Coinbase Witnesses Bitcoin’s Historic Surge to $109,000 as Traders Eye $300,000

Bitcoin has achieved a monumental milestone, reaching an all-time high of $109,000 on Coinbase, driven by macroeconomic optimism and easing trade war concerns. With a 25% monthly gain and options markets pricing a 40% chance of Bitcoin hitting $300,000 by June, the cryptocurrency market is brimming with bullish sentiment. This surge is further supported by $1 billion in ETF inflows, signaling strong institutional interest.

Bitcoin Shatters Records With $109,000 Surge as Traders Target $300,000

Bitcoin soared to an unprecedented $109,000 on Wednesday, marking a 25% monthly gain as macroeconomic tailwinds and fading trade war fears fueled the rally. The cryptocurrency briefly touched $109,500 on Coinbase before stabilizing near $109,378.

Options markets now price a 40% probability of Bitcoin reaching $300,000 by June, reflecting extraordinary bullish sentiment. This Optimism follows $1 billion in ETF inflows this week alone, reversing April’s dip to $75,000.

The breakout coincides with improving risk appetite across digital assets. Market participants attribute the momentum to institutional adoption and favorable liquidity conditions rather than retail speculation.

Coinbase Confirms Insider Data Breach Affecting 69,000 Users

Coinbase disclosed a significant data breach originating from misconduct by outsourced customer support agents. The incident, which occurred in December 2024 but went undetected until May 2025, compromised sensitive personal information of over 69,000 users.

The attackers failed to access private keys or account credentials, preserving the security of digital assets. Coinbase refused a $20 million ransom demand, demonstrating its commitment to resisting extortion attempts. The exchange has notified Maine regulators and assured users that Core security mechanisms remain intact.