digital asset trading platform Nexo.
It's worth noting that Bitcoin surges, most of the time, resemble the performance of technology stocks, which are likely to rise when investor sentiment is strong.
