Bitcoin's price surged to $107,000 on May 20, 2025, making it less than 2% away from its all-time high of $108,786, which was reached in January. The cryptocurrency's rise follows a rebound in risk-on assets as the trade tensions under President Trump began to ease. The overall market sentiment has improved significantly, contributing to large gains for various cryptocurrencies, with Bitcoin leading the charge. Bitcoin's increase coincides with notable liquidations of short positions in the last 24 hours, indicating a bullish trend. Additionally, other cryptocurrencies are experiencing similar upward momentum, as many have risen substantially during this period. Analysts suggest that Bitcoin could reach $500,000 before the end of Trump's current term due to increasing institutional interest, as major government funds have begun to allocate to Bitcoin and other digital assets. The de-escalation of trade tariffs and ongoing positive market dynamics suggest a sustainable trajectory for Bitcoin in the near future.

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