Bitcoin Sets a New Price Record: What Are the Implications for the Crypto Market?
Jakarta, Pintu News – Bitcoin has stolen the spotlight once again by breaking through its all-time high (ATH) amidst dynamic market conditions. This price increase has prompted discussions among analysts and industry players regarding the potential continuation of the trend and its impact on altcoins and the crypto market in general.
New Record Bitcoin Price and Surge in Investor Interest
Bitcoin set a new record price of $109,468.10, surpassing the previous ATH set in January 2025. This momentum comes amid growing interest in digital assets, with BTC trading volume up more than 20% in the past 24 hours to $64.6 billion.
This price surge was also supported by an increase in open interest in the derivatives market, signaling increased investor confidence in the potential for further gains. Based on data from CoinGlass, Bitcoin’s open interest rose from $66.6 billion to $72 billion, dominated by large institutions such as CME ($16.9 billion) and Binance ($12 billion).
At the same time, Bitcoin’s realized capitalization grew by $3 billion in a short period of time, indicating widespread adoption of the cryptocurrency. Analysts observe that Bitcoin is now beginning to break free from its traditional correlation with the stock market, making it a more attractive hedge asset amid global economic uncertainty.
Also Read: XRP Futures Launches on CME: A New Beginning for Crypto Investing!
Industry Players’ Responses and Optimistic Sentiments
A number of important figures in the crypto industry have responded to Bitcoin’s latest milestone. Binance CEO, Richard Teng, stated that this milestone proves Bitcoin’s ability to exceed expectations and open up new avenues in the world of digital finance.
The report from K33, written by Head of Research Vetle Lunde and Senior Analyst David Zimmerman, predicts that the crypto market will experience positive developments, mainly triggered by the Trump administration’s policies that are more inclined to support digital assets. They think Bitcoin will show relative strength compared to equity markets in the next few months.
A similar prediction was also made by the author of the book ‘Rich Dad Poor Dad’, Robert Kiyosaki, who said that the price of Bitcoin could reach $500,000 or around IDR 8.153 billion in this cycle. This shows the high optimism of well-known figures regarding the long-term growth potential of this crypto asset.
Altcoin Potential to Follow the Trend
Bitcoin’s sharp rise in price has also prompted attention to altcoins such as Ethereum , Ripple , Solana , and Cardano . At the time of writing, ETH has risen 5.2% to $2,600, although it is still about 46% below its ATH.
Analysts predict that Ethereum could lead the next altcoin rally, supported by improved network infrastructure and capital flows from Bitcoin. The protocol update by the Ethereum Foundation is a major factor strengthening ETH’s fundamentals for the next rally.
Other altcoins have also posted positive performance in the past 24 hours, with XRP up 3.65%, Solana 5.14%, and Cardano 6.96%. Positive sentiments towards the launch of financial products such as XRP-based ETFs have also strengthened hopes for an influx of institutional funds into the altcoin market.
Conclusion
Bitcoin’s record-breaking price rise is an important signal of the growing strength of the crypto market. Amidst global economic uncertainty and increasing institutional involvement, investors need to keep a close eye on the opportunities and risks that arise as market dynamics become more complex.
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:
- The Coin Republic. Price of Bitcoin Breaks New All-Time High: Where is the Cycle Top?. Accessed May 22, 2025.
- Featured Image: Generated by AI
