Bitcoin Price Surges to $112K; Ethereum, XRP, Altcoins Also Soar

• Bitcoin tests $112K zone and renews all-time high
• Altcoins like Ethereum and XRP follow the rally
• Leveraged trader makes $20 million profit on Bitcoin

Thursday, May 22, 2025 – Bitcoin price is trading at $110.797 today, up 4% in the last 24 hours. Bitcoin bulls have pushed the price to a new all-time high (ATH) of around $111.880 on Binance and appear to have the momentum to take the price to new heights.

Bitcoin hit an all-time high on Thursday, hitting $112 during Asian trading. The move broke through previous resistance at $109.100 and lifted the cryptocurrency’s market cap above $2,2 trillion. The new rally was fueled by increased buying power after weeks of consolidation.

While BTC is leading the movement, other cryptocurrencies have also registered strong appreciation in the last 24 hours. Ethereum (ETH) is quoted at US$2.650,71 with an increase of 4,33%. Binance Coin (BNB) reached US$687,38, appreciating 5,01%, while Solana (SOL) is operating at US$178,09 with an increase of 5,21%.

Among the most traded, XRP rose 3,01% in the last 24 hours and is now trading at US$2,42. Dogecoin (DOGE) also performed strongly, trading at US$0,2406, up 6,33%. Cardano (ADA) is trading at US$0,802 after rising 6,20%, and Tron (TRX) is up 2,84%, trading at US$0,2789.

Bitcoin’s price surge comes amid turmoil in U.S. financial markets. An auction of 20-year bonds with low demand sent Treasury yields soaring, weighing on major stock indexes. The SP 500 dropped 80 points in just 30 minutes, while the Nasdaq and Dow Jones also closed lower.

Despite the price gains, Google Trends data points to low searches for the term “Bitcoin,” reflecting waning retail interest. In contrast, the Cryptocurrency Fear and Greed Index rose to 72, classifying market sentiment as “greed.”

On the Hyperliquidity platform, trader James Wynn holds a 40x leveraged position in Bitcoin, valued at over $1,1 billion. With an entry point of $108.065, the trade has already accumulated unrealized profits of $20 million. The liquidation level is set at $103.800.