Bitcoin (BTC) continues to dominate headlines, trading at $105,941.58, up 2.82% in the last 24 hours. Its market cap now stands at a staggering $2.10 trillion, with a daily trading volume of $59.84 billion.
BTC recently notched its highest-ever weekly close just below $106,500, surpassing its previous record of $104,400 set in December. The all-time high of $109,358 reached on January 20 appears closer than ever. “Bitcoin just had its highest daily candle close… ever,” investor Scott Melker posted to X on May 19. Analyst Rekt Capital noted that “Bitcoin will develop a brand new higher high.”
BTC’s dominance in the market has now surged to 53.2%, the highest in over three years. Open interest in BTC futures has also hit a record $36 billion, signaling rising trader conviction. Michael Saylor’s company, MicroStrategy, also bought another 7,390 BTC last week. Thus, reaffirming bullish institutional sentiment even amid regulatory scrutiny and a new class-action lawsuit.