Bitcoin rises to all-time high, partly as investors seek alternatives to U.S. assets
2025-05-22 12:26:51
Odaily News Reuters published an analysis that the U.S. fiscal concerns and tepid U.S. Treasury auctions, as well as Trump's attempt to push Congress to pass his comprehensive spending and tax cut bill, led to a decline in the dollar. Against this backdrop, Bitcoin broke through $110,000 on Thursday to set a record high, partly because investors sought alternatives to U.S. assets, while also sending signals that the cryptocurrency bull market has further room to rise, including: a general recovery in the stock market, funds reinvested in Bitcoin ETFs, and an increasing number of listed companies holding Bitcoin. (Reuters)
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