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Cryptocurrency News Articles

Bitcoin hits record $US110,000 amid ‘stupendous’ buying

May 22, 2025 at 11:44 am

In early April, cryptocurrency traders were wondering just how far the price of bitcoin could fall after US President Donald Trump's so-called “liberation day” tariffs

Bitcoin hits record $US110,000 amid ‘stupendous’ buying

In early April, cryptocurrency traders were wondering just how far the price of bitcoin could fall after US President Donald Trump’s so-called “liberation day” tariffs injected mayhem into global financial markets.

The exodus from risk assets like equities and cryptocurrencies sent bitcoin tumbling to near $US74,000 – a 32 per cent slump from its record high of $US109,356 around the time of Trump’s inauguration on January 20.

Original source:afr

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