Bitcoin Surges Past $104K as New Wallets Rise

Bitcoin experienced a significant price surge in recent days, reaching new highs of over $103,000 on May 9th. This rally was fueled by record-breaking increases in new wallet registrations and investor activity. After starting the month quietly, Bitcoin prices began to climb on May 6th and continued their upward trajectory until they finally surpassed $104,000. The surge is further attributed to a historic influx of approximately 344,620 newly created wallets on May 8th – the highest single-day total recorded for 2025 so far.