Bitcoin Steadily Approaches $106,000
05/19/2025 01:47
Bitcoin scores a new local high. What does it mean?
Bitcoin scores a new local high. What does it mean?
Bitcoin, the leading cryptocurrency by market capitalization, reached a new local high of $105,976 earlier this Sunday on the Bitstamp exchange.
After giving up some gains, the flagship cryptocurrency is currently changing hands at $104,619.
As noted by Bitwise CEO Teddy Fusaro, Bitcoin has now managed to surpass the previous local high of $105,787 on May 12.
— Teddy Fusaro (@teddyfuse) May 18, 2025New local high has been installed, $105,950.
Next level to watch is the all-time-high from January 20 of $109,358. https://t.co/G9xCHVC0zN
As reported by U.Today, Robert Kiyosaki, the author of "Rich Dad Poor Dad," recently predicted that the leading cryptocurrency could surge to $250,000 this year.
At press time, Bitcoin is less than 5% away from reclaiming its record high.