Bitcoin Rises to New Record High, Eclipses January Top; Crypto Stocks Jump

Reuters

05-21

LONDON, May 21 (Reuters) - The price of Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month's tariff-induced sell-off.

The world's largest cryptocurrency touched a high of $109,481.83, a 2% gain on the day.

Crypto stocks jumped in morning trading. CleanSpark rose 8%; MARA Holdings and TeraWulf rose 5%; Riot Platforms and Bitfarms rose 3%; Coinbase rose 2%.

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