Bitcoin (BTC) Price Hits All-Time High (ATH) of $111,000, Overtaking Amazon to Become 5th Largest Asset

The cryptocurrency market is experiencing a remarkable rally, with Bitcoin ATH at $111,000 for the first time on May 22, 2025

The cryptocurrency market is experiencing a remarkable rally, with Bitcoin reaching a new all-time high of $111,000 on May 22, 2025.

This milestone occurs 15 years after Bitcoin Pizza Day, marking the first real-world transaction of Bitcoin, where 10,000 BTC were exchanged for two pizzas. The symbolic date has amplified market enthusiasm, with Bitcoin rising 7.3% over the past seven days.

The total cryptocurrency market capitalization reached $3.6 trillion, and Bitcoin’s dominance stood at 61.1%, highlighting its central role in driving market sentiment.

Ethereum also posted gains, trading at $2,600, a 40.7% increase over the past 14 days. Ethereum’s DeFi ecosystem is thriving, with platforms like Uniswap and Aave experiencing increased activity due to lower gas fees, enhancing accessibility. This trend is fueling renewed interest in Ethereum-based decentralized applications, boosting their market resilience and growth potential.

Solana climbed to $175, a 16.5% increase over 14 days, driven by excitement surrounding the upcoming second-generation Seeker device, which has already secured over $67.5 million in pre-orders from the Solana community. Members are eagerly anticipating the Alpenglow proposal, a game-changing upgrade that is expected to enhance network performance and scalability, further boosting investor confidence and sustaining Solana’s strong market momentum.

XRP, a top performer, rose 10.7% over the past 14 days to reach $2.40. The recent launch of XRP futures has sparked optimism for a potential spot XRP ETF, which could increase liquidity and attract institutional investors, further propelling XRP’s upward trajectory.

Other major cryptocurrencies, including BNB, Cardano, and Dogecoin, also recorded solid gains, reflecting broad market optimism.

In the last 24 hours, over $522 million worth of leveraged positions have been liquidated, 63% of which are in short. The largest single liquidation order occurred on Bybit with the BTCUSDT pair, amounting to $6.36 million.

Bitcoin’s historic ATH marks a significant milestone, as it overtakes Amazon to become the 5th largest asset globally by market capitalization. With a market cap of $2.17 trillion, Bitcoin surpasses Amazon’s $2.07 trillion valuation, cementing its status as a global financial powerhouse.

Strong Bets by Institutions and Whales Push Bitcoin to All-Time High

Bitcoin's ATH at $111,000 appears driven by strategic moves from institutional investors and large crypto whales, who seem to have anticipated favorable market developments.

Spot Bitcoin ETFs have seen record inflows of nearly $7 billion since April, highlighting robust institutional confidence in Bitcoin as a long-term store of value. This surge in ETF investments, particularly through vehicles like BlackRock’s iShares Bitcoin Trust (IBIT), which manages over $56 billion in assets, underscores Bitcoin’s growing legitimacy among traditional finance players.

Moreover, JPMorgan’s shift in stance, investing $1.7 billion in Bitcoin ETFs, signals a broader institutional embrace, further fueling bullish sentiment.

Meanwhile, three Hyperliquid whales placed $1 billion in 40x leveraged long positions on Bitcoin, a bold bet indicating their strong belief in an imminent price breakout, potentially driven by insider knowledge or market trends.

Another whale has joined the betting club and entered a 900 BTC ($99.67 million) position at $110,130.5, realizing a profit of approximately $1.3 million, with a liquidation price of $95,959.