Bitcoin and Dogecoin set new price records amid crypto market trends

Jakarta, Pintu News – 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. These movements reflect investors’ growing interest in digital assets amidst changing global economic conditions.

Bitcoin Reaches Record High Price

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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.

Bitcoin’s price surge was driven by several factors, including the inflow of funds into Bitcoin Exchange-Traded Funds (ETFs) that reached $1 billion in the last two days. In addition, President Trump’s easing of trade war rhetoric also increased investors’ risk appetite for digital assets.

Also Read: XRP Futures Launches on CME: A New Beginning for Crypto Investing!

Dogecoin Surpasses Bitcoin’s Performance

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While Bitcoin is setting new records, Dogecoin is performing even more impressively with daily price gains that surpass Bitcoin’s 4%. In the last 30-day period, DOGE saw an increase of almost 44%, reaching a price of around $0.24 or Rp3,913.

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.

Predictions and Market Sentiment

Optimism over Bitcoin’s future continues to rise, with predictions from industry figures such as Adam Back predicting BTC prices could reach between $500,000 and $1 million within this cycle. Meanwhile, trading platforms such as Polymarket and Kalshi are recording multimillion-dollar bets on Bitcoin’s price movements, with a probability of over 70% that BTC will reach $125,000 by the end of 2025.

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.

Conclusion

The significant price movements of Bitcoin and Dogecoin reflect the evolving dynamics of the cryptocurrency market. Although volatility remains a key characteristic, investor interest in digital assets shows a positive trend that could influence the future direction of the market.

Also Read: SEC and Crypto Regulation: Between Stability and Innovation

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• James Rubin.“Bitcoin Blasts to New All-Time High Price Above $109,000“. Accessed May 22, 2025.
• Featured Image: Generated by AI