Bitcoin hits record high as institutional demand and regulatory momentum fuel rally

  • Bitcoin soared to a new all-time high on Wednesday, briefly touching $109,500 before easing to around $108,955, up over 2% on the day and more than 16% so far in May, according to Coin Metrics. The rally marks a sharp turnaround from April, when the cryptocurrency dipped below $74,000 amid heightened global uncertainty.