Bitcoin (BTC) Reaches a New All-Time High Price, Dogecoin (DOGE) Experiences a Surge in Value

The cryptocurrency market has again shown significant dynamics with Bitcoin (BTC) recording a new record high price, while Dogecoin (DOGE) experienced a notable surge in value.

The cryptocurrency market continues to display interesting dynamics with Bitcoin (BTC) hitting a new all-time high price and Dogecoin (DOGE) showing a remarkable surge in value.

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As global economic conditions evolve, investors are pouring more interest into digital assets, leading to these developments.

Bitcoin Hits Record High Price Again

On Wednesday, May 21, 2025, Bitcoin reached an all-time high of $109,565, or about Rp1.786 billion, according to data from CoinGecko. This marks a significant recovery from the previous lows of $75,000 in early April.

This price surge was driven by several factors. Notably, there was an inflow of funds into Bitcoin Exchange-Traded Funds (ETFs), which saw an influx of $1 billion in the last two days.

Additionally, President Trump's move to ease trade war rhetoric also contributed to increased risk appetite among investors for digital assets.

Dogecoin Outperforms Bitcoin

While Bitcoin is setting new highs, Dogecoin has shown even more impressive performance with daily price gains that outpace Bitcoin's 4%. Within a 30-day period, DOGE saw an increase of almost 44%, reaching a price of around $0.24 or Rp3,913.

However, this rise comes despite a pending decision by the US Securities and Exchange Commission (SEC) regarding a DOGE-based ETF proposal submitted by Grayscale. According to Grayscale's Zach Pandl, many altcoins are currently trading at a discount, and DeFi protocols that support stablecoins and tokenized assets have the potential to benefit the most.

Optimism over Bitcoin's future continues to rise, with predictions from industry figures such as Adam Back suggesting that BTC prices could reach between $500,000 and $1 million within this cycle.

On trading platforms like Polymarket and Kalshi, multimillion-dollar bets are being placed on Bitcoin's price movements, and by the end of 2025, there is a probability of over 70% that BTC will reach $125,000.

On the other hand, Ethereum (ETH) has also shown positive performance with a 32% increase in price in the past week, driven by Pectra network updates and improved market sentiment. This performance places ETH as one of the fastest-growing altcoins today.

The significant price movements of Bitcoin and Dogecoin highlight the evolving dynamics of the cryptocurrency market.

Although volatility remains a key characteristic, investor interest in digital assets is showing a positive trend that could influence the future direction of the market.