Bitcoin has reached an unprecedented price of over $110,000, gaining 3% in the past 24 hours. The cryptocurrency hit an all-time high of $110,788.98 on Coinbase on May 21, surpassing its previous record of $109,458 set earlier that day. This surge follows a significant increase of 17.5% in 2025 and a recovery of 47% since dropping to $75,000 in early April, spurred by market turmoil caused by US tariffs. Industry experts attribute the rise to a more mature interest in digital assets and institutional participation, with a shift in investor sentiment towards more substantial allocations. While Google Trends have shown decreased retail interest, the Crypto Fear & Greed Index indicates a sentiment of 'greed' in the market. Some analysts predict Bitcoin prices could reach $160,000 by year's end, and even $1 million by 2030. On a related note, a significant leveraged position of $1.1 billion was established, marking a high-stakes move amid the current market conditions.

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