Well, well, well, what do we have here? Bitcoin’s price has finally broken the January all-time high and set a new record earlier today, soaring to almost $112,000 as its market cap flew past the $2.2 trillion line. 🚀
And if you thought that was impressive, just wait till you hear about HYPE. This little gem has shot up beyond $30, making it the star of the altcoin show. 🌟
BTC’s New ATH
BTC broke above $100,000 on May 8 and has been basking in the six-digit price territory ever since. For weeks, it’s been a tightrope walk between $103,000 and $105,000, with the occasional false breakout attempt to either side. 🤔
The past weekend saw another surge toward the upper boundary, which was initially stopped by the bears. More volatility ensued as the business week progressed. In short, BTC pumped to $107,000 a couple of times, but each rejection pushed it south by several grand. 🌊
But yesterday, the bulls took complete control of the market, pushed beyond that resistance, and finally helped the primary cryptocurrency break its January all-time high of around $109,100 and set a new one at almost $110,000. At first, bitcoin was driven south again, to almost $106,000, but the situation reversed during the Monday morning Asian trading session when it flew to nearly $112,000 to set a fresh record. 🚀
Despite dropping to $110,500 at this point, its market cap has risen to around $2.2 trillion, making bitcoin the fifth-largest asset by that metric. It’s above giants like Amazon and Alphabet (Google) but trails behind Apple and gold, which is the undisputed leader. 🏆
HYPE Rises
The altcoins have turned green as well today, with ETH surging by 5% and climbing above $2,650. XRP is up by 3.8% and sits well above $2.4, while BNB has jumped past $680 after a 5% daily pump. Even more impressive gains come from the likes of SOL, DOGE, ADA, SUI, LINK, AVAX, and SHIB. 🌱
However, the day belongs to HYPE, which has skyrocketed by 19% and now trades above $31. With most other lower- and mid-cap alts well in the green, the total crypto market cap has soared by over $120 billion and sits beyond $3.6 trillion on CG now. 🌈
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2025-05-22 12:17