Bitcoin Surpasses $110,000 As BlackRock’s IBIT Buys Over 5,000 BTC

Bitcoin price surged past a new all-time high of $110,000 on May 21, 2025, with the investment firm Blackrock’s iShares Bitcoin Trust (IBIT) making significant purchases, scooping up nearly 5,000 BTC in a single day. This rally followed a sharp sell-off in U.S. markets, suggesting a potential connection between Bitcoin’s advance and institutional demand amidst market uncertainty.