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Bitcoin price to $150K: Golden Cross Confirmed as Hedge fund traders dump US stocks for BTC

May 21, 2025

1 min read

Bitcoin price reached a new all-time high of $109,565 on Wednesday, May 21. Recession expectations in US stock markets and rapid capital outflows from Gold signal an active capital rotation into BTC. How high can Bitcoin go if bull traders clear the $110,000 resistance? Bitcoin (BTC) Hits ATH as Texas Passes Bitcoin Reserve Bill Bitcoin (BTC) price hit a new all-time high of $109,565 on Wednesday, May 21, after consolidating above the $100,000 level since the start of the month. With bullish tailwinds from long-term holders opting to HODL, persistent demand from whale entities like MicroStrategy, Metaplanet, and Bitcoin ETFs, momentum surged again after Texas approved a bill to allow the state to hold Bitcoin as part of its strategic reserve. Bitcoin Price Action (BTCUSD) | May 21 | Source: Coingecko On May 21, following the announcement from the Texas Senate, Bitcoin’s price jumped rapidly to $109,656, according to CoinGecko... Read More at Coingape.com

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