Bitcoin Breaks Through $150,000 Barrier as Golden Cross Signals Potential Rally

Bitcoin has recently surged past the record-setting price of $150,000, signifying a potential bullish market trend fueled by positive momentum. Analysts attribute this rise to expanding DeFi applications and increasing institutional investments. The surge has been further propelled by high trading volume and Bitcoin’s growing role as a treasury asset for public companies. Bitcoin reached its new all-time high of $111,544 on Thursday, May 22nd in the afternoon Asia time, exceeding its previous record of $109,400 from just the day before.