Bitcoin updates its weekly closing record and approaches an all-time high
On May 19, 2025, Bitcoin (BTC) reached a new record weekly close of just under $106,500 at midnight UTC on Sunday, May 18. This is evidenced by TradingView data. The cryptocurrency is once again approaching its all-time high, showing strong growth.
Details of Bitcoin price growth
The previous record weekly close was set in December 2024, when Bitcoin reached $104,400. After that, on January 20, 2025, the cryptocurrency updated its all-time high, rising to $109,358. In addition, on May 18, Bitcoin recorded a record daily close in a 24-hour period. Investor Scott Melker noted in a post on X on May 19: “Bitcoin just recorded its highest daily close… in history.” However, this is not the largest daily gain in cryptocurrency history.
At the time of writing the news, May 19, 2025 at 23:53 CEST, the price of Bitcoin is $105,308, according to current data. This means the cryptocurrency is less than 3% away from its peak value. Analyst Rekt Capital expressed optimism, saying that “Bitcoin could set a new, higher high.”
Importance for the cryptocurrency market
Bitcoin’s rise to record levels underscores continued investor interest in the cryptocurrency despite market volatility. In my opinion, the current dynamics may be due to growing institutional support and positive news in the crypto industry, such as easing regulations in some countries. However, investors should remain cautious as Bitcoin is known for its wild swings and a correction after such peaks is not ruled out.
News highlights
- Bitcoin reached a record weekly close of $106,500 on the night of May 18.
- The cryptocurrency is 3% away from the all-time high of $109,358, set on January 20.
- Bitcoin also recorded a record daily close on May 18.
- The current price of BTC as of May 20, 01:24 was $105,308.
Disclaimer: The information in this article is for informational purposes only and does not constitute investment advice. CryptoInside is not responsible for any losses associated with the use of this information.
The crypto market isn't just about numbers—it's a complex ecosystem where politics, technology, and economics intertwine. In my news coverage, I strive not merely to recount events, but to analyze their real impact on the market. My goal is to make cryptocurrency news clear, accessible, and objective.
