Bitcoin price today: flat at $109.7k post record high; 2025 crypto summit eyed

Published 27/05/2025, 07:02
Updated 27/05/2025, 14:58
© Reuters.

Investing.com-- Bitcoin edged marginally higher on Tuesday, trading in a narrow range after last week’s record high, as investors turned their focus to the start of the major 2025 Bitcoin conference in Las Vegas later in the day.

The world’s largest cryptocurrency added 0.1% to $109,710.0 as of 09:53 ET (13:53 GMT).

The token surged to a record high of nearly $112,000 on Thursday last week, but gave some of the gains amid profit-booking and whale trades at peak levels. 

Still, prices were supported near record highs amid regulatory cheer and optimism over increased institutional adoption.

Bitcoin near record high; markets await 2025 crypto conference

Bitcoin surged to a record high last week as both the U.S. and Hong Kong advanced significant regulatory initiatives aimed at establishing comprehensive frameworks for stablecoins.

In the U.S., the Senate advanced the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. Meanwhile, Hong Kong’s legislature passed a landmark stablecoin bill, introducing a licensing framework for fiat-referenced stablecoin issuers. 

Investors also saw a shift in Wall Street’s view, where reports emerged that major U.S. banks were considering launching a joint stablecoin venture.

Markets now await the Bitcoin 2025 Conference, beginning on May 27 at the Venetian Expo in Las Vegas.

This year’s edition is expected to be the largest to date, drawing over 30,000 attendees, featuring more than 400 speakers, and involving 5,000 participating companies.

Notable speakers at the event include Michael Saylor, Justin Sun, Jack Mallers, and Robinhood (NASDAQ:HOOD) CEO Vlad Tenev. 

U.S. Vice President JD Vance, Senator Cynthia Lummis, SEC Commissioner Hester Peirce, and economist Peter Schiff are also scheduled to appear.

As Bitcoin hovers near all-time highs, the event is anticipated to boost additional interest and momentum.

Trump Media to raise $2.5bn for Bitcoin treasury, shares sink

Trump Media & Technology Group said Tuesday that it has reached agreements with institutional investors to raise approximately $2.5 billion, with plans to use the funds to establish a Bitcoin treasury.

Shares of the Truth Social operator fell around 7% following the market open on Tuesday.

The news comes after Trump Media denied a Financial Times report that it plans to raise $3 billion to invest in cryptocurrencies such as Bitcoin, calling the story writers "dumb" and the sources unreliable.

TMTG, the media company backed by the Trump family and parent of Truth Social, is seeking $2 billion in equity and $1 billion through a convertible bond to finance large-scale crypto purchases, the FT reported on Monday, citing six people familiar with the matter.

The FT report sent Trump Media shares soaring roughly 11% in premarket trading Tuesday, before reversing all of the gains.

Crypto price today: Most altcoins range-bound, tracking Bitcoin

Most altcoins also fell, tracking weakness in the biggest cryptocurrency.

World no.2 crypto Ethereum rose 3.6% to $2,657.56. 

World no. 3 crypto XRP traded flat at $2.33. 

Solana was trading 0.2% higher, while Cardano climbed 0.3%, and Polygon dropped 1.4%.

Among meme tokens, Dogecoin rose 1.4%, while $TRUMP added 1.3%.

Ayushman Ojha contributed to this report. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.