Bitcoin’s Bullish Surge: Investors Bet Millions on New Price Milestones
Bitcoin has reached a historic peak above $109,000, sparking intense speculation and high-stakes bets across prediction markets. With over $19 million wagered on platforms like Polymarket, traders are overwhelmingly confident in Bitcoin’s continued ascent, pricing in a 93% chance of surpassing $110,000 by the end of May. This rally has solidified market optimism, with nearly half of participants predicting a climb to $115,000 within the year. As of now, Bitcoin is trading at 107,521.74 USDT, reflecting the dynamic and bullish sentiment surrounding the cryptocurrency.
Investors Wager Millions on Bitcoin’s Price Trajectory After Record High
Bitcoin surged to a historic peak above $109,000 on Wednesday, igniting frenetic activity across prediction markets. Over $19 million in bets have been placed on Polymarket alone, with traders assigning a 93% probability BTC will breach $110,000 by May’s end.
The rally has crystallized market optimism, with nearly half of participants anticipating a climb to $115,000 this year. Kalshi and Myriad Markets report similar bullish positioning, reflecting growing institutional conviction in crypto’s maturation as an asset class.
Top Reasons Why Bitcoin Price Rallied to New ATH Today, May 21
Bitcoin surged past $109,864, marking a new all-time high as market euphoria aligns with subtle Federal Reserve easing. The rally, fueled by a 4% daily gain, propelled Bitcoin’s market cap beyond $2.17 trillion—eclipsing tech giants Amazon and Google to become the world’s fifth-largest asset.
Altcoins mirrored the momentum, lifting the total crypto market capitalization to $3.57 trillion. This upward trajectory reflects growing institutional confidence and retail FOMO, with analysts noting the market has entered a decisive phase of the 2024/2025 bull cycle.
Texas Bitcoin Reserve Bill Nears Final Approval After Second House Vote
Texas lawmakers have taken a decisive step toward establishing a state bitcoin Reserve, with Senate Bill 21 (SB 21) clearing its second House vote by a margin of 105–23. The bipartisan support underscores growing institutional acceptance of Bitcoin as a strategic asset.
The proposed reserve would be managed by the Texas Comptroller of Public Accounts, marking a significant move by a U.S. state to incorporate cryptocurrency into its financial infrastructure. Governor Greg Abbott, a known supporter of crypto-friendly policies, is expected to sign the bill after its final legislative hurdle.
This development reflects Texas’ continued leadership in cryptocurrency adoption, following its emergence as a mining hub after China’s 2021 crackdown. The reserve could serve as a model for other states considering treasury diversification into digital assets.
Top Expert Reveals Timeline For Bitcoin (BTC) Price To Hit $600K
Bitcoin could surge to $600,000 by October 2025, according to analyst Fred Krueger. The forecast begins with BTC at $150,000 on July 21, 2025, before a 90-day rally. This projection coincides with anticipated shifts in global monetary systems, including a potential Gold and Bitcoin-backed payment system from BRICS nations.
Market dynamics suggest $130,000 as the next critical resistance level, followed by a pullback before climbing toward $173,000. The analysis also anticipates volatility in traditional markets, with a weaker U.S. Dollar Index (DXY) and rising bond yields.
Bitcoin Smashes All-Time High, Beats Amazon in Market Cap Race
Bitcoin surged to a record $109,487, eclipsing Amazon to become the world’s fifth-largest asset by market capitalization. The rally reflects renewed risk appetite as US-China trade tensions ease, with prominent analysts predicting further upside.
Market sentiment shifted dramatically following the May 12 announcement of a 90-day tariff suspension. Bitcoin’s 26% monthly gain to $109,400 demonstrates crypto’s growing role as a macroeconomic hedge. Peter Brandt, Michael Saylor, and Robert Kiyosaki are among those forecasting continued momentum.
