Bitcoin (BTC) Price Reaches a New All-Time High (ATH) of over $111,500

Bitcoin has reached a new all-time high (ATH) of over $111,500, marking a significant milestone in the cryptocurrency market.

Crypto market news: Bitcoin nears $110,000 as ether gains momentum – TechCrunch

Bitcoin price rose slightly on Monday, stabilizing after hitting a new all-time high (ATH) of over $111,500. Following this surge, Bitcoin futures slid from highs hit on Friday, May 26.

After setting a new ATH of over $111,500, Bitcoin price pulled back and stabilized around the $109,000 mark as U.S. trading began on Monday, May 26.

Bitcoin price displayed a modest increase of 1.30%, trading at approximately $109,612 on global exchanges. Indian cryptocurrency platforms also reported a similar trend, with Bitcoin prices rising by less than two percent.

Current trading ranges for Bitcoin on exchanges like Giottus and CoinDCX are between $109,288 and $112,827.

Analysts observed that Bitcoin is encountering resistance in breaking through the $110,000 barrier, but overall, the crypto market has started the week on a positive note. Despite ongoing tariff threats, investor interest in Bitcoin remains strong, evidenced by rapidly declining exchange balances and Bitcoin ETFs seeing inflows of over $2.75 billion in the past week.

The CoinDCX research team highlighted that the combination of rising demand and shrinking supply bodes well for a positive outlook on Bitcoin prices in the near future.

CoinDCX Research

After a steep decline of 48% in April, Ethereum price showed signs of recovery as it rose by 2.30% in the last 24 hours. At the time of writing, Ethereum was trading at around $2,507 on international platforms, while Indian exchanges reported prices closer to $2,639.

Recent performance of Ethereum suggests a potential rebound, with ETH-BTC demonstrating a 38% recovery from its April lows. This trend indicates a shift in investment flows and increasing profitability for short-term holders, now nearing 100%.

According to Himanshu Maradiya, Founder and Chairman of CIFDAQ, this uptick may indicate greater activity from professional investors compared to retail momentum.

Altcoins display mixed performance on Monday

In the broader cryptocurrency market, many altcoins were trading in the green on Monday. Among the top gainers were Ripple, Binance Coin, Cardano, Tron, Avalanche, and Stellar, all displaying gains of over two percent.

Other cryptocurrencies, including Leo, Polkadot, Uniswap, Cronos, Cosmos, Iota, and Polygon, also registered small gains of less than one percent. Overall, the crypto market capitalization rose by 1.26% in the last 24 hours, reaching approximately $3.44 trillion.

Avinash Shekhar, Co-Founder and CEO of Pi42, noted that despite the challenges posed by tariff fluctuations, the altcoin sector has shown strength.

“We saw HYPE token gain 30%, AAVE rose around 24%, and XMR had a good week, gaining 14%. However, SUI and XRP fell around 6%, while LTC dropped 6.6%. This demonstrates the opportunities and risks present in the crypto market,” Shekhar said.

Despite the gains by many altcoins, a few cryptocurrencies faced losses on Monday. Among them are Tether, Solana, Dogecoin, Chainlink, Monero, and Litecoin, which experienced declines of over two percent.

The mixed performance across various cryptocurrencies highlights the volatile and unpredictable nature of the market, emphasizing the need for investors to stay vigilant and informed.