Tag: High

OKX launches xBTC following new Bitcoin all-time high at $111k

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Major crypto exchange OKX will be launching wrapped Bitcoin asset, xBTC, as well as related yield products. BTC recently broke through a new all-time high, surpassing $111,000. According to the official announcement, xBTC is a wrapped token that is pegged on a 1 to 1 ratio with the largest cryptocurrency by market cap. Users can start simultaneously depositing and withdrawing xBTC on May 22 at 3:00 AM UTC. The product will be initially available on three major chains, including Solana (SOL), Sui (SUI), and Aptos (APT). xBTC is fully managed…

Bitcoin reaches new all-time high above $111K

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During early Asian trading hours on Thursday, May 22, Bitcoin surged more than 4% from its peak of $109,800 on Wednesday to reach a new all-time high of $111,544.  The milestone follows a brief dip to $106,000 and shows growing investor appetite for alternative assets amid rising macroeconomic uncertainty. The immediate catalyst appears to be the weak demand in the U.S. Treasury’s $16 billion 20-year bond auction on May 21.  Investors pushed for lower prices, which in turn drove bond yields above 5.1%. In bond markets, yields and prices move…

Bitcoin All-Time High Propels It Past Amazon, Google To 5th Place Among Global Assets

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On May 21, Bitcoin (BTC) achieved a remarkable milestone, reaching a new all-time high (ATH) near the $110,000 mark. This surge was fueled by significant buying pressure, elevating Bitcoin’s market capitalization to over $2.1 trillion.  As…

Bitcoin Price Blasts to New All-Time High — Bulls Take the Lead

Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin price started a fresh increase and traded to a new all-time high above the $109,000 zone. BTC is now consolidating and might aim for an increase toward $112,000 Bitcoin started a fresh upward move from the $106,000 zone.…

Why did Bitcoin just hit an all-time high?

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Bitcoin surged past $110,000 on Wednesday evening, setting a new all-time high as crypto rallied hard. The previous peak for Bitcoin (BTC), reached during President Donald Trump’s inauguration in January, was surpassed in late morning trading, according to crypto.news data. The buying momentum sustained after U.S. equity markets closed with the largest cryptocurrency by market cap pushing above $110,000. Bitcoin has gained more than 4.5% in the past 24 hours and over 23% in the last month, reflecting a sharp reversal from April’s downturn. U.S. equities  The rally mirrors the…

Australian regulator asks High Court to allow appeal in Block Earner case

Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is not a financial product. The Australian Securities and Investment Commission (ASIC) said on May 21 that it wants to ask the High Court of Australia to clarify what the definition of a financial product is and clarify the circumstances when an interest-earning product and conversion of assets from one form to another are regulated. “The definition of financial product was drafted…

BTC Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets

Bitcoin’s surge to a fresh all-time record on Wednesday ran into a brick wall just below $110,000. After hitting a record of $109,754, BTC quickly fell to about 3% to the $106,000 area. At press time, the top cryptocurrency was trading just above $107,000 according to CryptoX’s Bitcoin Price Index, modestly lower over the past 24 hours. Other cryptocurrencies took a hit as well, with ether and solana also slightly lower over the last day despite the early Wednesday run higher. The reason behind the price action may be as…

Dow Jones down 600 points, stocks retreat while Bitcoin registeres all-time high

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U.S. government debt is rattling investors, contributing to a sharp decline in the markets—even as Bitcoin reached a new all-time high. U.S. public debt has ignited investor concerns, even as Bitcoin (BTC) reached its all-time high. On May 21, the S&P 500 traded at 5,882.35 points, down 0.98%, while the tech-heavy Nasdaq was at 21,232.05, down 0.63%. At the same time, the Dow Jones was deep in the red at 42,059.08, losing 620.63 points, or 1.46%. DOW Jones Industrial Average heat map | Source: TipRanks Investor focus is primarily on…

Dow Jones down 600 points, stocks retreat while Bitcoin registers all-time high

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U.S. government debt is rattling investors, contributing to a sharp decline in the markets—even as Bitcoin reached a new all-time high. U.S. public debt has ignited investor concerns, even as Bitcoin (BTC) reached its all-time high. On May 21, the S&P 500 traded at 5,882.35 points, down 0.98%, while the tech-heavy Nasdaq was at 21,232.05, down 0.63%. At the same time, the Dow Jones was deep in the red at 42,059.08, losing 620.63 points, or 1.46%. DOW Jones Industrial Average heat map | Source: TipRanks Investor focus is primarily on…