Bitcoin Closes at Record High, Reaching New All-Time Close in a Week of Gains

Bitcoin has experienced a record-breaking week, concluding with its highest weekly close yet. The cryptocurrency’s momentum continues to propel it towards its all-time high as analysts attribute the recent surge to expanding DeFi applications and increased institutional investments. TradingView reports that Bitcoin closed at just below $106,500 on May 18, marking a historic achievement for the digital asset. This week’s record close follows weeks of consecutive gains, reflecting a bullish trend.