Bitcoin Price (BTC) Has Shattered Its Previous Record, Soaring Past $111,000 Today

Bitcoin price (BTC) has shattered its previous record, soaring today past $111,000 for the first time in history as institutional investors continue to pour billions into the cryptocurrency market.

Bitcoin price (BTC) today, 22 May 2025, smashed through another all-time high (ATH) to reach new heights as the institutional investors keep piling billions into the cryptocurrency market.

This milestone comes amid reports of increasing cryptocurrency adoption by corporations, positive regulatory developments, and improving global economic conditions, which has created the perfect storm for Bitcoin’s ascent.

In this article, we answer the question of why is Bitcoin up, what triggered the recent surge, how does the technical chart analysis look, and what are the latest Bitcoin price predictions for 2025 and beyond.

Why Is Bitcoin Going Up Today? BTC Price Hits New ATH

The world’s largest cryptocurrency touched a high of $111,886.41 in early trading hours, continuing its impressive rally that began in April 2024.

This represents a remarkable 47% recovery from its April low of $74,500, when global markets were hit by trade war concerns and tariff uncertainties.

Bitcoin price today, 22 May 2025. Source: CoinMarketCap.com

Several Bitcoin news outlets are reporting several key factors driving Bitcoin’s current surge:

BTC Strong Institutional Demand

Institutional interest in Bitcoin has reached unprecedented levels, providing substantial support for the price rally. U.S.-listed spot Bitcoin ETFs have attracted approximately $4.2 billion in May alone, with inflows recorded on nearly every trading day this month.

These investment vehicles have now accumulated over $40 billion in total assets, showcasing the increasing confidence of institutional investors in Bitcoin as a legitimate asset class.

Source: Farside Investors

Corporate adoption has also accelerated dramatically. Strategy (formerly MicroStrategy) has expanded its Bitcoin holdings to over $50 billion, while numerous other companies have joined the trend:

“Unlike previous cycles, this rally is not momentum-driven alone,” explains Julia Zhou, COO of crypto market maker Caladan. “It is quantitatively underpinned by measurable, persistent demand and supply dislocations.”

Favorable Regulatory Environment

Recent Bitcoin news shows the regulatory landscape for cryptocurrencies has improved significantly in 2025, contributing to Bitcoin’s upward momentum.

The U.S. Senate recently advanced a key stablecoin bill that would create the first regulatory framework for this crucial sector of the crypto market. President Trump has also expressed his intention to sign crypto regulation legislation by August, which will provide much-needed clarity for the industry.

“There is a combination of factors at play that has helped push BTC to new highs and a further break back above $111,000 is inevitable in the coming months. This is because in part, the US regulatory environment is a lot friendlier than anytime in the past,” commented Paul Howard, Senior Director at Wincent. “The macro-economic outlook has improved considerably in the last 3 months. There has been fundamental changes in the way institutions can participate in digital assets including; ETFs, Tokenization, RWA, Stablecoins, spot and derivatives.”

This progress in regulation has bolstered investor confidence and attracted more institutional capital to the space. The addition of Coinbase to the S&P 500 earlier this month further legitimized the cryptocurrency sector as a mainstream financial market.

Macroeconomic Tailwinds Help Bitcoin

Bitcoin’s rise coincides with several favorable macroeconomic developments:

“Bitcoin’s new high has been concocted by an array of favorable ingredients in the macro cauldron,” notes Antoni Trenchev, co-founder of crypto exchange Nexo. “We’ve entered an alternate universe very different from early April when global macro concerns were at their peak.”

Bitcoin Price Prediction 2025: What's Next?

With Bitcoin breaking into uncharted territory, investors are naturally wondering how high could it go in the remainder of 2025. Analysts have different projections based on technical analysis, on-chain metrics, and market fundamentals.

BTC Short-Term Outlook And Technical Analysis

Technical analysts suggest that Bitcoin could target $125,000 in the near term if it maintains momentum above the $110,000 level. As I mentioned in my earlier analysis of Bitcoin’s daily chart, the pin bar candle at the $105,000 support level should be seen as a strong buy signal. Since it formed, BTC has already gained over 6%, giving buyers a clear sign to push for new highs.

Pin bar candle pushed Bitcoin price to new ATH. Source: Tradingview.com

The cryptocurrency has also formed a bullish pattern, with seven consecutive green weekly candles since April, a sign of strong upward momentum.

“A sustained break above $110,000 is needed to trigger the next leg higher towards $125,000,” explains Tony Sycamore, market analyst at IG.

The options market provides additional insights into trader expectations. The most popular Bitcoin call options